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 Services; Retail; Infrastructure; Husky Energy and Telecommunications. The company was founded on December 12, 2014 and is headquartered in Hong Kong.

Financial Highlights

Dec 2018	HKD	USD
Revenue	277,129M	35,359.15M
Gross Profit	95,648M	12,203.82M
Operating income	45,179M	5,764.43M
Income before tax	49,198M	6,277.22M
Net income	39,000M	4,976.04M
EBITDA	64,494M	8,228.85M
Diluted EPS	10.11	1.29
Dividends Per Share	3.17	0.40
Total Assets	1,232.24B	157,387.78M
Total liabilities	653,747M	83,499.52M
Total equity	446,151M	56,984.42M
Operating cash flow	54,728M	6,982.79M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	26,384M	166,760M	259,842M	248,515M	277,129M
Gross Profit	11,496M	56,357M	90,339M	80,393M	95,648M
Operating income	10,658M	56,357M	36,915M	32,748M	45,179M
Income before tax	17,591M	33,629M	46,463M	46,418M	49,198M
Net income	53,869M	38,189M	33,008M	35,100M	39,000M
EBITDA	11,051M	65,786M	52,513M	49,425M	64,494M
Diluted EPS	23.26	14.23	8.55	9.10	10.11
Dividends Per Share	3.65	2.55	2.68	2.85	3.17
Total Assets	457,941M	1,032.94B	1,013.46B	1,100.25B	1,232.24B
Total liabilities	60,939M	518,986M	499,785M	538,189M	653,747M
Total equity	394,145M	393,435M	394,169M	430,056M	446,151M
Operating cash flow	12,551M	31,250M	36,128M	52,404M	54,728M

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	3,402.33M	21,510.27M	33,474.19M	31,890.26M	35,359.15M
Gross Profit	1,482.45M	7,269.45M	11,637.93M	10,316.29M	12,203.82M
Operating income	1,374.39M	7,269.45M	4,755.58M	4,202.33M	5,764.43M
Income before tax	2,268.43M	4,337.78M	5,985.60M	5,956.51M	6,277.22M
Net income	6,946.64M	4,925.97M	4,252.26M	4,504.14M	4,976.04M
EBITDA	1,425.07M	8,485.69M	6,764.99M	6,342.37M	8,228.85M
Diluted EPS	2.99	1.83	1.10	1.16	1.29
Dividends Per Share	0.47	0.32	0.34	0.36	0.40
Total Assets	59,052.20M	133,280.50M	130,716.54M	140,746.16M	157,387.78M
Total liabilities	7,858.17M	66,964.63M	64,462.18M	68,845.89M	83,499.52M
Total equity	50,825.61M	50,764.82M	50,839.85M	55,013.36M	56,984.42M
Operating cash flow	1,618.50M	4,030.91M	4,654.19M	6,724.65M	6,982.79M

Valuation Measures

Dec 2018
PER	7.43
ROA	3.34%
ROE	8.90%
Operating margin	16.30%
Profit margin	14.07%

Key executives

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

Shareholders

LI FAMILY (30.0%)
The Vanguard Group, Inc. (1.9%)
Templeton Global Advisors Ltd. (1.4%)
BlackRock Fund Advisors (1.2%)
Norges Bank Investment Management (1.0%)
Southeastern Asset Management, Inc. (0.6%)
State Street Global Advisors Asia Ltd. (0.6%)
Invesco Asset Management Ltd. (0.5%)
First State Investments (Hong Kong) Ltd. (0.5%)
Eastspring Investments (Singapore) Ltd. (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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Last Updated on 18 Oct, 2019