1997 Stock Overview
Wharf Real Estate Investment Company Limited, an investment holding company, invests in, develops, constructs, owns, operates, trades in, and sells real estate properties in Hong Kong, Mainland China, and Singapore.
Wharf Real Estate Investment Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$39.10|
|52 Week High||HK$49.60|
|52 Week Low||HK$35.10|
|1 Month Change||-1.88%|
|3 Month Change||-7.78%|
|1 Year Change||-6.79%|
|3 Year Change||-26.16%|
|5 Year Change||n/a|
|Change since IPO||-21.80%|
Recent News & Updates
At HK$38.90, Is It Time To Put Wharf Real Estate Investment Company Limited (HKG:1997) On Your Watch List?
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Estimating The Intrinsic Value Of Wharf Real Estate Investment Company Limited (HKG:1997)
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Is Wharf Real Estate Investment (HKG:1997) A Risky Investment?
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At HK$41.15, Is It Time To Put Wharf Real Estate Investment Company Limited (HKG:1997) On Your Watch List?
Let's talk about the popular Wharf Real Estate Investment Company Limited ( HKG:1997 ). The company's shares saw a...
|1997||HK Real Estate||HK Market|
Return vs Industry: 1997 exceeded the Hong Kong Real Estate industry which returned -25.4% over the past year.
Return vs Market: 1997 exceeded the Hong Kong Market which returned -16.2% over the past year.
|1997 Average Weekly Movement||3.4%|
|Real Estate Industry Average Movement||5.6%|
|Market Average Movement||6.7%|
|10% most volatile stocks in HK Market||13.2%|
|10% least volatile stocks in HK Market||3.0%|
Stable Share Price: 1997 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 1997's weekly volatility (3%) has been stable over the past year.
About the Company
Wharf Real Estate Investment Company Limited, an investment holding company, invests in, develops, constructs, owns, operates, trades in, and sells real estate properties in Hong Kong, Mainland China, and Singapore. The company operates through Investment Property, Development Property, Hotels, and Investment segments. It primarily operates Harbour City, a commercial space comprising offices, retail shops, serviced apartments, hotels and club, and car parking spaces; and Times Square, a retail space that consists of office and car parking spaces.
Wharf Real Estate Investment Fundamentals Summary
|1997 fundamental statistics|
Is 1997 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|1997 income statement (TTM)|
|Cost of Revenue||HK$5.24b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.14|
|Net Profit Margin||-2.65%|
How did 1997 perform over the long term?See historical performance and comparison
3.4%Current Dividend Yield
Is Wharf Real Estate Investment undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1997 (HK$39.1) is trading below our estimate of fair value (HK$44.63)
Significantly Below Fair Value: 1997 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 1997 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Real Estate industry average.
PE vs Market: 1997 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 1997's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1997 is overvalued based on its PB Ratio (0.6x) compared to the HK Real Estate industry average (0.4x).
How is Wharf Real Estate Investment forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1997 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: 1997 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 1997's is expected to become profitable in the next 3 years.
Revenue vs Market: 1997's revenue (1.7% per year) is forecast to grow slower than the Hong Kong market (11.6% per year).
High Growth Revenue: 1997's revenue (1.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1997's Return on Equity is forecast to be low in 3 years time (4%).
How has Wharf Real Estate Investment performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1997 is currently unprofitable.
Growing Profit Margin: 1997 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 1997 is unprofitable, and losses have increased over the past 5 years at a rate of 46.6% per year.
Accelerating Growth: Unable to compare 1997's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 1997 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (21.7%).
Return on Equity
High ROE: 1997 has a negative Return on Equity (-0.16%), as it is currently unprofitable.
How is Wharf Real Estate Investment's financial position?
Financial Position Analysis
Short Term Liabilities: 1997's short term assets (HK$8.4B) do not cover its short term liabilities (HK$11.5B).
Long Term Liabilities: 1997's short term assets (HK$8.4B) do not cover its long term liabilities (HK$54.6B).
Debt to Equity History and Analysis
Debt Level: 1997's net debt to equity ratio (24%) is considered satisfactory.
Reducing Debt: 1997's debt to equity ratio has increased from 17.6% to 25.4% over the past 5 years.
Debt Coverage: 1997's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: 1997's interest payments on its debt are well covered by EBIT (9.6x coverage).
What is Wharf Real Estate Investment current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1997's dividend (3.43%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.32%).
High Dividend: 1997's dividend (3.43%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.03%).
Stability and Growth of Payments
Stable Dividend: 1997 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 1997's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: 1997 is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: 1997's dividends in 3 years are forecast to be covered by earnings (61.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Stephen Ng (69 yo)
Mr. Tin Hoi Ng, also known as Stephen, serves as Non-Executive Director of Greentown China Holdings Limited since June 15, 2012. Mr. Ng serves as the Chief Executive Officer of Harbour Centre Development L...
CEO Compensation Analysis
Compensation vs Market: Stephen's total compensation ($USD1.48M) is about average for companies of similar size in the Hong Kong market ($USD1.23M).
Compensation vs Earnings: Stephen's compensation has been consistent with company performance over the past year.
Experienced Board: 1997's board of directors are considered experienced (3.6 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Wharf Real Estate Investment Company Limited's employee growth, exchange listings and data sources
- Name: Wharf Real Estate Investment Company Limited
- Ticker: 1997
- Exchange: SEHK
- Founded: 1886
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Implied Market Cap: HK$118.716b
- Shares outstanding: 3.04b
- Website: https://www.wharfreic.com
Number of Employees
- Wharf Real Estate Investment Company Limited
- Ocean Centre
- 16th Floor
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/20 16:15|
|End of Day Share Price||2022/01/20 00:00|
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.