CK Infrastructure Holdings (1038) Stock Overview

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States. More details

1038 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	4/6
Financial Health	4/6
Dividends	4/6

Rewards

Price-To-Earnings ratio (6.6x) is below the Hong Kong market (10.8x)

Earnings grew by 208.7% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 35.3% per year for the next 3 years

Large one-off items impacting financial results

Dividend of 3.98% is not well covered by free cash flows

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CK Infrastructure Holdings Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for CK Infrastructure Holdings
Historical stock prices
Current Share Price	HK$65.55
52 Week High	HK$67.90
52 Week Low	HK$50.20
Beta	0.71
1 Month Change	-1.50%
3 Month Change	12.53%
1 Year Change	25.70%
3 Year Change	74.80%
5 Year Change	51.91%
Change since IPO	418.18%

Recent updates

Shareholder Returns

	1038	HK Electric Utilities	HK Market
7D	-0.5%	-1.6%	-0.7%
1Y	25.7%	18.4%	-6.1%

Return vs Industry: 1038 exceeded the Hong Kong Electric Utilities industry which returned 18.4% over the past year.

Return vs Market: 1038 exceeded the Hong Kong Market which returned -6.1% over the past year.

Price Volatility

Is 1038's price volatile compared to industry and market?
1038 volatility
1038 Average Weekly Movement	2.3%
Electric Utilities Industry Average Movement	2.4%
Market Average Movement	7.5%
10% most volatile stocks in HK Market	15.0%
10% least volatile stocks in HK Market	3.5%

Stable Share Price: 1038 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 1038's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1996	2,031	Hing Lam Kam	www.cki.com.hk

CK Infrastructure Holdings Limited, an infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States. The company invests in energy infrastructure, transportation infrastructure, water infrastructure, waste management, waste-to-energy, household infrastructure, project management, and infrastructure-related businesses. It is also involved in the production and laying of asphalt; manufacture, distribution, and sale of cement; and property investment, securities investment, and waste management activities.

CK Infrastructure Holdings Limited Fundamentals Summary

How do CK Infrastructure Holdings's earnings and revenue compare to its market cap?
1038 fundamental statistics
Market cap	HK$164.78b
Earnings (TTM)	HK$25.17b
Revenue (TTM)	HK$4.94b

6.6x

P/E Ratio

33.4x

P/S Ratio

Is 1038 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1038 income statement (TTM)
Revenue	HK$4.94b
Cost of Revenue	HK$4.04b
Gross Profit	HK$909.00m
Other Expenses	-HK$24.26b
Earnings	HK$25.17b

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	9.99
Gross Margin	18.39%
Net Profit Margin	509.08%
Debt/Equity Ratio	13.5%

How did 1038 perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

26%

Payout Ratio

Does 1038 pay a reliable dividends?

See 1038 dividend history and benchmarks

When do you need to buy 1038 by to receive an upcoming dividend?
CK Infrastructure Holdings dividend dates
Ex Dividend Date	Sep 09 2026
Dividend Pay Date	Sep 23 2026
Days until Ex dividend	13 days
Days until Dividend pay date	1 day

Does 1038 pay a reliable dividends?

See 1038 dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/21 15:34
End of Day Share Price	2026/09/21 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

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 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 Github.

Analyst Sources

CK Infrastructure Holdings Limited is covered by 26 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Dominic Nash	Barclays
Laura Marconi	Barclays
Cissy Guan	BofA Global Research

CK Infrastructure Holdings (1038) Stock Overview

Rewards

Risk Analysis

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CK Infrastructure Holdings Limited Competitors

Power Assets Holdings

CLP Holdings

HK Electric Investments and HK Electric Investments

Hong Kong and China Gas

Price History & Performance

Recent News & Updates

Upcoming dividend of HK$0.75 per share

Consensus EPS estimates increase by 52%, revenue downgraded

First half dividend increased to HK$0.75

CK Infrastructure Holdings Limited Announces Ordinary Interim (Semi-Annual) Dividend for the Six Months Ended June 30, 2026, Payable on September 23, 2026

First half 2026 earnings: EPS exceeds analyst expectations while revenues lag behind

CK Infrastructure Holdings Limited to Report Q2, 2026 Results on Aug 12, 2026

Recent updates

Upcoming dividend of HK$0.75 per share

Consensus EPS estimates increase by 52%, revenue downgraded

First half dividend increased to HK$0.75

CK Infrastructure Holdings Limited Announces Ordinary Interim (Semi-Annual) Dividend for the Six Months Ended June 30, 2026, Payable on September 23, 2026

