| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
16 Stock Overview
Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, Singapore, and internationally.
Sun Hung Kai Properties Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$94.80 |
| 52 Week High | HK$124.30 |
| 52 Week Low | HK$87.15 |
| Beta | 0.69 |
| 1 Month Change | 0.58% |
| 3 Month Change | -0.53% |
| 1 Year Change | -19.46% |
| 3 Year Change | -29.25% |
| 5 Year Change | -17.71% |
| Change since IPO | 349.48% |
Recent News & Updates
An Intrinsic Calculation For Sun Hung Kai Properties Limited (HKG:16) Suggests It's 23% Undervalued
In this article we are going to estimate the intrinsic value of Sun Hung Kai Properties Limited ( HKG:16 ) by taking...
Is Sun Hung Kai Properties (HKG:16) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Shareholder Returns
| 16 | HK Real Estate | HK Market | |
|---|---|---|---|
| 7D | -0.4% | -1.2% | -1.0% |
| 1Y | -19.5% | -35.6% | -26.1% |
Return vs Industry: 16 exceeded the Hong Kong Real Estate industry which returned -34.1% over the past year.
Return vs Market: 16 exceeded the Hong Kong Market which returned -24% over the past year.
Price Volatility
| 16 volatility | |
|---|---|
| 16 Average Weekly Movement | 3.3% |
| Real Estate Industry Average Movement | 7.4% |
| Market Average Movement | 8.0% |
| 10% most volatile stocks in HK Market | 15.1% |
| 10% least volatile stocks in HK Market | 3.9% |
Stable Share Price: 16 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 16's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1972 | 38,500 | Raymond Kwok | https://www.shkp.com |
Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, Singapore, and internationally. It develops and sells properties, including residential estates, offices, shopping malls, industrial buildings, and hotels and serviced suites. As of June 30, 2021, the company’s land bank comprised 57.9 million square feet of gross floor area in Hong Kong; and 75.3 million square feet of gross floor area in Mainland China.
Sun Hung Kai Properties Fundamentals Summary
| 16 fundamental statistics | |
|---|---|
| Market Cap | HK$274.71b |
| Earnings (TTM) | HK$28.29b |
| Revenue (TTM) | HK$79.35b |
9.7x
P/E Ratio3.5x
P/S RatioIs 16 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 16 income statement (TTM) | |
|---|---|
| Revenue | HK$79.35b |
| Cost of Revenue | HK$39.18b |
| Gross Profit | HK$40.17b |
| Other Expenses | HK$11.87b |
| Earnings | HK$28.29b |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 9.76 |
| Gross Margin | 50.62% |
| Net Profit Margin | 35.66% |
| Debt/Equity Ratio | 20.3% |
How did 16 perform over the long term?
See historical performance and comparisonDividends
5.2%
Current Dividend Yield51%
Payout RatioValuation
Is Sun Hung Kai Properties undervalued compared to its fair value and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
9.71x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 16 (HK$94.8) is trading above our estimate of fair value (HK$88.64)
Significantly Below Fair Value: 16 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 16 is poor value based on its Price-To-Earnings Ratio (9.7x) compared to the Hong Kong Real Estate industry average (6.6x).
PE vs Market: 16 is poor value based on its Price-To-Earnings Ratio (9.7x) compared to the Hong Kong market (8.8x).
Price to Earnings Growth Ratio
PEG Ratio: 16 is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: 16 is overvalued based on its Price-To-Book Ratio (0.5x) compared to the HK Real Estate industry average (0.3x).
Future Growth
How is Sun Hung Kai Properties forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
4.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 16's forecast earnings growth (4.8% per year) is above the savings rate (1.5%).
Earnings vs Market: 16's earnings (4.8% per year) are forecast to grow slower than the Hong Kong market (16.4% per year).
High Growth Earnings: 16's earnings are forecast to grow, but not significantly.
Revenue vs Market: 16's revenue (8.9% per year) is forecast to grow slower than the Hong Kong market (9.9% per year).
High Growth Revenue: 16's revenue (8.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 16's Return on Equity is forecast to be low in 3 years time (5.3%).
Past Performance
How has Sun Hung Kai Properties performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-13.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 16 has high quality earnings.
Growing Profit Margin: 16's current net profit margins (35.7%) are higher than last year (24.1%).
Past Earnings Growth Analysis
Earnings Trend: 16's earnings have declined by 13.7% per year over the past 5 years.
Accelerating Growth: 16's earnings growth over the past year (30.5%) exceeds its 5-year average (-13.7% per year).
Earnings vs Industry: 16 earnings growth over the past year (30.5%) exceeded the Real Estate industry 14.7%.
Return on Equity
High ROE: 16's Return on Equity (4.8%) is considered low.
Financial Health
How is Sun Hung Kai Properties's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 16's short term assets (HK$244.9B) exceed its short term liabilities (HK$73.4B).
Long Term Liabilities: 16's short term assets (HK$244.9B) exceed its long term liabilities (HK$129.3B).
Debt to Equity History and Analysis
Debt Level: 16's net debt to equity ratio (17.2%) is considered satisfactory.
Reducing Debt: 16's debt to equity ratio has increased from 15.8% to 20.3% over the past 5 years.
Debt Coverage: 16's debt is not well covered by operating cash flow (3%).
Interest Coverage: 16's interest payments on its debt are well covered by EBIT (19.5x coverage).
Balance Sheet
Dividend
What is Sun Hung Kai Properties's current dividend yield, its reliability and sustainability?
Dividend Score
5/6Dividend Score 5/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
5.22%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 16's dividend (5.22%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.82%).
High Dividend: 16's dividend (5.22%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.77%).
Stability and Growth of Payments
Stable Dividend: 16's dividends per share have been stable in the past 10 years.
Growing Dividend: 16's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (50.7%), 16's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (2829.2%), 16's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
11.9yrs
Average management tenure
CEO
Raymond Kwok (68 yo)
14.25yrs
Tenure
HK$3,680,000
Compensation
Mr. Ping-Luen Kwok, also known as Raymond, Hon LLD, Hon DBA, MBA, MA (Cantab), JP, serves as the Managing Director and General Manager of Finance & Administration at Sun Hung Kai Properties Ltd. Mr. Kwok s...
CEO Compensation Analysis
Compensation vs Market: Raymond's total compensation ($USD468.80K) is below average for companies of similar size in the Hong Kong market ($USD1.01M).
Compensation vs Earnings: Raymond's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: 16's management team is seasoned and experienced (11.9 years average tenure).
Board Members
Experienced Board: 16's board of directors are seasoned and experienced ( 14.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 16 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Sun Hung Kai Properties Limited's employee growth, exchange listings and data sources
Key Information
- Name: Sun Hung Kai Properties Limited
- Ticker: 16
- Exchange: SEHK
- Founded: 1972
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Implied Market Cap: HK$274.710b
- Shares outstanding: 2.90b
- Website: https://www.shkp.com
Number of Employees
Location
- Sun Hung Kai Properties Limited
- Sun Hung Kai Centre
- 45th Floor
- Wan Chai
- Hong Kong
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/24 00:00 |
| End of Day Share Price | 2022/05/24 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/06/30 |
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.