CK Infrastructure Holdings (1038) AI Stock Analysis

• Market Cap: $128.03B
• Dividend Yield: 4.81%
• Average Volume (3M): 1.63M
• Price to Earnings (P/E): 16.6
• Beta (1Y): 0.19
• Revenue Growth: -10.67%
• EPS Growth: 0.65%
• Country: HK
• Employees: 2,358
• Sector: Utilities
• Sector Strength: 77
• Industry: Regulated Electric
• EPS (TTM): 1.73
• Shares Outstanding: 2,519,610,800
• 10 Day Avg. Volume: 1,415,200
• 30 Day Avg. Volume: 1,625,982
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.23
• Enterprise Value/Revenue: 30.21
• Enterprise Value/Gross Profit: 130.38
• Enterprise Value/Ebitda: 94.03
• 1Y Price Target: $61.15
• Price Target Upside: 14.08% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 73 Outperform
• Price Target: HK$58.00 ▲(8.21% Upside)

CK Infrastructure Holdings' overall stock score is driven by its solid financial performance and attractive valuation, particularly due to strong margins and a high dividend yield. However, neutral technical indicators and challenges in revenue and cash flow trends moderate the score.

Positive Factors

Dividends

Analyst recommends buying CKI stock with a higher target price due to promising business outlook and strong cash flow, which supports a steady increase in dividends.

Earnings Growth

The outlook for CKI's UK and Australian portfolios is constructive due to favourable regulatory resets amid high inflation, promising future earnings growth.

Mergers and Acquisitions

More mergers and acquisitions are expected in the second half of the fiscal year, with CKI's solid financials making it well-positioned to capitalize on opportunities.

Negative Factors

Currency Fluctuations

Currency fluctuations remain the most salient risk for CKI, given its geographic diversification.

Interest Rate Environment

Currency fluctuations and interest rate hikes are significant risks for CKI, potentially affecting valuation and performance.

CK Infrastructure Holdings Business Overview & Revenue Model

Company Description

CK Infrastructure Holdings Limited, an infrastructure company, develops, invests in, operates, and commercializes infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States. The company invests in energy infrastructure, transportation infrastructure, water infrastructure, waste management, waste-to-energy, household infrastructure, and infrastructure related businesses. It is also involved in the production and laying of asphalt; manufacture, distribution, and sale of cement; property investment and project management activities; and investment in securities, as well as provision of waste management services. The company was formerly known as Cheung Kong Infrastructure Holdings Limited and changed its name to CK Infrastructure Holdings Limited in May 2017. The company was incorporated in 1996 and is headquartered in Central, Hong Kong. CK Infrastructure Holdings Limited is a subsidiary of Hutchison Infrastructure Holdings Limited.

How the Company Makes Money

CK Infrastructure Holdings makes money primarily through its extensive investments in infrastructure assets across various sectors. The company generates revenue from the operation of energy infrastructure, including electricity generation and distribution, gas distribution, and renewable energy projects. Additionally, CK Infrastructure Holdings earns income from transportation infrastructure, such as toll roads and rail operations, as well as from water and waste management services. The company benefits from stable, long-term contracts and regulatory frameworks in these sectors, providing steady cash flows. Key partnerships and joint ventures with local and international entities further enhance its financial performance. CK Infrastructure Holdings' diversified portfolio and strategic investments in essential services ensure a consistent and robust revenue model.

CK Infrastructure Holdings Financial Statement Overview

Summary

CK Infrastructure Holdings shows solid profitability with strong margins and financial stability due to a robust equity base and healthy leverage management. However, declining revenue and cash flow metrics indicate potential growth and liquidity challenges.

Income Statement

The income statement shows stable profitability with a strong net profit margin above typical industry standards, largely driven by robust gross profit and EBIT margins. However, the revenue has declined over the last three years, indicating potential growth challenges.

Balance Sheet

The balance sheet reflects a strong equity position with a high equity ratio and a declining trend in debt levels, enhancing financial stability. The debt-to-equity ratio is healthy, demonstrating prudent leverage management.

