CK Hutchison Holdings Limited (CKHUY)
OTHER OTC:CKHUY
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CK Hutchison Holdings
(OTC:CKHUY)
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Rating:71Outperform
Price Target:
$8.50
â–²(9.54% Upside)
Action:UpgradedDate:03/26/26
The score is driven primarily by solid financial stability and cash generation (with improving leverage) and a very attractive valuation (low P/E with a ~3% yield). Earnings-call commentary is constructive on underlying results and balance-sheet direction but includes meaningful execution/regional risks. Technical indicators are the main near-term headwind, with price below key short-term moving averages and weak momentum readings.
Positive Factors
Strong free cash flow rebound
Sustained, material free cash flow improvement boosts the group's capacity to fund capex, deleverage, and pursue value‑accretive transactions without relying on external equity. Durable FCF supports dividends, buybacks or strategic M&A and provides a buffer through economic cycles.
Negative Factors
Choppy revenue and declining reported profitability
Inconsistent top‑line and meaningful declines in reported net income weaken returns on a very large equity base, limiting margin expansion and long‑run EPS momentum. Persistent variability reduces visibility on sustainable earnings and may constrain payout policy if trends persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow rebound
Sustained, material free cash flow improvement boosts the group's capacity to fund capex, deleverage, and pursue value‑accretive transactions without relying on external equity. Durable FCF supports dividends, buybacks or strategic M&A and provides a buffer through economic cycles.
Read all positive factors
CK Hutchison Holdings (CKHUY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$29.71B
Dividend Yield3.79%
Average Volume (3M)26.42K
Price to Earnings (P/E)17.1
Beta (1Y)0.14
Revenue Growth2.31%
EPS Growth-65.48%
CountryUS
Employees300,000
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)0.36
Shares Outstanding3,830,044,400
10 Day Avg. Volume9,047
30 Day Avg. Volume26,424
Financial Highlights & Ratios
PEG Ratio-0.57
Price to Book (P/B)0.36
Price to Sales (P/S)0.72
P/FCF Ratio4.63
Enterprise Value/Market Cap14.24
Enterprise Value/Revenue1.51
Enterprise Value/Gross Profit8.11
Enterprise Value/Ebitda7.47
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.83
Revenue Forecast (FY)$47.24B
CK Hutchison Holdings Business Overview & Revenue Model
Company Description
CK Hutchison Holdings Limited, an investment holding company, operates in ports and related services, retail, infrastructure, and telecommunications businesses worldwide. The company invests in, develops, and operates ports, which operate 291 bert...
How the Company Makes Money
CK Hutchison makes money through multiple operating divisions and investment holdings. (1) Ports and related services: The group earns revenue from operating container terminals and port-related logistics services, typically charging shipping line...
CK Hutchison Holdings Earnings Call Summary
Earnings Call Date:Mar 19, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call emphasized strong underlying operational performance across diversified businesses: revenue and underlying EBITDA growth, materially stronger free cash flow (102% including proceeds; +29% underlying), reduced net leverage, improved cost of debt and upgraded credit ratings. Significant value appreciation in associated investments (notably Cenovus) and successful disposals (e.g., UKPN, TPG asset sales) reinforced the balance sheet. Key challenges include large one-off/noncash items that depressed reported earnings, severe weakness in Health & Beauty China (73% EBITDA decline), telecom merger integration costs limiting near-term cash returns, and an unresolved Panama legal dispute. On balance, the positives — improved cash generation, lower leverage, strong liquidity, portfolio diversification and realized investment gains — materially outweigh the notable but contained lowlights, suggesting constructive momentum with some execution and regional risks to monitor.Positive Updates
Revenue Growth
Group revenue increased 6% year-on-year in 2025, of which ~2% was attributable to favorable foreign exchange and ~4% underlying growth (approximately HKD 19 billion incremental revenue).
Negative Updates
Large One-off Noncash Charges Depressed Reported Results
Reported net earnings declined by ~HKD 5.2 billion year-on-year driven by large one-off/noncash items (including a prior Vietnam asset write-down and ~HKD 10.9 billion of VodafoneThree-related one-time movements), creating a wide gap between reported and underlying results.
Read all updates
Q4-2025 Updates
Positive
Negative
Revenue Growth
Group revenue increased 6% year-on-year in 2025, of which ~2% was attributable to favorable foreign exchange and ~4% underlying growth (approximately HKD 19 billion incremental revenue).
