Company Valuation: CK Asset Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 179,082 172,703 139,108 111,643 137,611 161,970 - -
Change - -3.56% -19.45% -19.74% 23.26% 17.7% - -
Enterprise Value (EV) 1 212,185 160,042 151,496 128,243 147,228 152,803 148,664 159,428
Change - -24.57% -5.34% -15.35% 14.8% 3.79% -2.71% 7.24%
P/E Ratio 8.52x 8.04x 8.07x 8.2x 12.7x 9.46x 12.4x 10.5x
PBR 0.47x 0.45x 0.35x 0.28x 0.34x 0.4x 0.39x 0.38x
PEG - 2.21x -0.4x -0.4x -0.6x 0.2x -0.5x 0.6x
Capitalization / Revenue 2.88x 3.07x 2.94x 2.45x 2.38x 2.42x 2.43x 2.14x
EV / Revenue 3.42x 2.84x 3.21x 2.82x 2.54x 2.28x 2.23x 2.11x
EV / EBITDA 7.21x 8.01x 9.96x 9.44x 11.5x 7.85x 8.58x 8.1x
EV / EBIT 8.19x 8.92x 11.4x 11x 13.8x 9.32x 9.47x 9.22x
EV / FCF 10.9x - -37.5x 20.3x - 19x 19.2x 15x
FCF Yield 9.21% - -2.67% 4.94% - 5.27% 5.21% 6.66%
Dividend per Share 2 2.2 2.28 2.05 1.74 1.78 1.818 1.874 2.082
Rate of return 4.48% 4.75% 5.23% 5.45% 4.53% 3.93% 4.05% 4.5%
EPS 2 5.77 5.98 4.86 3.89 3.1 4.891 3.738 4.399
Distribution rate 38.1% 38.1% 42.2% 44.7% 57.4% 37.2% 50.1% 47.3%
Net sales 1 62,094 56,341 47,243 45,529 57,935 66,911 66,544 75,643
EBITDA 1 29,431 19,980 15,203 13,591 12,857 19,453 17,330 19,673
EBIT 1 25,915 17,935 13,276 11,665 10,658 16,388 15,701 17,282
Net income 1 20,824 21,683 17,340 13,657 10,847 16,978 12,872 15,113
Net Debt 1 33,103 -12,661 12,388 16,600 9,617 -9,166 -13,306 -2,541
Reference price 2 49.15 48.05 39.20 31.90 39.32 46.28 46.28 46.28
Nbr of stocks (in thousands) 3,643,584 3,594,241 3,548,684 3,499,778 3,499,778 3,499,778 - -
Announcement Date 17/03/22 16/03/23 21/03/24 20/03/25 19/03/26 - - -
1HKD in Million2HKD
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.31x2.24x7.72x3.99% 20.34B
14.77x4.62x12.67x3.39% 42.6B
9.32x1.55x7.76x3.83% 33.56B
22.67x4.41x18.52x1.12% 31.05B
5.48x0.52x1.05x9.26% 25.99B
15.51x3.18x15.71x2.26% 26.04B
11.8x1.78x15.12x3.2% 21.81B
15.04x6.62x18.77x1.26% 19.96B
14.22x0.91x6x2.62% 19.74B
Average 13.12x 2.87x 11.48x 3.44% 26.79B
Weighted average by Cap. 13.35x 2.97x 11.58x 3.46%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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