Pokfulam Development Company Limited, an investment holding company, invests in, develops, and manages real estate properties in Hong Kong. More Details
Flawless balance sheet second-rate dividend payer.
Share Price & News
How has Pokfulam Development's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 225 has not had significant price volatility in the past 3 months.
7 Day Return
HK Real Estate
1 Year Return
HK Real Estate
Return vs Industry: 225 underperformed the Hong Kong Real Estate industry which returned -11.5% over the past year.
Return vs Market: 225 underperformed the Hong Kong Market which returned 0.7% over the past year.
Price Volatility Vs. Market
How volatile is Pokfulam Development's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StHere's Why Pokfulam Development's (HKG:225) Statutory Earnings Are Arguably Too Conservative
1 month ago | Simply Wall StAre Dividend Investors Getting More Than They Bargained For With Pokfulam Development Company Limited's (HKG:225) Dividend?
1 month ago | Simply Wall StWhat Kind Of Investors Own Most Of Pokfulam Development Company Limited (HKG:225)?
Is Pokfulam Development undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 225 (HK$11.4) is trading above our estimate of fair value (HK$5.61)
Significantly Below Fair Value: 225 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 225 is poor value based on its PE Ratio (70.9x) compared to the HK Real Estate industry average (8.9x).
PE vs Market: 225 is poor value based on its PE Ratio (70.9x) compared to the Hong Kong market (11.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 225's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 225 is good value based on its PB Ratio (0.2x) compared to the HK Real Estate industry average (0.4x).
How is Pokfulam Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Pokfulam Development has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Pokfulam Development's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Pokfulam Development competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Pokfulam Development performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 225 has a large one-off loss of HK$46.4M impacting its March 31 2020 financial results.
Growing Profit Margin: 225's current net profit margins (12.7%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: 225's earnings have declined by 1.1% per year over the past 5 years.
Accelerating Growth: 225's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 225 had negative earnings growth (-88.8%) over the past year, making it difficult to compare to the Real Estate industry average (-6.8%).
Return on Equity
High ROE: 225's Return on Equity (0.3%) is considered low.
How is Pokfulam Development's financial position?
Financial Position Analysis
Short Term Liabilities: 225's short term assets (HK$217.7M) exceed its short term liabilities (HK$123.2M).
Long Term Liabilities: 225's short term assets (HK$217.7M) exceed its long term liabilities (HK$45.6M).
Debt to Equity History and Analysis
Debt Level: 225's debt to equity ratio (1.1%) is considered satisfactory.
Reducing Debt: 225's debt to equity ratio has reduced from 1.6% to 1.1% over the past 5 years.
Debt Coverage: 225's debt is well covered by operating cash flow (100.1%).
Interest Coverage: 225 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Pokfulam Development current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 225's dividend (3.33%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.27%).
High Dividend: 225's dividend (3.33%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.86%).
Stability and Growth of Payments
Stable Dividend: 225's dividends per share have been stable in the past 10 years.
Growing Dividend: 225's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (236.3%), 225's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Abraham Wong (69 yo)
Mr. Tat Chang Wong, also known as Abraham, B.Sc. (Cornell), Ph. D. (Calif. Berkeley), serves as a Managing Director of Pokfulam Development Company Ltd. Mr. Wong has been with Pokfulam Development Co. Ltd. ...
CEO Compensation Analysis
Compensation vs Market: Abraham's total compensation ($USD298.71K) is about average for companies of similar size in the Hong Kong market ($USD292.70K).
Compensation vs Earnings: Abraham's compensation has been consistent with company performance over the past year.
|Chairman & MD||no data||HK$2.32m||73.59% |
|Executive Director||39.75yrs||HK$110.00k||0.53% |
|Executive Director||39.75yrs||HK$110.00k||no data|
|Independent Non-Executive Director||16.08yrs||HK$240.00k||no data|
|Independent Non-Executive Director||47.75yrs||HK$155.00k||0.095% |
|Honorary Chairman||9.83yrs||HK$217.00k||no data|
|Independent Non-Executive Director||15yrs||HK$215.00k||no data|
|Independent Non-Executive Director||1.25yrs||HK$28.00k||no data|
Experienced Board: 225's board of directors are seasoned and experienced ( 15.5 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.
Pokfulam Development Company Limited's company bio, employee growth, exchange listings and data sources
- Name: Pokfulam Development Company Limited
- Ticker: 225
- Exchange: SEHK
- Founded: 1970
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: HK$1.256b
- Shares outstanding: 110.18m
- Website: https://www.pokfulam.com.hk
Number of Employees
- Pokfulam Development Company Limited
- Beverly House
- 23rd Floor
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|225||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
Pokfulam Development Company Limited, an investment holding company, invests in, develops, and manages real estate properties in Hong Kong. It operates through Property Investment and Management, Trading o ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/21 12:37|
|End of Day Share Price||2020/10/20 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.