CK Hutchison Holdings Ltd.

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See more articles on CK Hutchison Holdings Ltd.

Company Background

CK Hutchison Holdings runs a broad range of businesses, from telecommunications and retail to energy and infrastructure. The Hong Kong conglomerate operates in more than 50 countries. Chairman Li Ka-shing has long been known as Asia's richest man.

The company was created in 2015 through a merger of two holding entities -- Cheung Kong (Holdings) and Hutchison Whampoa. As part of the reorganization, CK Hutchison spun off real estate businesses in Hong Kong and China into a new company, Cheung Kong Property Holdings.

Major CK Hutchison group members include 3 Group Europe, a mobile communications company; A.S. Watson Group, a retailer that runs around 10,000 drugstores, supermarkets and other shops in Asia and Europe; Husky Energy, an energy developer based in Canada; and Hutchison Port Holdings, which controls more than 50 container terminals worldwide.

In 2015, CK Hutchison acquired O2 UK, Britain's second-largest mobile service provider. The conglomerate actively pursues acquisitions, mainly targeting regulated industries that generate stable cash flow.

The group's history goes back to the 1950s, when Li established Cheung Kong Industries. The company started out manufacturing plastic flowers. Li developed it into a real estate investment business, and in 1979, Cheung Kong acquired British trading house Hutchison Whampoa.

The chairman has maintained close relationships with successive generations of high-ranking Chinese Communist Party officials. Li's first-born son, Deputy Chairman Victor Li Tzar-kuoi, appears almost certain to succeed him.

Business Summary

CK Hutchison Holdings Ltd. is an investment holding company, which engages in the development, innovation, operation and investment in different business sectors. It operates through the following segments: Ports and Related Service; Retail; Infrastructure; Telecommunications; and Finance & Investments and Others. The company was founded on December 12, 2014 and is headquartered in Hong Kong.

Financial Highlights

Dec 2021	HKD	USD
Revenue	280,847M	36,131.85M
Gross Profit	57,228M	7,362.56M
Operating income	32,680M	4,204.38M
Income before tax	30,591M	3,935.62M
Net income	33,484M	4,307.82M
EBITDA	77,936M	10,026.71M
Diluted EPS	8.70	1.11
Dividends Per Share	2.66	0.34
Total Assets	1,213.52B	155,654.09M
Total liabilities	581,685M	74,610.39M
Total equity	513,152M	65,819.94M
Operating cash flow	51,693M	6,650.46M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	248,515M	277,129M	299,021M	266,396M	280,847M
Gross Profit	80,393M	95,648M	73,186M	53,229M	57,228M
Operating income	32,748M	45,179M	52,208M	35,151M	32,680M
Income before tax	46,418M	49,198M	44,869M	55,274M	30,591M
Net income	35,100M	39,000M	39,830M	29,143M	33,484M
EBITDA	49,425M	64,494M	90,337M	76,809M	77,936M
Diluted EPS	9.10	10.11	10.32	7.55	8.70
Dividends Per Share	2.85	3.17	3.17	2.31	2.66
Total Assets	1,100.25B	1,232.24B	1,210.97B	1,254.59B	1,213.52B
Total liabilities	538,189M	653,747M	626,423M	636,948M	581,685M
Total equity	430,056M	446,151M	464,285M	494,296M	513,152M
Operating cash flow	52,404M	54,728M	68,872M	72,689M	51,693M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	31,890.26M	35,359.15M	38,163.80M	34,347.10M	36,131.85M
Gross Profit	10,316.29M	12,203.82M	9,340.66M	6,862.94M	7,362.56M
Operating income	4,202.33M	5,764.43M	6,663.26M	4,532.10M	4,204.38M
Income before tax	5,956.51M	6,277.22M	5,726.59M	7,126.61M	3,935.62M
Net income	4,504.14M	4,976.04M	5,083.47M	3,757.48M	4,307.82M
EBITDA	6,342.37M	8,228.85M	11,529.63M	9,903.17M	10,026.71M
Diluted EPS	1.16	1.29	1.31	0.97	1.11
Dividends Per Share	0.36	0.40	0.40	0.29	0.34
Total Assets	140,746.16M	157,387.78M	155,416.72M	161,802.98M	155,654.09M
Total liabilities	68,845.89M	83,499.52M	80,395.15M	82,146.03M	74,610.39M
Total equity	55,013.36M	56,984.42M	59,586.36M	63,748.46M	65,819.94M
Operating cash flow	6,724.65M	6,982.79M	8,790.07M	9,371.97M	6,650.46M

Valuation Measures

Dec 2021
PER	5.77
ROA	2.71%
ROE	6.64%
Operating margin	11.63%
Profit margin	11.92%

Key executives

Chairman & Group Co-Managing Director: Tzar Kuoi Li
Group Co-Managing Director & Executive Director: Kin Ning Fok
Group Finance Director & Executive Director: Frank John Sixt
Executive Director & Deputy Managing Director: Tak Chuen Ip
Executive Director & Deputy Managing Director: Hing Lam Kam

Shareholders

LI FAMILY (30.2%)
The Vanguard Group, Inc. (1.7%)
BlackRock Fund Advisors (1.5%)
Norges Bank Investment Management (1.0%)
First Sentier Investors (Hong Kong) Ltd. (0.7%)
State Street Global Advisors Asia Ltd. (0.6%)
Geode Capital Management LLC (0.5%)
Baillie Gifford & Co. (0.5%)
Mackenzie Financial Corp. (0.5%)
Southeastern Asset Management, Inc. (0.4%)

Contact Details

Website:http://www.ckh.com.hk
Address: Cheung Kong Center, 2 Queen's Road Central, Hong Kong, Hong Kong
Phone: +852.2128.1188

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Competitors

CK Infrastructure Holdings Limited
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Pacific Century Premium Developments Limited
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Last Updated on 17 Aug, 2022