CK Asset Holdings (1113) AI Stock Analysis

• Market Cap: $128.44B
• Dividend Yield: 5.25%
• Average Volume (3M): 4.92M
• Price to Earnings (P/E): 9.5
• Beta (1Y): 0.72
• Revenue Growth: -3.04%
• EPS Growth: -20.01%
• Country: HK
• Employees: 55,000
• Sector: Real Estate
• Sector Strength: 61
• Industry: Real Estate - Development
• EPS (TTM): 1.45
• Shares Outstanding: 3,499,778,300
• 10 Day Avg. Volume: 3,569,058
• 30 Day Avg. Volume: 4,920,518
• PEG Ratio: -0.71
• Price to Book (P/B): 0.32
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 87.32
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $38.54
• Price Target Upside: 5.02% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 71 Outperform
• Price Target: HK$41.00 ▲(11.72%Upside)

CK Asset Holdings benefits from a strong valuation and solid technical momentum, making it attractive for value and income-focused investors. However, the declining revenue and cash flow concerns highlight the need for strategic improvements to sustain growth and stability.

Positive Factors

Acquisitions

With a low gearing estimated at <10%, CKAH is well placed to explore more accretive acquisitions in Hong Kong and overseas to bolster its long-term growth prospects.

Earnings Base

Improving earnings quality, led by stronger and more diversified recurrent earnings base, should lead to higher stock valuations.

Valuation

The stock is attractively valued, trading at a 68% discount to the appraised current NAV, justifying a higher stock valuation.

Negative Factors

Residential Demand

Weaker residential demand in Hong Kong/China could pressure CKAH’s earnings and valuations.

CK Asset Holdings Business Overview & Revenue Model

Company Description

CK Asset Holdings Limited (1113) is a leading multinational corporation based in Hong Kong that specializes in property development and investment. The company operates across various sectors, including residential, commercial, and industrial properties, as well as hotels and serviced suites. CK Asset Holdings is known for its extensive portfolio of properties and its commitment to delivering high-quality real estate solutions.

How the Company Makes Money

CK Asset Holdings primarily generates revenue through the sale and leasing of properties. The company develops residential and commercial properties for sale, earning substantial income from property sales transactions. Additionally, CK Asset Holdings maintains a portfolio of investment properties, which provides a steady stream of rental income. The company also operates hotels and serviced suites, contributing to its revenue through hospitality services. Furthermore, CK Asset Holdings engages in infrastructure project investments and utility asset ownership, which offer diversified income sources. Strategic partnerships and joint ventures also play a role in enhancing the company's revenue streams by leveraging combined expertise and resources in property development and management.

CK Asset Holdings Financial Statement Overview

Summary

CK Asset Holdings exhibits strong profitability with robust operational efficiency and a solid capital structure. However, concerns arise from declining revenue and inconsistent cash flow management, which could pose risks if not addressed.

Income Statement

CK Asset Holdings has shown a decline in revenue over the recent years, particularly with a 3.63% decrease from 2023 to 2024. The gross profit margin remains strong at approximately 52.5% in 2024, indicating good cost management, but the net profit margin has decreased to 30.6%, reflecting pressures on profitability. The EBIT and EBITDA margins are robust, suggesting strong operational efficiency. Overall, while the company has maintained strong profitability metrics, the declining revenue trend is a concern.

Balance Sheet

The company maintains a solid balance sheet with a low debt-to-equity ratio of 0.145, indicating conservative leverage. Return on equity is healthy at around 3.52%, demonstrating effective equity utilization. The equity ratio is high at approximately 78.85%, highlighting a strong capital structure with significant equity financing. The balance sheet reflects financial stability and low leverage risk.

