Hong Kong Exchanges and Clearing Ltd
HKEX:388
Intrinsic Value
Hong Kong Exchanges & Clearing Ltd. engages in the operation of stock and futures markets. [ Read More ]
The intrinsic value of one
Hong Kong Exchanges and Clearing Ltd
stock under the Base Case scenario is
138.11
HKD.
Compared to the current market price of 220 HKD,
Hong Kong Exchanges and Clearing Ltd
is
Overvalued by 37%.
Hong Kong Exchanges and Clearing Ltd's market price has consistently been higher than its intrinsic value.This persistent overvaluation suggests the market may be overly optimistic about
Hong Kong Exchanges and Clearing Ltd or that its price is influenced by factors unrelated to fundamentals.
Hong Kong Exchanges and Clearing Ltd's market capitalization is 278.9B HKD.
Hong Kong Exchanges and Clearing Ltd stock price is 220 HKD.
Hong Kong Exchanges and Clearing Ltd stock (138.11 HKD) is 37% less than its price (220 HKD).
Hong Kong Exchanges and Clearing Ltd stock (150.58 HKD) is 32% less than its price (220 HKD). Open DCF Valuation
Hong Kong Exchanges and Clearing Ltd stock (125.64 HKD) is 43% less than its price (220 HKD). Open Relative Valuation
Hong Kong Exchanges and Clearing Ltd has upside potential of 44% compared to the average analyst price target.
Open Wall St Estimates
Hong Kong Exchanges and Clearing Ltd's ROIC (Return on Invested Capital) for the past 12 months is positive and is equal to 13%.
Hong Kong Exchanges and Clearing Ltd's short-term assets (316B HKD) exceed its short-term liabilties (287B HKD).
Hong Kong Exchanges and Clearing Ltd's long-term assets (341B HKD) exceed its long-term liabilties (290B HKD).
Hong Kong Exchanges and Clearing Ltd's Revenue has been falling by 3% per year for the last 3 years.
Hong Kong Exchanges and Clearing Ltd's ROE (Return on Equity) has decreased in the last 3 years from 29% to 23%.
Hong Kong Exchanges and Clearing Ltd's Revenue has dropped by 9% over the past 12 months.
Hong Kong Exchanges and Clearing Ltd's ROE (Return on Equity) for the past 12 months is positive and is equal to 23%.
Hong Kong Exchanges and Clearing Ltd's Revenue is forecast to grow at a rate of 16% per year over the next 3 years.
Hong Kong Exchanges and Clearing Ltd has positive three-year average ROIC (Return on Invested Capital): 21%. The company is efficient at using invested capital to generate operating income.
Hong Kong Exchanges and Clearing Ltd's ROIC (Return on Invested Capital) has significantly decreased in the last 3 years from 34% to 13%.
Hong Kong Exchanges and Clearing Ltd has positive three-year average ROE (Return on Equity): 24%. The company is efficient at transforming stockholders' equity into net income.
Hong Kong Exchanges and Clearing Ltd has positive Operating Income for the last twelve months.
Hong Kong Exchanges and Clearing Ltd has positive Net Income for the last twelve months.
Hong Kong Exchanges and Clearing Ltd has positive Free Cash Flow for the last twelve months.
Hong Kong Exchanges and Clearing Ltd's D/E (Debt to Equity) is very low and is equal to 0.03.
Hong Kong Exchanges and Clearing Ltd has negative Net Debt. This means that the company has more cash and short-term investments (225B HKD) than debt (1B HKD).
Hong Kong Exchanges and Clearing Ltd's Altman Z-Score is very low and is equal to 0.23.
Hong Kong Exchanges and Clearing Ltd generates enough operating income (8B HKD) to cover interest payments on its debt (6B HKD).
Valuation Backtest
Hong Kong Exchanges and Clearing Ltd
Run backtest to discover the historical profit from buying and selling
Hong Kong Exchanges and Clearing Ltd
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Hong Kong Exchanges and Clearing Ltd
Balance Sheet Decomposition
Hong Kong Exchanges and Clearing Ltd
| Current Assets | 316.2B |
| Cash & Short-Term Investments | 224.7B |
| Receivables | 33.4B |
| Other Current Assets | 58.1B |
| Non-Current Assets | 25B |
| Long-Term Investments | 2.6B |
| PP&E | 3B |
| Intangibles | 19.3B |
| Other Non-Current Assets | 40m |
| Current Liabilities | 286.5B |
| Accounts Payable | 27.8B |
| Other Current Liabilities | 258.7B |
| Non-Current Liabilities | 3.3B |
| Long-Term Debt | 1.4B |
| Other Non-Current Liabilities | 1.9B |
Earnings Waterfall
Hong Kong Exchanges and Clearing Ltd
|
Revenue
|
15.4B
HKD
|
|
Operating Expenses
|
-7B
HKD
|
|
Operating Income
|
8.4B
HKD
|
|
Other Expenses
|
3.4B
HKD
|
|
Net Income
|
11.9B
HKD
|
Free Cash Flow Analysis
Hong Kong Exchanges and Clearing Ltd
What is Free Cash Flow?
Profitability Score
Profitability Due Diligence
Hong Kong Exchanges and Clearing Ltd's profitability score is 64/100. The higher the profitability score, the more profitable the company is.
Score
Hong Kong Exchanges and Clearing Ltd's profitability score is 64/100. The higher the profitability score, the more profitable the company is.
Solvency Score
Solvency Due Diligence
Hong Kong Exchanges and Clearing Ltd's solvency score is 44/100. The higher the solvency score, the more solvent the company is.
Score
Hong Kong Exchanges and Clearing Ltd's solvency score is 44/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
Price Targets Summary
Hong Kong Exchanges and Clearing Ltd
According to Wall Street analysts, the average 1-year price target for
Hong Kong Exchanges and Clearing Ltd
is 316.28 HKD
with a low forecast of 223.21 HKD and a high forecast of 403.2 HKD.
Shareholder Return
Price
Hong Kong Exchanges and Clearing Ltd
| Average Annual Return | 12.72% |
| Standard Deviation of Annual Returns | 42.02% |
| Max Drawdown | -62% |
| Market Capitalization | 275.1B HKD |
| Shares Outstanding | 1 267 840 000 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
Hong Kong Exchanges and Clearing Ltd
Country
Industry
Market Cap
Dividend Yield
Description
Hong Kong Exchanges & Clearing Ltd. engages in the operation of stock and futures markets. The company employs 2,146 full-time employees The company went IPO on 2000-06-27. The firm 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.
Contact
IPO
Employees
Officers
The intrinsic value of one
Hong Kong Exchanges and Clearing Ltd
stock under the Base Case scenario is
138.11
HKD.
Compared to the current market price of 220 HKD,
Hong Kong Exchanges and Clearing Ltd
is
Overvalued by 37%.
You don't have any saved screeners yet
