Sun Hung Kai Properties
Market Cap
HK$333.5b
Last Updated
2019/10/21 12:40 UTC
Data Sources
Company Financials +
Executive Summary
Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, and Singapore.
Snowflake
Fundamentals
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Sun Hung Kai Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.6%
16
1.8%
HK Real Estate
0.3%
HK Market
1 Year Return
10.8%
16
8.8%
HK Real Estate
-1.5%
HK Market
Return vs Industry: 16 matched the Hong Kong Real Estate industry which returned 8.8% over the past year.
Return vs Market: 16 exceeded the Hong Kong Market which returned -1.5% over the past year.
Shareholder returns
| 16 | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.6% | 1.8% | 0.3% |
| 30 Day | 0.7% | 3.3% | 0.5% |
| 90 Day | -12.4% | -7.0% | -4.4% |
| 1 Year | 15.6%10.8% | 13.0%8.8% | 2.1%-1.5% |
| 3 Year | 12.2%0.3% | 39.1%24.6% | 14.7%3.2% |
| 5 Year | 20.9%1.2% | 63.4%37.1% | 21.5%1.2% |
Price Volatility Vs. Market
How volatile is Sun Hung Kai Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
These 4 Measures Indicate That Sun Hung Kai Properties (HKG:16) Is Using Debt Reasonably Well2 weeks ago | Simply Wall St
Is Sun Hung Kai Properties Limited's (HKG:16) CEO Pay Justified?3 weeks ago | Simply Wall St
Are Sun Hung Kai Properties Limited (HKG:16) Investors Paying Above The Intrinsic Value?Valuation
Is Sun Hung Kai Properties undervalued compared to its fair value and its price relative to the market?
7.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 16 (HK$115.3) is trading below our estimate of fair value (HK$124.02)
Significantly Below Fair Value: 16 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 16 is poor value based on its PE Ratio (7.4x) compared to the Real Estate industry average (6.2x).
PE vs Market: 16 is good value based on its PE Ratio (7.4x) compared to the Hong Kong market (10.4x).
Price to Earnings Growth Ratio
PEG Ratio: 16's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 16 is overvalued based on its PB Ratio (0.6x) compared to the HK Real Estate industry average (0.5x).
Next Steps
Future Growth
How is Sun Hung Kai Properties forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
-7.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 16's earnings are forecast to decline over the next 3 years (-7% per year).
Earnings vs Market: 16's earnings are forecast to decline over the next 3 years (-7% per year).
High Growth Earnings: 16's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 16's revenue (10.4% per year) is forecast to grow faster than the Hong Kong market (10.4% per year).
High Growth Revenue: 16's revenue (10.4% 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 (6.1%).
Next Steps
Past Performance
How has Sun Hung Kai Properties performed over the past 5 years?
9.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 16's earnings have grown by 9.9% per year over the past 5 years.
Accelerating Growth: 16's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 16 had negative earnings growth (-10.1%) over the past year, making it difficult to compare to the Real Estate industry average (-12.4%).
Return on Equity
High ROE: 16's Return on Equity (8%) is considered low.
Return on Assets
ROA vs Industry: 16 has a higher Return on Assets than the Real Estate industry average last year.
Return on Capital Employed
ROCE Improving: 16 has improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Sun Hung Kai Properties's financial position?
Financial Position Analysis
Short Term Liabilities: 16's short term assets (HK$242.4B) exceeds its short term liabilities (HK$65.9B)
Long Term Liabilities: 16's short term assets (242.4B) exceeds its long term liabilities (109.4B)
Debt to Equity History and Analysis
Debt Level: 16's debt to equity ratio (16.5%) is considered satisfactory
Reducing Debt: 16's debt to equity ratio has reduced from 20% to 16.5% over the past 5 years.
Debt Coverage: 16's debt is well covered by operating cash flow (20.8%).
Interest Coverage: 16's interest payments on its debt are well covered by EBIT (20.7x coverage).
Balance Sheet
Inventory Level: 16 has a high level of physical assets or inventory.
Debt Coverage by Assets: 16's debt is covered by short term assets (assets are 2.551570x debt).
Next Steps
Dividend
What is Sun Hung Kai Properties's current dividend yield, its reliability and sustainability?
4.29%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Sun Hung Kai Properties before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: 16's dividend (4.29%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).
High Dividend: 16's dividend (4.29%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).
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.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.9%), 16's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 16's dividends in 3 years are forecast to be well covered by earnings (44.6% payout ratio).
