Hong Kong Exchange & Clearing
Hong Kong Exchanges and Clearing Limited, together with its subsidiaries, owns and operates stock and futures exchanges, and related clearing houses in Hong Kong, the United Kingdom, and Mainland China. It operates through Cash, Equity and Financial Derivatives, Commodities, and Data and Connectivity segments. The Cash segment covers various equity products traded on the cash market platforms of … Read more
Hong Kong Exchange & Clearing (HKXCY) - Net Assets
Latest net assets as of September 2025: $54.68 Billion USD
Based on the latest financial reports, Hong Kong Exchange & Clearing (HKXCY) has net assets worth $54.68 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($460.77 Billion) and total liabilities ($406.09 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $54.68 Billion |
| % of Total Assets | 11.87% |
| Annual Growth Rate | N/A |
| 5-Year Change | 10.5% |
| 10-Year Change | 81.59% |
| Growth Volatility | 23.11 |
Hong Kong Exchange & Clearing - Net Assets Trend (1999–2024)
This chart illustrates how Hong Kong Exchange & Clearing's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hong Kong Exchange & Clearing (1999–2024)
The table below shows the annual net assets of Hong Kong Exchange & Clearing from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $54.41 Billion | +5.04% |
| 2023-12-31 | $51.80 Billion | +3.39% |
| 2022-12-31 | $50.10 Billion | +0.38% |
| 2021-12-31 | $49.91 Billion | +1.37% |
| 2020-12-31 | $49.24 Billion | +10.64% |
| 2019-12-31 | $44.50 Billion | +8.80% |
| 2018-12-31 | $40.90 Billion | +9.44% |
| 2017-12-31 | $37.38 Billion | +15.41% |
| 2016-12-31 | $32.38 Billion | +8.08% |
| 2015-12-31 | $29.96 Billion | +40.28% |
| 2014-12-31 | $21.36 Billion | +4.10% |
| 2013-12-31 | $20.52 Billion | +15.50% |
| 2012-12-31 | $17.76 Billion | +93.95% |
| 2011-12-31 | $9.16 Billion | +5.55% |
| 2010-12-31 | $8.68 Billion | +8.09% |
| 2009-12-31 | $8.03 Billion | +10.03% |
| 2008-12-31 | $7.30 Billion | -12.92% |
| 2007-12-31 | $8.38 Billion | +59.34% |
| 2006-12-31 | $5.26 Billion | +20.38% |
| 2005-12-31 | $4.37 Billion | +7.78% |
| 2004-12-31 | $4.05 Billion | -27.82% |
| 2003-12-31 | $5.61 Billion | +21.60% |
| 2002-12-31 | $4.62 Billion | +6.72% |
| 2001-12-31 | $4.33 Billion | +0.60% |
| 2000-12-31 | $4.30 Billion | +34485.35% |
| 1999-12-31 | $-12.51 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hong Kong Exchange & Clearing's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2335350700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $23.34 Billion | 43.34% |
| Common Stock | $31.95 Billion | 59.34% |
| Other Comprehensive Income | $-319.00 Million | -0.59% |
| Total Equity | $53.85 Billion | 100.00% |
Hong Kong Exchange & Clearing Competitors by Market Cap
The table below lists competitors of Hong Kong Exchange & Clearing ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dell Technologies Inc
NYSE:DELL
|
$48.72 Billion |
|
AngloGold Ashanti plc
NYSE:AU
|
$48.76 Billion |
|
Autodesk Inc
NASDAQ:ADSK
|
$48.93 Billion |
|
Ametek Inc
NYSE:AME
|
$48.98 Billion |
|
ANZ Group Holdings Limited
OTCGREY:ANZGY
|
$48.69 Billion |
|
Itau Unibanco Banco Holding SA
NYSE:ITUB
|
$48.67 Billion |
|
Agnico-Eagle Mines Ltd.
LSE:0R2J
|
$48.39 Billion |
|
NXP Semiconductors NV
NASDAQ:NXPI
|
$48.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hong Kong Exchange & Clearing's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 51,344,000,000 to 53,852,000,000, a change of 2,508,000,000 (4.9%).
- Net income of 13,050,000,000 contributed positively to equity growth.
- Dividend payments of 10,416,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,003,000,000.
