Company Valuation: CK Hutchison Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 192,882 179,438 160,287 158,947 202,801 273,657 - -
Change - -6.97% -10.67% -0.84% 27.59% 34.94% - -
Enterprise Value (EV) 1 361,051 328,246 292,097 288,561 316,590 407,642 388,343 365,706
Change - -9.09% -11.01% -1.21% 9.71% 28.76% -4.73% -5.83%
P/E 5.78x 4.9x 6.82x 9.3x 17.1x 8.17x 10.6x 9.74x
PBR 0.37x 0.16x 0.29x 0.3x 0.36x 0.46x 0.44x 0.43x
PEG - 0.5x -0.2x -0.3x -0.6x 0x -0.5x 1.1x
Capitalization / Revenue 0.43x 0.39x 0.35x 0.33x 0.4x 0.53x 0.54x 0.53x
EV / Revenue 0.81x 0.72x 0.63x 0.61x 0.62x 0.79x 0.77x 0.71x
EV / EBITDA 2.66x 2.31x 2.29x 5.51x 5.52x 6.87x 6.5x 6.17x
EV / EBIT 5.25x 4.19x 4.65x 4.62x 16.7x 13.6x 12.4x 11.2x
EV / FCF 28.8x 10.6x 11.2x 9.05x 7.59x 5.4x 9.5x 8.65x
FCF Yield 3.47% 9.4% 8.95% 11% 13.2% 18.5% 10.5% 11.6%
Dividend per Share 2 2.66 2.926 2.531 2.202 2.312 2.687 2.621 2.804
Rate of return 5.29% 6.25% 6.05% 5.31% 4.37% 3.77% 3.67% 3.93%
EPS 2 8.7 9.57 6.14 4.46 3.09 8.732 6.728 7.324
Distribution rate 30.6% 30.6% 41.2% 49.4% 74.8% 30.8% 39% 38.3%
Net sales 1 445,383 457,229 461,558 476,682 507,297 519,166 506,222 518,127
EBITDA 1 135,653 142,132 127,309 52,370 57,351 59,306 59,711 59,255
EBIT 1 68,818 78,261 62,770 62,498 18,960 29,957 31,431 32,661
Net income 1 33,484 36,680 23,500 17,088 11,841 35,741 26,261 28,450
Net Debt 1 168,169 148,808 131,810 129,614 113,789 133,985 114,687 92,050
Reference price 2 50.30 46.85 41.85 41.50 52.95 71.35 71.35 71.35
Nbr of stocks (in thousands) 3,834,635 3,830,045 3,830,045 3,830,045 3,830,045 3,830,044 - -
Announcement Date 17/03/22 16/03/23 21/03/24 20/03/25 19/03/26 - - -
1HKD in Million2HKD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.17x0.78x6.87x3.77% 34.85B
17.01x1.57x10.5x-.--% 21.04B
15.23x1.97x9.5x2.59% 10.82B
7x0.95x5.52x4.01% 4.09B
14.8x2.98x9.34x2.75% 3.37B
18.82x2.32x8.79x4.92% 2.08B
80.47x5.99x64.46x0.18% 1.53B
43.85x0.69x4.59x-.--% 1.01B
16.13x1.88x7.05x-.--% 511M
140.59x1.01x14.61x-.--% 428M
Average 36.20x 2.01x 14.12x 1.82% 7.97B
Weighted average by Cap. 14.56x 1.40x 9.39x 2.45%

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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