An Intrinsic Calculation For CK Infrastructure Holdings Limited (HKG:1038) Suggests It's 35% Undervalued
Does the November share price for CK Infrastructure Holdings Limited ( HKG:1038 ) reflect what it's really worth...
Has the Hong Kong Electric Utilities Industry valuation changed over the past few years?
|Tue, 30 Nov 2021||HK$481.7b||HK$106.2b||HK$27.1b||15.8x|
|Thu, 28 Oct 2021||HK$474.5b||HK$106.5b||HK$26.7b||15.5x|
|Sat, 25 Sep 2021||HK$465.7b||HK$106.4b||HK$26.7b||14.9x|
|Mon, 23 Aug 2021||HK$499.0b||HK$106.4b||HK$26.7b||16.4x|
|Sat, 10 Jul 2021||HK$484.3b||HK$106.4b||HK$26.7b||15.8x|
|Fri, 02 Apr 2021||HK$475.8b||HK$104.8b||HK$27.1b||15.7x|
|Mon, 04 Jan 2021||HK$445.1b||HK$103.3b||HK$27.6b||14.5x|
|Thu, 08 Oct 2020||HK$432.1b||HK$103.3b||HK$27.2b||13.6x|
|Wed, 01 Jul 2020||HK$456.6b||HK$103.2b||HK$26.9b||14.8x|
|Sat, 04 Apr 2020||HK$452.0b||HK$106.2b||HK$25.5b||13.6x|
|Tue, 07 Jan 2020||HK$538.8b||HK$109.2b||HK$24.2b||15.9x|
|Mon, 30 Sep 2019||HK$521.7b||HK$110.8b||HK$24.7b||14.5x|
|Thu, 04 Jul 2019||HK$571.3b||HK$112.6b||HK$25.3b||15.9x|
|Sun, 07 Apr 2019||HK$582.3b||HK$114.0b||HK$30.0b||15.6x|
|Wed, 09 Jan 2019||HK$561.7b||HK$115.3b||HK$34.7b||14.8x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 15.1x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Electric Utilities industry have declined 9.2% per year over the last three years, and revenues have also declined 2.6% per year. This means overall sales from these companies are declining and profits are subsequently falling as well.
Which industries have driven the changes within the Hong Kong Electric Utilities industry?
Industry PE: Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 15.1x. However analysts are expecting annual earnings growth of 5.7%, which is lower than the prior year's growth of 7.3% per year. So the market might believe that analysts are underestimating future growth.
Forecasted Growth: Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 5.7% over the next 5 years. However this is lower than its past earnings growth rate of 7.3% per year.
Which companies have driven the market over the last 7 days?
|2 CLP Holdings||0.7%+HK$1.3b||4.7%||PE19.2x|
CK Infrastructure Holdings
Xinyang Maojian Group
Power Assets Holdings