| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
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
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$22.05 |
| 52 Week High | HK$27.50 |
| 52 Week Low | HK$19.02 |
| Beta | 0.86 |
| 1 Month Change | 9.70% |
| 3 Month Change | 0.46% |
| 1 Year Change | 6.52% |
| 3 Year Change | -30.88% |
| 5 Year Change | -0.23% |
| Change since IPO | 25.64% |
Recent News & Updates
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
| 683 | HK Real Estate | HK Market | |
|---|---|---|---|
| 7D | 6.3% | 2.9% | -0.06% |
| 1Y | 6.5% | -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
| 683 volatility | |
|---|---|
| 683 Average Weekly Movement | 2.8% |
| Real Estate Industry Average Movement | 5.6% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in HK Market | 13.1% |
| 10% least volatile stocks in HK Market | 3.1% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1978 | 7,700 | Khoon Hua Kuok | https://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
| 683 fundamental statistics | |
|---|---|
| Market Cap | HK$31.27b |
| Earnings (TTM) | HK$8.10b |
| Revenue (TTM) | HK$16.98b |
4.0x
P/E Ratio1.9x
P/S RatioIs 683 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 683 income statement (TTM) | |
|---|---|
| Revenue | HK$16.98b |
| Cost of Revenue | HK$7.33b |
| Gross Profit | HK$9.65b |
| Expenses | HK$1.55b |
| Earnings | HK$8.10b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.57 |
| Gross Margin | 56.83% |
| Net Profit Margin | 47.71% |
| Debt/Equity Ratio | 35.4% |
How did 683 perform over the long term?
See historical performance and comparisonDividends
6.1%
Current Dividend Yield24%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/26 10:06 |
| End of Day Share Price | 2022/01/26 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.