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Hong Kong Exchanges and Clearing Ltd
SWB:HK2C

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Hong Kong Exchanges and Clearing Ltd
SWB:HK2C
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Price: 44.855 EUR -1.33% Market Closed
Market Cap: €104.6B

DCF Value

This DCF valuation model was created by Alpha Spread and was last updated on Jun 7, 2026.

Estimated DCF Value of one HK2C stock is 14.563 EUR. Compared to the current market price of 44.855 EUR, the stock is Overvalued by 68%.

HK2C DCF Value
14.563 EUR
Overvaluation 68%
DCF Value
Price €44.855
Bear Case
Base Case
Bull Case
14.563
DCF Value
Bear Case
Base Case
Bull Case
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DCF Value: 14.563 EUR

Present Value Calculation

This block is the starting point of the DCF valuation process. It calculates the present value of a company's forecasted cash flows based on selected operating model. Adjust key parameters like discount rate and terminal growth, and alter inputs such as revenue growth and margins to see their impact on valuation.

DCF Model
Base Case Scenario

The present value of cash flows over the next 5 years amounts to 83.7B HKD. The present value of the terminal value is 223B HKD. The total present value equals 306.7B HKD.
Forecast Period
Years
Discount Rate
%
Show All DCF Settings
Terminal Growth
%
Hide DCF Settings
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DCF Value Calculation

This stage translates the present value into DCF value per share. For firm valuation models, it adjusts present value for debt and assets to derive equity value (skipped if using equity valuation model). Finally, this equity value is divided by the number of shares to determine the DCF value per share.

Present Value to DCF Value
Capital Structure

Present Value 306.7B HKD
Equity Value 306.7B HKD
/ Shares Outstanding 2.3B
Value per Share 131.491 HKD
HKD / EUR Exchange Rate 0.1108
HK2C DCF Value 14.563 EUR
Overvalued by 68%

You are using the equity valuation model. In this approach, further calculations for converting firm value to equity value are not required. The present value, obtained in the present value calculation block, already represents the equity value.

The DCF value per share is derived by dividing the present value by the number of shares:

Present Value
306.7B EUR
/
Number of Shares
2.3B
=
DCF Value
14.563 EUR

Valuation Analysis

Sensitivity Analysis
DCF Value Sensitivity Analysis

Sensitivity Analysis assesses how changes in key factors like revenue growth, margin, and discount rate affect a stock's DCF value. By visualizing various scenarios, from significant downturns to optimistic growth, this tool helps you understand potential valuation shifts, aiding in risk assessment and strategic decision-making.

DCF Financials
Financials used in DCF Calculation

Revenue
31.2B 38.5B
Net Income
18.8B 22.7B

What is the DCF value of one HK2C stock?

Estimated DCF Value of one HK2C stock is 14.563 EUR. Compared to the current market price of 44.855 EUR, the stock is Overvalued by 68%.

The true DCF Value lies somewhere between the worst-case and best-case scenario values. This is because the future is not predetermined, and the stock's DCF Value is based almost entirely on the future of the company. Knowing the full range of possible stock DCF values gives a complete picture of the investment risks and opportunities.

How was the DCF Value calculated?

1. Present Value Calculation. Utilizing the DCF operating model, Hong Kong Exchanges and Clearing Ltd's future cash flows are projected and then discounted using a chosen discount rate to determine its Present Value, which is calculated at 306.7B HKD.

2. DCF Value Calculation. The company's capital structure is employed to derive the total Equity Value from the previously calculated Present Value of the cash flow. This Equity Value, when divided by the total number of outstanding shares, yields the DCF Value of 14.563 EUR per share.

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