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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 company’s 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

Hong Kong

Employees

2.2K

Financials (LTM)

Revenue: $7B
EBITDA: $2B

EV

$24B

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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

See Towngas forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$7BXXX$7BXXXXXXXXX
Gross Profit$1BXXX$3BXXXXXXXXX
Gross Margin18%XXX42%XXXXXXXXX
EBITDA$2BXXX$2BXXXXXXXXX
EBITDA Margin24%XXX26%XXXXXXXXX
EBIT Margin15%XXX15%XXXXXXXXX
Net Profit$739MXXX$729MXXXXXXXXX
Net Margin11%XXX10%XXXXXXXXX
Net Debtβ€”β€”$7BXXXXXXXXX

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.

See Towngas trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$24B$17B0.0%XXXXXXXXX$0.04

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Towngas Valuation Multiples

Towngas trades at 3.4x EV/Revenue multiple, and 14.4x EV/EBITDA.

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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.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$17BXXX$17BXXXXXXXXX
EV (current)$24BXXX$24BXXXXXXXXX
EV/Revenue3.4xXXX3.4xXXXXXXXXX
EV/EBITDA14.4xXXX13.0xXXXXXXXXX
EV/EBIT22.3xXXX22.8xXXXXXXXXX
EV/Gross Profit18.6xXXX8.1xXXXXXXXXX
P/E23.2xXXX23.5xXXXXXXXXX
EV/FCF35.3xXXX73.5xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Towngas Valuation Multiples

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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).

See operational valuation multiples for Towngas and other 15K+ public comps

Towngas Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth2%XXX(2%)XXXXXXXXX
EBITDA Margin24%XXX26%XXXXXXXXX
EBITDA Growth2%XXX(10%)XXXXXXXXX
Rule of 40β€”XXX26%XXXXXXXXX
Bessemer Rule of Xβ€”XXX30%XXXXXXXXX
Revenue per Employeeβ€”XXX$3.3MXXXXXXXXX
Opex per Employeeβ€”XXX$0.9MXXXXXXXXX
S&M Expenses to Revenue0%XXXβ€”XXXXXXXXX
G&A Expenses to Revenue0%XXXβ€”XXXXXXXXX
Opex to Revenueβ€”XXX27%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Towngas Public Comps

See public comps and valuation multiples for other Energy Services and Utilities comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
TowngasXXXXXXXXXXXXXXXXXX
EDP RenovaveisXXXXXXXXXXXXXXXXXX
Power Assets HoldingsXXXXXXXXXXXXXXXXXX
Brookfield Infrastructure PartnersXXXXXXXXXXXXXXXXXX
Kansai Electric PowerXXXXXXXXXXXXXXXXXX
Elia GroupXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

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).

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Latest Acquisitions by Towngas

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Towngas 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).

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Latest Investments by Towngas

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About 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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