Founded in 1886 with Hong Kong as its base, The Wharf (Holdings) Limited (Stock code: 0004) is the 17th company incorporated in Hong Kong and a premier company with a long history.
Wharf (Holdings) Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$26.65|
|52 Week High||HK$15.76|
|52 Week Low||HK$30.70|
|1 Month Change||10.81%|
|3 Month Change||-0.19%|
|1 Year Change||66.15%|
|3 Year Change||37.23%|
|5 Year Change||-55.55%|
|Change since IPO||140.09%|
Recent News & Updates
Wharf (Holdings) (HKG:4) Seems To Use Debt Quite Sensibly
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Is Wharf (Holdings) Limited (HKG:4) Potentially Undervalued?
Let's talk about the popular Wharf (Holdings) Limited ( HKG:4 ). The company's shares led the SEHK gainers with a...
|4||HK Real Estate||HK Market|
Return vs Industry: 4 exceeded the Hong Kong Real Estate industry which returned -7.3% over the past year.
Return vs Market: 4 exceeded the Hong Kong Market which returned 5.9% over the past year.
Stable Share Price: 4 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 4's weekly volatility (6%) has been stable over the past year.
About the Company
Founded in 1886 with Hong Kong as its base, The Wharf (Holdings) Limited (Stock code: 0004) is the 17th company incorporated in Hong Kong and a premier company with a long history. As one of the 30 constituent stocks in the original Hang Seng Index since more than 50 years ago, Wharf is among the top local blue chips that is most actively traded and widely held. Backed by a long standing mission of “Building for Tomorrow” and a proven track record in management and execution, the Group has produced consistent and productive performance over the years.
Wharf (Holdings) Fundamentals Summary
|4 fundamental statistics|
Is 4 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|4 income statement (TTM)|
|Cost of Revenue||HK$12.20b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||2.17|
|Net Profit Margin||23.91%|
How did 4 perform over the long term?See historical performance and comparison
1.5%Current Dividend Yield
Is Wharf (Holdings) 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: 4 (HK$26.9) is trading above our estimate of fair value (HK$7.45)
Significantly Below Fair Value: 4 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 4 is poor value based on its PE Ratio (12.4x) compared to the Hong Kong Real Estate industry average (7.7x).
PE vs Market: 4 is poor value based on its PE Ratio (12.4x) compared to the Hong Kong market (9.7x).
Price to Earnings Growth Ratio
PEG Ratio: 4 is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: 4's PB Ratio (0.5x) is in line with the HK Real Estate industry average.
How is Wharf (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 4's forecast earnings growth (14% per year) is above the savings rate (1.5%).
Earnings vs Market: 4's earnings (14% per year) are forecast to grow slower than the Hong Kong market (17.7% per year).
High Growth Earnings: 4's earnings are forecast to grow, but not significantly.
Revenue vs Market: 4's revenue is expected to decline over the next 3 years (-0.6% per year).
High Growth Revenue: 4's revenue is forecast to decline over the next 3 years (-0.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 4's Return on Equity is forecast to be low in 3 years time (3.7%).
How has Wharf (Holdings) performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 4 has high quality earnings.
Growing Profit Margin: 4 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 4's earnings have declined by 40.5% per year over the past 5 years.
Accelerating Growth: 4 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 4 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: 4's Return on Equity (4.5%) is considered low.
How is Wharf (Holdings)'s financial position?
Financial Position Analysis
Short Term Liabilities: 4's short term assets (HK$71.8B) exceed its short term liabilities (HK$51.2B).
Long Term Liabilities: 4's short term assets (HK$71.8B) exceed its long term liabilities (HK$57.3B).
Debt to Equity History and Analysis
Debt Level: 4's debt to equity ratio (36.3%) is considered satisfactory.
Reducing Debt: 4's debt to equity ratio has increased from 21.7% to 36.3% over the past 5 years.
Debt Coverage: 4's debt is not well covered by operating cash flow (1.2%).
Interest Coverage: 4's interest payments on its debt are well covered by EBIT (35.8x coverage).
What is Wharf (Holdings) current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 4's dividend (1.49%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.22%).
High Dividend: 4's dividend (1.49%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.77%).
Stability and Growth of Payments
Stable Dividend: 4's dividend payments have been volatile in the past 10 years.
Growing Dividend: 4's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (18.4%), 4's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 4's dividends in 3 years are forecast to be well covered by earnings (28.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Stephen Ng (69 yo)
Mr. Tin Hoi Ng, also known as Stephen, serves as Non-Executive Director of Greentown China Holdings Limited since June 15, 2012. Mr. Ng serves as the Chief Executive Officer of Harbour Centre Development L...
CEO Compensation Analysis
Compensation vs Market: Stephen's total compensation ($USD2.35M) is above average for companies of similar size in the Hong Kong market ($USD1.05M).
Compensation vs Earnings: Stephen's compensation has been consistent with company performance over the past year.
Experienced Management: 4's management team is seasoned and experienced (10.8 years average tenure).
Experienced Board: 4's board of directors are considered experienced (6.4 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Wharf (Holdings) Limited's employee growth, exchange listings and data sources
- Name: Wharf (Holdings) Limited
- Ticker: 4
- Exchange: SEHK
- Founded: 1886
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Market Cap: HK$82.207b
- Shares outstanding: 3.06b
- Website: https://www.wharfholdings.com
Number of Employees
- Wharf (Holdings) Limited
- Ocean Centre
- 16th Floor
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 10:08|
|End of Day Share Price||2021/10/26 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.