Wing Tai Properties Limited, an investment holding company, invests in, develops, and manages properties in Hong Kong, the People’s Republic of China, the United Kingdom, Singapore, and internationally.
Undervalued with high growth potential and pays a dividend.
Share Price & News
How has Wing Tai Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: USH has not had significant price volatility in the past 3 months.
7 Day Return
DE Real Estate
1 Year Return
DE Real Estate
Return vs Industry: USH underperformed the German Real Estate industry which returned -17.9% over the past year.
Return vs Market: USH underperformed the German Market which returned -14.1% over the past year.
Price Volatility Vs. Market
How volatile is Wing Tai Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Wing Tai Properties undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: USH (€0.52) is trading below our estimate of fair value (€1.02)
Significantly Below Fair Value: USH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: USH is poor value based on its PE Ratio (13.5x) compared to the Real Estate industry average (11.1x).
PE vs Market: USH is good value based on its PE Ratio (13.5x) compared to the German market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: USH is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: USH is good value based on its PB Ratio (0.2x) compared to the DE Real Estate industry average (1.3x).
How is Wing Tai Properties forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: USH's forecast earnings growth (24% per year) is above the savings rate (-0.4%).
Earnings vs Market: USH's earnings (24% per year) are forecast to grow faster than the German market (14.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: USH's revenue (59.7% per year) is forecast to grow faster than the German market (4% per year).
High Growth Revenue: USH's revenue (59.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: USH's Return on Equity is forecast to be low in 3 years time (3%).
How has Wing Tai Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: USH has high quality earnings.
Growing Profit Margin: USH's current net profit margins (48.3%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: USH's earnings have declined by -6.8% per year over the past 5 years.
Accelerating Growth: USH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: USH had negative earnings growth (-81%) over the past year, making it difficult to compare to the Real Estate industry average (9%).
Return on Equity
High ROE: USH's Return on Equity (1.9%) is considered low.
How is Wing Tai Properties's financial position?
Financial Position Analysis
Short Term Liabilities: USH's short term assets (HK$7.6B) exceed its short term liabilities (HK$3.1B).
Long Term Liabilities: USH's short term assets (HK$7.6B) exceed its long term liabilities (HK$4.3B).
Debt to Equity History and Analysis
Debt Level: USH's debt to equity ratio (16.6%) is considered satisfactory.
Reducing Debt: USH's debt to equity ratio has reduced from 19.7% to 16.6% over the past 5 years.
Debt Coverage: USH's debt is not well covered by operating cash flow (6.9%).
Interest Coverage: USH earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: USH has a high level of physical assets or inventory.
Debt Coverage by Assets: USH's debt is covered by short term assets (assets are 1.6x debt).
What is Wing Tai Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: USH's dividend (5.52%) is higher than the bottom 25% of dividend payers in the German market (1.66%).
High Dividend: USH's dividend (5.52%) is in the top 25% of dividend payers in the German market (4.86%)
Stability and Growth of Payments
Stable Dividend: USH's dividend payments have been volatile in the past 10 years.
Growing Dividend: USH's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (74.6%), USH's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: USH's dividends in 3 years are forecast to be well covered by earnings (47.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Edward Cheng (63yo)
Mr. Wai Sun Cheng, also known as Edward, G.B.S., J.P. has been the Chief Executive Officer of Wing Tai Properties Limited (formerly, USI Holdings Limited) since 1994. Mr. Cheng has been an Executive Direct ...
CEO Compensation Analysis
Compensation vs Market: Edward's total compensation ($USD2.81M) is above average for companies of similar size in the German market ($USD1.33M).
Compensation vs Earnings: Edward's compensation has been consistent with company performance over the past year.
|Executive Chairman||28.58yrs||HK$11.72m||1.04% HK$8.0m|
|Deputy Chairman & Chief Executive||26.17yrs||HK$21.80m||0.89% HK$6.8m|
|Executive Director||28.58yrs||HK$25.00k||no data|
|MD of Group Property Investment & Management Division and Executive Director||12.58yrs||HK$6.17m||0.078% HK$600.8k|
|MD of Group Property Division & Executive Director||5.17yrs||HK$9.23m||0.087% HK$670.9k|
|Director & CEO of Lanson Place Hospitality Management Limited||no data||no data||no data|
|Independent Non-Executive Director||26yrs||HK$340.00k||no data|
|Independent Non-Executive Director||7.08yrs||HK$340.00k||no data|
|Non-Executive Director||8.92yrs||HK$70.00k||0.12% HK$914.9k|
|Independent Non-Executive Director||15.5yrs||HK$400.00k||no data|
Experienced Board: USH's board of directors are seasoned and experienced ( 12.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Wing Tai Properties Limited's company bio, employee growth, exchange listings and data sources
- Name: Wing Tai Properties Limited
- Ticker: USH
- Exchange: DB
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Market Cap: HK$6.624b
- Listing Market Cap: HK$770.673m
- Shares outstanding: 1.35b
- Website: https://www.wingtaiproperties.com
Number of Employees
- Wing Tai Properties Limited
- AIA Kowloon Tower
- 27th Floor
- Kwun Tong
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|USH||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|369||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
Wing Tai Properties Limited, an investment holding company, invests in, develops, and manages properties in Hong Kong, the People’s Republic of China, the United Kingdom, Singapore, and internationally. The company operates through Property Development, Property Investment and Management, Hospitality Investment and Management, and Others divisions. It develops and manages residential and commercial properties. The company’s investment properties include office buildings, industrial buildings, car parking spaces, retail spaces, and serviced apartments. It is also involved in the hospitality management, investment, licensing, treasury investment, financing, and property agency activities. The company was formerly known as USI Holdings Limited and changed its name to Wing Tai Properties Limited in 2010. Wing Tai Properties Limited is headquartered in Kwun Tong, Hong Kong.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/27 20:39|
|End of Day Share Price||2020/03/27 00:00|
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 here.