Hong Kong Exchanges and Clearing Ltd
SWB:HK2C
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Hong Kong Exchanges and Clearing Ltd
SWB:HK2C
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Intrinsic Value
The intrinsic value of 
Hong Kong Exchanges and Clearing Ltd (HK2C) under the Base Case is 46.99 EUR per share.
Compared with the current market price of 44.64 EUR, the stock appears
Undervalued by 5% .
The intrinsic value is calculated using the DCF method.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Hong Kong Exchanges and Clearing Does
Hong Kong Exchanges and Clearing Ltd runs the main marketplace where stocks, bonds, derivatives, and related products are traded in Hong Kong. It also provides the clearing, settlement, and depository systems that make those trades finish safely and in an orderly way. In simple terms, it is the central plumbing behind Hong Kong’s public markets.
- Headquarters
- Hong Kong HK
- Employees
- 2 497
- IPO date
- Jun 27, 2000
Hong Kong Exchanges and Clearing has a narrow economic moat
Trading attracts more trading: investors benefit from having more buyers and sellers available, making HKEX’s established markets difficult for a smaller rival to match. Regulatory approval to operate Hong Kong’s main exchanges and its role in Stock Connect also keep competitors from simply copying its access to these markets.
Read the full moat analysis
Revenue & Expenses Breakdown
Hong Kong Exchanges and Clearing Ltd
Earnings Waterfall
Hong Kong Exchanges and Clearing Ltd
The intrinsic value for Hong Kong Exchanges and Clearing Ltd (HK2C) under the Base Case is 46.99 EUR.
Compared with the current market price of 44.64 EUR, the stock appears Undervalued by 5% .