HONG KONG&CHINA GAS
HONG KONG&CHINA GAS operates in Diversified Metals & Mining.
HONG KONG&CHINA GAS (HCG) - Net Assets
Latest net assets as of December 2023: €71.02 Billion EUR
Based on the latest financial reports, HONG KONG&CHINA GAS (HCG) has net assets worth €71.02 Billion EUR as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€161.98 Billion) and total liabilities (€90.96 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 | €71.02 Billion |
| % of Total Assets | 43.84% |
| Annual Growth Rate | 1.75% |
| 5-Year Change | -5.81% |
| 10-Year Change | N/A |
| Growth Volatility | 6.52 |
HONG KONG&CHINA GAS - Net Assets Trend (2016–2023)
This chart illustrates how HONG KONG&CHINA GAS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for HONG KONG&CHINA GAS (2016–2023)
The table below shows the annual net assets of HONG KONG&CHINA GAS from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 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 | -- |
Equity Component Analysis
This analysis shows how different components contribute to HONG KONG&CHINA GAS'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 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €59.85 Billion | 100.00% |
| Total Equity | €59.85 Billion | 100.00% |
HONG KONG&CHINA GAS Competitors by Market Cap
The table below lists competitors of HONG KONG&CHINA GAS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
UNI-PRESIDENT CHINA (58U.SG)
STU:58U
|
$8.24K |
|
CHINA GAS HLDGS LTD
MU:EBZ
|
$8.24K |
|
Alexandria New Medical Center
EGX:AMES
|
$8.25K |
|
PSI GROUP
BE:PGT
|
$8.26K |
|
SunVic Technology Co., Ltd.
TWO:4304
|
$8.24K |
|
Brera Holdings PLC
NASDAQ:SLMT
|
$8.22K |
|
Tittot Company Limited
TWO:9949
|
$8.21K |
|
MRVE3Q
SA:MRVE3Q
|
$8.21K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HONG KONG&CHINA GAS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 63,611,700,000 to 59,852,800,000, a change of -3,758,900,000 (-5.9%).
- Net income of 6,178,500,000 contributed positively to equity growth.
- Dividend payments of 6,531,000,000 reduced retained earnings.
- Other factors decreased equity by 3,403,200,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €6.18 Billion | +10.32% |
| Dividends Paid | €6.53 Billion | -10.91% |
| Other Changes | €-3.40 Billion | -5.69% |
| Total Change | €- | -5.91% |
Book Value vs Market Value Analysis
This analysis compares HONG KONG&CHINA GAS'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 | €0.83 | x |
| 2018-12-31 | €3.34 | €0.83 | x |
| 2019-12-31 | €3.57 | €0.83 | x |
| 2020-12-31 | €3.71 | €0.83 | x |
| 2021-12-31 | €3.74 | €0.83 | x |
| 2022-12-31 | €3.41 | €0.83 | x |
| 2023-12-31 | €3.21 | €0.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HONG KONG&CHINA GAS 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): 10.32%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.84%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 2.71x
- Recent ROE (10.32%) is below the historical average (10.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 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 |
Industry Comparison
This section compares HONG KONG&CHINA GAS's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $107,279,526,363
- Average return on equity (ROE) among peers: 7.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HONG KONG&CHINA GAS (HCG) | €71.02 Billion | 13.24% | 1.28x | $8.24K |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $973.51K |
| Tokyu Corporation (01T) | $747.05 Billion | 9.38% | 2.03x | $93.98K |
| GUANGZHOU AUTO -H- (02G) | $77.92 Billion | 13.99% | 0.70x | $4.23K |
| MOSAIC (02M) | $9.37 Billion | -11.39% | 1.06x | $267.55K |
| MOSAIC (02M.SG) (02M) | $10.72 Billion | 9.59% | 0.71x | $264.31K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $22.74 Million | -14.04% | 3.68x | $1.51 Million |
| KRAKATAU STEEL -B- (07K) | $587.19 Million | 7.57% | 5.43x | $166.88 |
| CN MODERN DAIRY (07M.SG) (07M) | $8.04 Billion | 9.58% | 0.94x | $1.66K |
| TOURMALINE OIL (08T) | $13.69 Billion | 32.78% | 0.38x | $376.57K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $343.89 |