CLP Holdings Limited

DB:CLP Stock Report

Market Cap: €20.2b

CLP Holdings Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 CLP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CLP (€7.9) is trading below our estimate of fair value (€12.66)

Significantly Below Fair Value: CLP is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CLP. This is calculated by dividing CLP's market cap by their current earnings.
What is CLP's PE Ratio?
PE Ratio21.8x
EarningsHK$7.55b
Market CapHK$164.35b

Price to Earnings Ratio vs Peers

How does CLP's PE Ratio compare to its peers?

The above table shows the PE ratio for CLP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.1x
EBK EnBW Energie Baden-Württemberg
28.6xn/a€17.2b
LEC Lechwerke
26.1xn/a€2.5b
RWE RWE
8.1x-11.1%€22.9b
EOAN E.ON
17.5x8.9%€31.5b
CLP CLP Holdings
21.8x11.5%€164.3b

Price-To-Earnings vs Peers: CLP is expensive based on its Price-To-Earnings Ratio (21.8x) compared to the peer average (20.1x).

Price to Earnings Ratio vs Industry

How does CLP's PE Ratio compare vs other companies in the European Electric Utilities Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CLP 21.8xIndustry Avg. 12.6xNo. of Companies10PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CLP is expensive based on its Price-To-Earnings Ratio (21.8x) compared to the European Electric Utilities industry average (12.7x).

Price to Earnings Ratio vs Fair Ratio

What is CLP'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.

CLP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.8x
Fair PE Ratio21.8x

Price-To-Earnings vs Fair Ratio: CLP is good value based on its Price-To-Earnings Ratio (21.8x) compared to the estimated Fair Price-To-Earnings Ratio (21.8x).

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 CLP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€7.90
€9.03
+14.3%
6.5%€9.81€7.84n/a10
Nov ’25€7.70
€8.57
+11.3%
6.4%€9.37€7.50n/a9
Oct ’25€7.70
€8.40
+9.1%
6.8%€9.19€7.36n/a8
Sep ’25€7.95
€8.64
+8.7%
7.0%€9.39€7.51n/a7
Aug ’25€7.95
€8.27
+4.1%
7.5%€9.18€7.42n/a7
Jul ’25€7.35
€8.37
+13.9%
8.0%€9.39€7.39n/a8
Jun ’25€7.35
€8.41
+14.4%
8.0%€9.49€7.48n/a8
May ’25€7.35
€8.32
+13.2%
7.7%€9.43€7.42n/a8
Apr ’25€7.25
€8.32
+14.8%
7.7%€9.43€7.42n/a8
Mar ’25€7.55
€8.32
+10.2%
7.7%€9.43€7.42n/a8
Feb ’25€7.65
€8.04
+5.1%
10.9%€9.44€6.72n/a7
Jan ’25€7.20
€7.90
+9.8%
10.4%€9.52€6.78n/a8
Dec ’24€6.80
€7.92
+16.4%
15.3%€10.08€6.45n/a8
Nov ’24€6.80
€8.20
+20.6%
15.3%€10.45€6.68€7.708
Oct ’24€6.85
€8.04
+17.3%
13.8%€10.04€6.42€7.708
Sep ’24€7.05
€8.04
+14.0%
13.8%€10.04€6.42€7.958
Aug ’24€7.35
€7.84
+6.6%
15.9%€10.08€5.86€7.959
Jul ’24€7.10
€7.84
+10.4%
15.9%€10.08€5.86€7.359
Jun ’24€6.80
€7.73
+13.6%
16.8%€10.16€5.91€7.359
May ’24€6.75
€7.81
+15.7%
17.9%€10.34€6.01€7.359
Apr ’24€6.60
€7.81
+18.3%
17.9%€10.34€6.01€7.259
Mar ’24€6.70
€7.81
+16.5%
17.9%€10.34€6.01€7.559
Feb ’24€6.80
€7.90
+16.1%
18.8%€10.11€5.64€7.659
Jan ’24€6.80
€8.94
+31.4%
19.5%€10.87€6.07€7.209
Dec ’23€7.05
€8.94
+26.8%
19.5%€10.87€6.07€6.809
Nov ’23€6.75
€8.94
+32.4%
19.5%€10.87€6.07€6.809

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

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