Executive Summary
CLP Holdings Limited, an investment holding company, generates, transmits, and distributes electricity in Hong Kong, Mainland China, India, Southeast Asia, Taiwan, and Australia.
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has CLP Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.9%
2
-0.5%
HK Electric Utilities
0.5%
HK Market
1 Year Return
-9.7%
2
-5.1%
HK Electric Utilities
-0.2%
HK Market
Return vs Industry: 2 underperformed the Hong Kong Electric Utilities industry which returned -5.1% over the past year.
Return vs Market: 2 underperformed the Hong Kong Market which returned -0.2% over the past year.
Shareholder returns
| 2 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | -0.5% | 0.5% |
| 30 Day | -5.4% | -4.6% | -3.8% |
| 90 Day | -1.9% | -0.1% | -1.3% |
| 1 Year | -6.4%-9.7% | -1.1%-5.1% | 3.4%-0.2% |
| 3 Year | 20.0%7.8% | 11.0%-7.7% | 18.8%6.7% |
| 5 Year | 47.0%22.2% | 32.6%1.7% | 19.5%-0.5% |
Price Volatility Vs. Market
How volatile is CLP Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
The CLP Holdings (HKG:2) Share Price Is Up 23% And Shareholders Are Holding On1 week ago | Simply Wall St
Do These 3 Checks Before Buying CLP Holdings Limited (HKG:2) For Its Upcoming Dividend2 weeks ago | Simply Wall St
Did CLP Holdings Limited (HKG:2) Use Debt To Deliver Its ROE Of 5.2%?Valuation
Is CLP Holdings undervalued compared to its fair value and its price relative to the market?
38.43x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 2 (HK$79.2) is trading above our estimate of fair value (HK$68.06)
Significantly Below Fair Value: 2 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 2 is poor value based on its PE Ratio (38.4x) compared to the Electric Utilities industry average (14.4x).
PE vs Market: 2 is poor value based on its PE Ratio (38.4x) compared to the Hong Kong market (10.2x).
Price to Earnings Growth Ratio
PEG Ratio: 2 is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: 2 is overvalued based on its PB Ratio (1.8x) compared to the HK Electric Utilities industry average (1.3x).
Next Steps
Future Growth
How is CLP Holdings forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
43.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2's forecast earnings growth (43.3% per year) is above the savings rate (1.6%).
Earnings vs Market: 2's earnings (43.3% per year) are forecast to grow faster than the Hong Kong market (11.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 2's revenue (3.4% per year) is forecast to grow slower than the Hong Kong market (9.8% per year).
High Growth Revenue: 2's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2's Return on Equity is forecast to be low in 3 years time (10.8%).
Next Steps
Past Performance
How has CLP Holdings performed over the past 5 years?
1.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2 has a large one-off loss of HK$6.4B impacting its June 30 2019 financial results.
Growing Profit Margin: 2's current net profit margins (5.9%) are lower than last year (16.6%).
Past Earnings Growth Analysis
Earnings Trend: 2's earnings have grown by 1% per year over the past 5 years.
Accelerating Growth: 2's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2 had negative earnings growth (-67%) over the past year, making it difficult to compare to the Electric Utilities industry average (-14.7%).
Return on Equity
High ROE: 2's Return on Equity (5.2%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is CLP Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 2's short term assets (HK$31.9B) do not cover its short term liabilities (HK$41.7B).
Long Term Liabilities: 2's short term assets (HK$31.9B) do not cover its long term liabilities (HK$60.8B).
Debt to Equity History and Analysis
Debt Level: 2's debt to equity ratio (46.3%) is considered high.
Reducing Debt: 2's debt to equity ratio has reduced from 78.6% to 46.3% over the past 5 years.
Debt Coverage: 2's debt is well covered by operating cash flow (37%).
Interest Coverage: 2's interest payments on its debt are well covered by EBIT (6.5x coverage).
Balance Sheet
Inventory Level: 2 has a high level of physical assets or inventory.
Debt Coverage by Assets: 2's debt is not covered by short term assets (assets are 0.6x debt).
Next Steps
Dividend
What is CLP Holdings's current dividend yield, its reliability and sustainability?
3.81%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 2's dividend (3.81%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.27%).
High Dividend: 2's dividend (3.81%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.23%).
Stability and Growth of Payments
Stable Dividend: 2's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (148.5%), 2's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2's dividends in 3 years are forecast to be covered by earnings (68.4% payout ratio).
Next Steps
Management
What is the CEO of CLP Holdings's salary, the management and board of directors tenure and is there insider trading?
