CK HUTCHISON HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 38.25 HKD | +0.13% |
|
+6.69% | -8.60% |
| Apr. 24 | CK Hutchison International raises $2 billion in bonds, term sheet says | RE |
| Apr. 12 | UK Competition Regulator Sets Timeline for Vodafone, CK Hutchison JV Probe | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 286,519 | 208,623 | 192,882 | 179,438 | 160,287 | 146,499 | - | - |
| Enterprise Value (EV) 1 | 489,167 | 393,726 | 361,051 | 328,246 | 292,097 | 283,391 | 260,191 | 258,951 |
| P/E ratio | 7.19 x | 7.16 x | 5.78 x | 4.9 x | 6.82 x | 5.55 x | 4.92 x | 4.79 x |
| Yield | 4.27% | 4.28% | 5.29% | 6.25% | 6.05% | 6.86% | 7.91% | 8.75% |
| Capitalization / Revenue | 0.65 x | 0.52 x | 0.43 x | 0.39 x | 0.35 x | 0.34 x | 0.33 x | 0.36 x |
| EV / Revenue | 1.11 x | 0.97 x | 0.81 x | 0.72 x | 0.63 x | 0.66 x | 0.59 x | 0.63 x |
| EV / EBITDA | 5 x | 3.22 x | 2.66 x | 2.31 x | 2.29 x | 5.12 x | 4.39 x | 4.25 x |
| EV / FCF | 14.9 x | 8.55 x | 28.8 x | 10.6 x | 11.2 x | 7.78 x | 5.8 x | - |
| FCF Yield | 6.72% | 11.7% | 3.47% | 9.4% | 8.95% | 12.8% | 17.2% | - |
| Price to Book | 0.62 x | 0.42 x | 0.37 x | 0.16 x | 0.29 x | 0.26 x | 0.24 x | 0.24 x |
| Nbr of stocks (in thousands) | 3,856,241 | 3,856,241 | 3,834,635 | 3,830,045 | 3,830,045 | 3,830,044 | - | - |
| Reference price 2 | 74.30 | 54.10 | 50.30 | 46.85 | 41.85 | 38.25 | 38.25 | 38.25 |
| Announcement Date | 3/19/20 | 3/18/21 | 3/17/22 | 3/16/23 | 3/21/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 439,856 | 403,846 | 445,383 | 457,229 | 461,558 | 426,164 | 439,670 | 411,710 |
| EBITDA 1 | 97,786 | 122,348 | 135,653 | 142,132 | 127,309 | 55,346 | 59,309 | 60,918 |
| EBIT 1 | 54,045 | 58,304 | 68,818 | 78,261 | 62,770 | 28,556 | 36,770 | 34,092 |
| Operating Margin | 12.29% | 14.44% | 15.45% | 17.12% | 13.6% | 6.7% | 8.36% | 8.28% |
| Earnings before Tax (EBT) 1 | 55,451 | 38,713 | 49,977 | 59,863 | 38,570 | 41,092 | 43,248 | 42,254 |
| Net income 1 | 39,888 | 29,143 | 33,484 | 36,680 | 23,500 | 26,416 | 29,729 | 30,437 |
| Net margin | 9.07% | 7.22% | 7.52% | 8.02% | 5.09% | 6.2% | 6.76% | 7.39% |
| EPS 2 | 10.33 | 7.560 | 8.700 | 9.570 | 6.140 | 6.896 | 7.777 | 7.987 |
| Free Cash Flow 1 | 32,884 | 46,067 | 12,541 | 30,862 | 26,136 | 36,403 | 44,865 | - |
| FCF margin | 7.48% | 11.41% | 2.82% | 6.75% | 5.66% | 8.54% | 10.2% | - |
| FCF Conversion (EBITDA) | 33.63% | 37.65% | 9.24% | 21.71% | 20.53% | 65.77% | 75.65% | - |
| FCF Conversion (Net income) | 82.44% | 158.07% | 37.45% | 84.14% | 111.22% | 137.81% | 150.91% | - |
| Dividend per Share 2 | 3.170 | 2.314 | 2.660 | 2.926 | 2.531 | 2.624 | 3.027 | 3.346 |
| Announcement Date | 3/19/20 | 3/18/21 | 3/17/22 | 3/16/23 | 3/21/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 222,794 | - | - | - | - | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | - | - | 18,420 | 59,841 | 29,613 | 33,157 | 13,993 | 14,564 |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 5.580 | 3.370 | 4.190 | 4.750 | 3.950 | 4.980 | 4.590 | 2.930 | 3.210 | 3.410 | 3.550 |
| Dividend per Share | - | - | - | 0.8000 | - | - | - | - | - | - | - |
| Announcement Date | 3/19/20 | 8/20/20 | 3/18/21 | 8/5/21 | 3/17/22 | 8/4/22 | 3/16/23 | 8/3/23 | 3/21/24 | - | - |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 202,648 | 185,103 | 168,169 | 148,808 | 131,810 | 136,892 | 113,692 | 112,452 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.072 x | 1.513 x | 1.24 x | 1.047 x | 1.035 x | 2.473 x | 1.917 x | 1.846 x |
| Free Cash Flow 1 | 32,884 | 46,067 | 12,541 | 30,862 | 26,136 | 36,403 | 44,865 | - |
| ROE (net income / shareholders' equity) | 8.76% | 6.08% | 6.49% | 6.96% | 4.37% | 4.67% | 5.3% | 4.92% |
| ROA (Net income/ Total Assets) | 3.27% | 2.36% | 2.71% | 3.11% | 2.04% | 4.45% | 3.38% | 2.4% |
| Assets 1 | 1,221,610 | 1,232,783 | 1,234,069 | 1,180,978 | 1,153,657 | 593,153 | 880,816 | 1,268,202 |
| Book Value Per Share 2 | 120.0 | 128.0 | 137.0 | 300.0 | 143.0 | 146.0 | 158.0 | 162.0 |
| Cash Flow per Share 2 | 18.00 | 19.00 | 13.60 | 14.80 | 13.40 | 15.70 | 16.10 | 16.20 |
| Capex 1 | 36,386 | 27,104 | 39,643 | 25,852 | 25,301 | 26,849 | 24,645 | 30,102 |
| Capex / Sales | 8.27% | 6.71% | 8.9% | 5.65% | 5.48% | 6.3% | 5.61% | 7.31% |
| Announcement Date | 3/19/20 | 3/18/21 | 3/17/22 | 3/16/23 | 3/21/24 | - | - | - |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
38.25
HKD
Average target price
57.72
HKD
Spread / Average Target
+50.89%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.60% | 18.71B | |
| -17.06% | 19.48B | |
| +6.67% | 10.35B | |
| +24.45% | 9.97B | |
| +897.50% | 2.44B | |
| 0.00% | 2.45B | |
| -2.75% | 1.67B | |
| -11.87% | 1.54B | |
| -52.38% | 623M | |
| +99.24% | 327M |
- Stock Market
- Equities
- 1 Stock
- Financials CK Hutchison Holdings Limited
