Hong Kong and China Gas CoFRA:HCG -2.01%84 EV-to-FCF is 35.03 as of Jul. 01, 2026, which is 66% below its 10-year median of 103.98. GuruFocus rates FRA:HCG with a GF Score™ of 84/100 and a GF Value™ of €0.68 (Fairly Valued). The stock has 7 warning signs investors should review. Among 296 Utilities - Regulated companies, Hong Kong and China Gas Co ranks worse than 71.28% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Hong Kong and China Gas Co's Enterprise Value is €20,844 Mil.
Hong Kong and China Gas Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €595 Mil. Therefore, Hong Kong and China Gas Co's EV-to-FCF for today is 35.03.
The historical rank and industry rank for Hong Kong and China Gas Co's EV-to-FCF or its related term are showing as below:
FRA:HCG'
s EV-to-FCF Range Over the Past 10 Years
Min: 35.05 Med: 103.98 Max: 156.09
Current: 35.05
During the past 13 years, the highest EV-to-FCF of Hong Kong and China Gas Co was 156.09. The lowest was 35.05. And the median was 103.98.
FRA:HCG's EV-to-FCF is ranked worse than 71.28% of 296
companies
in the Utilities - Regulated industry
Industry Median: 18.545
vs FRA:HCG: 35.05
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Hong Kong and China Gas Co (FRA:HCG) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Hong Kong and China Gas Co's PE Ratio (TTM) for today is calculated as:
Hong Kong and China Gas Co's share price for today is €0.72.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Hong Kong and China Gas Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.033.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Hong Kong and China Gas Co EV-to-FCF Related Terms
Hong Kong and China Gas Co EV-to-FCF Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Utilities - Regulated Gas subindustry, Hong Kong and China Gas Co's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hong Kong and China Gas Co EV-to-FCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hong Kong and China Gas Co's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Hong Kong and China Gas Co's EV-to-FCF falls into.
Hong Kong and China Gas Co's current Enterprise Value is €20,844 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Hong Kong and China Gas Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €595 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hong Kong and China Gas Co (FRA:HCG) has a EV-to-FCF of 35.03 as of Jul. 01, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Hong Kong and China Gas Co and its competitors. This is 66% below median its historical median of 103.98. Over the past decade, Hong Kong and China Gas Co's EV-to-FCF has ranged from 35.05 to 156.09. According to the industry distribution chart, Hong Kong and China Gas Co ranks #211 out of 296 companies in the Utilities - Regulated industry, placing it in the top 71.3%.
Is Hong Kong and China Gas Co's EV-to-FCF too high?
Hong Kong and China Gas Co's current EV-to-FCF of 35.03 is 66% below median its 10-year median of 103.98. Over the past 10 years, this metric has ranged from a low of 35.05 to a high of 156.09. The Utilities - Regulated industry median EV-to-FCF is 18.55. Hong Kong and China Gas Co's value of 35.03 is 88.9% above this industry median. Based on the distribution chart, Hong Kong and China Gas Co ranks #211 out of 296 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Hong Kong and China Gas Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong and China Gas Co's EV-to-FCF compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hong Kong and China Gas Co ranks #211 out of 296 companies for EV-to-FCF. This places Hong Kong and China Gas Co in the lower half of its industry. The industry median EV-to-FCF is 18.55. Hong Kong and China Gas Co's value of 35.03 is 88.9% above this benchmark. Historically, Hong Kong and China Gas Co's own EV-to-FCF has ranged from 35.05 to 156.09 over the past decade. While the company's 10-year median is 103.98 vs. the industry median of 18.55, Hong Kong and China Gas Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Utilities - Regulated company?
The median EV-to-FCF among Utilities - Regulated companies is 18.55, based on 296 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hong Kong and China Gas Co's current EV-to-FCF of 35.03 is 88.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Hong Kong and China Gas Co and its competitors. For the Utilities - Regulated industry, the median EV-to-FCF is 18.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Kong and China Gas Co's current EV-to-FCF is 35.03, which is 66% below median its own 10-year median of 103.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Kong and China Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong and China Gas Co (FRA:HCG) is currently considered Fairly Valued. The stock's GF Value™ is €0.68, compared to a current price of €0.72 — trading 5.9% above its estimated fair value. The current EV-to-FCF is 35.03, which is 66% below median its 10-year median of 103.98 and 88.9% above the Utilities - Regulated industry median of 18.55. Hong Kong and China Gas Co's overall GF Score™ is 84/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Hong Kong and China Gas Co (FRA:HCG), the current EV-to-FCF is 35.03 as of Jul. 01, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hong Kong and China Gas Co (FRA:HCG) Overvalued in 2026?
Based on GuruFocus' analysis, Hong Kong and China Gas Co stock appears to be overvalued.
The current stock price of €0.72 is trading 5.9% above its estimated GF Value™ of €0.68.
GuruFocus considers Hong Kong and China Gas Co to be Fairly Valued.
Key valuation signals for FRA:HCG:
EV-to-FCF: 35.03 (66% below median its 10-year median of 103.98)
GF Value™: €0.68 vs. price of €0.72 (5.9% above fair value)
Industry Position: 88.9% above the Utilities - Regulated median (#211 of 296)
No single metric tells the full story. See the FRA:HCG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. The Group's principal activities are the production, distribution, and marketing of gas and related products or services, water supply and waste treatment, renewable energy businesses, extended businesses, and fuels businesses (Green Fuels) in Hong Kong and the Chinese mainland. The company operates in three segments: Gas, water and waste treatment, renewable energy, extended businesses, and related businesses, Green Fuels, and Property.
84GF Score
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EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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