CK Infrastructure Holdings Ltd
HKEX:1038

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CK Infrastructure Holdings Ltd
HKEX:1038
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Price: 65.7 HKD -0.76% Market Closed
Market Cap: HK$165.5B

P/S

37.9
Current
48%
More Expensive
vs 3-y average of 25.5

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
37.9
=
Market Cap
HK$164.8B
/
Revenue
HK$4.4B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
37.9
=
Market Cap
HK$164.8B
/
Revenue
HK$4.4B

Valuation Scenarios

CK Infrastructure Holdings Ltd is trading above its 3-year average

If P/S returns to its 3-Year Average (25.5), the stock would be worth HK$44.3 (33% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-98%
Maximum Upside
No Upside Scenarios
Average Downside
70%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 37.9 HK$65.7
0%
3-Year Average 25.5 HK$44.3
-33%
5-Year Average 17.3 HK$29.97
-54%
Industry Average 0.9 HK$1.48
-98%
Country Average 1.1 HK$1.9
-97%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
HK$164.8B
/
Jan 2026
HK$4.4B
=
37.9
Current
HK$164.8B
/
Dec 2026
HK$5.4B
=
30.8
Forward
HK$164.8B
/
Dec 2027
HK$5.3B
=
30.9
Forward
HK$164.8B
/
Dec 2028
HK$5.1B
=
32.3
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
HK
CK Infrastructure Holdings Ltd
HKEX:1038
165.5B HKD 37.9 20.2
US
Nextera Energy Inc
NYSE:NEE
204.1B USD 7.4 25
ES
Iberdrola SA
MAD:IBE
128.3B EUR 2.9 20.6
IT
Enel SpA
MIL:ENEL
99.6B EUR 1.3 23.7
US
Constellation Energy Corp
NASDAQ:CEG
113.4B USD 3.9 42.5
US
Southern Co
NYSE:SO
106.3B USD 3.6 24.6
US
Duke Energy Corp
NYSE:DUK
100.8B USD 3.1 20.6
US
American Electric Power Company Inc
NASDAQ:AEP
74.2B USD 3.4 20.8
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5
US
Entergy Corp
NYSE:ETR
53B USD 4.1 30.4
US
Xcel Energy Inc
NASDAQ:XEL
51.7B USD 3.5 25.8

Market Distribution

Higher than 95% of companies in Hong Kong
Percentile
95th
Based on 1 661 companies
95th percentile
37.9
Low
0 — 0.6
Typical Range
0.6 — 2.8
High
2.8 —
Distribution Statistics
Hong Kong
Min 0
30th Percentile 0.6
Median 1.1
70th Percentile 2.8
Max 59 382.6

CK Infrastructure Holdings Ltd
Glance View

Market Cap
165.5B HKD
Industry
Utilities

Nestled within the bustling landscape of diversified global enterprises, CK Infrastructure Holdings Ltd. (CKI) stands as a master orchestrator in the realm of infrastructure investments. The company operates with the precision of a symphony conductor, bringing together a harmonious blend of utilities, transportation, and energy investments across the globe. Founded as part of the sprawling CK Hutchison Holdings conglomerate, CKI leverages the stability and experience of a goliath while maintaining its distinct business character. The underlying mechanism driving CKI's operations is a careful selection of infrastructure assets that tend to deliver stable and predictable cash flows—whether it be through its robust energy networks in the UK or its water supply systems in Australia, CKI thrives on essential services that keep modern society functioning smoothly. In its quest for continual growth, CKI adopts a unique approach, identifying strategic acquisition opportunities in mature, stable markets. This commitment to expanding its portfolio is evident in its stakeholdings in a string of infrastructure jewels, including electricity grids, waste management services, and transportation hubs. The company earns revenue by collecting fees and providing services tied to these critical infrastructure functions, ensuring a steady stream of income largely insulated from the volatility of broader economic cycles. By navigating the avenues of regulated industries and long-term concessions, CKI enables itself to secure dependable returns. This strategy not only solidifies its financial standing amidst global uncertainties but also enhances its reputation as a dependable player in the infrastructure domain. Through a combination of strategic investments and operational excellence, CKI crafts a narrative of resilience and growth, underscoring its role as a pillar of infrastructure sustainability around the globe.

Intrinsic Value
29.66 HKD
Overvaluation 55%
Intrinsic Value
Price HK$65.7
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