SEHK:19

Stock Analysis Report

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Executive Summary

Swire Pacific Limited engages in property, aviation, beverages, marine services, and trading and industrial businesses in Hong Kong, Asia, the United States, and internationally. More Details


Snowflake Analysis

Average dividend payer and fair value.


Similar Companies

Share Price & News

How has Swire Pacific's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 19 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.4%

19

-2.7%

HK Real Estate

-0.7%

HK Market


1 Year Return

-50.0%

19

-14.4%

HK Real Estate

0.4%

HK Market

Return vs Industry: 19 underperformed the Hong Kong Real Estate industry which returned -13.9% over the past year.

Return vs Market: 19 underperformed the Hong Kong Market which returned 0.3% over the past year.


Shareholder returns

19IndustryMarket
7 Day-2.4%-2.7%-0.7%
30 Day-1.1%-3.4%4.9%
90 Day-4.5%-6.4%1.2%
1 Year-47.4%-50.0%-9.9%-14.4%4.6%0.4%
3 Year-46.8%-52.4%-10.3%-24.0%-7.1%-17.2%
5 Year-50.7%-59.0%30.2%4.6%15.0%-4.5%

Price Volatility Vs. Market

How volatile is Swire Pacific's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 19 (HK$36.75) is trading below our estimate of fair value (HK$74.95)

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 HK 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 (0.2x) compared to the HK Real Estate industry average (0.4x).


Next Steps

Future Growth

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

112.6%

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 (1.6%).

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 (5.8% per year) is forecast to grow slower than the Hong Kong market (13.2% per year).

High Growth Revenue: 19's revenue (5.8% 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 (2.5%).


Next Steps

Past Performance

How has Swire Pacific performed over the past 5 years?

-3.4%

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 3.4% 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 (-6.4%).


Return on Equity

High ROE: 19 has a negative Return on Equity (-1.71%), as it is currently unprofitable.


Next Steps

Financial Health

How is Swire Pacific's financial position?


Financial Position Analysis

Short Term Liabilities: 19's short term assets (HK$45.5B) exceed its short term liabilities (HK$32.5B).

Long Term Liabilities: 19's short term assets (HK$45.5B) do not cover its long term liabilities (HK$82.8B).


Debt to Equity History and Analysis

Debt Level: 19's debt to equity ratio (22.8%) is considered satisfactory.

Reducing Debt: 19's debt to equity ratio has reduced from 26.6% to 22.8% over the past 5 years.

Debt Coverage: 19's debt is not well covered by operating cash flow (15%).

Interest Coverage: 19 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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

8.16%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 19's dividend (8.16%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).

High Dividend: 19's dividend (8.16%) is in the top 25% of dividend payers in the Hong Kong market (6.9%)


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 increased 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 covered by earnings (57.9% payout ratio).


Next Steps

  • Explore strong dividend paying companies in the Real Estate industry.

Management

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

1.9yrs

Average management tenure


CEO

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


Leadership Team

NamePositionTenureCompensationOwnership
Merlin Bingham Swire
Chairman of the Board2.25yrsHK$16.91m0.061%
HK$ 32.3m
Mei Shuen Low
Finance Director & Executive Director3.25yrsHK$8.86mno data
David Peter Cogman
Executive Director3.17yrsHK$9.42mno data
Cindy Cheung
Manager Group Public Affairsno datano datano data
Zhuo Ping Zhang
Executive Director0.50yrno datano data
John Flaherty
Company Secretary0.75yrno datano data
Patrick Healy
Executive Director of the Beverages Division7.75yrsHK$12.98mno data
Karen So
Executive Director of China Operations for Swire Beveragesno datano datano data

1.9yrs

Average Tenure

51yo

Average Age

Experienced Management: 19's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Merlin Bingham Swire
Chairman of the Board2.25yrsHK$16.91m0.061%
HK$ 32.3m
Mei Shuen Low
Finance Director & Executive Director3.25yrsHK$8.86mno data
David Peter Cogman
Executive Director3.17yrsHK$9.42mno data
Zhuo Ping Zhang
Executive Director0.50yrno datano data
Martin Cubbon
Non-Executive Director1.92yrsHK$2.97m0.0013%
HK$ 702.2k
Timothy George Freshwater
Independent Non-Executive Director12.75yrsHK$690.00k0.0027%
HK$ 1.4m
Paul Kenneth Etchells
Independent Non Executive Director3.42yrsHK$1.29m0.00080%
HK$ 422.4k
Chien Lee
Independent Non-Executive Director27.75yrsHK$1.08m0.31%
HK$ 161.6m
Wai-Mun Lee
Independent Non-Executive Director8.25yrsHK$750.00kno data
Samuel Compton Swire
Non-Executive Director5.75yrsno data0.065%
HK$ 34.5m
Gordon Robert-Halyburton Orr
Independent Non-Executive Director5.17yrsHK$1.28m0.00060%
HK$ 316.8k

3.4yrs

Average Tenure

60yo

Average Age

Experienced Board: 19's board of directors are considered experienced (3.4 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 company bio, 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$52.799b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SWRA.FOTCPK (Pink Sheets LLC)YesSeries A SharesUSUSDMay 1981
19SEHK (The Stock Exchange of Hong Kong Ltd.)YesSeries A SharesHKHKDMay 1981
SWIDB (Deutsche Boerse AG)YesSeries A SharesDEEURMay 1981
19SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesSeries A SharesHKHKDMay 1981
19SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesSeries A SharesHKHKDMay 1981
87SEHK (The Stock Exchange of Hong Kong Ltd.)Series B SharesHKHKDJan 1992
SWRB.FOTCPK (Pink Sheets LLC)Series B SharesUSUSDJan 1992
SWI1DB (Deutsche Boerse AG)Series B SharesDEEURJan 1992
87SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)Series B SharesHKHKDJan 1992
87SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)Series B SharesHKHKDJan 1992
SWRB.YOTCPK (Pink Sheets LLC)ADR CL BUSUSDAug 1994
SWRA.YOTCPK (Pink Sheets LLC)SPON ADR AUSUSDJul 1995

Biography

Swire Pacific Limited engages in property, aviation, beverages, marine services, and trading and industrial businesses in Hong Kong, Asia, the United States, and internationally. Its Property division deve ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 12:56
End of Day Share Price2020/10/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.