CLP Holdings (0002) AI Stock Analysis

• Market Cap: HK$171.04B
• Dividend Yield: 4.78%
• Average Volume (3M): 2.87M
• Price to Earnings (P/E): 15.0
• Beta (1Y): 0.17
• Revenue Growth: 2.02%
• EPS Growth: 51.27%
• Country: HK
• Employees: 7,069
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Electric
• EPS (TTM): N/A
• Shares Outstanding: 2,526,450,700
• 10 Day Avg. Volume: 3,184,711
• 30 Day Avg. Volume: 2,866,563
• PEG Ratio: 0.18
• Price to Book (P/B): 1.59
• Price to Sales (P/S): 1.81
• P/FCF Ratio: 24.13
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$73.91
• Price Target Upside: 9.17% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: HK$71.00 ▲(4.87% Upside)

CLP Holdings' overall stock score reflects solid financial performance and reasonable valuation, with a strong dividend yield. However, technical indicators suggest a neutral trend, and challenges in certain markets have impacted earnings and cash flow. The company's strategic focus on renewable energy and strong performance in Hong Kong are positive factors, but increased leverage and declining free cash flow warrant caution.

Positive Factors

Strong Hong Kong Business Performance

The strong performance in Hong Kong, with high reliability and significant CapEx, ensures a stable revenue base and supports long-term growth through infrastructure investments.

Energy Transition Projects in Mainland

Commissioning new renewable projects enhances CLP's portfolio, aligning with global sustainability trends and providing long-term growth opportunities through diversified energy sources.

Strategic Partnerships

Strategic partnerships in energy storage projects bolster CLP's capacity portfolio, increasing flexibility and resilience in energy supply, crucial for adapting to future energy demands.

Negative Factors

Decrease in Operating Earnings

The decline in operating earnings reflects challenges in key markets, which could pressure profitability and limit financial flexibility if not addressed effectively.

Challenges in Australia

Intense competition and economic pressures in Australia could hinder CLP's market share and profitability, necessitating strategic adjustments to maintain competitive advantage.

Reduced Cash Flow

Reduced free cash flow limits CLP's ability to reinvest in growth opportunities or reduce debt, potentially impacting long-term financial health and operational flexibility.

CLP Holdings Business Overview & Revenue Model

Company Description

CLP Holdings Limited, an investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Southeast Asia, Taiwan, and Australia. The company generates electricity through coal, gas, nuclear, and renewable resources, such as wind, hydro, and solar. It serves 5.15 million retail customers in Hong Kong and Australia. The company is also involved in the provision of pumped storage services, and energy and infrastructure solutions; property investment activities; and retail of electricity and gas. It has generating capacity of 20,018 equity megawatts; and 16,834 kilometers of transmission and high voltage distribution lines. CLP Holdings Limited was founded in 1901 and is based in Hung Hom, Hong Kong.

How the Company Makes Money

CLP Holdings generates revenue through several key streams: electricity sales from its generation assets, which include coal, gas, and renewable energy sources; transmission and distribution services that ensure electricity reaches consumers; and energy-related services that encompass energy efficiency and management solutions. The company benefits from long-term power purchase agreements (PPAs) and regulated tariffs in its core markets, particularly in Hong Kong, which provide a stable revenue base. Additionally, CLP invests in renewable energy projects, aligning with global trends towards sustainability, thereby enhancing its earnings potential while responding to regulatory and market demands for cleaner energy solutions.

CLP Holdings Financial Statement Overview

Summary

CLP Holdings demonstrates solid revenue and profit growth with improved profitability margins. However, increased leverage and a decline in free cash flow could pose risks if not managed prudently. The company benefits from a strong equity base and good cash generation capabilities, but monitoring cash flow trends and debt levels is essential for future stability.

Income Statement

CLP Holdings showed robust revenue growth of 4.35% from 2023 to 2024. The gross profit margin improved slightly to 32.25%, and the net profit margin increased significantly to 13.06%, indicating enhanced profitability. The EBIT margin rose to 16.39%, and the EBITDA margin was strong at 29.42%. Overall, the company's income statement reflects positive growth and profitability trends, although the previous years showed volatility.

Balance Sheet

The debt-to-equity ratio increased to 0.63, reflecting higher leverage, which could indicate potential risks if not managed carefully. Return on equity (ROE) improved significantly to 11.41%, showcasing better utilization of equity to generate profits. The equity ratio remains stable at 44.52%, suggesting a solid capital structure. While leverage has increased, the company maintains a strong equity base.

Cash Flow

The free cash flow decreased by 34.25% from 2023 to 2024. The operating cash flow to net income ratio is robust at 1.95, indicating strong cash generation relative to net income. However, the free cash flow to net income ratio decreased to 0.58, showing reduced cash availability for reinvestment or debt reduction. Despite healthy operating cash flows, declining free cash flow may pose a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	89.73B	90.96B	87.17B	100.66B	83.96B	79.59B
Gross Profit	20.39B	29.33B	28.53B	18.86B	26.63B	28.04B
EBITDA	23.95B	24.23B	21.07B	12.18B	22.13B	23.32B
Net Income	11.51B	11.88B	6.79B	1.06B	8.63B	11.59B
Balance Sheet
Total Assets	240.48B	233.71B	229.05B	236.03B	239.81B	234.23B
Cash, Cash Equivalents and Short-Term Investments	3.02B	4.98B	5.19B	4.29B	8.26B	13.91B
Total Debt	65.56B	65.30B	59.33B	64.06B	63.27B	59.65B
Total Liabilities	124.83B	123.59B	116.67B	124.22B	116.99B	112.15B
Stockholders Equity	109.66B	104.06B	106.22B	109.39B	116.92B	116.09B
Cash Flow
Free Cash Flow	5.55B	6.84B	10.39B	-5.03B	3.02B	11.02B
Operating Cash Flow	21.34B	23.14B	23.57B	10.19B	16.30B	22.06B
Investing Cash Flow	-16.22B	-16.22B	-9.47B	-15.38B	-11.79B	-10.08B
Financing Cash Flow	-6.00B	-7.04B	-13.14B	-987.00M	-8.48B	-10.21B

CLP Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 67.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0002, the sentiment is Positive. The current price of 67.7 is above the 20-day moving average (MA) of 66.30, above the 50-day MA of 65.56, and above the 200-day MA of 64.58, indicating a bullish trend. The MACD of 0.48 indicates Negative momentum. The RSI at 75.70 is Negative, neither overbought nor oversold. The STOCH value of 98.37 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0002.

