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China Gas Holdings is involved in the wholesale and retail businesses of natural gas and liquefied petroleum gas in China. As of fiscal 2024 (ended March 31, 2024), the group had secured a total of 662 piped gas concessions, 516 compressed natural gas/liquefied natural gas refilling stations for vehicles, and 119 LPG distribution projects in China. In total, CGH has connected 47.1 million residential households and achieved a penetration rate of 70.9%.
1995
74.6K+
LTM Revenue $10.4B
LTM EBITDA $1.3B
$11.4B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
China Gas has a last 12-month revenue of $10.4B and a last 12-month EBITDA of $1.3B.
In the most recent fiscal year, China Gas achieved revenue of $10.5B and an EBITDA of $1.2B.
China Gas expects next 12-month revenue of XXX and NTM EBITDA of XXX
See China Gas valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $11.8B | $10.5B | XXX | XXX | XXX |
| Gross Profit | $2.0B | $1.5B | XXX | XXX | XXX |
| Gross Margin | 17% | 15% | XXX | XXX | XXX |
| EBITDA | $1.4B | $1.2B | XXX | XXX | XXX |
| EBITDA Margin | 12% | 12% | XXX | XXX | XXX |
| Net Profit | $985M | $552M | XXX | XXX | XXX |
| Net Margin | 8% | 5% | XXX | XXX | XXX |
| Net Debt | $5.9B | $6.4B | XXX | XXX | XXX |
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As of April 15, 2025, China Gas's stock price is HKD 7 (or $1).
China Gas has current market cap of HKD 37.5B (or $4.8B), and EV of HKD 88.9B (or $11.4B).
See China Gas trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $11.4B | $4.8B | XXX | XXX | XXX | XXX | $0.09 |
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Sign UpAs of April 15, 2025, China Gas has market cap of $4.8B and EV of $11.4B.
China Gas's trades at 1.1x LTM EV/Revenue multiple, and 8.7x LTM EBITDA.
Analysts estimate China Gas's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for China Gas and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $11.4B | XXX | XXX | XXX |
| EV/Revenue | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | 8.8x | XXX | XXX | XXX |
| P/E | 10.4x | XXX | XXX | XXX |
| P/E/Growth | 1.0x | XXX | XXX | XXX |
| EV/FCF | 20.6x | XXX | XXX | XXX |
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Sign UpChina Gas's NTM/LTM revenue growth is 0%
China Gas's revenue per employee for the last fiscal year averaged $0.1M, while opex per employee averaged $9K for the same period.
Over next 12 months, China Gas's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate China Gas's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for China Gas and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -11% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -10% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 13% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.1M | XXX | XXX | XXX | XXX |
| Opex per Employee | $9K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 7% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| New Sources Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| APA Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Chrysos Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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China Gas acquired XXX companies to date.
Last acquisition by China Gas was XXXXXXXX, XXXXX XXXXX XXXXXX . China Gas acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was China Gas founded? | China Gas was founded in 1995. |
| Where is China Gas headquartered? | China Gas is headquartered in Hong Kong. |
| How many employees does China Gas have? | As of today, China Gas has 74.6K+ employees. |
| Is China Gas publicy listed? | Yes, China Gas is a public company listed on HKG. |
| What is the stock symbol of China Gas? | China Gas trades under 00384 ticker. |
| When did China Gas go public? | China Gas went public in 1995. |
| Who are competitors of China Gas? | Similar companies to China Gas include e.g. TAQA, New Sources Energy, AGL Energy, APA Group. |
| What is the current market cap of China Gas? | China Gas's current market cap is $4.8B |
| What is the current revenue of China Gas? | China Gas's last 12-month revenue is $10.4B. |
| What is the current EBITDA of China Gas? | China Gas's last 12-month EBITDA is $1.3B. |
| What is the current EV/Revenue multiple of China Gas? | Current revenue multiple of China Gas is 1.1x. |
| What is the current EV/EBITDA multiple of China Gas? | Current EBITDA multiple of China Gas is 8.7x. |
| What is the current revenue growth of China Gas? | China Gas revenue growth between 2023 and 2024 was -11%. |
| Is China Gas profitable? | Yes, China Gas is EBITDA-positive (as of the last 12 months). |
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