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19

Swire PacificSEHK:19 Stock Report

Market Cap

HK$69.4b

7D

-1.7%

1Y

34.4%

Updated

26 Oct, 2021

Data

Company Financials +
19 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance0/6
Financial Health4/6
Dividends2/6

19 Overview

Swire Pacific Limited engages in property, aviation, beverages, marine services, and trading and industrial businesses in Hong Kong, Mainland China, rest of Asia, the United States, and internationally.

Swire Pacific Competitors

Tidewater

NYSE:TDW

US$548.0m

Solstad Offshore

OB:SOFF

kr411.3m

Price History & Performance

Summary of all time highs, changes and price drops for Swire Pacific
Historical stock prices
Current Share PriceHK$49.40
52 Week HighHK$35.10
52 Week LowHK$64.60
Beta1.09
1 Month Change10.27%
3 Month Change1.54%
1 Year Change34.42%
3 Year Change-39.28%
5 Year Change-38.82%
Change since IPO111.11%

Recent News & Updates

Sep 24
Here's Why Swire Pacific (HKG:19) Can Manage Its Debt Responsibly

Here's Why Swire Pacific (HKG:19) Can Manage Its Debt Responsibly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Jul 21
Is It Too Late To Consider Buying Swire Pacific Limited (HKG:19)?

Is It Too Late To Consider Buying Swire Pacific Limited (HKG:19)?

While Swire Pacific Limited ( HKG:19 ) might not be the most widely known stock at the moment, it received a lot of...

Jun 25
Is Swire Pacific (HKG:19) A Risky Investment?

Is Swire Pacific (HKG:19) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

May 20
Are Investors Undervaluing Swire Pacific Limited (HKG:19) By 26%?

Are Investors Undervaluing Swire Pacific Limited (HKG:19) By 26%?

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Swire Pacific Limited...

Shareholder Returns

19HK Real EstateHK Market
7D-1.7%0.2%-0.5%
1Y34.4%-8.2%6.3%

Return vs Industry: 19 exceeded the Hong Kong Real Estate industry which returned -6.8% over the past year.

Return vs Market: 19 exceeded the Hong Kong Market which returned 6.7% over the past year.

Price Volatility

Is 19's price volatile compared to industry and market?
19 volatility
19 Beta1.09
Industry Beta0.85
Market Beta1

Stable Share Price: 19 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 19's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
181686,768n/ahttps://www.swirepacific.com

Swire Pacific Limited engages in property, aviation, beverages, marine services, and trading and industrial businesses in Hong Kong, Mainland China, rest of Asia, the United States, and internationally. Its Property division develops, owns, and operates mixed-use properties. This division’s property investment portfolio comprises office and retail premises, serviced apartments, other luxury residential accommodations, and commercial mixed-use developments; and trading portfolio consists of residential properties.

Swire Pacific Fundamentals Summary

How do Swire Pacific's earnings and revenue compare to its market cap?
19 fundamental statistics
Market CapHK$69.38b
Earnings (TTM)-HK$4.05b
Revenue (TTM)HK$87.71b

0.8x

P/S Ratio

-18.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
19 income statement (TTM)
RevenueHK$87.71b
Cost of RevenueHK$54.58b
Gross ProfitHK$33.14b
ExpensesHK$37.19b
Earnings-HK$4.05b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Mar 10, 2022

Earnings per share (EPS)-2.70
Gross Margin37.78%
Net Profit Margin-4.62%
Debt/Equity Ratio20.1%

How did 19 perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

-74%

Payout Ratio

Valuation

Is Swire Pacific undervalued compared to its fair value and its price relative to the market?

35.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 19 (HK$49.4) is trading below our estimate of fair value (HK$76.11)

Significantly Below Fair Value: 19 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 19 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Real Estate industry average.

PE vs Market: 19 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 19's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 19 is good value based on its PB Ratio (0.3x) compared to the HK Real Estate industry average (0.5x).


Future Growth

How is Swire Pacific forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

92.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 19 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).

Earnings vs Market: 19 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 19's is expected to become profitable in the next 3 years.

Revenue vs Market: 19's revenue (4.5% per year) is forecast to grow slower than the Hong Kong market (12.4% per year).

High Growth Revenue: 19's revenue (4.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 19's Return on Equity is forecast to be low in 3 years time (4.1%).


Past Performance

How has Swire Pacific performed over the past 5 years?

-34.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 19 is currently unprofitable.

Growing Profit Margin: 19 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 19 is unprofitable, and losses have increased over the past 5 years at a rate of 34.9% per year.

Accelerating Growth: Unable to compare 19's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 19 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (23.4%).


Return on Equity

High ROE: 19 has a negative Return on Equity (-0.89%), as it is currently unprofitable.


Financial Health

How is Swire Pacific's financial position?


Financial Position Analysis

Short Term Liabilities: 19's short term assets (HK$43.4B) do not cover its short term liabilities (HK$45.8B).

Long Term Liabilities: 19's short term assets (HK$43.4B) do not cover its long term liabilities (HK$64.8B).


Debt to Equity History and Analysis

Debt Level: 19's debt to equity ratio (20.1%) is considered satisfactory.

Reducing Debt: 19's debt to equity ratio has reduced from 26.7% to 20.1% over the past 5 years.

Debt Coverage: 19's debt is well covered by operating cash flow (26.7%).

Interest Coverage: 19's interest payments on its debt are well covered by EBIT (6.8x coverage).


Balance Sheet


Dividend

What is Swire Pacific current dividend yield, its reliability and sustainability?

4.05%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 19's dividend (4.05%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.24%).

High Dividend: 19's dividend (4.05%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.8%).


Stability and Growth of Payments

Stable Dividend: 19's dividend payments have been volatile in the past 10 years.

Growing Dividend: 19's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: 19 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: 19's dividends in 3 years are forecast to be well covered by earnings (48.8% payout ratio).


Next Steps

Management

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

1.0yrs

Average management tenure


CEO

Swire Pacific has no CEO, or we have no data on them.


Leadership Team

Experienced Management: 19's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: 19's board of directors are considered experienced (4.3 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

Swire Pacific Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Swire Pacific Limited
  • Ticker: 19
  • Exchange: SEHK
  • Founded: 1816
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: HK$69.377b
  • Shares outstanding: 1.50b
  • Website: https://www.swirepacific.com

Number of Employees


Location

  • Swire Pacific Limited
  • One Pacific Place
  • 33rd Floor
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:09
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.