Cheung Kong Infrastructure Holdings Limited: Company Profile and SWOT Analysis - PDF

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Cheung Kong Infrastructure Holdings Limited: Company Profile and SWOT Analysis - PDF Powered By Docstoc
					Cheung Kong Infrastructure Holdings Limited

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Cheung Kong Infrastructure                                               Financial Snapshot

Holdings Limited                                                         Operating Performance

Fast Facts                                                               The company reported revenues of US$362.16 million
                                                                         during 2010, with a CAGR of 11.48% during 2006–
                                                                         2010. Its revenue grew at an annual rate of 28.51%
Headquarters Address                 12th Floor, Hong Kong, ,Hong Kong
                                                                         over the previous fiscal year. In 2010, the company
                                                                         recorded an operating margin of 44.71%, as against
Telephone                            + 852 21223133
                                                                         98.08% in 2009.
Fax                                  + 852 25014550
                                                                         Revenue and Margins
Website                              www.cki.com.hk

Ticker Symbol, Stock Exchange        1038, Hong Kong Stock Exchange

Number of Employees                  1,028

Fiscal Year End                      December

Revenue (in US$ million)             362.16

Revenue (in HKD million)             2,814.00




                                                                         Return on Equity
SWOT Analysis                                                            The company recorded a return on equity (ROE) of
                                                                         11.01% for 2010, as compared to its peers, Hsin
Strengths                            Weaknesses                          Chong Construction Group Ltd. (Ticker: 0404),
                                                                         Hanison Construction Holdings Ltd. (Ticker: 0896)
Expanding Operating Margin and ROE Declining Market Share in Sector      and Yau Lee Holdings Limited (Ticker: 0406), which
                                                                         recorded ROEs of 19.56%, 14.56% and 4.32%
                                                                         respectively. The company reported an operating
Long Term Agreements                 Underutilization of Resources       margin of 44.71% in 2010.

Strong Liquidity Position
                                                                         Return on Equity

Opportunities                        Threats

China’s Rapid Urbanization           Increasing Labor Costs

Development in the water transport   Regulated Environment

Growth in Renewable Energy Sector    Sluggish Growth of UK Economy




                                                                         Liquidity Position

                                                                         The company reported a current ratio of 2.06 in 2010,
                                                                         as compared to its peers, Hsin Chong Construction
                                                                         Group Ltd., Hanison Construction Holdings Ltd. and
                                                                         Yau Lee Holdings Limited, which recorded current
                                                                         ratios of 1.08, 1.07 and 1.69 respectively. As of
                                                                         December 2010, the company recorded cash and
                                                                         short-term investments of worth US$699.87 million,
                                                                         against US$158.04 million current debt. The company
                                                                         reported a debt to equity ratio of 0.19 in 2010 as
                                                                         compared to its peers, Hsin Chong Construction
                                                                         Group Ltd., Hanison Construction Holdings Ltd. and
                                                                         Yau Lee Holdings Limited, which recorded debt to
                                                                         equity ratios of 0.62, 0.84 and 0.40 respectively.




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Cheung Kong Infrastructure Holdings Limited - SWOT                                                              Page 1
Profile
Cheung Kong Infrastructure Holdings Limited

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................11
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................12
      2.2.4       Operational Efficiency ......................................................................................................................................13
      2.2.5       Solvency ..........................................................................................................................................................14
      2.2.6       Valuation ..........................................................................................................................................................15
    2.3       Competitive Benchmarking ..................................................................................................................................16
      2.3.1       Market Capitalization .......................................................................................................................................17
      2.3.2       Efficiency ..........................................................................................................................................................18
      2.3.3       Capital Expenditure ..........................................................................................................................................19
      2.3.4       Valuation ..........................................................................................................................................................20
      2.3.5       Turnover – Inventory and Asset .......................................................................................................................21
      2.3.6       Liquidity ............................................................................................................................................................22
3     Mergers & Acquisitions and Partnerships ........................................................................................... 23
    3.1       M&A and Partnerships Strategy ...........................................................................................................................23
4     SWOT Analysis .........
				
DOCUMENT INFO
Description: This SWOT analysis and company profile is a crucial resource for industry executives and anyone looking to gain a better understanding of the company's business. ICD Research's "Cheung Kong Infrastructure Holdings Limited: Company Profile and SWOT Analysis" report utilizes a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. ICD Research strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report.
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