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Hong Kong (HSI) Utilities Sector Analysis

UpdatedDec 20, 2025
DataAggregated Company Financials
Companies58
  • 7D-0.9%
  • 3M0.9%
  • 1Y7.0%
  • YTD7.2%

Over the last 7 days, the Utilities industry has remained flat, although notably ENN Energy Holdings declined by 6.2%. As for the the longer term, the industry is up 7.0% over the past 12 months. Looking forward, earnings are forecast to grow by 7.6% annually.

Sector Valuation and Performance

Has the Hong Kong Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Dec 2025HK$1.7tHK$1.7tHK$129.2b9.1x13.3x1x
Mon, 17 Nov 2025HK$1.8tHK$1.7tHK$129.3b9.5x13.7x1.1x
Wed, 15 Oct 2025HK$1.7tHK$1.7tHK$126.2b9.8x13.6x1x
Fri, 12 Sep 2025HK$1.9tHK$1.8tHK$132.2b10.3x14.3x1x
Sun, 10 Aug 2025HK$1.9tHK$1.8tHK$134.0b10.2x14x1x
Tue, 08 Jul 2025HK$1.8tHK$1.8tHK$133.0b9.5x13.8x1x
Thu, 05 Jun 2025HK$1.8tHK$1.8tHK$133.0b8.9x13.5x1x
Sat, 03 May 2025HK$1.7tHK$1.8tHK$132.5b8.9x13x1x
Mon, 31 Mar 2025HK$1.7tHK$1.8tHK$133.3b8.7x12.6x0.9x
Wed, 26 Feb 2025HK$1.7tHK$1.8tHK$123.9b8.5x13.5x0.9x
Fri, 24 Jan 2025HK$1.6tHK$1.8tHK$119.6b7.8x13.6x0.9x
Sun, 22 Dec 2024HK$1.7tHK$1.8tHK$119.4b8.6x14.3x1x
Tue, 19 Nov 2024HK$1.7tHK$1.8tHK$120.1b8.4x14.1x0.9x
Thu, 17 Oct 2024HK$1.7tHK$1.8tHK$124.5b8.9x13.6x0.9x
Sat, 14 Sep 2024HK$1.6tHK$1.8tHK$124.9b7.8x13x0.9x
Mon, 12 Aug 2024HK$1.8tHK$1.8tHK$124.9b8.7x14.1x1x
Wed, 10 Jul 2024HK$1.8tHK$1.8tHK$124.7b9.2x14.4x1x
Fri, 07 Jun 2024HK$1.8tHK$1.8tHK$125.4b9.5x14.1x1x
Sun, 05 May 2024HK$1.7tHK$1.8tHK$125.6b9.1x13.3x0.9x
Tue, 02 Apr 2024HK$1.6tHK$1.8tHK$121.3b9x13.4x0.9x
Thu, 29 Feb 2024HK$1.6tHK$1.8tHK$120.8b8.6x13.6x0.9x
Sat, 27 Jan 2024HK$1.6tHK$1.8tHK$125.2b8.2x12.7x0.9x
Mon, 25 Dec 2023HK$1.5tHK$1.8tHK$125.2b8x12.2x0.8x
Wed, 22 Nov 2023HK$1.5tHK$1.8tHK$126.8b8x11.9x0.8x
Fri, 20 Oct 2023HK$1.5tHK$1.8tHK$114.9b8x12.8x0.8x
Sun, 17 Sep 2023HK$1.5tHK$1.8tHK$115.2b8.5x13.2x0.8x
Tue, 15 Aug 2023HK$1.6tHK$1.8tHK$108.2b9.9x15.1x0.9x
Thu, 13 Jul 2023HK$1.7tHK$1.8tHK$92.5b9.4x18.2x0.9x
Sat, 10 Jun 2023HK$1.7tHK$1.8tHK$95.2b9.8x17.7x0.9x
Mon, 08 May 2023HK$1.8tHK$1.9tHK$95.9b9.9x18.4x0.9x
Wed, 05 Apr 2023HK$1.6tHK$1.9tHK$90.4b10x18x0.9x
Fri, 03 Mar 2023HK$1.7tHK$1.8tHK$60.9b8.7x27.8x0.9x
Sun, 29 Jan 2023HK$1.8tHK$1.8tHK$59.1b8.8x29.7x1x
Tue, 27 Dec 2022HK$1.6tHK$1.8tHK$59.1b8.2x26.5x0.9x
Price to Earnings Ratio

26.5x


Total Market Cap: HK$1.6tTotal Earnings: HK$59.1bTotal Revenue: HK$1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Utilities Sector Price to Earnings3Y Average 15.3x202320242025
Current Industry PE
  • Investors are pessimistic on the Hong Kong Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 13.3x which is lower than its 3-year average PE of 15.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.93x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 30% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Hong Kong Utilities sector?

HK Market-1.02%
Utilities-0.89%
Electric Utilities1.72%
Water Utilities-0.48%
Other Utilities-0.82%
Renewable Energy-1.73%
Gas Utilities-2.41%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 17.5x.
    • Analysts are expecting annual earnings growth of 4.0%, which is lower than the prior year's growth of 9.3% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading close to its 3-year average of 3.9x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 10% over the next 5 years.
  • This is better than its past earnings decline of 6.7% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 4.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
1038 CK Infrastructure HoldingsHK$56.702.7%
+HK$3.8b
4.6%PE17.5x
2 CLP HoldingsHK$68.851.5%
+HK$2.7b
7.9%PE15.2x
6 Power Assets HoldingsHK$54.101.7%
+HK$1.9b
4.5%PE18.7x
371 Beijing Enterprises Water GroupHK$2.490.8%
+HK$200.9m
4.6%PE16.9x
3868 Xinyi Energy HoldingsHK$1.171.7%
+HK$170.4m
50.0%PE10.3x

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