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Hysan Development

OTCPK:HYSN.Y
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HYSN.Y
OTCPK
HK$44B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Hysan Development Company Limited is a leading property investment, management and development company in Hong Kong with an investment property portfolio of over 4 million square feet of high quality office, retail and residential space. The last earnings update was 55 days ago. More info.


Add to Portfolio Compare Print
  • Hysan Development is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
HYSN.Y Share Price and Events
7 Day Returns
-1.9%
OTCPK:HYSN.Y
-0.5%
US Real Estate
1.6%
US Market
1 Year Returns
-3.2%
OTCPK:HYSN.Y
-16.7%
US Real Estate
2.6%
US Market
HYSN.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hysan Development (HYSN.Y) -1.9% 1.9% - -3.2% 33.9% 16.5%
US Real Estate -0.5% -7.4% -9.2% -16.7% 18.9% 2.5%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • HYSN.Y outperformed the Real Estate industry which returned -16.7% over the past year.
  • HYSN.Y underperformed the Market in United States of America which returned 2.6% over the past year.
Price Volatility
HYSN.Y
Industry
5yr Volatility vs Market

HYSN.Y Value

 Is Hysan Development undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hysan Development to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hysan Development.

OTCPK:HYSN.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:HYSN.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.108 (1 + (1- 25%) (14.9%))
1.155
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.155 * 6.65%)
10.41%

Discounted Cash Flow Calculation for OTCPK:HYSN.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hysan Development is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:HYSN.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 10.41%)
2019 2,658.75 Analyst x4 2,408.02
2020 2,710.50 Analyst x4 2,223.39
2021 2,737.00 Analyst x3 2,033.40
2022 2,760.11 Est @ 0.84% 1,857.20
2023 2,799.03 Est @ 1.41% 1,705.78
2024 2,849.58 Est @ 1.81% 1,572.82
2025 2,908.94 Est @ 2.08% 1,454.17
2026 2,975.19 Est @ 2.28% 1,347.03
2027 3,046.98 Est @ 2.41% 1,249.44
2028 3,123.41 Est @ 2.51% 1,160.00
Present value of next 10 years cash flows HK$17,011.26
OTCPK:HYSN.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$3,123.41 × (1 + 2.73%) ÷ (10.41% – 2.73%)
HK$41,767.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$41,767.68 ÷ (1 + 10.41%)10
HK$15,512.07
OTCPK:HYSN.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$17,011.26 + HK$15,512.07
HK$32,523.33
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$32,523.33 / 1,046.52
HK$31.08
OTCPK:HYSN.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:HYSN.Y represents 0.2573x of SEHK:14
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.2573x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 31.08 x 0.2573
$8.00
Value per share (USD) From above. $8.00
Current discount Discount to share price of $10.85
= -1 x ($10.85 - $8.00) / $8.00
-35.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hysan Development is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hysan Development's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hysan Development's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:HYSN.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$5.77
SEHK:14 Share Price ** SEHK (2019-05-16) in HKD HK$42.15
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.11x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hysan Development.

OTCPK:HYSN.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:14 Share Price ÷ EPS (both in HKD)

= 42.15 ÷ 5.77

7.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hysan Development is good value based on earnings compared to the US Real Estate industry average.
  • Hysan Development is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Hysan Development's expected growth come at a high price?
Raw Data
OTCPK:HYSN.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
-25.4%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

OTCPK:HYSN.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.31x ÷ -25.4%

-0.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hysan Development earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hysan Development's assets?
Raw Data
OTCPK:HYSN.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$71.12
SEHK:14 Share Price * SEHK (2019-05-16) in HKD HK$42.15
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.51x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
OTCPK:HYSN.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:14 Share Price ÷ Book Value per Share (both in HKD)

= 42.15 ÷ 71.12

0.59x

* Primary Listing of Hysan Development.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hysan Development is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Hysan Development's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Hysan Development has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HYSN.Y Future Performance

 How is Hysan Development expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-25.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hysan Development expected to grow at an attractive rate?
  • Hysan Development's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Hysan Development's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Hysan Development's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:HYSN.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:HYSN.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts -25.4%
OTCPK:HYSN.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 4.1%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:HYSN.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:HYSN.Y Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,740 2,988 3,121 10
2020-12-31 4,182 2,910 2,860 13
2019-12-31 4,039 2,851 2,692 13
OTCPK:HYSN.Y Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 4,178 2,751 6,033
2018-09-30 4,033 2,655 5,968
2018-06-30 3,877 2,558 5,903
2018-03-31 3,817 2,524 4,770
2017-12-31 3,768 2,490 3,636
2017-09-30 3,776 2,718 2,351
2017-06-30 3,784 2,946 1,065
2017-03-31 3,775 2,933 1,142
2016-12-31 3,766 2,919 1,218
2016-09-30 3,734 2,725 1,366
2016-06-30 3,702 2,531 1,513
2016-03-31 3,687 2,536 2,208

