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Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
1999
2.6K+
LTM Revenue $3.0B
LTM EBITDA $2.2B
$32.5B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
HKEX has a last 12-month revenue (LTM) of $3.0B and a last 12-month EBITDA of $2.2B.
In the most recent fiscal year, HKEX achieved revenue of $2.2B and an EBITDA of $2.8B.
HKEX expects next 12-month revenue of XXX and NTM EBITDA of XXX
See HKEX valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $3.0B | XXX | $2.2B | XXX | XXX | XXX |
| Gross Profit | $3.0B | XXX | $1.7B | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 75% | XXX | XXX | XXX |
| EBITDA | $2.2B | XXX | $2.8B | XXX | XXX | XXX |
| EBITDA Margin | 74% | XXX | 128% | XXX | XXX | XXX |
| EBIT | $2.0B | XXX | $1.3B | XXX | XXX | XXX |
| EBIT Margin | 67% | XXX | 58% | XXX | XXX | XXX |
| Net Profit | $1.8B | XXX | $1.7B | XXX | XXX | XXX |
| Net Margin | 58% | XXX | 75% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, HKEX's stock price is HKD 396 (or $51).
HKEX has current market cap of HKD 500B (or $63.8B), and EV of HKD 255B (or $32.5B).
See HKEX trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $32.5B | $63.8B | XXX | XXX | XXX | XXX | $1.39 |
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Start Free TrialAs of May 30, 2025, HKEX has market cap of $63.8B and EV of $32.5B.
HKEX's trades at 14.7x EV/Revenue multiple, and 11.5x EV/EBITDA.
Equity research analysts estimate HKEX's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
HKEX has a P/E ratio of 36.2x.
See valuation multiples for HKEX and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $63.8B | XXX | $63.8B | XXX | XXX | XXX |
| EV (current) | $32.5B | XXX | $32.5B | XXX | XXX | XXX |
| EV/Revenue | 10.7x | XXX | 14.7x | XXX | XXX | XXX |
| EV/EBITDA | 14.6x | XXX | 11.5x | XXX | XXX | XXX |
| EV/EBIT | 15.9x | XXX | 25.5x | XXX | XXX | XXX |
| EV/Gross Profit | 10.7x | XXX | n/a | XXX | XXX | XXX |
| P/E | 36.2x | XXX | 38.3x | XXX | XXX | XXX |
| EV/FCF | 18.7x | XXX | 22.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialHKEX's last 12 month revenue growth is 9%
HKEX's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.1M for the same period.
HKEX's rule of 40 is 144% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
HKEX's rule of X is 97% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for HKEX and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Margin | 74% | XXX | 128% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | -4% | XXX | XXX | XXX |
| Rule of 40 | 144% | XXX | 137% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 97% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 17% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ASX | XXX | XXX | XXX | XXX | XXX | XXX |
| Euroxx Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| Athens Exchange Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Cboe Global Markets | XXX | XXX | XXX | XXX | XXX | XXX |
| Indian Energy Exchange | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
HKEX acquired XXX companies to date.
Last acquisition by HKEX was XXXXXXXX, XXXXX XXXXX XXXXXX . HKEX acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was HKEX founded? | HKEX was founded in 1999. |
| Where is HKEX headquartered? | HKEX is headquartered in Hong Kong. |
| How many employees does HKEX have? | As of today, HKEX has 2.6K+ employees. |
| Who is the CEO of HKEX? | HKEX's CEO is Ms. Bonnie Y. Chan. |
| Is HKEX publicy listed? | Yes, HKEX is a public company listed on HKG. |
| What is the stock symbol of HKEX? | HKEX trades under 00388 ticker. |
| When did HKEX go public? | HKEX went public in 2000. |
| Who are competitors of HKEX? | Similar companies to HKEX include e.g. ASX, Euroxx Securities, Athens Exchange Group, Cboe Global Markets. |
| What is the current market cap of HKEX? | HKEX's current market cap is $63.8B |
| What is the current revenue of HKEX? | HKEX's last 12 months revenue is $3.0B. |
| What is the current revenue growth of HKEX? | HKEX revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of HKEX? | Current revenue multiple of HKEX is 10.7x. |
| Is HKEX profitable? | Yes, HKEX is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of HKEX? | HKEX's last 12 months EBITDA is $2.2B. |
| What is HKEX's EBITDA margin? | HKEX's last 12 months EBITDA margin is 74%. |
| What is the current EV/EBITDA multiple of HKEX? | Current EBITDA multiple of HKEX is 14.6x. |
| What is the current FCF of HKEX? | HKEX's last 12 months FCF is $1.7B. |
| What is HKEX's FCF margin? | HKEX's last 12 months FCF margin is 58%. |
| What is the current EV/FCF multiple of HKEX? | Current FCF multiple of HKEX is 18.7x. |
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