CK Asset Holdings Limited

1113.HK

Real Estate - Development · Real Estate

Price

HK$47.32

+0.76 (+1.63%)

Market Cap

HK$165.61B

Exchange

Hong Kong Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Good

Cash Flow

Exceptional

Stability

Strong

Valuation

Good

Dividends

Mixed

Track this stock — start free trial

Share count falling — buybacks

−4.8% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 3.68B (2021) → 3.50B (2025)

Winston Score History

The full picture

CK Asset Holdings is a large Hong Kong-based company that buys land, builds homes, offices, and shopping centers, then sells or rents them out. Its main customers are homebuyers and businesses looking for office or retail space, primarily in Hong Kong and mainland China. The company also owns hotels, serviced apartments, and infrastructure assets like pubs and aircraft leasing businesses, making it more diversified than a typical property developer.

The company earns money by selling completed properties, collecting rent from tenants, and generating income from its non-property businesses. It operates mainly in Hong Kong, mainland China, the United Kingdom, and other international markets, and its large land bank and diversified asset base give it some protection against downturns in any single market. The biggest risk it faces is Hong Kong's prolonged property market slowdown, where falling home prices and weak buyer demand have pressured sales volumes and profit margins in recent years.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+61.5% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+37.8% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

HK$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

45.9%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

HK$306.3B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

CK Asset Holdings Limited grew revenue 62% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

25.6%

Modest — 25.6% gross margin

Profit after running costs

Operating Margin

13.0%

Healthy — 13.0% operating margin

Return on the money invested

ROCE

2.5%

Weak — 2.5% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+52.4%

Fast-growing sales (+52.4% YoY)

Profit growth

EPS YoY

+18.1%

Earnings growing fast (+18.1% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

111%

Turns 111% of profit into real cash

Spare cash per sale

FCF Margin

16.8%

Converts sales into free cash efficiently (16.8%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.13

Conservative — low debt load (0.13)

Covers its interest

Interest Cover

6.16x

Adequate interest coverage (6.2x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

12.5x

Attractive valuation — P/E 12.5

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

-0.5

SLOWING

Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

3.47%

Moderate income — 3.47% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

-41.3%

Dividend cut (-41.3% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial