SEHK:278

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.

Share Price & News

How has Wah Ha Realty's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

5.4%

278

2.6%

HK Real Estate

2.4%

HK Market


1 Year Return

-2.0%

278

9.7%

HK Real Estate

0.4%

HK Market

Return vs Industry: 278 underperformed the Hong Kong Real Estate industry which returned 9.7% over the past year.

Return vs Market: 278 underperformed the Hong Kong Market which returned 0.4% over the past year.


Shareholder returns

278IndustryMarket
7 Day5.4%2.6%2.4%
30 Day6.6%-1.8%-2.6%
90 Day-5.5%-11.6%-5.6%
1 Year2.5%-2.0%13.9%9.7%4.0%0.4%
3 Year26.9%-2.5%36.7%22.4%15.1%3.5%
5 Year110.8%44.7%59.4%33.8%20.3%0.3%

Price Volatility Vs. Market

How volatile is Wah Ha Realty's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

6.88x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: 278 (HK$7.8) is trading above our estimate of fair value (HK$3.87)

Significantly Undervalued: 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 (6.9x) compared to the Real Estate industry average (6.1x).

PE vs Market: 278 is good value based on its PE Ratio (6.9x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

Low 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 is overvalued based on its PB Ratio (0.7x) compared to the HK Real Estate industry average (0.5x).


Next Steps

Future Growth

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

3.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 278's forecast earnings growth (3.3% per year) is above the savings rate (2%).

Earnings vs Market: 278's earnings (3.3% per year) are forecast to grow slower than the Hong Kong market (11.2% per year).

High Growth Earnings: 278's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 278's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 278's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 278's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

34.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 278's earnings have grown significantly by 34.2% per year over the past 5 years.

Accelerating Growth: 278's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 278 had negative earnings growth (-47%) over the past year, making it difficult to compare to the Real Estate industry average (-12.4%).


Return on Equity

High ROE: 278's Return on Equity (9.9%) is considered low.


Return on Assets

ROA vs Industry: 278 has a higher Return on Assets than the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: 278 has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Wah Ha Realty's financial position?


Financial Position Analysis

Short Term Liabilities: 278's short term assets (HK$336.9M) exceeds its short term liabilities (HK$48.3M)

Long Term Liabilities: 278's short term assets (336.9M) exceeds its long term liabilities (608.4K)


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

Inventory Level: 278 has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 278's debt is covered by short term assets.


Next Steps

Dividend

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

4.36%

Current Dividend Yield


Dividend Yield vs Market

company4.4%marketbottom25%2.3%markettop25%6.3%industryaverage4.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 278's dividend (4.36%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 278's dividend (4.36%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.33%).

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 low payout ratio (19.4%), 278's dividend payments are 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

What is the CEO of Wah Ha Realty's salary, the management and board of directors tenure and is there insider trading?

19.8yrs

Average board tenure


CEO

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


Board Age and Tenure

19.8yrs

Average Tenure

67yo

Average Age

Experienced Board: 278's board of directors are seasoned and experienced ( 19.8 years average tenure).


Insider Trading

Insider Buying: 278 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyHK$120,00010 Oct 19
Lin Wee Cheung
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares16,000
Max PriceHK$7.50

Ownership Breakdown


Management Team

  • Lin Wee Cheung (61yo)

    Executive Director

    • Tenure: 34.8yrs
    • Compensation: HK$420.00k
  • Raymond Chu (57yo)

    Chief Accountant & Company Secretary

    • Tenure: 0yrs
  • Eric Cheung (57yo)

    Head of General Management - the Group & Executive Director

    • Tenure: 20.8yrs
    • Compensation: HK$420.00k
  • Kee Wee Cheung (67yo)

    Chairman

    • Tenure: 19.8yrs
    • Compensation: HK$420.00k

Board Members

  • Kwok Tung Ng (68yo)

    Non-Executive Director

    • Tenure: 18.8yrs
    • Compensation: HK$120.00k
  • Lin Wee Cheung (61yo)

    Executive Director

    • Tenure: 34.8yrs
    • Compensation: HK$420.00k
  • Keith Lam (79yo)

    Independent Non-Executive Director

    • Tenure: 26.8yrs
    • Compensation: HK$120.00k
  • Eric Cheung (57yo)

    Head of General Management - the Group & Executive Director

    • Tenure: 20.8yrs
    • Compensation: HK$420.00k
  • Kee Wee Cheung (67yo)

    Chairman

    • Tenure: 19.8yrs
    • Compensation: HK$420.00k
  • Woon Kong Chan (85yo)

    Independent Non-Executive Director

    • Tenure: 15.8yrs
    • Compensation: HK$120.00k
  • Peter Au-Yang (59yo)

    Independent Non-Executive Director

    • Tenure: 4.8yrs
    • Compensation: HK$120.00k

Company Information

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


Key Information

  • Name: Wah Ha Realty Company Limited
  • Ticker: 278
  • Exchange: SEHK
  • Founded:
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: HK$943.488m
  • Shares outstanding: 120.96m
  • Website: https://www.wahha.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
278SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

Wah Ha Realty Company Limited, an investment holding company, invests in, develops, and manages properties in Hong Kong. The company’s principal properties comprise commercial/shopping arcades, industrial/ ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 12:34
End of Day Share Price2019/10/14 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.