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Power Assets Holdings Limited (0006.HK)

HKD57.85 +0.00 (+0.00%)
HK HKSE Utilities Independent Power Producers
Address Cheung Kong Center
Central, HK
CEO Chao Chung Tsai BAppScMechEng
IPO 2000-01-04
ISIN HK0006000050

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Also trades on Hong Kong Stock Exchange · 0006.HK (HKD) Other OTC · HGKGF (USD) Other OTC · HGKGY (USD)
Description

Power Assets Holdings Limited operates as an investment holding company primarily engaged in the generation, transmission, and distribution of electricity across Hong Kong, the United Kingdom, Australia, Mainland China, and other international regions. The company's energy portfolio is diverse, sourcing power from thermal, renewable, and waste materials. Beyond its core electricity business, Power Assets also handles the transmission and distribution of oil and gas, manages property and deposits, and offers various services including consulting, investment, trust administration, and management. Its substantial infrastructure includes a total generation capacity of 1,064 MW from renewable energy/waste, 5,214 MW from gas-fired plants, and 3,815 MW from coal/oil-fired facilities. The company also oversees an extensive network comprising 114,200 km of gas/oil pipelines and 402,500 km of power networks, collectively serving over 19.3 million customers. Established in 1889 and based in Central, Hong Kong, the company was rebranded as Power Assets Holdings Limited in February 2011, having previously been known as Hongkong Electric Holdings Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD57.85 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
4M
Beta
0.63
Float Shares
1.36B
Free Float %
64.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.99% -7.54% -7.54% -5.28% +15.47% +8.98% +22.78% +40.26% +26.66% -5.58% +148.35%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
57.85
DCF (Unlevered) 6.59 -88.6%
DCF (Levered) 4.73 -91.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 63% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 3 -1
Hold 2 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
10.40
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
2 / 5
Medium
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Independent Power Producers: +3.4%
    -88.6% Q4'25: -33.5% (vs Q4'23)
  • EPS growth Independent Power Producers: -2.8%
    +2.1% Q4'25: +4.9% (vs Q4'23)
  • FCF margin FCF growth · Independent Power Producers: +37.9%
    +99.2% Q4'25: +727.4% (vs Q4'23)
  • EBIT margin Independent Power Producers: +18.7%
    +61.5% Q4'25: +65.2% (vs Q4'23)
  • ROIC Independent Power Producers: +4.3%
    +0.5% Q4'25: +1.2% (vs Q4'23)
  • Share dilution Independent Power Producers: +0.0%
    +0.0% Q4'25: 0.0% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Independent Power Producers: 3.09×
    6.95× Q4'25: 3.01× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.63) × ERP
WACC = 97% × Ke + 3% × Kd (6.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 6.61 Current price: 57.85
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
6 Rev. Ana.
6 EPS Ana.
Dec 2027
7 Rev. Ana.
6 EPS Ana.
Dec 2028
4 Rev. Ana.
3 EPS Ana.
Revenue
1.31B
est: 1.57B (-16.9%)
1.29B
est: 1.33B (-3.4%)
1.42B
est: 1.32B (+7.5%)
1.56B
est: 1.51B (+2.7%)
1.35B
est: 1.52B (-11.5%)
1.27B
est: 1.41B (-9.9%)
1.28B
est: 1.45B (-11.9%)
1.27B
est: 1.27B (0.0%)
1.29B
est: 1.28B (+0.7%)
6.77B
est: 1.23B (+450.1%)
771.00M
est: 847.06M (-9.0%)
844.45M
708.85M – 937.75M
-0.3% YoY
863.32M
689.93M – 954.45M
+2.2% YoY
814.62M
667.14M – 902.58M
-5.6% YoY
EBITDA
1.46B
est: 1.50B (-2.4%)
490.00M
est: 1.27B (-61.4%)
8.71B
est: 1.26B (+592.7%)
1.31B
est: 1.44B (-8.9%)
1.68B
est: 1.45B (+15.5%)
1.31B
est: 1.34B (-2.2%)
1.49B
est: 1.38B (+8.0%)
1.17B
est: 1.21B (-3.4%)
