Hong Kong Exchanges and Clearing Limited
SEHK-388
Company Overview
Hong Kong Exchanges and Clearing Limited, together with its subsidiaries, owns and operates stock exchanges and futures exchanges, and related clearing houses in Hong Kong, Mainland China, and the United Kingdom. It operates through five segments: Cash, Equity and Financial Derivatives, Commodities, Post Trade, and Technology. The Cash segment covers various equity products traded on the cash market platforms of the Stock Exchange of Hong Kong Limited, the Shanghai Stock Exchange, and the Shenzhen Stock Exchange; sale of market data relating to the products; and other related activities. The Equity and Financial Derivatives segment provides and maintains trading platforms for a range of equity and financial derivative products, such as stock and equity index futures and options, derivative warrants, and callable bull/bear contracts and warrants, as well as sells related market data. The Commodities segment operates an exchange for the trading of base, ferrous, and precious metals futures and options contracts in the United Kingdom; and operates Qianhai Mercantile Exchange Co., Ltd., a commodity trading platform in the Mainland. This segment also covers commodities contracts traded on Futures Exchange. The Post Trade segment operates clearing houses that are responsible for clearing, settlement, depository, custodian, and nominee services. The Technology segment offers various services that provide users with access to the platform and infrastructure. The company serves issuers and investors. Hong Kong Exchanges and Clearing Limited is based in Central, Hong Kong.
Name
Hong Kong Exchanges and Clearing Limited
CEO
Ms. Yiting Chan
Website
www.hkex.com.hk
Sector
Capital Markets
Year Founded
1999
Profile
Market Cap
HK$283.25B
EV
HK$38.12B
Shares Out
1,264.51M
Revenue
HK$20.44B
Employees
2,441
Margins
Gross
95.51%
EBITDA
68.26%
Operating
66.08%
Pre-Tax
64.45%
Net
57.12%
FCF
49.29%
Returns (5Yr Avg)
ROA
3.06%
ROTA
35.92%
ROE
23.42%
ROCE
25.84%
ROIC
3.6%
Valuation (TTM)
P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—
Valuation (NTM)
Price Target
HK$283.45
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
Financial Health
Cash
HK$247.51B
Net Debt
-HK$245.65B
Debt/Equity
0.03
EBIT/Interest
190.24
Growth (CAGR)
Rev 3Yr
-1.06%
Rev 5Yr
4.76%
Rev 10Yr
8.7%
Dil EPS 3Yr
-3.22%
Dil EPS 5Yr
3.99%
Dil EPS 10Yr
8.81%
Rev Fwd 2Yr
4.25%
EBITDA Fwd 2Yr
4.19%
EPS Fwd 2Yr
3.37%
EPS LT Growth Est
15.3%
Dividends
Yield
—
Payout
89.61%
DPS
HK$8.27
DPS Growth 3Yr
-3.31%
DPS Growth 5Yr
-4.54%
DPS Growth 10Yr
4.41%
DPS Growth Fwd 2Yr
2.85%