CLP Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0836	73 Outperform	$98.16B	7.46	13.23%	5.43%	1.42%	-10.32%
1038	72 Outperform	$121.82B	15.76	6.64%	4.89%	-10.67%	0.65%
2638	69 Neutral	$53.81B	17.00	6.56%	5.23%	2.58%	1.42%
0002	68 Neutral	HK$171.04B	14.98	10.96%	4.78%	2.02%	51.27%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
0003	65 Neutral	$135.66B	24.07	9.86%	4.64%	0.36%	2.55%
0006	62 Neutral	$106.66B	17.33	7.05%	5.53%	-24.63%	1.74%

CLP Holdings Corporate Events

CLP Holdings Reports Mixed Results Amid Strategic Expansion

CLP Holdings Limited is a Hong Kong-based company primarily engaged in the generation, transmission, and distribution of electricity, with operations spanning across Hong Kong, Mainland China, Australia, India, and other regions, focusing on both conventional and renewable energy sources.

CLP Holdings Reports Q3 2025 Results Amid Strategic Energy Initiatives

CLP Holdings reported a slight decrease in electricity sales in Hong Kong for the first nine months of 2025, attributed to lower average temperatures, despite increased sales to data centers and transport electrification efforts. The company effectively managed the impact of Super Typhoon Ragasa, maintaining stable operations and supporting critical infrastructure. CLP is advancing its Clean Energy Transmission System to enhance Hong Kong’s decarbonization efforts and is expanding its electric vehicle charging network. The company is also nearing completion of its smart meter installation project and is actively engaging in partnerships to promote sustainable development and energy efficiency.

The most recent analyst rating on (HK:0002) stock is a Hold with a HK$71.00 price target. To see the full list of analyst forecasts on CLP Holdings stock, see the HK:0002 Stock Forecast page.

CLP Holdings Declares Third Interim Dividend for 2025

CLP Holdings Limited has announced a third interim dividend of HKD 0.63 per share for the financial year ending December 31, 2025. The dividend will be paid on December 15, 2025, with the record date set for December 4, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and maintaining its financial stability.

The most recent analyst rating on (HK:0002) stock is a Hold with a HK$71.00 price target. To see the full list of analyst forecasts on CLP Holdings stock, see the HK:0002 Stock Forecast page.

CLP Holdings to Consider Third Interim Dividend in Upcoming Board Meeting

CLP Holdings Limited has announced a Board of Directors meeting scheduled for 20 October 2025, where the declaration of the third interim dividend for the year will be considered. This meeting is significant as it reflects the company’s ongoing financial planning and commitment to shareholder returns, potentially impacting investor sentiment and market positioning.

The most recent analyst rating on (HK:0002) stock is a Hold with a HK$71.00 price target. To see the full list of analyst forecasts on CLP Holdings stock, see the HK:0002 Stock Forecast page.

CLP Holdings Reports Resilient Performance Amid Global Challenges

CLP Holdings Limited, a prominent energy provider in the Asia-Pacific region, operates across Hong Kong, the Chinese Mainland, India, and Australia, with a focus on renewable energy and flexible generation capacity. In the first half of 2025, CLP Holdings reported total earnings of HK$5,624 million, a slight decrease from the previous year, attributed to challenges in its international operations despite strong performance in Hong Kong. The company’s operating earnings before fair value movements fell by 8.0% to HK$5,227 million, primarily due to competitive pressures in Australia’s retail market and reduced contributions from its Chinese Mainland operations. However, CLP Holdings declared a consistent interim dividend of HK$0.63 per share, reflecting stability in shareholder returns.

CLP Holdings Declares Second Interim Dividend for 2025

CLP Holdings Limited has announced a second interim ordinary dividend of HKD 0.63 per share for the financial year ending December 31, 2025. The ex-dividend date is set for September 2, 2025, with the payment date scheduled for September 15, 2025. This announcement reflects the company’s ongoing commitment to delivering shareholder value and maintaining a stable dividend policy.

The most recent analyst rating on (HK:0002) stock is a Buy with a HK$78.00 price target. To see the full list of analyst forecasts on CLP Holdings stock, see the HK:0002 Stock Forecast page.

CLP Holdings Reports Resilient Interim Results Amid Global Challenges

CLP Holdings reported a resilient performance for the first half of 2025 despite global market challenges, with total earnings of HK$5,624 million, slightly down from the previous year. The company declared a second interim dividend of HK$0.63 per share, maintaining its commitment to shareholders. In Hong Kong, CLP advanced its decarbonization efforts with initiatives like LNG bunkering and electric vehicle charging networks, while facing a challenging market environment on the Chinese Mainland and competitive pressures in Australia. These developments highlight CLP’s strategic focus on sustainability and operational excellence, reinforcing its position in the energy sector.

The most recent analyst rating on (HK:0002) stock is a Buy with a HK$78.00 price target. To see the full list of analyst forecasts on CLP Holdings stock, see the HK:0002 Stock Forecast page.