CLP Holdings (0002) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of CLP Holdings stock HK$44.27, price HK$80.95, that is 45.3% below the price, quality 53 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range HK$42.67 – HK$80.95 · fair‑value band HK$29.72 – HK$73.54 · the HK$80.95 price screens above the HK$44.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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CLP Holdings Limited, an investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.
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The company generates electricity through coal, gas, nuclear, and renewable resources, such as wind, hydro, and solar. It is also involved in the provision of pumped storage services, energy and infrastructure solutions, and property investment activities, as well as retail of electricity and gas.
CLP Holdings Limited was founded in 1901 and is headquartered in Kowloon, Hong Kong.
Stock analysis
CLP Holdings (0002) currently trades at HK$80.95, while our model-based Fair Value estimate is HK$44.27, 45% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of HK$67.01 per share, and 0 of the 24 models we run sit above the HK$80.95 price.
Bear case: the Asset-Based group reads lowest at HK$25.17, and 24 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: HK$29.72 (bear) to HK$73.54 (bull), the price of HK$80.95 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Utilities sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
CLP Holdings reported revenue of HK$88.0B in FY2025 versus HK$84.0B in FY2021, a compound +1.2%/yr. Reported net income was HK$10.7B in FY2025, compounding +5.4%/yr from FY2021.
Key figures
Market cap HK$205B (≈ $26.1B) Large · P/E ratio 17.9 · P/S ratio 2.16 · Dividend yield 4.0% · Net margin 12.1% · Return on equity 10.1% · Return on assets (EBIT) 4.2% (5-year average) · Operating margin 16.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 25% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −38% fair-value upside, at −45%, 0002 screens richer than that median.
Fair Value models
BearHK$29.72Fair Value HK$44.27BullHK$73.54
Price HK$80.95 · Downside -45.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−3.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−4.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.0%
Start year 2020 (pandemic). Over 10 years: +0.9% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.3%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+4.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.6%
Dividend (yield on the price)4.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.4.3% vs −1.9%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.19% → 15%
2025 sits 57% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+16.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+1.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (Hong Kong: IMF forecast 2.1% a year to 2030, 1.8% from 2016 to 2025) that is about +14.3% a year for the price and −0.8% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Regulated Electric · 155 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside−45.3% · Below median
Profitability
Return on equity (12 months)10.1% · Above median
Return on assets4.5% · Above median
Net margin (12 months)12.6% · Above median
Operating margin (12 months)16.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Dividend yield (12 months)4.0% · Above median
Balance sheet
Debt / equity0.49× · Below median
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
P/E (12 months)17.9× · Pricier than median
P/B1.90× · Pricier than median
P/S (12 months)2.32× · Pricier than median
Price / free cash flow (fiscal year)26.8× · Pricier than median
EV/EBITDA10.8× · Pricier than median
PEG5.85× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 15
FUTURE (revenue growth)0· sector 27
PAST (return on equity)40· sector 40
HEALTH (low debt)76· sector 52
DIVIDEND (yield)79· sector 64
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "CLP Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0002
Frequently asked questions
Is CLP Holdings (0002) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of HK$44.27 versus a price of HK$80.95, about 45% lower (overvalued).
What is the fair value of 0002?
Our model-based fair value for CLP Holdings is HK$44.27 (as of Nov 9, 2026), built from audited fundamentals. The current price: HK$80.95.
What is the quality score of 0002?
CLP Holdings has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for CLP Holdings (0002)?
Our model-based price target is the fair value of HK$44.27 (as of Nov 9, 2026) from 24 valuation models. Cautious scenario HK$29.72, optimistic scenario HK$73.54. It is a calculation from audited fundamentals, not an analyst target.
What is the CLP Holdings stock forecast for 2026?
Our models put fair value at HK$44.27, about 45% lower versus a price of HK$80.95 (overvalued). Cautious scenario HK$29.72, optimistic scenario HK$73.54. The calculation is refreshed regularly with new filings.
What is the revenue of CLP Holdings (0002)?
CLP Holdings reported trailing-twelve-month revenue of about HK$88.0B (latest available figure, as of Nov 9, 2026).
Does CLP Holdings pay a dividend?
CLP Holdings currently shows a dividend yield of 3.95% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of CLP Holdings (0002) and when is the ex-dividend date?
CLP Holdings pays a dividend of HK$3.20 per share a year, a dividend yield of 4.0%. The next ex-dividend date is Dec 2, 2026. A dividend has been paid every year since at least 1990. The payout ratio is 75.8% of earnings. Free cash flow covers the dividend 0.94 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into CLP Holdings (0002)?
