As of 2025-07-16, the Intrinsic Value of Hong Kong Exchanges and Clearing Ltd (388.HK) is 232.45 HKD. This 388.HK valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 424.40 HKD, the upside of Hong Kong Exchanges and Clearing Ltd is -45.20%.
The range of the Intrinsic Value is 180.74 - 672.51 HKD
Based on its market price of 424.40 HKD and our intrinsic valuation, Hong Kong Exchanges and Clearing Ltd (388.HK) is overvalued by 45.20%.
| Range | Selected | Upside | |
| a | |||
| DCF (Growth 5y) | 180.74 - 672.51 | 232.45 | -45.2% |
| DCF (Growth 10y) | 218.79 - 972.94 | 298.60 | -29.6% |
| DCF (EBITDA 5y) | 271.33 - 388.95 | 311.54 | -26.6% |
| DCF (EBITDA 10y) | 286.65 - 450.66 | 343.23 | -19.1% |
| Fair Value | 88.39 - 88.39 | 88.39 | -79.17% |
| P/E | 281.61 - 448.43 | 377.22 | -11.1% |
| EV/EBITDA | 417.18 - 591.02 | 490.43 | 15.6% |
| EPV | 193.72 - 248.59 | 221.16 | -47.9% |
| DDM - Stable | 127.64 - 1,293.44 | 710.54 | 67.4% |
| DDM - Multi | 236.07 - 1,721.35 | 403.76 | -4.9% |
| Market Cap (mil) | 538,071.30 |
| Beta | 1.60 |
| Outstanding shares (mil) | 1,267.84 |
| Enterprise Value (mil) | 398,394.28 |
| Market risk premium | 5.98% |
| Cost of Equity | 7.45% |
| Cost of Debt | 85.54% |
| WACC | 7.66% |