6.3yrs
Average management tenure
CEO
Richard Kendall Lancaster (57yo)
6.3yrs
Tenure
HK$21,400,000
Compensation
Mr. Richard Kendall Lancaster, BE, has been the Chief Executive Officer at CLP Holdings Ltd., since September 30, 2013. Mr. Lancaster served as the Managing Director of CLP Power Hong Kong Limited, a Hong ...
CEO Compensation Analysis
Compensation vs Market: Richard Kendall's total compensation ($USD0.00) is below average for companies of similar size in the Hong Kong market ($USD805.05K).
Compensation vs Earnings: Richard Kendall's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.3yrs
Average Tenure
55yo
Average Age
Experienced Management: 2's management team is seasoned and experienced (6.3 years average tenure).
Board Age and Tenure
15.1yrs
Average Tenure
64.5yo
Average Age
Experienced Board: 2's board of directors are seasoned and experienced ( 15.1 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 5,000 |
| Max Price | HK$92.00 |
| Entity | Individual |
| Shares | 5,000 |
| Max Price | HK$92.50 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Kenneth Oberg (71yo)
Managing Director of CLP Power International
- Tenure: 0yrs
Geert Herman Peeters (55yo)
CFO & Executive Director
- Tenure: 3.9yrs
- Compensation: HK$13.90m
Quince Chong (55yo)
Chief Corporate Development Officer
- Tenure: 7.3yrs
- Compensation: HK$13.80m
Richard Kendall Lancaster (57yo)
CEO & Executive Director
- Tenure: 6.3yrs
- Compensation: HK$21.40m
Rajiv Ranjan Mishra (53yo)
Managing Director of India
- Tenure: 14.4yrs
- Compensation: HK$10.80m
Angus Guthrie
Director of Investor Relations
- Tenure: 0yrs
Siu Hung Chan (60yo)
Managing Director of China
- Tenure: 0yrs
- Compensation: HK$11.80m
Eileen Burnett-Kant
Chief Human Resources Officer
- Tenure: 0.3yrs
David John Simmonds (49yo)
Chief Administrative Officer
- Tenure: 6.3yrs
- Compensation: HK$14.10m
David Smales (52yo)
Chief Operating Officer
- Tenure: 0.2yrs
Board Members
Michael David Kadoorie (78yo)
Non-Executive Chairman
- Tenure: 22.2yrs
- Compensation: HK$765.47k
William Elkin Mocatta (67yo)
Vice Chairman
- Tenure: 20.9yrs
- Compensation: HK$1.11m
Vernon Francis Moore (72yo)
Independent Non-Executive Director
- Tenure: 22.2yrs
- Compensation: HK$1.39m
John Andrew Harry Leigh (65yo)
Non-Executive Director
- Tenure: 22.2yrs
- Compensation: HK$538.48k
Andrew Clifford Winawer Brandler (63yo)
Non-Executive Director
- Tenure: 19.6yrs
- Compensation: HK$933.04k
Betty So (61yo)
Group Director & Vice Chairman of CLP Power Hong Kong Limited
- Tenure: 9.9yrs
- Compensation: HK$12.30m
Vincent Cheng (71yo)
Independent Non-Executive Director
- Tenure: 8.3yrs
- Compensation: HK$950.74k
Geert Herman Peeters (55yo)
CFO & Executive Director
- Tenure: 3.9yrs
- Compensation: HK$13.90m
Richard Kendall Lancaster (57yo)
CEO & Executive Director
- Tenure: 6.3yrs
- Compensation: HK$21.40m
Nick Allen (64yo)
Independent Non-Executive Director
- Tenure: 10.6yrs
- Compensation: HK$1.35m
Company Information
CLP Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: CLP Holdings Limited
- Ticker: 2
- Exchange: SEHK
- Founded: 1901
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: HK$201.358b
- Shares outstanding: 2.53b
- Website: https://www.clpgroup.com
Number of Employees
Location
- CLP Holdings Limited
- 8 Laguna Verde Avenue
- Hung Hom
- Kowloon
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CLPH.Y | OTCPK (Pink Sheets LLC) | ADR EACH REP 1 HKD5 LEVEL1(MGT) | US | USD | Jan 1985 | |
| CLP1 | DB (Deutsche Boerse AG) | ADR EACH REP 1 HKD5 LEVEL1(MGT) | DE | EUR | Jan 1985 | |
| CLPH.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1998 |
| 2 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jan 1998 |
| CLP | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1998 |
| 2 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jan 1998 |
| 2 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jan 1998 |
Biography
CLP Holdings Limited, an investment holding company, generates, transmits, and distributes electricity in Hong Kong, Mainland China, India, Southeast Asia, Taiwan, and Australia. The company generates elec ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/10 12:36 |
| End of Day Share Price | 2019/12/10 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.