CLP’s main priority is efficiently operating and expanding its core Hong Kong-regulated utility, which generates attractive risk-adjusted returns. Its next most pressing obligation is to maintain or increase dividends, followed by investing in foreign markets. It also has an overarching focus on decarbonizing its portfolio by selling or retiring coal-fired power stations and adding nuclear, renewables, and battery storage.
CLP is highly defensive, underpinned by its regulated Hong Kong business that comprises more than two-thirds of earnings, and has a strong balance sheet.
CLP’s ex-Hong Kong returns face downside as favorable policies for renewable energy diminish. Closure of coal power stations is also a headwind.
|
Metric
|
00002
|
01038
|
00006
|
|---|---|---|---|
Price/Earnings (Normalized) | 16.41 | 11.80 | 14.84 |
Price/Book Value | 1.75 | 1.11 | 1.23 |
Price/Sales | 2.20 | 38.42 | 17.89 |
Price/Cash Flow | 8.44 | 70.22 | 841.86 |
|
Metric
|
00002
|
01038
|
00006
|
|---|---|---|---|
Quick Ratio | 0.51 | 3.81 | 11.02 |
Current Ratio | 0.66 | 3.88 | 11.17 |
Interest Coverage | 10.53 | 31.32 | 82.13 |
|
Metric
|
00002
|
01038
|
00006
|
|---|---|---|---|
Return on Assets (Normalized) | 4.70% | 8.38% | 6.75% |
Return on Equity (Normalized) | 10.52% | 10.80% | 7.28% |
Return on Invested Capital (Normalized) | 6.82% | 8.94% | 6.90% |
|
1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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Capital Allocation
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United States