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hysan Development's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Hysan Development's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:HYSN.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Hysan Development Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HYSN.Y Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.00 3.26 2.66 7.00
2020-12-31 2.74 2.95 2.62 8.00
2019-12-31 2.58 2.66 2.49 8.00
OTCPK:HYSN.Y Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 5.77
2018-09-30 5.71
2018-06-30 5.64
2018-03-31 4.56
2017-12-31 3.48
2017-09-30 2.25
2017-06-30 1.02
2017-03-31 1.09
2016-12-31 1.16
2016-09-30 1.30
2016-06-30 1.43
2016-03-31 2.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hysan Development is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hysan Development's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hysan Development has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HYSN.Y Past Performance

  How has Hysan Development performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hysan Development's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hysan Development's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Hysan Development's 1-year earnings growth exceeds its 5-year average (65.9% vs -6.5%)
  • Hysan Development's earnings growth has exceeded the US Real Estate industry average in the past year (65.9% vs -15.8%).
Earnings and Revenue History
Hysan Development's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hysan Development Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HYSN.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 4,178.00 6,033.00 227.00
2018-09-30 4,033.00 5,968.00 238.00
2018-06-30 3,877.00 5,903.00 249.00
2018-03-31 3,817.00 4,769.50 248.00
2017-12-31 3,768.00 3,636.00 247.00
2017-09-30 3,776.00 2,350.50 228.00
2017-06-30 3,784.00 1,065.00 209.00
2017-03-31 3,775.00 1,141.50 214.00
2016-12-31 3,766.00 1,218.00 219.00
2016-09-30 3,734.00 1,365.50 226.00
2016-06-30 3,702.00 1,513.00 233.00
2016-03-31 3,687.00 2,208.00 233.50
2015-12-31 3,672.00 2,903.00 234.00
2015-09-30 3,633.00 3,603.00 227.50
2015-06-30 3,594.00 4,303.00 221.00
2015-03-31 3,531.50 4,602.50 217.50
2014-12-31 3,469.00 4,902.00 214.00
2014-09-30 3,408.00 5,352.50 214.50
2014-06-30 3,347.00 5,803.00 215.00
2014-03-31 3,323.50 5,980.50 211.50
2013-12-31 3,300.00 6,158.00 208.00
2013-09-30 3,202.50 6,767.00 201.50
2013-06-30 3,105.00 7,376.00 195.00
2013-03-31 2,901.00 8,665.50 191.00
2012-12-31 2,697.00 9,955.00 187.00
2012-09-30 2,539.00 9,155.00 188.50
2012-06-30 2,381.00 8,355.00 190.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hysan Development has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hysan Development used its assets more efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Hysan Development has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hysan Development's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hysan Development has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HYSN.Y Health

 How is Hysan Development's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hysan Development's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hysan Development is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hysan Development's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hysan Development's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hysan Development Company Filings, last reported 4 months ago.

OTCPK:HYSN.Y Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 77,637.00 6,571.00 2,069.00
2018-09-30 77,637.00 6,571.00 2,069.00
2018-06-30 74,961.00 6,270.00 1,931.00
2018-03-31 74,961.00 6,270.00 1,931.00
2017-12-31 73,001.00 6,542.00 2,034.00
2017-09-30 73,001.00 6,542.00 2,034.00
2017-06-30 70,098.00 6,380.00 2,092.00
2017-03-31 70,098.00 6,380.00 2,092.00
2016-12-31 70,685.00 6,293.00 1,367.00
2016-09-30 70,685.00 6,293.00 1,367.00
2016-06-30 70,803.00 5,119.00 914.00
2016-03-31 70,803.00 5,119.00 914.00
2015-12-31 71,368.00 4,930.00 584.00
2015-09-30 71,368.00 4,930.00 584.00
2015-06-30 71,378.00 5,880.00 781.00
2015-03-31 71,378.00 5,880.00 781.00
2014-12-31 70,129.00 6,478.00 664.00
2014-09-30 70,129.00 6,478.00 664.00
2014-06-30 68,234.00 7,015.00 244.00
2014-03-31 68,234.00 7,015.00 244.00
2013-12-31 66,181.00 7,626.00 698.00
2013-09-30 66,181.00 7,626.00 698.00
2013-06-30 63,106.00 8,311.00 71.00
2013-03-31 63,106.00 8,311.00 71.00
2012-12-31 60,447.00 5,971.00 1,183.00
2012-09-30 60,447.00 5,971.00 1,183.00
2012-06-30 56,181.00 5,936.00 43.00
  • Hysan Development's level of debt (8.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (11.5% vs 8.5% today).
  • Debt is well covered by operating cash flow (41.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 26.8x coverage).
X
Financial health checks
We assess Hysan Development's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hysan Development has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HYSN.Y Dividends

