Market Cap
HK$271.1b
Last Updated
2021/05/16 10:41 UTC
Data Sources
Company Financials +
Executive Summary
MTR Corporation Limited designs, constructs, operates, maintains, and invests in railways in Hong Kong, Australia, Mainland of China, Macao, Sweden, and the United Kingdom. More Details
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential second-rate dividend payer.
Similar Companies
Share Price & News
How has MTR's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 66 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 66's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-0.8%
66
-0.7%
HK Transportation
-1.9%
HK Market
1 Year Return
6.2%
66
7.0%
HK Transportation
24.3%
HK Market
Return vs Industry: 66 matched the Hong Kong Transportation industry which returned 7% over the past year.
Return vs Market: 66 underperformed the Hong Kong Market which returned 24.4% over the past year.
Shareholder returns
| 66 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -0.7% | -1.9% |
| 30 Day | -0.7% | -0.6% | -3.4% |
| 90 Day | -2.3% | -1.1% | -8.0% |
| 1 Year | 9.4%6.2% | 10.3%7.0% | 29.0%24.3% |
| 3 Year | 3.3%-2.8% | -9.3%-15.0% | 0.5%-10.0% |
| 5 Year | 41.7%21.5% | 21.5%4.9% | 58.6%31.9% |
Long-Term Price Volatility Vs. Market
How volatile is MTR's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
MTR (HKG:66) Has Affirmed Its Dividend Of HK$0.986 days ago | Simply Wall St
Did You Participate In Any Of MTR's (HKG:66) Respectable 47% Return?3 weeks ago | Simply Wall St
Need To Know: MTR Corporation Limited (HKG:66) Insiders Have Been Selling SharesValuation
Is MTR undervalued compared to its fair value and its price relative to the market?
1.53x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: 66 (HK$43.85) is trading above our estimate of fair value (HK$22.29)
Significantly Below Fair Value: 66 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 66 is unprofitable, so we can't compare its PE Ratio to the Asian Transportation industry average.
PE vs Market: 66 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 66's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 66 is overvalued based on its PB Ratio (1.5x) compared to the HK Transportation industry average (1.3x).
Future Growth
How is MTR forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
39.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 66 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: 66 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 66's is expected to become profitable in the next 3 years.
Revenue vs Market: 66's revenue (10.8% per year) is forecast to grow slower than the Hong Kong market (12.4% per year).
High Growth Revenue: 66's revenue (10.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 66's Return on Equity is forecast to be low in 3 years time (7.3%).
Past Performance
How has MTR performed over the past 5 years?
-12.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 66 is currently unprofitable.
Growing Profit Margin: 66 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 66 is unprofitable, and losses have increased over the past 5 years at a rate of 12.5% per year.
Accelerating Growth: Unable to compare 66's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 66 is unprofitable, making it difficult to compare its past year earnings growth to the Transportation industry (-1.7%).
Return on Equity
High ROE: 66 has a negative Return on Equity (-2.72%), as it is currently unprofitable.
Financial Health
How is MTR's financial position?
Financial Position Analysis
Short Term Liabilities: 66's short term assets (HK$41.8B) exceed its short term liabilities (HK$16.0B).
Long Term Liabilities: 66's short term assets (HK$41.8B) do not cover its long term liabilities (HK$97.6B).
Debt to Equity History and Analysis
Debt Level: 66's debt to equity ratio (27.9%) is considered satisfactory.
Reducing Debt: 66's debt to equity ratio has increased from 12.1% to 27.9% over the past 5 years.
Debt Coverage: 66's debt is not well covered by operating cash flow (1.6%).
Interest Coverage: 66 is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Dividend
What is MTR current dividend yield, its reliability and sustainability?
2.80%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 66's dividend (2.81%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.94%).
High Dividend: 66's dividend (2.81%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.03%).
Stability and Growth of Payments
Stable Dividend: 66's dividend payments have been volatile in the past 10 years.
Growing Dividend: 66's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: 66 is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: 66's dividends in 3 years are forecast to be covered by earnings (61.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.9yrs
Average management tenure
CEO
Jacob Kam (58 yo)
2.08yrs
Tenure
HK$10,700,000
Compensation
Dr. Chak-pui Kam, also known as Jacob, has been Chief Executive Officer and Director at MTR Corporation Limited since April 1, 2019 and also has been its Member of the Executive Directorate since January 1...
CEO Compensation Analysis
Compensation vs Market: Jacob's total compensation ($USD1.38M) is above average for companies of similar size in the Hong Kong market ($USD853.80K).
Compensation vs Earnings: Jacob's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: 66's management team is considered experienced (4.9 years average tenure).
Board Members
Experienced Board: 66's board of directors are considered experienced (5.7 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
MTR Corporation Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: MTR Corporation Limited
- Ticker: 66
- Exchange: SEHK
- Founded: 1975
- Industry: Railroads
- Sector: Transportation
- Market Cap: HK$271.095b
- Shares outstanding: 6.18b
- Website: https://www.mtr.com.hk
Number of Employees
Location
- MTR Corporation Limited
- MTR Headquarters Building
- Telford Plaza
- Kowloon Bay
- Kowloon
- Hong Kong
Listings
Biography
MTR Corporation Limited designs, constructs, operates, maintains, and invests in railways in Hong Kong, Australia, Mainland of China, Macao, Sweden, and the United Kingdom. It operates through Hong Kong Tr...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/16 10:41 |
| End of Day Share Price | 2021/05/14 00:00 |
| Earnings | 2020/12/31 |
| 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.