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Shangri-La Asia

SEHK:69
Snowflake Description

Acceptable track record second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
69
SEHK
HK$34B
Market Cap
  1. Home
  2. HK
  3. Consumer Services
Company description

Shangri-La Asia Limited, an investment holding company, owns/leases and operates hotels and associated properties worldwide. The last earnings update was 64 days ago. More info.


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69 Share Price and Events
7 Day Returns
0.2%
SEHK:69
-2.1%
HK Hospitality
-0.2%
HK Market
1 Year Returns
-34.9%
SEHK:69
-15.1%
HK Hospitality
-6.6%
HK Market
69 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shangri-La Asia (69) 0.2% -6.3% -11.3% -34.9% 25.4% -19.8%
HK Hospitality -2.1% 1.3% -3.4% -15.1% 39.7% -36.3%
HK Market -0.2% 2.3% -5.5% -6.6% 22.5% 4.4%
1 Year Return vs Industry and Market
  • 69 underperformed the Hospitality industry which returned -15.1% over the past year.
  • 69 underperformed the Market in Hong Kong which returned -6.6% over the past year.
Price Volatility
69
Industry
5yr Volatility vs Market

69 Value

 Is Shangri-La Asia undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Shangri-La Asia to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Shangri-La Asia.

SEHK:69 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.9%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:69
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.917 (1 + (1- 25%) (118.21%))
1.49
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.49
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.49 * 6.65%)
11.91%

Discounted Cash Flow Calculation for SEHK:69 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Shangri-La Asia is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:69 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.91%)
2019 132.50 Analyst x2 118.40
2020 129.00 Analyst x2 103.01
2021 190.50 Analyst x2 135.93
2022 229.32 Est @ 20.38% 146.21
2023 263.41 Est @ 14.87% 150.08
2024 292.40 Est @ 11.01% 148.87
2025 316.68 Est @ 8.31% 144.07
2026 337.00 Est @ 6.41% 137.00
2027 354.16 Est @ 5.09% 128.65
2028 368.91 Est @ 4.16% 119.75
Present value of next 10 years cash flows $1,331.97
SEHK:69 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $368.91 × (1 + 2%) ÷ (11.91% – 2%)
$3,798.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,798.83 ÷ (1 + 11.91%)10
$1,233.16
SEHK:69 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,331.97 + $1,233.16
$2,565.13
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,565.13 / 3,585.53
$0.72
SEHK:69 Discount to Share Price
Calculation Result
Exchange Rate USD/HKD
(Reporting currency to currency of SEHK:69)
7.81
Value per Share
(HKD)
= Value per Share in USD x Exchange Rate (USD/HKD)
= $0.72 x 7.81
HK$5.59
Value per share (HKD) From above. HK$5.59
Current discount Discount to share price of HK$9.67
= -1 x (HK$9.67 - HK$5.59) / HK$5.59
-73.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Shangri-La Asia is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Shangri-La Asia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shangri-La Asia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:69 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.05
SEHK:69 Share Price ** SEHK (2019-06-26) in HKD HK$9.67
SEHK:69 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.128 $1.24
Hong Kong Hospitality Industry PE Ratio Median Figure of 67 Publicly-Listed Hospitality Companies 13.59x
Hong Kong Market PE Ratio Median Figure of 1,488 Publicly-Listed Companies 10.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Shangri-La Asia.

SEHK:69 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:69 Share Price ÷ EPS (both in USD)

= 1.24 ÷ 0.05

22.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shangri-La Asia is overvalued based on earnings compared to the HK Hospitality industry average.
  • Shangri-La Asia is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Shangri-La Asia's expected growth come at a high price?
Raw Data
SEHK:69 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
10.6%per year
Hong Kong Hospitality Industry PEG Ratio Median Figure of 19 Publicly-Listed Hospitality Companies 1.92x
Hong Kong Market PEG Ratio Median Figure of 470 Publicly-Listed Companies 0.77x

*Line of best fit is calculated by linear regression .

SEHK:69 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.94x ÷ 10.6%

2.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shangri-La Asia is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Shangri-La Asia's assets?
Raw Data
SEHK:69 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.75
SEHK:69 Share Price * SEHK (2019-06-26) in HKD HK$9.67
SEHK:69 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.128 $1.24
Hong Kong Hospitality Industry PB Ratio Median Figure of 106 Publicly-Listed Hospitality Companies 1.11x
Hong Kong Market PB Ratio Median Figure of 2,173 Publicly-Listed Companies 0.93x
SEHK:69 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:69 Share Price ÷ Book Value per Share (both in USD)

= 1.24 ÷ 1.75

0.71x

* Primary Listing of Shangri-La Asia.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shangri-La Asia is good value based on assets compared to the HK Hospitality industry average.
X
Value checks
We assess Shangri-La Asia's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Shangri-La Asia has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

69 Future Performance

 How is Shangri-La Asia expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shangri-La Asia expected to grow at an attractive rate?
  • Shangri-La Asia's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Shangri-La Asia's earnings growth is positive but not above the Hong Kong market average.
  • Shangri-La Asia's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:69 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:69 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 10.6%
SEHK:69 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 0.3%
Hong Kong Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 15.1%
Hong Kong Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.1%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:69 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:69 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,573 466 284 3
2020-12-31 2,517 454 253 4
2019-12-31 2,603 458 269 5
SEHK:69 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,518 446 193
2018-09-30 2,447 475 221
2018-06-30 2,376 503 249
2018-03-31 2,283 489 204
2017-12-31 2,190 474 158
2017-09-30 2,121 457 165
2017-06-30 2,053 441 171
2017-03-31 2,054 417 139
2016-12-31 2,055 392 106
2016-09-30 2,073 364 72
2016-06-30 2,091 335 38
2016-03-31 2,107 337 89

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shangri-La Asia's earnings are expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).
  • Shangri-La Asia's revenue is expected to grow by 0.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:69 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Shangri-La Asia Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:69 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.08 0.08 0.08 3.00
2020-12-31 0.07 0.07 0.07 3.00
2019-12-31 0.08 0.09 0.07 4.00
SEHK:69 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.05
2018-09-30 0.06
2018-06-30 0.07
2018-03-31 0.06
2017-12-31 0.04
2017-09-30 0.05
2017-06-30 0.05
2017-03-31 0.04
2016-12-31 0.03
2016-09-30 0.02
2016-06-30 0.01
2016-03-31 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Shangri-La Asia is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Shangri-La Asia's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Shangri-La Asia has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

69 Past Performance

  How has Shangri-La Asia performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Shangri-La Asia's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Shangri-La Asia's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Shangri-La Asia's 1-year earnings growth exceeds its 5-year average (22.1% vs -10.2%)
  • Shangri-La Asia's earnings growth has exceeded the HK Hospitality industry average in the past year (22.1% vs 7.3%).
Earnings and Revenue History
Shangri-La Asia's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Shangri-La Asia Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:69 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,517.86 192.91 368.69
2018-09-30 2,446.73 221.03 358.45
2018-06-30 2,375.61 249.16 348.21
2018-03-31 2,282.72 203.58 336.29
2017-12-31 2,189.82 158.00 324.37
2017-09-30 2,121.40 164.75 315.96
2017-06-30 2,052.97 171.50 307.56
2017-03-31 2,054.20 138.78 306.60
2016-12-31 2,055.42 106.05 305.63
2016-09-30 2,073.26 72.03 306.98
2016-06-30 2,091.11 38.01 308.32
2016-03-31 2,106.87 89.07 308.25
2015-12-31 2,122.62 140.13 308.17
2015-09-30 2,122.99 171.61 310.55
2015-06-30 2,123.35 203.09 312.93
2015-03-31 2,117.47 191.99 309.30
2014-12-31 2,111.58 180.89 305.68
2014-09-30 2,099.02 217.05 302.31
2014-06-30 2,086.46 253.22 298.95
2014-03-31 2,083.77 322.76 297.69
2013-12-31 2,081.08 392.30 296.44
2013-09-30 2,085.72 384.07 295.91
2013-06-30 2,090.36 375.85 295.38
2013-03-31 2,073.80 367.42 289.63
2012-12-31 2,057.25 358.99 283.88
2012-09-30 2,024.11 350.95 279.86
2012-06-30 1,990.97 342.96 275.84

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Shangri-La Asia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shangri-La Asia used its assets less efficiently than the HK Hospitality industry average last year based on Return on Assets.
  • Shangri-La Asia has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Shangri-La Asia's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Shangri-La Asia has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

69 Health

 How is Shangri-La Asia's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Shangri-La Asia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shangri-La Asia is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shangri-La Asia's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Shangri-La Asia's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Shangri-La Asia Company Filings, last reported 5 months ago.

