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The Hong Kong and China Gas Company Limited (0003.HK)

HKD6.66 -0.03 (-0.45%)
HK HKSE Utilities Regulated Gas
Address 363 Java Road
North Point, HK
CEO Ka-Shing Lee
IPO 2000-01-04
ISIN HK0003000038

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Also trades on Hong Kong Stock Exchange · 0003.HK (HKD) Other OTC · HOKCF (USD) Other OTC · HOKCY (USD)
Description

Established in 1862 and headquartered in North Point, Hong Kong, The Hong Kong and China Gas Company Limited operates as a prominent utility and energy provider. The company primarily engages in the production, distribution, and marketing of gas across Hong Kong and Mainland China, supplying town gas to approximately 1.9 million customers. Its product portfolio includes liquefied natural gas, methanol, coal, and various other chemicals. Beyond traditional gas services, the company is actively involved in numerous energy initiatives, such as the conversion and utilization of biomass and agricultural waste, alongside the development of photovoltaic projects and broader energy exploration ventures. It also operates natural gas refilling stations, manages piped city-gas projects, participates in upstream and midstream energy developments, and provides aviation fuel facilities. A substantial part of its business encompasses water services, including water supply and the treatment of domestic sewage and industrial wastewater for about 2.4 million customers. The company further delivers comprehensive engineering and consultancy services, spanning utility installation, infrastructure construction, and civil and building services for both public and private sector projects. Additionally, it manufactures gas meters, metering systems, and polyethylene piping and fittings. In the technology sector, the company provides network connectivity, data center and cloud computing services, coupled with expertise in software development, solution implementation, and systems integration. Its diverse activities also span customer service centers, retail and hospitality ventures (including cafés and restaurants), and laundry services. Furthermore, it engages in the development of automatic meter reading systems, laboratory testing, payment gateway solutions, and project management, complemented by interests in landfill gas initiatives, financing, logistics, oil operations, research and development, property development, and securities investment.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD6.66 -0.03 (-0.45%)
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Volume Profile
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Liquidity & share structure
Average Volume
24M
Beta
0.55
Float Shares
10.85B
Free Float %
58.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.84% -2.98% -2.32% -5.78% -0.97% +2.28% +3.02% -1.51% -44.25% -21.98% +137.42%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
6.66
DCF (Levered) 0.86 -87.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 4 0
Hold 5 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
2.24
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Regulated Gas: +4.9%
    -2.1% Q4'25: -3.5% (vs Q4'23)
  • EPS growth Regulated Gas: +13.8%
    +0.0% Q4'25: +7.7% (vs Q4'23)
  • FCF margin FCF growth · Regulated Gas: +30.8%
    +8.2% Q4'25: +8.7% (vs Q4'23)
  • EBIT margin Regulated Gas: +12.9%
    +15.0% Q4'25: +13.0% (vs Q4'23)
  • ROIC Regulated Gas: +4.7%
    +5.1% Q4'25: +8.9% (vs Q4'23)
  • Share dilution Regulated Gas: 0.0%
    +0.0% Q4'25: +0.0% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Regulated Gas: 2.21×
    7.50× Q4'25: 4.38× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.57) × ERP
