How does 2's PE Ratio compare to its peers?

2 is expensive based on its Price-To-Earnings Ratio (22.3x) compared to the peer average (13.8x).

How does 2's PE Ratio compare vs other companies in the Asian Electric Utilities Industry?

2 is expensive based on its Price-To-Earnings Ratio (22.3x) compared to the Asian Electric Utilities industry average (16.6x).

What is 2'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.

2 is expensive based on its Price-To-Earnings Ratio (22.3x) compared to the estimated Fair Price-To-Earnings Ratio (9x).

What is the Fair Price of 2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

2 (HK$66.6) is trading below our estimate of [[fair value]] (HK$97.96)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

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

CLP Holdings (SEHK:2) - Stock Price, News & Analysis

2 Stock Overview

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, Mainland China, India Thailand, Taiwan, and Australia. More details

2 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	0/6
Financial Health	2/6
Dividends	4/6

Rewards

Trading at 32% below our estimate of its fair value

Earnings are forecast to grow 11.46% per year

Risk Analysis

Has a high level of debt

Dividend of 4.65% is not well covered by earnings

Large one-off items impacting financial results

CLP Holdings Limited Competitors

CK Infrastructure Holdings

SEHK:1038

HK$134.4b

Power Assets Holdings

SEHK:6

HK$107.5b

HK Electric Investments and HK Electric Investments

SEHK:2638

HK$46.1b

Sichuan Energy Investment Development

SEHK:1713

HK$2.2b

Price History & Performance

Summary of all time highs, changes and price drops for CLP Holdings
Historical stock prices
Current Share Price	HK$66.60
52 Week High	HK$73.20
52 Week Low	HK$58.80
Beta	0.58
11 Month Change	-0.52%
3 Month Change	-2.99%
1 Year Change	9.18%
33 Year Change	-13.00%
5 Year Change	-17.47%
Change since IPO	98.31%

Recent updates

Are Investors Undervaluing CLP Holdings Limited (HKG:2) By 32%?

Nov 11

CLP Holdings (HKG:2) Has Affirmed Its Dividend Of HK$0.63

Oct 23

Investors Appear Satisfied With CLP Holdings Limited's (HKG:2) Prospects

Oct 11

CLP Holdings (HKG:2) Seems To Use Debt Quite Sensibly

Sep 23

CLP Holdings (HKG:2) Has Affirmed Its Dividend Of HK$0.63

Aug 19

CLP Holdings' (HKG:2) Conservative Accounting Might Explain Soft Earnings

Aug 16

CLP Holdings Limited (HKG:2) Shares Could Be 45% Below Their Intrinsic Value Estimate

Jul 26

Return Trends At CLP Holdings (HKG:2) Aren't Appealing

Jun 13

CLP Holdings Limited (HKG:2) Screens Well But There Might Be A Catch

May 25

CLP Holdings Limited (HKG:2) Shares Could Be 38% Below Their Intrinsic Value Estimate

Apr 17

We Think CLP Holdings (HKG:2) Can Stay On Top Of Its Debt

Mar 28

Potential Upside For CLP Holdings Limited (HKG:2) Not Without Risk

Jan 08

An Intrinsic Calculation For CLP Holdings Limited (HKG:2) Suggests It's 34% Undervalued

Dec 18

Does CLP Holdings (HKG:2) Have A Healthy Balance Sheet?

Nov 13

Returns At CLP Holdings (HKG:2) Appear To Be Weighed Down

Sep 20

These 4 Measures Indicate That CLP Holdings (HKG:2) Is Using Debt Extensively

Aug 10

Are Investors Undervaluing CLP Holdings Limited (HKG:2) By 21%?

Jun 29

Be Wary Of CLP Holdings (HKG:2) And Its Returns On Capital

Jun 12

We Think CLP Holdings (HKG:2) Is Taking Some Risk With Its Debt

May 04

CLP Holdings (HKG:2) Is Due To Pay A Dividend Of HK$1.21

Mar 01

CLP Holdings Limited (HKG:2) Shares Could Be 37% Below Their Intrinsic Value Estimate

Feb 16

CLP Holdings (HKG:2) Is Due To Pay A Dividend Of HK$0.63

Nov 01

CLP Holdings (HKG:2) Is Carrying A Fair Bit Of Debt

Oct 03

CLP Holdings (HKG:2) Is Paying Out A Dividend Of HK$0.63

Aug 10

CLP Holdings (HKG:2) Will Be Hoping To Turn Its Returns On Capital Around

Jul 12

Is CLP Holdings (HKG:2) Using Too Much Debt?

