HKVT.Y Stock Overview

An investment holding company, engages in the generation, transmission, distribution, and supply of electricity in Hong Kong Island and Lamma Island. More details

HKVT.Y fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	2/6
Financial Health	1/6
Dividends	3/6

Rewards

Trading at 81.4% below our estimate of its fair value

Earnings are forecast to grow 4.33% per year

Earnings have grown 5.1% per year over the past 5 years

Risk Analysis

Shares are highly illiquid

Debt is not well covered by operating cash flow

Dividend of 6.08% is not well covered by earnings

My Notes

Capture your thoughts, links and company narrative

HK Electric Investments and HK Electric Investments Limited Competitors

IDACORP

NYSE:IDA

US$5.9b

TXNM Energy

NYSE:TXNM

US$4.4b

Portland General Electric

NYSE:POR

US$4.6b

OGE Energy

NYSE:OGE

US$8.3b

Price History & Performance

Summary of share price highs, lows and changes for HK Electric Investments and HK Electric Investments
Historical stock prices
Current Share Price	HK$6.58
52 Week High	HK$7.04
52 Week Low	HK$5.89
Beta	0.41
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	-30.44%
5 Year Change	-36.05%
Change since IPO	-36.49%

Recent updates

Shareholder Returns

	HKVT.Y	US Electric Utilities	US Market
7D	0%	0.5%	-0.4%
1Y	n/a	21.3%	24.8%

Return vs Industry: Insufficient data to determine how HKVT.Y performed against the US Electric Utilities industry.

Return vs Market: Insufficient data to determine how HKVT.Y performed against the US Market.

Price Volatility

Is HKVT.Y's price volatile compared to industry and market?
HKVT.Y volatility
HKVT.Y Average Weekly Movement	n/a
Electric Utilities Industry Average Movement	2.6%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.0%
10% least volatile stocks in US Market	3.1%

Stable Share Price: HKVT.Y's share price has been volatile over the past 3 months compared to the US market.

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

About the Company

Founded	Employees	CEO	Website
1889	1,649	Francis Cheng	www.hkelectric.com

HK Electric Investments and HK Electric Investments Limited, an investment holding company, engages in the generation, transmission, distribution, and supply of electricity in Hong Kong Island and Lamma Island. As of December 31, 2023, the company operated 5 coal-fired units, 5 oil-fired gas turbine units, 3 gas-fired combined-cycle units, 1 solar power system, and 1 wind turbine with an installed capacity of 3,403 megawatts. It also operated a transmission and distribution network of 6,969 kilometers, as well as served 589,000 residential, commercial, and industrial customers.

HK Electric Investments and HK Electric Investments Limited Fundamentals Summary

How do HK Electric Investments and HK Electric Investments's earnings and revenue compare to its market cap?
HKVT.Y fundamental statistics
Market cap	US$6.00b
Earnings (TTM)	US$401.81m
Revenue (TTM)	US$1.51b

14.9x

P/E Ratio

4.0x

P/S Ratio

Is HKVT.Y overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HKVT.Y income statement (TTM)
Revenue	HK$11.75b
Cost of Revenue	HK$5.49b
Gross Profit	HK$6.26b
Other Expenses	HK$3.13b
Earnings	HK$3.12b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.35
Gross Margin	53.24%
Net Profit Margin	26.56%
Debt/Equity Ratio	104.4%

How did HKVT.Y perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

91%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/25 23:49
End of Day Share Price	2024/10/18 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

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 here.

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 .

Analyst Sources

HK Electric Investments and HK Electric Investments Limited is covered by 19 analysts. 6 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
Patrick Xu	Barclays
Girish Nair	BNP Paribas Securities (Asia)
Jun Liu	China International Capital Corporation Limited