CK Asset Holdings Limited

DB:1CK Stock Report

Market Cap: €13.2b

CK Asset Holdings Valuation

Is 1CK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1CK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1CK (€3.63) is trading below our estimate of fair value (€4.05)

Significantly Below Fair Value: 1CK is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1CK?

Key metric: As 1CK is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1CK. This is calculated by dividing 1CK's market cap by their current earnings.
What is 1CK's PE Ratio?
PE Ratio6.8x
EarningsHK$15.61b
Market CapHK$106.74b

Price to Earnings Ratio vs Peers

How does 1CK's PE Ratio compare to its peers?

The above table shows the PE ratio for 1CK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.1x
INS Instone Real Estate Group
26.4x37.9%€373.4m
CRZK CR Energy
9.2x50.1%€114.1m
EMAARDEV Emaar Development PJSC
7x14.1%د.إ50.0b
688 China Overseas Land & Investment
5.6x6.0%HK$135.1b
1CK CK Asset Holdings
6.8x0.9%€106.7b

Price-To-Earnings vs Peers: 1CK is good value based on its Price-To-Earnings Ratio (6.8x) compared to the peer average (12.1x).

Price to Earnings Ratio vs Industry

How does 1CK's PE Ratio compare vs other companies in the DE Real Estate Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GTY Gateway Real Estate
0.4xn/aUS$85.35m
ADJ Adler Group
0.05xn/aUS$49.44m
AAA A.A.A. Allgemeine Anlageverwaltung
2.6xn/aUS$47.44m
N9H Global Connectivity
0.1xn/aUS$1.70m
No more companies available in this PE range
1CK 6.8xIndustry Avg. 18.0xNo. of Companies4PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1CK is good value based on its Price-To-Earnings Ratio (6.8x) compared to the European Real Estate industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is 1CK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1CK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.8x
Fair PE Ratio18.5x

Price-To-Earnings vs Fair Ratio: 1CK is good value based on its Price-To-Earnings Ratio (6.8x) compared to the estimated Fair Price-To-Earnings Ratio (18.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 1CK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.63
€4.39
+21.1%
12.2%€5.47€3.44n/a13
Dec ’25€3.75
€4.38
+16.7%
12.2%€5.43€3.41n/a13
Nov ’25€3.67
€4.35
+18.4%
12.6%€5.31€3.33n/a13
Oct ’25€3.77
€4.11
+9.0%
11.6%€4.73€3.23n/a12
Sep ’25€3.53
€4.11
+16.4%
11.6%€4.73€3.23n/a12
Aug ’25€3.38
€4.42
+30.7%
10.7%€5.32€3.67n/a12
Jul ’25€3.32
€4.70
+41.7%
11.3%€5.58€3.81n/a12
Jun ’25€3.51
€4.68
+33.2%
11.3%€5.55€3.79n/a12
May ’25€3.84
€4.81
+25.2%
12.9%€5.86€3.83n/a12
Apr ’25€3.94
€4.88
+23.9%
12.5%€5.78€4.07n/a12
Mar ’25€4.00
€5.47
+36.9%
10.8%€6.27€4.49n/a12
Feb ’25€3.96
€5.63
+42.2%
11.6%€6.67€4.73n/a11
Jan ’25€4.28
€5.67
+32.6%
10.9%€6.56€4.65n/a11
Dec ’24€4.20
€6.12
+45.8%
15.1%€8.56€4.83€3.7512
Nov ’24€4.62
€6.12
+32.5%
15.1%€8.56€4.83€3.6712
Oct ’24€4.84
€6.43
+32.9%
13.7%€8.50€5.28€3.7712
Sep ’24€4.76
€6.52
+36.9%
13.5%€8.32€5.40€3.5312
Aug ’24€5.10
€6.65
+30.4%
12.2%€8.21€5.44€3.3812
Jul ’24€5.05
€6.85
+35.7%
11.9%€8.32€5.52€3.3212
Jun ’24€5.10
€7.01
+37.5%
11.0%€8.46€5.71€3.5112
May ’24€5.25
€6.83
+30.0%
10.7%€8.17€5.52€3.8413
Apr ’24€5.42
€7.02
+29.5%
10.8%€8.39€5.67€3.9413
Mar ’24€5.87
€6.98
+18.9%
11.2%€8.00€5.71€4.0013
Feb ’24€5.73
€6.92
+20.7%
11.2%€7.95€5.67€3.9613
Jan ’24€5.54
€6.86
+23.8%
12.4%€8.03€5.26€4.2813
Dec ’23€5.54
€7.21
+30.1%
12.1%€8.32€5.46€4.2013

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 05:11
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

CK Asset Holdings Limited is covered by 32 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
C WongBNP Paribas Securities (Asia)
Alfred LauBOCOM International Securities Limited
Karl ChoiBofA Global Research