OTCPK:HYSN.Y

Stock Analysis Report

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Executive Summary

Hysan is a leading property investment, management and development company in Hong Kong, with a portfolio of more than 4 million square feet of high-quality office, retail and residential properties.

Rewards


Snowflake Analysis

Share Price & News

How has Hysan Development's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HYSN.Y's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.6%

HYSN.Y

6.2%

US Real Estate

2.8%

US Market


1 Year Return

n/a

HYSN.Y

-18.6%

US Real Estate

9.3%

US Market

Return vs Industry: Insufficient data to determine how HYSN.Y performed against the US Real Estate industry.

Return vs Market: Insufficient data to determine how HYSN.Y performed against the US Market.


Shareholder returns

HYSN.YIndustryMarket
7 Day-2.6%6.2%2.8%
30 Day-12.1%7.9%8.9%
90 Day-23.1%-28.5%-0.5%
1 Yearn/a-18.0%-18.6%11.8%9.3%
3 Year-34.7%-41.8%-21.0%-22.8%31.4%22.7%
5 Year-22.5%-35.8%-26.3%-28.5%58.7%40.9%

Price Volatility Vs. Market

How volatile is Hysan Development's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Hysan Development undervalued compared to its fair value and its price relative to the market?

4.74x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HYSN.Y ($5.65) is trading above our estimate of fair value ($4.63)

Significantly Below Fair Value: HYSN.Y is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HYSN.Y is good value based on its PE Ratio (4.7x) compared to the Real Estate industry average (14.8x).

PE vs Market: HYSN.Y is good value based on its PE Ratio (4.7x) compared to the US market (15.7x).


Price to Earnings Growth Ratio

PEG Ratio: HYSN.Y's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: HYSN.Y is good value based on its PB Ratio (0.3x) compared to the US Real Estate industry average (1.1x).

Future Growth

How is Hysan Development forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

-23.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HYSN.Y's earnings are forecast to decline over the next 3 years (-23.6% per year).

Earnings vs Market: HYSN.Y's earnings are forecast to decline over the next 3 years (-23.6% per year).

High Growth Earnings: HYSN.Y's earnings are forecast to decline over the next 3 years.

Revenue vs Market: HYSN.Y's revenue is expected to decline over the next 3 years (-15.1% per year).

High Growth Revenue: HYSN.Y's revenue is forecast to decline over the next 3 years (-15.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HYSN.Y's Return on Equity is forecast to be low in 3 years time (3.3%).

Past Performance

How has Hysan Development performed over the past 5 years?

14.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HYSN.Y has high quality earnings.

Growing Profit Margin: HYSN.Y's current net profit margins (84.7%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: HYSN.Y's earnings have grown by 14.5% per year over the past 5 years.

Accelerating Growth: HYSN.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HYSN.Y had negative earnings growth (-19.7%) over the past year, making it difficult to compare to the Real Estate industry average (-6.4%).


Return on Equity

High ROE: HYSN.Y's Return on Equity (6.3%) is considered low.

Financial Health

How is Hysan Development's financial position?


Financial Position Analysis

Short Term Liabilities: HYSN.Y's short term assets (HK$9.6B) exceed its short term liabilities (HK$2.5B).

Long Term Liabilities: HYSN.Y's short term assets (HK$9.6B) do not cover its long term liabilities (HK$13.6B).


Debt to Equity History and Analysis

Debt Level: HYSN.Y's debt to equity ratio (15.8%) is considered satisfactory.

Reducing Debt: HYSN.Y's debt to equity ratio has increased from 9.2% to 15.8% over the past 5 years.

Debt Coverage: HYSN.Y's debt is well covered by operating cash flow (25%).

Interest Coverage: HYSN.Y's interest payments on its debt are well covered by EBIT (34.4x coverage).


Balance Sheet

Dividend

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

6.56%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HYSN.Y's dividend (6.56%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: HYSN.Y's dividend (6.56%) is in the top 25% of dividend payers in the US market (4.55%)


Stability and Growth of Payments

Stable Dividend: HYSN.Y's dividends per share have been stable in the past 10 years.

Growing Dividend: HYSN.Y's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.1%), HYSN.Y's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HYSN.Y's dividends in 3 years are forecast to be covered by earnings (56.9% payout ratio).

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average management tenure


CEO

Hysan Development has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Yun-Lien Lee
Executive Chairman of the Board9.08yrsHK$24.98m0.034% HK$1.0m
Shu Yan Hao
Chief Financial Officer10.75yrsno datano data
Kon Wai Lui
Chief Operating Officer3.5yrsno datano data
Catherine Ng
Head of Corporate Communicationsno datano datano data
Tze Lam
Director of Marketing & Customer Experience2.42yrsno datano data
Antie Leung
Head of Human Resourcesno datano datano data
Ka Cheung
Company Secretary4.67yrsno datano data
Mark Tung
Assistant General Manager of Corporate Communicationsno datano datano data
Wah Ling Yu Wong
Senior Advisorno dataHK$1.89mno data
Chun Lui
Senior Advisor of Urban Design & Architectural Servicesno datano datano data

4.1yrs

Average Tenure

59.5yo

Average Age

Experienced Management: HYSN.Y's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yun-Lien Lee
Executive Chairman of the Board9.08yrsHK$24.98m0.034% HK$1.0m
Hans Michael Jebsen
Non-Executive Director26.42yrsHK$268.00k0.24% HK$7.1m
Tze Hau Lee
Non-Executive Director10.42yrsHK$311.00kno data
Hsien Pin Lee
Non-Executive Director26.42yrsHK$360.00kno data
Yan Hok Fan
Independent Non-Executive Director10.42yrsHK$455.00kno data
Chung Yin Poon
Independent Non-Executive Director10.42yrsHK$498.00kno data
Chien Lee
Non-Executive Director32.42yrsHK$293.00k0.086% HK$2.6m
Frederick Peter Churchouse
Independent Non-Executive Director7.5yrsHK$360.00kno data
Xinzhe Li
Advisor to the Boardno datano datano data
Ching Ying Wong
Independent Non-Executive Director1.5yrsHK$268.00kno data

10.4yrs

Average Tenure

64yo

Average Age

Experienced Board: HYSN.Y's board of directors are seasoned and experienced ( 10.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Hysan Development Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hysan Development Company Limited
  • Ticker: HYSN.Y
  • Exchange: OTCPK
  • Founded:
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: HK$22.922b
  • Listing Market Cap: HK$2.957b
  • Shares outstanding: 1.04b
  • Website: https://www.hysan.com.hk

Number of Employees


Location

  • Hysan Development Company Limited
  • Lee Garden One
  • 33 Hysan Avenue
  • Wan Chai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HYSN.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
HYNDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
14SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992
14SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1992
14SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1992
HYSN.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDOct 1992

Biography

Hysan is a leading property investment, management and development company in Hong Kong, with a portfolio of more than 4 million square feet of high-quality office, retail and residential properties. Operating primarily in the city’s prime retail/office district of Causeway Bay, we are focused on delighting our customers and providing investors with outstanding returns. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 03:27
End of Day Share Price2020/06/01 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.