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Hong Kong & China Gas
(OTC:HOKCY)
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Rating:65Neutral
Price Target:
$0.96
â–²(1.60% Upside)
Action:Reiterated
Date:08/04/26
The score reflects stable-but-unspectacular fundamentals: steady utility-like profitability and improving free cash flow are balanced by weak revenue growth, 2025 gross-margin pressure, and higher leverage. Technical indicators add a modest positive tilt (improving short-term trend and positive momentum), while valuation is supported by a strong dividend yield but tempered by a relatively high P/E.
Positive Factors
Stable Utility Profitability
Resilient net and operating margins show that the regulated utility model continues to support dependable profitability. This provides a durable earnings base even when revenue growth is limited or operating costs fluctuate.
Negative Factors
Weak Revenue Growth
Persistent revenue softness indicates limited near-term expansion from the existing business base. Without stronger customer growth, consumption, or contribution from newer energy activities, weak top-line momentum may constrain operating leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable Utility Profitability
Resilient net and operating margins show that the regulated utility model continues to support dependable profitability. This provides a durable earnings base even when revenue growth is limited or operating costs fluctuate.
Read all positive factors
Hong Kong & China Gas (HOKCY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$16.90B
Dividend Yield4.53%
Average Volume (3M)16.95K
Price to Earnings (P/E)20.3
Beta (1Y)-0.09
Revenue Growth1.23%
EPS Growth12.63%
CountryUS
Employees2,146
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)0.35
Shares Outstanding18,659,870,000
10 Day Avg. Volume34,679
30 Day Avg. Volume16,955
Financial Highlights & Ratios
PEG Ratio-7.53
Price to Book (P/B)2.29
Price to Sales (P/S)2.51
P/FCF Ratio25.17
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.04
Revenue Forecast (FY)$7.17B
Hong Kong & China Gas Business Overview & Revenue Model
Company Description
Established in 1862 and headquartered in North Point, Hong Kong, The Hong Kong and China Gas Company Limited is a comprehensive energy and utilities provider. The company's core business revolves around the production, distribution, and marketing ...
How the Company Makes Money
The company primarily makes money by supplying gas to end users and charging for associated services and infrastructure. In Hong Kong, a major revenue stream is the sale of town gas to residential, commercial, and industrial customers, typically u...
Hong Kong & China Gas Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 56.35B | 54.23B | 55.47B | 56.97B | 60.95B | 53.56B |
| Gross Profit | 12.48B | 12.96B | 23.11B | 21.98B | 14.38B | 14.02B |
| EBITDA | 11.81B | 11.91B | 14.32B | 11.88B | 11.67B | 11.89B |
| Net Income | 6.37B | 5.68B | 5.71B | 6.18B | 5.36B | 5.13B |
Balance Sheet | ||||||
| Total Assets | 168.01B | 163.54B | 158.27B | 161.98B | 168.47B | 168.07B |
| Cash, Cash Equivalents and Short-Term Investments | 9.97B | 8.01B | 7.69B | 10.41B | 13.36B | 10.63B |
| Total Debt | 62.60B | 61.00B | 58.81B | 56.91B | 60.44B | 55.92B |
| Total Liabilities | 95.30B | 92.16B | 89.94B | 90.96B | 95.71B | 88.61B |
| Stockholders Equity | 60.17B | 59.35B | 57.39B | 59.85B | 63.61B | 69.81B |
Cash Flow | ||||||
| Free Cash Flow | 2.33B | 5.40B | 2.54B | 2.50B | 1.40B | 2.20B |
| Operating Cash Flow | 4.93B | 10.53B | 9.00B | 10.93B | 9.73B | 10.62B |
| Investing Cash Flow | -2.36B | -2.59B | -2.31B | -2.50B | -8.41B | -13.47B |
| Financing Cash Flow | -4.40B | -7.90B | -9.21B | -12.45B | 1.91B | 5.39B |
Hong Kong & China Gas Technical Analysis
Positive
0.94
Price Trends
0.87
Positive
0.88
Positive
0.89
Positive
Market Momentum
0.01
Positive
55.70
Neutral
7.20
Positive
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 0.94 is above the 20-day moving average (MA) of 0.90, above the 50-day MA of 0.87, and above the 200-day MA of 0.89, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 55.70 is Neutral, neither overbought nor oversold. The STOCH value of 7.20 is Positive, 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | $28.32B | 19.74 | 9.67% | 2.39% | 6.45% | 15.84% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | $16.90B | 20.29 | 10.65% | 4.53% | 1.23% | 12.63% | |
65 Neutral | $6.38B | 12.26 | 12.89% | 2.87% | -63.47% | 166.76% | |
62 Neutral | $5.02B | 17.14 | 8.42% | 3.39% | -0.78% | 10.67% | |
61 Neutral | $4.89B | 9.20 | 21.42% | 3.94% | 4.12% | 93.82% | |
57 Neutral | $19.85B | 21.78 | 9.58% | 2.85% | 12.25% | 0.39% |
* Utilities Sector Average
HOKCY
Hong Kong & China Gas
0.93
0.07
7.75%
ATO
Atmos Energy
168.07
7.72
4.81%
SR
Spire
83.44
10.60
14.56%
NI
Nisource
41.90
2.47
6.26%
SWX
Southwest Gas
88.88
13.97
18.65%
OGS
ONE Gas
80.75
8.46
11.70%
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.