HK$444.60
2.67%
Hong Kong, Fri, Oct 10 2025
ISIN
HK0388045442
Symbol
388
Index

Hong Kong Exchanges & Clearing Ltd. Target price 2025 - Analyst rating & recommendation

Hong Kong Exchanges & Clearing Ltd. Classifications & Recommendation:

Buy
92%
Hold
8%

Hong Kong Exchanges & Clearing Ltd. Price Target

Target Price HK$518.16
Price HK$444.60
Potential
Number of Estimates 19
19 Analysts have issued a price target Hong Kong Exchanges & Clearing Ltd. 2026 . The average Hong Kong Exchanges & Clearing Ltd. target price is HK$518.16. This is higher than the current stock price. The highest price target is
HK$571.20 28.48%
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, the lowest is
HK$329.82 25.82%
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.
A rating was issued by 24 analysts: 22 Analysts recommend Hong Kong Exchanges & Clearing Ltd. to buy, 2 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Hong Kong Exchanges & Clearing Ltd. stock has an average upside potential 2026 of . Most analysts recommend the Hong Kong Exchanges & Clearing Ltd. stock at Purchase.

Sales and Margin forecast 2025, 2026 & 2027

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Quarter Annually
Dec '24 2025
Estimates
Revenue Billion HK$ 17.35 27.03
12.31% 55.85%
EBITDA Margin 65.46% 79.01%
2.44% 20.71%
Net Margin 75.23% 60.55%
2.04% 19.52%

22 Analysts have issued a sales forecast Hong Kong Exchanges & Clearing Ltd. 2025 . The average Hong Kong Exchanges & Clearing Ltd. sales estimate is

HK$27.0b
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. This is
33.05% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
HK$29.7b 46.26%
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, the lowest is
HK$19.9b 2.20%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 HK$17.3b 12.31%
2025
HK$27.0b 55.85%
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2026
HK$28.2b 4.21%
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2027
HK$30.1b 6.86%
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17 Analysts have issued an Hong Kong Exchanges & Clearing Ltd. EBITDA forecast 2025. The average Hong Kong Exchanges & Clearing Ltd. EBITDA estimate is

HK$21.4b
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. This is
49.60% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
HK$23.1b 62.13%
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, the lowest is
HK$19.6b 37.59%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2024 HK$11.4b 15.05%
2025
HK$21.4b 88.13%
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2026
HK$21.9b 2.59%
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2027
HK$23.1b 5.58%
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2028
HK$25.8b 11.48%
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2029
HK$28.5b 10.33%
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2030
HK$31.4b 10.39%
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2031
HK$34.7b 10.46%
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2032
HK$38.4b 10.52%
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EBITDA Margin

2024 65.46% 2.44%
2025
79.01% 20.71%
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2026
77.78% 1.56%
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2027
76.85% 1.20%
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22 Hong Kong Exchanges & Clearing Ltd. Analysts have issued a net profit forecast 2025. The average Hong Kong Exchanges & Clearing Ltd. net profit estimate is

HK$16.4b
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. This is
5.99% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
HK$18.3b 18.44%
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, the lowest is
HK$13.4b 13.18%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2024 HK$13.1b 10.02%
2025
HK$16.4b 25.43%
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2026
HK$16.9b 3.53%
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2027
HK$18.2b 7.27%
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2028
HK$20.9b 14.99%
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2029
HK$23.1b 10.51%
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2030
HK$25.6b 10.62%
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2031
HK$28.3b 10.70%
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2032
HK$31.3b 10.79%
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Net Margin

2024 75.23% 2.04%
2025
60.55% 19.52%
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2026
60.16% 0.64%
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2027
60.38% 0.37%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2032

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Quarter Annually
Dec '24 2025
Estimates
Earnings Per Share HK$ 10.29 12.91
9.94% 25.46%
P/E 34.44
EV/Sales 10.98

22 Analysts have issued a Hong Kong Exchanges & Clearing Ltd. forecast for earnings per share. The average Hong Kong Exchanges & Clearing Ltd. EPS is

HK$12.91
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. This is
5.99% higher
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than earnings per share in the financial year 2024. The highest EPS forecast is
HK$14.43 18.47%
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, the lowest is
HK$10.58 13.14%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2024 HK$10.29 9.94%
2025
HK$12.91 25.46%
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2026
HK$13.37 3.56%
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2027
HK$14.34 7.26%
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2028
HK$16.49 14.99%
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2029
HK$18.22 10.49%
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2030
HK$20.16 10.65%
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2031
HK$22.31 10.66%
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2032
HK$24.72 10.80%
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P/E ratio

Current 36.50 9.18%
2025
34.44 5.65%
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2026
33.26 3.43%
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2027
31.01 6.76%
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2028
26.96 13.06%
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2029
24.40 9.50%
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2030
22.06 9.59%
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2031
19.93 9.66%
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2032
17.98 9.78%
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Based on analysts' sales estimates for 2025, the Hong Kong Exchanges & Clearing Ltd. stock is valued at an EV/Sales of

10.98
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and an P/S ratio of
21.38
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.

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 14.61 39.67%
2025
10.98 24.84%
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2026
10.54 4.04%
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2027
9.86 6.42%
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P/S ratio

Current 28.45 4.85%
2025
21.38 24.84%
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2026
20.52 4.04%
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2027
19.20 6.42%
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