WACC = 69% × Ke + 31% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 6.66
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
10 Rev. Ana.
12 EPS Ana.
Dec 2027
11 Rev. Ana.
11 EPS Ana.
Dec 2028
4 Rev. Ana.
5 EPS Ana.
Revenue
29.59B
est: 32.76B (-9.7%)
28.56B
est: 29.62B (-3.6%)
32.48B
est: 31.00B (+4.8%)
39.07B
est: 36.56B (+6.9%)
40.63B
est: 41.17B (-1.3%)
40.93B
est: 39.62B (+3.3%)
53.56B
est: 50.05B (+7.0%)
60.95B
est: 57.69B (+5.6%)
56.97B
est: 60.35B (-5.6%)
55.47B
est: 57.20B (-3.0%)
54.33B
est: 56.90B (-4.5%)
55.76B
53.57B – 57.09B
-2.0% YoY
56.79B
53.50B – 59.64B
+1.9% YoY
57.57B
54.76B – 59.71B
+1.4% YoY
EBITDA
9.01B
est: 7.22B (+24.8%)
9.36B
est: 6.53B (+43.5%)
10.64B
est: 6.83B (+55.7%)
16.05B
est: 8.06B (+99.3%)
10.78B
est: 9.07B (+18.8%)
11.34B
est: 8.73B (+29.9%)
10.42B
est: 11.03B (-5.5%)
12.34B
est: 12.71B (-3.0%)
11.88B
est: 13.30B (-10.7%)
12.16B
est: 11.15B (+9.1%)
8.13B
est: 11.09B (-26.7%)
10.87B
10.44B – 11.13B
-2.0% YoY
11.07B
10.43B – 11.62B
+1.9% YoY
11.22B
10.67B – 11.64B
+1.4% YoY
EBIT
6.99B
est: 5.14B (+36.0%)
11.05B
est: 4.65B (+137.9%)
12.35B
est: 4.86B (+154.1%)
13.52B
est: 5.73B (+135.7%)
8.02B
est: 6.46B (+24.3%)
8.40B
est: 6.21B (+35.2%)
7.13B
est: 7.85B (-9.2%)
8.81B
est: 9.05B (-2.6%)
8.34B
est: 9.47B (-11.9%)
8.60B
est: 9.78B (-12.1%)
8.13B
est: 9.73B (-16.4%)
9.54B
9.16B – 9.76B
-2.0% YoY
9.71B
9.15B – 10.20B
+1.9% YoY
9.85B
9.37B – 10.21B
+1.4% YoY
Net Income
7.41B
est: 7.45B (-0.5%)
7.45B
est: 7.40B (+0.7%)
8.34B
est: 7.72B (+7.9%)
9.42B
est: 8.36B (+12.7%)
7.06B
est: 7.93B (-10.9%)
6.12B
est: 6.51B (-6.0%)
5.13B
est: 8.26B (-37.9%)
5.36B
est: 6.19B (-13.5%)
6.18B
est: 5.94B (+3.9%)
5.71B
est: 6.25B (-8.6%)
5.69B
est: 5.88B (-3.3%)
6.02B
5.75B – 6.37B
+2.3% YoY
6.24B
5.78B – 6.59B
+3.8% YoY
6.42B
6.01B – 6.73B
+2.8% YoY
SGA
2.84B
est: 4.11B (-30.7%)
2.96B
est: 3.71B (-20.4%)
3.03B
est: 3.88B (-21.9%)
3.30B
est: 4.58B (-28.1%)
4.45B
est: 5.16B (-13.8%)
4.14B
est: 4.96B (-16.7%)
5.01B
est: 6.27B (-20.1%)
5.77B
est: 7.23B (-20.2%)
3.88B
est: 7.56B (-48.7%)
14.93B
est: 7.03B (+112.3%)
4.85B
est: 6.99B (-30.7%)
6.85B
6.59B – 7.02B
-2.0% YoY
6.98B
6.58B – 7.33B
+1.9% YoY
7.08B
6.73B – 7.34B
+1.4% YoY
EPS
0.39
est: 0.40 (-2.4%)
0.39
est: 0.40 (-1.6%)
0.44
est: 0.41 (+6.3%)
0.50
est: 0.45 (+11.6%)
0.37
est: 0.42 (-12.9%)
0.32
est: 0.35 (-8.3%)
0.27
est: 0.44 (-39.0%)
0.28
est: 0.33 (-15.7%)
0.32
est: 0.32 (+0.5%)
0.31
est: 0.33 (-7.4%)
0.30
est: 0.32 (-4.8%)
0.32
0.31 – 0.34
+2.3% YoY
0.33
0.31 – 0.35
+3.8% YoY
0.34
0.32 – 0.36
+2.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 3/5 3/5 4/5 3/5 2/5 2/5
2026-05-28 B 3/5 3/5 3/5 4/5 3/5 2/5 2/5
2026-05-27 B 3/5 3/5 3/5 4/5 3/5 2/5 2/5
2026-05-26 B 3/5 3/5 3/5 4/5 3/5 2/5 2/5
2026-05-22 B 3/5 3/5 3/5 4/5 3/5 2/5 2/5
2026-05-21 B 3/5 3/5 3/5 4/5 3/5 2/5 2/5
