Swire Properties Limited

OTCPK:SWPF.F Stock Report

Market Cap: US$11.9b

Swire Properties Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 ($2.02) is trading below our estimate of fair value ($2.46)

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 Ratio41.9x
EarningsHK$2.21b
Market CapHK$92.62b

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 Average48.1x
CPPT.L Copper Property CTL Pass Through Trust
13.6xn/aUS$920.3m
FRPH FRP Holdings
74.6xn/aUS$566.2m
JLL Jones Lang LaSalle
25x18.0%US$12.0b
TCI Transcontinental Realty Investors
79.2xn/aUS$252.9m
SWPF.F Swire Properties
41.9x25.9%US$92.6b

Price-To-Earnings vs Peers: SWPF.F is good value based on its Price-To-Earnings Ratio (41.9x) compared to the peer average (48.1x).

Price to Earnings Ratio vs Industry

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

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FPH Five Point Holdings
4.8xn/aUS$532.04m
STHO Star Holdings
1.5xn/aUS$123.87m
STSR Strategic Student & Senior Housing Trust
2.5xn/aUS$41.23m
XIN Xinyuan Real Estate
0.3xn/aUS$14.88m
SWPF.F 41.9xIndustry Avg. 27.4xNo. of Companies8PE020406080100+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SWPF.F is expensive based on its Price-To-Earnings Ratio (41.9x) compared to the US Real Estate industry average (27.4x).

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 Ratio41.9x
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
Currentn/a
US$2.40
0%
11.0%US$2.90US$1.99n/a14
Dec ’25US$2.05
US$2.39
+16.7%
11.0%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$2.89US$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$1.92US$2.0513
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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 08:39
End of Day Share Price 2024/12/13 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Swire Properties Limited is covered by 37 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kwok Yi LouieBarclays
C WongBNP Paribas Securities (Asia)
Wee Liat LeeBNP Paribas Securities (Asia)