Cash Flow

The cash flow statement indicates challenges in cash generation, with free cash flow improving to 9.59 billion in 2024 from a deficit in 2023. The free cash flow to net income ratio is favorable, suggesting efficient cash conversion from profits. However, the operating cash flow to net income ratio has been inconsistent, pointing to potential issues in cash flow management. Despite recent improvements, cash flow stability remains a concern.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	45.53B	47.24B	56.97B	64.69B	60.40B
Gross Profit	23.91B	25.13B	28.28B	35.26B	25.72B
EBITDA	12.01B	23.84B	19.90B	28.73B	27.25B
Net Income	13.94B	17.63B	21.97B	21.48B	16.83B
Balance Sheet
Total Assets	501.78B	508.88B	514.82B	556.71B	520.70B
Cash, Cash Equivalents and Short-Term Investments	36.07B	42.48B	61.20B	63.37B	59.52B
Total Debt	57.63B	60.72B	62.02B	110.91B	91.74B
Total Liabilities	101.58B	109.45B	129.04B	178.37B	159.69B
Stockholders Equity	395.60B	385.84B	379.63B	371.23B	354.64B
Cash Flow
Free Cash Flow	9.59B	-1.36B	4.23B	21.96B	21.88B
Operating Cash Flow	11.81B	1.04B	6.69B	25.15B	23.20B
Investing Cash Flow	-4.45B	-4.02B	44.70B	-6.65B	-8.67B
Financing Cash Flow	-13.64B	-11.99B	-55.87B	-15.22B	-16.44B

CK Asset Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 36.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1113, the sentiment is Positive. The current price of 36.7 is above the 20-day moving average (MA) of 35.23, above the 50-day MA of 33.70, and above the 200-day MA of 31.73, indicating a bullish trend. The MACD of 0.73 indicates Negative momentum. The RSI at 70.93 is Negative, neither overbought nor oversold. The STOCH value of 90.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1113.

CK Asset Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1109	76 Outperform	$211.08B	7.61	9.66%	0.18%	9.97%	-19.80%
1113	71 Outperform	$128.44B	9.51	3.52%	5.25%	-3.04%	-20.01%
0688	71 Outperform	$156.07B	9.08	4.15%	0.15%	-10.21%	-40.22%
0083	69 Neutral	HK$81.34B	21.40	2.17%	6.52%	-30.38%	-43.73%
0960	69 Neutral	$72.20B	6.13	6.64%	0.45%	-30.30%	-25.60%
Sector *	59 Neutral	C$1.26B	-2.66	-8.19%	4.91%	10.84%	-18.98%
2202	47 Neutral	$83.56B	―		13.43%	-32.30%	-620.87%

CK Asset Holdings Corporate Events

CK Asset Holdings to Forfeit Unclaimed 2018 Dividends

CK Asset Holdings Limited has announced the forfeiture of unclaimed dividends declared in 2018, which will revert to the company if not claimed by August 15, 2025. This move may impact shareholders who have not yet received their dividend payments, urging them to contact the company’s Hong Kong share registrar to claim their dividends before the deadline.

The most recent analyst rating on (HK:1113) stock is a Hold with a HK$36.00 price target. To see the full list of analyst forecasts on CK Asset Holdings stock, see the HK:1113 Stock Forecast page.

CK Asset Holdings AGM: Resolutions Passed with Strong Support

CK Asset Holdings Limited held its Annual General Meeting on May 22, 2025, where all proposed resolutions were passed with significant support. 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 AGM outcomes reflect strong shareholder confidence and are expected to positively impact the company’s governance and strategic direction.

The most recent analyst rating on (HK:1113) stock is a Hold with a HK$36.00 price target. To see the full list of analyst forecasts on CK Asset Holdings stock, see the HK:1113 Stock Forecast page.

CK Asset Holdings Defines Nomination Committee’s Role to Enhance Governance

CK Asset Holdings Limited has outlined the terms of reference for its Nomination Committee, established to ensure compliance with corporate governance standards. The committee is tasked with reviewing the board’s structure, identifying suitable director candidates, and promoting board diversity, which is crucial for aligning the company’s strategic goals and enhancing shareholder value.

The most recent analyst rating on (HK:1113) stock is a Hold with a HK$36.00 price target. To see the full list of analyst forecasts on CK Asset Holdings stock, see the HK:1113 Stock Forecast page.

CK Asset Holdings Defines Audit Committee’s Role in Governance

CK Asset Holdings Limited has outlined the terms of reference for its Audit Committee, emphasizing its role in overseeing the company’s financial reporting, risk management, and internal control systems. The committee, composed of independent non-executive directors, is tasked with ensuring compliance with corporate governance standards and facilitating communication between the board and external auditors, which is crucial for maintaining transparency and accountability within the company.

The most recent analyst rating on (HK:1113) stock is a Hold with a HK$36.00 price target. To see the full list of analyst forecasts on CK Asset Holdings stock, see the HK:1113 Stock Forecast page.