China Resources Gas Group Ltd (1193) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of China Resources Gas Group Ltd HK$28.50, price HK$16.18, upside +76.1%, quality 49 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
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China Resources Gas Group Ltd
1193 · HKCheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.
What runs behind every stock
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range HK$14.40 – HK$41.44 · fair‑value band HK$17.63 – HK$50.60 · the HK$16.18 price screens below the HK$28.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Company profile
China Resources Gas Group Limited, an investment holding company, engages in the sale of liquefied gas and connection of gas pipelines. The company operates through Sale and Distribution of Gas Fuel and Related Products, Gas Connection, Comprehensive Services, Design and Construction Services, and Gas Stations segments.
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China Resources Gas Group Limited, an investment holding company, engages in the sale of liquefied gas and connection of gas pipelines. The company operates through Sale and Distribution of Gas Fuel and Related Products, Gas Connection, Comprehensive Services, Design and Construction Services, and Gas Stations segments. The Sale and Distribution of Gas Fuel and Related Products segment sells natural gas and liquefied petroleum gas for residential, commercial, and industrial use. The Gas Connection segment engages in the construction of gas pipeline networks under gas connection contracts. The Comprehensive Services segment sells gas appliances and related products. The Design and Construction Services segment provides design, construction, consultancy, and management services for gas connection projects. The Gas Stations segment engages in the sale of gas fuel in natural gas filling stations. China Resources Gas Group Limited was incorporated in 1994 and is based in Wan Chai, Hong Kong. China Resources Gas Group Limited is a subsidiary of CRH (Gas) Limited.
Stock analysis
China Resources Gas Group Ltd (1193) currently trades at HK$16.18, while our model-based Fair Value estimate is HK$28.50, implying the stock looks roughly 43.2% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$38.93 per share, and 21 of the 24 models we run sit above the HK$16.18 price.
Bear case: the Economic Profit group reads lowest at HK$12.83, and 3 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: HK$17.63 (bear) to HK$50.60 (bull), the price of HK$16.18 sits below 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 49/100 (below-average quality), in the Utilities sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
China Resources Gas Group Ltd reported revenue of HK$97.7B in FY2025 versus HK$79.6B in FY2021, a compound +5.3%/yr. Reported net income was HK$3.5B in FY2025, compounding −13.7%/yr from FY2021.
Key figures
Market cap HK$37.0B (≈ $4.7B) · P/E ratio 10.5 · P/S ratio 0.38 · Dividend yield 5.9% · Net margin 3.6% · Return on equity 7.4% · Return on assets (EBIT) 6.1% · Operating margin 7.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 12% 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 76%, 1193 screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 46
Revenue & earnings trend
Growth Forecast
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Compare China Resources Gas Group 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% |
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