MTR Past Earnings Performance

Past criteria checks 3/6

MTR has been growing earnings at an average annual rate of 4.6%, while the Transportation industry saw earnings declining at 3.2% annually. Revenues have been growing at an average rate of 2% per year. MTR's return on equity is 5.5%, and it has net margins of 16.4%.

Key information

4.6%

Earnings growth rate

4.2%

EPS growth rate

Transportation Industry Growth	-8.3%
Revenue growth rate	2.0%
Return on equity	5.5%
Net Margin	16.4%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How MTR makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SZSC:66 Revenue, expenses and earnings (HKD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	58,679	9,650	1,256
31 Mar 24	57,831	8,717	1,228
31 Dec 23	56,982	7,784	1,200
30 Sep 23	54,668	8,529	1,298
30 Jun 23	52,353	9,273	1,267
31 Mar 23	50,083	9,550	1,200
31 Dec 22	47,812	9,827	1,133
30 Sep 22	47,865	10,719	1,094
30 Jun 22	47,918	11,611	1,054
31 Mar 22	47,560	10,582	1,056
31 Dec 21	47,202	9,552	1,057
30 Sep 21	45,234	3,875	1,040
30 Jun 21	43,266	-1,802	1,023
31 Mar 21	42,904	-3,305	1,047
31 Dec 20	42,541	-4,809	1,071
30 Sep 20	45,183	642	1,267
30 Jun 20	47,824	6,092	1,462
31 Mar 20	51,164	9,012	1,436
31 Dec 19	54,504	11,932	1,410
30 Sep 19	55,167	13,182	1,268
30 Jun 19	55,829	14,431	1,125
31 Mar 19	54,880	15,220	1,079
31 Dec 18	53,930	16,008	1,032
30 Sep 18	52,870	16,220	984
30 Jun 18	51,809	16,432	936
31 Mar 18	53,625	16,631	923
31 Dec 17	55,440	16,829	910
30 Sep 17	54,663	14,721	936
30 Jun 17	53,886	12,613	962
31 Mar 17	49,538	11,434	977
31 Dec 16	45,189	10,254	992
30 Sep 16	43,994	10,090	955
30 Jun 16	42,798	9,926	917
31 Mar 16	42,250	11,460	900
31 Dec 15	41,701	12,994	882
30 Sep 15	41,298	14,439	986
30 Jun 15	40,895	15,883	1,089
31 Mar 15	40,526	15,745	1,078
31 Dec 14	40,156	15,606	1,067
30 Sep 14	39,560	15,193	1,022
30 Jun 14	38,964	14,779	976
31 Mar 14	38,836	13,902	972
31 Dec 13	38,707	13,025	967

Quality Earnings: 66 has high quality earnings.

Growing Profit Margin: 66's current net profit margins (16.4%) are lower than last year (17.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 66's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: 66's earnings growth over the past year (4.1%) is below its 5-year average (4.6% per year).

Earnings vs Industry: 66 earnings growth over the past year (4.1%) exceeded the Transportation industry 4.1%.

MTR Past Earnings Performance

Past criteria checks 3/6

Key information

Recent past performance updates

First half 2024 earnings released: EPS: HK$0.97 (vs HK$0.67 in 1H 2023)

First half 2024 earnings released: EPS: HK$0.97 (vs HK$0.67 in 1H 2023)

MTR Corporation Limited to Report Q2, 2024 Results on Aug 15, 2024

Full year 2023 earnings released: EPS: HK$1.26 (vs HK$1.59 in FY 2022)

Full year 2023 earnings released: EPS: HK$1.26 (vs HK$1.59 in FY 2022)

MTR Corporation Limited to Report Fiscal Year 2023 Results on Mar 07, 2024

Recent updates

First half 2024 earnings released: EPS: HK$0.97 (vs HK$0.67 in 1H 2023)

MTR Corporation Limited Announces Alternate Director Changes

First half dividend of HK$0.42 announced

First half 2024 earnings released: EPS: HK$0.97 (vs HK$0.67 in 1H 2023)

MTR Corporation Limited Announces an Interim Dividend for the Six Months Ended 30 June 2024, Payable on 17 September 2024

MTR Corporation Limited Announces Change of Alternate Director

MTR Corporation Limited to Report Q2, 2024 Results on Aug 15, 2024

MTR Corporation Limited Declares Final Dividend for the Year Ended 31 December 2023, Payable on 16 July 2024

