Assessing China Resources Gas Group’s Valuation After Weaker Full-Year Earnings

Simply Wall St.03-30

China Resources Gas Group (SEHK:1193) released its full year 2025 results, reporting sales of HK$97,732.61 million and net income of HK$3,546.79 million, both lower than the previous year, which helps...

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The 90 day share price return shows a decline of 16%, and the 1 year...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","01193":"华润燃气","IE00BVYPNP33.GBP":"GUINNESS ASIAN EQUITY INCOME \"C\" (GBP) ACC","BK1570":"华润系","BK1566":"燃气股","BK1221":"燃气公用事业","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","DCF":"Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","BK1589":"北水核心资产","IE00BGHQDM52.EUR":"GUINNESS ASIAN EQUITY INCOME \"C\" (EUR) ACC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","IE00BVYPNQ40.USD":"GUINNESS ASIAN EQUITY INCOME \"C\" (USD) ACC"},"translate_title":"在全年盈利疲软后评估华润燃气集团的估值","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01193":0.9,"DCF":1},"content_text":"China Resources Gas Group (SEHK:1193) released its full year 2025 results, reporting sales of HK$97,732.61 million and net income of HK$3,546.79 million, both lower than the previous year, which helps frame the current focus of investors. See our latest analysis for China Resources Gas Group. The recent full year results, which showed lower sales and net income, appear to sit alongside weaker momentum in the share price. The 90 day share price return shows a decline of 16%, and the 1 year total shareholder return shows a decline of 27.82%, from a latest share price of HK$19.42. If this earnings update has you reassessing your portfolio, it can help to see what else is moving in related areas of the market, including 26 power grid technology and infrastructure stocks With earnings under pressure and the share price lower over multiple time frames, is China Resources Gas Group now trading at a meaningful discount, or is the market already factoring in its future growth prospects? AdvertisementPrice-to-Earnings of 12.6x: Is it justified? China Resources Gas Group trades on a P/E of 12.6x, which sits between its peer average of 10.6x and the broader Asian gas utilities average of 15x. The P/E ratio compares the current share price to earnings per share, so it reflects how much investors are willing to pay for each unit of earnings. For a gas utility with forecast earnings growth of 8.13% per year and high quality earnings, this ratio gives a quick sense of how expectations line up with current profitability. Here, the picture is mixed. The company screens as good value against the Asian gas utilities industry at 15x, suggesting the market is not assigning a premium versus the wider group. However, it looks expensive relative to a peer average of 10.6x and also trades above an estimated fair P/E of 11x, a level that regression analysis indicates the market could move towards if sentiment cools. Explore the SWS fair ratio for China Resources Gas Group Result: Price-to-Earnings of 12.6x (OVERVALUED) However, you should keep an eye on earnings pressure and the 27.82% 1 year total shareholder return decline, as either could challenge the current valuation story. Find out about the key risks to this China Resources Gas Group narrative. Another View: Cash Flows Tell a Different Story While the 12.6x P/E ratio suggests China Resources Gas Group is somewhat expensive versus peers and its own fair ratio, the SWS DCF model points the other way. On this view, the shares at HK$19.42 trade at a 62.3% discount to an estimated cash flow value of HK$51.57, which raises the question of whether earnings multiples are missing something. Look into how the SWS DCF model arrives at its fair value. 1193 Discounted Cash Flow as at Mar 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 234 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. Next Steps Curious whether the mix of pressure and potential here really adds up for you personally? Act while the information is fresh and review the trade off between concerns and opportunities by checking the 2 key rewards and 1 important warning sign Looking for more investment ideas? If this earnings story has you rethinking where your money works hardest, use this moment to line up a shortlist of fresh opportunities tailored to your style.  Target value opportunities that balance quality with price by scanning 234 high quality undervalued stocks before the crowd catches on. Prioritise resilience and capital protection by working through 265 resilient stocks with low risk scores and stress testing your current holdings against sturdier options. Spot potential future standouts early by reviewing the screener containing 600 high quality undiscovered gems and seeing which names deserve a closer look next.   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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