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173

K. Wah International Holdings SEHK:173 Stock Report

Last Price

HK$2.85

Market Cap

HK$8.9b

7D

-1.7%

1Y

-18.8%

Updated

08 Aug, 2022

Data

Company Financials +
173 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends4/6

173 Stock Overview

K. Wah International Holdings Limited, an investment holding company, engages in the property development and investment activities in Hong Kong and Mainland China.

K. Wah International Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for K. Wah International Holdings
Historical stock prices
Current Share PriceHK$2.85
52 Week HighHK$3.58
52 Week LowHK$2.56
Beta0.64
1 Month Change-5.00%
3 Month Change0.35%
1 Year Change-18.80%
3 Year Change-23.39%
5 Year Change-37.36%
Change since IPO79.25%

Recent News & Updates

Apr 28
K. Wah International Holdings' (HKG:173) Dividend Will Be HK$0.14

K. Wah International Holdings' (HKG:173) Dividend Will Be HK$0.14

K. Wah International Holdings Limited ( HKG:173 ) will pay a dividend of HK$0.14 on the 22nd of July. This makes the...

Shareholder Returns

173HK Real EstateHK Market
7D-1.7%-1.8%-0.7%
1Y-18.8%-33.1%-20.5%

Return vs Industry: 173 exceeded the Hong Kong Real Estate industry which returned -33.1% over the past year.

Return vs Market: 173 exceeded the Hong Kong Market which returned -20.5% over the past year.

Price Volatility

Is 173's price volatile compared to industry and market?
173 volatility
173 Average Weekly Movement2.5%
Real Estate Industry Average Movement5.8%
Market Average Movement6.6%
10% most volatile stocks in HK Market12.9%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 173 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 173's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19901,010Che-Woo Luihttps://www.kwih.com

K. Wah International Holdings Limited, an investment holding company, engages in the property development and investment activities in Hong Kong and Mainland China. Its property portfolio comprises residential developments, office towers, hotels, serviced apartments, and retail premises. The company also provides property management services to residential buildings, commercial facilities, office towers, and real estate complexes.

K. Wah International Holdings Fundamentals Summary

How do K. Wah International Holdings's earnings and revenue compare to its market cap?
173 fundamental statistics
Market CapHK$8.93b
Earnings (TTM)HK$3.35b
Revenue (TTM)HK$16.22b

2.7x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
173 income statement (TTM)
RevenueHK$16.22b
Cost of RevenueHK$10.66b
Gross ProfitHK$5.56b
Other ExpensesHK$2.21b
EarningsHK$3.35b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.07
Gross Margin34.29%
Net Profit Margin20.69%
Debt/Equity Ratio42.0%

How did 173 perform over the long term?

See historical performance and comparison

Dividends

7.4%

Current Dividend Yield

20%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 173 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 173?

Other financial metrics that can be useful for relative valuation.

173 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA4.7x
PEG Ratio-0.07x

Price to Earnings Ratio vs Peers

How does 173's PE Ratio compare to its peers?

173 PE Ratio vs Peers
The above table shows the PE ratio for 173 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.7x
272 Shui On Land
4.3xn/aHK$8.1b
1224 C C Land Holdings
15.4xn/aHK$7.6b
28 Tian An China Investments
4.1xn/aHK$5.9b
3377 Sino-Ocean Group Holding
2.9x4.5%HK$9.3b
173 K. Wah International Holdings
2.7x-38.6%HK$8.9b

Price-To-Earnings vs Peers: 173 is good value based on its Price-To-Earnings Ratio (2.7x) compared to the peer average (6.7x).


Price to Earnings Ratio vs Industry

How does 173's PE Ratio compare vs other companies in the HK Real Estate Industry?

Price-To-Earnings vs Industry: 173 is good value based on its Price-To-Earnings Ratio (2.7x) compared to the Hong Kong Real Estate industry average (5.7x)


Price to Earnings Ratio vs Fair Ratio

What is 173'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.

173 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.7x
Fair PE Ratio3x

Price-To-Earnings vs Fair Ratio: 173 is good value based on its Price-To-Earnings Ratio (2.7x) compared to the estimated Fair Price-To-Earnings Ratio (3x).


Share Price vs Fair Value

What is the Fair Price of 173 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 173 (HK$2.85) is trading below our estimate of fair value (HK$62.59)

Significantly Below Fair Value: 173 is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is K. Wah International Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-38.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 173's earnings are forecast to decline over the next 3 years (-38.6% per year).

Earnings vs Market: 173's earnings are forecast to decline over the next 3 years (-38.6% per year).

High Growth Earnings: 173's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 173's revenue is expected to decline over the next 3 years (-27.1% per year).

High Growth Revenue: 173's revenue is forecast to decline over the next 3 years (-27.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 173's Return on Equity is forecast to be low in 3 years time (3.6%).


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Past Performance

How has K. Wah International Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-3.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 173 has high quality earnings.

Growing Profit Margin: 173's current net profit margins (20.7%) are lower than last year (27.9%).


Past Earnings Growth Analysis

Earnings Trend: 173's earnings have declined by 3.8% per year over the past 5 years.

Accelerating Growth: 173's earnings growth over the past year (2.6%) exceeds its 5-year average (-3.8% per year).

Earnings vs Industry: 173 earnings growth over the past year (2.6%) underperformed the Real Estate industry 17%.


Return on Equity

High ROE: 173's Return on Equity (7.6%) is considered low.


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Financial Health

How is K. Wah International Holdings's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 173's short term assets (HK$37.7B) exceed its short term liabilities (HK$14.0B).

Long Term Liabilities: 173's short term assets (HK$37.7B) exceed its long term liabilities (HK$19.3B).


Debt to Equity History and Analysis

Debt Level: 173's net debt to equity ratio (21.5%) is considered satisfactory.

Reducing Debt: 173's debt to equity ratio has increased from 40.6% to 42% over the past 5 years.

Debt Coverage: 173's debt is well covered by operating cash flow (39%).

Interest Coverage: 173 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is K. Wah International Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


7.37%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 173's dividend (7.37%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.87%).

High Dividend: 173's dividend (7.37%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.36%).


Stability and Growth of Payments

Stable Dividend: 173's dividend payments have been volatile in the past 10 years.

Growing Dividend: 173's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (19.6%), 173's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (8.9%), 173's dividend payments are thoroughly covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

13.6yrs

Average board tenure


CEO

Che-Woo Lui (92 yo)

no data

Tenure

HK$21,001,000

Compensation

Dr. Che-Woo Lui, GBM, MBE, JP, LLD, DSSc, DBA, the founder of the Galaxy Entertainment Group Limited, has been a Director of the Galaxy Entertainment Group Limited since August 1991 and is the Chairman and...


CEO Compensation Analysis

Compensation vs Market: Che-Woo's total compensation ($USD2.68M) is above average for companies of similar size in the Hong Kong market ($USD539.28K).

Compensation vs Earnings: Che-Woo's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: 173's board of directors are seasoned and experienced ( 13.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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

K. Wah International Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: K. Wah International Holdings Limited
  • Ticker: 173
  • Exchange: SEHK
  • Founded: 1990
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: HK$8.929b
  • Shares outstanding: 3.13b
  • Website: https://www.kwih.com

Number of Employees


Location

  • K. Wah International Holdings Limited
  • K. Wah Centre
  • 29th Floor
  • North Point
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/08 00:00
End of Day Share Price2022/08/08 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.