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CK Hutchison Holdings (0001) AI Stock Analysis

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HK:0001

CK Hutchison Holdings

(HKEX:0001)

Select Model
Rating:64Neutral
Price Target:HKD 75.00â–²(13.29% Upside)
Action:reiterated
Date:08/19/26

The score is driven primarily by solid financial flexibility and strong reported cash generation, tempered by weaker profitability/ROE. Valuation is a clear positive due to the low P/E. Technical signals are neutral-to-soft in the near term, and the latest earnings call supports stability but flags reliance on FX/one-offs and ongoing operational pressure in telecoms and Ports.

Positive Factors
Strong cash generationImproved operating and free cash flow shows the diversified portfolio can convert earnings into funding for reinvestment, dividends and debt reduction. This supports financial resilience, although cash flow remains subject to portfolio and cycle-related variability.
Negative Factors
Weak profitability and declining returnsLower net income and ROE indicate that CK Hutchison is generating less profit from its substantial capital base. Persistently weak returns could constrain organic growth, reduce earnings quality and increase pressure to reshape the portfolio.

CK Hutchison Holdings (0001) vs. iShares MSCI Hong Kong ETF (EWH)

-10%0%10%20%30%40%50%HK:0001+32.20%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 30.66B
Dividend Yield
3.55%
Average Volume (3M)
5.74M
Price to Earnings (P/E)
6.7
Beta (1Y)
0.90
Revenue Growth
-2.34%
EPS Growth
388.55%
Country
Hong Kong
Employees
300,000
Sector
Industrials
Sector Strength
63
Industry
Conglomerates

CK Hutchison Holdings Business Overview & Revenue Model

Company Description

CK Hutchison Holdings Limited, a global investment firm, engages in a wide array of activities across various sectors worldwide. Its extensive portfolio includes investments in, development, and operation of port facilities, managing 291 berths sprea...

How the Company Makes Money

CK Hutchison makes money through multiple operating divisions that generate revenue and cash flow from recurring services and long-term assets: 1) Ports and related services - Revenue model: service fees tied to global trade flows and terminal throug...

CK Hutchison Holdings Earnings Call Summary

Earnings Call Date:Aug 12, 2026(Q2-2026)|% Change Since:-6.07%|Next Earnings Date:Mar 17, 2027
Earnings Call SentimentNeutral

Balanced/neutral: the company reported solid headline revenue, earnings and liquidity improvements (supported by large disposal proceeds and strong associate performance such as Cenovus and IOH) plus resilient Retail and Ports (excluding Panama). However, a sizable portion of headline growth was FX-driven, Ports were materially harmed by the Panama expropriation, telecoms face notable operational and margin pressures, and underlying free cash flow was weaker before one-off proceeds. Management is prudent on capital deployment while exploring options.

Positive Updates

Strong revenue and earnings growth (reported/pre-IFRS)
Underlying revenue increased 7% year-on-year (note: ~4 percentage points of this came from favorable FX), net earnings rose ~6% on a pre-IFRS 16 basis and ~7% post-IFRS 16.

Negative Updates

Significant part of growth driven by favorable FX
Management noted about 4 percentage points of the 7% revenue growth and roughly two-thirds of EBITDA growth were attributable to favorable foreign exchange translation rather than pure operational improvement.

Company Guidance

Guidance from the call was cautious but constructive: group underlying revenue grew 7% in H1 (with a +4ppt FX tailwind), net earnings rose ~6% pre‑IFRS16 (7% post) and the board used the 6% underlying growth to set a prudent interim dividend stance while expecting full‑year dividends to reflect full‑year underlying earnings; operating free cash flow was impacted by HKD3.7bn of associate/JV investments (operating cash bar HKD30.6bn), underlying free cash flow was HKD7.705bn vs HKD10.697bn a year ago (reported free cash flow HKD58.3bn, +88% YoY including one‑offs); balance sheet liquidity ~HKD187bn, net debt ~HKD64bn and consolidated net debt/total capital 8.1% (pro‑forma under ~HKD20bn and ~2–2.5% after the GBP4.3bn/~HKD45bn VodafoneThree proceeds); divisional guidance: Ports throughput 43.6m TEUs (‑1% overall, +3% ex‑Panama) and EBITDA HKD9.03bn (flat in LC, excl. Panama underlying HKD8.69bn) with full‑year earnings growth expected, Retail revenue/EBITDA/EBIT +9% reported (+5% LC) and H1 EBITDA HKD8.68bn (17,042 stores, loyalty base 183m, net store growth expected for full year), Infrastructure grew underlying EBITDA and raised its dividend ~3% to HKD0.75, Telecoms aiming for cost cuts and AI‑driven productivity to restore cash flow (3 Group Europe EBITDA down ~5% in LC), and capital deployment will be disciplined—prioritizing long‑term returns (M&A, reinvestment, dividends or buybacks to be decided by each group company).

