CLP Holdings (0002.HK)

Utilities · HKEX · Hong Kong

HK$77.50+6.31% today

Fundamentals

Market capHK$193.53B

P/E ratio18.5

Dividend yield4.18%

Revenue growth (YoY)-3.7%

Profit margin12.1%

Return on equity10.1%

52-week rangeHK$64.00 to HK$78.00

Next earnings2026-08-06

Valuation and ratings

DCF fair valueHK$42.59

Upside to fair value-45.0%

Analyst target (mean)HK$77.40

Analyst rangeHK$69.50 to HK$86.64

Analysts covering9

Consensus viewbuy

Moat score50/100

Overall rating41/100, Reduce

CLP Holdings trades at HK$77.50, which is 45% above the HK$42.59 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.

Our moat model scores it 50 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.

It changes hands at 18.5 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.

About CLP Holdings

CLP Holdings Limited, an investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia. The company generates electricity through coal, gas, nuclear, and renewable resources, such as wind, hydro, and solar. It is also involved in the provision of pumped storage services, energy and infrastructure solutions, and property investment activities, as well as retail of electricity and gas. CLP Holdings Limited was founded in 1901 and is headquartered in Kowloon, Hong Kong.

Industry: Utilities - Regulated ElectricEmployees: 8,376HQ: Hong Kong

0002.HK passes 5 of our 30 screens today

Each screen prints the exact criteria it used, and the circumstances in which it is wrong.

Dividend powerhouses

Yields above 3%, filtered for the one thing yield screens never check: whether the company can actually afford it.

Low volatility defensives

Companies that move less than the market and pay you to wait. The holdings that let you sleep, and let you hold everything else.

Data centres and power

AI's binding constraint turned out not to be chips. It is electricity, and the grid was not built for this.

China and Hong Kong

Enormous growth, and a structure in which you may not legally own the company you think you bought. Both are true at once.

Dividend aristocrats

Companies with long, unbroken records of raising their dividend. The record is the point: it is evidence, not a promise.

Common questions

Is CLP Holdings (0002.HK) undervalued?

Against our discounted cash flow estimate of HK$42.59, 0002.HK at HK$77.50 is 45% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.

What is 0002.HK's P/E ratio?

0002.HK trades at 18.5 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.

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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.