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Kerry Properties

OTCPK:KRYP.F
Snowflake Description

6 star dividend payer with excellent balance sheet.

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

Kerry Properties Limited, an investment holding company, engages in development, investment, management, and trading of properties in Hong Kong, the People’s Republic of China, and the Asia Pacific region. The last earnings update was 42 days ago. More info.


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KRYP.F Share Price and Events
7 Day Returns
0%
OTCPK:KRYP.F
-2.2%
US Real Estate
-2.1%
US Market
1 Year Returns
-
OTCPK:KRYP.F
-17.2%
US Real Estate
1.3%
US Market
KRYP.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kerry Properties (KRYP.F) 0% 0% - - 79.7% 33.6%
US Real Estate -2.2% -9.8% -12.3% -17.2% 13.7% -0.3%
US Market -2.1% -4.2% 0% 1.3% 33.5% 38%
1 Year Return vs Industry and Market
  • No trading data on KRYP.F.
  • No trading data on KRYP.F.
Price Volatility
KRYP.F
Industry
5yr Volatility vs Market

Value

 Is Kerry Properties 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 Kerry Properties 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 Kerry Properties.

OTCPK:KRYP.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.8%
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:KRYP.F
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))
= 1.106 (1 + (1- 25%) (80.59%))
1.519
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.52
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.519 * 6.65%)
12.83%

Discounted Cash Flow Calculation for OTCPK:KRYP.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kerry Properties 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:KRYP.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 12.83%)
2019 6,668.67 Analyst x3 5,910.18
2020 6,746.67 Analyst x3 5,299.22
2021 8,650.00 Analyst x1 6,021.44
2022 7,350.73 Est @ -15.02% 4,534.99
2023 6,638.05 Est @ -9.7% 3,629.51
2024 6,241.91 Est @ -5.97% 3,024.73
2025 6,032.28 Est @ -3.36% 2,590.67
2026 5,939.87 Est @ -1.53% 2,260.83
2027 5,924.82 Est @ -0.25% 1,998.61
2028 5,962.84 Est @ 0.64% 1,782.66
Present value of next 10 years cash flows HK$37,052.83
OTCPK:KRYP.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$5,962.84 × (1 + 2.73%) ÷ (12.83% – 2.73%)
HK$60,627.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$60,627.97 ÷ (1 + 12.83%)10
HK$18,125.39
OTCPK:KRYP.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$37,052.83 + HK$18,125.39
HK$55,178.22
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$55,178.22 / 1,455.46
HK$37.91
OTCPK:KRYP.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:KRYP.F represents 0.14385x of SEHK:683
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.14385x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 37.91 x 0.14385
$5.45
Value per share (USD) From above. $5.45
Current discount Discount to share price of $4.33
= -1 x ($4.33 - $5.45) / $5.45
20.6%

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

Current Discount
Amount off the current price Kerry Properties is available for.
Intrinsic value
21%
Share price is $4.33 vs Future cash flow value of $5.45
Current Discount Checks
For Kerry Properties to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kerry Properties's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Kerry Properties's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Kerry Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kerry Properties's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:KRYP.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$5.16
SEHK:683 Share Price ** SEHK (2019-04-18) in HKD HK$30.1
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 14.91x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.36x

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

** Primary Listing of Kerry Properties.

OTCPK:KRYP.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:683 Share Price ÷ EPS (both in HKD)

= 30.1 ÷ 5.16

5.83x

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

  • Kerry Properties is good value based on earnings compared to the US Real Estate industry average.
  • Kerry Properties is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Kerry Properties's expected growth come at a high price?
Raw Data
OTCPK:KRYP.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
-6.1%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.43x
United States of America Market PEG Ratio Median Figure of 2,120 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

OTCPK:KRYP.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.83x ÷ -6.1%

-0.95x

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

  • Kerry Properties 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 Kerry Properties's assets?
Raw Data
OTCPK:KRYP.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$67.03
SEHK:683 Share Price * SEHK (2019-04-18) in HKD HK$30.1
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.5x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
OTCPK:KRYP.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:683 Share Price ÷ Book Value per Share (both in HKD)

= 30.1 ÷ 67.03

0.45x

* Primary Listing of Kerry Properties.

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

  • Kerry Properties is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Kerry Properties'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. Kerry Properties has a total score of 4/6, 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.