MTR Corporation Limited Announces Changes in Composition of Board Committees and Advisory Panel

Upcoming dividend of HK$0.89 per share

Full year 2023 earnings released: EPS: HK$1.26 (vs HK$1.59 in FY 2022)

Now 21% undervalued after recent price drop

MTR Corporation Limited, Annual General Meeting, May 22, 2024

Full year 2023 earnings released: EPS: HK$1.26 (vs HK$1.59 in FY 2022)

MTR Corporation Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 16 July 2024

Now 20% undervalued after recent price drop

MTR Corporation Limited to Report Fiscal Year 2023 Results on Mar 07, 2024

MTR Corporation Limited Announces Management Changes, Effective 1 October 2023

Upcoming dividend of HK$0.42 per share at 3.9% yield

MTR Corporation Limited Declares Interim Dividend for the Six Months Ended June 30, 2023, Payable on 13 October 2023

New minor risk - Earnings quality

First half 2023 earnings released: EPS: HK$0.67 (vs HK$0.77 in 1H 2022)

MTR Corporation Limited Announces Executive Directorate Changes

MTR Corporation Limited Approves 2022 Final Dividend, Payable on 18 July 2023

MTR Corporation Limited Announces Change of Alternate Director

MTR Corporation Limited Announces Directorate and Board Changes

Upcoming dividend of HK$0.89 per share at 3.4% yield

Full year 2022 earnings released: EPS: HK$1.59 (vs HK$1.55 in FY 2021)

MTR Corporation Limited to Report Fiscal Year 2022 Results on Mar 09, 2023

MTR Corporation Limited Announces Management Changes

Chief Executive Officer recently bought HK$168k worth of stock

Chief Executive Officer recently bought HK$111k worth of stock

MTR Corporation Limited Announces Executive Changes

Upcoming dividend of HK$0.42 per share

MTR Corporation Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on October 14, 2022

First half 2022 earnings released

MTR Corporation Limited Appoints Liu Chun-San as Alternate Director

MTR Corporation Limited to Report First Half, 2022 Results on Aug 11, 2022

MTR Corporation Limited Announces Board and Committee Changes

MTR Corporation Limited Announces Management Changes

MTR Corporation Limited Approves Final Dividend, Payable on July 19, 2022

MTR Corporation Limited Announces Changes of Directors, and Changes in the Composition of Board Committees and Advisory Panel

Upcoming dividend of HK$1.02 per share

Full year 2021 earnings released: EPS: HK$1.55 (vs HK$0.78 loss in FY 2020)

MTR Corporation Limited Recommends Final Dividend for the Year 2021, Payable 19 July 2022

MTR Corporation Limited Announces Change of Alternate Director

MTR Corporation Limited (SEHK:66) acquired an unknown majority stake in Octopus Holdings Limited from Bravo Transport Services Limited.

Non-Executive Director Sai-hung Lam has left the company

Upcoming dividend of HK$0.25 per share

First half 2021 earnings released: EPS HK$0.43 (vs HK$0.054 loss in 1H 2020)

Independent Non-Executive Director Ka-lai Li Li has left the company

Independent Non-Executive Director Yuk-choi Kwan has left the company

Upcoming dividend of HK$0.98 per share

Full year 2020 earnings released: HK$0.78 loss per share (vs HK$1.94 profit in FY 2019)

Revenue misses expectations

Full year 2020 earnings released: HK$0.78 loss per share (vs HK$1.94 profit in FY 2019)

MTR Corporation Limited Announces Interim Dividend, Expected to Be Distributed on 20 July 2021

New 90-day high: HK$46.30

MTR Corporation Limited to Report Fiscal Year 2020 Results on Mar 11, 2021

MTR Corporation Limited Announces Change of Executive Functions, Roles and Responsibilities of Members of the Executive Directorate and Change in Membership of the Executive Directorate

New 90-day high: HK$45.45

New 90-day high: HK$45.10

MTR Corporation Limited Announces Change of Alternate Director

New 90-day high: HK$42.95

New 90-day high: HK$42.10

New 90-day low: HK$37.90

MTR Corporation Limited Appoints David Tang Chi-Fai as Property and Australian Business Director, Effective October 1, 2020

First half earnings released

Upcoming Dividend of HK$0.25 Per Share