Valuation: Hong Kong Exchanges and Clearing Limited

Capitalization 517B 66.12B 55.96B 51.05B 48.81B 90.41B 5,997B 93.55B 595B 236B 2,893B 248B 243B 10,207B P/E ratio 2025 *
30.1x
P/E ratio 2026 * 29.2x
Enterprise value 405B 51.79B 43.83B 39.99B 38.23B 70.82B 4,698B 73.28B 466B 185B 2,267B 194B 190B 7,996B EV / Sales 2025 *
14.2x
EV / Sales 2026 * 12.6x
Free-Float
94.05%
Yield 2025 *
3.02%
Yield 2026 * 3.02%

Last Transcript: Hong Kong Exchanges and Clearing Limited

1 day+0.89%
1 week-2.20%
Current month-5.41%
1 month-6.75%
3 months-1.92%
6 months-7.01%
Current year+0.29%
1 week 403
Extreme 403
409
1 month 403
Extreme 403
444.8
Current year 403
Extreme 403
444.8
1 year 283.2
Extreme 283.2
466
3 years 212.2
Extreme 212.2
466
5 years 208.2
Extreme 208.2
587
10 years 167
Extreme 167
587
Manager TitleAgeSince
Chief Executive Officer 57 29/02/2024
Director of Finance/CFO 63 08/06/2025
Director of Finance/CFO 53 31/12/2016
Director TitleAgeSince
Director/Board Member 73 25/04/2017
Director/Board Member 58 25/04/2017
Director/Board Member 72 06/05/2020
Change 5d. change 1-year change 3-years change Capi.($)
+0.89%-2.20%+19.74%+23.58% 66.12B
+1.14%+2.11%-6.79%+44.89% 88.13B
0.00%+4.40%-32.92%+3.47% 53.16B
-0.48%+3.69%-12.89%+25.95% 46.99B
+2.36%+2.13%+1.10%+40.25% 46.69B
+0.86%+1.85%+52.86%+59.66% 17.35B
+0.56%-2.48%+42.41%+103.60% 15.21B
-4.58%-2.74%+0.08%+55.21% 14.94B
+0.45%-2.14%-11.48%+65.24% 9.12B
-1.08%+0.54%-5.26%+127.59% 8.04B
Average +0.03%+1.20%+4.68%+54.94% 36.58B
Weighted average by Cap. +0.57%+1.19%-0.50%+37.88%

Financials

2025 *2026 *
Net sales 28.59B 3.66B 3.1B 2.82B 2.7B 5B 332B 5.18B 32.92B 13.04B 160B 13.72B 13.44B 565B 29.47B 3.77B 3.19B 2.91B 2.78B 5.16B 342B 5.34B 33.93B 13.44B 165B 14.14B 13.85B 582B
Net income 17.18B 2.2B 1.86B 1.7B 1.62B 3.01B 199B 3.11B 19.78B 7.84B 96.18B 8.24B 8.07B 339B 17.76B 2.27B 1.92B 1.75B 1.68B 3.11B 206B 3.22B 20.45B 8.1B 99.47B 8.52B 8.35B 351B
Net Debt -112B -14.33B -12.12B -11.06B -10.57B -19.59B -1,299B -20.27B -129B -51.06B -627B -53.73B -52.62B -2,211B -145B -18.53B -15.68B -14.31B -13.68B -25.34B -1,681B -26.22B -167B -66.05B -811B -69.49B -68.06B -2,860B
Logo Hong Kong Exchanges and Clearing Limited
Hong Kong Exchanges and Clearing Limited is principally engaged in the operation of stock exchanges. The Company operates through five business segments. The Cash segment includes various equity products traded on the Cash Market platforms, the Shanghai Stock Exchange and the Shenzhen Stock Exchange. The Equity and Financial Derivatives segment includes derivatives products traded on Hong Kong Futures Exchange Limited (HKFE) and the Stock Exchange of Hong Kong Limited (SEHK) and other related activities. The Commodities segment includes the operations of the London Metal Exchange (LME). The Clearing segment includes the operations of various clearing houses, such as Hong Kong Securities Clearing Company Limited, the SEHK Options Clearing House Limited, HKFE Clearing Corporation Limited, over the counter (OTC) Clearing Hong Kong Limited and LME Clear Limited. The Platform and Infrastructure segment provides users with access to the platform and infrastructure of the Company.
Employees
2,444
Date Price Change Volume
16/02/26 408.80 $ +0.89% 1,832,272
13/02/26 405.20 $ -2.13% 8,865,258
12/02/26 414.00 $ -0.96% 3,266,535
11/02/26 418.00 $ +0.19% 1,963,348
10/02/26 417.20 $ -0.33% 3,091,696
Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
408.80HKD
Average target price
507.56HKD
Spread / Average Target
+24.16%

Quarterly revenue - Rate of surprise