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Market Cap

HK$5.0b

Last Updated

2021/05/05 10:02 UTC

Data Sources

Company Financials +

Executive Summary

HKR International Limited, an investment holding company, invests in, develops, and manages real estate properties in Hong Kong, Macau, Mainland China, Japan, and South East Asia. More Details


Snowflake Analysis

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

How has HKR International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 480 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 480's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

7.2%

480

-0.3%

HK Real Estate

-1.6%

HK Market


1 Year Return

0.6%

480

7.4%

HK Real Estate

27.1%

HK Market

Return vs Industry: 480 underperformed the Hong Kong Real Estate industry which returned 7.8% over the past year.

Return vs Market: 480 underperformed the Hong Kong Market which returned 28.4% over the past year.


Shareholder returns

480IndustryMarket
7 Day7.2%-0.3%-1.6%
30 Day3.6%-0.8%-1.8%
90 Day5.2%8.3%-2.6%
1 Year4.0%0.6%12.6%7.4%32.0%27.1%
3 Year-12.9%-20.5%-5.4%-17.4%4.7%-6.4%
5 Year34.3%20.2%64.3%30.5%59.5%32.5%

Long-Term Price Volatility Vs. Market

How volatile is HKR International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is HKR International undervalued compared to its fair value and its price relative to the market?

3.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 480 (HK$3.42) is trading above our estimate of fair value (HK$1.43)

Significantly Below Fair Value: 480 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 480 is good value based on its PE Ratio (4x) compared to the HK Real Estate industry average (7.3x).

PE vs Market: 480 is good value based on its PE Ratio (4x) compared to the Hong Kong market (11.8x).


Price to Earnings Growth Ratio

PEG Ratio: 480's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 480 is good value based on its PB Ratio (0.2x) compared to the HK Real Estate industry average (0.5x).


Future Growth

How is HKR International forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-31.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 480's earnings are forecast to decline over the next 3 years (-31.7% per year).

Earnings vs Market: 480's earnings are forecast to decline over the next 3 years (-31.7% per year).

High Growth Earnings: 480's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 480's revenue is expected to decline over the next 3 years (-18.2% per year).

High Growth Revenue: 480's revenue is forecast to decline over the next 3 years (-18.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 480's Return on Equity is forecast to be high in 3 years time


Past Performance

How has HKR International performed over the past 5 years?

19.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 480 has high quality earnings.

Growing Profit Margin: 480's current net profit margins (24.2%) are lower than last year (61.6%).


Past Earnings Growth Analysis

Earnings Trend: 480's earnings have grown by 19.5% per year over the past 5 years.

Accelerating Growth: 480's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 480 had negative earnings growth (-39.8%) over the past year, making it difficult to compare to the Real Estate industry average (5.9%).


Return on Equity

High ROE: 480's Return on Equity (5.7%) is considered low.


Financial Health

How is HKR International's financial position?


Financial Position Analysis

Short Term Liabilities: 480's short term assets (HK$7.9B) exceed its short term liabilities (HK$3.8B).

Long Term Liabilities: 480's short term assets (HK$7.9B) exceed its long term liabilities (HK$7.1B).


Debt to Equity History and Analysis

Debt Level: 480's debt to equity ratio (31.6%) is considered satisfactory.

Reducing Debt: 480's debt to equity ratio has increased from 31.4% to 31.6% over the past 5 years.

Debt Coverage: 480's debt is not well covered by operating cash flow (9.8%).

Interest Coverage: 480's interest payments on its debt are well covered by EBIT (12.2x coverage).


Balance Sheet


Dividend

What is HKR International current dividend yield, its reliability and sustainability?

3.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 480's dividend (3.51%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.93%).

High Dividend: 480's dividend (3.51%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.03%).


Stability and Growth of Payments

Stable Dividend: 480's dividend payments have been volatile in the past 10 years.

Growing Dividend: 480's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.8%), 480's dividend payments are thoroughly 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?

0.5yrs

Average management tenure


CEO

Moon Wah Tang (66 yo)

0.50

Tenure

HK$16,200,000

Compensation

Mr. Moon Wah Tang, BA (Arch Studies), BArch, serves as the Managing Director of HKR International Limited since November 25, 2020. He is Executive Director of HKR International Limited (“HKRI”) since Decem...


CEO Compensation Analysis

Compensation vs Market: Moon Wah's total compensation ($USD2.09M) is above average for companies of similar size in the Hong Kong market ($USD425.93K).

Compensation vs Earnings: Moon Wah's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 480's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: 480's board of directors are considered experienced (5.1 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

HKR International Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: HKR International Limited
  • Ticker: 480
  • Exchange: SEHK
  • Founded: 1977
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: HK$5.035b
  • Shares outstanding: 1.49b
  • Website: https://www.hkri.com

Number of Employees


Location

  • HKR International Limited
  • China Merchants Tower
  • 23rd Floor
  • Central
  • Hong Kong

Listings


Biography

HKR International Limited, an investment holding company, invests in, develops, and manages real estate properties in Hong Kong, Macau, Mainland China, Japan, and South East Asia. It operates in five segme...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/05 10:02
End of Day Share Price2021/05/05 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.