CLP Holdings Ltd 00002

Morningstar Rating
HK$77.25 +0.10 (0.13%)
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Company Report

Price vs Fair Value

00002 is trading at a LOCK|V$#<#^ premium.
Price
HK$77.15
Fair Value
LF
Uncertainty
LOCK|MN
1-Star Price
LOCK|tc
5-Star Price
Mt!
Economic Moat
LOCK|Wm%Nl
Capital Allocation
LOCK|h&&!?Br

Bulls Say, Bears Say

Bulls

CLP is highly defensive, underpinned by its regulated Hong Kong business that comprises more than two-thirds of earnings, and has a strong balance sheet.

Bears

CLP’s ex-Hong Kong returns face downside as favorable policies for renewable energy diminish. Closure of coal power stations is also a headwind.

News

Trading Information

Previous Close Price
HK$77.15
Day Range
HK$76.3577.35
52-Week Range
HK$64.3079.80
Bid/Ask
HK$77.20 / HK$77.25
Shares Outstanding
2.53B
Market Cap
HK$195.17B
Volume/Avg
3M / 3M

Key Statistics

Price/Earnings (Normalized)
16.53
Price/Sales
2.22
Dividend Yield (Trailing)
4.15%
Dividend Yield (Forward)
4.15%
Dividend Payment Schedule
Mar, Jun, Sep, Dec
Total Yield
4.14%

Company Profile

CLP Holdings is the larger of the two electric utility companies in Hong Kong, serving 80% of the territory’s population. It generates, transmits, and distributes electricity to about 2.8 million customer accounts in Kowloon and the New Territories through its wholly owned network. The business is regulated by the Hong Kong government, with a permitted return on net fixed assets of 8% to December 2033. About 70% of group EBITDA is from Hong Kong, its highest-quality business. Besides Hong Kong, the company has expanded overseas, with generation and energy retail assets in Australia and generation assets in China, India, Taiwan, and Southeast Asia.
Sector
Utilities
Industry
Utilities - Regulated Electric
Stock Style Box
Large Value
Total Number of Employees
8,437

Competitors

Valuation

Metric
00002
01038
00006
Price/Earnings (Normalized)
16.5311.9115.09
Price/Book Value
1.771.121.25
Price/Sales
2.2238.7818.19
Price/Cash Flow
8.5070.87855.97
Price/Earnings
00002
01038
00006

Financial Strength

Metric
00002
01038
00006
Quick Ratio
0.513.8111.02
Current Ratio
0.663.8811.17
Interest Coverage
10.5331.3282.13
Quick Ratio
00002
01038
00006

Profitability

Metric
00002
01038
00006
Return on Assets (Normalized)
4.70%8.38%6.75%
Return on Equity (Normalized)
10.52%10.80%7.28%
Return on Invested Capital (Normalized)
6.82%8.94%6.90%
Return on Assets
00002
01038
00006

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