Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer with proven track record.
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 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 2's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
1.3%
2
1.0%
HK Electric Utilities
3.6%
HK Market
1 Year Return
-12.0%
2
-17.3%
HK Electric Utilities
15.8%
HK Market
Return vs Industry: 2 exceeded the Hong Kong Electric Utilities industry which returned -17.3% over the past year.
Return vs Market: 2 underperformed the Hong Kong Market which returned 15.8% over the past year.
Shareholder returns
| 2 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | 1.0% | 3.6% |
| 30 Day | 2.3% | 3.3% | 12.7% |
| 90 Day | -0.4% | 3.2% | 18.3% |
| 1 Year | -8.5%-12.0% | -13.2%-17.3% | 20.4%15.8% |
| 3 Year | 2.8%-8.0% | -10.2%-23.0% | -4.5%-14.6% |
| 5 Year | 34.2%11.7% | 5.5%-19.2% | 66.1%37.9% |
Long-Term 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
What Do The Returns On Capital At CLP Holdings (HKG:2) Tell Us?2 weeks ago | Simply Wall St
Shareholders Of CLP Holdings (HKG:2) Must Be Happy With Their 40% Return1 month ago | Simply Wall St
A Look At The Intrinsic Value Of CLP Holdings Limited (HKG:2)Valuation
Is CLP Holdings undervalued compared to its fair value and its price relative to the market?
11.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2 (HK$72.7) is trading below our estimate of fair value (HK$82.47)
Significantly Below Fair Value: 2 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 2 is poor value based on its PE Ratio (15.9x) compared to the HK Electric Utilities industry average (15.2x).
PE vs Market: 2 is poor value based on its PE Ratio (15.9x) compared to the Hong Kong market (11.9x).
Price to Earnings Growth Ratio
PEG Ratio: 2 is poor value based on its PEG Ratio (6x)
Price to Book Ratio
PB vs Industry: 2 is overvalued based on its PB Ratio (1.7x) compared to the HK Electric Utilities industry average (1.1x).
Next Steps
Future Growth
How is CLP Holdings forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
2.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2's forecast earnings growth (2.7% per year) is above the savings rate (1.5%).
Earnings vs Market: 2's earnings (2.7% per year) are forecast to grow slower than the Hong Kong market (21.8% per year).
High Growth Earnings: 2's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2's revenue (3.1% per year) is forecast to grow slower than the Hong Kong market (14.6% per year).
High Growth Revenue: 2's revenue (3.1% 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 (10.7%).
Next Steps
Past Performance
How has CLP Holdings performed over the past 5 years?
-11.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2 has high quality earnings.
Growing Profit Margin: 2's current net profit margins (14.4%) are higher than last year (5.9%).
Past Earnings Growth Analysis
Earnings Trend: 2's earnings have declined by 11.5% per year over the past 5 years.
Accelerating Growth: 2's earnings growth over the past year (122.4%) exceeds its 5-year average (-11.5% per year).
Earnings vs Industry: 2 earnings growth over the past year (122.4%) exceeded the Electric Utilities industry -17.9%.
Return on Equity
High ROE: 2's Return on Equity (10.7%) is considered low.
Next Steps
Financial Health
How is CLP Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 2's short term assets (HK$31.5B) do not cover its short term liabilities (HK$33.3B).
Long Term Liabilities: 2's short term assets (HK$31.5B) do not cover its long term liabilities (HK$72.3B).
Debt to Equity History and Analysis
Debt Level: 2's debt to equity ratio (50%) is considered high.
Reducing Debt: 2's debt to equity ratio has reduced from 75% to 50% 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 (9.4x coverage).
Balance Sheet
Next Steps
Dividend
What is CLP Holdings's current dividend yield, its reliability and sustainability?
4.24%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2's dividend (4.24%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.08%).
High Dividend: 2's dividend (4.24%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.55%).
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.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (67.2%), 2's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2's dividends in 3 years are forecast to be covered by earnings (67.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.8yrs
Average management tenure
CEO
Richard Kendall Lancaster (58 yo)
7.33yrs
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 ($USD823.88K).
Compensation vs Earnings: Richard Kendall's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Operating Officer | 1.25yrs | HK$3.20m | no data | |
| Chief Administrative Officer | 7.33yrs | HK$15.40m | no data | |
| Chief Corporate Development Officer | 8.33yrs | HK$15.20m | no data | |
| Chief Human Resources Officer | 1.33yrs | HK$3.80m | no data | |
| Managing Director of India | 15.5yrs | HK$11.10m | no data | |
| Managing Director of China | no data | HK$12.80m | no data | |
| Managing Director of Energy Australia | 6.5yrs | HK$35.40m | no data | |
| Managing Director of CLP Power Hong Kong | 3.58yrs | HK$14.20m | no data | |
| CEO & Executive Director | 7.33yrs | HK$21.40m | 0.000020% HK$ 36.7k | |
| CFO & Executive Director | 5yrs | HK$13.90m | no data | |
| Chief Financial Officer | no data | no data | no data | |
| Director of Investor Relations | no data | no data | no data |
6.8yrs
Average Tenure
54yo
Average Age
Experienced Management: 2's management team is seasoned and experienced (6.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 7.33yrs | HK$21.40m | 0.000020% HK$ 36.7k | |
| CFO & Executive Director | 5yrs | HK$13.90m | no data | |
| Independent Non-Executive Director | 15yrs | HK$884.37k | no data | |
| Non-Executive Chairman | 23.25yrs | HK$803.69k | 0.051% HK$ 94.6m | |
| Non-Executive Vice Chairman | 22yrs | HK$1.16m | 0.016% HK$ 29.1m | |
| Non-Executive Director | 23.25yrs | HK$564.97k | 0.0065% HK$ 12.0m | |
| Non-Executive Director | 20.67yrs | HK$967.89k | 0.00042% HK$ 771.4k | |
| Group Director & Vice Chairman of CLP Power Hong Kong Limited | 11yrs | HK$13.50m | no data | |
| Independent Non-Executive Director | 5.5yrs | HK$634.88k | no data | |
| Independent Non-Executive Director | 11.67yrs | HK$1.42m | 0.0016% HK$ 3.0m | |
| Independent Non-Executive Director | 9.42yrs | HK$1.02m | 0.00027% HK$ 495.9k | |
| Non-Executive Director | 2.42yrs | HK$564.97k | no data |
11.3yrs
Average Tenure
64.5yo
Average Age
Experienced Board: 2's board of directors are seasoned and experienced ( 11.3 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$183.673b
- 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) | SPONSORED ADR | US | USD | Jan 1985 | |
| CLP1 | DB (Deutsche Boerse AG) | SPONSORED ADR | 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, engages in the generation, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Southeast Asia, Taiwan, and Australia. The...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 10:16 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.