Is Now An Opportune Moment To Examine CK Infrastructure Holdings Limited (HKG:1038)?
Dec 18
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Hong Kong (HSI) Electric Utilities Industry Analysis
UpdatedDec 30, 2024
DataAggregated Company Financials
Companies6
- 7D2.9%
- 3M1.5%
- 1Y14.2%
- YTD14.1%
Over the last 7 days, the Electric Utilities industry has risen 2.9%, driven by gains from CK Infrastructure Holdings of 5.1%. This takes the industry's 12 month performance to a gain of 14%. Earnings are forecast to grow by 7.4% annually.
Industry Valuation and Performance
Has the Hong Kong Electric Utilities Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Dec 2024 | HK$470.1b | HK$112.5b | HK$25.2b | 18.3x | 18.7x | 4.2x |
| Wed, 27 Nov 2024 | HK$457.4b | HK$112.6b | HK$25.2b | 17.4x | 18.2x | 4.1x |
| Fri, 25 Oct 2024 | HK$467.0b | HK$112.7b | HK$25.2b | 17.7x | 18.5x | 4.1x |
| Sun, 22 Sep 2024 | HK$483.0b | HK$112.7b | HK$25.2b | 18x | 19.2x | 4.3x |
| Tue, 20 Aug 2024 | HK$480.9b | HK$112.2b | HK$25.2b | 18.2x | 19.1x | 4.3x |
| Thu, 18 Jul 2024 | HK$435.4b | HK$112.0b | HK$24.2b | 16x | 18x | 3.9x |
| Sat, 15 Jun 2024 | HK$411.8b | HK$112.0b | HK$24.2b | 14.4x | 17x | 3.7x |
| Mon, 13 May 2024 | HK$427.8b | HK$112.0b | HK$24.2b | 15.7x | 17.7x | 3.8x |
| Wed, 10 Apr 2024 | HK$413.0b | HK$112.0b | HK$24.2b | 15.3x | 17.1x | 3.7x |
| Fri, 08 Mar 2024 | HK$425.9b | HK$112.2b | HK$23.4b | 14.6x | 18.2x | 3.8x |
| Sun, 04 Feb 2024 | HK$424.4b | HK$121.4b | HK$27.5b | 14.6x | 15.4x | 3.5x |
| Tue, 02 Jan 2024 | HK$411.6b | HK$121.5b | HK$27.5b | 14x | 14.9x | 3.4x |
| Thu, 30 Nov 2023 | HK$374.7b | HK$121.5b | HK$27.5b | 12.8x | 13.6x | 3.1x |
| Sat, 28 Oct 2023 | HK$359.9b | HK$121.3b | HK$27.5b | 12.5x | 13.1x | 3x |
| Mon, 25 Sep 2023 | HK$369.6b | HK$121.4b | HK$27.5b | 12.9x | 13.4x | 3x |
| Wed, 23 Aug 2023 | HK$366.0b | HK$121.0b | HK$27.5b | 12.8x | 13.3x | 3x |
| Fri, 21 Jul 2023 | HK$386.9b | HK$124.7b | HK$17.6b | 13.7x | 22x | 3.1x |
| Sun, 18 Jun 2023 | HK$384.2b | HK$124.7b | HK$17.6b | 13.9x | 21.8x | 3.1x |
| Tue, 16 May 2023 | HK$417.9b | HK$124.8b | HK$17.6b | 15.2x | 23.7x | 3.3x |
| Thu, 13 Apr 2023 | HK$394.9b | HK$124.9b | HK$17.6b | 14.6x | 22.4x | 3.2x |
| Sat, 11 Mar 2023 | HK$382.1b | HK$124.8b | HK$19.6b | 13.8x | 19.5x | 3.1x |
| Mon, 06 Feb 2023 | HK$404.7b | HK$115.1b | HK$17.7b | 13.6x | 22.9x | 3.5x |
| Wed, 04 Jan 2023 | HK$387.3b | HK$114.9b | HK$17.7b | 12.9x | 21.9x | 3.4x |
| Fri, 02 Dec 2022 | HK$383.1b | HK$114.9b | HK$17.7b | 12.2x | 21.7x | 3.3x |
| Sun, 30 Oct 2022 | HK$356.9b | HK$114.8b | HK$17.7b | 11.6x | 20.2x | 3.1x |
| Tue, 27 Sep 2022 | HK$404.2b | HK$115.1b | HK$17.3b | 12.7x | 23.4x | 3.5x |
| Thu, 25 Aug 2022 | HK$456.6b | HK$115.3b | HK$17.3b | 15.8x | 26.4x | 4x |
| Sat, 23 Jul 2022 | HK$460.9b | HK$109.1b | HK$25.0b | 18.6x | 18.4x | 4.2x |
| Mon, 20 Jun 2022 | HK$478.1b | HK$109.1b | HK$25.0b | 19.3x | 19.1x | 4.4x |
| Wed, 18 May 2022 | HK$520.4b | HK$109.1b | HK$25.0b | 20.9x | 20.8x | 4.8x |
| Fri, 15 Apr 2022 | HK$510.9b | HK$109.3b | HK$25.0b | 20.5x | 20.4x | 4.7x |
| Sun, 13 Mar 2022 | HK$501.3b | HK$108.9b | HK$25.1b | 17x | 20x | 4.6x |
| Tue, 08 Feb 2022 | HK$490.7b | HK$106.2b | HK$27.1b | 15.9x | 18.1x | 4.6x |
| Thu, 06 Jan 2022 | HK$492.8b | HK$106.2b | HK$27.1b | 16.1x | 18.2x | 4.6x |
Price to Earnings Ratio
18.2x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Electric Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 18.9x.
- The 3-year average PS ratio of 3.7x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
- The earnings for companies in the Electric Utilities industry have declined 2.4% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Utilities industry?
| HK Market | 2.11% | |
| Utilities | 1.44% | |
| Electric Utilities | 2.94% | |
| Electric Utilities | 2.94% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1038 CK Infrastructure Holdings | HK$57.60 | 3.0% +HK$4.3b | 33.3% | PE17.9x | |
| 6 Power Assets Holdings | HK$54.20 | 2.8% +HK$3.2b | 19.8% | PE19.1x | |
| 2 CLP Holdings | HK$64.95 | 0.6% +HK$1.0b | 0.8% | PE21.7x | |
| 2638 HK Electric Investments and HK Electric Investments | HK$5.31 | 1.0% +HK$441.8m | 12.7% | PE15x | |
| 362 China Zenith Chemical Group | HK$0.079 | 3.9% +HK$5.9m | -23.3% | PS4.9x |
