Swire Properties
Market Cap
HK$189.2b
Last Updated
2019/07/20 12:54 UTC
Data Sources
Company Financials +
Executive Summary
Swire Properties Limited, together with its subsidiaries, develops, owns, and operates mixed-use, primarily commercial properties in Hong Kong, Mainland China, the United States, and internationally.
Snowflake
Fundamentals
Excellent balance sheet second-rate dividend payer.
Similar Companies
Share Price & News
How has Swire Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.6%
SEHK:1972
0.3%
HK Real Estate
0.8%
HK Market
1 Year Return
9.3%
SEHK:1972
6.1%
HK Real Estate
-4.4%
HK Market
1972 outperformed the Real Estate industry which returned 6.1% over the past year.
1972 outperformed the Market in Hong Kong which returned -4.4% over the past year.
Share holder returns
| 1972 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.6% | 0.3% | 0.8% |
| 30 Day | -2.0% | 0.9% | 0.3% |
| 90 Day | 1.9% | -5.2% | -7.4% |
| 1 Year | 12.1%9.3% | 10.5%6.1% | -1.0%-4.4% |
| 3 Year | 60.2%47.4% | 58.7%42.4% | 30.9%17.8% |
| 5 Year | 52.1%31.8% | 73.0%43.2% | 22.2%1.7% |
Price Volatility Vs. Market
How volatile is Swire Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should Swire Properties Limited (HKG:1972) Be Part Of Your Dividend Portfolio?1 month ago | Simply Wall St
With A -16% Earnings Drop, Did Swire Properties Limited (HKG:1972) Really Underperform?2 months ago | Simply Wall St
Is Swire Properties Limited's (HKG:1972) CEO Pay Fair?Valuation
Is Swire Properties undervalued based on future cash flows and its price relative to the stock market?
6.6x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
Swire Properties's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
Swire Properties's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
Swire Properties is overvalued based on earnings compared to the HK Real Estate industry average.
Swire Properties is good value based on earnings compared to the Hong Kong market.
Price Based on Expected Growth
Swire Properties earnings are not expected to grow next year, we can't assess if its growth is good value.
Price Based on Value of Assets
Swire Properties is overvalued based on assets compared to the HK Real Estate industry average.
Next Steps
Future Growth
How is Swire Properties expected to perform in the next 1 to 3 years based on estimates from 11 analysts?
-41.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Swire Properties's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).
Swire Properties's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
Swire Properties's revenue growth is positive but not above the Hong Kong market average.
Swire Properties's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
Swire Properties's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Earnings per Share Growth Estimates
Future Return on Equity
Swire Properties is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Next Steps
Past Performance
How has Swire Properties performed over the past 5 years?
29.3%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Swire Properties has delivered over 20% year on year earnings growth in the past 5 years.
Swire Properties's 1-year earnings growth is negative, it can't be compared to the 5-year average.
Swire Properties's 1-year earnings growth is negative, it can't be compared to the HK Real Estate industry average.
Return on Equity
Swire Properties has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Swire Properties used its assets more efficiently than the HK Real Estate industry average last year based on Return on Assets.
Return on Capital Employed
Swire Properties's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
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Financial Health
How is Swire Properties's financial position?
Financial Position Analysis
Swire Properties is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Swire Properties's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Swire Properties's level of debt (11.4%) compared to net worth is satisfactory (less than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (17.4% vs 11.4% today).
Debt is well covered by operating cash flow (29.3%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 12.6x coverage).
Balance Sheet
Low level of unsold assets.
Debt is not covered by short term assets, assets are 0.7x debt.
Next Steps
Dividend
What is Swire Properties's current dividend yield, its reliability and sustainability?
2.86%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Swire Properties's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
Swire Properties's dividend is below the markets top 25% of dividend payers in Hong Kong (5.71%).
Swire Properties has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
Dividend payments have increased, but Swire Properties only paid a dividend in the past 7 years.
Current Payout to Shareholders
Dividends paid are well covered by earnings (5.8x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
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Management
What is the CEO of Swire Properties's salary, the management and board of directors tenure and is there insider trading?
