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China Gas Holdings Limited (CGHLY)
:CGHLY
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China Gas Holdings
(OTC:CGHLY)
75Outperform
China Gas Holdings (CGHLY) vs. S&P 500 (SPY)
Market Cap
$4.94B
Dividend Yield6.54%
Average Volume (3M)0.00
Price to Earnings (P/E)12.3
Beta (1Y)0.34
Revenue Growth-5.19%
EPS Growth9.01%
CountryUS
Employees70,000
SectorUtilities
Sector Strength92
IndustryRegulated Gas
Share Statistics
EPS (TTM)1.84
Shares Outstanding217,926,120
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio1.36
Price to Book (P/B)N/A
Price to Sales (P/S)0.59
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
China Gas Holdings Business Overview & Revenue Model
Company DescriptionChina Gas Holdings Limited (CGHLY) is a leading gas operator in China, primarily engaged in the investment, construction, and operation of city and town gas pipeline infrastructure, gas terminals, storage and transportation facilities, and gas logistics systems. The company primarily serves residential, industrial, and commercial customers, providing natural gas and liquefied petroleum gas (LPG) services. With a significant presence across numerous provinces in China, China Gas Holdings plays a crucial role in the country's energy sector, focusing on energy efficiency and sustainable development.
How the Company Makes MoneyChina Gas Holdings generates revenue through its core business segments, which include the sale of piped natural gas, sale of liquefied petroleum gas (LPG), and the provision of construction and installation services related to gas infrastructure. The company earns a substantial portion of its income from long-term gas supply contracts with residential, industrial, and commercial users. Additionally, it engages in the construction of gas pipeline networks and related facilities, which involves charging fees for installation and maintenance services. The company also benefits from various strategic partnerships and joint ventures with local governments and other enterprises, enhancing its market position and expanding its customer base. The growing demand for cleaner energy sources in China further drives China Gas Holdings' business growth and revenue generation.
China Gas Holdings Financial Statement Overview
Summary
China Gas Holdings exhibits a mixed financial performance. Strong cash flow management is a positive, with a 29.8% increase in free cash flow from 2023 to 2024. However, declining revenue and profit margins, coupled with a high leverage position, pose challenges to financial flexibility. The balance sheet indicates potential risks due to a high debt-to-equity ratio of 1.1.Income Statement
The income statement reflects strong gross profit margins averaging around 13.8% over the recent years, which is a positive signal. However, there is a noticeable decline in revenue from 2023 to 2024, with a negative revenue growth rate of -11.5%. Net profit margins have also been decreasing from 7.4% in 2023 to 3.9% in 2024, indicating potential challenges in cost management or pricing strategies. The EBIT and EBITDA margins indicate solid operational performance, though they have also shown a slight decline in recent years.72
Positive
Balance Sheet
The balance sheet shows a consistent equity ratio of approximately 36.3% in 2024, suggesting a balanced use of equity in financing. However, the debt-to-equity ratio of approximately 1.1 indicates a high reliance on debt, which poses a leverage risk, especially given the decreasing equity from 2022 to 2024. Return on equity has decreased from 7.4% in 2023 to 5.9% in 2024, reflecting reduced profitability relative to shareholders' equity.65
Positive
Cash Flow
The company has demonstrated positive free cash flow growth, increasing from 2023 to 2024 by 29.8%, which is a strong indicator of efficient cash management and operational efficiency. The operating cash flow to net income ratio is favorable, reflecting strong cash generation relative to reported earnings, though the free cash flow to net income ratio suggests room for improvement. The cash flow from operations has been consistently positive, supporting the company's liquidity.78
Positive
| Breakdown | ||||
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 81.41B | 91.99B | 88.23B | 69.98B | 59.54B |
| Gross Profit | ||||
| 11.30B | 12.03B | 15.74B | 18.10B | 17.10B |
| EBIT | ||||
| 5.59B | 5.08B | 13.07B | 15.56B | 14.12B |
| EBITDA | ||||
| 8.50B | 10.71B | 14.84B | 17.65B | 15.88B |
| Net Income Common Stockholders | ||||
| 3.18B | 4.29B | 7.66B | 10.48B | 9.19B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 8.12B | 10.54B | 10.12B | 8.98B | 7.12B |
| Total Assets | ||||
| 148.70B | 157.29B | 163.15B | 140.72B | 112.07B |
| Total Debt | ||||
| 59.24B | 61.39B | 57.70B | 50.70B | 39.92B |
| Net Debt | ||||
| 51.14B | 50.95B | 47.69B | 42.41B | 32.80B |
| Total Liabilities | ||||
| 87.95B | 92.50B | 91.08B | 80.86B | 66.28B |
| Stockholders Equity | ||||
| 53.93B | 57.90B | 63.58B | 51.94B | 39.60B |
| Cash Flow | Free Cash Flow | |||
| 5.28B | 4.07B | 867.30M | -71.24M | -640.85M |
| Operating Cash Flow | ||||
| 11.34B | 10.03B | 9.88B | 8.28B | 6.49B |
| Investing Cash Flow | ||||
| -7.05B | -7.51B | -12.21B | -8.32B | -9.45B |
| Financing Cash Flow | ||||
| -5.86B | -1.41B | 3.69B | 865.58M | -2.66B |
China Gas Holdings Technical Analysis
Neutral
22.67
Price Trends
21.98
Positive
21.26
Positive
21.24
Positive
Market Momentum
0.35
Positive
50.26
Neutral
24.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CGHLY, the sentiment is Neutral. The current price of 22.67 is below the 20-day moving average (MA) of 23.15, above the 50-day MA of 21.98, and above the 200-day MA of 21.24, indicating a neutral trend. The MACD of 0.35 indicates Positive momentum. The RSI at 50.26 is Neutral, neither overbought nor oversold. The STOCH value of 24.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CGHLY.
China Gas Holdings Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $23.46B | 21.14 | 9.00% | 2.27% | 5.90% | 11.85% | |
76 Outperform | $3.00B | 24.80 | 9.00% | 1.96% | 17.72% | 11.33% | |
76 Outperform | $6.66B | 12.19 | 12.22% | 4.83% | -14.01% | ― | |
75 Outperform | $4.94B | 12.29 | 5.56% | 6.54% | -5.19% | 9.01% | |
73 Outperform | $404.33M | 32.30 | 7.99% | 2.00% | -0.82% | -39.38% | |
65 Neutral | $11.67B | 15.52 | 6.23% | 4.52% | 5.50% | -9.06% | |
64 Neutral | $1.66B | 20.31 | 5.91% | 4.74% | -3.71% | -21.36% |
* Utilities Sector Average
Performance Comparison
CGHLY
China Gas Holdings
22.67
0.84
3.85%
ATO
Atmos Energy
147.81
34.34
30.26%
CPK
Chesapeake Utilities
130.52
28.47
27.90%
GNE
Genie Energy Commo
14.97
-0.30
-1.96%
NWN
Northwest Gas
41.21
6.20
17.71%
UGI
UGI
31.02
7.61
32.51%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.