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Hong Kong and China Gas Co Ltd HOKCF

Morningstar Rating
$0.77 +0.01 (1.58%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

HOKCF is trading at a 11% discount.
Price
$0.77
Fair Value
$1.82
Uncertainty
Medium
1-Star Price
$7.60
5-Star Price
$9.59
Economic Moat
Dmnhrx
Capital Allocation
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Trading Information

Previous Close Price
$0.76
Day Range
$0.770.77
52-Week Range
$0.680.97
Bid/Ask
$0.70 / $0.75
Market Cap
$14.40 Bil
Volume/Avg
1,000 / 142,404

Key Statistics

Price/Earnings (Normalized)
22.46
Price/Sales
2.04
Dividend Yield (Trailing)
5.79%
Dividend Yield (Forward)
5.79%
Total Yield
5.79%

Company Profile

Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The company’s core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. In the mainland, the company has a gas distribution business with 267 projects across 26 provinces. HKCG is also investing in water, upstream gas, and new energies. The business mix is approximately 90% gas utilities and 10% new energy. HKCG also holds a 15.8% stake in International Financial Center, a Grade A office building in the Hong Kong central business district.
Sector
Utilities
Industry
Utilities - Regulated Gas
Stock Style Box
Large Core
Total Number of Employees
2,135

Comparables

Valuation

Metric
HOKCF
01270
00088
Price/Earnings (Normalized)
22.467.3820.97
Price/Book Value
1.880.300.31
Price/Sales
2.045.4114.19
Price/Cash Flow
13.198.74
Price/Earnings
HOKCF
01270
00088

Financial Strength

Metric
HOKCF
01270
00088
Quick Ratio
0.690.038.45
Current Ratio
0.830.0338.01
Interest Coverage
5.204.24−5.00
Quick Ratio
HOKCF
01270
00088

Profitability

Metric
HOKCF
01270
00088
Return on Assets (Normalized)
3.68%1.45%0.88%
Return on Equity (Normalized)
9.96%2.58%0.91%
Return on Invested Capital (Normalized)
5.53%2.99%0.07%
Return on Assets
HOKCF
01270
00088
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