Kerry Properties
Market Cap
HK$28.0b
Last Updated
2020/10/29 12:35 UTC
Data Sources
Company Financials +
Executive Summary
Kerry Properties Limited, an investment holding company, engages in the development, investment, management, and trading of properties in Hong Kong, the People’s Republic of China, and the Asia Pacific region. More Details
Rewards
Risk Analysis
No risks detected for 683 from our risk checks.
Snowflake Analysis
6 star dividend payer and good value.
Similar Companies
Share Price & News
How has Kerry Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 683 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.5%
683
-2.7%
HK Real Estate
-0.7%
HK Market
1 Year Return
-24.1%
683
-14.4%
HK Real Estate
0.4%
HK Market
Return vs Industry: 683 underperformed the Hong Kong Real Estate industry which returned -13.9% over the past year.
Return vs Market: 683 underperformed the Hong Kong Market which returned 0.3% over the past year.
Shareholder returns
| 683 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.5% | -2.7% | -0.7% |
| 30 Day | -2.1% | -3.4% | 4.9% |
| 90 Day | 4.6% | -6.4% | 1.2% |
| 1 Year | -18.7%-24.1% | -9.9%-14.4% | 4.6%0.4% |
| 3 Year | -36.5%-45.7% | -10.3%-24.0% | -7.1%-17.2% |
| 5 Year | 7.1%-16.0% | 30.2%4.6% | 15.0%-4.5% |
Price Volatility Vs. Market
How volatile is Kerry Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Would Shareholders Who Purchased Kerry Properties' (HKG:683) Stock Three Years Be Happy With The Share price Today?2 weeks ago | Simply Wall St
How Much Of Kerry Properties Limited (HKG:683) Do Institutions Own?1 month ago | Simply Wall St
These 4 Measures Indicate That Kerry Properties (HKG:683) Is Using Debt ExtensivelyValuation
Is Kerry Properties undervalued compared to its fair value and its price relative to the market?
6.42x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 683 (HK$19.2) is trading above our estimate of fair value (HK$12.45)
Significantly Below Fair Value: 683 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 683 is good value based on its PE Ratio (6.4x) compared to the HK Real Estate industry average (8.6x).
PE vs Market: 683 is good value based on its PE Ratio (6.4x) compared to the Hong Kong market (11x).
Price to Earnings Growth Ratio
PEG Ratio: 683 is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: 683 is good value based on its PB Ratio (0.3x) compared to the HK Real Estate industry average (0.4x).
Next Steps
Future Growth
How is Kerry Properties forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
9.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 683's forecast earnings growth (9.1% per year) is above the savings rate (1.6%).
Earnings vs Market: 683's earnings (9.1% per year) are forecast to grow slower than the Hong Kong market (22.2% per year).
High Growth Earnings: 683's earnings are forecast to grow, but not significantly.
Revenue vs Market: 683's revenue (14.7% per year) is forecast to grow faster than the Hong Kong market (13.2% per year).
High Growth Revenue: 683's revenue (14.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 683's Return on Equity is forecast to be low in 3 years time (4.5%).
Next Steps
Past Performance
How has Kerry Properties performed over the past 5 years?
1.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 683 has high quality earnings.
Growing Profit Margin: 683's current net profit margins (40.8%) are higher than last year (32.2%).
Past Earnings Growth Analysis
Earnings Trend: 683's earnings have grown by 1.9% per year over the past 5 years.
Accelerating Growth: 683's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 683 had negative earnings growth (-38.4%) over the past year, making it difficult to compare to the Real Estate industry average (-6.4%).
Return on Equity
High ROE: 683's Return on Equity (4.2%) is considered low.
Next Steps
Financial Health
How is Kerry Properties's financial position?
Financial Position Analysis
Short Term Liabilities: 683's short term assets (HK$29.5B) exceed its short term liabilities (HK$17.0B).
Long Term Liabilities: 683's short term assets (HK$29.5B) do not cover its long term liabilities (HK$47.7B).
Debt to Equity History and Analysis
Debt Level: 683's debt to equity ratio (37.9%) is considered satisfactory.
Reducing Debt: 683's debt to equity ratio has reduced from 40.4% to 37.9% over the past 5 years.
Debt Coverage: 683's debt is not well covered by operating cash flow (2.7%).
Interest Coverage: 683's interest payments on its debt are well covered by EBIT (19.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Kerry Properties's current dividend yield, its reliability and sustainability?
