CK Infrastructure Holdings Limited

SEHK:1038 Stock Report

Market Cap: HK$140.8b

CK Infrastructure Holdings Valuation

Is 1038 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 1038 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1038 (HK$56.5) is trading above our estimate of fair value (HK$27.21)

Significantly Below Fair Value: 1038 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1038?

Key metric: As 1038 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1038. This is calculated by dividing 1038's market cap by their current earnings.
What is 1038's PE Ratio?
PE Ratio17.6x
EarningsHK$8.10b
Market CapHK$140.85b

Price to Earnings Ratio vs Peers

How does 1038's PE Ratio compare to its peers?

The above table shows the PE ratio for 1038 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.4x
6 Power Assets Holdings
19x4.7%HK$112.3b
2 CLP Holdings
21.7x11.5%HK$163.1b
2638 HK Electric Investments and HK Electric Investments
14.9x4.3%HK$46.5b
1713 Sichuan Energy Investment Development
6.1xn/aHK$2.3b
1038 CK Infrastructure Holdings
17.6x5.9%HK$140.8b

Price-To-Earnings vs Peers: 1038 is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the peer average (15.4x).


Price to Earnings Ratio vs Industry

How does 1038's PE Ratio compare vs other companies in the Asian Electric Utilities Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1038 17.6xIndustry Avg. 17.9xNo. of Companies14PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1038 is good value based on its Price-To-Earnings Ratio (17.6x) compared to the Asian Electric Utilities industry average (17.7x).


Price to Earnings Ratio vs Fair Ratio

What is 1038'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.

1038 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.6x
Fair PE Ratio8.6x

Price-To-Earnings vs Fair Ratio: 1038 is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the estimated Fair Price-To-Earnings Ratio (8.6x).


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 1038 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$56.50
HK$61.51
+8.9%
12.9%HK$73.00HK$41.00n/a11
Dec ’25HK$53.60
HK$61.66
+15.0%
13.5%HK$73.00HK$41.00n/a10
Nov ’25HK$55.00
HK$61.66
+12.1%
13.5%HK$73.00HK$41.00n/a10
Oct ’25HK$53.20
HK$61.06
+14.8%
12.9%HK$73.00HK$41.00n/a10
Sep ’25HK$57.90
HK$59.31
+2.4%
13.2%HK$73.00HK$41.00n/a10
Aug ’25HK$53.60
HK$53.90
+0.6%
14.7%HK$73.00HK$41.00n/a10
Jul ’25HK$44.10
HK$53.31
+20.9%
13.9%HK$73.00HK$41.00n/a11
Jun ’25HK$45.10
HK$53.40
+18.4%
13.6%HK$73.00HK$42.00n/a11
May ’25HK$44.30
HK$53.40
+20.6%
13.6%HK$73.00HK$42.00n/a11
Apr ’25HK$45.80
HK$53.33
+16.4%
13.5%HK$73.00HK$42.00n/a11
Mar ’25HK$46.00
HK$50.50
+9.8%
7.4%HK$55.60HK$42.00n/a10
Feb ’25HK$46.50
HK$49.93
+7.4%
7.0%HK$54.00HK$42.00n/a9
Jan ’25HK$43.20
HK$48.84
+13.1%
10.6%HK$58.00HK$40.00n/a9
Dec ’24HK$37.65
HK$49.90
+32.5%
12.0%HK$59.00HK$40.00HK$53.609
Nov ’24HK$36.45
HK$49.90
+36.9%
12.0%HK$59.00HK$40.00HK$55.009
Oct ’24HK$37.05
HK$51.23
+38.3%
9.5%HK$59.00HK$42.00HK$53.209
Sep ’24HK$39.70
HK$52.12
+31.3%
7.1%HK$59.00HK$47.00HK$57.909
Aug ’24HK$41.40
HK$53.11
+28.3%
6.0%HK$59.00HK$50.00HK$53.609
Jul ’24HK$41.45
HK$53.40
+28.8%
5.3%HK$59.00HK$50.00HK$44.1010
Jun ’24HK$43.00
HK$53.44
+24.3%
5.3%HK$59.00HK$50.00HK$45.1010
May ’24HK$44.60
HK$53.24
+19.4%
5.6%HK$59.00HK$50.00HK$44.3010
Apr ’24HK$42.70
HK$53.24
+24.7%
5.6%HK$59.00HK$50.00HK$45.8010
Mar ’24HK$42.00
HK$54.01
+28.6%
6.0%HK$59.00HK$50.00HK$46.0010
Feb ’24HK$44.40
HK$54.01
+21.6%
6.0%HK$59.00HK$50.00HK$46.5010
Jan ’24HK$40.85
HK$53.56
+31.1%
7.7%HK$59.00HK$47.00HK$43.209
Dec ’23HK$39.75
HK$54.50
+37.1%
7.8%HK$59.00HK$47.00HK$37.659

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


Discover undervalued companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 08:24
End of Day Share Price 2024/12/24 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 world class team 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 .

Analyst Sources

CK Infrastructure Holdings Limited is covered by 28 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yiu Kei TungBNP Paribas Securities (Asia)
Cissy GuanBofA Global Research
Siti Bte SalikinCFRA Equity Research