Hysan is a leading property investment, management and development company in Hong Kong, with a portfolio of more than 4 million square feet of high-quality office, retail and residential properties.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$26.50|
|52 Week High||HK$24.00|
|52 Week Low||HK$33.80|
|1 Month Change||5.16%|
|3 Month Change||-14.24%|
|1 Year Change||4.33%|
|3 Year Change||-29.89%|
|5 Year Change||-25.35%|
|Change since IPO||219.28%|
Recent News & Updates
Hysan Development (HKG:14) Has A Somewhat Strained Balance Sheet
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
We Like The Quality Of Hysan Development's (HKG:14) Earnings
Hysan Development Company Limited's ( HKG:14 ) recent earnings report didn't offer any surprises, with the shares...
|14||HK Real Estate||HK Market|
Return vs Industry: 14 exceeded the Hong Kong Real Estate industry which returned -12.5% over the past year.
Return vs Market: 14 matched the Hong Kong Market which returned 5.3% over the past year.
Stable Share Price: 14 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 14's weekly volatility (3%) has been stable over the past year.
About the Company
Hysan is a leading property investment, management and development company in Hong Kong, with a portfolio of more than 4 million square feet of high-quality office, retail and residential properties. Operating primarily in the city’s prime retail/office district of Causeway Bay, we are focused on delighting our customers and providing investors with outstanding returns.
Hysan Development Fundamentals Summary
|14 fundamental statistics|
Is 14 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|14 income statement (TTM)|
|Cost of Revenue||HK$489.00m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.58|
|Net Profit Margin||15.57%|
How did 14 perform over the long term?See historical performance and comparison
5.4%Current Dividend Yield
Is Hysan Development 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: 14 (HK$26.5) is trading below our estimate of fair value (HK$31.14)
Significantly Below Fair Value: 14 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 14 is poor value based on its PE Ratio (46.1x) compared to the Hong Kong Real Estate industry average (7.4x).
PE vs Market: 14 is poor value based on its PE Ratio (46.1x) compared to the Hong Kong market (9.7x).
Price to Earnings Growth Ratio
PEG Ratio: 14 is poor value based on its PEG Ratio (2.9x)
Price to Book Ratio
PB vs Industry: 14 is good value based on its PB Ratio (0.3x) compared to the HK Real Estate industry average (0.4x).
How is Hysan Development forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 14's forecast earnings growth (16% per year) is above the savings rate (1.5%).
Earnings vs Market: 14's earnings (16% per year) are forecast to grow slower than the Hong Kong market (17.4% per year).
High Growth Earnings: 14's earnings are forecast to grow, but not significantly.
Revenue vs Market: 14's revenue (9.3% per year) is forecast to grow slower than the Hong Kong market (12.5% per year).
High Growth Revenue: 14's revenue (9.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 14's Return on Equity is forecast to be low in 3 years time (3.2%).
How has Hysan Development performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 14 has a large one-off loss of HK$1.3B impacting its June 30 2021 financial results.
Growing Profit Margin: 14 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 14's earnings have declined by 14% per year over the past 5 years.
Accelerating Growth: 14 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 14 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (23.4%).
Return on Equity
High ROE: 14's Return on Equity (1.3%) is considered low.
How is Hysan Development's financial position?
Financial Position Analysis
Short Term Liabilities: 14's short term assets (HK$11.5B) exceed its short term liabilities (HK$1.8B).
Long Term Liabilities: 14's short term assets (HK$11.5B) do not cover its long term liabilities (HK$27.6B).
Debt to Equity History and Analysis
Debt Level: 14's debt to equity ratio (30.6%) is considered satisfactory.
Reducing Debt: 14's debt to equity ratio has increased from 7.2% to 30.6% over the past 5 years.
Debt Coverage: 14's debt is not well covered by operating cash flow (8.9%).
Interest Coverage: 14's interest payments on its debt are well covered by EBIT (8.4x coverage).
What is Hysan Development current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 14's dividend (5.43%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).
High Dividend: 14's dividend (5.43%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.78%).
Stability and Growth of Payments
Stable Dividend: 14's dividends per share have been stable in the past 10 years.
Growing Dividend: 14's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (251.4%), 14's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 14's dividends in 3 years are forecast to be covered by earnings (59.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Hysan Development has no CEO, or we have no data on them.
Experienced Management: 14's management team is seasoned and experienced (9.6 years average tenure).
Experienced Board: 14's board of directors are seasoned and experienced ( 11.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 14 insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hysan Development Company Limited's employee growth, exchange listings and data sources
- Name: Hysan Development Company Limited
- Ticker: 14
- Exchange: SEHK
- Founded: NaN
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: HK$27.461b
- Shares outstanding: 1.04b
- Website: https://www.hysan.com.hk
Number of Employees
- Hysan Development Company Limited
- Lee Garden One
- 33 Hysan Avenue
- Wan Chai
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 10:05|
|End of Day Share Price||2021/10/15 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.