Future Performance

 How is Kerry Properties expected to perform in the next 1 to 3 years based on estimates from 12 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
-6.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kerry Properties expected to grow at an attractive rate?
  • Kerry Properties'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
  • Kerry Properties's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Kerry Properties's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:KRYP.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:KRYP.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts -6.1%
OTCPK:KRYP.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts -1.9%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 4%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
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:KRYP.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:KRYP.F Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 20,686 10,392 6,008 7
2020-12-31 20,160 6,896 5,928 11
2019-12-31 21,569 5,723 5,546 11
OTCPK:KRYP.F Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 21,433 16,022 7,499
2018-09-30 24,900 14,241 8,711
2018-06-30 28,366 12,460 9,923
2018-03-31 31,957 11,772 9,583
2017-12-31 35,548 11,084 9,242
2017-09-30 30,372 7,373 8,524
2017-06-30 25,196 3,662 7,806
2017-03-31 19,093 2,533 7,171
2016-12-31 12,991 1,404 6,537
2016-09-30 12,358 3,573 5,660
2016-06-30 11,726 5,743 4,782
2016-03-31 11,060 4,389 5,156

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kerry Properties's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Kerry Properties's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:KRYP.F 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 12 Analyst Estimates (S&P Global) See Below

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

OTCPK:KRYP.F Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.22 4.87 3.48 7.00
2020-12-31 4.23 5.30 3.43 10.00
2019-12-31 3.85 4.33 3.14 9.00
OTCPK:KRYP.F Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 5.16
2018-09-30 6.01
2018-06-30 6.86
2018-03-31 6.63
2017-12-31 6.40
2017-09-30 5.90
2017-06-30 5.41
2017-03-31 4.97
2016-12-31 4.53
2016-09-30 3.92
2016-06-30 3.31
2016-03-31 3.57

*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.
  • Kerry Properties is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kerry Properties'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.
Kerry Properties 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.

Past Performance

  How has Kerry Properties 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 Kerry Properties'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.
  • Kerry Properties's year on year earnings growth rate has been positive over the past 5 years.
  • Kerry Properties's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Kerry Properties's 1-year earnings growth is negative, it can't be compared to the US Real Estate industry average.
Earnings and Revenue History
Kerry Properties'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 Kerry Properties Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KRYP.F 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 21,433.22 7,499.30 1,140.22
2018-09-30 24,899.72 8,711.14 1,091.85
2018-06-30 28,366.22 9,922.99 1,043.49
2018-03-31 31,957.17 9,582.55 1,020.51
2017-12-31 35,548.12 9,242.12 997.52
2017-09-30 30,371.85 8,523.84 1,087.62
2017-06-30 25,195.57 7,805.56 1,177.73
2017-03-31 19,093.05 7,171.41 1,226.68
2016-12-31 12,990.54 6,537.26 1,275.63
2016-09-30 12,358.42 5,659.68 1,213.22
2016-06-30 11,726.30 4,782.10 1,150.82
2016-03-31 11,059.60 5,156.03 1,110.73
2015-12-31 10,392.90 5,529.96 1,070.64
2015-09-30 11,543.24 6,351.22 1,105.01
2015-06-30 12,693.59 7,172.48 1,139.38
2015-03-31 13,678.66 6,973.06 1,187.86
2014-12-31 14,663.73 6,773.64 1,236.33
2014-09-30 13,537.65 6,034.48 1,343.27
2014-06-30 12,411.57 5,295.33 1,450.21
2014-03-31 13,190.59 6,336.10 1,392.16
2013-12-31 13,969.60 7,376.87 1,334.12
2013-06-30 4,991.87 6,976.88 309.78
2013-03-31 10,105.07 6,434.22 574.05
2012-12-31 15,218.27 5,891.56 838.31
2012-09-30 31,906.82 6,311.63 2,194.21
2012-06-30 29,300.60 5,663.05 2,154.44

*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.
  • Kerry Properties has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kerry Properties used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Kerry Properties has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kerry Properties'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.
Kerry Properties has a total score of 2/6, 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.

Health

 How is Kerry Properties'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 Kerry Properties's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kerry Properties is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kerry Properties's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Kerry Properties'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1x 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 Kerry Properties Company Filings, last reported 4 months ago.

OTCPK:KRYP.F Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 110,941.67 35,305.14 14,752.50
2018-09-30 110,941.67 35,305.14 14,752.50
2018-06-30 111,256.15 32,449.01 13,524.34
2018-03-31 111,256.15 32,449.01 13,524.34
2017-12-31 107,711.81 40,128.06 16,174.06
2017-09-30 107,711.81 40,128.06 16,174.06
2017-06-30 99,117.66 42,781.53 15,365.47
2017-03-31 99,117.66 42,781.53 15,365.47
2016-12-31 95,218.37 48,073.93 17,368.46
2016-09-30 95,218.37 48,073.93 17,368.46
2016-06-30 94,806.20 41,484.20 15,490.03
2016-03-31 94,806.20 41,484.20 15,490.03
2015-12-31 94,162.25 39,567.59 11,262.61
2015-09-30 94,162.25 39,567.59 11,262.61
2015-06-30 95,456.79 38,559.92 11,151.59
2015-03-31 95,456.79 38,559.92 11,151.59
2014-12-31 93,414.30 36,584.38 12,050.27
2014-09-30 93,414.30 36,584.38 12,050.27
2014-06-30 89,600.55 37,011.43 10,936.28
2014-03-31 89,600.55 37,011.43 10,936.28
2013-12-31 88,875.41 37,248.11 13,105.18
2013-06-30 91,470.52 41,966.79 12,370.21
2013-03-31 91,470.52 41,966.79 12,370.21
2012-12-31 84,221.77 34,480.81 19,301.07
2012-09-30 84,353.88 34,480.81 19,301.07
2012-06-30 78,101.76 32,427.18 13,417.69
  • Kerry Properties's level of debt (31.8%) 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 (41.9% vs 31.8% today).
  • Debt is well covered by operating cash flow (45.4%, greater than 20% of total debt).
  • Kerry Properties earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Kerry Properties'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. Kerry Properties 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.

