XHKG0388
Market cap48bUSD
Dec 20, Last price
296.00HKD
1D
-0.94%
1Q
22.52%
Jan 2017
61.57%
Name
Hong Kong Exchanges and Clearing Ltd
Chart & Performance
Profile
Hong Kong Exchanges and Clearing Limited, together with its subsidiaries, owns and operates stock exchanges and futures exchanges, and related clearing houses in Hong Kong, Mainland China, and the United Kingdom. It operates through five segments: Cash, Equity and Financial Derivatives, Commodities, Post Trade, and Technology. The Cash segment covers various equity products traded on the cash market platforms of the Stock Exchange of Hong Kong Limited, the Shanghai Stock Exchange, and the Shenzhen Stock Exchange; sale of market data relating to the products; and other related activities. The Equity and Financial Derivatives segment provides and maintains trading platforms for a range of equity and financial derivative products, such as stock and equity index futures and options, derivative warrants, and callable bull/bear contracts and warrants, as well as sells related market data. The Commodities segment operates an exchange for the trading of base, ferrous, and precious metals futures and options contracts in the United Kingdom; and operates Qianhai Mercantile Exchange Co., Ltd., a commodity trading platform in the Mainland. This segment also covers commodities contracts traded on Futures Exchange. The Post Trade segment operates clearing houses that are responsible for clearing, settlement, depository, custodian, and nominee services. The Technology segment offers various services that provide users with access to the platform and infrastructure. The company serves issuers and investors. Hong Kong Exchanges and Clearing Limited is based in Central, Hong Kong.
Valuation
Title HKD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 15,445,000 -8.79% | 16,934,000 -13.03% | 19,471,000 15.66% | |||||||
Cost of revenue | 4,432,000 | 4,067,000 | 4,111,000 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 11,013,000 | 12,867,000 | 15,360,000 | |||||||
NOPBT Margin | 71.30% | 75.98% | 78.89% | |||||||
Operating Taxes | 1,351,000 | 1,564,000 | 2,343,000 | |||||||
Tax Rate | 12.27% | 12.16% | 15.25% | |||||||
NOPAT | 9,662,000 | 11,303,000 | 13,017,000 | |||||||
Net income | 11,862,000 17.70% | 10,078,000 -19.60% | 12,535,000 8.95% | |||||||
Dividends | (10,316,000) | (9,665,000) | (11,527,000) | |||||||
Dividend yield | 3.04% | 2.26% | 2.00% | |||||||
Proceeds from repurchase of equity | (448,000) | (700,000) | (1,362,000) | |||||||
BB yield | 0.13% | 0.16% | 0.24% | |||||||
Debt | ||||||||||
Debt current | 270,000 | 297,000 | 299,000 | |||||||
Long-term debt | 2,938,000 | 3,193,000 | 3,819,000 | |||||||
Deferred revenue | 307,000 | 333,000 | 354,000 | |||||||
Other long-term liabilities | 178,000 | 151,000 | 184,000 | |||||||
Net debt | (279,969,000) | (182,762,000) | (178,959,000) | |||||||
Cash flow | ||||||||||
Cash from operating activities | 11,500,000 | 14,956,000 | 12,340,000 | |||||||
CAPEX | (1,386,000) | (1,284,000) | (1,070,000) | |||||||
Cash from investing activities | (6,290,000) | (1,700,000) | 2,276,000 | |||||||
Cash from financing activities | (11,250,000) | (10,373,000) | (12,669,000) | |||||||
FCF | 9,871,000 | (327,095,000) | 17,979,000 | |||||||
Balance | ||||||||||
Cash | 224,698,000 | 276,389,000 | 342,333,000 | |||||||
Long term investments | 58,479,000 | (90,137,000) | (159,256,000) | |||||||
Excess cash | 282,404,750 | 185,405,300 | 182,103,450 | |||||||
Stockholders' equity | 52,805,000 | 69,564,000 | 68,984,000 | |||||||
Invested Capital | 1,080,000 | (20,108,000) | (18,139,000) | |||||||
ROIC | ||||||||||
ROCE | 20.05% | 25.47% | 29.55% | |||||||
EV | ||||||||||
Common stock shares outstanding | 1,267,809 | 1,267,724 | 1,267,571 | |||||||
Price | 267.60 -20.64% | 337.20 -25.96% | 455.40 7.10% | |||||||
Market cap | 339,265,688 -20.64% | 427,476,533 -25.95% | 577,251,833 7.25% | |||||||
EV | 59,748,688 | 263,632,533 | 416,749,833 | |||||||
EBITDA | 12,456,000 | 14,326,000 | 16,714,000 | |||||||
EV/EBITDA | 4.80 | 18.40 | 24.93 | |||||||
Interest | 6,095,000 | 2,358,000 | 147,000 | |||||||
Interest/NOPBT | 55.34% | 18.33% | 0.96% |