Cash Flow

The cash flow statement reveals a decreasing trend in operating cash flow and free cash flow over recent years, which could constrain operational flexibility. Nevertheless, free cash flow remains positive, indicating an ability to cover operational needs.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.99B	5.99B	6.62B	7.05B	7.18B
Gross Profit	2.66B	1.73B	3.53B	3.91B	4.40B
EBITDA	9.94B	9.86B	9.28B	8.94B	3.84B
Net Income	8.12B	8.03B	7.75B	7.51B	7.32B
Balance Sheet
Total Assets	157.84B	165.87B	165.87B	163.00B	167.41B
Cash, Cash Equivalents and Short-Term Investments	8.11B	13.08B	18.05B	8.09B	13.48B
Total Debt	19.54B	24.23B	38.45B	40.12B	47.63B
Total Liabilities	26.59B	32.60B	46.37B	47.04B	55.85B
Stockholders Equity	131.16B	133.18B	119.39B	115.83B	111.44B
Cash Flow
Free Cash Flow	1.59B	3.50B	6.64B	7.47B	8.15B
Operating Cash Flow	1.97B	3.85B	7.12B	7.83B	8.36B
Investing Cash Flow	3.18B	2.41B	9.03B	-1.04B	667.00M
Financing Cash Flow	-10.12B	-11.22B	-6.19B	-12.19B	-7.62B

CK Infrastructure Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 53.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1038, the sentiment is Neutral. The current price of 53.6 is below the 20-day moving average (MA) of 54.60, above the 50-day MA of 53.07, and above the 200-day MA of 51.36, indicating a neutral trend. The MACD of 0.53 indicates Positive momentum. The RSI at 46.30 is Neutral, neither overbought nor oversold. The STOCH value of 28.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1038.

CK Infrastructure Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1038	73 Outperform	$128.03B	16.57	6.64%	4.81%	-10.67%	0.65%
Sector *	66 Neutral	$17.74B	18.23	8.12%	3.57%	7.33%	12.21%
CLPHF	―	$21.33B	14.57	10.96%	4.78%	―	―
CRPJF	―	$13.25B	6.13	15.59%	6.28%	―	―
HGKGF	―	$13.81B	17.39	7.05%	5.41%	―	―
HKCVF	―	$6.99B	17.21	6.56%	5.09%	―	―
HOKCF	―	$17.00B	23.23	9.72%	4.90%	―	―

CK Infrastructure Holdings Corporate Events

CK Infrastructure Holdings Schedules Board Meeting for Interim Results

CK Infrastructure Holdings Limited has announced a board meeting scheduled for August 13, 2025, in Hong Kong. The meeting will address the approval of the interim results for the first half of 2025 and consider the payment of an interim dividend, which could impact the company’s financial strategy and shareholder returns.

The most recent analyst rating on (HK:1038) stock is a Hold with a HK$49.00 price target. To see the full list of analyst forecasts on CK Infrastructure Holdings stock, see the HK:1038 Stock Forecast page.

CK Infrastructure Holdings Strengthens Governance with Nomination Committee

CK Infrastructure Holdings Limited has established a Nomination Committee to ensure compliance with corporate governance standards as per the Hong Kong Stock Exchange’s Listing Rules. The committee, primarily composed of independent non-executive directors, is tasked with reviewing the board’s structure and composition, identifying suitable director candidates, and making recommendations for appointments and succession planning, thereby supporting the company’s strategic goals and enhancing shareholder value.

The most recent analyst rating on (HK:1038) stock is a Hold with a HK$49.00 price target. To see the full list of analyst forecasts on CK Infrastructure Holdings stock, see the HK:1038 Stock Forecast page.

CK Infrastructure Holdings Defines Audit Committee’s Role

CK Infrastructure Holdings Limited has outlined the terms of reference for its Audit Committee, which was established in 1998. The committee is composed of non-executive directors, primarily independent ones, and is responsible for ensuring compliance with the Corporate Governance Code. The announcement emphasizes the committee’s role in maintaining transparency and accountability in the company’s financial practices, which is crucial for its stakeholders and market positioning.

The most recent analyst rating on (HK:1038) stock is a Hold with a HK$49.00 price target. To see the full list of analyst forecasts on CK Infrastructure Holdings stock, see the HK:1038 Stock Forecast page.

CK Infrastructure Holdings Passes All Resolutions at AGM

CK Infrastructure Holdings Limited held its Annual General Meeting on May 21, 2025, where all proposed resolutions were passed. Key resolutions included the approval of audited financial statements, the declaration of a final dividend, the election of directors, and the appointment of auditors. The meeting also granted the board mandates to issue and buy back shares, reflecting strong shareholder support and potentially enhancing the company’s financial flexibility.

The most recent analyst rating on (HK:1038) stock is a Hold with a HK$49.00 price target. To see the full list of analyst forecasts on CK Infrastructure Holdings stock, see the HK:1038 Stock Forecast page.