Swire Properties Limited

OTCPK:SWPF.F Stock Report

Market Cap: US$12.0b

Swire Properties Valuation

Is SWPF.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SWPF.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SWPF.F ($2.07) is trading below our estimate of fair value ($2.4)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SWPF.F?

Key metric: As SWPF.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SWPF.F. This is calculated by dividing SWPF.F's market cap by their current earnings.
What is SWPF.F's PE Ratio?
PE Ratio42.2x
EarningsHK$2.21b
Market CapHK$93.28b

Price to Earnings Ratio vs Peers

How does SWPF.F's PE Ratio compare to its peers?

The above table shows the PE ratio for SWPF.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34.8x
CPPT.L Copper Property CTL Pass Through Trust
12.7xn/aUS$855.0m
FRPH FRP Holdings
80xn/aUS$607.1m
JLL Jones Lang LaSalle
25.6x17.7%US$12.3b
NEN New England Realty Associates Limited Partnership
21xn/aUS$288.8m
SWPF.F Swire Properties
42.2x25.6%US$93.3b

Price-To-Earnings vs Peers: SWPF.F is expensive based on its Price-To-Earnings Ratio (42.2x) compared to the peer average (34.8x).

Price to Earnings Ratio vs Industry

How does SWPF.F's PE Ratio compare vs other companies in the US Real Estate Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
STHO Star Holdings
1.8xn/aUS$150.51m
STSR Strategic Student & Senior Housing Trust
2.4xn/aUS$41.31m
XIN Xinyuan Real Estate
0.4xn/aUS$19.93m
ILAL International Land Alliance
2.7xn/aUS$7.65m
SWPF.F 42.2xIndustry Avg. 31.8xNo. of Companies6PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SWPF.F is expensive based on its Price-To-Earnings Ratio (42.2x) compared to the US Real Estate industry average (31.9x).

Price to Earnings Ratio vs Fair Ratio

What is SWPF.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SWPF.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio42.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SWPF.F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SWPF.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$2.07
US$2.42
+16.8%
11.3%US$2.89US$1.99n/a14
Nov ’25n/a
US$2.40
0%
10.5%US$2.90US$1.99n/a14
Oct ’25n/a
US$2.35
0%
9.5%US$2.90US$1.99n/a14
Sep ’25n/a
US$2.30
0%
11.4%US$2.88US$1.80n/a14
Aug ’25n/a
US$2.27
0%
14.0%US$2.88US$1.54n/a14
Jul ’25US$1.64
US$2.53
+54.7%
14.9%US$3.65US$2.05n/a15
Jun ’25US$1.78
US$2.53
+42.2%
14.9%US$3.65US$2.05n/a15
May ’25n/a
US$2.53
0%
14.9%US$3.64US$2.04n/a15
Apr ’25US$2.07
US$2.52
+21.6%
15.4%US$3.64US$2.05n/a15
Mar ’25US$2.03
US$2.53
+24.7%
18.6%US$3.96US$1.92n/a15
Feb ’25US$1.87
US$2.61
+39.6%
21.5%US$3.96US$1.92n/a14
Jan ’25US$1.93
US$2.74
+42.2%
19.4%US$3.97US$1.92n/a14
Dec ’24US$1.98
US$2.76
+39.6%
19.4%US$3.96US$1.92n/a13
Nov ’24n/a
US$2.76
0%
19.4%US$3.96US$1.92n/a13
Oct ’24US$2.08
US$2.79
+34.0%
18.7%US$3.96US$2.04n/a13
Sep ’24n/a
US$2.84
0%
16.9%US$3.96US$2.25n/a13
Aug ’24n/a
US$2.91
0%
17.3%US$3.98US$2.12n/a13
Jul ’24US$2.47
US$2.91
+18.2%
17.0%US$3.95US$2.11US$1.6413
Jun ’24n/a
US$2.93
0%
16.8%US$3.96US$2.11US$1.7813
May ’24n/a
US$2.87
0%
18.2%US$3.95US$2.10n/a13
Apr ’24n/a
US$2.87
0%
18.2%US$3.95US$2.10US$2.0713
Mar ’24n/a
US$2.82
0%
20.3%US$3.95US$2.10US$2.0313
Feb ’24n/a
US$2.79
0%
20.7%US$3.96US$2.11US$1.8713
Jan ’24n/a
US$2.69
0%
19.7%US$3.97US$2.11US$1.9313
Dec ’23n/a
US$2.78
0%
19.8%US$3.97US$2.11US$1.9813
Nov ’23US$1.99
US$2.96
+48.8%
16.5%US$3.95US$2.14n/a13

Analyst Forecast: Target price is less than 20% higher than the current share price.

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