Wharf (Holdings) Future Growth

Future criteria checks 3/6

Wharf (Holdings)'s revenue is forecast to decline at 1.3% per annum while its annual earnings are expected to grow at 67.9% per year. EPS is expected to grow by 73.6% per annum. Return on equity is forecast to be 2.9% in 3 years.

Key information

67.9%

Earnings growth rate

73.6%

EPS growth rate

Real Estate earnings growth	21.4%
Revenue growth rate	-1.3%
Future return on equity	2.9%
Analyst coverage	Good
Last updated	07 Dec 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

SHSC:4 - Analysts future estimates and past financials data (HKD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	16,562	4,371	N/A	6,598	6
12/31/2025	15,238	4,503	N/A	3,862	8
12/31/2024	14,128	4,099	N/A	2,969	8
6/30/2024	17,852	-2,388	2,459	2,459	N/A
3/31/2024	18,401	-721	2,419	2,419	N/A
12/31/2023	18,950	945	2,379	2,379	N/A
9/30/2023	18,468	-60	1,804	1,804	N/A
6/30/2023	17,985	-1,066	1,229	1,229	N/A
3/31/2023	18,025	-1,385	3,706	3,706	N/A
12/31/2022	18,064	-1,705	6,183	6,183	N/A
9/30/2022	18,157	1,667	10,435	10,435	N/A
6/30/2022	18,250	5,038	14,687	14,687	N/A
3/31/2022	20,314	5,529	8,621	8,621	N/A
12/31/2021	22,378	6,019	2,554	2,554	N/A
9/30/2021	25,081	6,331	1,656	1,656	N/A
6/30/2021	27,783	6,643	757	757	N/A
3/31/2021	24,390	5,254	5,513	5,513	N/A
12/31/2020	20,997	3,864	10,268	10,268	N/A
9/30/2020	17,679	1,530	8,738	8,738	N/A
6/30/2020	14,361	-805	7,208	7,208	N/A
3/31/2020	15,618	1,291	8,264	8,264	N/A
12/31/2019	16,874	3,386	9,320	9,320	N/A
9/30/2019	19,085	4,800	10,962	10,962	N/A
6/30/2019	21,296	6,213	12,603	12,603	N/A
3/31/2019	21,176	6,418	2,256	2,256	N/A
12/31/2018	21,055	6,623	-8,091	-8,091	N/A
9/30/2018	27,544	11,459	-12,242	-12,206	N/A
6/30/2018	34,033	16,295	-16,394	-16,322	N/A
3/31/2018	38,653	19,086	N/A	-5,557	N/A
12/31/2017	43,273	21,876	N/A	5,208	N/A
9/30/2017	43,471	22,516	N/A	13,868	N/A
6/30/2017	43,669	23,156	N/A	22,527	N/A
3/31/2017	45,148	22,298	N/A	25,806	N/A
12/31/2016	46,627	21,440	N/A	29,084	N/A
9/30/2016	44,809	18,616	N/A	29,090	N/A
6/30/2016	42,990	15,791	N/A	29,095	N/A
3/31/2016	41,933	15,908	N/A	26,574	N/A
12/31/2015	40,875	16,024	N/A	24,053	N/A
9/30/2015	40,301	23,606	N/A	22,380	N/A
6/30/2015	39,727	31,187	N/A	20,707	N/A
3/31/2015	38,932	33,559	N/A	19,480	N/A
12/31/2014	38,136	35,930	N/A	18,253	N/A
9/30/2014	35,729	29,886	N/A	15,488	N/A
6/30/2014	33,322	23,841	N/A	12,722	N/A
3/31/2014	32,605	26,611	N/A	14,264	N/A
12/31/2013	31,887	29,380	N/A	15,805	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 4 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: 4 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 4 is expected to become profitable in the next 3 years.

Revenue vs Market: 4's revenue is expected to decline over the next 3 years (-1.3% per year).

