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278

Wah Ha RealtySEHK:278 Stock Report

Market Cap

HK$592.7m

7D

0%

1Y

-1.0%

Updated

21 Oct, 2021

Data

Company Financials
278 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends3/6

278 Overview

Wah Ha Realty Company Limited, an investment holding company, invests in, develops, and manages properties in Hong Kong.

Price History & Performance

Summary of all time highs, changes and price drops for Wah Ha Realty
Historical stock prices
Current Share PriceHK$4.90
52 Week HighHK$4.50
52 Week LowHK$5.18
Beta0.41
1 Month Change5.38%
3 Month Change-1.21%
1 Year Change-1.01%
3 Year Change-36.36%
5 Year Change-39.13%
Change since IPO488.00%

Recent News & Updates

Mar 11
Is Wah Ha Realty Company Limited (HKG:278) A Risky Dividend Stock?

Is Wah Ha Realty Company Limited (HKG:278) A Risky Dividend Stock?

Today we'll take a closer look at Wah Ha Realty Company Limited ( HKG:278 ) from a dividend investor's perspective...

Shareholder Returns

278HK Real EstateHK Market
7D0%2.5%1.8%
1Y-1.0%-8.9%5.7%

Return vs Industry: 278 exceeded the Hong Kong Real Estate industry which returned -11% over the past year.

Return vs Market: 278 underperformed the Hong Kong Market which returned 6.2% over the past year.

Price Volatility

Is 278's price volatile compared to industry and market?
278 volatility
278 Beta0.41
Industry Beta0.85
Market Beta1

Stable Share Price: 278 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 278's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196119n/ahttps://www.wahha.com

Wah Ha Realty Company Limited, an investment holding company, invests in, develops, and manages properties in Hong Kong. The company’s properties comprise commercial/shopping arcades, industrial/godown, and residential properties. It also operates as a building contractor.

Wah Ha Realty Fundamentals Summary

How do Wah Ha Realty's earnings and revenue compare to its market cap?
278 fundamental statistics
Market CapHK$592.70m
Earnings (TTM)HK$3.07m
Revenue (TTM)HK$34.83m

193.4x

P/E Ratio

17.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
278 income statement (TTM)
RevenueHK$34.83m
Cost of RevenueHK$1.18m
Gross ProfitHK$33.64m
ExpensesHK$30.58m
EarningsHK$3.07m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.025
Gross Margin96.60%
Net Profit Margin8.80%
Debt/Equity Ratio0.0%

How did 278 perform over the long term?

See historical performance and comparison

Dividends

6.9%

Current Dividend Yield

868%

Payout Ratio

Valuation

Is Wah Ha Realty undervalued compared to its fair value and its price relative to the market?

193.37x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 278 (HK$4.9) is trading above our estimate of fair value (HK$4.75)

Significantly Below Fair Value: 278 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 278 is poor value based on its PE Ratio (193.4x) compared to the Hong Kong Real Estate industry average (7.6x).

PE vs Market: 278 is poor value based on its PE Ratio (193.4x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 278's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 278's PB Ratio (0.5x) is in line with the HK Real Estate industry average.


Future Growth

How is Wah Ha Realty forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.8%

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 Wah Ha Realty 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.


Past Performance

How has Wah Ha Realty performed over the past 5 years?

-25.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 278 has a large one-off loss of HK$29.0M impacting its March 31 2021 financial results.

Growing Profit Margin: 278 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 278's earnings have declined by 25.5% per year over the past 5 years.

Accelerating Growth: 278 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 278 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (23.4%).


Return on Equity

High ROE: 278's Return on Equity (0.2%) is considered low.


Financial Health

How is Wah Ha Realty's financial position?


Financial Position Analysis

Short Term Liabilities: 278's short term assets (HK$318.3M) exceed its short term liabilities (HK$72.1M).

Long Term Liabilities: 278's short term assets (HK$318.3M) exceed its long term liabilities (HK$955.4K).


Debt to Equity History and Analysis

Debt Level: 278 is debt free.

Reducing Debt: 278 has not had any debt for past 5 years.

Debt Coverage: 278 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 278 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Wah Ha Realty current dividend yield, its reliability and sustainability?

6.94%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 278's dividend (6.94%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 278's dividend (6.94%) is in the top 25% of dividend payers in the Hong Kong market (6.79%)


Stability and Growth of Payments

Stable Dividend: 278's dividend payments have been volatile in the past 10 years.

Growing Dividend: 278's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (868.2%), 278'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?

19.3yrs

Average board tenure


CEO

Wah Ha Realty has no CEO, or we have no data on them.


Board Members

Experienced Board: 278's board of directors are seasoned and experienced ( 19.3 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Wah Ha Realty Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Wah Ha Realty Company Limited
  • Ticker: 278
  • Exchange: SEHK
  • Founded: 1961
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: HK$592.704m
  • Shares outstanding: 120.96m
  • Website: https://www.wahha.com

Number of Employees


Location

  • Wah Ha Realty Company Limited
  • Dominion Centre
  • Room 2500
  • Wan Chai
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:03
End of Day Share Price2021/10/21 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.