First half 2026 earnings: EPS exceeds analyst expectations while revenues lag behind

CK Infrastructure Holdings Limited to Report Q2, 2026 Results on Aug 12, 2026

CK Infrastructure Holdings Limited Announces Appointment of Basilio Scarsella as Non-Executive Director, Effective July 17, 2026

Consensus EPS estimates increase by 17%, revenue downgraded

Upcoming dividend of HK$1.88 per share

Full year 2025 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates increase by 59%, revenue downgraded

New major risk - Revenue and earnings growth

Final dividend increased to HK$1.88

CK Infrastructure Holdings Limited Recommends Final Dividend for the Year 2025

Full year 2025 earnings released: EPS: HK$3.28 (vs HK$3.22 in FY 2024)

CK Infrastructure Holdings Limited, Annual General Meeting, May 20, 2026

CK Infrastructure Holdings Limited to Report Fiscal Year 2025 Results on Mar 18, 2026

CK Infrastructure Holdings Limited Announces Appointment of Koh Poh Wah as Independent Non-Executive Director and Audit Committee Member, Effective January 1, 2026

Upcoming dividend of HK$0.73 per share

First half dividend increased to HK$0.73

CK Infrastructure Holdings Limited Declares Interim Dividend for 2025, Payable on September 24, 2025

CK Infrastructure Holdings Limited to Report Q2, 2025 Results on Aug 13, 2025

Upcoming dividend of HK$1.86 per share

Consensus revenue estimates fall by 19%

CK Infrastructure Holdings Limited Proposes Final Dividend for the Year Ended December 31, 2024, Payable on 11 June 2025

Final dividend increased to HK$1.86

Full year 2024 earnings: EPS and revenues miss analyst expectations

CK Infrastructure Holdings Limited, Annual General Meeting, May 21, 2025

CK Infrastructure Holdings Limited to Report Fiscal Year 2024 Results on Mar 19, 2025

Thames Water Receives Buyout Offer from Investment Group Covalis Capital

Price target increased by 8.2% to HK$60.16

Upcoming dividend of HK$0.72 per share

First half 2024 earnings: EPS and revenues miss analyst expectations

First half dividend increased to HK$0.72

CK Infrastructure Holdings Limited (SEHK:1038), CK Asset Holdings Limited (SEHK:1113) and Power Assets Holdings Limited (SEHK:6) agreed to acquire 32 UK Wind Farms from Aviva Investors Global Services Ltd.

Price target increased by 9.1% to HK$59.34

First half 2024 earnings released: EPS: HK$1.71 (vs HK$1.68 in 1H 2023)

CK Infrastructure Holdings Limited to Report First Half, 2024 Results on Aug 14, 2024

Upcoming dividend of HK$1.85 per share

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

CK Infrastructure Holdings Limited, Annual General Meeting, May 22, 2024

Full year 2023 earnings released: EPS: HK$3.19 (vs HK$3.08 in FY 2022)

CK Infrastructure Holdings Limited Proposes Final Dividend for the Year Ended December 31, 2023, Payable on 12 June 2024

CK Infrastructure Holdings Limited to Report Q4, 2023 Results on Mar 20, 2024

CK Infrastructure Holdings Limited Announces Management Changes, Effective 10th February, 2024

Greencoat Reportedly Eyes Deal for Toucan Energy Services

Upcoming dividend of HK$0.71 per share at 6.6% yield

CK Infrastructure Holdings Limited Declares Interim Dividend for the Six Months Ended 30 June, 2023, Payable on 13 September 2023

First half 2023 earnings released: EPS: HK$1.68 (vs HK$1.75 in 1H 2022)

CK Infrastructure Holdings Limited Announces the Cessation of Chow Woo Mo Fong, Susan as Alternate Director, Effective July 1, 2023

CK Infrastructure Holdings Limited Elects Victor T K Li as Director

Upcoming dividend of HK$1.83 per share at 5.4% yield

Full year 2022 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of HK$0.70 per share

First half 2022 earnings released: EPS: HK$1.75 (vs HK$1.20 in 1H 2021)

Upcoming dividend of HK$1.81 per share

Now 20% undervalued

Full year 2021 earnings: EPS misses analyst expectations

Upcoming dividend of HK$0.69 per share

First half 2021 earnings released: EPS HK$1.20 (vs HK$1.14 in 1H 2020)

Upcoming dividend of HK$1.79 per share

Full year 2020 earnings released: EPS HK$2.91 (vs HK$4.17 in FY 2019)