RevenueNet IncomeP/EP/SEBITDividendStocksMarket capitalizationDebtLiabilitiesEquityAAQSEmployeesROEROAROCE

China Resources Gas Group P/E 2024

China Resources Gas Group P/E

11.28

China Resources Gas Group Dividend yield

3.73 %

Ticker

1193.HK

ISIN

BMG2113B1081

WKN

A0RDZ8

As of May 21, 2024, China Resources Gas Group's P/E ratio was 11.28, a -2% change from the 11.51 P/E ratio recorded in the previous year.

The China Resources Gas Group P/E history

China Resources Gas Group Aktienanalyse

What does China Resources Gas Group do?

China Resources Gas Group Ltd, founded in 1993, is a leading Chinese energy provider. The company specializes in operating gas supply pipelines and selling natural gas and liquefied petroleum gas (LPG), and currently operates business in multiple countries, including Germany. Its business model aims to ensure affordable and efficient supply of natural gas to households, businesses, and industrial customers. The company maintains a network of pipelines and distribution centers to ensure reliable energy supply. China Resources Gas operates multiple divisions, including construction and operation, gas supply, and energy efficiency. Its products include natural gas and LPG (such as propane and butane), which can serve as an energy source for households, businesses, and industries. The company also offers technical services to ensure its customers can optimize their energy supply and save energy. In recent years, China Resources Gas has expanded its business through acquisitions and partnerships. In 2014, it acquired a 20% stake in Gazprom EP International, a subsidiary of Russian energy company Gazprom. It also acquired 50% of the shares in Asia Pacific Natural Gas, an natural gas mining company, in the same year. To increase energy efficiency, China Resources Gas utilizes advanced technologies such as smart gas meters. The smart meter technology enables the company to monitor the energy consumption of its customers accurately, thereby helping to reduce energy waste and lower energy costs. China Resources Gas has set ambitious goals to maintain its leading position in the Chinese energy market. By 2020, the company aims to expand its capacity to 46 billion cubic meters of gas and increase its market share to over 30%. In summary, China Resources Gas Group Ltd is an important player in the energy market, specializing in the supply of natural gas and LPG to customers. The company offers its customers advanced technologies and services to ensure reliable and efficient energy supply. China Resources Gas Group ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/E Details

Deciphering China Resources Gas Group's P/E Ratio

The Price to Earnings (P/E) Ratio of China Resources Gas Group is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.

Year-to-Year Comparison

Assessing China Resources Gas Group's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.

Impact on Investments

The P/E ratio of China Resources Gas Group is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.

Interpreting P/E Ratio Fluctuations

Fluctuations in China Resources Gas Group’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.

Frequently Asked Questions about China Resources Gas Group Stock

What is the price-to-earnings ratio of China Resources Gas Group?

The price-earnings ratio of China Resources Gas Group is currently 11.28.

How has the price-earnings ratio of China Resources Gas Group changed compared to last year?

The price-to-earnings ratio of China Resources Gas Group has increased by -2% fallen (meaning "decreased" or "dropped") compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of China Resources Gas Group high compared to other companies?

Yes, the price-to-earnings ratio of China Resources Gas Group is high compared to other companies.

How does an increase in the price-earnings ratio of China Resources Gas Group affect the company?

An increase in the price-earnings ratio of China Resources Gas Group would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of China Resources Gas Group affect the company?

A decrease in the price-earnings ratio of China Resources Gas Group would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of China Resources Gas Group?

Some factors that influence the price-earnings ratio of China Resources Gas Group are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does China Resources Gas Group pay?

Over the past 12 months, China Resources Gas Group paid a dividend of 1.05 HKD . This corresponds to a dividend yield of about 3.73 %. For the coming 12 months, China Resources Gas Group is expected to pay a dividend of 1.11 HKD.

What is the dividend yield of China Resources Gas Group?

The current dividend yield of China Resources Gas Group is 3.73 %.

When does China Resources Gas Group pay dividends?

China Resources Gas Group pays a quarterly dividend. This is distributed in the months of October, June, October, June.

How secure is the dividend of China Resources Gas Group?

China Resources Gas Group paid dividends every year for the past 21 years.

What is the dividend of China Resources Gas Group?

For the upcoming 12 months, dividends amounting to 1.11 HKD are expected. This corresponds to a dividend yield of 3.95 %.

In which sector is China Resources Gas Group located?

China Resources Gas Group is assigned to the 'Utilities' sector.

Wann musste ich die Aktien von China Resources Gas Group kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of China Resources Gas Group from 7/17/2024 amounting to 1.007 HKD, you needed to have the stock in your portfolio before the ex-date on 5/28/2024.

When did China Resources Gas Group pay the last dividend?

The last dividend was paid out on 7/17/2024.

What was the dividend of China Resources Gas Group in the year 2023?

In the year 2023, China Resources Gas Group distributed 1.27 HKD as dividends.

In which currency does China Resources Gas Group pay out the dividend?

The dividends of China Resources Gas Group are distributed in HKD.

Stock savings plans offer an attractive way for investors to build wealth over the long term. One of the main advantages is the so-called cost-average effect: by regularly investing a fixed amount in stocks or stock funds, you automatically buy more shares when prices are low, and fewer when they are high. This can lead to a more favorable average price per share over time. In addition, stock savings plans allow small investors access to expensive stocks, as they can participate with small amounts. Regular investment also promotes a disciplined investment strategy and helps to avoid emotional decisions, such as impulsive buying or selling. Furthermore, investors benefit from the potential appreciation of the stocks as well as from dividend distributions, which can be reinvested, enhancing the compounding effect and thus the growth of the invested capital.

Andere Kennzahlen von China Resources Gas Group

Our stock analysis for China Resources Gas Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of China Resources Gas Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.