How does 1972's PE Ratio compare to its peers?

1972 is expensive based on its Price-To-Earnings Ratio (42.2x) compared to the peer average (19.4x).

How does 1972's PE Ratio compare vs other companies in the HK Real Estate Industry?

1972 is expensive based on its Price-To-Earnings Ratio (42.2x) compared to the Hong Kong Real Estate industry average (7.2x).

What is 1972's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1972 is expensive based on its Price-To-Earnings Ratio (42.2x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).

What is the Fair Price of 1972 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

1972 (HK$16.02) is trading below our estimate of [[fair value]] (HK$18.72)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

Swire Properties (SHSC:1972) - Stock Price, News & Analysis

1972 Stock Overview

Develops, owns, and operates mixed-use, primarily commercial properties in Hong Kong, Mainland China, the United States, and internationally. More details

1972 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	4/6
Past Performance	0/6
Financial Health	2/6
Dividends	3/6

Rewards

Trading at 14.4% below our estimate of its fair value

Earnings are forecast to grow 25.56% per year

Risk Analysis

Dividend of 6.62% is not well covered by earnings or free cash flows

Profit margins (14.4%) are lower than last year (38.5%)

Large one-off items impacting financial results

Swire Properties Limited Competitors

Wharf Real Estate Investment

SEHK:1997

HK$64.4b

China Resources Mixc Lifestyle Services

SEHK:1209

HK$68.7b

Hang Lung Properties

SEHK:101

HK$30.4b

Onewo

SEHK:2602

HK$25.6b

Price History & Performance

Summary of all time highs, changes and price drops for Swire Properties
Historical stock prices
Current Share Price	HK$16.02
52 Week High	HK$17.56
52 Week Low	HK$12.00
Beta	0.64
11 Month Change	-2.44%
3 Month Change	12.98%
1 Year Change	0.38%
33 Year Change	-22.04%
5 Year Change	-34.75%
Change since IPO	-35.92%

Recent updates

Shareholder Returns

	1972	HK Real Estate	HK Market
7D	-1.6%	-2.8%	0.05%
1Y	0.4%	-10.2%	11.5%

Return vs Industry: 1972 exceeded the Hong Kong Real Estate industry which returned -9.4% over the past year.

Return vs Market: 1972 underperformed the Hong Kong Market which returned 10.9% over the past year.

Price Volatility

Is 1972's price volatile compared to industry and market?
1972 volatility
1972 Average Weekly Movement	4.6%
Real Estate Industry Average Movement	10.1%
Market Average Movement	9.0%
10% most volatile stocks in HK Market	18.9%
10% least volatile stocks in HK Market	4.2%

Stable Share Price: 1972 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 1972's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1972	5,800	Tim Blackburn	www.swireproperties.com

Swire Properties Limited, together with its subsidiaries, develops, owns, and operates mixed-use, primarily commercial properties in Hong Kong, Mainland China, the United States, and internationally. It operates through three divisions: Property Investment, Property Trading, and Hotels. The company engages in the development, leasing, and management of commercial, retail, and residential properties; development, construction, and sale of residential apartments; and operation of hotels.

Swire Properties Limited Fundamentals Summary

How do Swire Properties's earnings and revenue compare to its market cap?
1972 fundamental statistics
Market cap	HK$93.28b
Earnings (TTM)	HK$2.21b
Revenue (TTM)	HK$15.31b

42.2x

P/E Ratio

6.1x

P/S Ratio

Is 1972 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1972 income statement (TTM)
Revenue	HK$15.31b
Cost of Revenue	HK$4.32b
Gross Profit	HK$10.99b
Other Expenses	HK$8.78b
Earnings	HK$2.21b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.38
Gross Margin	71.79%
Net Profit Margin	14.44%
Debt/Equity Ratio	15.6%

How did 1972 perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

281%

Payout Ratio

1972 Stock Overview

Rewards

Risk Analysis

Swire Properties Limited Competitors

SEHK:1997

HK$64.4b

SEHK:1209

HK$68.7b

SEHK:101

HK$30.4b

SEHK:2602

HK$25.6b

Price History & Performance

Recent News & Updates

Now 21% undervalued

Upcoming dividend of HK$0.34 per share

Non-Executive Director recently sold HK$16m worth of stock

First half 2024 earnings released: EPS: HK$0.31 (vs HK$0.38 in 1H 2023)

