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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

D1W1MN
XHKG:0388 chart
P/E
31.55
P/S
18.35
EPS
9.38
Div Yield, %
2.76%
Shrs. gr., 5y
0.37%
Rev. gr., 5y
7.43%
Revenues
15.45b
-8.79%
2,393,937,0002,694,057,0003,848,584,0008,390,470,0006,481,274,0006,414,086,0007,094,000,0007,357,000,0006,432,000,0008,131,000,0009,127,000,00012,233,000,00010,398,000,00011,574,000,00014,252,000,00013,565,000,00016,835,000,00019,471,000,00016,934,000,00015,445,000,000
Net income
11.86b
+17.70%
1,056,884,0001,339,548,0002,518,569,0006,169,278,0005,128,924,0004,704,044,0005,037,000,0005,093,000,0004,084,000,0004,552,000,0005,165,000,0007,956,000,0005,769,000,0007,404,000,0009,312,000,0009,391,000,00011,505,000,00012,535,000,00010,078,000,00011,862,000,000
CFO
11.50b
-23.11%
1,816,353,0001,399,898,0002,865,468,0007,644,184,0005,049,315,0004,373,998,0004,986,000,0005,273,000,0006,491,000,0004,988,000,0004,673,000,0008,321,000,0003,463,000,0007,413,000,0009,480,000,00010,062,000,00014,769,000,00012,340,000,00014,956,000,00011,500,000,000
Dividend
Sep 03, 20244.36 HKD/sh
Earnings
Feb 24, 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.
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
2023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑122014‑12
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%