For today's price to be fair in a discounted-cash-flow model, CLP Holdings would have to grow free cash flow by +16.7 % per year for five years (discount rate 8.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.0 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 0002 use?
Our models discount CLP Holdings at 8.7 %: a base by market capitalisation (large), damped by beta 0.56, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For CLP Holdings that is +16.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.7 %) and the same formula as our fair value.
How much growth has CLP Holdings (0002) delivered so far?
Over the past 5 years revenue at CLP Holdings grew +2.0 % a year. The price currently implies free-cash-flow growth of +16.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of CLP Holdings (0002) growing?
The median revenue growth in the sector is +4.8 % a year. That is the yardstick for the growth priced into CLP Holdings (+16.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CLP Holdings (0002)?
The free-cash-flow yield on the price is 3.73 %: that much free cash flow CLP Holdings produces per unit of market value. When it exceeds the discount rate of our models (8.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CLP Holdings (0002)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CLP Holdings it is HK$44.27 per share (as of Nov 9, 2026), against a price of HK$80.95. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is CLP Holdings stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 0002 trades above its calculated fair value: price HK$80.95, fair value HK$44.27, a gap of about −45% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0002?
No. The price is what the market pays today (HK$80.95); the fair value is what the company's own numbers justify (HK$44.27). For CLP Holdings the two are HK$36.68 per share apart. That gap is exactly why we show both numbers side by side.
How much is CLP Holdings worth?
The market values CLP Holdings at about HK$205B (market capitalisation, as of Nov 9, 2026). Per share that is HK$80.95; our models calculate a fair value of HK$44.27 per share.
What do the bullish and bearish scenarios say about 0002?
Our models span a range for CLP Holdings: cautious scenario HK$29.72, base HK$44.27, optimistic HK$73.54 per share (as of Nov 9, 2026, price HK$80.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0002?
CLP Holdings trades at a price-to-earnings ratio of 17.9 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$44.27 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 16.3. Other multiples: PEG 5.8, P/B 1.9, P/S 2.3, EV/EBITDA 10.8.
What is the PEG ratio of 0002?
The PEG ratio of CLP Holdings is 5.85 (P/E divided by earnings growth, as of Nov 9, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of CLP Holdings (0002)?
Balance-sheet figures for CLP Holdings (as of Nov 9, 2026): return on equity 10.1%, debt of 0.49 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 0002 from its 52-week high?
CLP Holdings trades at HK$80.95, at its 52-week high of HK$80.95 and 25% above the low of HK$64.62 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of HK$44.27 is for.
Which stocks are comparable to CLP Holdings?
From the same area (Utilities) we also value NextEra Energy, Inc, The Southern Company, Duke Energy Corporation, American Electric Power Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is CLP Holdings stock attractive at the current price?
The data as of Nov 9, 2026: price HK$80.95, calculated fair value HK$44.27 (−45%), Quality Score 53/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0002 calculated?
We run CLP Holdings through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of HK$44.27 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. CLP Holdings itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of CLP Holdings (0002)?
The closing price on Nov 6, 2026 was HK$80.95. Our model-based fair value is HK$44.27, about 45% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CLP Holdings right now?
The price sits above even our optimistic bull case (HK$73.54). The favourable scenario is already priced in. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (HK$29.72 to HK$73.54) leaves room in how you read the outcome.
Where does the earnings growth of CLP Holdings (0002) come from?
Earnings per share at CLP Holdings grew −3.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.6 %, EBIT margin −2.1 %, tax rate −0.9 %, residual (interest, one-offs) −1.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of CLP Holdings
How large is the market capitalisation of CLP Holdings (0002)?
The market capitalisation of CLP Holdings is HK$205B (≈ $26.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of CLP Holdings (0002)?
The price-to-sales ratio of CLP Holdings is 2.16 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of CLP Holdings (0002)?
The dividend yield of CLP Holdings is 4.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of CLP Holdings (0002)?
The net margin of CLP Holdings is 12.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of CLP Holdings (0002)?
The return on equity (ROE) of CLP Holdings is 10.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of CLP Holdings (0002)?
On an EBIT basis the return on assets of CLP Holdings is 4.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of CLP Holdings (0002)?
The operating margin of CLP Holdings is 16.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast are earnings growing at CLP Holdings (0002)?
Earnings per share at CLP Holdings are growing +6.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does CLP Holdings (0002) carry?
The net debt of CLP Holdings is HK$62.8B (fiscal year 2025, ≈ 8.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 9, 2026