SEHK:69 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6,676.89 5,177.02 1,081.70
2018-09-30 6,676.89 5,177.02 1,081.70
2018-06-30 6,986.21 5,312.70 1,041.49
2018-03-31 6,986.21 5,312.70 1,041.49
2017-12-31 7,042.00 5,213.11 947.13
2017-09-30 7,042.00 5,213.11 947.13
2017-06-30 6,629.68 5,391.09 916.93
2017-03-31 6,629.68 5,391.09 916.93
2016-12-31 6,412.43 5,350.23 959.18
2016-09-30 6,412.43 5,350.23 959.18
2016-06-30 6,764.26 5,408.56 983.72
2016-03-31 6,764.26 5,408.56 983.72
2015-12-31 6,889.69 5,239.01 1,099.63
2015-09-30 6,889.69 5,239.01 1,099.63
2015-06-30 7,394.08 5,324.21 1,300.75
2015-03-31 7,394.08 5,324.21 1,300.75
2014-12-31 7,439.25 5,161.89 1,464.37
2014-09-30 7,439.25 5,161.89 1,464.37
2014-06-30 6,804.72 5,234.21 1,107.86
2014-03-31 6,804.72 5,234.21 1,107.86
2013-12-31 6,867.34 4,889.52 1,156.49
2013-09-30 6,867.34 4,889.52 1,156.49
2013-06-30 6,650.51 4,729.33 1,090.94
2013-03-31 6,650.51 4,729.33 1,090.94
2012-12-31 6,527.55 4,403.96 863.85
2012-09-30 6,530.08 4,403.96 863.85
2012-06-30 6,166.21 3,828.74 983.22
  • Shangri-La Asia's level of debt (77.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (71.3% vs 77.5% today).
  • Debt is not well covered by operating cash flow (8.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Shangri-La Asia's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Shangri-La Asia has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

69 Dividends

 What is Shangri-La Asia's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.26%
Current annual income from Shangri-La Asia dividends. Estimated to be 2.82% next year.
If you bought HK$2,000 of Shangri-La Asia shares you are expected to receive HK$45 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Shangri-La Asia's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.1%).
  • Shangri-La Asia's dividend is below the markets top 25% of dividend payers in Hong Kong (5.89%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:69 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Hong Kong Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 3%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:69 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.04 4.00
2020-12-31 0.03 4.00
2019-12-31 0.03 4.00
SEHK:69 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-20 0.028 2.088
2018-08-23 0.024 1.728
2018-04-24 0.022 1.209
2018-03-21 0.022 1.088
2017-04-25 0.020 1.102
2017-03-23 0.021 1.447
2016-09-21 0.013 1.149
2016-08-25 0.013 1.183
2016-04-26 0.013 1.180
2016-03-24 0.013 1.089
2015-04-24 0.015 1.449
2015-03-25 0.015 1.076
2014-04-25 0.010 0.706
2013-09-18 0.021 1.179
2013-08-22 0.021 1.313
2013-04-25 0.026 1.491
2013-03-21 0.026 1.357
2012-08-23 0.026 1.261
2012-03-19 0.026 1.290
2011-08-26 0.026 1.292
2011-03-30 0.026 1.006
2010-08-26 0.026 1.041
2010-03-17 0.015 0.806
2009-04-23 0.031 1.815

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Shangri-La Asia's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Shangri-La Asia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Shangri-La Asia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shangri-La Asia has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

69 Management

 What is the CEO of Shangri-La Asia's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Beng Chee Lim
COMPENSATION $2,454,000
AGE 50
TENURE AS CEO 2.4 years
CEO Bio

