CK Hutchison Holdings Ltd (HK:0001)
:0001
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CK Hutchison Holdings
(0001)
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Rating:63Neutral
Price Target:
HK$64.00
▲(11.99% Upside)
Action:ReiteratedDate:03/26/26
The score is mainly driven by solid cash flow and a stable-to-improving balance sheet, reinforced by a constructive earnings call focused on underlying growth and debt reduction. These positives are tempered by notably weaker 2025 profitability/ROE and a softer technical setup, while valuation appears fair rather than clearly compelling.
Positive Factors
Strong cash generation
Sustained and rising operating and free cash flow provides durable internal funding for capex, dividends, debt paydown and M&A. Consistent cash conversion strengthens resilience across cycles, reduces external financing dependence and supports strategic flexibility over the next several years.
Negative Factors
Declining profitability / ROE
Persistently low and falling ROE indicates the group is generating weak returns on its sizeable capital base. Over time this reduces compounding of shareholder value, constrains dividend upside and raises the bar for value‑accretive M&A unless margins or asset productivity recover materially.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained and rising operating and free cash flow provides durable internal funding for capex, dividends, debt paydown and M&A. Consistent cash conversion strengthens resilience across cycles, reduces external financing dependence and supports strategic flexibility over the next several years.
Read all positive factors
CK Hutchison Holdings (0001) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$241.68B
Dividend Yield4.02%
Average Volume (3M)5.60M
Price to Earnings (P/E)17.1
Beta (1Y)0.70
Revenue Growth1.93%
EPS Growth-65.62%
CountryHK
Employees300,000
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)2.81
Shares Outstanding3,830,044,400
10 Day Avg. Volume5,648,043
30 Day Avg. Volume5,604,090
Financial Highlights & Ratios
PEG Ratio-0.56
Price to Book (P/B)0.36
Price to Sales (P/S)0.72
P/FCF Ratio4.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$74.60Price Target Upside30.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)6.38
Revenue Forecast (FY)HK$359.01B
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 primarily through operating income and dividends from its business segments and investments:
1) Ports and related services
- Revenue model: Fees and charges paid by shipping lines and logistics customers for container han...
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 presents a predominantly positive operational and financial picture on an underlying basis: revenue, underlying net earnings, underlying EBITDA and operating cash flows improved, net debt and cost of debt fell, and liquidity remained strong. Divisional performances were broadly solid (ports, retail, infrastructure, associated investments), and management completed value-accretive corporate actions (UK telecom merger proceeds, disposals). Key near-term negatives include reported earnings impact from large non‑cash one-offs, substantial weakness in Health & Beauty China, legal uncertainty in Panama and short-term cash/EBIT pressure from the UK telecom integration. Overall the positives and balance-sheet improvements materially outweigh the lowlights, though a few concentrated risks (China retail performance, Panama, telecom integration) warrant monitoring.Positive Updates
Revenue Growth (2025)
Group revenue rose 6% year-on-year in 2025, of which ~2% was FX-driven and c.4% was underlying growth, representing about HKD 19 billion of incremental revenue.
Negative Updates
Reported Net Earnings Decline due to One-offs
Reported net earnings declined by about HKD 5.2 billion year-on-year, driven by large one-time largely non-cash items (notably HKD 10.9 billion of onetime movements related to the VodafoneThree merger and prior-year write-downs), which materially reduced reported results despite stronger underlying performance.
Read all updates
Q4-2025 Updates
Positive
Negative
Revenue Growth (2025)
Group revenue rose 6% year-on-year in 2025, of which ~2% was FX-driven and c.4% was underlying growth, representing about HKD 19 billion of incremental revenue.
