Assessing China Resources Gas Group (SEHK:1193) Valuation After New Energy Supply Framework Agreement

Simply Wall St.01-11

China Resources Gas Group (SEHK:1193) has entered into a new framework agreement for energy supply transactions, covering metering, internal control measures, and oversight of connected transactions, ...

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See our latest analysis for China Resources Gas Group. At a share price of HK$21.78, China Resources Gas Group has seen a 90 day share price return of 6.87%, but the 1 year total shareholder return of 17.14% decline suggests recent momentum is still repairing longer term weakness. If this kind of regulatory focused growth story interests you, it can be worth broadening your watchlist with fast growing stocks with high insider ownership. With China Resources Gas Group trading at HK$21.78, sitting close to its analyst price target but with an indicated intrinsic discount, the key question is whether markets are overlooking value or already pricing in future growth. AdvertisementPrice-to-Earnings of 16.6x: Is it justified? On a last close of HK$21.78, China Resources Gas Group trades on a P/E of 16.6x, which screens as expensive against both its own fair ratio and peers. The P/E multiple compares the company’s share price with its earnings per share and is a common way to see how much investors are paying for current profits in the gas utilities sector. Here, the SWS fair P/E ratio is estimated at 11.3x. The current 16.6x suggests investors are paying a higher price for each dollar of earnings than that fair ratio implies. The company is also on a richer multiple than the peer average of 10.7x and the wider Asian gas utilities industry on 14x. This represents a strong premium that the market would need to justify with future earnings strength. Explore the SWS fair ratio for China Resources Gas Group Result: Price-to-Earnings of 16.6x (OVERVALUED) However, the longer term total returns and the premium P/E mean that any earnings disappointment or regulatory shifts around gas distribution could quickly pressure that valuation. Find out about the key risks to this China Resources Gas Group narrative. Another View: DCF Points to Upside While the 16.6x P/E makes China Resources Gas Group look expensive, the SWS DCF model suggests something very different, with an estimated fair value of HK$49.32 versus the current HK$21.78. That 55.8% discount raises a simple question: is sentiment too pessimistic? Look into how the SWS DCF model arrives at its fair value. 1193 Discounted Cash Flow as at Jan 2026Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out China Resources Gas Group for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 879 undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.  Build Your Own China Resources Gas Group Narrative If parts of this analysis do not sit right with you, or you would rather lean on your own take using the same data, you can build a personalised view in just a few minutes by starting with Do it your way. A great starting point for your China Resources Gas Group research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision. Looking for more investment ideas? If you are serious about finding your next opportunity, do not stop at one stock. Use the screener to spot ideas that fit your style before others do.  Spot potential value candidates early by reviewing these 879 undervalued stocks based on cash flows that might be trading at prices below what their cash flows suggest. Tap into long term growth themes by checking out these 28 AI penny stocks positioned around artificial intelligence and data driven business models. Add diversification with targeted income by assessing these 12 dividend stocks with yields > 3% that offer yields above 3% and may complement growth focused holdings.   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. 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