Hong Kong and China Gas Co Ltd 00003
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.
Trading Information
- Previous Close Price
- HKD 5.68
- Day Range
- HKD 5.68–5.83
- 52-Week Range
- HKD 5.25–7.67
- Bid/Ask
- HKD 5.69 / HKD 5.70
- Market Cap
- HKD 106.17 Bil
- Volume/Avg
- 24.9 Mil / 17.9 Mil
Key Statistics
- Price/Earnings (Normalized)
- 21.13
- Price/Sales
- 1.92
- Dividend Yield (Trailing)
- 6.15%
- Dividend Yield (Forward)
- 6.15%
- Total Yield
- 6.15%
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
- Website
- http://www.towngas.com
Comparables
Valuation
|
Metric
|
00003
|
01270
|
00088
|
|---|---|---|---|
Price/Earnings (Normalized) | 21.13 | 7.38 | 20.97 |
Price/Book Value | 1.77 | 0.30 | 0.31 |
Price/Sales | 1.92 | 5.41 | 14.19 |
Price/Cash Flow | 12.41 | 8.74 | — |
Price/Earnings
00003
01270
00088
Financial Strength
|
Metric
|
00003
|
01270
|
00088
|
|---|---|---|---|
Quick Ratio | 0.69 | 0.03 | 8.45 |
Current Ratio | 0.83 | 0.03 | 38.01 |
Interest Coverage | 5.20 | 4.24 | −5.00 |
Quick Ratio
00003
01270
00088
Profitability
|
Metric
|
00003
|
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
00003
01270
00088
Utilities - Regulated Gas Industry Comparables
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
GASNF
| Naturgy Energy Group SA | — | Kjxx | $23.5 Bil | |
GASNY
| Naturgy Energy Group SA ADR | — | Bktc | $21.5 Bil | |
ATO
| Atmos Energy Corp | Bdcpxgmn | Cwcsy | $17.3 Bil | |
GAILF
| GAIL (India) Ltd DR | — | Ccgz | $16.2 Bil | |
SNMRF
| Snam SpA | — | Hqpkkzx | $15.0 Bil | |
SNMRY
| Snam SpA ADR | — | Ccfsg | $15.0 Bil | |
HOKCY
| Hong Kong and China Gas Co Ltd ADR | — | Pjcyxjc | $13.5 Bil | |
NI
| NiSource Inc | Bfbzpkch | Vsfkmj | $11.9 Bil | |
NFE
| New Fortress Energy Inc Class A | Jvqlwsfy | Mpyfh | $5.6 Bil | |
NJR
| New Jersey Resources Corp | Jxtvshm | Gwvsnxm | $4.1 Bil |