2026-05-20 B 3/5 3/5 3/5 4/5 3/5 2/5 2/5
2026-05-19 B+ 3/5 3/5 4/5 4/5 3/5 2/5 2/5
2026-05-18 B+ 3/5 3/5 4/5 4/5 3/5 2/5 2/5
2026-05-15 B+ 3/5 3/5 4/5 4/5 3/5 2/5 2/5
2026-05-14 B+ 3/5 3/5 4/5 4/5 3/5 2/5 2/5
2026-05-13 B 3/5 3/5 3/5 4/5 3/5 2/5 2/5
2026-05-12 B 3/5 3/5 3/5 4/5 3/5 2/5 2/5
2026-05-11 B+ 3/5 3/5 4/5 4/5 3/5 2/5 2/5
2026-05-08 B 3/5 3/5 3/5 4/5 3/5 2/5 2/5
2026-05-07 B 3/5 3/5 3/5 4/5 3/5 2/5 2/5
2026-05-06 B 3/5 3/5 3/5 4/5 3/5 2/5 2/5
2026-05-05 B+ 3/5 3/5 3/5 4/5 3/5 3/5 2/5
2026-05-04 B+ 3/5 3/5 3/5 4/5 3/5 3/5 2/5
2026-04-30 B- 3/5 1/5 4/5 4/5 2/5 2/5 2/5
2026-04-29 B- 2/5 1/5 3/5 4/5 2/5 2/5 2/5
2026-04-28 B- 2/5 1/5 3/5 4/5 2/5 2/5 2/5
2026-04-27 B- 3/5 1/5 3/5 5/5 2/5 2/5 2/5
2026-04-24 B- 3/5 1/5 3/5 5/5 2/5 2/5 2/5
2026-04-23 B- 3/5 1/5 3/5 5/5 2/5 2/5 2/5
2026-04-22 B- 3/5 1/5 3/5 5/5 2/5 2/5 2/5
2026-04-21 B- 3/5 1/5 3/5 5/5 2/5 2/5 2/5
2026-04-20 B- 3/5 1/5 3/5 5/5 2/5 2/5 2/5
2026-04-17 B- 3/5 1/5 3/5 5/5 2/5 2/5 2/5
2026-04-16 B- 3/5 1/5 3/5 5/5 2/5 2/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-3.51B
OE per share TTM
-0.19
Owner's Yield
-2.66%
Maintenance CapEx ratio
145.99%
Maint CapEx / Avg PPE
139.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 220 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares MSCI Hong Kong ETF EWH 2.83% 32.94M 0.50%
2 Invesco MSCI Pacific Ex Japan Universal Screened UCITS ETF ESPJ.L 0.60% 510.5K 0.19%
3 Pacer Global Cash Cows Dividend ETF GCOW 0.49% 15.76M 0.60%
4 Inspire International ETF WWJD 0.48% 2.56M 0.61%
5 Timothy Plan International ETF TPIF 0.45% 1.09M 0.62%
6 BMO Low Volatility International Equity ETF ZLI.TO 0.44% 887.6K 0.45%
7 Xtrackers MSCI Pacific ex Japan Screened UCITS ETF 1C XPXD.L 0.44% 5.91M 0.25%
8 WisdomTree International Multifactor Fund DWMF 0.43% 147.0K 0.38%
9 iShares MSCI Pacific ex Japan ETF EPP 0.43% 9.21M 0.47%
10 JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF BBAX 0.43% 27.44M 0.19%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
144.2K
Shares Outstanding
18.66B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Wai Yee Wong MD & Executive Director 31M male
Lui-Ming Yeung FCCA FCPA Chief Financial Officer & Executive Director 15M male
Ying-lung Chan Chief Investment Officer & Executive Director 13M male
Ka-Shing Lee Joint Chairman 1M
Ngo Siu Hing Head of Engineering - Hong Kong Utilities male
Wai Ngai Kee Chief Operating Officer of Mainland Utilities & Water, Environmental Business male
Ming-wing Lam Chief Human Resources Officer male
Jian-hang Qiu Chief Operating Officer of Renewable Business
Lai Kin Wong Chief Legal Officer & Company Secretary female
Hill-kwong Cheng Chief Operating Officer of Hong Kong Business & Head of Sustainable Green Energy Hub male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits