SEHK:225

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Pokfulam Development

Executive Summary

Pokfulam Development Company Limited, an investment holding company, invests in, develops, and manages real estate properties in Hong Kong. More Details


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.


Similar Companies

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.


Market Performance


7 Day Return

-0.9%

225

-2.7%

HK Real Estate

0.1%

HK Market


1 Year Return

-21.4%

225

-11.0%

HK Real Estate

2.0%

HK Market

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.


Shareholder returns

225IndustryMarket
7 Day-0.9%-2.7%0.1%
30 Day0%-3.4%2.4%
90 Day-1.4%-5.4%-0.4%
1 Year-19.3%-21.4%-6.2%-11.0%6.3%2.0%
3 Year-37.5%-41.5%-10.3%-24.1%-5.7%-16.0%
5 Year6.0%-5.0%36.5%8.1%16.4%-3.4%

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

Valuation

Is Pokfulam Development undervalued compared to its fair value and its price relative to the market?

70.89x

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).


Next Steps

Future Growth

How is Pokfulam Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.9%

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.


Next Steps

Past Performance

How has Pokfulam Development performed over the past 5 years?

-1.1%

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.


Next Steps

Financial Health

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.


Balance Sheet


Next Steps

Dividend

What is Pokfulam Development current dividend yield, its reliability and sustainability?

3.33%

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.


Next Steps

Management

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

15.5yrs

Average board tenure


CEO

Abraham Wong (69 yo)

no data

Tenure

HK$2,315,000

Compensation

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.


Board Members

NamePositionTenureCompensationOwnership
Tat Chang Wong
Chairman & MDno dataHK$2.32m73.59%
HK$ 924.4m
Tat Sum Wong
Executive Director39.75yrsHK$110.00k0.53%
HK$ 6.7m
Tat Kee Wong
Executive Director39.75yrsHK$110.00kno data
Kwok-Sing Li
Independent Non-Executive Director16.08yrsHK$240.00kno data
Lee Chin Lam Hsieh
Independent Non-Executive Director47.75yrsHK$155.00k0.095%
HK$ 1.2m
Bing Lai Wong
Honorary Chairman9.83yrsHK$217.00kno data
Hoi Wah Sit
Independent Non-Executive Director15yrsHK$215.00kno data
Gin Chung Seto
Independent Non-Executive Director1.25yrsHK$28.00kno data

15.5yrs

Average Tenure

69.5yo

Average Age

Experienced Board: 225's board of directors are seasoned and experienced ( 15.5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pokfulam Development Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Pokfulam Development Company Limited
  • Beverly House
  • 23rd Floor
  • Wanchai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
225SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 12:37
End of Day Share Price2020/10/20 00:00
Earnings2020/03/31
Annual Earnings2019/09/30


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.