China Gas Holdings Ltd (0384) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of China Gas Holdings Ltd HK$8.52, price HK$5.33, upside +60.0%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? No
- Add to watchlist
China Gas Holdings Ltd
0384 · HKCheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range HK$5.18 – HK$24.36 · fair‑value band HK$5.11 – HK$13.79 · the HK$5.33 price screens below the HK$8.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 29, 2026.
Every Wednesday you see whether China Gas Holdings is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Company profile
China Gas Holdings Limited, an investment holding company, operates as an energy supplier and service provider in the People's Republic of China. It operates through Sales of Natural Gas; Engineering Design, Construction and Installation; Sales of Liquefied Petroleum Gas (LPG); Value-Added Services; and Other Businesses segments.
Show more
China Gas Holdings Limited, an investment holding company, operates as an energy supplier and service provider in the People's Republic of China. It operates through Sales of Natural Gas; Engineering Design, Construction and Installation; Sales of Liquefied Petroleum Gas (LPG); Value-Added Services; and Other Businesses segments. The company invests in, constructs, and operates city and town gas pipelines, gas terminals, storage and transportation facilities, and gas logistics systems; delivers natural gas and LPG to residential, industrial, and commercial users; builds and operates compressed natural gas/liquefied natural gas fueling stations for vehicles; and develops technologies related to natural gas and LPG. It is also involved in the investment in petrochemical facilities of storage and transportation; producing, storing, and selling of LPG and chemical products, as well as propane and butane; CBM business; exploration and production of coal bed methane; and gas station administration services. In addition, the company offers treasury, management, consultancy, and procurement services; and engages in wholesale and retail of household equipment, electric appliances, kitchen appliances, and others. Further, it is involved in the development and investment in clean energy; wholesale and trading of natural gas and liquefied natural gas; and sale of electricity, as well as invests in construction of city gas pipeline network, petrochemical, and natural gas projects. Additionally, the company engages in the distribution of heating; securities investment; software development and consulting; and provision of construction services, as well as rental and inspection services for safety production. China Gas Holdings Limited was incorporated in 1995 and is headquartered in Wan Chai, Hong Kong.
Stock analysis
China Gas Holdings Ltd (0384) currently trades at HK$5.33, while our model-based Fair Value estimate is HK$8.52, implying the stock looks roughly 37.5% undervalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$14.93 per share, and 24 of the 26 models we run sit above the HK$5.33 price.
Bear case: the Economic Profit group reads lowest at HK$3.28, and 2 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$5.11 (bear) to HK$13.79 (bull), the price of HK$5.33 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Utilities sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
China Gas Holdings Ltd reported revenue of HK$73.6B in FY2026 versus HK$88.2B in FY2022, a compound −4.4%/yr. Reported net income was HK$2.7B in FY2026, compounding −22.8%/yr from FY2022.
Key figures
Market cap HK$28.7B (≈ $3.7B) · P/E ratio 10.8 · P/S ratio 0.40 · EPS (TTM) HK$0.2500 · Dividend yield 6.6% · Net margin 3.7% · Return on equity 5.6% · Return on assets (EBIT) 4.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at 2% fair-value upside, at 60%, 0384 screens cheaper than that median.
Fair Value models
All 26 models by family
Notify me when 0384 reaches fair value
Put 0384 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 30
Revenue & earnings trend
Growth Forecast
Watch 0384, get fair value alerts →
Earlier news
- Venture Global and China Gas Announce New Long-Term LNG Agreement
- China Gas Holdings (SEHK:384): Assessing Valuation After Leadership Change and New U.S. LNG Supply Deals
- China Gas Holdings Ltd's Dividend Analysis
- Analysis-China policy reform to end losses for city-gas firms on household sales
Compare China Gas Holdings Ltd with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Regulated Gas · 103 stocks
Valuation Multiplesvs Utilities - Regulated Gas median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Utilities sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Utilities
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Regulated Gas stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Naturgy Energy Group NTGY | €29.10 | €32.79 | +13% |
| Atmos Energy Corporation ATO | $157.21 | $77.00 | −51% |
| Uniper SE UN0 | €45.25 | €45.97 | +2% |
| NiSource Inc NI | $39.42 | $19.90 | −50% |
| The Hong Kong and China Gas Company 0003 | HK$7.08 | HK$4.79 | −32% |
| GAIL (India) Limited GAIL | ₹172.70 | ₹132.97 | −23% |
| Italgas S.p.A IG | €8.35 | €9.19 | +10% |
| ENN Natural Gas Co 600803 | ¥18.54 | ¥36.99 | +100% |
| UGI Corporation UGI | $36.24 | $32.74 | −10% |
| ENN Energy Holdings 2688 | HK$48.76 | HK$107.85 | +121% |
Explore undervalued stocks
More undervalued Utilities stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is China Gas Holdings Ltd (0384) overvalued or undervalued?
What is the fair value of 0384?
What is the quality score of 0384?
What is the price target for China Gas Holdings Ltd (0384)?
What is the China Gas Holdings Ltd stock forecast for 2026?
What is the revenue of China Gas Holdings Ltd (0384)?
Does China Gas Holdings Ltd pay a dividend?
What growth is priced into China Gas Holdings Ltd (0384)?
What discount rate (WACC) does the fair value of 0384 use?
What is a reverse DCF?
How much growth has China Gas Holdings Ltd (0384) delivered so far?
How fast is the sector of China Gas Holdings Ltd (0384) growing?
What is the free cash flow yield of China Gas Holdings Ltd (0384)?
What is the intrinsic value of China Gas Holdings Ltd (0384)?
Is China Gas Holdings Ltd stock overvalued or undervalued in 2026?
Is fair value the same as the market price of 0384?
How much is China Gas Holdings Ltd worth?
What do the bullish and bearish scenarios say about 0384?
What is the P/E ratio of 0384?
What is the PEG ratio of 0384?
How solid is the balance sheet of China Gas Holdings Ltd (0384)?
How far is 0384 from its 52-week high?
Which stocks are comparable to China Gas Holdings Ltd?
Is China Gas Holdings Ltd stock attractive at the current price?
How is the fair value of 0384 calculated?
Is it still worth investing in stocks now?
What is the share price of China Gas Holdings Ltd (0384)?
What should I pay attention to with China Gas Holdings Ltd right now?
Where does the earnings growth of China Gas Holdings Ltd (0384) come from?
Key figures of China Gas Holdings Ltd
How large is the market capitalisation of China Gas Holdings Ltd (0384)?
What is the P/S ratio of China Gas Holdings Ltd (0384)?
What are the earnings per share of China Gas Holdings Ltd (0384)?
What is the dividend yield of China Gas Holdings Ltd (0384)?
What is the net margin of China Gas Holdings Ltd (0384)?
What is the return on equity of China Gas Holdings Ltd (0384)?
What is the EBIT return on assets of China Gas Holdings Ltd (0384)?
What is the operating margin of China Gas Holdings Ltd (0384)?
How fast is revenue growing at China Gas Holdings Ltd (0384)?
How fast are earnings growing at China Gas Holdings Ltd (0384)?
How much net debt does China Gas Holdings Ltd (0384) carry?
Watch China Gas Holdings Ltd in the live analysis
One click puts China Gas Holdings Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.