Power Assets Holdings Limited (HK:0006)
:0006
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Power Assets Holdings
(0006)
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Rating:68Neutral
Price Target:
HK$70.00
â–²(21.32% Upside)
Action:ReiteratedDate:04/24/26
The score is driven primarily by strong balance sheet quality and low financial risk, tempered by uneven operating performance and weaker recent cash generation. Technicals are supportive with price above key moving averages and positive MACD, while valuation is middling with an attractive yield but a moderate P/E.
Positive Factors
Conservative balance sheet and low leverage
Extremely low debt-to-equity and a large equity base provide durable financial flexibility. This capital structure reduces refinancing risk, supports steady dividend policy and enables selective investments or acquisitions without stressing liquidity during market stress.
Negative Factors
Sharply weaker free cash flow in 2025
A large year‑over‑year drop in free cash flow materially reduces cash available for dividends, reinvestment or deleveraging. If the decline reflects structural lower cash conversion rather than one‑off timing, it can constrain financial flexibility for several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet and low leverage
Extremely low debt-to-equity and a large equity base provide durable financial flexibility. This capital structure reduces refinancing risk, supports steady dividend policy and enables selective investments or acquisitions without stressing liquidity during market stress.
Read all positive factors
Power Assets Holdings (0006) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$138.95B
Dividend Yield5.15%
Average Volume (3M)3.12M
Price to Earnings (P/E)18.8
Beta (1Y)0.03
Revenue Growth-16.10%
EPS Growth1.91%
CountryHK
Employees14
SectorUtilities
Sector Strength65
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)1.50
Shares Outstanding2,131,105,200
10 Day Avg. Volume3,286,865
30 Day Avg. Volume3,118,584
Financial Highlights & Ratios
PEG Ratio9.02
Price to Book (P/B)1.30
Price to Sales (P/S)152.44
P/FCF Ratio133.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$73.80Price Target Upside27.90% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)3.99
Revenue Forecast (FY)HK$867.42M
Power Assets Holdings Business Overview & Revenue Model
Company Description
Power Assets Holdings Limited, an investment holding company, generates, transmits, and distributes electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally. It generates energy from thermal, renewable energy, a...
How the Company Makes Money
Power Assets Holdings makes money primarily as a holding company by earning returns from its utility and infrastructure investments rather than by directly selling products to end customers. Its key revenue and earnings drivers are: (1) Share of p...
Power Assets Holdings Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
88
Very Positive
Cash Flow
49
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 771.00M | 6.77B | 1.29B | 1.26B | 1.28B |
| Gross Profit | 419.00M | 6.35B | 1.29B | 1.26B | 1.17B |
| EBITDA | 478.00M | 6.52B | 1.14B | 1.17B | 1.49B |
| Net Income | 6.24B | 6.12B | 6.00B | 5.65B | 6.14B |
Balance Sheet | |||||
| Total Assets | 98.33B | 94.08B | 95.70B | 94.53B | 94.30B |
| Cash, Cash Equivalents and Short-Term Investments | 2.53B | 2.73B | 4.20B | 5.89B | 4.61B |
| Total Debt | 3.32B | 2.51B | 3.10B | 3.24B | 3.44B |
| Total Liabilities | 7.60B | 7.00B | 6.95B | 7.67B | 7.54B |
| Stockholders Equity | 90.72B | 87.08B | 88.75B | 86.86B | 86.77B |
Cash Flow | |||||
| Free Cash Flow | 883.00M | 941.00M | 1.14B | 771.00M | 939.00M |
| Operating Cash Flow | 884.00M | 941.00M | 1.14B | 772.00M | 939.00M |
| Investing Cash Flow | 3.88B | 5.69B | 4.61B | 4.01B | 5.93B |
| Financing Cash Flow | -5.36B | -6.35B | -6.19B | -6.14B | -6.02B |
Power Assets Holdings Technical Analysis
Positive
57.70
Price Trends
62.22
Positive
58.48
Positive
54.41
Positive
Market Momentum
0.62
Negative
53.62
Neutral
41.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0006, the sentiment is Positive. The current price of 57.7 is below the 20-day moving average (MA) of 62.57, below the 50-day MA of 62.22, and above the 200-day MA of 54.41, indicating a bullish trend. The MACD of 0.62 indicates Negative momentum. The RSI at 53.62 is Neutral, neither overbought nor oversold. The STOCH value of 41.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0006.
Power Assets Holdings Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$190.24B | 16.48 | 9.82% | 4.54% | -3.24% | -10.85% | |
68 Neutral | HK$138.95B | 18.85 | 6.94% | 5.15% | -16.10% | 1.91% | |
68 Neutral | HK$102.04B | 6.06 | 12.76% | 5.89% | -3.11% | -5.45% | |
66 Neutral | HK$56.64B | 18.09 | 5.56% | 5.08% | 0.56% | 1.22% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | HK$135.84B | 23.00 | 9.73% | 4.94% | -2.07% | -0.42% | |
63 Neutral | HK$159.67B | 8.77 | 6.45% | 4.50% | -11.52% | 1.85% |
* Utilities Sector Average
HK:0006
Power Assets Holdings
65.25
16.66
34.30%
HK:1038
CK Infrastructure Holdings
66.95
17.23
34.65%
HK:0002
CLP Holdings
75.50
12.19
19.25%
HK:0836
China Resources Power Holdings Co
19.44
1.65
9.27%
HK:2638
HK Electric Investments & HK Electric Investments
6.44
1.31
25.49%
HK:0003
Hong Kong & China Gas Co
7.30
0.65
9.84%
Power Assets Holdings Corporate Events
Power Assets Sets 2026 AGM to Approve Dividend, Director Pay and Share Issuance Mandate
Apr 21, 2026
Power Assets Holdings has convened its 2026 annual general meeting for 20 May in Hong Kong, to be held in a hybrid physical and online format, with a back‑up date set in case of severe weather disruptions. Shareholders will review the 2025 f...
Power Assets Calls Hybrid General Meeting to Approve Major Asset Disposal
Apr 7, 2026
Power Assets Holdings has convened a hybrid general meeting for 27 April 2026 in Hong Kong and online, seeking shareholder approval for a connected and major transaction tied to a share purchase agreement signed on 25 February 2026. The resolution...
Power Assets Holdings Declares HK$2.04 Final Dividend for 2025
Mar 18, 2026
Power Assets Holdings has declared a final ordinary dividend of HK$2.04 per share for the financial year ended 31 December 2025, underscoring its continued emphasis on returning cash to shareholders. The payout, subject to shareholder approval on ...
Power Assets posts steady 2025 profit as regulated networks underpin dividend and growth
Mar 18, 2026
Power Assets Holdings reported a resilient 2025 performance, with net profit edging up 2% to HK$6,236 million and funds from operations rising 8%, underpinned by a strong balance sheet, low gearing and an A/Stable credit rating. The board maintain...
Power Assets Sets March Board Meeting to Review 2025 Results and Final Dividend
Mar 5, 2026
Power Assets Holdings has scheduled a board meeting for 18 March 2026 to review the group’s annual results for the year ended 31 December 2025 and to consider the payment of a final dividend. The timing signals the company’s preparatio...
Power Assets to Exit UK Power Networks in Major Connected Disposal
Feb 25, 2026
Power Assets Holdings has agreed, through its indirect wholly owned subsidiary, to sell its 40% stake in UK Power Networks alongside partners CKI and CKA, disposing of 100% of the UK electricity distributor’s share capital and related shareh...
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.