The Wharf (Holdings) Limited

SEHK:4 Stock Report

Market Cap: HK$57.0b

Wharf (Holdings) Future Growth

Future criteria checks 4/6

Wharf (Holdings) is forecast to grow earnings and revenue by 54.3% and 11.6% per annum respectively. EPS is expected to grow by 56% per annum. Return on equity is forecast to be 3.2% in 3 years.

Key information

54.3%

Earnings growth rate

56.01%

EPS growth rate

Real Estate earnings growth18.8%
Revenue growth rate11.6%
Future return on equity3.25%
Analyst coverage

Good

Last updated02 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 06

4: Lower Discount Rate And Stable Assumptions Will Support Future Upside

Analysts have inched their price target for Wharf (Holdings) up to HK$23.85 from HK$23.82. This reflects updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that are broadly consistent with prior views.
Narrative Update • May 22

4: Dividend Prospects And Lower P/E Assumptions Will Support Fair Outlook

Analysts have maintained their HK$ fair value estimate for Wharf (Holdings) at HK$30.0. They cite slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E as the main factors supporting the unchanged price target. What's in the News A board meeting is scheduled for March 12, 2026 to consider the final results announcement for the year ended December 31, 2025 (Key Developments).
Narrative Update • May 02

4: Upcoming Dividend Review And Stable Assumptions Will Shape Future Returns

Analysts have kept their HK$23.82 price target for Wharf (Holdings) steady, with slight model tweaks such as a marginally lower discount rate and an almost unchanged assumed future P/E. These adjustments support an overall unchanged view on upside potential.
Analysis Article • Apr 21

Wharf (Holdings) (HKG:4) Is Posting Promising Earnings But The Good News Doesn’t Stop There

Investors signalled that they were pleased with The Wharf (Holdings) Limited's ( HKG:4 ) most recent earnings report...
Narrative Update • Apr 18

4: Future P/E Repricing Will Support Fair Outlook And Dividend Potential

Analysts have adjusted their price target for Wharf (Holdings) from HK$28.00 to HK$30.00, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Board meeting scheduled for March 12, 2026, to review the final results announcement for the year ended December 31, 2025 (Key Developments) The board will consider payment of a dividend for the financial year ended December 31, 2025, at the March 12, 2026, meeting (Key Developments) Valuation Changes Fair Value: updated from HK$28.00 to HK$30.00, implying a modest upward adjustment to the assessed value per share.
Narrative Update • Apr 04

4: Dividend Decision And Stable Metrics Will Guide Future Returns

Analysts have trimmed their fair value estimate for Wharf (Holdings) from about HK$24.28 to around HK$23.82, reflecting slightly adjusted assumptions on discount rate, revenue growth, profit margin and future P/E. What's in the News Board meeting scheduled for March 12, 2026 to review the final results announcement for the year ended December 31, 2025.
Narrative Update • Mar 21

4: Higher P/E And Dividend Decisions Will Shape Future Returns

Analysts have modestly lifted their price target on Wharf (Holdings) to HK$24.28 from HK$23.73, reflecting updated assumptions around revenue growth, profit margins, and a higher forward P/E multiple. What's in the News Board meeting scheduled for March 12, 2026, to consider the final results announcement for the year ended December 31, 2025 (Key Developments).
Narrative Update • Mar 06

4: Lower Discount Rate And Dividend Outlook Will Shape Future Returns

Analysts have lifted their price target on Wharf (Holdings) from about HK$21.64 to roughly HK$23.73, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E as key drivers of the change. What's in the News Board meeting scheduled for March 12, 2026 to review the final results announcement for the year ended December 31, 2025, which will provide updated visibility on recent financial performance (Key Developments).
Narrative Update • Feb 20

4: Fair Outlook Will Reflect Higher Profitability Assumptions And Elevated Future P/E

Analysts have raised their price target on Wharf (Holdings) from HK$25.50 to HK$28.00, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E that together point to a modestly higher valuation range. Valuation Changes Fair Value: increased from HK$25.50 to HK$28.00, indicating a slightly higher assessed valuation range.
Narrative Update • Feb 05

4: Fair Outlook Will Balance Higher Profit Assumptions With Lower P/E Expectations

