Wang On Properties Past Earnings Performance

Past criteria checks 4/6

Wang On Properties's earnings have been declining at an average annual rate of -26.9%, while the Real Estate industry saw earnings growing at 0.2% annually. Revenues have been declining at an average rate of 31.7% per year. Wang On Properties's return on equity is 7.6%, and it has net margins of 40.4%.

Key information

-26.9%

Earnings growth rate

-26.9%

EPS growth rate

Real Estate Industry Growth	2.8%
Revenue growth rate	-31.7%
Return on equity	7.6%
Net Margin	40.4%
Last Earnings Update	30 Sep 2023

Recent past performance updates

Recent updates

A Look At The Intrinsic Value Of Wang On Properties Limited (HKG:1243)

May 11

A Look At Wang On Properties' (HKG:1243) Share Price Returns

Feb 26

Revenue & Expenses Breakdown
Beta

How Wang On Properties makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SEHK:1243 Revenue, expenses and earnings (HKD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 23	1,018	411	271
30 Jun 23	1,505	311	280
31 Mar 23	1,992	211	289
31 Dec 22	1,641	208	251
30 Sep 22	1,289	204	211
30 Jun 22	664	245	176
31 Mar 22	39	285	140
31 Dec 21	69	414	140
30 Sep 21	100	544	140
30 Jun 21	220	505	151
31 Mar 21	340	467	162
31 Dec 20	369	208	183
30 Sep 20	398	-50	203
30 Jun 20	1,385	204	277
31 Mar 20	2,372	457	352
31 Dec 19	2,349	493	332
30 Sep 19	2,326	529	312
30 Jun 19	2,579	515	279
31 Mar 19	2,832	500	246
31 Dec 18	3,451	978	272
30 Sep 18	4,070	1,455	297
30 Jun 18	2,711	1,632	240
31 Mar 18	1,352	1,808	182
31 Dec 17	728	1,370	145
30 Sep 17	104	931	108
30 Jun 17	128	485	116
31 Mar 17	152	39	124
31 Dec 16	161	176	153
30 Sep 16	170	313	183
30 Jun 16	408	362	185
31 Mar 16	645	410	188
31 Dec 15	952	390	190
30 Sep 15	1,259	370	193
30 Jun 15	1,244	414	184
31 Mar 15	1,230	457	174
31 Mar 14	1,389	427	153

Quality Earnings: 1243 has high quality earnings.

Growing Profit Margin: 1243's current net profit margins (40.4%) are higher than last year (15.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 1243's earnings have declined by 26.9% per year over the past 5 years.

Accelerating Growth: 1243's earnings growth over the past year (101.4%) exceeds its 5-year average (-26.9% per year).

Earnings vs Industry: 1243 earnings growth over the past year (101.4%) exceeded the Real Estate industry -2.9%.

Wang On Properties Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

First half 2024 earnings released: EPS: HK$0.018 (vs HK$0.004 in 1H 2023)

First half 2024 earnings released: EPS: HK$0.018 (vs HK$0.004 in 1H 2023)

Wang On Properties Limited to Report First Half, 2024 Results on Nov 28, 2023

Full year 2023 earnings released: EPS: HK$0.014 (vs HK$0.019 in FY 2022)

Full year 2023 earnings released: EPS: HK$0.014 (vs HK$0.019 in FY 2022)

Wang On Properties Limited to Report Fiscal Year 2023 Final Results on Jun 27, 2023

Recent updates

Wang On Properties Limited Announces Management Changes

First half 2024 earnings released: EPS: HK$0.018 (vs HK$0.004 in 1H 2023)

First half 2024 earnings released: EPS: HK$0.018 (vs HK$0.004 in 1H 2023)

Wang On Properties Limited to Report First Half, 2024 Results on Nov 28, 2023

Wang on Properties Limited Approves Final Dividend for the Financial Year Ended 31 March 2023

Now 21% undervalued

Full year 2023 earnings released: EPS: HK$0.014 (vs HK$0.019 in FY 2022)

Wang On Properties Limited, Annual General Meeting, Aug 22, 2023

Full year 2023 earnings released: EPS: HK$0.014 (vs HK$0.019 in FY 2022)

New minor risk - Financial data availability

Wang On Properties Limited to Report Fiscal Year 2023 Final Results on Jun 27, 2023

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 21% undervalued

Wang On Properties Limited Announces Directorate and Committee Changes

First half 2023 earnings released: EPS: HK$0.004 (vs HK$0.01 in 1H 2022)

Insufficient new directors

Wang On Properties Limited to Report First Half, 2023 Results on Nov 24, 2022

Wang on Properties Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 30 September 2022

Insufficient new directors

Wang on Properties Limited Declares Final Dividend for the Financial Year Ended 31 March 2022

Wang On Properties Limited, Annual General Meeting, Aug 26, 2022

Full year 2022 earnings released: EPS: HK$0.019 (vs HK$0.031 in FY 2021)

Wang on Properties Limited Recommends the Payment of Final Dividend for the Year Ended 31 March 2022, Payable on or Around 14 September 2022

Wang On Properties Limited to Report Fiscal Year 2022 Final Results on Jun 27, 2022

Wang on Properties Limited Provides Group Earnings Guidance for the Year Ended 31 March 2022

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Full year 2021 earnings released: EPS HK$0.031 (vs HK$0.03 in FY 2020)

A Look At The Intrinsic Value Of Wang On Properties Limited (HKG:1243)

A Look At Wang On Properties' (HKG:1243) Share Price Returns

Non-Executive Chairman Chun Hong Chan has left the company

Wang On Properties Limited Announces Executive Changes

Wang on Properties Limited Appoints Tang Ho Hong Has as Chief Executive Officer

First half 2021 earnings released: EPS HK$0.005

First half 2021 earnings released: EPS HK$0.005

Wang On Properties Limited to Report First Half, 2021 Results on Nov 24, 2020

KKR & Co. Inc. (NYSE:KKR) agreed to acquire a 50% stake in two-story retail podium at the Lake Silver apartment complex at Ma On Shan from Wang On Group Limited (SEHK:1222) and Wang On Properties Limited (SEHK:1243) for HKD 180 million.

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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