HKSE:01113 (Hong Kong)
Business Description
CK Asset Holdings Ltd
2 Queen’s Road Central, 7th Floor, Cheung Kong Center, Hong Kong, HKG
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1CK1.Germany
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01113.Hong Kong
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CHKGF.USA
Description
CK Asset Holdings, or CK Asset, listed in June 2015. It consists of real estate assets formerly held by Cheung Kong Holdings and Hutchison Whampoa. Until recent diversification efforts, the company was a large pure-play property developer in the city and a proxy for the Hong Kong real estate market. The major shareholder, Li Family Trust, holds a 33% stake. The company changed its name from Cheung Kong Property to CK Asset in July 2017, reflecting its changing strategic focus. In 2019, recurrent incomes accounted for more than 40% of the earnings, with contributions from rental properties in Hong Kong and the mainland, hotels, aircraft leasing, utilities and infrastructures, U.K. pub, along with equity interests in REITs.
Financial Strength
6/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Cash-To-Debt | 0.62 | |||||
| Equity-to-Asset | 0.68 | |||||
| Debt-to-Equity | 0.27 | |||||
| Debt-to-EBITDA | 3.08 | |||||
| Interest Coverage | 20.13 | |||||
| Piotroski F-Score | 8/9 | |||||
| Altman Z-Score | 1.33 | |||||
| Beneish M-Score | 0 | |||||
| WACC vs ROIC | ||||||
Growth Rank
5/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 3-Year Revenue Growth Rate | 7.4 | |||||
| 3-Year EBITDA Growth Rate | -12.4 | |||||
| 3-Year EPS without NRI Growth Rate | -19.5 | |||||
| 3-Year FCF Growth Rate | 35.6 | |||||
| 3-Year Book Growth Rate | 4.7 | |||||
| Future 3-5Y Total Revenue Growth Rate Industry Rank | -1.3 |
Momentum Rank
9/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 5-Day RSI | 40.84 | |||||
| 9-Day RSI | 42.97 | |||||
| 14-Day RSI | 45.55 | |||||
| 6-1 Month Momentum % | 4.34 | |||||
| 12-1 Month Momentum % | 6.45 |
Liquidity Ratio
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Current Ratio | 2.98 | |||||
| Quick Ratio | 1.36 | |||||
| Cash Ratio | 0.81 | |||||
| Days Inventory | 1711.6 | |||||
| Days Sales Outstanding | 29.12 | |||||
| Days Payable | 65.47 |
Dividend & Buy Back
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Dividend Yield % | 4.08 | |||||
| Dividend Payout Ratio | 0.33 | |||||
| 3-Year Dividend Growth Rate | 2.2 | |||||
| Forward Dividend Yield % | 4.12 | |||||
| 5-Year Yield-on-Cost % | 5.43 | |||||
| 3-Year Average Share Buyback Ratio | 0.5 |
Profitability Rank
8/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Gross Margin % | 56.13 | |||||
| Operating Margin % | 38.57 | |||||
| Net Margin % | 34.59 | |||||
| ROE % | 5.78 | |||||
| ROA % | 4 | |||||
| ROIC % | 3.64 | |||||
| ROC (Joel Greenblatt) % | 16.36 | |||||
| ROCE % | 6.73 | |||||
| Years of Profitability over Past 10-Year | 10 |
GF Value Rank
3/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| PE Ratio | 9.38 | |||||
| Forward PE Ratio | 8.22 | |||||
| PE Ratio without NRI | 9.57 | |||||
| Shiller PE Ratio | 8.16 | |||||
| Price-to-Owner-Earnings | 8.9 | |||||
| PS Ratio | 3.19 | |||||
| PB Ratio | 0.51 | |||||
| Price-to-Tangible-Book | 0.53 | |||||
| Price-to-Free-Cash-Flow | 7.77 | |||||
| Price-to-Operating-Cash-Flow | 7.77 | |||||
| EV-to-EBIT | 7.59 | |||||
| EV-to-Forward-EBIT | 9.27 | |||||
| EV-to-EBITDA | 7.09 | |||||
| EV-to-Forward-EBITDA | 8.17 | |||||
| EV-to-Revenue | 3.79 | |||||
| EV-to-Forward-Revenue | 4.08 | |||||
| EV-to-FCF | 9.38 | |||||
| Price-to-Projected-FCF | 0.36 | |||||
| Price-to-Graham-Number | 0.47 | |||||
| Price-to-Net-Current-Asset-Value | 3.48 | |||||
| Earnings Yield (Greenblatt) % | 13.23 | |||||
| Forward Rate of Return (Yacktman) % | 13.86 |
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Analyst Estimate
Key Statistics
| Name | Value | ||
|---|---|---|---|
| Revenue (TTM) (Mil HK$) | 62,094 | ||
| EPS (TTM) (HK$) | 5.77 | ||
| Beta | 1.17 | ||
| Volatility % | 23.61 | ||
| 14-Day RSI | 45.55 | ||
| 14-Day ATR (HK$) | 0.985004 | ||
| 20-Day SMA (HK$) | 55.0025 | ||
| 12-1 Month Momentum % | 6.45 | ||
| 52-Week Range (HK$) | 41.35 - 57 | ||
| Shares Outstanding (Mil) | 3,633.24 |
Piotroski F-Score Details
Year:
| Component | Result | ||
|---|---|---|---|
| Piotroski F-Score | 8 | ||
| Positive ROA | |||
| Positive CFROA | |||
| Higher ROA yoy | |||
| CFROA > ROA | |||
| Lower Leverage yoy | |||
| Higher Current Ratio yoy | |||
| Less Shares Outstanding yoy | |||
| Higher Gross Margin yoy | |||
| Higher Asset Turnover yoy |
CK Asset Holdings Ltd Filings
| Document | Form | Filing Date | ||
|---|---|---|---|---|
| No Filing Data | ||||