Analysts now place their price target for Wharf (Holdings) at HK$25.5, up from HK$25.0, citing updated assumptions around revenue growth, profit margins and a lower future P/E expectation. Valuation Changes Fair Value: revised slightly higher from HK$25.0 to HK$25.5 per share.
Narrative Update • Jan 22

4: Higher Discount Rate And Lower Margins Will Pressure Future Returns

Narrative Update on Wharf (Holdings) Analysts now set their fair value estimate for Wharf (Holdings) at $21.64 per share, compared with $21.07 previously. This reflects updated views on the discount rate, revenue growth, profit margin and future P/E assumptions.
Analysis Article • Nov 23

Does Wharf (Holdings) (HKG:4) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Aug 14

Wharf (Holdings) (HKG:4) Will Pay A Dividend Of HK$0.20

The board of The Wharf (Holdings) Limited ( HKG:4 ) has announced that it will pay a dividend on the 16th of September...
User avatar
New Narrative • Mar 16

New Projects In Hong Kong Luxury Real Estate And Logistics Set To Drive Future Success

Strategic capital reallocation to Hong Kong may boost future earnings through enhanced focus on high-value property projects.

Earnings and Revenue Growth Forecasts

SEHK:4 - Analysts future estimates and past financials data (HKD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202816,0465,365N/AN/A3
12/31/202713,7665,824N/A1,4236
12/31/202612,8775,180N/A2636
12/31/202510,997504,0184,018N/A
9/30/202510,875-14,6544,654N/A
6/30/202510,752-525,2895,289N/A
3/31/202511,434-1,6384,5604,560N/A
12/31/202412,115-3,2243,8303,830N/A
9/30/202414,984-2,8063,1453,145N/A
6/30/202417,852-2,3882,4592,459N/A
3/31/202418,401-7212,4192,419N/A
12/31/202318,9509452,3792,379N/A
9/30/202318,468-601,8041,804N/A
6/30/202317,985-1,0661,2291,229N/A
3/31/202318,025-1,3853,7063,706N/A
12/31/202218,064-1,7056,1836,183N/A
9/30/202218,1571,66710,43510,435N/A
6/30/202218,2505,03814,68714,687N/A
3/31/202220,3145,5298,6218,621N/A
12/31/202122,3786,0192,5542,554N/A
9/30/202125,0816,3311,6561,656N/A
6/30/202127,7836,643757757N/A
3/31/202124,3905,2545,5135,513N/A
12/31/202020,9973,86410,26810,268N/A
9/30/202017,6791,5308,7388,738N/A
6/30/202014,361-8057,2087,208N/A
3/31/202015,6181,2918,2648,264N/A
12/31/201916,8743,3869,3209,320N/A
9/30/201919,0854,800N/A10,962N/A
6/30/201921,2966,213N/A12,603N/A
3/31/201921,1766,418N/A2,256N/A
12/31/201821,0556,623N/A-8,091N/A
9/30/201827,54411,459N/A-12,206N/A
6/30/201834,03316,295N/A-16,322N/A
3/31/201838,65319,086N/A-5,557N/A
12/31/201743,27321,876N/A5,208N/A
9/30/201743,47122,516N/A13,868N/A
6/30/201743,66923,156N/A22,527N/A
3/31/201745,14822,298N/A25,806N/A
12/31/201646,62721,440N/A29,084N/A
9/30/201644,80918,616N/A29,090N/A
6/30/201642,99015,791N/A29,095N/A
3/31/201641,93315,908N/A26,574N/A
12/31/201540,87516,024N/A24,053N/A
9/30/201540,30123,606N/A22,380N/A
6/30/201539,72731,187N/A20,707N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 4's forecast earnings growth (54.3% per year) is above the savings rate (3%).

Earnings vs Market: 4's earnings (54.3% per year) are forecast to grow faster than the Hong Kong market (12.7% per year).

High Growth Earnings: 4's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 4's revenue (11.6% per year) is forecast to grow faster than the Hong Kong market (8.8% per year).

High Growth Revenue: 4's revenue (11.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 4's Return on Equity is forecast to be low in 3 years time (3.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/18 09:35
End of Day Share Price 2026/06/18 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The Wharf (Holdings) Limited is covered by 23 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kwok Yi LouieBarclays
Karl ChoiBofA Global Research
null nullCCB International Securities Limited