4.5yrs
Average management tenure
CEO
Guy Martin Coutts Bradley (53yo)
4.5yrs
Tenure
HK$14,302
Compensation
Mr. Guy Martin Coutts Bradley has been Chief Executive Officer of Swire Properties Limited since January 1, 2015 and has been its Executive Director since January 1, 2008. Mr. Bradley has been the Chief Op ...
CEO Compensation Analysis
Guy Martin Coutts's remuneration is lower than average for companies of similar size in Hong Kong.
Guy Martin Coutts's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
4.5yrs
Average Tenure
53yo
Average Age
The tenure for the Swire Properties management team is about average.
Board Age and Tenure
3.4yrs
Average Tenure
53yo
Average Age
The tenure for the Swire Properties board of directors is about average.
Insider Trading
No 3 month individual insider trading information.
Ownership Breakdown
Management Team
Elizabeth Kok
Director of Business Development
Fanny Lung (53yo)
Finance Director & Executive Director
- Tenure: 1.8yrs
- Compensation: HK$4.70k
Guy Martin Coutts Bradley (53yo)
CEO & Executive Director
- Tenure: 4.5yrs
- Compensation: HK$14.30k
Brian Williams (60yo)
Deputy Chairman of Swire Hotels
- Tenure: 13.5yrs
Gordon Ongley (65yo)
Senior Advisor
- Tenure: 4.0yrs
Mabelle Ma (51yo)
Director of Development & Valuations
- Tenure: 9.5yrs
Anna Thompson (51yo)
Director Human Resources
- Tenure: 1.5yrs
David Fu (55yo)
Company Secretary
- Tenure: 9.4yrs
Merlin Bingham Swire (45yo)
Chairman
- Compensation: HK$1.42k
Board Members
Michelle Low (59yo)
Non-Executive Director
- Tenure: 8.8yrs
- Compensation: HK$1.49m
Spencer Theodore Fung (46yo)
Independent Non-Executive Director
- Tenure: 6.6yrs
- Compensation: HK$599.00k
Nicholas Adam Fenwick (58yo)
Non-Executive Director
- Tenure: 1.2yrs
May Yihong Wu (52yo)
Independent Non-Executive Director
- Tenure: 2.2yrs
- Compensation: HK$843.00k
Fanny Lung (53yo)
Finance Director & Executive Director
- Tenure: 1.8yrs
- Compensation: HK$4.70k
Guy Martin Coutts Bradley (53yo)
CEO & Executive Director
- Tenure: 11.5yrs
- Compensation: HK$14.30k
Lily Cheng (40yo)
Independent Non-Executive Director
- Tenure: 2.3yrs
- Compensation: HK$761.00k
Patrick Healy (53yo)
Non-Executive Director
- Tenure: 4.5yrs
Raymond Lim (60yo)
Non-Executive Director
- Tenure: 6.0yrs
- Compensation: HK$575.00k
Merlin Bingham Swire (45yo)
Chairman
- Tenure: 1.0yrs
- Compensation: HK$1.42k
Company Information
Swire Properties Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Swire Properties Limited
- Ticker: 1972
- Exchange: SEHK
- Founded: 1972
- Industry: real estate operating companies
- Sector: real estate
- Market Cap: HK$189.248b
- Shares outstanding: 5.85b
- Website: Click here
Number of Employees
Location
- Swire Properties Limited
- One Pacific Place
- 33rd Floor
- Central
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1972 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jan 2012 |
| SW9 | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | Jan 2012 |
| SWPF.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 2012 |
| SW9 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 2012 |
| 1972 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jan 2012 |
| 1972 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jan 2012 |
| SWRO.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Sep 2013 |
Biography
Swire Properties Limited, together with its subsidiaries, develops, owns, and operates mixed-use, primarily commercial properties in Hong Kong, Mainland China, the United States, and internationally. It op ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/07/20 12:54 |
| End of Day Share Price | 2019/07/19 00:00 |
| Earnings | 2018/12/31 |
| Annual Earnings | 2018/12/31 |
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.