company background image
683

Kerry PropertiesSEHK:683 Stock Report

Last Price

HK$22.05

Market Cap

HK$31.3b

7D

6.3%

1Y

6.5%

Updated

26 Jan, 2022

Data

Company Financials +
683 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends5/6

683 Stock Overview

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.

Kerry Properties Competitors

Shangri-La Asia

SEHK:69

HK$22.5b

China World Trade Center

SHSE:600007

CN¥13.9b

Price History & Performance

Summary of all time highs, changes and price drops for Kerry Properties
Historical stock prices
Current Share PriceHK$22.05
52 Week HighHK$27.50
52 Week LowHK$19.02
Beta0.86
1 Month Change9.70%
3 Month Change0.46%
1 Year Change6.52%
3 Year Change-30.88%
5 Year Change-0.23%
Change since IPO25.64%

Recent News & Updates

Dec 27
Calculating The Fair Value Of Kerry Properties Limited (HKG:683)

Calculating The Fair Value Of Kerry Properties Limited (HKG:683)

Does the December share price for Kerry Properties Limited ( HKG:683 ) reflect what it's really worth? Today, we will...

Shareholder Returns

683HK Real EstateHK Market
7D6.3%2.9%-0.06%
1Y6.5%-21.0%-15.0%

Return vs Industry: 683 exceeded the Hong Kong Real Estate industry which returned -21% over the past year.

Return vs Market: 683 exceeded the Hong Kong Market which returned -15% over the past year.

Price Volatility

Is 683's price volatile compared to industry and market?
683 volatility
683 Average Weekly Movement2.8%
Real Estate Industry Average Movement5.6%
Market Average Movement6.7%
10% most volatile stocks in HK Market13.1%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 683 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 683's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19787,700Khoon Hua Kuokhttps://www.kerryprops.com

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. The company also owns and operates hotels; and offers logistics and freight forwarding, consultancy, administrative support, project management, financial, IT system and consultancy, estate agency, and construction services. In addition, it is involved in the warehouse operations, as well as operation of restaurants, recreation parks, and ice rinks.

Kerry Properties Fundamentals Summary

How do Kerry Properties's earnings and revenue compare to its market cap?
683 fundamental statistics
Market CapHK$31.27b
Earnings (TTM)HK$8.10b
Revenue (TTM)HK$16.98b

4.0x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
683 income statement (TTM)
RevenueHK$16.98b
Cost of RevenueHK$7.33b
Gross ProfitHK$9.65b
ExpensesHK$1.55b
EarningsHK$8.10b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.57
Gross Margin56.83%
Net Profit Margin47.71%
Debt/Equity Ratio35.4%

How did 683 perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

24%

Payout Ratio

Valuation

Is Kerry Properties undervalued compared to its fair value and its price relative to the market?

3.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 683 (HK$22.05) is trading above our estimate of fair value (HK$12.42)

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 (4x) compared to the Hong Kong Real Estate industry average (6.8x).

PE vs Market: 683 is good value based on its PE Ratio (4x) compared to the Hong Kong market (8.9x).


Price to Earnings Growth Ratio

PEG Ratio: 683 is poor value based on its PEG Ratio (17.4x)


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).


Future Growth

How is Kerry Properties forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

0.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 683's forecast earnings growth (0.2% per year) is below the savings rate (1.5%).

Earnings vs Market: 683's earnings (0.2% per year) are forecast to grow slower than the Hong Kong market (16.3% per year).

High Growth Earnings: 683's earnings are forecast to grow, but not significantly.

Revenue vs Market: 683's revenue (9.6% per year) is forecast to grow slower than the Hong Kong market (11.5% per year).

High Growth Revenue: 683's revenue (9.6% 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 (4.7%).


Past Performance

How has Kerry Properties performed over the past 5 years?

-3.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 683 has a large one-off gain of HK$2.4B impacting its June 30 2021 financial results.

Growing Profit Margin: 683's current net profit margins (47.7%) are higher than last year (40.8%).


Past Earnings Growth Analysis

Earnings Trend: 683's earnings have declined by 3% per year over the past 5 years.

Accelerating Growth: 683's earnings growth over the past year (85.1%) exceeds its 5-year average (-3% per year).

Earnings vs Industry: 683 earnings growth over the past year (85.1%) exceeded the Real Estate industry 22.3%.


Return on Equity

High ROE: 683's Return on Equity (7.2%) is considered low.


Financial Health

How is Kerry Properties's financial position?


Financial Position Analysis

Short Term Liabilities: 683's short term assets (HK$51.2B) exceed its short term liabilities (HK$23.9B).

Long Term Liabilities: 683's short term assets (HK$51.2B) exceed its long term liabilities (HK$48.0B).


Debt to Equity History and Analysis

Debt Level: 683's net debt to equity ratio (23.7%) is considered satisfactory.

Reducing Debt: 683's debt to equity ratio has reduced from 43.8% to 35.4% over the past 5 years.

Debt Coverage: 683's debt is well covered by operating cash flow (20.7%).

Interest Coverage: 683's interest payments on its debt are well covered by EBIT (108.5x coverage).


Balance Sheet


Dividend

What is Kerry Properties's current dividend yield, its reliability and sustainability?

6.12%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 683's dividend (6.12%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.38%).

High Dividend: 683's dividend (6.12%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.06%).


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 low payout ratio (24.3%), 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 (38.6% payout ratio).


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Khoon Hua Kuok (42 yo)

2.58yrs

Tenure

HK$17,420,000

Compensation

Mr. Khoon Hua Kuok serves as Vice Chairman of the Board and Non Executive Director at Kerry Logistics Network Limited since October 13, 2021. He has been Vice Chairman and Chief Executive Officer of Kerry...


CEO Compensation Analysis

Compensation vs Market: Khoon Hua's total compensation ($USD2.24M) is above average for companies of similar size in the Hong Kong market ($USD674.55K).

Compensation vs Earnings: Khoon Hua's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: 683's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: 683's board of directors are considered experienced (9.5 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 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
  • Implied Market Cap: HK$31.271b
  • Shares outstanding: 1.45b
  • Website: https://www.kerryprops.com

Number of Employees


Location

  • Kerry Properties Limited
  • Kerry Centre
  • 25th Floor
  • Quarry Bay
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 10:06
End of Day Share Price2022/01/26 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.