Skip to Content
Morningstar

CLP Holdings Ltd 00002

Morningstar Rating
Unlock
Stock XHKG Rating as of
HKD 62.55 −0.10 (0.16%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

CLP's Australian Operations Recover and We See Greater Cash Flow Stability Ahead

Lorraine Tan

CLP is in the process of transitioning its integrated power portfolio to be focused on renewable generation and related services. Over the next several years, we expect CLP to continue to sell or retire its coal-fired power plants and add renewable power plants and energy storage units to its portfolio. As of the end of 2023, CLP has an effective installed capacity of around 17 gigawatts. We anticipate that adding renewable plants may lag the exit from the coal-fired plants, so CLP’s generating capacity may shrink before building up.

Read Full Report

Price vs Fair Value

View History
00002 is trading at a 3% discount.
Price
HKD 61.05
Fair Value
HKD 48.00
Uncertainty
Low
1-Star Price
HKD 95.39
5-Star Price
HKD 95.10
Economic Moat
Jlcxxt
Capital Allocation
Vvxqstlg

Bulls Say, Bears Say

Bulls

Hong Kong's plan to be carbon neutral by 2050 could lift CLP's investment plan and support stronger growth in its Hong Kong income.

Bears

CLP’s ex-Hong Kong assets incomes and cash flows are weighed down by high fuel costs for a longer period than expected.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if 00002 is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
HKD 62.65
Day Range
HKD 62.45–63.00
52-Week Range
HKD 55.40–67.35
Bid/Ask
HKD 62.55 / HKD 62.65
Market Cap
HKD 158.03 Bil
Volume/Avg
2.4 Mil / 2.7 Mil

Key Statistics

Price/Earnings (Normalized)
15.27
Price/Sales
1.80
Dividend Yield (Trailing)
4.95%
Dividend Yield (Forward)
7.73%
Total Yield
4.95%

Company Profile

CLP Holdings is the larger of the two electric utility companies in Hong Kong, serving 80% of the city population. It generates, transmits and distributes electricity to about 2.6 million customers in Kowloon and the New Territories through its wholly owned network. The business is regulated by the Hong Kong government with a permitted return on net fixed asset of 8.00%. Besides Hong Kong, the company has expanded its reach overseas, with generation and retail assets in Australia and generation assets in China, India, Taiwan, and Southeast Asia. Its Hong Kong activities made up more than 80% of recurring net profit in 2021.
Sector
Utilities
Industry
Utilities - Regulated Electric
Stock Style Box
Large Core
Total Number of Employees
8,041
Website
https://www.clpgroup.com

Competitors

Valuation

View More
Metric
00002
01038
00006
Price/Earnings (Normalized)
 15.2714.0814.17
Price/Book Value
 1.530.921.07
Price/Sales
 1.8018.8473.40
Price/Cash Flow
 8.6530.3659.87
Price/Earnings
00002
01038
00006

Financial Strength

Metric
00002
01038
00006
Quick Ratio
 0.411.381.33
Current Ratio
 0.631.481.34
Interest Coverage
 6.6710.7743.20
Quick Ratio
00002
01038
00006

Profitability

Metric
00002
01038
00006
Return on Assets (Normalized)
 4.34%5.09%7.13%
Return on Equity (Normalized)
 9.70%6.92%7.72%
Return on Invested Capital (Normalized)
 6.46%5.55%7.37%
Return on Assets
00002
01038
00006
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Utilities - Regulated Electric Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
NEE
NextEra Energy IncLqpdlnbnmdZvmgffn$137.4 Bil
SO
Southern CoZknhdhzgQzdpz$80.1 Bil
DUK
Duke Energy CorpRhnjkphgNnpdhdt$75.4 Bil
NGG
National Grid PLC ADRHfjzpgbzZbhh$48.5 Bil
AEP
American Electric Power Co IncJhyvpmpkQglmzt$44.9 Bil
PCG
PG&E CorpCvnlkhlmNnml$44.5 Bil
D
Dominion Energy IncSyjslctHnrlrp$42.3 Bil
EXC
Exelon CorpTmkfqszzQyqfwr$37.3 Bil
PEG
Public Service Enterprise Group IncNwznfmyHqnvh$33.8 Bil
ED
Consolidated Edison IncRkjbcbkmXfh$32.1 Bil

Sponsor Center