Hong Kong & China Gas (HOKCY)
OTHER OTC:HOKCY
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Hong Kong & China Gas
(OTC:HOKCY)
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Rating:58Neutral
Price Target:
$0.96
â–²(4.35% Upside)
Action:Reiterated
Date:05/02/26
The score is primarily driven by stable profitability and improving free cash flow, offset by weak revenue growth and rising leverage. Technical indicators are neutral-to-soft, and valuation is mixed with a high P/E but a supportive ~5% dividend yield.
Positive Factors
Stable regulated profitability
Towngas exhibits stable, utility-like margins (net ~10.5%, EBIT ~15% in 2025). For a regulated gas distributor, persistent mid-single-digit to double-digit margins reflect predictable cost recovery and tariff frameworks, supporting steady earnings and reducing volatility over a multi-month horizon.
Negative Factors
Weak revenue momentum
Top-line has softened and multi-year revenue momentum is negative, limiting organic growth potential. For a network utility with substantial fixed costs, declining volumes or pricing pressure compresses headroom for margin expansion and constrains capacity to accelerate debt reduction or new investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable regulated profitability
Towngas exhibits stable, utility-like margins (net ~10.5%, EBIT ~15% in 2025). For a regulated gas distributor, persistent mid-single-digit to double-digit margins reflect predictable cost recovery and tariff frameworks, supporting steady earnings and reducing volatility over a multi-month horizon.
Read all positive factors
Hong Kong & China Gas (HOKCY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$17.48B
Dividend Yield5.11%
Average Volume (3M)75.00
Price to Earnings (P/E)12.3
Beta (1Y)-0.03
Revenue Growth-1.98%
EPS Growth-0.26%
CountryUS
Employees56,401
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)0.31
Shares Outstanding18,659,870,000
10 Day Avg. Volume0
30 Day Avg. Volume75
Financial Highlights & Ratios
PEG Ratio-7.42
Price to Book (P/B)2.29
Price to Sales (P/S)2.51
P/FCF Ratio25.17
Enterprise Value/Market Cap10.92
Enterprise Value/Revenue3.52
Enterprise Value/Gross Profit11.39
Enterprise Value/Ebitda16.14
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.04
Revenue Forecast (FY)$7.13B
Hong Kong & China Gas Business Overview & Revenue Model
Company Description
The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas in Hong Kong and Mainland China. It is involved in the provision of liquefied natural gas, methanol, and coal and other chemicals; ...
How the Company Makes Money
In Hong Kong, the company makes money mainly by selling town gas supplied through its pipeline distribution network to end customers (households, restaurants, commercial buildings, and industrial users). Revenue is driven by the volume of gas cons...
Hong Kong & China Gas Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
64
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 54.23B | 55.47B | 56.97B | 60.95B | 53.56B |
| Gross Profit | 12.96B | 23.11B | 21.98B | 14.38B | 14.02B |
| EBITDA | 11.91B | 14.32B | 11.88B | 11.67B | 11.89B |
| Net Income | 5.68B | 5.71B | 6.18B | 5.36B | 5.13B |
Balance Sheet | |||||
| Total Assets | 163.54B | 158.27B | 161.98B | 168.47B | 168.07B |
| Cash, Cash Equivalents and Short-Term Investments | 8.01B | 7.69B | 10.41B | 13.36B | 10.63B |
| Total Debt | 61.00B | 58.81B | 56.91B | 60.44B | 55.92B |
| Total Liabilities | 92.16B | 89.94B | 90.96B | 95.71B | 88.61B |
| Stockholders Equity | 59.35B | 57.39B | 59.85B | 63.61B | 69.81B |
Cash Flow | |||||
| Free Cash Flow | 5.40B | 2.54B | 2.50B | 1.40B | 2.20B |
| Operating Cash Flow | 10.53B | 9.00B | 10.93B | 9.73B | 10.62B |
| Investing Cash Flow | -2.59B | -2.31B | -2.50B | -8.41B | -13.47B |
| Financing Cash Flow | -7.90B | -9.21B | -12.45B | 1.91B | 5.39B |
Hong Kong & China Gas Technical Analysis
Positive
0.92
Price Trends
0.93
Positive
0.94
Positive
0.92
Positive
Market Momentum
<0.01
Negative
54.10
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HOKCY, the sentiment is Positive. The current price of 0.92 is below the 20-day moving average (MA) of 0.93, below the 50-day MA of 0.93, and below the 200-day MA of 0.92, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.10 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HOKCY.
Hong Kong & China Gas Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $29.38B | 13.21 | 9.59% | 2.15% | 8.81% | 13.54% | |
70 Outperform | $5.79B | 6.33 | 13.74% | 4.01% | 8.52% | -18.44% | |
66 Neutral | $6.49B | 11.37 | 11.86% | 3.07% | -48.15% | 105.44% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | $22.54B | 11.02 | 10.37% | 2.69% | 15.01% | 8.33% | |
62 Neutral | $7.53B | 3.76 | 12.77% | 3.92% | 0.52% | 20.56% | |
58 Neutral | $17.48B | 12.34 | 9.73% | 5.11% | -1.98% | -0.26% |
* Utilities Sector Average
HOKCY
Hong Kong & China Gas
0.93
0.08
8.87%
ATO
Atmos Energy
177.46
25.55
16.82%
NJR
New Jersey Resources
57.18
13.47
30.81%
NI
Nisource
47.71
10.21
27.23%
SWX
Southwest Gas
88.89
21.82
32.53%
UGI
UGI
35.84
1.69
4.95%
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.