Kerry Properties
Market Cap
HK$35.5b
Last Updated
2019/10/19 12:40 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.
Snowflake
Fundamentals
Undervalued with excellent balance sheet and pays a dividend.
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
Market Performance
7 Day Return
-0.2%
683
2.1%
HK Real Estate
0.9%
HK Market
1 Year Return
-2.4%
683
10.5%
HK Real Estate
0.6%
HK Market
Return vs Industry: 683 underperformed the Hong Kong Real Estate industry which returned 10.5% over the past year.
Return vs Market: 683 underperformed the Hong Kong Market which returned 0.6% over the past year.
Shareholder returns
| 683 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.2% | 2.1% | 0.9% |
| 30 Day | -0.2% | 3.0% | 0.4% |
| 90 Day | -26.2% | -9.6% | -5.5% |
| 1 Year | 2.2%-2.4% | 14.8%10.5% | 4.2%0.6% |
| 3 Year | 14.6%0.6% | 39.7%25.2% | 15.5%3.9% |
| 5 Year | 14.4%-6.9% | 63.3%35.3% | 19.9%-0.1% |
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
1 week ago | Simply Wall St
Should You Buy Kerry Properties Limited (HKG:683) For Its Dividend?3 weeks ago | Simply Wall St
Some Kerry Properties (HKG:683) Shareholders Are Down 12%1 month ago | Simply Wall St
How Does Investing In Kerry Properties Limited (HKG:683) Impact The Volatility Of Your Portfolio?Valuation
Is Kerry Properties undervalued compared to its fair value and its price relative to the market?
44.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: 683 (HK$24.4) is trading below our estimate of fair value (HK$44.21)
Significantly Undervalued: 683 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 683 is good value based on its PE Ratio (5x) compared to the Real Estate industry average (6.2x).
PE vs Market: 683 is good value based on its PE Ratio (5x) compared to the Hong Kong market (10.3x).
Price to Earnings Growth Ratio
Low PEG Ratio: 683 is poor value based on its PEG Ratio (38.6x)
Price to Book Ratio
PB vs Industry: 683 is good value based on its PB Ratio (0.4x) compared to the HK Real Estate industry average (0.5x).
Next Steps
Future Growth
How is Kerry Properties forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
0.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 683's forecast earnings growth (0.1% per year) is below the savings rate (2%).
Earnings vs Market: 683's earnings (0.1% per year) are forecast to grow slower than the Hong Kong market (11.4% per year).
High Growth Earnings: 683's earnings are forecast to grow, but not significantly.
Revenue vs Market: 683's revenue is expected to decline over the next 3 years (-3.6% per year).
High Growth Revenue: 683's revenue is forecast to decline over the next 3 years (-3.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: 683's Return on Equity is forecast to be low in 3 years time (5.7%).
Next Steps
Past Performance
How has Kerry Properties performed over the past 5 years?
8.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 683's earnings have grown by 8.2% 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 (-28.4%) over the past year, making it difficult to compare to the Real Estate industry average (-12%).
Return on Equity
High ROE: 683's Return on Equity (6.9%) is considered low.
Return on Assets
ROA vs Industry: 683 has a higher Return on Assets than the Real Estate industry average last year.
Return on Capital Employed
ROCE Improving: 683 has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Kerry Properties's financial position?
Financial Position Analysis
Short Term Liabilities: 683's short term assets (HK$34.2B) exceeds its short term liabilities (HK$24.8B)
Long Term Liabilities: 683's short term assets (34.2B) do not cover its long term liabilities (36.0B)
Debt to Equity History and Analysis
Debt Level: 683's debt to equity ratio (33.8%) is considered satisfactory
Reducing Debt: 683's debt to equity ratio has reduced from 41.3% to 33.8% over the past 5 years.
Debt Coverage: 683's debt is well covered by operating cash flow (29.6%).