1.14B
est: 1.22B (-7.1%)
6.52B
est: 1.08B (+504.4%)
478.00M
est: 742.45M (-35.6%)
740.16M
621.31M – 821.94M
-0.3% YoY
756.70M
604.72M – 836.58M
+2.2% YoY
714.01M
584.75M – 791.11M
-5.6% YoY
EBIT
7.99B
est: 1.50B (+433.4%)
252.00M
est: 1.27B (-80.1%)
8.71B
est: 1.26B (+593.4%)
1.31B
est: 1.44B (-8.9%)
7.27B
est: 1.45B (+401.8%)
1.31B
est: 1.34B (-2.4%)
1.49B
est: 1.38B (+7.9%)
1.16B
est: 1.20B (-3.3%)
1.13B
est: 1.22B (-7.3%)
6.52B
est: 1.08B (+505.7%)
474.00M
est: 740.57M (-36.0%)
738.29M
619.74M – 819.85M
-0.3% YoY
754.78M
603.19M – 834.46M
+2.2% YoY
712.21M
583.27M – 789.11M
-5.6% YoY
Net Income
7.73B
est: 6.06B (+27.6%)
6.42B
est: 6.07B (+5.8%)
8.32B
est: 6.98B (+19.2%)
7.64B
est: 7.79B (-2.0%)
7.13B
est: 7.12B (+0.1%)
6.13B
est: 6.19B (-0.9%)
6.14B
est: 6.53B (-6.0%)
5.65B
est: 6.63B (-14.8%)
6.00B
est: 5.96B (+0.8%)
6.12B
est: 6.17B (-0.8%)
6.24B
est: 6.30B (-1.0%)
8.51B
7.33B – 9.08B
+35.1% YoY
7.14B
5.98B – 7.88B
-16.1% YoY
7.12B
5.45B – 8.12B
-0.2% YoY
SGA
est: 110.50M (-100.0%)
2.00M
est: 93.67M (-97.9%)
523.00M
est: 92.74M (+464.0%)
310.00M
est: 106.39M (+191.4%)
168.00M
est: 106.95M (+57.1%)
150.00M
est: 98.97M (+51.6%)
140.00M
est: 101.67M (+37.7%)
156.00M
est: 88.88M (+75.5%)
est: 90.06M (-100.0%)
est: 168.56M (-100.0%)
348.00M
est: 115.95M (+200.1%)
115.59M
97.03M – 128.36M
-0.3% YoY
118.17M
94.44M – 130.65M
+2.2% YoY
111.51M
91.32M – 123.55M
-5.6% YoY
EPS
3.62
est: 2.84 (+27.3%)
3.01
est: 2.85 (+5.7%)
3.90
est: 3.27 (+19.1%)
3.58
est: 3.66 (-2.1%)
3.34
est: 3.34 (0.0%)
2.87
est: 2.90 (-1.2%)
2.88
est: 3.07 (-6.0%)
2.65
est: 3.11 (-14.8%)
2.82
est: 2.80 (+0.9%)
2.87
est: 2.90 (-0.9%)
2.93
est: 2.96 (-0.9%)
3.99
3.44 – 4.26
+35.1% YoY
3.35
2.80 – 3.70
-16.1% YoY
3.34
2.56 – 3.81
-0.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 3/5 2/5 5/5 4/5 2/5 3/5
2026-05-28 B+ 3/5 3/5 2/5 5/5 4/5 2/5 3/5
2026-05-27 B+ 3/5 3/5 2/5 5/5 4/5 2/5 3/5
2026-05-26 B+ 3/5 3/5 2/5 5/5 4/5 2/5 3/5
2026-05-22 B+ 3/5 3/5 2/5 5/5 4/5 2/5 3/5
2026-05-21 B+ 3/5 3/5 2/5 5/5 4/5 2/5 3/5
2026-05-20 B+ 3/5 3/5 2/5 5/5 4/5 2/5 3/5
2026-05-19 B+ 3/5 3/5 2/5 5/5 4/5 2/5 3/5
2026-05-18 B+ 3/5 3/5 2/5 5/5 4/5 2/5 3/5
2026-05-15 A- 4/5 3/5 2/5 5/5 4/5 3/5 3/5
2026-05-14 A- 4/5 3/5 2/5 5/5 4/5 3/5 3/5
2026-05-13 A- 4/5 3/5 2/5 5/5 4/5 3/5 3/5
2026-05-12 A- 4/5 3/5 2/5 5/5 4/5 3/5 3/5
2026-05-11 A- 4/5 3/5 2/5 5/5 4/5 3/5 3/5
2026-05-08 A- 4/5 3/5 2/5 5/5 4/5 3/5 3/5
2026-05-07 A- 4/5 3/5 2/5 5/5 4/5 3/5 3/5
2026-05-06 A- 4/5 3/5 2/5 5/5 4/5 3/5 3/5
2026-05-05 A- 4/5 3/5 2/5 5/5 4/5 3/5 3/5
2026-05-04 A- 4/5 3/5 2/5 5/5 4/5 3/5 3/5
2026-04-30 A- 4/5 3/5 2/5 5/5 4/5 3/5 3/5
2026-04-29 B+ 3/5 3/5 2/5 5/5 3/5 2/5 3/5
2026-04-28 B+ 3/5 3/5 2/5 5/5 3/5 2/5 3/5
2026-04-27 B+ 3/5 3/5 2/5 5/5 3/5 2/5 3/5
2026-04-24 B+ 3/5 3/5 2/5 5/5 3/5 2/5 3/5
2026-04-23 B 3/5 3/5 2/5 5/5 2/5 2/5 3/5
2026-04-22 B 3/5 3/5 2/5 5/5 2/5 2/5 3/5
2026-04-21 B 3/5 3/5 2/5 5/5 2/5 2/5 3/5
2026-04-20 B 3/5 3/5 2/5 5/5 2/5 2/5 3/5
2026-04-17 B 3/5 3/5 2/5 5/5 2/5 2/5 3/5
2026-04-16 B 3/5 3/5 2/5 5/5 2/5 2/5 3/5
2026-04-15 B 3/5 3/5 2/5 5/5 2/5 2/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
6.11B
OE per share TTM
2.87
Owner's Yield
4.77%
Maintenance CapEx ratio
0.06%
Maint CapEx / Avg PPE
0.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
33.86M
Shares Outstanding
2.13B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Chao Chung Tsai BAppScMechEng BSME Chief Executive Officer & Executive Director 5M male
Andrew John Hunter MDBA MHKICPA MICAS Executive Chairman 350.0K male
Loi Shun Chan FCCA FCPA Executive Director 70.0K male
Cho Ying Cheng Executive Director 70.0K male
Ka Man Yu Senior Manager & Head of European Business female
Kee Ham Chan Chief Financial Officer male
Wai Cheong Ng Group Legal Counsel & Company Secretary male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits