Tsim Sha Tsui Properties
Market Cap
HK$47.1b
Last Updated
2021/01/26 10:04 UTC
Data Sources
Company Financials
Executive Summary
Tsim Sha Tsui Properties Limited, an investment holding company, invests in, develops, manages, and trades in properties primarily in the People’s Republic of China, Singapore, and Australia. More Details
Risk Analysis
+ 1 more risk
Snowflake Analysis
Flawless balance sheet second-rate dividend payer.
Similar Companies
Share Price & News
How has Tsim Sha Tsui Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 247 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: 247's weekly volatility (1%) has been stable over the past year.
Market Performance
7 Day Return
0%
247
1.2%
HK Real Estate
4.1%
HK Market
1 Year Return
-2.8%
247
-10.0%
HK Real Estate
16.9%
HK Market
Return vs Industry: 247 exceeded the Hong Kong Real Estate industry which returned -10% over the past year.
Return vs Market: 247 underperformed the Hong Kong Market which returned 16.9% over the past year.
Shareholder returns
| 247 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 1.2% | 4.1% |
| 30 Day | 0.2% | 7.5% | 14.8% |
| 90 Day | -0.2% | 6.6% | 21.4% |
| 1 Year | -0.6%-2.8% | -5.5%-10.0% | 21.6%16.9% |
| 3 Year | 5.6%-2.8% | -15.4%-26.3% | -3.4%-13.7% |
| 5 Year | 27.1%11.9% | 67.5%33.0% | 67.8%39.1% |
Long-Term Price Volatility Vs. Market
How volatile is Tsim Sha Tsui 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
Did Tsim Sha Tsui Properties' (HKG:247) Share Price Deserve to Gain 12%?1 month ago | Simply Wall St
Here's Why We Think Tsim Sha Tsui Properties's (HKG:247) Statutory Earnings Might Be ConservativeValuation
Is Tsim Sha Tsui Properties undervalued compared to its fair value and its price relative to the market?
50.83x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 247 (HK$24.5) is trading above our estimate of fair value (HK$6.79)
Significantly Below Fair Value: 247 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 247 is poor value based on its PE Ratio (50.8x) compared to the HK Real Estate industry average (8.5x).
PE vs Market: 247 is poor value based on its PE Ratio (50.8x) compared to the Hong Kong market (12x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 247's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 247 is overvalued based on its PB Ratio (0.6x) compared to the HK Real Estate industry average (0.4x).
Next Steps
Future Growth
How is Tsim Sha Tsui Properties forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
20.2%
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 Tsim Sha Tsui Properties 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
- Examine Tsim Sha Tsui Properties'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.
- Tsim Sha Tsui Properties competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
Past Performance
How has Tsim Sha Tsui Properties performed over the past 5 years?
-7.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 247 has a large one-off loss of HK$1.7B impacting its June 30 2020 financial results.
Growing Profit Margin: 247's current net profit margins (14.5%) are lower than last year (41%).
Past Earnings Growth Analysis
Earnings Trend: 247's earnings have declined by 7.2% per year over the past 5 years.
Accelerating Growth: 247's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 247 had negative earnings growth (-75.7%) over the past year, making it difficult to compare to the Real Estate industry average (6.1%).
Return on Equity
High ROE: 247's Return on Equity (1.2%) is considered low.
Next Steps
Financial Health
How is Tsim Sha Tsui Properties's financial position?
Financial Position Analysis
Short Term Liabilities: 247's short term assets (HK$80.7B) exceed its short term liabilities (HK$32.5B).
Long Term Liabilities: 247's short term assets (HK$80.7B) exceed its long term liabilities (HK$10.0B).
Debt to Equity History and Analysis
Debt Level: 247's debt to equity ratio (5.8%) is considered satisfactory.
Reducing Debt: 247's debt to equity ratio has reduced from 8.4% to 5.8% over the past 5 years.
Debt Coverage: 247's debt is well covered by operating cash flow (70.5%).
Interest Coverage: 247 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Tsim Sha Tsui Properties's current dividend yield, its reliability and sustainability?
2.24%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 247's dividend (2.24%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.04%).
High Dividend: 247's dividend (2.24%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.59%).
Stability and Growth of Payments
Stable Dividend: 247's dividends per share have been stable in the past 10 years.
Growing Dividend: 247's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (114.1%), 247'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?
16.0yrs
Average board tenure
CEO
Tsim Sha Tsui Properties has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 30yrs | HK$920.58k | 66.4% HK$ 31.3b | |
| Deputy Chairman | 3.17yrs | HK$950.03k | no data | |
| Non-Executive Director | 27yrs | HK$400.00k | 0.0031% HK$ 1.5m | |
| Independent Non-Executive Director | 16.33yrs | HK$760.00k | no data | |
| Independent Non-Executive Director | 15.75yrs | HK$760.00k | no data | |
| Independent Non-Executive Director | 15.5yrs | HK$700.00k | no data |
16.0yrs
Average Tenure
70yo
Average Age
Experienced Board: 247's board of directors are seasoned and experienced ( 16 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 247 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.
Top Shareholders
Company Information
Tsim Sha Tsui Properties Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tsim Sha Tsui Properties Limited
- Ticker: 247
- Exchange: SEHK
- Founded: 1972
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: HK$47.149b
- Shares outstanding: 1.92b
- Website: https://www.sino.com/en-US/Investor-Relations/Tsim-Sha-Tsui-Properties-Limited
Location
- Tsim Sha Tsui Properties Limited
- Tsim Sha Tsui Centre
- 12th Floor
- Tsim Sha Tsui
- Kowloon
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 247 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jan 1992 |
Biography
Tsim Sha Tsui Properties Limited, an investment holding company, invests in, develops, manages, and trades in properties primarily in the People’s Republic of China, Singapore, and Australia. The company o...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 10:04 |
| End of Day Share Price | 2021/01/26 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.