First half dividend increased to HK$0.34

Swire Properties Limited Announces Ordinary Interim (Semi-Annual) Dividend for the Financial Year End 31 December 2024, Payable on October 9, 2024

Recent updates

Now 21% undervalued

Upcoming dividend of HK$0.34 per share

Non-Executive Director recently sold HK$16m worth of stock

First half 2024 earnings released: EPS: HK$0.31 (vs HK$0.38 in 1H 2023)

First half dividend increased to HK$0.34

Swire Properties Limited Announces Ordinary Interim (Semi-Annual) Dividend for the Financial Year End 31 December 2024, Payable on October 9, 2024

Swire Properties Limited to Report First Half, 2024 Results on Aug 08, 2024

Now 21% undervalued

Now 20% undervalued after recent price drop

Final dividend increased to HK$0.72

Swire Properties Limited, Annual General Meeting, May 07, 2024

Full year 2023 earnings released: EPS: HK$0.45 (vs HK$1.36 in FY 2022)

New minor risk - Earnings quality

Swire Properties Limited Announces Second Interim Dividend for the Year Ended 31 December 2023, Payable 02 May 2024

Swire Properties Limited Provides Earnings Guidance for the Year Ending December 31, 2023

Swire Properties Limited Provides Earnings Guidance for the Year Ending December 31, 2023

Swire Properties Limited Appoints Richard Lawrence Sell as Non-Executive Director

Swire Properties Limited to Report Fiscal Year 2023 Results on Mar 14, 2024

Upcoming dividend of HK$0.33 per share at 6.0% yield

New major risk - Dividend sustainability

First half 2023 earnings released: EPS: HK$0.38 (vs HK$0.74 in 1H 2022)

Swire Properties Limited Announces First Interim Dividend for the Year Ended December 31, 2023, Payable on October 12, 2023

Swire Properties Limited to Report First Half, 2023 Results on Aug 10, 2023

Upcoming dividend of HK$0.68 per share at 5.0% yield

Full year 2022 earnings released: EPS: HK$1.36 (vs HK$1.22 in FY 2021)

Swire Properties Limited Appoints Henry Bott as President of Its Miami-Based U.S. Real Estate Operation

Swire Properties Limited to Report Fiscal Year 2022 Results on Mar 09, 2023

Swire Properties Limited to Report First Half, 2022 Results on Sep 06, 2022

Swire Properties Limited to Report First Half, 2022 Results on Sep 06, 2022

Upcoming dividend of HK$0.32 per share

Swire Properties Limited Declares First Interim Dividend for the Year Ending December 31, 2022, Payable on 06 October 2022

First half 2022 earnings released

Swire Properties Limited to Report First Half, 2022 Results on Aug 11, 2022

Swire Properties Limited to Report Q2, 2022 Results on Aug 11, 2022

Upcoming dividend of HK$0.64 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of HK$0.31 per share

Non-Executive Director Patrick Healy has left the company

First half 2021 earnings released: EPS HK$0.34 (vs HK$0.18 in 1H 2020)

Full year 2020 earnings released: EPS HK$0.70 (vs HK$2.30 in FY 2019)

Non-Executive Director has left the company

Upcoming dividend of HK$0.61 per share

Swire Properties Limited Declares Second Interim Dividend, Payable on May 6, 2021

Full year 2020 earnings released: EPS HK$0.70 (vs HK$2.30 in FY 2019)

Revenue beats expectations

New 90-day high: HK$24.45

New 90-day low: HK$22.10

Gateway Real Estate Fund VI, L.P. managed by Gaw Capital Partners and Schroder Pamfleet through its fund completed the acquisition of Cityplaza One Property from Swire Properties Limited (SEHK:1972).

Swire Properties Limited Announces Board Changes, Effective from April 1, 2021

New 90-day high: HK$21.60

Swire Properties, Swire Pacific to Resume SHR Trading PM on Talks to Sell Cityplaza One

Swire Properties Limited to Report Fiscal Year 2020 Results on Mar 11, 2021

Upcoming Dividend of HK$0.30 Per Share

New 90-day high - HK$20.85

First half earnings released

Swire Properties Limited (SEHK:1972) completed the 80% stake in 102,420 square feet of property at No. 391 Chai Wan Road, Chai Wan from China Motor Bus Company, Limited (SEHK:26).

Shareholder Returns

Price Volatility

About the Company