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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. In the mainland, the company has a gas distribution business with 267 projects across 26 provinces. HKCG is also investing in water, upstream gas, and new energies. The business mix is approximately 90% gas utilities and 10% new energy. HKCG also holds a 15.8% stake in International Financial Center, a Grade A office building in the Hong Kong central business district.
1982
2.1K+
LTM Revenue $7.2B
LTM EBITDA $1.7B
$22.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Towngas has a last 12-month revenue of $7.2B and a last 12-month EBITDA of $1.7B.
In the most recent fiscal year, Towngas achieved revenue of $7.3B and an EBITDA of $1.9B.
Towngas expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Towngas valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $7.8B | $7.3B | XXX | XXX | XXX |
| Gross Profit | $2.7B | $2.8B | XXX | XXX | XXX |
| Gross Margin | 34% | 38% | XXX | XXX | XXX |
| EBITDA | $1.7B | $1.9B | XXX | XXX | XXX |
| EBITDA Margin | 22% | 26% | XXX | XXX | XXX |
| Net Profit | $659M | $689M | XXX | XXX | XXX |
| Net Margin | 8% | 9% | XXX | XXX | XXX |
| Net Debt | $5.8B | $6.0B | XXX | XXX | XXX |
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As of April 15, 2025, Towngas's stock price is HKD 7 (or $1).
Towngas has current market cap of HKD 125B (or $16.1B), and EV of HKD 176B (or $22.7B).
See Towngas trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $22.7B | $16.1B | XXX | XXX | XXX | XXX | $0.04 |
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Sign UpAs of April 15, 2025, Towngas has market cap of $16.1B and EV of $22.7B.
Towngas's trades at 3.1x LTM EV/Revenue multiple, and 13.6x LTM EBITDA.
Analysts estimate Towngas's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Towngas and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $22.7B | XXX | XXX | XXX |
| EV/Revenue | 3.1x | XXX | XXX | XXX |
| EV/EBITDA | 11.8x | XXX | XXX | XXX |
| P/E | 20.3x | XXX | XXX | XXX |
| P/E/Growth | 5.0x | XXX | XXX | XXX |
| EV/FCF | 70.3x | XXX | XXX | XXX |
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Sign UpTowngas's NTM/LTM revenue growth is 4%
Towngas's revenue per employee for the last fiscal year averaged $3.4M, while opex per employee averaged $0.8M for the same period.
Over next 12 months, Towngas'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 Towngas's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Towngas and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -7% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 30% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $3.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.8M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 24% | 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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Towngas acquired XXX companies to date.
Last acquisition by Towngas was XXXXXXXX, XXXXX XXXXX XXXXXX . Towngas 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 Towngas founded? | Towngas was founded in 1982. |
| Where is Towngas headquartered? | Towngas is headquartered in Hong Kong. |
| How many employees does Towngas have? | As of today, Towngas has 2.1K+ employees. |
| Is Towngas publicy listed? | Yes, Towngas is a public company listed on HKG. |
| 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? | Similar companies to Towngas include e.g. TAQA, New Sources Energy, AGL Energy, APA Group. |
| What is the current market cap of Towngas? | Towngas's current market cap is $16.1B |
| What is the current revenue of Towngas? | Towngas's last 12-month revenue is $7.2B. |
| What is the current EBITDA of Towngas? | Towngas's last 12-month EBITDA is $1.7B. |
| What is the current EV/Revenue multiple of Towngas? | Current revenue multiple of Towngas is 3.1x. |
| What is the current EV/EBITDA multiple of Towngas? | Current EBITDA multiple of Towngas is 13.6x. |
| What is the current revenue growth of Towngas? | Towngas revenue growth between 2023 and 2024 was -7%. |
| Is Towngas profitable? | Yes, Towngas is EBITDA-positive (as of the last 12 months). |
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