CK Infrastructure Holdings Limited

LSE:CKI Stock Report

Market Cap: UK£13.9b

CK Infrastructure Holdings Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: CKI (£5.58) is trading above our estimate of fair value (£2.57)

Significantly Below Fair Value: CKI is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CKI. This is calculated by dividing CKI's market cap by their current earnings.
What is CKI's PE Ratio?
PE Ratio16.8x
EarningsHK$8.10b
Market CapHK$136.44b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CKI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.3x
SSE SSE
9.9x5.1%UK£18.8b
JEL Jersey Electricity
11.7x-8.8%UK£131.8m
UU. United Utilities Group
66.1x24.9%UK£7.4b
SVT Severn Trent
57.6x26.5%UK£8.1b
CKI CK Infrastructure Holdings
16.8x5.9%UK£136.4b

Price-To-Earnings vs Peers: CKI is good value based on its Price-To-Earnings Ratio (16.8x) compared to the peer average (36.3x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CKI 16.8xIndustry Avg. 12.6xNo. of Companies10PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CKI is expensive based on its Price-To-Earnings Ratio (16.8x) compared to the European Electric Utilities industry average (12.6x).

Price to Earnings Ratio vs Fair Ratio

What is CKI'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.

CKI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CKI's Price-To-Earnings Fair Ratio for valuation analysis.

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 CKI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£5.58
UK£6.28
+12.7%
13.5%UK£7.44UK£4.18n/a10
Nov ’25UK£5.42
UK£6.12
+12.8%
13.5%UK£7.24UK£4.07n/a10
Oct ’25UK£5.35
UK£5.89
+10.1%
12.9%UK£7.04UK£3.96n/a10
Sep ’25UK£5.71
UK£5.81
+1.8%
13.2%UK£7.16UK£4.02n/a10
Aug ’25n/a
UK£5.33
0%
14.7%UK£7.22UK£4.06n/a10
Jul ’25n/a
UK£5.33
0%
13.9%UK£7.29UK£4.10n/a11
Jun ’25n/a
UK£5.45
0%
13.6%UK£7.45UK£4.29n/a11
May ’25n/a
UK£5.45
0%
13.6%UK£7.45UK£4.29n/a11
Apr ’25n/a
UK£5.39
0%
13.5%UK£7.38UK£4.24n/a11
Mar ’25n/a
UK£5.15
0%
7.4%UK£5.67UK£4.28n/a10
Feb ’25n/a
UK£5.04
0%
7.0%UK£5.45UK£4.24n/a9
Jan ’25n/a
UK£4.90
0%
10.6%UK£5.82UK£4.01n/a9
Dec ’24n/a
UK£5.28
0%
12.0%UK£6.24UK£4.23n/a9
Nov ’24n/a
UK£5.28
0%
12.0%UK£6.24UK£4.23UK£5.429
Oct ’24n/a
UK£5.36
0%
9.5%UK£6.18UK£4.40UK£5.359
Sep ’24n/a
UK£5.22
0%
7.1%UK£5.91UK£4.71UK£5.719
Aug ’24n/a
UK£5.32
0%
6.0%UK£5.92UK£5.01n/a9
Jul ’24n/a
UK£5.39
0%
5.3%UK£5.95UK£5.04n/a10
Jun ’24n/a
UK£5.40
0%
5.3%UK£5.96UK£5.05n/a10
May ’24n/a
UK£5.60
0%
5.6%UK£6.20UK£5.26n/a10
Apr ’24n/a
UK£5.60
0%
5.6%UK£6.20UK£5.26n/a10
Mar ’24n/a
UK£5.59
0%
6.0%UK£6.11UK£5.18n/a10
Feb ’24n/a
UK£5.59
0%
6.0%UK£6.11UK£5.18n/a10
Jan ’24n/a
UK£5.61
0%
7.7%UK£6.18UK£4.93n/a9
Dec ’23n/a
UK£5.72
0%
7.8%UK£6.19UK£4.93n/a9
Nov ’23n/a
UK£6.09
0%
8.3%UK£6.68UK£5.15n/a10

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

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