Read all positive updates
Company Guidance
Management's guidance emphasized cash generation, balance‑sheet strength and value‑accretive transactions while linking returns to underlying performance: in 2025 underlying revenue rose 6% (c.4% organic, ~HKD19bn incremental) and underlying net earnings +7% (≈HKD1.5bn), underlying EBITDA was HKD115.7bn (+9% / +HKD9.4bn) vs reported EBITDA HKD104.8bn (HKD10.9bn one‑offs), operating free cash flow was HKD40.5bn (+4%), underlying free cash flow HKD26.3bn (+29%) and free cash flow including VodafoneThree proceeds HKD41.2bn (+102%); net debt fell ~HKD16bn to ~HKD113bn (net debt/net total capital ~13.9% v 16.2%), gross debt HKD263bn (avg maturity 4.8 years; 37% bank / 63% bonds; post‑swap 65% fixed / 35% floating; avg cost down to 3.3% from 3.6%), cash/liquid assets HKD151bn and ratings A2 / A / A; the group reiterated focus on maintaining investment‑grade ratings, disciplined capex and working capital, pursuing value‑accretive M&A (e.g. targeted GBP700m synergies from the UK merger by year five, c. GBP1.3bn proceeds received) and noted no meaningful near‑term dividends expected from the merged U.K. business while integration completes.CK Hutchison Holdings Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 280.04B | 281.35B | 275.57B | 262.50B | 280.85B |
| Gross Profit | 52.28B | 171.01B | 165.68B | 45.26B | 57.23B |
| EBITDA | 66.10B | 48.58B | 85.14B | 65.42B | 77.94B |
| Net Income | 11.84B | 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 | 143.75B | 121.31B | 127.32B | 138.09B | 153.13B |
| Total Debt | 334.28B | 324.73B | 343.53B | 353.42B | 412.06B |
| Total Liabilities | 467.28B | 459.95B | 488.35B | 505.69B | 581.68B |
| Stockholders Equity | 562.77B | 534.72B | 548.60B | 523.51B | 513.15B |
Cash Flow | |||||
| Free Cash Flow | 43.82B | 33.86B | 26.14B | 30.55B | 12.05B |
| Operating Cash Flow | 62.57B | 54.23B | 51.44B | 56.40B | 51.69B |
| Investing Cash Flow | -6.11B | -19.90B | -15.41B | -5.17B | -2.41B |
| Financing Cash Flow | -34.01B | -40.35B | -46.78B | -66.27B | -52.10B |
CK Hutchison Holdings Technical Analysis
Positive
57.15
Price Trends
61.98
Negative
58.57
Positive
54.38
Positive
Market Momentum
-0.38
Negative
51.82
Neutral
63.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0001, the sentiment is Positive. The current price of 57.15 is below the 20-day moving average (MA) of 59.66, below the 50-day MA of 61.98, and above the 200-day MA of 54.38, indicating a neutral trend. The MACD of -0.38 indicates Negative momentum. The RSI at 51.82 is Neutral, neither overbought nor oversold. The STOCH value of 63.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0001.
CK Hutchison Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$104.31B | 28.96 | 1.14% | 5.26% | 6.44% | -95.37% | |
65 Neutral | HK$15.38B | 7.75 | 4.07% | 6.37% | -7.44% | -18.48% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$241.68B | 17.13 | 2.12% | 4.02% | 1.93% | -65.62% | |
62 Neutral | HK$356.36B | 5.51 | 5.53% | 5.15% | 2.45% | -0.36% | |
60 Neutral | HK$39.48B | 7.30 | 5.66% | 4.94% | ― | ― | |
42 Neutral | HK$34.11B | -1.40 | -21.69% | 0.44% | -8.93% | -698.78% |
* Industrials Sector Average
HK:0001
CK Hutchison Holdings
63.10
26.31
71.50%
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85.85
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CK Hutchison Holdings Corporate Events
CK Hutchison Grows Underlying 2025 Earnings Despite UK Merger Hit
Mar 19, 2026
CK Hutchison reported 2025 total revenue of HK$507.3 billion and underlying earnings of HK$22.3 billion on a pre-IFRS 16 basis, a 7% increase year-on-year, supported by 9% growth in underlying EBITDA and EBIT. Growth was driven by strong performan...
CK Hutchison Declares HKD 1.602 Final Dividend for 2025
Mar 19, 2026
CK Hutchison Holdings has declared a final ordinary dividend of HKD 1.602 per share for the financial year ended 31 December 2025, with shareholder approval scheduled for 21 May 2026. The dividend will be paid in Hong Kong dollars on 11 June 2026 ...
CK Hutchison Sets March 2026 Board Meeting to Approve 2025 Results and Final Dividend
Mar 5, 2026
CK Hutchison Holdings has scheduled a board meeting for 19 March 2026 to review and approve the annual results for the year ended 31 December 2025 for the company and its subsidiaries, and to authorize their release to the market. The board will a...
CK Hutchison Protests Panama’s Seizure and Shutdown of Port Operations
Feb 26, 2026
CK Hutchison Holdings has disclosed that the Panamanian government has ordered the occupation of all movable property of its subsidiary Panama Ports Company, S.A., and state representatives have taken physical and operational control of the Balboa...
CK Hutchison Group to Exit UK Power Networks in Major Disposal
Feb 25, 2026
CK Hutchison Holdings and CK Infrastructure Holdings have agreed, alongside related group entities, to sell their combined 100% stake in UK Power Networks, a leading electricity distribution network operator in the United Kingdom. The deal, execut...
CK Hutchison Challenges Panama Court Ruling on Port Concessions, Launches Arbitration
Feb 4, 2026
CK Hutchison Holdings has disclosed that Panama’s Supreme Court of Justice has declared unconstitutional the law underpinning the concession contract under which its 90%-owned subsidiary, Panama Ports Company S.A., has operated the Balboa an...
CK Hutchison Clarifies Status of Potential Telecom and Retail Spin-Offs
Jan 21, 2026
CK Hutchison Holdings has responded to recent media reports by stating that, while it regularly evaluates strategic options for its global telecommunications and health and beauty retail businesses, including potential separate listings and asset ...
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.