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Power Assets Holdings (0006) AI Stock Analysis
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Power Assets Holdings
(HKEX:0006)
The score is primarily supported by a very strong, low-leverage balance sheet, but is held back by weaker and choppier cash flow (notably the sharp 2025 free-cash-flow decline) and volatile revenue/earnings quality signals in 2025. Technicals are neutral and valuation is mixed, with a solid dividend yield offset by a mid-range P/E.
Power Assets Holdings (0006) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 16.20B
- Dividend Yield
- 4.41%
- Average Volume (3M)
- 3.11M
- Price to Earnings (P/E)
- 7.6
- Beta (1Y)
- 0.15
- Revenue Growth
- -12.24%
- EPS Growth
- 190.79%
- Country
- Hong Kong
- Employees
- 16
- Sector
- Utilities
- Sector Strength
- 66
- Industry
- Independent Power Producers
Power Assets Holdings Business Overview & Revenue Model
Company Description
Power Assets Holdings Limited operates as an investment holding company primarily engaged in the generation, transmission, and distribution of electricity across Hong Kong, the United Kingdom, Australia, Mainland China, and other international region...
How the Company Makes Money
Power Assets makes money primarily through returns from its utility investments, especially its stake in Hongkong Electric (HKE). The key revenue and earnings drivers are: (1) Electricity supply operations via HKE: HKE earns revenue by selling electr...
Power Assets Holdings Financial Statement Overview
Summary
Strong balance sheet strength and low leverage support financial resilience, but the income statement shows volatile revenue and 2025 includes a sharp sales decline (-22%) plus an unusual 0% gross margin. Cash flow remains positive but has weakened materially, with 2025 free cash flow down ~69% and weaker cash conversion versus net income.
Income Statement
62PositiveBalance Sheet
88Very PositiveCash Flow
49Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 717.00M | 771.00M | 6.77B | 1.29B | 1.26B | 1.28B |
| Gross Profit | 383.00M | 419.00M | 6.35B | 1.29B | 1.26B | 1.17B |
| EBITDA | 441.00M | 478.00M | 6.52B | 1.14B | 1.17B | 1.49B |
| Net Income | 17.90B | 6.24B | 6.12B | 6.00B | 5.65B | 6.14B |
Balance Sheet | ||||||
| Total Assets | 109.65B | 98.33B | 94.08B | 95.70B | 94.53B | 94.30B |
| Cash, Cash Equivalents and Short-Term Investments | 45.27B | 2.53B | 2.73B | 4.20B | 5.89B | 4.61B |
| Total Debt | 2.77B | 3.32B | 2.51B | 3.10B | 3.24B | 3.44B |
| Total Liabilities | 6.52B | 7.60B | 7.00B | 6.95B | 7.67B | 7.54B |
| Stockholders Equity | 103.13B | 90.72B | 87.08B | 88.75B | 86.86B | 86.77B |
Cash Flow | ||||||
| Free Cash Flow | 5.53B | 883.00M | 941.00M | 1.14B | 771.00M | 939.00M |
| Operating Cash Flow | 5.53B | 884.00M | 941.00M | 1.14B | 772.00M | 939.00M |
| Investing Cash Flow | 17.51B | 3.88B | 5.69B | 4.61B | 4.01B | 5.93B |
| Financing Cash Flow | -7.19B | -5.36B | -6.35B | -6.19B | -6.14B | -6.02B |
Power Assets Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0006, the sentiment is Positive. The current price of 63.90 is above the 20-day moving average (MA) of 60.75, above the 50-day MA of 60.29, and above the 200-day MA of 59.01, indicating a bullish trend. The MACD of 0.79 indicates Negative momentum. The RSI at 69.29 is Neutral, neither overbought nor oversold. The STOCH value of 79.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0006.
Power Assets Holdings Peers Comparison
Overall Rating
HK:083676Outperform
HK:103873Outperform
HK:263872Outperform
HK:000269Neutral- HK:000664Neutral
HK:000359Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0836 | 76Outperform | HKD 103.13B | 7.78 | 11.72% | 5.48% | 2.19% | 1.10% |
| HK:1038 | 73Outperform | HKD 168.75B | 7.08 | 17.92% | 3.72% | -9.36% | 208.75% |
| HK:2638 | 72Outperform | HKD 54.43B | 17.60 | 6.85% | 5.20% | 3.69% | -0.45% |
| HK:0002 | 69Neutral | HKD 195.55B | 18.04 | 10.14% | 4.13% | -1.91% | -5.03% |
| Sector * | 66Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% |
| HK:0006 | 64Neutral | HKD 136.18B | 7.61 | 18.47% | 4.41% | -12.24% | 190.79% |
| HK:0003 | 59Neutral | HKD 135.66B | 20.77 | 10.65% | 4.81% | 1.53% | 12.95% |
* Utilities Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0006 | Power Assets Holdings | 63.90 | 16.20 | 33.96% | |
| HK:1038 | CK Infrastructure Holdings | 70.65 | 21.89 | 44.89% | |
| HK:0002 | CLP Holdings | 77.40 | 13.54 | 21.21% | |
| HK:0836 | China Resources Power Holdings Co | 19.92 | 2.03 | 11.32% | |
| HK:2638 | HK Electric Investments & HK Electric Investments | 6.16 | 0.40 | 7.02% | |
| HK:0003 | Hong Kong & China Gas Co | 7.27 | 0.40 | 5.76% |
Power Assets Holdings Corporate Events
Power Assets turbocharges profit on UK asset sales, strengthens cash for global utility growth
Power Assets Holdings reported unaudited interim profit of HK$14,704 million for the six months to 30 June 2026, a 383% increase driven mainly by the divestment of its stakes in UK Power Networks and UK Rails. The group maintained its interim dividen...
Power Assets Declares HKD 0.78 Interim Dividend for First Half 2026
Power Assets Holdings Limited has declared an interim ordinary dividend of HKD 0.78 per share for the six months ended 30 June 2026, payable in Hong Kong dollars. The ex-dividend date is set for 9 September 2026, with the record date on 10 September...
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 06, 2026