1-Star Price
INVESTOR
5-Star Price
INVESTOR
Economic Moat
INVESTOR
Capital Allocation
INVESTOR
We increase our fair value estimate for the Australian Securities Exchange, or ASX, by 12% to AUD 75 per share and lower our fair value estimates for Hong Kong Exchanges and Clearing, or HKEx, by 25% to HKD 300 per share, following transfer of coverage to a new analyst. We also reinitiate coverage on Singapore Exchange, or SGX, with a fair value estimate of SGD 13 per share and Japan Exchange Group, or JPX, with a fair estimate of JPY 2,230 per share.
Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of 00388’s competitive advantage.
Hong Kong Exchanges and Clearing Ltd
XHKG: 00388
| Intercontinental Exchange Inc
XNYS: ICE
| Nasdaq Inc
XNAS: NDAQ
| ASX Ltd
XASX: ASX
| |
Price
| 308.80 | 109.96 | 57.83 | 61.42 |
Currency
| HKD | USD | USD | AUD |
Change
| −$0.20 (0.06%) | −$0.64 (0.58%) | +$0.16 (0.28%) | −$0.57 (0.92%) |
Market Cap
| 391.51 Bil | 61.56 Bil | 28.38 Bil | 11.89 Bil |
Industry
| Financial Data & Stock Exchanges | Financial Data & Stock Exchanges | Financial Data & Stock Exchanges | Financial Data & Stock Exchanges |
Sector
|
Financial Services
|
Financial Services
|
Financial Services
|
Financial Services
|
* Trading data in this section is delayed by at least 15 minutes.
Yes. 00388 has a forward dividend yield of 2.31%.
See
00388’s full dividends and stock split history
on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.
Learn more about dividend yield.
00388’s market cap is 391.51 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares.
It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the
largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.
Learn more about market capitalization.
00388’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns.
Style is calculated by combining value and growth scores, which are first individually calculated.
High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.
Learn more about style.
00388’s price/sales is 23.12.
Price/sales represents the amount an investor is willing to pay for a dollar generated from
a particular company’s sales or revenues.
00388’s price/forward earnings is 38.84.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates.
The lower the Forward P/E, the cheaper the stock.
00388’s price/book is 7.72.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets,
based on historical, rather than current, valuations. Historical valuations generally do not reflect
a company’s current market value. Value investors frequently look for companies that have low price/book ratios.
See 00388’s valuation ratios compared to the Market Index.
00388’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
Compare 00388’s historical performance against its industry peers and the overall market.