Read all positive updates
Company Guidance
Management reiterated guidance to prioritize cash generation, capital recycling and investment‑grade financial strength while pursuing value‑accretive transactions and GBP700m of merger synergies at VodafoneThree by year five; they pointed to strong 2025 metrics: revenue +6% (2% FX, 4% underlying ≈HKD19bn incremental), underlying net earnings +7% (~HKD1.5bn), underlying EBITDA HKD115.7bn (+9% / +HKD9.4bn; reported EBITDA HKD104.8bn after HKD10.9bn one‑offs), operating free cash flow HKD40.5bn (+4%), underlying free cash flow HKD26.3bn (+29%) and free cash flow including VodafoneThree proceeds HKD41.2bn (+102%). Balance‑sheet targets include net debt ~HKD113bn (down ~HKD16bn), net debt/net total capital 13.9% (pre‑IFRS16, vs 16.2% a year ago), gross debt HKD263bn (avg maturity 4.8 yrs; 65% fixed after swaps), cash HKD151bn and average debt cost 3.3% (from 3.6%); divisional datapoints cited were ports revenue HKD48.9bn (+8%) and throughput 90.1m TEU (+3%), retail revenue HKD209.3bn (+10%) with EBITDA HKD18.2bn (+11% reported, +5% lc), 17,114 stores and 183m loyalty members, USD1.9bn green spend, and material upside from associates (e.g., Cenovus 16.4% stake value roughly doubling). They also cautioned CKH Telecom distributions will be limited in the next 1–2 years while integration proceeds.CK Hutchison Holdings Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
76
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 279.56B | 281.35B | 275.57B | 262.50B | 280.85B |
| Gross Profit | 52.19B | 144.77B | 165.68B | 131.09B | 150.43B |
| EBITDA | 27.66B | 82.20B | 49.33B | 47.38B | 98.17B |
| Net Income | 11.82B | 17.09B | 23.50B | 36.68B | 33.48B |
Balance Sheet | |||||
| Total Assets | 1.16T | 1.11T | 1.16T | 1.15T | 1.21T |
| Cash, Cash Equivalents and Short-Term Investments | 143.73B | 121.30B | 127.32B | 138.09B | 153.13B |
| Total Debt | 104.57B | 324.73B | 343.53B | 353.42B | 412.16B |
| Total Liabilities | 467.24B | 459.95B | 488.35B | 501.13B | 569.27B |
| Stockholders Equity | 562.72B | 534.72B | 548.60B | 528.07B | 525.57B |
Cash Flow | |||||
| Free Cash Flow | 43.75B | 31.88B | 26.14B | 30.86B | 12.54B |
| Operating Cash Flow | 62.46B | 54.23B | 51.44B | 56.71B | 52.18B |
| Investing Cash Flow | -6.10B | -19.90B | -15.41B | -4.36B | -550.00M |
| Financing Cash Flow | -33.96B | -40.35B | -46.78B | -67.41B | -54.45B |
CK Hutchison Holdings Technical Analysis
Positive
7.76
Price Trends
7.94
Negative
7.54
Positive
7.00
Positive
Market Momentum
-0.04
Negative
51.40
Neutral
94.18
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CKHUY, the sentiment is Positive. The current price of 7.76 is above the 20-day moving average (MA) of 7.61, below the 50-day MA of 7.94, and above the 200-day MA of 7.00, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 51.40 is Neutral, neither overbought nor oversold. The STOCH value of 94.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CKHUY.
CK Hutchison Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $8.04B | 23.29 | 20.28% | 0.63% | 1.23% | -22.77% | |
71 Outperform | $29.71B | 17.12 | 2.12% | 3.79% | 2.31% | -65.48% | |
69 Neutral | $145.07B | 24.26 | 31.25% | 2.24% | 7.48% | 9.55% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | $4.41B | 20.95 | 6.94% | 2.76% | -57.80% | -57.40% | |
55 Neutral | $76.03B | 37.06 | 71.89% | 1.82% | -13.09% | -20.63% | |
49 Neutral | $4.93B | -14.82 | -10.91% | 27.59% | -8.45% | 27.66% |
* Industrials Sector Average
CKHUY
CK Hutchison Holdings
7.75
2.91
60.07%
MMM
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HON
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223.84
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IEP
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7.74
1.54
24.80%
MDU
Mdu Resources Group
21.59
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42.64%
VMI
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411.74
149.01
56.72%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.