Interest Coverage: 683 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 683 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 683's debt is not covered by short term assets (assets are 0.9x debt).
Next Steps
Dividend
What is Kerry Properties's current dividend yield, its reliability and sustainability?
5.53%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: 683's dividend (5.53%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).
High Dividend: 683's dividend (5.53%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).
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 (27.7%), 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 (34.7% payout ratio).
Next Steps
Management
What is the CEO of Kerry Properties's salary, the management and board of directors tenure and is there insider trading?
6.8yrs
Average management tenure
CEO
Khoon Hua Kuok (40yo)
0.3yrs
Tenure
HK$320,000
Compensation
Mr. Khoon Hua Kuok has been Vice Chairman and CEO of Kerry Properties Limited since June 1, 2019. He has been Chairman of the Board of Kerry Logistics Network Limited since May 31, 2019. Mr. Kuok has been ...
Management Age and Tenure
6.8yrs
Average Tenure
57.5yo
Average Age
Experienced Management: 683's management team is seasoned and experienced (6.8 years average tenure).
Board Age and Tenure
7.3yrs
Average Tenure
62yo
Average Age
Experienced Board: 683's board of directors are considered experienced (7.3 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 1,596,318 |
| Max Price | HK$23.81 |
Ownership Breakdown
Management Team
Shut Kan Ho (68yo)
Consultant
- Tenure: 0.8yrs
- Compensation: HK$26.36m
Siu Kong Wong (68yo)
Chairman
- Tenure: 6.2yrs
- Compensation: HK$27.08m
Sunny Chau (53yo)
GM & Director of Kerry Properties Development Mgmt (Shanghai) Co Ltd
- Tenure: 23.3yrs
Liz Li (53yo)
Company Secretary
- Tenure: 13.8yrs
Robert Tan (62yo)
Managing Director of South East Asia Logistics Operation
- Tenure: 0yrs
Louis Wong (58yo)
CFO & Executive Director
- Tenure: 0.8yrs
Edwardo Erni (57yo)
Managing Director of Kerry Eas Logistics Limited
- Tenure: 0yrs
Bryan Pallop Gaw (42yo)
Executive Director
- Tenure: 7.7yrs
- Compensation: HK$12.24m
Wilkie Lee (60yo)
General Manager of Kerry Properties (Macau) Limited and Director of Kerry Properties (Macau) Limited
- Tenure: 0yrs
Khoon Hua Kuok (40yo)
Vice Chairman & CEO
- Tenure: 0.3yrs
- Compensation: HK$320.00k
Board Members
Siu Kong Wong (68yo)
Chairman
- Tenure: 6.2yrs
- Compensation: HK$27.08m
Sing Ki Tam (64yo)
Executive Director of Kerry Properties
- Tenure: 0yrs
Sunny Chau (53yo)
GM & Director of Kerry Properties Development Mgmt (Shanghai) Co Ltd
- Tenure: 23.3yrs
Stephen Chang (71yo)
Independent Non-Executive Director
- Tenure: 6.8yrs
- Compensation: HK$560.00k
Moon Lun Ku (68yo)
Independent Non-Executive Director
- Tenure: 12.4yrs
- Compensation: HK$560.00k
Louis Wong (58yo)
CFO & Executive Director
- Tenure: 0.8yrs
Marina Wong (70yo)
Independent Non-Executive Director
- Tenure: 11.4yrs
- Compensation: HK$600.00k
Bryan Pallop Gaw (42yo)
Executive Director
- Tenure: 7.7yrs
- Compensation: HK$12.24m
Wilkie Lee (60yo)
General Manager of Kerry Properties (Macau) Limited and Director of Kerry Properties (Macau) Limited
- Tenure: 0yrs
Khoon Hua Kuok (40yo)
Vice Chairman & CEO
- Tenure: 0.3yrs
- Compensation: HK$320.00k
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$35.539b
- 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 | 2019/10/19 12:40 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.