Wharf Real Estate Investment Past Earnings Performance

Past criteria checks 1/6

Wharf Real Estate Investment's earnings have been declining at an average annual rate of -46.6%, while the Real Estate industry saw earnings growing at 14.9% annually. Revenues have been declining at an average rate of 5.2% per year. Wharf Real Estate Investment's return on equity is 2.4%, and it has net margins of 35.8%.

Key information

-46.6%

Earnings growth rate

-46.6%

EPS growth rate

Real Estate Industry Growth	27.7%
Revenue growth rate	-5.2%
Return on equity	2.4%
Net Margin	35.8%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Wharf Real Estate Investment makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:WHRE.Y Revenue, expenses and earnings (HKD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	13,306	4,766	461
30 Sep 23	13,014	-408	590
30 Jun 23	12,722	-5,583	715
31 Mar 23	12,591	-7,219	786
31 Dec 22	12,459	-8,856	860
30 Sep 22	13,614	-4,451	964
30 Jun 22	14,768	-47	1,067
31 Mar 22	15,406	2,172	1,189
31 Dec 21	16,043	4,391	1,311
30 Sep 21	16,134	1,981	1,282
30 Jun 21	16,225	-430	1,252
31 Mar 21	15,870	-4,142	1,065
31 Dec 20	15,515	-7,854	878
30 Sep 20	14,918	-7,684	721
30 Jun 20	14,320	-7,515	563
31 Mar 20	15,182	-1,793	591
31 Dec 19	16,043	3,928	618
30 Sep 19	16,434	9,383	633
30 Jun 19	16,825	14,837	648
31 Mar 19	16,653	16,432	618
31 Dec 18	16,481	18,027	587
30 Sep 18	17,997	20,262	651
30 Jun 18	19,512	22,497	715
31 Mar 18	20,208	19,858	774
31 Dec 17	20,904	17,218	832
30 Sep 17	19,249	13,798	782
30 Jun 17	17,593	10,377	732
31 Mar 17	17,222	10,147	672
31 Dec 16	16,851	9,917	612
31 Dec 15	17,576	13,787	671
31 Dec 14	17,437	35,127	812

Quality Earnings: WHRE.Y has a large one-off loss of HK$1.6B impacting its last 12 months of financial results to 31st December, 2023.

Growing Profit Margin: WHRE.Y became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: WHRE.Y's earnings have declined by 46.6% per year over the past 5 years.

Accelerating Growth: WHRE.Y has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: WHRE.Y has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (-2.5%).

Return on Equity

High ROE: WHRE.Y's Return on Equity (2.4%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/06/10 08:52
End of Day Share Price	2024/03/13 00:00
Earnings	2023/12/31
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Wharf Real Estate Investment Company Limited is covered by 33 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.

Analyst	Institution
Karl Choi	BofA Global Research
Siu-Fung Lung	CCB International Securities Limited
Wei Ong	CFRA Equity Research