 What is Hysan Development's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.42%
Current annual income from Hysan Development dividends. Estimated to be 3.79% next year.
If you bought $2,000 of Hysan Development shares you are expected to receive $68 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hysan Development's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Hysan Development's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:HYSN.Y Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:HYSN.Y Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.68 10.00
2020-12-31 1.60 13.00
2019-12-31 1.52 12.00
OTCPK:HYSN.Y Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-03-28 1.440 3.358
2019-02-21 1.440 3.461
2018-02-28 1.370 3.338
2017-03-28 1.350 3.494
2017-02-22 1.350 3.751
2016-08-03 1.330 3.751
2016-03-31 1.320 3.925
2016-03-08 1.320 4.016
2015-03-31 1.230 3.740
2015-03-11 1.230 3.584
2014-03-31 1.170 3.237
2014-03-07 1.170 3.520
2013-03-07 0.950 2.742
2012-03-08 0.790 2.299
2011-08-09 0.750 2.701
2011-03-31 0.740 2.025
2010-09-02 0.680 2.081
2010-04-08 0.680 3.012
2010-03-10 0.680 3.058
2009-08-11 0.680 3.225

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Hysan Development's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Hysan Development's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hysan Development afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hysan Development has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HYSN.Y Management

 What is the CEO of Hysan Development's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Hysan Development has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the Hysan Development management team in years:

3.6
Average Tenure
58.5
Average Age
  • The tenure for the Hysan Development management team is about average.
Management Team

Irene Lee

TITLE
Executive Chairman of the Board
COMPENSATION
HK$24M
AGE
64

Roger Hao

TITLE
Chief Financial Officer
AGE
52
TENURE
9.7 yrs

Ricky Lui

TITLE
Chief Operating Officer
AGE
53
TENURE
2.4 yrs

Catherine Ng

TITLE
Head of Corporate Communications

Tiffany Lam

TITLE
Director of Marketing & Customer Experience
AGE
46
TENURE
1.3 yrs

Antie Leung

TITLE
Head of Human Resources

Maggie Cheung

TITLE
Company Secretary
TENURE
3.6 yrs

Pauline Wong

TITLE
Senior Advisor
COMPENSATION
HK$2M
AGE
69

Alex Lui

TITLE
Senior Advisor of Urban Design & Architectural Services
AGE
74

Peter Lee

TITLE
Adviser to the Board
TENURE
9.6 yrs
Board of Directors Tenure

Average tenure and age of the Hysan Development board of directors in years:

9.3
Average Tenure
64
Average Age
  • The tenure for the Hysan Development board of directors is about average.
Board of Directors

Irene Lee

TITLE
Executive Chairman of the Board
COMPENSATION
HK$24M
AGE
64
TENURE
8 yrs

Philip Fan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$420K
AGE
69
TENURE
9.3 yrs

Joseph Poon

TITLE
Independent Non-Executive Director
COMPENSATION
HK$465K
AGE
63
TENURE
9.3 yrs

Hans Michael Jebsen

TITLE
Non-Executive Director
COMPENSATION
HK$270K
AGE
62
TENURE
25.3 yrs

Chien Lee

TITLE
Non-Executive Director
COMPENSATION
HK$290K
AGE
65
TENURE
31.3 yrs

Michael Lee

TITLE
Non-Executive Director
COMPENSATION
HK$280K
AGE
57
TENURE
9.3 yrs

Anthony Lee

TITLE
Non-Executive Director
COMPENSATION
HK$310K
AGE
61
TENURE
25.3 yrs

Frederick Peter Churchouse

TITLE
Independent Non-Executive Director
COMPENSATION
HK$310K
AGE
68
TENURE
6.4 yrs

Lawrence Lau

TITLE
Independent Non-Executive Director
COMPENSATION
HK$260K
AGE
74
TENURE
4.4 yrs

Jennifer Li

TITLE
Advisor to the Board
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Hysan Development's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hysan Development has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HYSN.Y News

Simply Wall St News

HYSN.Y Company Info

Description

Hysan Development Company Limited is a leading property investment, management and development company in Hong Kong with an investment property portfolio of over 4 million square feet of high quality office, retail and residential space. With roots in the district since the 1920s, Hysan is one of the largest commercial landlords in Causeway Bay. http://www.hysan.com.hk.

Details
Name: Hysan Development Company Limited
HYSN.Y
Exchange: OTCPK
Founded:
HK$5,619,474,979
1,046,524,891
Website: http://www.hysan.com.hk
Address: Hysan Development Company Limited
Lee Garden One,
33 Hysan Avenue,
Wan Chai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 14 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
OTCPK HYSN.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB HYN Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
SHSC 14 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 02. Jan 1992
SZSC 14 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 02. Jan 1992
OTCPK HYSN.Y SPONSORED ADR Pink Sheets LLC US USD 30. Oct 1992
Number of employees
Current staff
Staff numbers
485
Hysan Development employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 03:53
End of day share price update: 2019/05/16 00:00
Last estimates confirmation: 2019/05/20
Last earnings filing: 2019/03/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.