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 1 192,882 179,438 160,287 158,947 202,801 271,167 - -
Change - -6.97% -10.67% -0.84% 27.59% 33.71% - -
Enterprise Value (EV) 1 361,051 328,246 292,097 288,561 316,590 405,152 385,854 363,217
Change - -9.09% -11.01% -1.21% 9.71% 27.97% -4.76% -5.87%
P/E 5.78x 4.9x 6.82x 9.3x 17.1x 8.11x 10.5x 9.67x
PBR 0.37x 0.16x 0.29x 0.3x 0.36x 0.45x 0.44x 0.43x
PEG - 0.5x -0.2x -0.3x -0.6x 0x -0.5x 1.09x
Capitalization / Revenue 0.43x 0.39x 0.35x 0.33x 0.4x 0.52x 0.54x 0.52x
EV / Revenue 0.81x 0.72x 0.63x 0.61x 0.62x 0.78x 0.76x 0.7x
EV / EBITDA 2.66x 2.31x 2.29x 5.51x 5.52x 6.83x 6.46x 6.13x
EV / EBIT 5.25x 4.19x 4.65x 4.62x 16.7x 13.5x 12.3x 11.1x
EV / FCF 28.8x 10.6x 11.2x 9.05x 7.59x 5.37x 9.44x 8.59x
FCF Yield 3.47% 9.4% 8.95% 11% 13.2% 18.6% 10.6% 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% 3.8% 3.7% 3.96%
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 70.80 70.80 70.80
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 3/17/22 3/16/23 3/21/24 3/20/25 3/19/26 - - -
1HKD in Million2HKD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.11x0.78x6.83x3.8% 34.59B
16.66x1.53x10.29x-.--% 20.62B
15.16x1.96x9.46x2.6% 10.79B
7.21x0.97x5.62x3.89% 4.21B
14.61x2.94x9.2x2.79% 3.32B
18.28x2.32x9.19x4.91% 2.02B
83.3x6.21x66.82x0.17% 1.58B
44.43x0.69x4.61x-.--% 1.03B
15.86x1.84x6.91x-.--% 506M
138.42x0.99x14.3x-.--% 422M
Average 36.20x 2.02x 14.32x 1.82% 7.91B
Weighted average by Cap. 14.51x 1.39x 9.40x 2.47%

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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