Next Steps
Management
What is the CEO of Sun Hung Kai Properties's salary, the management and board of directors tenure and is there insider trading?
7.3yrs
Average management tenure
CEO
Raymond Kwok (66yo)
11.7yrs
Tenure
HK$3,860,000
Compensation
Dr. Ping-Luen Kwok, also known as Raymond, Hon LLD, Hon DBA, MBA, MA (Cantab), JP, serves as the Managing Director and General Manager of Finance & Administration at Sun Hung Kai Properties Ltd. Dr. Kwok s ...
CEO Compensation Analysis
Compensation vs. Market: Raymond's total compensation ($USD492.21K) is about average for companies of similar size in the Hong Kong market ($USD806.88K).
Compensation vs Earnings: Raymond's compensation has been consistent with company performance over the past year.
Management Age and Tenure
7.3yrs
Average Tenure
61.5yo
Average Age
Experienced Management: 16's management team is seasoned and experienced (7.3 years average tenure).
Board Age and Tenure
7.5yrs
Average Tenure
63.5yo
Average Age
Experienced Board: 16's board of directors are considered experienced (7.5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 718,500 |
| Max Price | HK$129.27 |
| Entity | Company |
| Shares | 209,000 |
| Max Price | HK$102.09 |
| Entity | Company |
| Shares | 132,500 |
| Max Price | HK$99.89 |
| Entity | Company |
| Shares | 465,000 |
| Max Price | HK$101.42 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman & MD |
| Shares | 15,000 |
| Max Price | HK$102.27 |
| Entity | Company |
| Shares | 851,500 |
| Max Price | HK$102.21 |
Ownership Breakdown
Management Team
Chun Kwong (90yo)
Executive Director
- Tenure: 27yrs
- Compensation: HK$7.97m
Raymond Kwok (66yo)
Chairman & MD
- Tenure: 11.7yrs
- Compensation: HK$3.86m
Eric Tung (60yo)
Executive Director
- Tenure: 5.8yrs
- Compensation: HK$22.24m
Victor Lui (64yo)
Deputy MD & Executive Director
- Tenure: 7.5yrs
- Compensation: HK$28.05m
Frederick Li
Chief Accountant
- Tenure: 0yrs
Mike Wong (63yo)
Deputy MD & Executive Director
- Tenure: 23.8yrs
- Compensation: HK$27.73m
Adam Kwok (36yo)
Executive Director
- Tenure: 4.8yrs
- Compensation: HK$9.63m
Allen Fung (51yo)
Executive Director
- Tenure: 5.8yrs
- Compensation: HK$20.96m
Christopher Kwok (32yo)
Executive Director
- Tenure: 3.5yrs
- Compensation: HK$8.91m
Thomas MK Chan
Head of Investor Relations
- Tenure: 0yrs
Board Members
Shau-Kee Lee (91yo)
Non Executive Vice Chairman
- Tenure: 0yrs
- Compensation: HK$310.00k
Chun Kwong (90yo)
Executive Director
- Tenure: 27yrs
- Compensation: HK$7.97m
Raymond Kwok (66yo)
Chairman & MD
- Tenure: 11.7yrs
- Compensation: HK$3.86m
Richard Wong (66yo)
Independent Non-Executive Director
- Tenure: 14.4yrs
- Compensation: HK$440.00k
Eric Tung (60yo)
Executive Director
- Tenure: 5.8yrs
- Compensation: HK$22.24m
Victor Lui (64yo)
Deputy MD & Executive Director
- Tenure: 7.5yrs
- Compensation: HK$28.05m
Mike Wong (63yo)
Deputy MD & Executive Director
- Tenure: 23.8yrs
- Compensation: HK$27.73m
Adam Kwok (36yo)
Executive Director
- Tenure: 4.8yrs
- Compensation: HK$9.63m
Allen Fung (51yo)
Executive Director
- Tenure: 5.8yrs
- Compensation: HK$20.96m
Christopher Kwok (32yo)
Executive Director
- Tenure: 3.5yrs
- Compensation: HK$8.91m
Company Information
Sun Hung Kai Properties Limited's company bio, 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
- Market Cap: HK$333.535b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SUHJ.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| 16 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jan 1992 |
| SHG | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| 16 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jan 1992 |
| 16 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jan 1992 |
| SUHJ.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Jul 1992 |
Biography
Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, and Singapore. The company primarily develops and sells properties, including residential ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 12:40 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
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.