Snowflake Score | |
---|---|
Valuation | 0/6 |
Future Growth | 4/6 |
Past Performance | 3/6 |
Financial Health | 6/6 |
Dividends | 1/6 |
388 Stock Overview
Hong Kong Exchanges and Clearing Limited, together with its subsidiaries, owns and operates stock exchanges and futures exchanges, and related clearing houses in Hong Kong, Mainland China, and the United Kingdom.
Hong Kong Exchanges and Clearing Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | HK$341.40 |
52 Week High | HK$544.00 |
52 Week Low | HK$314.00 |
Beta | 0.96 |
1 Month Change | -0.12% |
3 Month Change | -21.95% |
1 Year Change | -24.83% |
3 Year Change | 36.78% |
5 Year Change | 75.17% |
Change since IPO | 3,032.11% |
Recent News & Updates
Shareholder Returns
388 | HK Capital Markets | HK Market | |
---|---|---|---|
7D | 4.9% | 3.2% | 2.8% |
1Y | -24.8% | -25.0% | -24.5% |
Return vs Industry: 388 matched the Hong Kong Capital Markets industry which returned -25% over the past year.
Return vs Market: 388 matched the Hong Kong Market which returned -24.5% over the past year.
Price Volatility
388 volatility | |
---|---|
388 Average Weekly Movement | 6.4% |
Capital Markets Industry Average Movement | 7.7% |
Market Average Movement | 8.1% |
10% most volatile stocks in HK Market | 15.1% |
10% least volatile stocks in HK Market | 3.9% |
Stable Share Price: 388 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 388's weekly volatility (6%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
n/a | 2,146 | Alejandro Nicolas Aguzin | https://www.hkex.com.hk |
Hong Kong Exchanges and Clearing Limited, together with its subsidiaries, owns and operates stock exchanges and futures exchanges, and related clearing houses in Hong Kong, Mainland China, and the United Kingdom. It operates through five segments: Cash, Equity and Financial Derivatives, Commodities, Post Trade, and Technology. The Cash segment covers various equity products traded on the cash market platforms of the Stock Exchange of Hong Kong Limited, the Shanghai Stock Exchange, and the Shenzhen Stock Exchange; sale of market data relating to the products; and other related activities.
Hong Kong Exchanges and Clearing Fundamentals Summary
388 fundamental statistics | |
---|---|
Market Cap | HK$430.26b |
Earnings (TTM) | HK$11.36b |
Revenue (TTM) | HK$19.53b |
38.0x
P/E Ratio22.1x
P/S RatioIs 388 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
388 income statement (TTM) | |
---|---|
Revenue | HK$19.53b |
Cost of Revenue | HK$782.00m |
Gross Profit | HK$18.75b |
Other Expenses | HK$7.38b |
Earnings | HK$11.36b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
Earnings per share (EPS) | 8.98 |
Gross Margin | 95.99% |
Net Profit Margin | 58.19% |
Debt/Equity Ratio | 0.9% |
How did 388 perform over the long term?
See historical performance and comparisonDividends
2.6%
Current Dividend Yield99%
Payout RatioValuation
Is Hong Kong Exchanges and Clearing undervalued compared to its fair value and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
38.02x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 388 (HK$341.4) is trading above our estimate of fair value (HK$259.17)
Significantly Below Fair Value: 388 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 388 is poor value based on its PE Ratio (38x) compared to the Hong Kong Capital Markets industry average (8.1x).
PE vs Market: 388 is poor value based on its PE Ratio (38x) compared to the Hong Kong market (8.8x).
Price to Earnings Growth Ratio
PEG Ratio: 388 is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: 388 is overvalued based on its PB Ratio (9.2x) compared to the HK Capital Markets industry average (0.5x).
Future Growth
How is Hong Kong Exchanges and Clearing forecast to perform in the next 1 to 3 years based on estimates from 30 analysts?
Future Growth Score
4/6Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
15.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 388's forecast earnings growth (15.2% per year) is above the savings rate (1.5%).
Earnings vs Market: 388's earnings (15.2% per year) are forecast to grow faster than the Hong Kong market (15% per year).
High Growth Earnings: 388's earnings are forecast to grow, but not significantly.
Revenue vs Market: 388's revenue (13.4% per year) is forecast to grow faster than the Hong Kong market (9.9% per year).
High Growth Revenue: 388's revenue (13.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 388's Return on Equity is forecast to be high in 3 years time (28.1%)
Past Performance
How has Hong Kong Exchanges and Clearing performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
13.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 388 has high quality earnings.
Growing Profit Margin: 388's current net profit margins (58.2%) are lower than last year (62.4%).
Past Earnings Growth Analysis
Earnings Trend: 388's earnings have grown by 13% per year over the past 5 years.
Accelerating Growth: 388's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 388 had negative earnings growth (-13.1%) over the past year, making it difficult to compare to the Capital Markets industry average (17.9%).
Return on Equity
High ROE: 388's Return on Equity (24%) is considered high.
Financial Health
How is Hong Kong Exchanges and Clearing's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 388's short term assets (HK$598.7B) exceed its short term liabilities (HK$572.1B).
Long Term Liabilities: 388's short term assets (HK$598.7B) exceed its long term liabilities (HK$3.3B).
Debt to Equity History and Analysis
Debt Level: 388 has more cash than its total debt.
Reducing Debt: 388's debt to equity ratio has reduced from 10% to 0.9% over the past 5 years.
Debt Coverage: 388's debt is well covered by operating cash flow (2889.9%).
Interest Coverage: 388's interest payments on its debt are well covered by EBIT (140.7x coverage).
Balance Sheet
Dividend
What is Hong Kong Exchanges and Clearing current dividend yield, its reliability and sustainability?
Dividend Score
1/6Dividend Score 1/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
2.60%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 388's dividend (2.6%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.81%).
High Dividend: 388's dividend (2.6%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.77%).
Stability and Growth of Payments
Stable Dividend: 388's dividend payments have been volatile in the past 10 years.
Growing Dividend: 388's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (98.7%), 388's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (99.6%), 388's dividend payments are not well covered by cash flows.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
Alejandro Nicolas Aguzin (52 yo)
1
Tenure
HK$75,184,956
Compensation
Mr. Alejandro Nicolas Aguzin serves as Member of Mainland China Advisory Group at Hong Kong Exchanges and Clearing Limited since July 8, 2021. He has been Chief Executive, Executive Director and Ex-Officio...
CEO Compensation Analysis
Compensation vs Market: Alejandro Nicolas's total compensation ($USD9.58M) is above average for companies of similar size in the Hong Kong market ($USD1.06M).
Compensation vs Earnings: Insufficient data to compare Alejandro Nicolas's compensation with company performance.
Leadership Team
Experienced Management: 388's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: 388's board of directors are considered experienced (4.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 388 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
Hong Kong Exchanges and Clearing Limited's employee growth, exchange listings and data sources
Key Information
- Name: Hong Kong Exchanges and Clearing Limited
- Ticker: 388
- Exchange: SEHK
- Founded: NaN
- Industry: Financial Exchanges and Data
- Sector: Diversified Financials
- Implied Market Cap: HK$430.258b
- Shares outstanding: 1.27b
- Website: https://www.hkex.com.hk
Number of Employees
Location
- Hong Kong Exchanges and Clearing Limited
- Two Exchange Square
- 8th Floor
- Central
- Hong Kong
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/05/18 00:00 |
End of Day Share Price | 2022/05/18 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
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.