7.00%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 683's dividend (7.03%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).
High Dividend: 683's dividend (7.03%) is in the top 25% of dividend payers in the Hong Kong market (6.9%)
Stability and Growth of Payments
Stable Dividend: 683's dividends per share have been stable in the past 10 years.
Growing Dividend: 683's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.9%), 683's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 683's dividends in 3 years are forecast to be well covered by earnings (42.7% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average management tenure
CEO
Khoon Hua Kuok (41 yo)
1.33yrs
Tenure
HK$11,154,000
Compensation
Mr. Khoon Hua Kuok has been Vice Chairman and Chief Executive Officer of Kerry Properties Limited since June 1, 2019. He has been Chairman of the Board of Kerry Logistics Network Limited since May 31, 2019 ...
CEO Compensation Analysis
Compensation vs Market: Khoon Hua's total compensation ($USD1.44M) is above average for companies of similar size in the Hong Kong market ($USD588.13K).
Compensation vs Earnings: Khoon Hua's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 7.17yrs | HK$25.08m | 0.0034% HK$ 959.2k | |
| Vice Chairman & CEO | 1.33yrs | HK$11.15m | 0.38% HK$ 105.5m | |
| Senior VP of the CEO Office & Executive Director | 1.83yrs | HK$13.66m | 0.0034% HK$ 962.0k | |
| Executive Director | 8.67yrs | HK$11.99m | 0.62% HK$ 173.9m | |
| Chief Financial Officer | 0.083yr | no data | no data | |
| Managing Director of South East Asia Logistics Operation | no data | no data | no data | |
| Company Secretary | 14.75yrs | no data | no data | |
| GM & Director of Kerry Properties Development Mgmt (Shanghai) Co Ltd | 24.33yrs | no data | no data | |
| Managing Director of Kerry Eas Logistics Limited | no data | no data | no data | |
| General Manager of Kerry Properties (Macau) Limited and Director of Kerry Properties (Macau) Limited | no data | no data | no data | |
| Chief Financial Officer of Kerry Logistics Network | 11.17yrs | no data | no data |
1.3yrs
Average Tenure
56.5yo
Average Age
Experienced Management: 683's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 7.17yrs | HK$25.08m | 0.0034% HK$ 959.2k | |
| Vice Chairman & CEO | 1.33yrs | HK$11.15m | 0.38% HK$ 105.5m | |
| Senior VP of the CEO Office & Executive Director | 1.83yrs | HK$13.66m | 0.0034% HK$ 962.0k | |
| Executive Director | 8.67yrs | HK$11.99m | 0.62% HK$ 173.9m | |
| GM & Director of Kerry Properties Development Mgmt (Shanghai) Co Ltd | 24.33yrs | no data | no data | |
| General Manager of Kerry Properties (Macau) Limited and Director of Kerry Properties (Macau) Limited | no data | no data | no data | |
| Executive Director of Kerry Properties (H K ) Limited | no data | no data | no data | |
| Executive Director of Kerry Properties | no data | no data | no data | |
| Executive Director of Kerry Development (China) Limited | no data | no data | no data | |
| Independent Non-Executive Director | 7.83yrs | HK$550.00k | no data | |
| Independent Non-Executive Director | 12.42yrs | HK$600.00k | no data | |
| Independent Non-Executive Director | 0.42yr | no data | no data |
7.5yrs
Average Tenure
61.5yo
Average Age
Experienced Board: 683's board of directors are considered experienced (7.5 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
Kerry Properties Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Kerry Properties Limited
- Ticker: 683
- Exchange: SEHK
- Founded: 1978
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Market Cap: HK$27.965b
- Shares outstanding: 1.46b
- Website: https://www.kerryprops.com
Number of Employees
Location
- Kerry Properties Limited
- Kerry Centre
- 25th Floor
- Quarry Bay
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KR3 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Aug 1996 |
| 683 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Aug 1996 |
| KRYP.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Aug 1996 |
| 683 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Aug 1996 |
| 683 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Aug 1996 |
| KRYP.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Nov 2008 |
Biography
Kerry Properties Limited, an investment holding company, engages in the development, investment, management, and trading of properties in Hong Kong, the People’s Republic of China, and the Asia Pacific reg ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/29 12:35 |
| End of Day Share Price | 2020/10/29 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.