company background image
51

Harbour Centre DevelopmentSEHK:51 Stock Report

Market Cap

HK$5.0b

7D

0%

1Y

0.7%

Updated

15 Oct, 2021

Data

Company Financials
51 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends0/6

51 Overview

Harbour Centre Development Limited, an investment holding company, engages in the hotel ownership, and property investment and development activities in Hong Kong, Mainland China, and internationally.

Harbour Centre Development Competitors

Greentown China Holdings

SEHK:3900

HK$27.7b

Wharf Real Estate Investment

SEHK:1997

HK$129.6b

Wharf (Holdings)

SEHK:4

HK$82.5b

Price History & Performance

Summary of all time highs, changes and price drops for Harbour Centre Development
Historical stock prices
Current Share PriceHK$7.10
52 Week HighHK$6.80
52 Week LowHK$8.80
Beta0.60
1 Month Change-5.71%
3 Month Change-15.98%
1 Year Change0.71%
3 Year Change-51.03%
5 Year Change-49.65%
Change since IPO-11.25%

Recent News & Updates

Apr 09
Harbour Centre Development (HKG:51) Has A Somewhat Strained Balance Sheet

Harbour Centre Development (HKG:51) Has A Somewhat Strained Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Mar 05
Harbour Centre Development's (HKG:51) Stock Price Has Reduced 47% In The Past Three Years

Harbour Centre Development's (HKG:51) Stock Price Has Reduced 47% In The Past Three Years

Harbour Centre Development Limited ( HKG:51 ) shareholders should be happy to see the share price up 11% in the last...

Shareholder Returns

51HK Real EstateHK Market
7D0%-0.4%-0.3%
1Y0.7%-12.5%5.0%

Return vs Industry: 51 exceeded the Hong Kong Real Estate industry which returned -12.5% over the past year.

Return vs Market: 51 underperformed the Hong Kong Market which returned 5% over the past year.

Price Volatility

Is 51's price volatile compared to industry and market?
51 volatility
51 Beta0.60
Industry Beta0.85
Market Beta1

Stable Share Price: 51 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 51's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a1,400n/ahttps://www.harbourcentre.com.hk

Harbour Centre Development Limited, an investment holding company, engages in the hotel ownership, and property investment and development activities in Hong Kong, Mainland China, and internationally. It engages in the acquisition, development, and sale of trading properties, as well as invests in and leases residential, retail, office, and hotel properties. The company also operates The Murray hotel with 336 suites and guestrooms; Marco Polo Hongkong Hotel with 665 guestrooms and suites; Marco Polo Changzhou hotel with 271 rooms and suites; and Niccolo Suzhou, a 233-room luxury hotel.

Harbour Centre Development Fundamentals Summary

How do Harbour Centre Development's earnings and revenue compare to its market cap?
51 fundamental statistics
Market CapHK$5.03b
Earnings (TTM)HK$58.00m
Revenue (TTM)HK$4.47b

86.8x

P/E Ratio

1.1x

P/S Ratio

Valuation

Is Harbour Centre Development undervalued compared to its fair value and its price relative to the market?

86.8x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 51 (HK$7.1) is trading above our estimate of fair value (HK$4.13)

Significantly Below Fair Value: 51 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 51 is poor value based on its PE Ratio (86.8x) compared to the Hong Kong Real Estate industry average (7.4x).

PE vs Market: 51 is poor value based on its PE Ratio (86.8x) compared to the Hong Kong market (9.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 51's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 51 is good value based on its PB Ratio (0.3x) compared to the HK Real Estate industry average (0.5x).


Future Growth

How is Harbour Centre Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.0%

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 Harbour Centre Development 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 Harbour Centre Development performed over the past 5 years?

-49.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 51 has a large one-off loss of HK$171.0M impacting its June 30 2021 financial results.

Growing Profit Margin: 51 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 51's earnings have declined by 49.8% per year over the past 5 years.

Accelerating Growth: 51 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 51 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: 51's Return on Equity (0.9%) is considered low.


Financial Health

How is Harbour Centre Development's financial position?


Financial Position Analysis

Short Term Liabilities: 51's short term assets (HK$5.3B) exceed its short term liabilities (HK$3.6B).

Long Term Liabilities: 51's short term assets (HK$5.3B) exceed its long term liabilities (HK$2.8B).


Debt to Equity History and Analysis

Debt Level: 51's debt to equity ratio (15%) is considered satisfactory.

Reducing Debt: 51's debt to equity ratio has reduced from 19.9% to 15% over the past 5 years.

Debt Coverage: 51's debt is well covered by operating cash flow (31.8%).

Interest Coverage: 51's interest payments on its debt are well covered by EBIT (22.1x coverage).


Balance Sheet


Dividend

What is Harbour Centre Development current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 51's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 51's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 51's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 51's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 51 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 51's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average board tenure


CEO

Harbour Centre Development has no CEO, or we have no data on them.


Board Members

Experienced Board: 51's board of directors are considered experienced (6.3 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Harbour Centre Development Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Harbour Centre Development Limited
  • Ticker: 51
  • Exchange: SEHK
  • Founded: NaN
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$5.034b
  • Shares outstanding: 709.00m
  • Website: https://www.harbourcentre.com.hk

Number of Employees


Location

  • Harbour Centre Development Limited
  • Ocean Centre
  • 16th Floor
  • Kowloon
  • Kowloon
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/15 15:35
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.