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XHKG
0388
Market cap67bUSD
Jun 16, Last price  
419.60HKD
1D
1.45%
1Q
12.74%
Jan 2017
129.04%
IPO
3,749.54%
Name

Hong Kong Exchanges and Clearing Ltd

Chart & Performance

D1W1MN
P/E
40.64
P/S
30.57
EPS
10.33
Div Yield, %
1.97%
Shrs. gr., 5y
0.17%
Rev. gr., 5y
5.04%
Revenues
17.35b
+12.31%
2,694,057,0003,848,584,0008,390,470,0006,481,274,0006,414,086,0007,094,000,0007,357,000,0006,432,000,0008,131,000,0009,127,000,00012,233,000,00010,398,000,00011,574,000,00014,252,000,00013,565,000,00016,835,000,00019,471,000,00016,934,000,00015,445,000,00017,346,000,000
Net income
13.05b
+10.02%
1,339,548,0002,518,569,0006,169,278,0005,128,924,0004,704,044,0005,037,000,0005,093,000,0004,084,000,0004,552,000,0005,165,000,0007,956,000,0005,769,000,0007,404,000,0009,312,000,0009,391,000,00011,505,000,00012,535,000,00010,078,000,00011,862,000,00013,050,000,000
CFO
12.77b
+11.08%
1,399,898,0002,865,468,0007,644,184,0005,049,315,0004,373,998,0004,986,000,0005,273,000,0006,491,000,0004,988,000,0004,673,000,0008,321,000,0003,463,000,0007,413,000,0009,480,000,00010,062,000,00014,769,000,00012,340,000,00014,956,000,00011,500,000,00012,774,000,000
Dividend
Sep 03, 20244.36 HKD/sh
Earnings
Aug 19, 2025

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.
URL
https://www.hkexgroup.com/
IPO date
Jun 27, 2000
Employees
2,305
Domiciled in
HK
Incorporated in
HK

Valuation

Title
HKD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2024‑122023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑12
Income
Revenues
17,346,000
12.31%
15,445,000
-8.79%
16,934,000
-13.03%
Cost of revenue
4,756,000
4,432,000
4,067,000
Unusual Expense (Income)
NOPBT
12,590,000
11,013,000
12,867,000
NOPBT Margin
72.58%
71.30%
75.98%
Operating Taxes
1,698,000
1,351,000
1,564,000
Tax Rate
13.49%
12.27%
12.16%
NOPAT
10,892,000
9,662,000
11,303,000
Net income
13,050,000
10.02%
11,862,000
17.70%
10,078,000
-19.60%
Dividends
(10,416,000)
(10,316,000)
(9,665,000)
Dividend yield
2.79%
3.04%
2.26%
Proceeds from repurchase of equity
(481,000)
(448,000)
(700,000)
BB yield
0.13%
0.13%
0.16%
Debt
Debt current
260,000
270,000
297,000
Long-term debt
2,328,000
2,938,000
3,193,000
Deferred revenue
319,000
307,000
333,000
Other long-term liabilities
193,000
178,000
151,000
Net debt
(137,519,000)
(279,969,000)
(182,762,000)
Cash flow
Cash from operating activities
12,774,000
11,500,000
14,956,000
CAPEX
(1,604,000)
(1,386,000)
(1,284,000)
Cash from investing activities
3,194,000
(6,290,000)
(1,700,000)
Cash from financing activities
(11,261,000)
(11,250,000)
(10,373,000)
FCF
11,266,000
9,871,000
(327,095,000)
Balance
Cash
230,910,000
224,698,000
276,389,000
Long term investments
(90,803,000)
58,479,000
(90,137,000)
Excess cash
139,239,700
282,404,750
185,405,300
Stockholders' equity
54,400,000
52,805,000
69,564,000
Invested Capital
1,813,000
1,080,000
(20,108,000)
ROIC
752.99%
ROCE
21.95%
20.05%
25.47%
EV
Common stock shares outstanding
1,267,700
1,267,809
1,267,724
Price
294.80
10.16%
267.60
-20.64%
337.20
-25.96%
Market cap
373,717,960
10.15%
339,265,688
-20.64%
427,476,533
-25.95%
EV
236,753,960
59,748,688
263,632,533
EBITDA
13,992,000
12,456,000
14,326,000
EV/EBITDA
16.92
4.80
18.40
Interest
5,891,000
6,095,000
2,358,000
Interest/NOPBT
46.79%
55.34%
18.33%