2 Stock Overview
CLP Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Southeast Asia, Taiwan, and Australia.
CLP Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$66.80|
|52 Week High||HK$80.50|
|52 Week Low||HK$64.80|
|1 Month Change||0.75%|
|3 Month Change||-12.22%|
|1 Year Change||-13.75%|
|3 Year Change||-18.04%|
|5 Year Change||-19.81%|
|Change since IPO||98.91%|
Recent News & Updates
CLP Holdings (HKG:2) Is Paying Out A Dividend Of HK$0.63
CLP Holdings Limited's ( HKG:2 ) investors are due to receive a payment of HK$0.63 per share on 15th of September. This...
CLP Holdings (HKG:2) Will Be Hoping To Turn Its Returns On Capital Around
To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
|2||HK Electric Utilities||HK Market|
Return vs Industry: 2 underperformed the Hong Kong Electric Utilities industry which returned -5.8% over the past year.
Return vs Market: 2 exceeded the Hong Kong Market which returned -23.8% over the past year.
|2 Average Weekly Movement||2.7%|
|Electric Utilities Industry Average Movement||2.5%|
|Market Average Movement||6.5%|
|10% most volatile stocks in HK Market||12.8%|
|10% least volatile stocks in HK Market||3.1%|
Stable Share Price: 2 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 2's weekly volatility (3%) has been stable over the past year.
About the Company
|1901||8,183||Richard Kendall Lancaster||https://www.clpgroup.com|
CLP Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Southeast Asia, Taiwan, and Australia. The company generates electricity through coal, gas, nuclear, and renewable resources, such as wind, hydro, and solar. It serves 5.15 million retail customers in Hong Kong and Australia.
CLP Holdings Fundamentals Summary
|2 fundamental statistics|
Is 2 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2 income statement (TTM)|
|Cost of Revenue||HK$77.70b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 17, 2022
|Earnings per share (EPS)||-0.39|
|Net Profit Margin||-1.08%|
How did 2 perform over the long term?See historical performance and comparison
4.6%Current Dividend Yield
Does 2 pay a reliable dividends?See 2 dividend history and benchmarks
|CLP Holdings dividend dates|
|Ex Dividend Date||Sep 01 2022|
|Dividend Pay Date||Sep 15 2022|
|Days until Ex dividend||20 days|
|Days until Dividend pay date||34 days|
Does 2 pay a reliable dividends?See 2 dividend history and benchmarks
Is 2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2?
Other financial metrics that can be useful for relative valuation.
|What is 2's n/a Ratio?|
Price to Sales Ratio vs Peers
How does 2's PS Ratio compare to its peers?
|2 PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
1038 CK Infrastructure Holdings
6 Power Assets Holdings
2638 HK Electric Investments and HK Electric Investments
3 Hong Kong and China Gas
2 CLP Holdings
Price-To-Sales vs Peers: 2 is good value based on its Price-To-Sales Ratio (1.9x) compared to the peer average (22.7x).
Price to Earnings Ratio vs Industry
How does 2's PE Ratio compare vs other companies in the Asian Electric Utilities Industry?
Price-To-Sales vs Industry: 2 is expensive based on its Price-To-Sales Ratio (1.9x) compared to the Hong Kong Electric Utilities industry average (1.8x)
Price to Sales Ratio vs Fair Ratio
What is 2's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||1.9x|
|Fair PS Ratio||0.8x|
Price-To-Sales vs Fair Ratio: 2 is expensive based on its Price-To-Sales Ratio (1.9x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).
Share Price vs Fair Value
What is the Fair Price of 2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2 (HK$66.8) is trading below our estimate of fair value (HK$154.76)
Significantly Below Fair Value: 2 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is CLP Holdings forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).
Earnings vs Market: 2 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 2 is expected to become profitable in the next 3 years.
Revenue vs Market: 2's revenue (3.9% per year) is forecast to grow slower than the Hong Kong market (10% per year).
High Growth Revenue: 2's revenue (3.9% 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 (10.9%).
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How has CLP Holdings performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2 is currently unprofitable.
Growing Profit Margin: 2 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 2 is unprofitable, and losses have increased over the past 5 years at a rate of 18.1% per year.
Accelerating Growth: Unable to compare 2's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 2 is unprofitable, making it difficult to compare its past year earnings growth to the Electric Utilities industry (5.2%).
Return on Equity
High ROE: 2 has a negative Return on Equity (-0.51%), as it is currently unprofitable.
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How is CLP Holdings's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 2's short term assets (HK$49.9B) do not cover its short term liabilities (HK$64.3B).
Long Term Liabilities: 2's short term assets (HK$49.9B) do not cover its long term liabilities (HK$62.7B).
Debt to Equity History and Analysis
Debt Level: 2's net debt to equity ratio (43.9%) is considered high.
Reducing Debt: 2's debt to equity ratio has increased from 48.3% to 54.6% over the past 5 years.
Debt Coverage: 2's debt is well covered by operating cash flow (27.6%).
Interest Coverage: Insufficient data to determine if 2's interest payments on its debt are well covered by EBIT.
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What is CLP Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 2's dividend (4.64%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.86%).
High Dividend: 2's dividend (4.64%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.39%).
Stability and Growth of Payments
Stable Dividend: 2's dividends per share have been stable in the past 10 years.
Growing Dividend: 2's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: 2 is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (174.1%), 2's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Richard Kendall Lancaster (60 yo)
Mr. Richard Kendall Lancaster, BE, serves as Director at Castle Peak Power Company Limited since 2005. He has been the Chief Executive Officer at CLP Holdings Ltd., since September 30, 2013. Mr. Lancaster...
CEO Compensation Analysis
Compensation vs Market: Richard Kendall's total compensation ($USD3.56M) is above average for companies of similar size in the Hong Kong market ($USD996.64K).
Compensation vs Earnings: Richard Kendall's compensation has increased whilst the company is unprofitable.
Experienced Management: 2's management team is seasoned and experienced (8.1 years average tenure).
Experienced Board: 2's board of directors are seasoned and experienced ( 12.9 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CLP Holdings Limited's employee growth, exchange listings and data sources
- Name: CLP Holdings Limited
- Ticker: 2
- Exchange: SEHK
- Founded: 1901
- Industry: Electric Utilities
- Sector: Utilities
- Implied Market Cap: HK$168.009b
- Shares outstanding: 2.53b
- Website: https://www.clpgroup.com
Number of Employees
- CLP Holdings Limited
- 8 Laguna Verde Avenue
- Hung Hom
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/11 00:00|
|End of Day Share Price||2022/08/11 00:00|
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.