Jun 16

CLP Holdings (HKG:2) Has Re-Affirmed Its Dividend Of HK$0.63

May 18

An Intrinsic Calculation For CLP Holdings Limited (HKG:2) Suggests It's 48% Undervalued

Apr 13

CLP Holdings (HKG:2) May Have Issues Allocating Its Capital

Mar 27

Does CLP Holdings (HKG:2) Have A Healthy Balance Sheet?

Mar 01

CLP Holdings' (HKG:2) Returns Have Hit A Wall

Dec 15

Is CLP Holdings (HKG:2) Using Too Much Debt?

Nov 26

Calculating The Fair Value Of CLP Holdings Limited (HKG:2)

Nov 08

CLP Holdings (HKG:2) Is Due To Pay A Dividend Of HK$0.63

Oct 20

Slowing Rates Of Return At CLP Holdings (HKG:2) Leave Little Room For Excitement

Sep 15

Shareholder Returns

	2	HK Electric Utilities	HK Market
7D	1.1%	0.3%	-0.6%
1Y	9.2%	21.5%	9.6%

Return vs Industry: 2 underperformed the Hong Kong Electric Utilities industry which returned 21.5% over the past year.

Return vs Market: 2 matched the Hong Kong Market which returned 9.6% over the past year.

Price Volatility

Is 2's price volatile compared to industry and market?
2 volatility
2 Average Weekly Movement	1.9%
Electric Utilities Industry Average Movement	2.6%
Market Average Movement	8.9%
10% most volatile stocks in HK Market	19.0%
10% least volatile stocks in HK Market	4.2%

Stable Share Price: 2 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

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

About the Company

Founded	Employees	CEO	Website
1901	8,159	Tung Keung Chiang	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 Thailand, Taiwan, and Australia. The company generates electricity through coal, gas, nuclear, and renewable resources, such as wind, hydro, and solar. It is also involved in the provision of pumped storage services, and energy and infrastructure solutions; property investment activities; and retail of electricity and gas.

CLP Holdings Limited Fundamentals Summary

How do CLP Holdings's earnings and revenue compare to its market cap?
2 fundamental statistics
Market cap	HK$168.26b
Earnings (TTM)	HK$7.55b
Revenue (TTM)	HK$87.95b

22.3x

P/E Ratio

1.9x

P/S Ratio

Is 2 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2 income statement (TTM)
Revenue	HK$87.95b
Cost of Revenue	HK$56.82b
Gross Profit	HK$31.13b
Other Expenses	HK$23.58b
Earnings	HK$7.55b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.99
Gross Margin	35.39%
Net Profit Margin	8.58%
Debt/Equity Ratio	54.9%

How did 2 perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

104%

Payout Ratio

Does 2 pay a reliable dividends?

See 2 dividend history and benchmarks

When do you need to buy 2 by to receive an upcoming dividend?
CLP Holdings dividend dates
Ex Dividend Date	Dec 02 2024
Dividend Pay Date	Dec 13 2024
Days until Ex dividend	8 days
Days until Dividend pay date	19 days

Does 2 pay a reliable dividends?

See 2 dividend history and benchmarks

2 Stock Overview

Rewards

Risk Analysis

CLP Holdings Limited Competitors

SEHK:1038

HK$134.4b

SEHK:6

HK$107.5b

SEHK:2638

HK$46.1b

SEHK:1713

HK$2.2b

Price History & Performance

Recent News & Updates

Are Investors Undervaluing CLP Holdings Limited (HKG:2) By 32%?

CLP Holdings (HKG:2) Has Affirmed Its Dividend Of HK$0.63

Dividend of HK$0.63 announced

CLP Holdings Limited Appoints Kung Yeung Yun Chi Ann as Independent Non-Executive Director and Member of Audit & Risk Committee and Finance & General Committee

Investors Appear Satisfied With CLP Holdings Limited's (HKG:2) Prospects

CLP Holdings (HKG:2) Seems To Use Debt Quite Sensibly

Recent updates

Are Investors Undervaluing CLP Holdings Limited (HKG:2) By 32%?

CLP Holdings (HKG:2) Has Affirmed Its Dividend Of HK$0.63

Dividend of HK$0.63 announced

CLP Holdings Limited Appoints Kung Yeung Yun Chi Ann as Independent Non-Executive Director and Member of Audit & Risk Committee and Finance & General Committee

Investors Appear Satisfied With CLP Holdings Limited's (HKG:2) Prospects

CLP Holdings (HKG:2) Seems To Use Debt Quite Sensibly

Upcoming dividend of HK$0.63 per share

CLP Holdings (HKG:2) Has Affirmed Its Dividend Of HK$0.63

CLP Holdings' (HKG:2) Conservative Accounting Might Explain Soft Earnings

Dividend of HK$0.63 announced

First half 2024 earnings released: EPS: HK$2.36 (vs HK$2.00 in 1H 2023)

CLP Holdings Limited Declares Second Interim Dividend of for the Year Ending 31 December 2024, Payable on 13 September 2024

CLP Holdings Limited (HKG:2) Shares Could Be 45% Below Their Intrinsic Value Estimate

Return Trends At CLP Holdings (HKG:2) Aren't Appealing

CLP Holdings Limited (HKG:2) Screens Well But There Might Be A Catch

Fourth quarter dividend of HK$0.63 announced

CLP Holdings Limited (HKG:2) Shares Could Be 38% Below Their Intrinsic Value Estimate

We Think CLP Holdings (HKG:2) Can Stay On Top Of Its Debt

CLP Holdings Limited to Report Q1, 2024 Results on May 13, 2024

Upcoming dividend of HK$1.21 per share

Fourth quarter dividend of HK$1.21 announced

CLP Holdings Limited Announces Board Changes

Full year 2023 earnings: EPS and revenues miss analyst expectations

CLP Holdings Limited, Annual General Meeting, May 03, 2024

CLP Holdings Limited to Report Fiscal Year 2023 Results on Feb 26, 2024

CLP Holdings Limited Announces CFO Changes

Potential Upside For CLP Holdings Limited (HKG:2) Not Without Risk

An Intrinsic Calculation For CLP Holdings Limited (HKG:2) Suggests It's 34% Undervalued

Upcoming dividend of HK$0.63 per share at 5.1% yield

Does CLP Holdings (HKG:2) Have A Healthy Balance Sheet?

CLP Holdings Limited Declares Third Interim Dividend for the Year Ending December 31, 2023, Payable on December 15, 2023

CLP Holdings Limited Announces Board Changes

Returns At CLP Holdings (HKG:2) Appear To Be Weighed Down

Upcoming dividend of HK$0.63 per share at 5.2% yield

These 4 Measures Indicate That CLP Holdings (HKG:2) Is Using Debt Extensively

CLP Holdings Limited Announces Declaration of Second Interim Dividend for the Year Ending 31 December 2023, Payable on 15 September 2023

First half 2023 earnings released: EPS: HK$2.00 (vs HK$1.92 loss in 1H 2022)

Are Investors Undervaluing CLP Holdings Limited (HKG:2) By 21%?

CLP Holdings Limited Announces Board and Committee Changes

Now 21% undervalued

CLP Says It Is Seeking ‘Long-Term Partner’ for EnergyAustralia

Be Wary Of CLP Holdings (HKG:2) And Its Returns On Capital

Upcoming dividend of HK$0.63 per share at 5.4% yield

CLP Holdings Announces Appointment of Ms Wang Xiaojun Heather as an Independent Non-Executive Director and A Member of Board Committees, Effective from 16 May 2023

CLP Holdings Limited Announces Retirement of Law Fan Chiu Fan Fanny as Board of Director

We Think CLP Holdings (HKG:2) Is Taking Some Risk With Its Debt

Upcoming dividend of HK$1.21 per share at 5.5% yield

CLP Holdings (HKG:2) Is Due To Pay A Dividend Of HK$1.21

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

CLP Holdings Limited (HKG:2) Shares Could Be 37% Below Their Intrinsic Value Estimate

CLP Holdings Limited to Report Fiscal Year 2022 Results on Feb 27, 2023

CLP Holdings Limited Announces Appointment of Non-Executive Director and Changes in Board and Board Committees Positions

CLP Holdings Limited Announces the Appointment of Mr. Ling Michael Hin Yau as Joint Company Secretary to Take Effect from 1 January 2023

Non-Executive Vice Chairman recently sold HK$22m worth of stock

Upcoming dividend of HK$0.63 per share

CLP Holdings (HKG:2) Is Due To Pay A Dividend Of HK$0.63

CLP Holdings Announces Executive Changes

CLP Holdings Limited Appoints Chan Bernard Charnwut as an Independent Non-Executive Director and Member of the Sustainability Committee, Effect from 18 October 2022

CLP Holdings (HKG:2) Is Carrying A Fair Bit Of Debt