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CK Hutchison Holdings Limited (0001) Fair Value & Analysis

Industrials · HK · Market cap HK$271B (≈ $34.5B) · ISIN KYG217651051

What is CK Hutchison Holdings Limited really worth?

CH CK Hutchison Holdings Limited 0001 · HK
PriceHK$69.85
Fair ValueHK$56.02
Upside−19.8%
Quality57/100

A solid business, but trading 25% above our fair value of HK$56.02.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y +1.0 %/yr)
!Thin margins · 4.2% net margin
!Mixed vs. peers (7/15)
!Narrow moat 36/100
!Evidence only medium, so the estimate is less certain
!Weak on valuation: 7 out of 100
!Weak on past: 12 out of 100

For context

·3.18% dividend yield
Evidence: Medium Range HK$40.20 – HK$56.02

Fair value as of: Sep 4, 2026

From 13 valuation models · updated today

Fair value updated Sep 4, 2026, revised from HK$101.85 to HK$56.02 (−45.0%) since Aug 27, 2026. Share price −5.2% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (HK$56.02). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

HK$74.00 HK$31.22 Fair Value HK$56.02 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 4, 2026.

How to read this chart

60‑month range HK$31.22 – HK$74.00 · fair‑value band HK$40.20 – HK$56.02 · the HK$69.85 price screens above the HK$56.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 4, 2026.

Full chart & analysis →

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Analysis

CK Hutchison Holdings Limited (0001) currently trades at HK$69.85, while our model-based Fair Value estimate is HK$56.02, implying the stock looks roughly 24.7% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of HK$203.26 per share, and 9 of the 13 models we run sit above the HK$69.85 price. Bear case: the Dividend Discount group reads lowest at HK$38.26, and 4 of the 13 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, CK Hutchison Holdings Limited generated revenue of HK$280B at a net margin of 4.2%. Revenue declined 2.8% year over year. It earns a return on equity of 2.9%. Net debt stands at HK$191B. Fundamentals as of Sep 4, 2026

Our scenario range runs from HK$40.20 (bear case) to HK$56.02 (bull case); at HK$69.85, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 4% below its 52-week high and 58% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at −20%, 0001 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income best evidence HK$106.04 HK$102.77 HK$84.20 74
Growth DCF HK$170.14 HK$378.94 HK$729.61 71
Owner Earnings HK$114.36 HK$298.10 HK$701.08 66
All 13 models by family
DCF Models
Owner Earnings HK$114.36 HK$298.10 HK$701.08 66
5Y P/E Exit HK$68.60 HK$147.39 HK$248.98 66
10Y P/E Exit HK$102.00 HK$203.26 HK$356.23 59
Earnings-Based
Graham-Dodd HK$21.02 HK$146.61 HK$205.75 61
Lynch FV HK$75.74 HK$108.21 HK$140.67 59
Dividend Discount
Gordon GGM HK$21.39 HK$46.70 HK$78.58 63
DDM Multi-Stage HK$21.39 HK$38.26 HK$48.67 64
Multiples
P/E Multiple HK$48.69 HK$64.92 HK$81.15 63
P/B Multiple HK$39.42 HK$52.56 HK$65.70 55
Asset-Based
NCAV (Graham) HK$73.47 HK$98.45 HK$146.94 54
Growth DCF
Growth DCF HK$170.14 HK$378.94 HK$729.61 71
Rev-Margin DCF HK$91.33 HK$166.57 HK$325.21 66
Economic Profit
Residual Income best evidence HK$106.04 HK$102.77 HK$84.20 74

Widest divergence: DCF Models (HK$203.26) versus Dividend Discount (HK$38.26). Highest evidence: Residual Income (74).

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Key figures & financial health

P/E ratio 22.9 as of Jul 17, 2026
P/S ratio 0.97 P/E × margin
EPS (TTM) HK$0.2200 price ÷ EPS = P/E 22.9
Dividend yield 3.2%
Net margin 4.2% FY2025
Return on equity 2.9% TTM
More key figures
Profitability
Return on assets (EBIT) 6.4% avg 5y
Operating margin 10.6% TTM
Growth
Revenue (TTM) HK$280B TTM
Revenue growth (YoY) −2.8% 3y avg +2.2%
EPS growth (YoY) +59.7%
Balance sheet & cash flow
Free cash flow HK$43.8B FY2025
Net debt HK$191B FY2025 · ≈ 4.3 yrs of FCF

Figures from reported company fundamentals · as of Sep 4, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 57 · Market factors (momentum, volatility) 73

Profitability 21
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 84
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

CK Hutchison Holdings Limited, an investment holding company, primarily operates in ports and related services, retail, infrastructure, and telecommunications businesses in Hong Kong, Mainland China, Europe, Canada, Asia, Australia, and internationally.

Full company description

CK Hutchison Holdings Limited, an investment holding company, primarily operates in ports and related services, retail, infrastructure, and telecommunications businesses in Hong Kong, Mainland China, Europe, Canada, Asia, Australia, and internationally. The company operates through four segments: Ports and Related Services, Retail, Infrastructure, and Telecommunications. It invests in, develops, and operates ports, which operate 295 berths in 53 ports spanning 24 countries; and provides logistics and transportation-related services, such as cruise ship terminals, distribution centers, rail services, and ship repair facilities. It also operates retail brands with stores that offer personal care, health and beauty products, food and fine wines, consumer electronics, and electrical appliances, as well as operates supermarkets under Watsons, PARKnSHOP, and FORTRESS brands; and manufactures and distributes water and other beverages under the Watsons Water and Mr. Juicy brands. In addition, the company invests in energy infrastructure, transportation infrastructure, water infrastructure, waste management, waste-to-energy, household infrastructure, and other infrastructure related businesses. Further, the company provides mobile telecommunications and data services, as well as operates as an integrated energy company. Additionally, it researches, develops, manufactures, commercializes, markets, and sells nutraceuticals, pharmaceuticals, and agriculture-related products; provides marine construction and ship repair yard, water supply and sewerage, electricity generation and distribution, and gas distribution. CK Hutchison Holdings Limited was founded in 1828 and is based in Central, Hong Kong.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CK Hutchison Holdings Limited reported revenue of HK$280B in FY2025 versus HK$281B in FY2021, a compound −0.1%/yr. Reported net income was HK$11.8B in FY2025, compounding −22.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$280B
Latest YoY
−0.5%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.2%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.0%
Avg. revenue growth/yr (29Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.1%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
+27.1% (23.9 + 3.2)
Revenue −0.1%/yr
FY21 HK$281B
FY22 HK$262B
FY23 HK$276B
FY24 HK$281B
FY25 HK$280B
Net income −22.9%/yr
FY21 HK$33.5B
FY22 HK$36.7B
FY23 HK$23.5B
FY24 HK$17.1B
FY25 HK$11.8B
Character of growth · EPS growth decomposed (2014-2025) −7.9 % p.a.
Revenue per share +5.3 %

of which total revenue +7.7 % · buybacks/dilution −2.2 %

EBIT margin +10.8 %
Tax rate −1.9 %
Residual (interest, one-offs) −19.6 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

0001 screens 25% overvalued. Compare with ITOCHU Corporation →

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Cite: Fair Value Calculator (2026). "CK Hutchison Holdings Limited Fair Value". https://www.fairvalue-calculator.com/stock/0001

Peer Group

Conglomerates · 375 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 57 · Above median
Fair Value upside −20% · Below median
Return on equity (TTM) 3% · Below median
Return on assets 3% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth −3% · Below median
Dividend yield (TTM) 3.2% · Above median
Debt / equity 0.41× · Higher than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 22.9× · Pricier than median
P/B 0.48× · Cheaper than median
P/S (TTM) 1.58× · Pricier than median
P/FCF 1.3× · Pricier than median
EV/EBITDA 12.3× · Pricier than median
PEG 0.50× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE7 · sector 23
FUTURE0 · sector 17
PAST12 · sector 17
HEALTH80 · sector 89
DIVIDEND64 · sector 42

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Frequently asked questions

Is CK Hutchison Holdings Limited (0001) overvalued or undervalued?
As of Sep 4, 2026, our model estimates a fair value of HK$56.02 versus a price of HK$69.85, about −20% upside (overvalued).
What is the fair value of 0001?
Our model-based fair value for CK Hutchison Holdings Limited is HK$56.02 (as of Sep 4, 2026), built from audited fundamentals. The current price: HK$69.85.
What is the quality score of 0001?
CK Hutchison Holdings Limited has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of CK Hutchison Holdings Limited (0001)?
CK Hutchison Holdings Limited reported trailing-twelve-month revenue of about HK$280B (latest available figure, as of Sep 4, 2026).
What is the net profit margin of 0001?
The net profit margin of CK Hutchison Holdings Limited is about 4.2%, meaning it keeps roughly 4.2% of revenue as net income. Based on the latest reported figures.
Does CK Hutchison Holdings Limited pay a dividend?
CK Hutchison Holdings Limited currently shows a dividend yield of about 3.18% relative to its recent price (as of Sep 4, 2026).
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