Mr. Lim Beng Chee has been Chief Executive Officer of Shangri-La Asia Limited since January 1, 2017. Mr. Lim serves as a Manager of Eureka Office Fund. Mr. Lim has been an Executive Director of Shangri-La Asia Limited since January 1, 2017. He served as the Chief Executive Officer of CapitaMalls Asia Limited from November 1, 2008 to December 31, 2014. He served as the Chief Executive Officer of CapitaMall Trust since November 1, 2008. Mr. Lim held various positions within CapitaLand group of companies since 2000. He served as the Chief Executive Officer of Capitamall Trust Management Limited from November 1, 2008 to November 25, 2009. Mr. Lim founded CapitaRetail Singapore Limited. He served as Chief Executive Officer of CapitaRetail China Trust Management Limited from December 2006 to September 2008. Mr. Lim served as the Chief Investment Officer, CapitaLand Retail Limited. He served as the Deputy Chief Executive Officer of CapitaMall Trust Management Limited from March 30, 2005 to December 2006 and also served as its Acting Finance Manager from March 16, 2004 to June 17, 2004. He served as an Executive Director of CapitaMalls Asia Limited since November 1, 2008 until September 2014. Mr. Lim served as an Executive Director of CapitaRetail China Trust Management Limited from August 23, 2006 to Jauary 1, 2013. He had been an Independent Director of Raffles Medical Group Ltd. since July 23, 2015 until April 26, 2019. He serves as Director of CapitaMalls Asia Treasury Limited. He is a Non-Executive Director at WIND Group Pte Ltd and SCPG Holdings Co Ltd. He was a Non-Executive Director of Changi Airport International Pte Ltd. He served as a Director at CMT MTN Pte. Ltd. He has more than 15 years of experience in retail real estate investment, development, mall operations, asset management and fund management with DBS Land Limited, CapitaLand Limited and CapitaLand Mall Asia Limited. He served as a Non-Executive Director of CapitaMall Trust Management Limited since November 1, 2008. He served as a Director of CMA Singapore I Pte. Ltd. and its various group of companies. Mr. Lim served as a Non-Independent Non-Executive Director of CapitaLand Malaysia Mall REIT Management Sdn. Bhd. (formerly, CapitaMalls Malaysia REIT Mgmt Sdn Bhd), the manager of CapitaMalls Malaysia Trust since November 1, 2008 until May 15, 2013. He served as a Non-Executive Director of Link Management Limited from November 1, 2008 to August 27, 2009. He served as a Director of Brilliance Trustee Pte. Ltd., Bugis City Holdings Pte Ltd., and ION Orchard Link Pte. Ltd. He served as Non Executive Director of Shangri-La Asia Limited from September 26, 2016 to December 2016. He served as a Director of Orchard Turn Residential Development Pte. Ltd., Orchard Turn Retail Investment Pte. Ltd., Orchard Turn Developments Pte. Ltd., Plaza Singapura (Private) Limited, Albert Complex Pte Ltd, Capita Card Pte. Ltd., CapitaMalls Japan Fund Management Pte. Ltd., Clarke Quay Pte Ltd., One Trustee Pte. Ltd., Premier Healthcare Services International Pte Ltd, Pyramex Investments Pte Ltd, JG Trustee Pte. Ltd., JG2 Trustee Pte. Ltd., Jewel Changi Airport Devt Pte. Ltd. and Jewel Changi Airport Trustee Pte. Ltd. He holds a Master of Business Administration in Accountancy from the Nanyang Technological University of Singapore and a Bachelor of Arts in Physics from Oxford University, United Kingdom. He also holds Post Graduate Diploma in Education from Nanyang Technological University.

CEO Compensation
  • Beng Chee's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Beng Chee's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Shangri-La Asia management team in years:

1.9
Average Tenure
51.5
Average Age
  • The average tenure for the Shangri-La Asia management team is less than 2 years, this suggests a new team.
Management Team

Hui Kuok

TITLE
Chairman of the Board
COMPENSATION
$2M
AGE
40

Beng Chee Lim

TITLE
CEO & Executive Director
COMPENSATION
$2M
AGE
50
TENURE
2.4 yrs

Sven Bonke

TITLE
President & COO
AGE
53
TENURE
1.8 yrs

Lay Tan

TITLE
Chief Financial Officer
AGE
51
TENURE
0.2 yrs

Jian Cheng Yang

TITLE
Chief Technology Officer
AGE
33
TENURE
2.4 yrs

May Yip

TITLE
SNL Contact Person

Iain Seow

TITLE
General Counsel & Company Secretary
AGE
52
TENURE
2 yrs

Nichlas Maratos

TITLE
Executive Vice President of Sales
TENURE
1.5 yrs

Robert Chong

TITLE
Chief Corporate & Human Resources Officer
AGE
55
TENURE
1.1 yrs

Jean Offe

TITLE
Executive Vice President of Food & Beverage
AGE
61
TENURE
6 yrs
Board of Directors Tenure