- Other factors increased equity by 1,358,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $13.05 Billion | +24.23% |
| Dividends Paid | $10.42 Billion | -19.34% |
| Other Comprehensive Income | $-1.00 Billion | -1.86% |
| Other Changes | $1.36 Billion | +2.52% |
| Total Change | $- | 4.88% |
Book Value vs Market Value Analysis
This analysis compares Hong Kong Exchange & Clearing's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.97x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $-0.01 | $41.00 | x |
| 2000-12-31 | $4.13 | $41.00 | x |
| 2001-12-31 | $4.15 | $41.00 | x |
| 2002-12-31 | $4.39 | $41.00 | x |
| 2003-12-31 | $5.35 | $41.00 | x |
| 2004-12-31 | $3.83 | $41.00 | x |
| 2005-12-31 | $4.09 | $41.00 | x |
| 2006-12-31 | $4.88 | $41.00 | x |
| 2007-12-31 | $7.77 | $41.00 | x |
| 2008-12-31 | $6.80 | $41.00 | x |
| 2009-12-31 | $7.44 | $41.00 | x |
| 2010-12-31 | $8.04 | $41.00 | x |
| 2011-12-31 | $8.45 | $41.00 | x |
| 2012-12-31 | $16.28 | $41.00 | x |
| 2013-12-31 | $17.67 | $41.00 | x |
| 2014-12-31 | $18.28 | $41.00 | x |
| 2015-12-31 | $24.88 | $41.00 | x |
| 2016-12-31 | $26.55 | $41.00 | x |
| 2017-12-31 | $30.28 | $41.00 | x |
| 2018-12-31 | $32.72 | $41.00 | x |
| 2019-12-31 | $35.15 | $41.00 | x |
| 2020-12-31 | $38.65 | $41.00 | x |
| 2021-12-31 | $39.15 | $41.00 | x |
| 2022-12-31 | $39.23 | $41.00 | x |
| 2023-12-31 | $40.50 | $41.00 | x |
| 2024-12-31 | $42.48 | $41.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hong Kong Exchange & Clearing utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.23%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 75.23%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 7.09x
- Recent ROE (24.23%) is below the historical average (29.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 0.00% | 28.69% | 58547.65x | 0.00x | $521.92 Million |
| 2000 | 20.31% | 37.78% | 0.51x | 1.06x | $443.59 Million |
| 2001 | 17.11% | 37.04% | 0.46x | 1.01x | $307.81 Million |
| 2002 | 12.75% | 32.55% | 0.38x | 1.02x | $126.83 Million |
| 2003 | 12.34% | 34.29% | 0.10x | 3.53x | $131.27 Million |
| 2004 | 26.08% | 44.15% | 0.11x | 5.29x | $651.67 Million |
| 2005 | 30.67% | 54.17% | 0.11x | 5.26x | $902.81 Million |
| 2006 | 47.90% | 60.73% | 0.10x | 7.70x | $1.99 Billion |
| 2007 | 73.64% | 86.32% | 0.08x | 10.50x | $5.33 Billion |
| 2008 | 70.30% | 79.13% | 0.10x | 8.61x | $4.40 Billion |
| 2009 | 58.60% | 73.34% | 0.14x | 5.65x | $3.90 Billion |
| 2010 | 58.05% | 71.00% | 0.15x | 5.52x | $4.17 Billion |
| 2011 | 55.61% | 69.23% | 0.14x | 5.90x | $4.18 Billion |
| 2012 | 22.99% | 63.50% | 0.08x | 4.55x | $2.31 Billion |
| 2013 | 22.31% | 55.98% | 0.09x | 4.21x | $2.51 Billion |
| 2014 | 24.28% | 56.59% | 0.04x | 11.84x | $3.04 Billion |
| 2015 | 26.68% | 65.04% | 0.05x | 7.99x | $4.97 Billion |
| 2016 | 17.88% | 55.48% | 0.04x | 7.66x | $2.54 Billion |
| 2017 | 19.86% | 63.97% | 0.04x | 8.52x | $3.68 Billion |
| 2018 | 22.86% | 65.34% | 0.06x | 6.28x | $5.24 Billion |
| 2019 | 21.26% | 69.23% | 0.05x | 6.32x | $4.97 Billion |
| 2020 | 23.52% | 60.39% | 0.05x | 8.16x | $6.61 Billion |
| 2021 | 25.26% | 60.40% | 0.05x | 8.05x | $7.57 Billion |
| 2022 | 20.27% | 55.15% | 0.05x | 8.17x | $5.11 Billion |
| 2023 | 23.10% | 58.17% | 0.06x | 6.64x | $6.73 Billion |
| 2024 | 24.23% | 75.23% | 0.05x | 7.09x | $7.66 Billion |
Industry Comparison
This section compares Hong Kong Exchange & Clearing's net assets metrics with peer companies in the Financial Data & Stock Exchanges industry.
Industry Context
- Industry: Financial Data & Stock Exchanges
- Average net assets among peers: $9,077,174,558
- Average return on equity (ROE) among peers: -171.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hong Kong Exchange & Clearing (HKXCY) | $54.68 Billion | 0.00% | 7.43x | $48.70 Billion |
| ASX Limited (ASXFF) | $2.76 Billion | 10.63% | 2.45x | $7.32 Billion |
| B3 S.A. - Brasil Bolsa Balcão (BOLSY) | $25.40 Billion | 10.69% | 0.58x | $16.93 Billion |
| Bolsa Mexicana de Valores S.A.B. de C.V (BOMXF) | $7.67 Billion | 19.68% | 0.15x | $1.05 Billion |
| Bursa Malaysia Bhd Ord (BSMAF) | $827.48 Million | 20.92% | 1.10x | $835.52 Million |
| Bit Origin Ltd (BTOG) | $909.58K | -1927.48% | 6.35x | $2.44 Million |
| Cboe Global Markets Inc (CBOE) | $3.60 Billion | 14.67% | 0.89x | $30.38 Billion |
| CME Group Inc (CME) | $28.73 Billion | 14.08% | 5.91x | $110.13 Billion |
| Coinbase Global Inc (COIN) | $10.28 Billion | 25.10% | 1.19x | $44.72 Billion |
| Deutsche Börse AG (DBOEF) | $11.26 Billion | 17.31% | 18.73x | $44.04 Billion |
| Dun & Bradstreet Holdings Inc. (DNB) | $250.60 Million | 82.44% | 4.68x | $2.89 Billion |