SEHK:683

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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 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

1.6%

683

1.3%

HK Real Estate

2.5%

HK Market


1 Year Return

-31.9%

683

-4.7%

HK Real Estate

6.1%

HK Market

Return vs Industry: 683 underperformed the Hong Kong Real Estate industry which returned -4.7% over the past year.

Return vs Market: 683 underperformed the Hong Kong Market which returned 6.1% over the past year.


Shareholder returns

683IndustryMarket
7 Day1.6%1.3%2.5%
30 Day-7.0%-5.9%-0.6%
90 Day-14.0%1.6%9.1%
1 Year-27.3%-31.9%0.4%-4.7%10.5%6.1%
3 Year-21.5%-32.5%8.2%-4.9%2.8%-8.2%
5 Year-6.4%-26.1%43.7%18.0%14.1%-5.0%

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

Valuation

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

17.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 683 (HK$18.74) is trading below our estimate of fair value (HK$22.69)

Significantly Below Fair Value: 683 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 683 is good value based on its PE Ratio (4x) compared to the HK Real Estate industry average (6.9x).

PE vs Market: 683 is good value based on its PE Ratio (4x) compared to the Hong Kong market (10.4x).


Price to Earnings Growth Ratio

PEG Ratio: 683's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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 8 analysts?

-10.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 683's earnings are forecast to decline over the next 3 years (-10.6% per year).

Earnings vs Market: 683's earnings are forecast to decline over the next 3 years (-10.6% per year).

High Growth Earnings: 683's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 683's revenue (1.1% per year) is forecast to grow slower than the Hong Kong market (11.4% per year).

High Growth Revenue: 683's revenue (1.1% 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 (5%).


Next Steps

Past Performance

How has Kerry Properties performed over the past 5 years?

5.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 683 has high quality earnings.

Growing Profit Margin: 683's current net profit margins (38.3%) are higher than last year (35%).


Past Earnings Growth Analysis

Earnings Trend: 683's earnings have grown by 5.5% 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 (-8%) over the past year, making it difficult to compare to the Real Estate industry average (4.5%).


Return on Equity

High ROE: 683's Return on Equity (6.7%) 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$30.5B) exceed its short term liabilities (HK$19.8B).

Long Term Liabilities: 683's short term assets (HK$30.5B) do not cover its long term liabilities (HK$42.7B).


Debt to Equity History and Analysis

Debt Level: 683's debt to equity ratio (36.8%) is considered satisfactory.

Reducing Debt: 683's debt to equity ratio has reduced from 39.2% to 36.8% over the past 5 years.

Debt Coverage: 683's debt is not well covered by operating cash flow (9%).

Interest Coverage: 683's interest payments on its debt are well covered by EBIT (41.5x coverage).


Balance Sheet


Next Steps

Dividend

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

7.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 683's dividend (7.2%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.27%).

High Dividend: 683's dividend (7.2%) is in the top 25% of dividend payers in the Hong Kong market (6.86%)


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 (28.5%), 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% payout ratio).


Next Steps

Management

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

12.3yrs

Average management tenure


CEO

Khoon Hua Kuok (41 yo)

1.17yrs

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 ($USD1.44M) is above average for companies of similar size in the Hong Kong market ($USD526.71K).

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

NamePositionTenureCompensationOwnership
Siu Kong Wong
Chairman7yrsHK$25.08m0.0034%
HK$ 941.2k
Khoon Hua Kuok
Vice Chairman & CEO1.17yrsHK$11.15m0.38%
HK$ 103.6m
Chi Wong
CFO & Executive Director1.67yrsHK$13.66m0.0034%
HK$ 944.0k
Bryan Pallop Gaw
Executive Director8.5yrsHK$11.99m0.62%
HK$ 170.6m
Kai Whatt Tan
Managing Director of South East Asia Logistics Operationno datano datano data
Siu Ching Li
Company Secretary14.58yrsno datano data
Sung Lim Chau
GM & Director of Kerry Properties Development Mgmt (Shanghai) Co Ltd24.17yrsno datano data
Edwardo Erni
Managing Director of Kerry Eas Logistics Limitedno datano datano data
Wilkie Lee
General Manager of Kerry Properties (Macau) Limited and Director of Kerry Properties (Macau) Limitedno datano datano data
Chi Wai Cheng
Chief Financial Officer of Kerry Logistics Network11yrsno datano data

12.3yrs

Average Tenure

56.5yo

Average Age

Experienced Management: 683's management team is seasoned and experienced (12.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Siu Kong Wong
Chairman7yrsHK$25.08m0.0034%
HK$ 941.2k
Khoon Hua Kuok
Vice Chairman & CEO1.17yrsHK$11.15m0.38%
HK$ 103.6m
Chi Wong
CFO & Executive Director1.67yrsHK$13.66m0.0034%
HK$ 944.0k
Bryan Pallop Gaw
Executive Director8.5yrsHK$11.99m0.62%
HK$ 170.6m
Sung Lim Chau
GM & Director of Kerry Properties Development Mgmt (Shanghai) Co Ltd24.17yrsno datano data
Wilkie Lee
General Manager of Kerry Properties (Macau) Limited and Director of Kerry Properties (Macau) Limitedno datano datano data
Pak Hin Yeung
Executive Director of Kerry Properties (H K ) Limitedno datano datano data
Sing Ki Tam
Executive Director of Kerry Propertiesno datano datano data
Ying Feng
Executive Director of Kerry Development (China) Limitedno datano datano data
Tso Tung Chang
Independent Non-Executive Director7.67yrsHK$550.00kno data
Yu Pok Wong
Independent Non-Executive Director12.25yrsHK$600.00kno data
Chun Yue Hui
Independent Non-Executive Director0.25yrno datano data

7.3yrs

Average Tenure

61.5yo

Average Age

Experienced Board: 683's board of directors are considered experienced (7.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 683 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$27.440b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KR3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURAug 1996
683SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDAug 1996
KRYP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDAug 1996
683SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDAug 1996
683SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDAug 1996
KRYP.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDNov 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/07 12:30
End of Day Share Price2020/08/07 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.