CLP Holdings Valuation
Is 2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
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 2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2 (HK$65.05) is trading below our estimate of fair value (HK$97.96)
Significantly Below Fair Value: 2 is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2?
Key metric: As 2 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 2's PE Ratio? | |
|---|---|
| PE Ratio | 21.8x |
| Earnings | HK$7.55b |
| Market Cap | HK$164.35b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2.6x |
| Enterprise Value/EBITDA | 8.9x |
| PEG Ratio | 1.9x |
Price to Earnings Ratio vs Peers
How does 2's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 13.8x | ||
1038 CK Infrastructure Holdings | 16.9x | 5.9% | HK$136.6b |
6 Power Assets Holdings | 17.9x | 4.7% | HK$108.2b |
2638 HK Electric Investments and HK Electric Investments | 14.8x | 4.3% | HK$46.1b |
1713 Sichuan Energy Investment Development | 5.8x | n/a | HK$2.2b |
2 CLP Holdings | 21.8x | 11.5% | HK$164.3b |
Price-To-Earnings vs Peers: 2 is expensive based on its Price-To-Earnings Ratio (21.8x) compared to the peer average (13.8x).
Price to Earnings Ratio vs Industry
How does 2'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: 2 is expensive based on its Price-To-Earnings Ratio (21.8x) compared to the Asian Electric Utilities industry average (16.8x).
Price to Earnings Ratio vs Fair Ratio
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 21.8x |
| Fair PE Ratio | 9x |
Price-To-Earnings vs Fair Ratio: 2 is expensive based on its Price-To-Earnings Ratio (21.8x) compared to the estimated Fair Price-To-Earnings Ratio (9x).
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$65.05 | HK$73.68 +13.3% | 6.5% | HK$80.00 | HK$64.00 | n/a | 10 |
| Nov ’25 | HK$66.70 | HK$73.14 +9.7% | 6.4% | HK$80.00 | HK$64.00 | n/a | 9 |
| Oct ’25 | HK$68.85 | HK$73.09 +6.2% | 6.8% | HK$80.00 | HK$64.00 | n/a | 8 |
| Sep ’25 | HK$69.90 | HK$73.60 +5.3% | 7.0% | HK$80.00 | HK$64.00 | n/a | 7 |
| Aug ’25 | HK$69.15 | HK$70.29 +1.6% | 7.5% | HK$78.00 | HK$63.00 | n/a | 7 |
| Jul ’25 | HK$63.10 | HK$71.38 +13.1% | 8.0% | HK$80.00 | HK$63.00 | n/a | 8 |
| Jun ’25 | HK$61.85 | HK$70.88 +14.6% | 8.0% | HK$80.00 | HK$63.00 | n/a | 8 |
| May ’25 | HK$61.70 | HK$70.63 +14.5% | 7.7% | HK$80.00 | HK$63.00 | n/a | 8 |
| Apr ’25 | HK$62.35 | HK$70.63 +13.3% | 7.7% | HK$80.00 | HK$63.00 | n/a | 8 |
| Mar ’25 | HK$65.25 | HK$70.63 +8.2% | 7.7% | HK$80.00 | HK$63.00 | n/a | 8 |
| Feb ’25 | HK$63.05 | HK$68.14 +8.1% | 10.9% | HK$80.00 | HK$57.00 | n/a | 7 |
| Jan ’25 | HK$64.45 | HK$66.40 +3.0% | 10.4% | HK$80.00 | HK$57.00 | n/a | 8 |
| Dec ’24 | HK$59.25 | HK$67.53 +14.0% | 15.3% | HK$86.00 | HK$55.00 | n/a | 8 |
| Nov ’24 | HK$57.55 | HK$67.53 +17.3% | 15.3% | HK$86.00 | HK$55.00 | HK$66.70 | 8 |
| Oct ’24 | HK$57.95 | HK$68.84 +18.8% | 13.8% | HK$86.00 | HK$55.00 | HK$68.85 | 8 |
| Sep ’24 | HK$61.50 | HK$68.84 +11.9% | 13.8% | HK$86.00 | HK$55.00 | HK$69.90 | 8 |
| Aug ’24 | HK$63.95 | HK$66.86 +4.5% | 15.9% | HK$86.00 | HK$50.00 | HK$69.15 | 9 |
| Jul ’24 | HK$60.90 | HK$66.86 +9.8% | 15.9% | HK$86.00 | HK$50.00 | HK$63.10 | 9 |
| Jun ’24 | HK$56.65 | HK$65.41 +15.5% | 16.8% | HK$86.00 | HK$50.00 | HK$61.85 | 9 |
| May ’24 | HK$58.40 | HK$64.97 +11.2% | 17.9% | HK$86.00 | HK$50.00 | HK$61.70 | 9 |
| Apr ’24 | HK$56.70 | HK$64.97 +14.6% | 17.9% | HK$86.00 | HK$50.00 | HK$62.35 | 9 |
| Mar ’24 | HK$56.45 | HK$64.97 +15.1% | 17.9% | HK$86.00 | HK$50.00 | HK$65.25 | 9 |
| Feb ’24 | HK$58.00 | HK$67.18 +15.8% | 18.8% | HK$86.00 | HK$48.00 | HK$63.05 | 9 |
| Jan ’24 | HK$56.95 | HK$70.73 +24.2% | 19.5% | HK$86.00 | HK$48.00 | HK$64.45 | 9 |
| Dec ’23 | HK$57.50 | HK$70.73 +23.0% | 19.5% | HK$86.00 | HK$48.00 | HK$59.25 | 9 |
| Nov ’23 | HK$53.75 | HK$70.73 +31.6% | 19.5% | HK$86.00 | HK$48.00 | HK$57.55 | 9 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
Discover undervalued companies
ENN Energy Holdings
HK$57.2b
An investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People’s Republic of China.
2688
HK$51.05
7D
-1.6%
1Y
-9.1%
ENN Energy Holdings
HK$57.2b
An investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People’s Republic of China.
2688
HK$51.05
7D
-1.6%
1Y
-9.1%
Towngas Smart Energy
HK$10.5b
An investment holding company, sells piped gas, renewable energy, and other types of energy in the People’s Republic of China.
1083
HK$3.01
7D
-2.0%
1Y
-4.4%