Dividends

 What is Kerry Properties'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
4.49%
Current annual income from Kerry Properties dividends. Estimated to be 4.71% next year.
If you bought $2,000 of Kerry Properties shares you are expected to receive $90 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?
  • Kerry Properties's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Kerry Properties's dividend is above the markets top 25% of dividend payers in United States of America (3.76%).
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:KRYP.F 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 12 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 2008 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 3.8%

Industry and Market average data is calculated daily.

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

OTCPK:KRYP.F Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.51 7.00
2020-12-31 1.41 13.00
2019-12-31 1.38 13.00
OTCPK:KRYP.F Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-12 1.350 4.111
2019-03-15 1.350 3.957
2018-08-21 1.300 4.607
2018-03-16 1.350 3.535
2017-04-05 1.100 3.527
2017-03-17 1.100 4.059
2016-04-05 0.900 4.130
2016-03-18 0.900 4.274
2015-03-31 0.900 3.804
2015-03-18 0.900 3.474
2014-03-28 0.900 3.364
2014-03-17 0.900 3.773
2013-03-14 0.950 3.111
2012-08-23 0.870 2.198
2012-03-15 0.870 2.548
2011-08-24 0.920 3.181
2011-03-25 0.870 2.309
2010-08-26 0.750 1.825
2010-03-17 0.700 1.910
2009-08-26 0.700 1.771

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 Kerry Properties's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Kerry Properties'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 Kerry Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kerry Properties has a total score of 6/6, see the detailed checks below.


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

Management

 What is the CEO of Kerry Properties'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.
CEO
Siu Kong Wong
COMPENSATION HK$27,080,000
AGE 67
TENURE AS CEO 0.4 years
CEO Bio

Mr. Siu Kong Wong has been Chairman and Chief Executive Officer of Kerry Properties Limited since December 31, 2018. Mr. Wong served as Executive Chairman of Kerry Properties Ltd. since August 22, 2013 until December 31, 2018 and its served as the Chief Executive Officer since March 19, 2008 until February 1, 2018. Mr. Wong serves as the Chairman and Managing Director of Hong Kong Shanghai Development Co. Ltd. He served as the President of Kerry Properties Ltd. from March 19, 2008 to September 21, 2015. He served as the Managing Director of Kerry Properties Limited from August 1, 2003 to March 19, 2008 and as its Joint Managing Director from June 30, 1999 to July 31, 2003. He joined Kuok Group in 1991 with responsibilities for its developments in Shanghai, Shenzhen and Fuzhou in the People's Republic of China(PRC). Mr. Wong serves as Chairman of a number of Kerry's companies in PRC. He served as Deputy Chairman of Kerry Properties Ltd., from August 1, 2003 to March 19, 2008. He has been an Executive Director of Kerry Properties Ltd., since May 9, 1996. He serves as a Director of Kerry Holdings Limited, holding company of Kerry Properties Ltd. He serves as a Director of Kuok (Singapore) Limited, a subsidiary of Kerry Properties Ltd. He serves as a Director of China World Trade Center Co., Ltd. He served as a Director of Kerry Investments (China) Limited, a subsidiary of Kerry Properties Ltd. Mr. Wong graduated from South China Normal University PRC.

