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Utilities

CLP Holdings Ltd.

  • 81.15 HKD
  • -0.95
  • -1.16%
  • Hong Kong
    Aug 16, 2019
  • Ticker
    HKG(2)
  • Prev. close
    82.10
  • Market cap (HKD)
    207,422M
  • Market cap (USD)
    26,448.40M
  • Shares
    2,526.45M

Company Background

CLP Holdings is one of Asia's largest electric power companies. It is based in Hong Kong and has total assets of more than $27 billion. The company supplies electricity to 80% of Hong Kong's population. Since 1979, it has been investing in mainland China. CLP generates electricity from coal and nuclear plants and has become one of the largest independent power producers on the mainland. Today, it is focused on renewable energy and high-efficiency coal generation.

The company is also investing in other overseas markets. It regards India as a primary growth market and has gas and coal plants there. CLP also operates Hong Kong's biggest wind power plant project. In southeast Australia, CLP operates integrated energy businesses, supplying electricity to more than 2.6 million customers. It is also working on smart-grid technology in Australia.

Chairman Michael Kadoorie and his family holds around 28% stake in its holdings company. Kadoorie also leads Hong Kong-listed The Hongkong and Shanghai Hotels, which focuses on the development and management of luxury hotels, including the Peninsula brand. The company also has commercial and residential properties in Asia, the U.S. and Europe.

Business Summary

CLP Holdings Ltd. is an investment holding company, which engages in the generation and supply of electricity. It operates through the following geographical segments: Hong Kong, Mainland China, India, Southeast Asia and Taiwan, and Australia. It offers retail services in Hong Kong and Australia. The company was founded on October 24, 1997 and is headquartered in Hong Kong.

Financial Highlights

Dec 2018 HKDUSD
Revenue91,425M11,665.00M
Gross Profit18,199M2,322.02M
Operating income18,199M2,322.02M
Income before tax16,305M2,080.37M
Net income13,550M1,728.85M
EBITDA26,024M3,320.42M
Diluted EPS5.360.68
Dividends Per Share3.020.38
Total Assets230,514M29,442.29M
Total liabilities111,373M14,225.06M
Total equity109,053M13,928.74M
Operating cash flow22,373M2,854.59M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 92,259M 80,700M 79,434M 92,073M 91,425M
Gross Profit 14,117M 15,209M 16,300M 18,786M 18,199M
Operating income 14,117M 15,209M 16,300M 18,786M 18,199M
Income before tax 10,846M 18,084M 15,022M 16,669M 16,305M
Net income 11,221M 15,656M 12,711M 14,249M 13,550M
EBITDA 20,908M 21,804M 23,035M 25,970M 26,024M
Diluted EPS 4.44 6.20 5.03 5.64 5.36
Dividends Per Share 2.62 2.70 2.80 2.91 3.02
Total Assets 214,663M 203,964M 206,233M 228,151M 230,514M
Total liabilities 118,704M 108,823M 106,251M 112,435M 111,373M
Total equity 93,804M 93,118M 98,010M 108,697M 109,053M
Operating cash flow 19,924M 18,035M 23,217M 24,019M 22,373M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 11,897.19M 10,409.44M 10,233.09M 11,815.11M 11,665.00M
Gross Profit 1,820.44M 1,961.80M 2,099.85M 2,410.68M 2,322.02M
Operating income 1,820.44M 1,961.80M 2,099.85M 2,410.68M 2,322.02M
Income before tax 1,398.63M 2,332.64M 1,935.21M 2,139.02M 2,080.37M
Net income 1,446.99M 2,019.45M 1,637.49M 1,828.47M 1,728.85M
EBITDA 2,696.17M 2,812.48M 2,967.48M 3,332.55M 3,320.42M
Diluted EPS 0.57 0.79 0.64 0.72 0.68
Dividends Per Share 0.33 0.34 0.36 0.37 0.38
Total Assets 27,681.12M 26,317.42M 26,599.89M 29,185.39M 29,442.29M
Total liabilities 15,307.06M 14,041.40M 13,704.23M 14,382.84M 14,225.06M
Total equity 12,096.17M 12,014.99M 12,641.31M 13,904.67M 13,928.74M
Operating cash flow 2,569.28M 2,326.32M 2,990.93M 3,082.19M 2,854.59M

Valuation Measures

Dec 2018
PER16.50
ROA5.90%
ROE12.44%
Operating margin19.90%
Profit margin14.82%

Key executives

  • Chief Executive Officer & Executive Director: Richard Kendall Lancaster
  • Chief Operating Officer: Derek Parkin
  • Chief Financial Officer & Executive Director: Geert Herman August Peeters
  • Secretary & Chief Administrative Officer: David John Simmonds
  • Chief Corporate Development Officer: Wai Yan Chong

Shareholders

  • KADOORIE MICHAEL D FAMILY (27.6%)
  • BlackRock Fund Advisors (1.9%)
  • The Vanguard Group, Inc. (1.8%)
  • State Street Global Advisors Asia Ltd. (0.7%)
  • Hang Seng Investment Management Ltd. (0.6%)
  • Walter Scott & Partners Ltd. (0.4%)
  • Massachusetts Financial Services Co. (0.4%)
  • Pictet Asset Management SA (0.4%)
  • Investec Asset Management Ltd. (0.4%)
  • APG Asset Management NV (0.3%)

Contact Details

  • Website:http://www.clpgroup.com
  • Address: 8 Laguna Verde Avenue, Hung Hom, Hong Kong, Hong Kong
  • Phone: +852.2678.8111

Related Companies

  • Roms Nominees Ltd.
  • CLP Innovation Ventures Ltd.
  • CLP Investment Holdings Ltd.
  • CLP Nuclear Power (Yangjiang) Ltd.
  • Chin Leong Construction Systems Pte Ltd.
  • CLP Industries (Vietnam) Co. Ltd.
  • CLP Power (Thailand) Ltd.
  • CLP Group Provident Fund Scheme
  • CLP Investment Funds
  • CLP International Pte Ltd.
  • CLP India Pvt Ltd.
  • China Light & Power (Australia) Ltd.
  • CLP (Penglai) Wind Power Ltd.
  • Qian'an IW Power Co. Ltd.
  • CLP Guangxi Fangchenggang Power Co. Ltd.
  • CLP Power China Ltd.
  • Hong Kong Heritage Project Ltd.
  • Hong Kong Nuclear Investment Co. Ltd.
  • CLP Nuclear Investment Co. Ltd.
  • Malconna Co. Ltd.
  • CLP Wind Power China (South) Ltd.
  • CLP Wind Power China (North) Ltd.
  • CLP Renewables (Mauritius) Holdings Ltd.
  • CLP Renewables (Mauritius) Ltd.
  • CLP Renewables (India) Ltd.
  • CLP Power (Yallourn) Funding Ltd.
  • CLP Power Projects (Mauritius) Holdings Ltd.
  • CLP Power International Projects Ltd.
  • CLP Power China (Hainan) Ltd.
  • CLP India (BVI) Ltd.

Competitors

    Last Updated on 16 Aug, 2019

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