Market Cap
HK$259.3b
Last Updated
2020/11/23 12:40 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
Mediocre balance sheet with moderate growth potential.
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
-1.0%
66
0.9%
HK Transportation
1.1%
HK Market
1 Year Return
-5.1%
66
-8.1%
HK Transportation
8.3%
HK Market
Return vs Industry: 66 exceeded the Hong Kong Transportation industry which returned -8.1% over the past year.
Return vs Market: 66 underperformed the Hong Kong Market which returned 8.3% over the past year.
Shareholder returns
| 66 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | 0.9% | 1.1% |
| 30 Day | 6.4% | 8.1% | 5.6% |
| 90 Day | 1.8% | 2.9% | 3.7% |
| 1 Year | -2.3%-5.1% | -5.2%-8.1% | 12.8%8.3% |
| 3 Year | -1.4%-9.0% | -12.8%-19.5% | -2.8%-12.9% |
| 5 Year | 45.9%15.4% | 13.7%-6.5% | 30.6%8.5% |
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
2 weeks ago | Simply Wall St
MTR Corporation Limited (HKG:66) Is Up But Financials Look Inconsistent: Which Way Is The Stock Headed?4 weeks ago | Simply Wall St
Estimating The Fair Value Of MTR Corporation Limited (HKG:66)1 month ago | Simply Wall St
Are MTR's (HKG:66) Statutory Earnings A Good Guide To Its Underlying Profitability?Valuation
Is MTR undervalued compared to its fair value and its price relative to the market?
41.96x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 66 (HK$41.55) is trading above our estimate of fair value (HK$39.38)
Significantly Below Fair Value: 66 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 66 is poor value based on its PE Ratio (42x) compared to the XA Transportation industry average (16x).
PE vs Market: 66 is poor value based on its PE Ratio (42x) compared to the Hong Kong market (11.1x).
Price to Earnings Growth Ratio
PEG Ratio: 66 is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: 66's PB Ratio (1.4x) is in line with the HK Transportation industry average.
Next Steps
Future Growth
How is MTR forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
63.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 66's forecast earnings growth (63.1% per year) is above the savings rate (1.6%).
Earnings vs Market: 66's earnings (63.1% per year) are forecast to grow faster than the Hong Kong market (22.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 66's revenue (12% per year) is forecast to grow slower than the Hong Kong market (13.8% per year).
High Growth Revenue: 66's revenue (12% 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%).
Next Steps
Past Performance
How has MTR performed over the past 5 years?
-1.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 66 has a large one-off loss of HK$6.7B impacting its June 30 2020 financial results.
Growing Profit Margin: 66's current net profit margins (12.7%) are lower than last year (25.8%).
Past Earnings Growth Analysis
Earnings Trend: 66's earnings have declined by 1.7% per year over the past 5 years.
Accelerating Growth: 66's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 66 had negative earnings growth (-57.7%) over the past year, making it difficult to compare to the Transportation industry average (-22.2%).
Return on Equity
High ROE: 66's Return on Equity (3.4%) is considered low.
Next Steps
Financial Health
How is MTR's financial position?
Financial Position Analysis
Short Term Liabilities: 66's short term assets (HK$40.5B) exceed its short term liabilities (HK$18.5B).
Long Term Liabilities: 66's short term assets (HK$40.5B) do not cover its long term liabilities (HK$89.1B).
Debt to Equity History and Analysis
Debt Level: 66's debt to equity ratio (22.5%) is considered satisfactory.
Reducing Debt: 66's debt to equity ratio has increased from 11.4% to 22.5% over the past 5 years.
Debt Coverage: 66's debt is not well covered by operating cash flow (19%).
Interest Coverage: 66's interest payments on its debt are well covered by EBIT (16.1x coverage).
Balance Sheet
Next Steps
Dividend
What is MTR current dividend yield, its reliability and sustainability?
2.96%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 66's dividend (2.96%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.23%).
High Dividend: 66's dividend (2.96%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.66%).
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: With its high payout ratio (124.2%), 66's dividend payments are not well covered by earnings.
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?
4.4yrs
Average management tenure
CEO
Jacob Kam (58 yo)
1.58yrs
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 ($USD846.70K).
Compensation vs Earnings: Jacob's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Member of the Executive Directorate | 1.58yrs | HK$10.70m | 0.0038% HK$ 9.9m | |
| Finance Director & Member of the Executive Directorate | 4.33yrs | HK$6.40m | 0.00076% HK$ 2.0m | |
| Member of the Executive Directorate and MD of Operations & Mainland Business | no data | HK$6.00m | 0.0020% HK$ 5.1m | |
| Legal & European Business Director | 4.33yrs | HK$5.90m | 0.0018% HK$ 4.7m | |
| Member of the Executive Directorate | 4.42yrs | HK$6.50m | 0.0019% HK$ 5.0m | |
| Commercial Director | 9.17yrs | HK$6.40m | 0.011% HK$ 27.9m | |
| Property Director | 9.08yrs | HK$6.60m | 0.0031% HK$ 8.1m | |
| General Manager of Corporate Finance | no data | no data | no data | |
| Deputy Director of Strategy | no data | no data | no data | |
| Chief Information Officer | no data | no data | no data | |
| Head of Investor Relations & Retirement Benefits | 8.83yrs | no data | no data | |
| General Manager of Media & Corporate Communications | no data | no data | no data |
4.4yrs
Average Tenure
55yo
Average Age
Experienced Management: 66's management team is considered experienced (4.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Member of the Executive Directorate | 1.58yrs | HK$10.70m | 0.0038% HK$ 9.9m | |
| Independent Non-Executive Director | 3.5yrs | HK$500.00k | no data | |
| Independent Non-Executive Director | 6.08yrs | HK$500.00k | no data | |
| Independent Non-Executive Director | 4.5yrs | HK$500.00k | no data | |
| Independent Non-Executive Director | 5.83yrs | HK$500.00k | no data | |
| Independent Non-Executive Director | 6.08yrs | HK$500.00k | 0.000060% HK$ 155.6k | |
| Independent Non-Executive Director | 3.5yrs | HK$500.00k | no data | |
| Independent Non-Executive Director | 7.33yrs | HK$500.00k | no data | |
| Independent Non-Executive Director | 7.33yrs | HK$400.00k | 0.00017% HK$ 440.8k | |
| Independent Non-Executive Director | 6.08yrs | HK$400.00k | no data | |
| Non-Executive Chairman of the Board | 1.33yrs | HK$900.00k | no data | |
| Non-Executive Director | 3.33yrs | HK$400.00k | no data |
5.2yrs
Average Tenure
68yo
Average Age
Experienced Board: 66's board of directors are considered experienced (5.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 66 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$259.265b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 66 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Oct 2000 |
| MTRJ.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 2000 |
| MRI | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 2000 |
| 66 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Oct 2000 |
| 66 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Oct 2000 |
| MTCP.Y | OTCPK (Pink Sheets LLC) | UNSPONSORE ADR | US | USD | Mar 2017 |
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 in Hong Kong Transpo...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/23 12:40 |
| End of Day Share Price | 2020/11/23 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.