CEO Compensation
  • Siu Kong's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Siu Kong's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Kerry Properties management team in years:

11
Average Tenure
56.5
Average Age
  • The average tenure for the Kerry Properties management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Siu Kong Wong

TITLE
Chairman & CEO
COMPENSATION
HK$27M
AGE
67
TENURE
0.4 yrs

Louis Wong

TITLE
CFO & Executive Director
AGE
57
TENURE
12.3 yrs

Bryan Pallop Gaw

TITLE
Executive Director
COMPENSATION
HK$12M
AGE
41

Shut Kan Ho

TITLE
Consultant
COMPENSATION
HK$26M
AGE
67
TENURE
0.4 yrs

Robert Tan

TITLE
Managing Director of South East Asia Logistics Operation
AGE
61

Liz Li

TITLE
Company Secretary
AGE
52
TENURE
13.3 yrs

Sunny Chau

TITLE
GM & Director of Kerry Properties Development Mgmt (Shanghai) Co Ltd
AGE
52
TENURE
20.5 yrs

Edwardo Erni

TITLE
Managing Director of Kerry Eas Logistics Limited
AGE
56

Wilkie Lee

TITLE
General Manager of Kerry Properties (Macau) Limited and Director of Kerry Properties (Macau) Limited
AGE
59

Ellis Cheng

TITLE
Chief Financial Officer of Kerry Logistics Network
AGE
53
TENURE
9.8 yrs
Board of Directors Tenure

Average tenure and age of the Kerry Properties board of directors in years:

6.8
Average Tenure
61
Average Age
  • The tenure for the Kerry Properties board of directors is about average.
Board of Directors

Siu Kong Wong

TITLE
Chairman & CEO
COMPENSATION
HK$27M
AGE
67
TENURE
5.8 yrs

Louis Wong

TITLE
CFO & Executive Director
AGE
57
TENURE
0.4 yrs

Bryan Pallop Gaw

TITLE
Executive Director
COMPENSATION
HK$12M
AGE
41
TENURE
7.3 yrs

Sunny Chau

TITLE
GM & Director of Kerry Properties Development Mgmt (Shanghai) Co Ltd
AGE
52
TENURE
22.9 yrs

Wilkie Lee

TITLE
General Manager of Kerry Properties (Macau) Limited and Director of Kerry Properties (Macau) Limited
AGE
59

Marina Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$600K
AGE
69
TENURE
11 yrs

Moon Lun Ku

TITLE
Independent Non-Executive Director
COMPENSATION
HK$560K
AGE
67
TENURE
12 yrs

Stephen Chang

TITLE
Independent Non-Executive Director
COMPENSATION
HK$560K
AGE
70
TENURE
6.4 yrs

Khoon Hua Kuok

TITLE
Non-Executive Director
COMPENSATION
HK$320K
AGE
39
TENURE
3.9 yrs

Sing Ki Tam

TITLE
Executive Director of Kerry Properties
AGE
63
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 ($) Value ($)
28. Aug 18 Buy Khoon Hua Kuok Individual 24. Aug 18 24. Aug 18 38,000 $3.82 $145,267
05. Sep 18 Sell Bryan Pallop Gaw Individual 31. Aug 18 31. Aug 18 -30,000 $3.85 $-115,589
28. Aug 18 Buy Bryan Pallop Gaw Individual 24. Aug 18 24. Aug 18 38,000 $3.82 $145,267
28. Aug 18 Buy Bryan Pallop Gaw Individual 23. Aug 18 23. Aug 18 300,000 $3.92 $1,174,994
12. Jun 18 Sell Shut Kan Ho Individual 11. Jun 18 11. Jun 18 -20,000 $5.36 $-107,179
04. Jun 18 Sell Shut Kan Ho Individual 04. Jun 18 04. Jun 18 -81,500 $5.27 $-429,162
X
Management checks
We assess Kerry Properties'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. Kerry Properties 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.

News

Simply Wall St News

Company Info

Description

Kerry Properties Limited, an investment holding company, engages in development, investment, management, and trading of properties in Hong Kong, the People’s Republic of China, and the Asia Pacific region. The company also owns and operates hotels; and provides logistics and freight forwarding, consultancy, administrative support, project management, financial, IT system and consultancy, estate agency, and construction services. In addition, it is involved in the warehouse ownership business; and operation of restaurants, recreation park, and ice rink. The company was founded in 1978 and is headquartered in Quarry Bay, Hong Kong. Kerry Properties Limited operates as a subsidiary of Kerry Group Limited.

Details
Name: Kerry Properties Limited
KRYP.F
Exchange: OTCPK
Founded: 1978
HK$5,581,268,150
1,455,461,228
Website: http://www.kerryprops.com
Address: Kerry Properties Limited
Kerry Centre,
25th Floor,
Quarry Bay,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 683 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 06. Aug 1996
OTCPK KRYP.F Ordinary Shares Pink Sheets LLC US USD 06. Aug 1996
DB KR3 Ordinary Shares Deutsche Boerse AG DE EUR 06. Aug 1996
SHSC 683 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 06. Aug 1996
SZSC 683 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 06. Aug 1996
OTCPK KRYP.Y UNSPONSORD ADR Pink Sheets LLC US USD 05. Nov 2008
Number of employees
Current staff
Staff numbers
8,700
Kerry Properties employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 23:59
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/04/12
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.