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CK Hutchison HoldingsSEHK:1 Stock Report

Last Price

HK$55.45

Market Cap

HK$210.7b

7D

2.6%

1Y

-3.0%

Updated

17 Jan, 2022

Data

Company Financials +
1 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance1/6
Financial Health5/6
Dividends3/6

1 Stock Overview

CK Hutchison Holdings Limited, an investment holding company, operates in ports and related services, retail, infrastructure, energy, and telecommunications businesses worldwide.

CK Hutchison Holdings Competitors

Vodafone Group

LSE:VOD

UK£32.1b

Sun Hung Kai Properties

SEHK:16

HK$273.6b

CK Asset Holdings

SEHK:1113

HK$189.1b

Henderson Land Development

SEHK:12

HK$161.9b

Price History & Performance

Summary of all time highs, changes and price drops for CK Hutchison Holdings
Historical stock prices
Current Share PriceHK$55.45
52 Week HighHK$65.80
52 Week LowHK$48.80
Beta1.15
1 Month Change11.23%
3 Month Change4.03%
1 Year Change-2.97%
3 Year Change-30.25%
5 Year Change-39.33%
Change since IPO180.05%

Recent News & Updates

Jan 10
CK Hutchison Holdings (HKG:1) Could Be At Risk Of Shrinking As A Company

CK Hutchison Holdings (HKG:1) Could Be At Risk Of Shrinking As A Company

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...

Nov 28
Why CK Hutchison Holdings Limited (HKG:1) Could Be Worth Watching

Why CK Hutchison Holdings Limited (HKG:1) Could Be Worth Watching

Let's talk about the popular CK Hutchison Holdings Limited ( HKG:1 ). The company's shares saw significant share price...

Nov 11
Does CK Hutchison Holdings (HKG:1) Have A Healthy Balance Sheet?

Does CK Hutchison Holdings (HKG:1) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Oct 07
Here's What's Concerning About CK Hutchison Holdings' (HKG:1) Returns On Capital

Here's What's Concerning About CK Hutchison Holdings' (HKG:1) Returns On Capital

What underlying fundamental trends can indicate that a company might be in decline? More often than not, we'll see a...

Shareholder Returns

1HK IndustrialsHK Market
7D2.6%3.8%3.2%
1Y-3.0%6.4%-11.9%

Return vs Industry: 1 underperformed the Hong Kong Industrials industry which returned 6.4% over the past year.

Return vs Market: 1 exceeded the Hong Kong Market which returned -11.9% over the past year.

Price Volatility

Is 1's price volatile compared to industry and market?
1 volatility
1 Average Weekly Movement2.2%
Industrials Industry Average Movement3.4%
Market Average Movement6.7%
10% most volatile stocks in HK Market13.1%
10% least volatile stocks in HK Market3.0%

Stable Share Price: 1 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 1's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1828172,907Victor Lihttps://www.ckh.com.hk

CK Hutchison Holdings Limited, an investment holding company, operates in ports and related services, retail, infrastructure, energy, and telecommunications businesses worldwide. The company invests in, develops, and operates ports, which operate 283 berths in 52 ports spanning 26 countries; and provides logistics and transportation-related services, such as cruise ship terminals, airport operations, distribution centers, rail services, and ship repair facilities. It also operates a network of 16,167 retail stores that offer personal care, health and beauty products, food and fine wines, consumer electronics, and electrical appliances in Asia and Europe, as well as operates supermarkets; and manufactures and distributes bottled water and beverages under the Watsons Water and Mr. Juicy brands in Hong Kong and Mainland China.

CK Hutchison Holdings Fundamentals Summary

How do CK Hutchison Holdings's earnings and revenue compare to its market cap?
1 fundamental statistics
Market CapHK$210.71b
Earnings (TTM)HK$34.44b
Revenue (TTM)HK$277.24b

6.2x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1 income statement (TTM)
RevenueHK$277.24b
Cost of RevenueHK$106.92b
Gross ProfitHK$170.32b
ExpensesHK$135.88b
EarningsHK$34.44b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)8.98
Gross Margin61.43%
Net Profit Margin12.42%
Debt/Equity Ratio55.1%

How did 1 perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

28%

Payout Ratio

Valuation

Is CK Hutchison Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1 (HK$55.45) is trading below our estimate of fair value (HK$164.3)

Significantly Below Fair Value: 1 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1 is poor value based on its PE Ratio (6.2x) compared to the Hong Kong Industrials industry average (6x).

PE vs Market: 1 is good value based on its PE Ratio (6.2x) compared to the Hong Kong market (9.1x).


Price to Earnings Growth Ratio

PEG Ratio: 1 is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: 1's PB Ratio (0.4x) is in line with the HK Industrials industry average.


Future Growth

How is CK Hutchison Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

6.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1's forecast earnings growth (6.9% per year) is above the savings rate (1.5%).

Earnings vs Market: 1's earnings (6.9% per year) are forecast to grow slower than the Hong Kong market (16.4% per year).

High Growth Earnings: 1's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1's revenue (11.4% per year) is forecast to grow slower than the Hong Kong market (11.7% per year).

High Growth Revenue: 1's revenue (11.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1's Return on Equity is forecast to be low in 3 years time (6.8%).


Past Performance

How has CK Hutchison Holdings performed over the past 5 years?

0.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1 has a large one-off gain of HK$31.9B impacting its June 30 2021 financial results.

Growing Profit Margin: 1's current net profit margins (12.4%) are lower than last year (12.5%).


Past Earnings Growth Analysis

Earnings Trend: 1's earnings have grown by 0.5% per year over the past 5 years.

Accelerating Growth: 1's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1 had negative earnings growth (-0.2%) over the past year, making it difficult to compare to the Industrials industry average (53.2%).


Return on Equity

High ROE: 1's Return on Equity (6.6%) is considered low.


Financial Health

How is CK Hutchison Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1's short term assets (HK$262.6B) exceed its short term liabilities (HK$194.5B).

Long Term Liabilities: 1's short term assets (HK$262.6B) do not cover its long term liabilities (HK$418.3B).


Debt to Equity History and Analysis

Debt Level: 1's net debt to equity ratio (26.8%) is considered satisfactory.

Reducing Debt: 1's debt to equity ratio has reduced from 61.1% to 55.1% over the past 5 years.

Debt Coverage: 1's debt is well covered by operating cash flow (20.7%).

Interest Coverage: 1's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


Dividend

What is CK Hutchison Holdings's current dividend yield, its reliability and sustainability?

4.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1's dividend (4.51%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.36%).

High Dividend: 1's dividend (4.51%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.96%).


Stability and Growth of Payments

Stable Dividend: 1's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28%), 1's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1's dividends in 3 years are forecast to be well covered by earnings (30.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.6yrs

Average management tenure


CEO

Victor Li (57 yo)

no data

Tenure

HK$60,380,000

Compensation

Mr. Li Tzar Kuoi, also known as Victor, B.Sc, M.Sc, LLD (Hon) has been the Chairman of CK Infrastructure Holdings Limited since May 29, 1996. Mr. Li is the Chairman and Group Co-Managing Director of CK Hut...


CEO Compensation Analysis

Compensation vs Market: Victor's total compensation ($USD7.76M) is above average for companies of similar size in the Hong Kong market ($USD1.23M).

Compensation vs Earnings: Victor's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 1's management team is seasoned and experienced (6.6 years average tenure).


Board Members

Experienced Board: 1's board of directors are seasoned and experienced ( 24.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CK Hutchison Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: CK Hutchison Holdings Limited
  • Ticker: 1
  • Exchange: SEHK
  • Founded: 1828
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Implied Market Cap: HK$210.713b
  • Shares outstanding: 3.83b
  • Website: https://www.ckh.com.hk

Number of Employees


Location

  • CK Hutchison Holdings Limited
  • Cheung Kong Center
  • 48th Floor
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 10:02
End of Day Share Price2022/01/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.