Average tenure and age of the Shangri-La Asia board of directors in years:

2.7
Average Tenure
50
Average Age
  • The average tenure for the Shangri-La Asia board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hui Kuok

TITLE
Chairman of the Board
COMPENSATION
$2M
AGE
40
TENURE
2.4 yrs

Beng Chee Lim

TITLE
CEO & Executive Director
COMPENSATION
$2M
AGE
50
TENURE
2.8 yrs

Arthur Li

TITLE
Independent Non-Executive Director
COMPENSATION
$75K
AGE
73
TENURE
8.3 yrs

Chee Keong Yap

TITLE
Independent Non-Executive Director
COMPENSATION
$57K
AGE
58
TENURE
1.5 yrs

Kian Guan Ho

TITLE
Non-Executive Director
COMPENSATION
$62K
AGE
73
TENURE
26.1 yrs

Forrest Xiaodong Li

TITLE
Independent Non-Executive Director
AGE
40

Chung Tao Ho

TITLE
Alternate Non-Executive Director
AGE
44
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Shangri-La Asia individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
07. May 19 Buy Hui Kuok Individual 03. May 19 03. May 19 15,000,000 HK$11.10 HK$166,500,036
24. Apr 19 Buy Kim Swee Ho Individual 23. Apr 19 23. Apr 19 10,000 HK$10.80 HK$108,000
16. Nov 18 Buy KS Ocean Inc. Company 14. Nov 18 14. Nov 18 2,374,389 HK$11.08 HK$26,308,228
17. Apr 19 Buy Kim Swee Ho Individual 16. Apr 19 16. Apr 19 10,000 HK$10.90 HK$109,000
15. Apr 19 Buy Kim Swee Ho Individual 12. Apr 19 12. Apr 19 10,000 HK$11.04 HK$110,400
12. Apr 19 Buy Kim Swee Ho Individual 11. Apr 19 11. Apr 19 10,000 HK$11.20 HK$112,000
01. Apr 19 Buy Kim Swee Ho Individual 28. Mar 19 28. Mar 19 10,000 HK$10.86 HK$108,600
16. Nov 18 Sell Skiddaw Investment Ltd Company 14. Nov 18 14. Nov 18 -2,374,389 HK$11.08 HK$-26,308,228
15. Oct 18 Buy Hui Kuok Individual 11. Oct 18 11. Oct 18 3,000,000 HK$10.70 HK$32,100,010
08. Oct 18 Buy Hui Kuok Individual 03. Oct 18 03. Oct 18 12,000,000 HK$11.48 HK$137,759,983
31. Aug 18 Buy Kim Swee Ho Individual 30. Aug 18 30. Aug 18 10,000 HK$11.80 HK$118,000
31. Aug 18 Buy Kim Swee Ho Individual 29. Aug 18 29. Aug 18 10,000 HK$11.98 HK$119,800
X
Management checks
We assess Shangri-La Asia's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Shangri-La Asia has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

69 News

Simply Wall St News

Shangri-La Asia Limited (HKG:69) Is Yielding 2.3% - But Is It A Buy?

Of the free cash flow it generated last year, Shangri-La Asia paid out 31% as dividends, suggesting the dividend is affordable. … Dividend Volatility Before buying a stock for its income, we want to see if the dividends have been stable in the past, and if the company has a track record of maintaining its dividend. … Looking at the last decade of data, we can see that Shangri-La Asia paid its first dividend at least nine years ago.

Simply Wall St -

Shangri-La Asia Limited (HKG:69): Time For A Financial Health Check

At this current level of debt, the current cash and short-term investment levels stands at US$1.1b to keep the business going. … Additionally, 69 has produced cash from operations of US$446m in the last twelve months, resulting in an operating cash to total debt ratio of 8.6%, signalling that 69’s debt is not covered by operating cash. … Next Steps: 69’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Is Shangri-La Asia Limited's (HKG:69) Growth Strong Enough To Justify Its June Share Price?

69 is available at a PE (price-to-earnings) ratio of 23.3x today, which tells us the stock is overvalued based on current earnings compared to the Hospitality industry average of 14.09x , and overvalued compared to the HK market average ratio of 10.99x. … However, to be able to properly assess the value of a high-growth stock such as Shangri-La Asia, we must incorporate its earnings growth in our valuation. … This means that, when we account for Shangri-La Asia's growth, the stock can be viewed as overvalued , based on the fundamentals.

