# CK Infrastructure Holdings Limited (CKI.L) fundamentals

Data as of 2026-11-04. LSE, United Kingdom. Sector: Utilities / Electric Utilities. Price 636p, market value 16.0 billionp.

## Valuation
- **P/E (trailing): 6.7×** (5-yr avg 168.2×, 3-yr avg 168.2×). CK Infrastructure Holdings Limited trades at 6.7× trailing earnings, well below its own five-year average of 168.2×: cheap by its own standards. The Utilities median in the September 2026 study was 21.2×. Forward P/E is 18.9×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 10.13**. A PEG of 10.13 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 3.6×**. Each dollar of revenue is priced at 3.6×.
- **Price / book: 1.1×**. The shares trade at 1.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 2.9×**. Enterprise value is 2.9× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 11.7%** (5-yr avg 0.1%). Free cash flow equals 11.7% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 14.9%**. The inverse of the P/E: 14.9% of the price is earned each year.

## Profitability
- **Gross margin: 53.6%**. CK Infrastructure Holdings Limited keeps 53.6% of revenue after the direct cost of what it sells.
- **Operating margin: 3.3%**. 3.3% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 187.1%**. 187.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.0%**. 6.0% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 0.1%**. Return on all capital, debt included, is 0.1%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 5.0%**. Each dollar of assets produces 5.0% of profit.

## Growth
- **Revenue growth (1 yr): -11.5%** (3-yr -12.6%/yr). Revenue fell 11.5% over the last year.
- **EPS growth (1 yr): 1.9%** (3-yr 2.1%/yr). Earnings per share rose 1.9%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 14.9%/yr**. Free cash flow has compounded at 14.9% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.15**. Debt is 0.15 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.3×**. It would take 1.3 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 0.2×**. Operating profit covers interest only 0.2×: fragile.
- **Current ratio: 0.89** (quick 0.88). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.53**. A Z-score of 1.53 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.86%** (0p per share, trailing). CK Infrastructure Holdings Limited yields 3.86%, an income-level yield.
- **Payout ratio: 79%** (348% of free cash flow). 79% of earnings goes out as dividends, leaving a thin cushion.

## Price and momentum
- **Total return (1 yr): 30.9%** (YTD 18.0%, 3-mo 9.5%). The shares are up 30.9% over twelve months including dividends.
- **From 52-week high: -5.3%** (29.4% above the low). Trading 5% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 57**. An RSI of 57 is neutral.
- **Beta (1 yr): 0.19** (volatility 24%). Beta of 0.19 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CKI.L · Page: https://foliofundamentals.com/stocks/cki.l

Not investment advice.