CK Infrastructure Holdings Valuation
Is 1038 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
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$54.15) is trading above our estimate of fair value (HK$24.81)
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.
| What is 1038's PE Ratio? | |
|---|---|
| PE Ratio | 16.8x |
| Earnings | HK$8.10b |
| Market Cap | HK$136.44b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 25x |
| Enterprise Value/EBITDA | 67.6x |
| PEG Ratio | 2.8x |
Price to Earnings Ratio vs Peers
How does 1038's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 15.2x | ||
6 Power Assets Holdings | 17.8x | 4.7% | HK$107.9b |
2 CLP Holdings | 22.3x | 11.5% | HK$168.1b |
2638 HK Electric Investments and HK Electric Investments | 14.8x | 4.3% | HK$46.0b |
1713 Sichuan Energy Investment Development | 5.9x | n/a | HK$2.2b |
1038 CK Infrastructure Holdings | 16.8x | 5.9% | HK$136.4b |
Price-To-Earnings vs Peers: 1038 is expensive based on its Price-To-Earnings Ratio (16.8x) compared to the peer average (15.2x).
Price to Earnings Ratio vs Industry
How does 1038's PE Ratio compare vs other companies in the Asian Electric Utilities Industry?
| 4 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 4 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: 1038 is expensive based on its Price-To-Earnings Ratio (16.8x) compared to the Asian Electric Utilities industry average (16.1x).
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 16.8x |
| Fair PE Ratio | 8.7x |
Price-To-Earnings vs Fair Ratio: 1038 is expensive based on its Price-To-Earnings Ratio (16.8x) compared to the estimated Fair Price-To-Earnings Ratio (8.7x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | HK$54.15 | HK$61.66 +13.9% | 13.5% | HK$73.00 | HK$41.00 | n/a | 10 |
| Nov ’25 | HK$55.00 | HK$61.66 +12.1% | 13.5% | HK$73.00 | HK$41.00 | n/a | 10 |
| Oct ’25 | HK$53.20 | HK$61.06 +14.8% | 12.9% | HK$73.00 | HK$41.00 | n/a | 10 |
| Sep ’25 | HK$57.90 | HK$59.31 +2.4% | 13.2% | HK$73.00 | HK$41.00 | n/a | 10 |
| Aug ’25 | HK$53.60 | HK$53.90 +0.6% | 14.7% | HK$73.00 | HK$41.00 | n/a | 10 |
| Jul ’25 | HK$44.10 | HK$53.31 +20.9% | 13.9% | HK$73.00 | HK$41.00 | n/a | 11 |
| Jun ’25 | HK$45.10 | HK$53.40 +18.4% | 13.6% | HK$73.00 | HK$42.00 | n/a | 11 |
| May ’25 | HK$44.30 | HK$53.40 +20.6% | 13.6% | HK$73.00 | HK$42.00 | n/a | 11 |
| Apr ’25 | HK$45.80 | HK$53.33 +16.4% | 13.5% | HK$73.00 | HK$42.00 | n/a | 11 |
| Mar ’25 | HK$46.00 | HK$50.50 +9.8% | 7.4% | HK$55.60 | HK$42.00 | n/a | 10 |
| Feb ’25 | HK$46.50 | HK$49.93 +7.4% | 7.0% | HK$54.00 | HK$42.00 | n/a | 9 |
| Jan ’25 | HK$43.20 | HK$48.84 +13.1% | 10.6% | HK$58.00 | HK$40.00 | n/a | 9 |
| Dec ’24 | HK$37.65 | HK$49.90 +32.5% | 12.0% | HK$59.00 | HK$40.00 | n/a | 9 |
| Nov ’24 | HK$36.45 | HK$49.90 +36.9% | 12.0% | HK$59.00 | HK$40.00 | HK$55.00 | 9 |
| Oct ’24 | HK$37.05 | HK$51.23 +38.3% | 9.5% | HK$59.00 | HK$42.00 | HK$53.20 | 9 |
| Sep ’24 | HK$39.70 | HK$52.12 +31.3% | 7.1% | HK$59.00 | HK$47.00 | HK$57.90 | 9 |
| Aug ’24 | HK$41.40 | HK$53.11 +28.3% | 6.0% | HK$59.00 | HK$50.00 | HK$53.60 | 9 |
| Jul ’24 | HK$41.45 | HK$53.40 +28.8% | 5.3% | HK$59.00 | HK$50.00 | HK$44.10 | 10 |
| Jun ’24 | HK$43.00 | HK$53.44 +24.3% | 5.3% | HK$59.00 | HK$50.00 | HK$45.10 | 10 |
| May ’24 | HK$44.60 | HK$53.24 +19.4% | 5.6% | HK$59.00 | HK$50.00 | HK$44.30 | 10 |
| Apr ’24 | HK$42.70 | HK$53.24 +24.7% | 5.6% | HK$59.00 | HK$50.00 | HK$45.80 | 10 |
| Mar ’24 | HK$42.00 | HK$54.01 +28.6% | 6.0% | HK$59.00 | HK$50.00 | HK$46.00 | 10 |
| Feb ’24 | HK$44.40 | HK$54.01 +21.6% | 6.0% | HK$59.00 | HK$50.00 | HK$46.50 | 10 |
| Jan ’24 | HK$40.85 | HK$53.56 +31.1% | 7.7% | HK$59.00 | HK$47.00 | HK$43.20 | 9 |
| Dec ’23 | HK$39.75 | HK$54.50 +37.1% | 7.8% | HK$59.00 | HK$47.00 | HK$37.65 | 9 |
| Nov ’23 | HK$37.60 | HK$55.63 +48.0% | 8.3% | HK$61.00 | HK$47.00 | HK$36.45 | 10 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
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