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Towngas Valuation Multiples
Discover revenue and EBITDA valuation multiples for Towngas and similar public comparables like EDP Renovaveis, Power Assets Holdings, Brookfield Infrastructure Partners, Kansai Electric Power and more.
Towngas Overview
About Towngas
Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The companyβs core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. The company is also investing in water, upstream gas, and new energies.
Founded
1862
HQ

Employees
2.2K
Website
Sectors
Financials (LTM)
EV
$24B
Towngas Financials
Towngas reported last 12-month revenue of $7B and EBITDA of $2B.
In the same LTM period, Towngas generated $1B in gross profit, $2B in EBITDA, and $739M in net income.
Revenue (LTM)
Towngas P&L
In the most recent fiscal year, Towngas reported revenue of $7B and EBITDA of $2B.
Towngas expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $7B | XXX | $7B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 18% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 26% | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $739M | XXX | $729M | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 10% | XXX | XXX | XXX |
| Net Debt | β | β | $7B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Towngas Stock Performance
Towngas has current market cap of $17B, and enterprise value of $24B.
Market Cap Evolution
Towngas' stock price is $0.92.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $24B | $17B | 0.0% | XXX | XXX | XXX | $0.04 |
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Start Free TrialTowngas Valuation Multiples
Towngas trades at 3.4x EV/Revenue multiple, and 14.4x EV/EBITDA.
EV / Revenue (LTM)
Towngas Financial Valuation Multiples
As of April 20, 2026, Towngas has market cap of $17B and EV of $24B.
Equity research analysts estimate Towngas' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Towngas has a P/E ratio of 23.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $17B | XXX | $17B | XXX | XXX | XXX |
| EV (current) | $24B | XXX | $24B | XXX | XXX | XXX |
| EV/Revenue | 3.4x | XXX | 3.4x | XXX | XXX | XXX |
| EV/EBITDA | 14.4x | XXX | 13.0x | XXX | XXX | XXX |
| EV/EBIT | 22.3x | XXX | 22.8x | XXX | XXX | XXX |
| EV/Gross Profit | 18.6x | XXX | 8.1x | XXX | XXX | XXX |
| P/E | 23.2x | XXX | 23.5x | XXX | XXX | XXX |
| EV/FCF | 35.3x | XXX | 73.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Towngas Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Towngas Margins & Growth Rates
Towngas' revenue in the last 12 month grew by 2%.
Towngas' revenue per employee in the last FY averaged $3.3M, while opex per employee averaged $0.9M for the same period.
Towngas' rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Towngas' rule of X is 30% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Towngas Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 26% | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | (10%) | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 26% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 30% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $3.3M | XXX | XXX | XXX |
| Opex per Employee | β | XXX | $0.9M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | β | XXX | XXX | XXX |
| G&A Expenses to Revenue | 0% | XXX | β | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 27% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Towngas Public Comps
See public comps and valuation multiples for other Energy Services and Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Towngas | XXX | XXX | XXX | XXX | XXX | XXX |
| EDP Renovaveis | XXX | XXX | XXX | XXX | XXX | XXX |
| Power Assets Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Brookfield Infrastructure Partners | XXX | XXX | XXX | XXX | XXX | XXX |
| Kansai Electric Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Elia Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Towngas M&A Activity
Towngas acquired XXX companies to date.
Last acquisition by Towngas was on XXXXXXXX, XXXXX. Towngas acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Towngas
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTowngas Investment Activity
Towngas invested in XXX companies to date.
Towngas made its latest investment on XXXXXXXX, XXXXX. Towngas invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Towngas
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Towngas
| When was Towngas founded? | Towngas was founded in 1862. |
| Where is Towngas headquartered? | Towngas is headquartered in Hong Kong. |
| How many employees does Towngas have? | As of today, Towngas has over 2K employees. |
| Is Towngas publicly listed? | Yes, Towngas is a public company listed on HKEX. |
| What is the stock symbol of Towngas? | Towngas trades under 00003 ticker. |
| When did Towngas go public? | Towngas went public in 1987. |
| Who are competitors of Towngas? | Towngas main competitors are EDP Renovaveis, Power Assets Holdings, Brookfield Infrastructure Partners, Kansai Electric Power. |
| What is the current market cap of Towngas? | Towngas' current market cap is $17B. |
| What is the current revenue of Towngas? | Towngas' last 12 months revenue is $7B. |
| What is the current revenue growth of Towngas? | Towngas revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Towngas? | Current revenue multiple of Towngas is 3.4x. |
| Is Towngas profitable? | Yes, Towngas is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Towngas? | Towngas' last 12 months EBITDA is $2B. |
| What is Towngas' EBITDA margin? | Towngas' last 12 months EBITDA margin is 24%. |
| What is the current EV/EBITDA multiple of Towngas? | Current EBITDA multiple of Towngas is 14.4x. |
| What is the current FCF of Towngas? | Towngas' last 12 months FCF is $675M. |
| What is Towngas' FCF margin? | Towngas' last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of Towngas? | Current FCF multiple of Towngas is 35.3x. |
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