High Growth Revenue: 4's revenue is forecast to decline over the next 3 years (-1.3% 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 (2.9%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 13:50
End of Day Share Price	2024/12/24 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

The Wharf (Holdings) Limited is covered by 34 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kwok Yi Louie	Barclays
C Wong	BNP Paribas Securities (Asia)
Karl Choi	BofA Global Research

Wharf (Holdings) Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Wharf (Holdings) Limited Provides Earnings Guidance for the Year Ended 31 December 2022

Wharf (Holdings) Limited Provides Group Earnings Guidance for the Six Months Ended June 30, 2022

Recent updates

Upcoming dividend of HK$0.20 per share

First half dividend of HK$0.20 announced

The Wharf (Holdings) Limited Announces Interim Dividend for the Half-Year Period Ended 30 June 2024, Payable on 12 September 2024

The Wharf (Holdings) Limited to Report Q2, 2024 Results on Aug 08, 2024

Upcoming dividend of HK$0.20 per share

The Wharf (Holdings) Limited, Annual General Meeting, May 08, 2024

Final dividend of HK$0.20 announced

The Wharf (Holdings) Limited Announces Second Interim Ordinary Cash Dividend for the Year Ended 31 December 2023, Payable on 25 April 2024

The Wharf (Holdings) Limited to Report Fiscal Year 2023 Final Results on Mar 12, 2024

Insufficient new directors

Independent Non-Executive Director recently bought HK$912k worth of stock

Upcoming dividend of HK$0.20 per share at 2.5% yield

Wharf (Holdings) Limited Announces Interim Dividend for the Half-Year Period Ended 30 June 2023, Payable on 14 September 2023

Wharf (Holdings) Limited to Report First Half, 2023 Results on Aug 09, 2023

Upcoming dividend of HK$0.20 per share at 2.2% yield

Independent Non-Executive Director recently bought HK$446k worth of stock

Wharf (Holdings) Limited Provides Earnings Guidance for the Year Ended 31 December 2022

Independent Non-Executive Director recently bought HK$1.7m worth of stock

Upcoming dividend of HK$0.20 per share

Wharf (Holdings) Limited Announces Interim Dividend for the Half-Year Period Ended 30 June 2022, Payable on 15 September 2022

Wharf (Holdings) Limited to Report First Half, 2022 Results on Aug 10, 2022

Wharf (Holdings) Limited Provides Group Earnings Guidance for the Six Months Ended June 30, 2022

Investor sentiment improved over the past week

Wharf (Holdings) Limited Announces Retirement of Andrew on Kiu Chow as Director

Upcoming dividend of HK$0.20 per share

Deputy Chairman recently sold HK$1.3m worth of stock

Deputy Chairman recently sold HK$1.3m worth of stock

Investor sentiment deteriorated over the past week

Wharf (Holdings) Limited to Report Fiscal Year 2021 Results on Mar 09, 2022

Upcoming dividend of HK$0.20 per share

First half 2021 earnings released: EPS HK$0.34 (vs HK$0.57 loss in 1H 2020)

Executive Director recently sold HK$2.9m worth of stock

Executive Director recently sold HK$2.1m worth of stock

Deputy Chairman recently sold HK$4.1m worth of stock

Deputy Chairman recently sold HK$564k worth of stock

Executive Director recently sold HK$2.4m worth of stock

Vice Chairman Yuk Fong Lee has left the company

Non-Executive Director recently sold HK$2.4m worth of stock

Deputy Chairman recently sold HK$1.8m worth of stock

Deputy Chairman recently bought HK$1.0m worth of stock

Full year 2020 earnings released: EPS HK$1.27 (vs HK$1.11 in FY 2019)

Upcoming dividend of HK$0.20 per share

Deputy Chairman recently sold HK$994k worth of stock

Wharf (Holdings) Limited, Annual General Meeting, May 11, 2021

Full year 2020 earnings released: EPS HK$1.27 (vs HK$1.11 in FY 2019)

Revenue beats expectations

Wharf (Holdings) Limited to Report Fiscal Year 2020 Results on Mar 09, 2021

Deputy Chairman recently sold HK$1.2m worth of stock

Vice Chairman recently sold HK$6.1m worth of stock

Wharf (Holdings) Limited Announces Appointment of Mr. Richard Yat Sun Tang and Ms. Nancy Sau Ling Tse as Additional Independent Non-Executive Directors

New 90-day high: HK$20.45

New 90-day high: HK$19.50

Vice Chairman & Group CFO recently sold HK$5.4m worth of stock

Chairman & MD recently sold HK$8.8m worth of stock

New 90-day high: HK$16.54

New 90-day high: HK$15.90

Wharf (Holdings) Limited Appoints Yen Thean Leng as Non-Executive Director, Effective October 1, 2020

First half earnings released

Wharf (Holdings) Limited to Report First Half, 2020 Results on Aug 03, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources