KUNLUN ENERGY (HK:0135)
:0135
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KUNLUN ENERGY
(0135)
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Rating:65Neutral
Price Target:
HK$8.00
▲(12.52% Upside)
Action:Downgraded
Date:05/03/26
Overall score reflects solid financial stability (improving leverage and strong free cash flow) tempered by notable recent margin compression and slightly weaker revenue. Technical indicators are neutral-to-soft, while valuation (moderate P/E and ~4.5% yield) provides support.
Positive Factors
Free Cash Flow Strength
Consistently positive and improving free cash flow (~7.4B in 2025) and strong operating cash (~13.1B) provide durable internal funding for capex, network expansion, dividends or debt paydown. This cash generation reduces reliance on external financing and supports resilience through gas-cycle volatility over months.
Negative Factors
Margin Compression
Sharp margin deterioration signals persistent spread pressure or higher costs that weaken underlying profitability. Sustained lower gross and net margins reduce earnings power, limit reinvestment or payout capacity, and heighten sensitivity to adverse input prices or regulatory tariff constraints over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Strength
Consistently positive and improving free cash flow (~7.4B in 2025) and strong operating cash (~13.1B) provide durable internal funding for capex, network expansion, dividends or debt paydown. This cash generation reduces reliance on external financing and supports resilience through gas-cycle volatility over months.
Read all positive factors
KUNLUN ENERGY (0135) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$64.85B
Dividend Yield4.58%
Average Volume (3M)15.12M
Price to Earnings (P/E)6.7
Beta (1Y)0.41
Revenue Growth3.72%
EPS Growth-10.43%
CountryHK
Employees24,809
SectorEnergy
Sector Strength52
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)0.62
Shares Outstanding8,658,802,000
10 Day Avg. Volume15,166,776
30 Day Avg. Volume15,121,581
Financial Highlights & Ratios
PEG Ratio-0.85
Price to Book (P/B)0.85
Price to Sales (P/S)0.31
P/FCF Ratio7.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$8.85Price Target Upside24.47% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)0.69
Revenue Forecast (FY)HK$204.55B
KUNLUN ENERGY Business Overview & Revenue Model
Company Description
Kunlun Energy Company Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas. It operates through four segments: Natural Gas Sales; Sales of Liquefied Petroleum Gas (LPG);...
How the Company Makes Money
Kunlun Energy primarily makes money by selling natural gas and providing gas-related services across the supply chain. Key revenue streams typically include: (1) Natural gas sales to end-users and industrial/commercial customers through city-gas d...
KUNLUN ENERGY Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
72
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 188.96B | 187.05B | 177.35B | 171.94B | 138.55B |
| Gross Profit | 13.44B | 25.38B | 26.26B | 20.98B | 18.03B |
| EBITDA | 14.84B | 16.45B | 18.55B | 17.18B | 15.98B |
| Net Income | 5.21B | 5.96B | 5.68B | 5.23B | 23.02B |
Balance Sheet | |||||
| Total Assets | 144.18B | 143.39B | 143.52B | 138.89B | 132.58B |
| Cash, Cash Equivalents and Short-Term Investments | 44.63B | 45.09B | 45.59B | 39.48B | 28.49B |
| Total Debt | 21.43B | 24.28B | 25.20B | 25.85B | 25.18B |
| Total Liabilities | 51.86B | 54.55B | 57.74B | 58.19B | 56.72B |
| Stockholders Equity | 67.79B | 65.15B | 63.45B | 59.91B | 56.27B |
Cash Flow | |||||
| Free Cash Flow | 7.40B | 6.42B | 9.23B | 9.15B | 4.14B |
| Operating Cash Flow | 13.13B | 12.51B | 14.41B | 14.87B | 12.00B |
| Investing Cash Flow | -1.21B | -3.49B | -1.06B | -18.45B | 25.60B |
| Financing Cash Flow | -8.60B | -8.59B | -6.04B | -4.92B | -25.72B |
KUNLUN ENERGY Technical Analysis
Negative
7.11
Price Trends
7.74
Negative
7.80
Negative
7.55
Negative
Market Momentum
-0.04
Negative
44.92
Neutral
24.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0135, the sentiment is Negative. The current price of 7.11 is below the 20-day moving average (MA) of 7.57, below the 50-day MA of 7.74, and below the 200-day MA of 7.55, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 44.92 is Neutral, neither overbought nor oversold. The STOCH value of 24.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0135.
KUNLUN ENERGY Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | HK$64.85B | 6.72 | 7.88% | 4.58% | 3.72% | -10.43% | |
51 Neutral | HK$28.32B | 6.93 | -3.91% | 1.65% | -13.85% | -626.58% | |
49 Neutral | HK$765.41M | 10.11 | 4.05% | ― | -14.14% | -59.17% | |
47 Neutral | HK$146.42M | -2.37 | -22.12% | ― | -29.86% | -791.02% | |
43 Neutral | HK$1.63B | -2.39 | 153.66% | ― | -14.95% | -932.70% | |
42 Neutral | HK$111.28M | -0.26 | 167.07% | ― | -76.52% | -630.18% |
* Energy Sector Average
HK:0135
KUNLUN ENERGY
7.49
-0.38
-4.84%
HK:0603
China Oil & Gas Group
0.16
0.01
8.72%
HK:0338
Sinopec Shanghai Petrochemical Co
1.20
>-0.01
-0.66%
HK:1142
E&P Global Holdings Limited
0.13
-0.82
-86.42%
HK:0332
Yuan Heng Gas Holdings Ltd
0.02
>-0.01
-26.09%
HK:8270
China CBM Group Co. Ltd.
0.38
0.09
29.31%
KUNLUN ENERGY Corporate Events
Kunlun Energy Sets AGM to Approve Dividend, Board Mandates and Expanded Share Issuance Authority
Apr 30, 2026
Kunlun Energy has called an annual general meeting for 28 May 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and vote on a proposed final dividend of RMB14.98 cents per share....
Kunlun Energy Lifts Gas Volumes and Revenue but Profit Slips in 2025
Mar 24, 2026
Kunlun Energy reported a 9.39% rise in total natural gas sales volumes to 59,255 million cubic metres in 2025, with retail gas sales edging up 2.30% to 33,509 million cubic metres. Revenue increased 3.71% year on year to RMB193,979 million, unders...
Kunlun Energy Declares Final Dividend for 2025 with HKD and RMB Payment Options
Mar 24, 2026
Kunlun Energy Company Limited has declared a final ordinary dividend of RMB 0.1498 per share for the financial year ended 31 December 2025, with shareholders able to receive the payout in Hong Kong dollars at HKD 0.1684 per share based on a set ex...
Kunlun Energy Sets Three-Year Dividend Plan With Minimum 50% Payout
Mar 24, 2026
Kunlun Energy has approved a dividend distribution plan covering the financial years ending 31 December 2026, 2027 and 2028, setting a minimum annual payout ratio of 50% of profit attributable to shareholders. The plan also aims to ensure that the...
Kunlun Energy Names Patrick Sun as Lead Independent Director to Bolster Governance
Mar 24, 2026
Kunlun Energy has designated independent non-executive director Patrick Sun, who also chairs the Audit Committee and sits on the Remuneration and Nomination Committees, as its lead independent non-executive director effective 24 March 2026. In thi...
Kunlun Energy Clarifies Board Composition and Committee Roles
Mar 24, 2026
Kunlun Energy has confirmed that its board currently consists of seven directors, including Chairman Liu Guohai and Chief Executive Officer He Yongli, alongside a mix of non-executive and independent non-executive directors. The company has also d...
Kunlun Energy Sets March Board Meeting to Review 2025 Results and Dividend
Mar 10, 2026
Kunlun Energy Company Limited has scheduled a board meeting for 24 March 2026 to review the audited annual results for the financial year ended 31 December 2025. The board will also consider whether to declare a dividend, a decision that could sig...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.