CK Infrastructure Holdings (1038) AI Stock Analysis

• Market Cap: $124.56B
• Dividend Yield: 4.99%
• Average Volume (3M): 1.74M
• Price to Earnings (P/E): 16.1
• Beta (1Y): 0.15
• Revenue Growth: -10.67%
• EPS Growth: 0.65%
• Country: HK
• Employees: 2,358
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Electric
• EPS (TTM): 1.73
• Shares Outstanding: 2,519,610,800
• 10 Day Avg. Volume: 1,569,044
• 30 Day Avg. Volume: 1,735,537
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.26
• Enterprise Value/Revenue: 30.21
• Enterprise Value/Gross Profit: 130.38
• Enterprise Value/Ebitda: 94.03
• 1Y Price Target: $61.89
• Price Target Upside: 19.12% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 72 Outperform
• Price Target: HK$58.00 ▲(11.65% Upside)

CK Infrastructure Holdings demonstrates strong financial stability and an attractive dividend yield, which are significant strengths. However, the lack of growth in revenue and cash flow, combined with a neutral technical outlook, suggests moderate overall potential.

Positive Factors

Negative Factors

CK Infrastructure Holdings Business Overview & Revenue Model

Company Description

CK Infrastructure Holdings Limited, an infrastructure company, develops, invests in, operates, and commercializes infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States. The company invests in energy infrastructure, transportation infrastructure, water infrastructure, waste management, waste-to-energy, household infrastructure, and infrastructure related businesses. It is also involved in the production and laying of asphalt; manufacture, distribution, and sale of cement; property investment and project management activities; and investment in securities, as well as provision of waste management services. The company was formerly known as Cheung Kong Infrastructure Holdings Limited and changed its name to CK Infrastructure Holdings Limited in May 2017. The company was incorporated in 1996 and is headquartered in Central, Hong Kong. CK Infrastructure Holdings Limited is a subsidiary of Hutchison Infrastructure Holdings Limited.

How the Company Makes Money

CK Infrastructure Holdings makes money primarily through its extensive investments in infrastructure assets across various sectors. The company generates revenue from the operation of energy infrastructure, including electricity generation and distribution, gas distribution, and renewable energy projects. Additionally, CK Infrastructure Holdings earns income from transportation infrastructure, such as toll roads and rail operations, as well as from water and waste management services. The company benefits from stable, long-term contracts and regulatory frameworks in these sectors, providing steady cash flows. Key partnerships and joint ventures with local and international entities further enhance its financial performance. CK Infrastructure Holdings' diversified portfolio and strategic investments in essential services ensure a consistent and robust revenue model.

CK Infrastructure Holdings Financial Statement Overview

Summary

CK Infrastructure Holdings exhibits solid profitability and financial stability, supported by strong margins and a robust equity base. However, declining revenue and cash flow metrics suggest potential growth and liquidity challenges, highlighting areas for strategic focus.

Income Statement

The income statement shows stable profitability with a strong net profit margin above typical industry standards, largely driven by robust gross profit and EBIT margins. However, the revenue has declined over the last three years, indicating potential growth challenges.

Balance Sheet

The balance sheet reflects a strong equity position with a high equity ratio and a declining trend in debt levels, enhancing financial stability. The debt-to-equity ratio is healthy, demonstrating prudent leverage management.

Cash Flow

The cash flow statement reveals a decreasing trend in operating cash flow and free cash flow over recent years, which could constrain operational flexibility. Nevertheless, free cash flow remains positive, indicating an ability to cover operational needs.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.99B	5.99B	6.62B	7.05B	7.18B
Gross Profit	2.66B	1.73B	3.53B	3.91B	4.40B
EBITDA	9.94B	9.86B	9.28B	8.94B	3.84B
Net Income	8.12B	8.03B	7.75B	7.51B	7.32B
Balance Sheet
Total Assets	157.84B	165.87B	165.87B	163.00B	167.41B
Cash, Cash Equivalents and Short-Term Investments	8.11B	13.08B	18.05B	8.09B	13.48B
Total Debt	19.54B	24.23B	38.45B	40.12B	47.63B
Total Liabilities	26.59B	32.60B	46.37B	47.04B	55.85B
Stockholders Equity	131.16B	133.18B	119.39B	115.83B	111.44B
Cash Flow
Free Cash Flow	1.59B	3.50B	6.64B	7.47B	8.15B
Operating Cash Flow	1.97B	3.85B	7.12B	7.83B	8.36B
Investing Cash Flow	3.18B	2.41B	9.03B	-1.04B	667.00M
Financing Cash Flow	-10.12B	-11.22B	-6.19B	-12.19B	-7.62B

CK Infrastructure Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 51.95
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1038, the sentiment is Negative. The current price of 51.95 is below the 20-day moving average (MA) of 52.21, below the 50-day MA of 52.81, and above the 200-day MA of 50.75, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 46.63 is Neutral, neither overbought nor oversold. The STOCH value of 27.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1038.

CK Infrastructure Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2638	74 Outperform	53.02B	16.78	6.31%	5.34%	2.58%	1.42%
0836	73 Outperform	92.10B	7.01	13.10%	5.89%	1.42%	-10.32%
1038	72 Outperform	$124.56B	16.12	6.64%	4.99%	-10.67%	0.65%
0002	68 Neutral	163.84B	14.36	11.42%	4.86%	2.02%	51.27%
0003	66 Neutral	126.89B	22.58	9.95%	5.15%	0.36%	2.55%
0006	61 Neutral	107.62B	17.50	7.03%	5.58%	-24.63%	1.74%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%

CK Infrastructure Holdings Corporate Events

CK Infrastructure Holdings Schedules Board Meeting for Interim Results

CK Infrastructure Holdings Limited has announced a board meeting scheduled for August 13, 2025, in Hong Kong. The meeting will address the approval of the interim results for the first half of 2025 and consider the payment of an interim dividend, which could impact the company’s financial strategy and shareholder returns.

The most recent analyst rating on (HK:1038) stock is a Hold with a HK$49.00 price target. To see the full list of analyst forecasts on CK Infrastructure Holdings stock, see the HK:1038 Stock Forecast page.