Simply Wall St -

Before You Buy Shangri-La Asia Limited (HKG:69), Consider Its Volatility

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … If this beta value holds true in the future, Shangri-La Asia shares are likely to rise more than the market when the market is going up, but fall faster when the market is going down. … What this means for you: Beta only tells us that the Shangri-La Asia share price is sensitive to broader market movements.

Simply Wall St -

Is Shangri-La Asia Limited (HKG:69) Investing Your Capital Efficiently?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Shangri-La Asia: 0.026 = US$309m ÷ (US$13b - US$1.5b) (Based on the trailing twelve months to December 2018.) Therefore, Shangri-La Asia has an ROCE of 2.6%. … How Shangri-La Asia's Current Liabilities Impact Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Shangri-La Asia Limited (HKG:69): What Can We Expect From This High Growth Stock?

In December 2018, Shangri-La Asia Limited (HKG:69) announced its latest earnings update, which revealed that the company benefited from a strong tailwind, eventuating to a double-digit earnings growth of 22%. … Below, I've laid out key growth figures on how market analysts perceive Shangri-La Asia's earnings growth outlook over the next few years and whether the future looks even brighter than the past. … See our latest analysis for Shangri-La Asia Analysts' expectations for this coming year seems positive, with earnings rising by a robust 40%.

Simply Wall St -

With EPS Growth And More, Shangri-La Asia (HKG:69) Is Interesting

I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. … The good news is that Shangri-La Asia is growing revenues, and EBIT margins improved by 3.3 percentage points to 12%, over the last year. … You can take a look at the company's revenue and earnings growth trend, in the chart below

Simply Wall St -

What Does Shangri-La Asia Limited's (HKG:69) P/E Ratio Tell You?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) … P/E of 26.03 = $1.41 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $0.054

Simply Wall St -

Did Shangri-La Asia Limited's (HKG:69) Recent Earnings Growth Beat The Trend?

After looking at Shangri-La Asia Limited's (HKG:69) latest earnings update (31 December 2018), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … View our latest analysis for Shangri-La Asia? … 69's trailing twelve-month earnings (from 31 December 2018) of US$193m has.

Simply Wall St -

Shangri-La Asia Limited (HKG:69) Insiders Increased Their Holdings

So shareholders might well want to know whether insiders have been buying or selling shares in Shangri-La Asia Limited (HKG:69). … The Last 12 Months Of Insider Transactions At Shangri-La Asia. … That means that an insider was happy to buy shares at above the current price.

Simply Wall St -

69 Company Info

Description

Shangri-La Asia Limited, an investment holding company, owns/leases and operates hotels and associated properties worldwide. It operates through four segments: Hotel Properties, Hotel Management and Related Services, Investment Properties, and Property Development for Sale. The company develops, owns, and operates office and commercial properties, and serviced apartments/residences; and operates restaurants. It is also involved in the hotel ownership, and property rental and sale business; and property investment, as well as wines trading activities. The company operates hotels under the Shangri-La Hotels and Resorts, Kerry Hotels, Hotel Jen, and Traders Hotel names. As of December 31, 2018, it had equity interests in 79 operating hotels with 35,834 rooms. The company was founded in 1971 and is headquartered in Quarry Bay, Hong Kong.

Details
Name: Shangri-La Asia Limited
69
Exchange: SEHK
Founded: 1971
HK$34,205,909,034
3,585,525,056
Website: http://ir.shangri-la.com
Address: Shangri-La Asia Limited
Kerry Centre,
28th Floor,
Quarry Bay,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 69 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 30. Jun 1993
OTCPK SHAL.F Ordinary Shares Pink Sheets LLC US USD 30. Jun 1993
DB SHN Ordinary Shares Deutsche Boerse AG DE EUR 30. Jun 1993
SHSC 69 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 30. Jun 1993
SZSC 69 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 30. Jun 1993
SGX S07 Ordinary Shares Singapore Exchange SG HKD 30. Jun 1993
OTCPK SHAL.Y SPONSORED ADR Pink Sheets LLC US USD 16. Mar 2001
Number of employees
Current staff
Staff numbers
30,500
Shangri-La Asia employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 12:39
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/04/23
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.