Hong Kong Exchanges and Clearing (HKEX23) Stock Overview

Owns and operates stock and futures exchanges, and related clearing houses in Hong Kong, the United Kingdom, and Mainland China. More details

HKEX23 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	2/6
Past Performance	6/6
Financial Health	6/6
Dividends	3/6

Rewards

Earnings are forecast to grow 5% per year

Earnings grew by 44.9% over the past year

Risk Analysis

No risks detected for HKEX23 from our risk checks.

HKEX23 Community Fair Values

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Hong Kong Exchanges and Clearing Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Hong Kong Exchanges and Clearing
Historical stock prices
Current Share Price	HK$2.24
52 Week High	HK$2.52
52 Week Low	HK$2.20
Beta	0.97
1 Month Change	-3.45%
3 Month Change	-8.94%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-7.44%

Recent updates

Shareholder Returns

	HKEX23	TH Capital Markets	TH Market
7D	-3.4%	-0.2%	-0.4%
1Y	n/a	-11.1%	-10.0%

Return vs Industry: Insufficient data to determine how HKEX23 performed against the TH Capital Markets industry.

Return vs Market: Insufficient data to determine how HKEX23 performed against the TH Market.

Price Volatility

Is HKEX23's price volatile compared to industry and market?
HKEX23 volatility
HKEX23 Average Weekly Movement	3.8%
Capital Markets Industry Average Movement	4.4%
Market Average Movement	4.0%
10% most volatile stocks in TH Market	8.8%
10% least volatile stocks in TH Market	2.0%

Stable Share Price: HKEX23 has not had significant price volatility in the past 3 months compared to the TH market.

Volatility Over Time: Insufficient data to determine HKEX23's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1999	2,423	Bonnie Chan	www.hkex.com.hk

Hong Kong Exchanges and Clearing Limited, together with its subsidiaries, owns and operates stock and futures exchanges, and related clearing houses in Hong Kong, the United Kingdom, and Mainland China. It operates through Cash, Equity and Financial Derivatives, Commodities, and Data and Connectivity segments. The Cash segment covers various equity products traded on the cash market platforms of the Stock Exchange of Hong Kong Limited, as well as through the Shanghai-Hong Kong and the Shenzhen-Hong Kong stock connects; clearing, settlement and custodian, listing, depository, and nominee services; and other related activities.

Hong Kong Exchanges and Clearing Limited Fundamentals Summary

How do Hong Kong Exchanges and Clearing's earnings and revenue compare to its market cap?
HKEX23 fundamental statistics
Market cap	฿2.16t
Earnings (TTM)	฿71.83b
Revenue (TTM)	฿116.82b

30.1x

P/E Ratio

18.5x

P/S Ratio

Is HKEX23 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HKEX23 income statement (TTM)
Revenue	HK$27.97b
Cost of Revenue	HK$1.01b
Gross Profit	HK$26.97b
Other Expenses	HK$9.77b
Earnings	HK$17.20b

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	13.61
Gross Margin	96.40%
Net Profit Margin	61.48%
Debt/Equity Ratio	0.7%

How did HKEX23 perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

80%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/21 17:52
End of Day Share Price	2025/11/21 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hong Kong Exchanges and Clearing Limited is covered by 44 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Michael Li	BofA Global Research
null null	CCB International Securities Limited
Dongping Zhou	China International Capital Corporation Limited

Hong Kong Exchanges and Clearing LimitedSET:HKEX23 Stock Report