The Hong Kong and China Gas Company Limited
The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas, water supply and energy services in Hong Kong and Mainland China. It is involved in the provision of renewable energy solutions, piped city-gas projects, gas supply chain, water supply, and urban waste utilization projects, as well as new energy exploration and utilisation ventures… Read more
The Hong Kong and China Gas Company Limited (HCG) - Net Assets
Latest net assets as of June 2025: €68.91 Billion EUR
Based on the latest financial reports, The Hong Kong and China Gas Company Limited (HCG) has net assets worth €68.91 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€162.42 Billion) and total liabilities (€93.50 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €68.91 Billion |
| % of Total Assets | 42.43% |
| Annual Growth Rate | 1.76% |
| 5-Year Change | -13.67% |
| 10-Year Change | 10.01% |
| Growth Volatility | 6.08 |
The Hong Kong and China Gas Company Limited - Net Assets Trend (2013–2024)
This chart illustrates how The Hong Kong and China Gas Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The Hong Kong and China Gas Company Limited (2013–2024)
The table below shows the annual net assets of The Hong Kong and China Gas Company Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €68.33 Billion | -3.78% |
| 2023-12-31 | €71.02 Billion | -5.48% |
| 2022-12-31 | €75.14 Billion | -8.19% |
| 2021-12-31 | €81.84 Billion | +3.39% |
| 2020-12-31 | €79.15 Billion | +4.98% |
| 2019-12-31 | €75.40 Billion | +7.41% |
| 2018-12-31 | €70.19 Billion | -0.07% |
| 2017-12-31 | €70.25 Billion | +11.68% |
| 2016-12-31 | €62.90 Billion | +1.26% |
| 2015-12-31 | €62.11 Billion | -0.18% |
| 2014-12-31 | €62.22 Billion | +10.38% |
| 2013-12-31 | €56.37 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Hong Kong and China Gas Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €57.39 Billion | 100.00% |
| Total Equity | €57.39 Billion | 100.00% |
The Hong Kong and China Gas Company Limited Competitors by Market Cap
The table below lists competitors of The Hong Kong and China Gas Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Generac Holdings Inc
NYSE:GNRC
|
$8.97 Billion |
|
New Oriental Education & Technology
NYSE:EDU
|
$8.97 Billion |
|
Wärtsilä Oyj Abp
PINK:WRTBF
|
$8.97 Billion |
|
Daiwa Securities Group Inc
PINK:DSECF
|
$8.97 Billion |
|
Interpublic Group of Cos.
LSE:0JCK
|
$8.96 Billion |
|
Chaozhou Three-circle Group Co Ltd
SHE:300408
|
$8.96 Billion |
|
JIO Financial Services Ltd
NSE:JIOFIN
|
$8.95 Billion |
|
APA CORP. DL -625
F:2S3
|
$8.95 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Hong Kong and China Gas Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 59,852,800,000 to 57,390,400,000, a change of -2,462,400,000 (-4.1%).
- Net income of 5,711,500,000 contributed positively to equity growth.
- Dividend payments of 6,531,000,000 reduced retained earnings.
- Other factors decreased equity by 1,642,900,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €5.71 Billion | +9.95% |
| Dividends Paid | €6.53 Billion | -11.38% |
| Other Changes | €-1.64 Billion | -2.86% |
| Total Change | €- | -4.11% |
Book Value vs Market Value Analysis
This analysis compares The Hong Kong and China Gas Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.26x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €3.37 | €0.81 | x |
| 2018-12-31 | €3.34 | €0.81 | x |
| 2019-12-31 | €3.57 | €0.81 | x |
| 2020-12-31 | €3.71 | €0.81 | x |
| 2021-12-31 | €3.74 | €0.81 | x |
| 2022-12-31 | €3.41 | €0.81 | x |
| 2023-12-31 | €3.21 | €0.81 | x |
| 2024-12-31 | €3.08 | €0.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Hong Kong and China Gas Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.95%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.30%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 2.76x
- Recent ROE (9.95%) is below the historical average (11.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 13.74% | 24.26% | 0.27x | 2.13x | €1.87 Billion |
| 2014 | 13.12% | 22.81% | 0.28x | 2.08x | €1.71 Billion |
| 2015 | 13.43% | 25.05% | 0.26x | 2.09x | €1.89 Billion |
| 2016 | 13.24% | 26.09% | 0.24x | 2.07x | €1.82 Billion |
| 2017 | 13.28% | 25.67% | 0.25x | 2.09x | €2.06 Billion |
| 2018 | 15.10% | 24.11% | 0.29x | 2.13x | €3.18 Billion |
| 2019 | 10.61% | 17.39% | 0.29x | 2.11x | €404.94 Million |
| 2020 | 8.85% | 14.95% | 0.27x | 2.17x | €-796.65 Million |
| 2021 | 7.35% | 9.57% | 0.32x | 2.41x | €-1.85 Billion |
| 2022 | 8.43% | 8.79% | 0.36x | 2.65x | €-1.00 Billion |
| 2023 | 10.32% | 10.84% | 0.35x | 2.71x | €193.22 Million |
| 2024 | 9.95% | 10.30% | 0.35x | 2.76x | €-27.54 Million |
Industry Comparison
This section compares The Hong Kong and China Gas Company Limited's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $20,018,039,396
- Average return on equity (ROE) among peers: 8.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Hong Kong and China Gas Company Limited (HCG) | €68.91 Billion | 13.74% | 1.36x | $8.97 Billion |
| 7RN (7RN) | $4.05 Billion | 4.83% | 1.18x | $1.46 Billion |
| Chinese People Holdings Company Limited (KEH) | $2.75 Billion | 0.56% | 0.23x | $14.56 Million |
| New Jersey Resources Corporation (NJ1) | $1.11 Billion | 16.35% | 1.97x | $4.62 Billion |
| PT Perusahaan Gas Negara Tbk (PGB1) | $3.17 Billion | 9.60% | 1.16x | $963.29 Million |
| China Tian Lun Gas Holdings Limited (TLJ) | $3.54 Billion | 16.06% | 2.23x | $41.67 Million |
| Saibu Gas Holdings Co.Ltd (XSG) | $105.49 Billion | 5.83% | 3.09x | $397.56 Million |