CK Hutchison Holdings Financial Statement Overview

Summary

Cash generation is a key strength (operating cash flow and free cash flow improved in 2025), and leverage appears moderate with a sizable equity base. Offsetting this, profitability and returns weakened materially in 2025 (net income and ROE stepped down), reducing overall earnings quality despite stable revenue.

Income Statement

56Neutral

Balance Sheet

63Positive

Cash Flow

72Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue277.39B280.04B281.35B275.57B262.50B280.85B
Gross Profit156.01B162.70B171.01B165.68B45.26B57.23B
EBITDA66.22B66.10B67.11B85.14B65.42B77.94B
Net Income37.79B11.84B17.09B23.50B36.68B33.48B
Balance Sheet
Total Assets1.15T1.16T1.11T1.16T1.15T1.21T
Cash, Cash Equivalents and Short-Term Investments179.34B143.75B121.31B127.32B138.09B153.13B
Total Debt316.99B334.28B324.73B343.53B353.42B412.06B
Total Liabilities444.87B467.28B459.95B488.35B505.69B581.68B
Stockholders Equity578.48B562.77B534.72B548.60B523.51B513.15B
Cash Flow
Free Cash Flow47.30B43.82B33.86B26.14B30.55B12.05B
Operating Cash Flow64.60B62.57B54.23B51.44B56.40B51.69B
Investing Cash Flow18.70B-6.11B-19.90B-15.41B-5.17B-2.41B
Financing Cash Flow-33.56B-34.01B-40.35B-46.78B-66.27B-52.10B

CK Hutchison Holdings Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:0001 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:0019HK:001973OutperformHKD 125.93B16.323.38%3.76%6.76%618.77%
HK:0267HK:026773OutperformHKD 357.81B5.238.21%5.57%12.61%10.92%
HK:0001HK:000164NeutralHKD 253.55B6.716.62%3.55%-2.34%388.55%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:0363HK:036362NeutralHKD 14.58B7.174.00%8.35%-28.06%-23.13%
HK:0392HK:039261NeutralHKD 37.79B6.435.76%5.39%5.30%0.81%
HK:0656HK:065655NeutralHKD 36.16B-1.38-23.63%0.45%-1.33%-409.12%

* Industrials Sector Average

Performance Comparison

-25%0%25%50%HK:0001HK:0392HK:0267HK:0656HK:0363HK:0019Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:0001 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:0001CK Hutchison Holdings 66.2015.8831.57%
HK:0392Beijing Enterprises Holdings 30.04-2.32-7.17%
HK:0267CITIC 12.300.796.86%
HK:0656Fosun International 4.46-0.45-9.16%
HK:0363Shanghai Industrial Holdings 13.410.685.33%
HK:0019Swire Pacific Class A106.4044.3371.42%

CK Hutchison Holdings Corporate Events

CK Hutchison declares interim dividend for first half of 2026

Aug 13, 2026

CK Hutchison Holdings has declared an interim ordinary cash dividend of HKD 0.7455 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The dividend will be paid in Hong Kong dollars, with an ex-dividend da...

CK Hutchison lifts earnings, exits UK assets to hit record-low leverage

Aug 13, 2026

CK Hutchison Holdings reported higher interim revenue and earnings for the six months to 30 June 2026, despite operating in an exceptionally turbulent global environment marked by war-related disruptions, volatile commodity prices, and renewed inflat...

CK Hutchison Sets August Board Meeting to Approve Interim Results and Consider Dividend

Jul 30, 2026

CK Hutchison Holdings has scheduled a board meeting for 13 August 2026 to review and approve the group’s interim results for the six months ended 30 June 2026. The board will also decide on the publication of these results, providing investors...

CK Hutchison Sets 2026 Deadline for Unclaimed 2019 Dividends

Jul 14, 2026

CK Hutchison Holdings has announced that, under its Articles of Association, dividends that remain unclaimed for six years after declaration will be forfeited and revert to the company. The board has specified that its 2019 interim dividend of HK$0.8...

CK Hutchison Wins Strong Shareholder Backing for Dividend, Board and Capital Mandates

May 21, 2026

Shareholders of CK Hutchison Holdings approved all ordinary resolutions at the annual general meeting held on 21 May 2026, including the adoption of the 2025 audited financial statements and the declaration of a final dividend. Investors also backed...

CK Hutchison Confirms Board Line-Up and Committee Roles After AGM

May 21, 2026

CK Hutchison Holdings has confirmed a 16-member board of directors following its annual general meeting on 21 May 2026, comprising eight executive directors, one non-executive director and seven independent non-executive directors. The board continue...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 19, 2026