SUN HUNG KAI PROPERTIES LIMITED Financials Sun Hung Kai Properties Limited Hong Kong S.E.
Equities
80016
HK0016000132
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 93.05 CNY | -0.48% |
|
-.--% | -.--% |
| Jun. 19 | Sun Hung Kai Properties Launches Sale of 160 Apartment Spaces | MT |
| Jun. 12 | Sun Hung Kai Properties Offers Flats for 15% Less Prices | MT |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 383,934 | 286,735 | 335,273 | 268,624 | 286,011 | 182,038 | - | - |
| Enterprise Value (EV) 1 | 456,902 | 367,636 | 430,315 | 373,232 | 395,784 | 299,364 | 299,177 | 296,067 |
| P/E ratio | 8.55 x | 12.2 x | 12.6 x | 10.5 x | 12 x | 8.33 x | 7.69 x | 6.88 x |
| Yield | 3.74% | 5% | 4.28% | 5.34% | 5.02% | 5.9% | 6.39% | 6.82% |
| Capitalization / Revenue | 4.5 x | 3.47 x | 3.93 x | 3.46 x | 4.02 x | 2.38 x | 2.15 x | 2.03 x |
| EV / Revenue | 5.36 x | 4.45 x | 5.05 x | 4.8 x | 5.56 x | 3.91 x | 3.54 x | 3.31 x |
| EV / EBITDA | 11.4 x | 9.47 x | 10.6 x | 10.1 x | 12.7 x | 9.26 x | 8.66 x | 8.04 x |
| EV / FCF | 63.5 x | -263 x | 79.2 x | 135 x | 37.5 x | 16.8 x | 14.1 x | 10.6 x |
| FCF Yield | 1.57% | -0.38% | 1.26% | 0.74% | 2.66% | 5.97% | 7.08% | 9.39% |
| Price to Book | 0.68 x | 0.5 x | 0.56 x | 0.45 x | 0.47 x | 0.31 x | 0.3 x | 0.3 x |
| Nbr of stocks (in thousands) | 2,897,616 | 2,897,780 | 2,897,780 | 2,897,780 | 2,897,780 | 2,737,417 | - | - |
| Reference price 2 | 132.5 | 98.95 | 115.7 | 92.70 | 98.70 | 66.50 | 66.50 | 66.50 |
| Announcement Date | 9/12/19 | 9/10/20 | 9/9/21 | 9/8/22 | 9/7/23 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 85,302 | 82,653 | 85,262 | 77,747 | 71,195 | 76,598 | 84,589 | 89,496 |
| EBITDA 1 | 40,019 | 38,836 | 40,726 | 36,981 | 31,169 | 32,342 | 34,542 | 36,840 |
| EBIT 1 | 37,858 | 35,455 | 37,245 | 33,362 | 27,545 | 28,103 | 30,594 | 32,934 |
| Operating Margin | 44.38% | 42.9% | 43.68% | 42.91% | 38.69% | 36.69% | 36.17% | 36.8% |
| Earnings before Tax (EBT) 1 | 54,483 | 30,511 | 36,676 | 31,786 | 28,522 | 28,895 | 31,279 | 35,059 |
| Net income 1 | 44,912 | 23,521 | 26,686 | 25,560 | 23,907 | 23,125 | 25,005 | 28,053 |
| Net margin | 52.65% | 28.46% | 31.3% | 32.88% | 33.58% | 30.19% | 29.56% | 31.35% |
| EPS 2 | 15.50 | 8.120 | 9.210 | 8.820 | 8.250 | 7.980 | 8.647 | 9.671 |
| Free Cash Flow 1 | 7,195 | -1,396 | 5,433 | 2,773 | 10,543 | 17,868 | 21,196 | 27,808 |
| FCF margin | 8.43% | -1.69% | 6.37% | 3.57% | 14.81% | 23.33% | 25.06% | 31.07% |
| FCF Conversion (EBITDA) | 17.98% | - | 13.34% | 7.5% | 33.83% | 55.25% | 61.36% | 75.48% |
| FCF Conversion (Net income) | 16.02% | - | 20.36% | 10.85% | 44.1% | 77.27% | 84.76% | 99.13% |
| Dividend per Share 2 | 4.950 | 4.950 | 4.950 | 4.950 | 4.950 | 3.924 | 4.249 | 4.532 |
| Announcement Date | 9/12/19 | 9/10/20 | 9/9/21 | 9/8/22 | 9/7/23 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 38,711 | 43,942 | 46,070 | 39,192 | 40,153 | 37,594 | 27,428 | 43,767 | 27,542 | 49,537 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 16,222 | 16,907 | 16,455 | 10,859 | 16,686 | 10,953 | 15,896 |
| Operating Margin | - | - | - | 41.39% | 42.11% | 43.77% | 39.59% | 38.12% | 39.77% | 32.09% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | - | - | 10,958 | 15,141 |
| Net income 1 | - | - | - | - | - | - | - | - | 9,145 | 12,424 |
| Net margin | - | - | - | - | - | - | - | - | 33.2% | 25.08% |
| EPS 2 | 4.630 | 3.490 | 4.690 | 4.520 | 5.240 | 3.580 | 2.900 | 8.350 | 3.160 | 4.400 |
| Dividend per Share 2 | - | - | - | - | - | - | 1.250 | - | 0.9500 | 2.750 |
| Announcement Date | 2/27/20 | 9/10/20 | 2/25/21 | 9/9/21 | 2/24/22 | 9/8/22 | 2/23/23 | 9/7/23 | 2/28/24 | - |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 72,968 | 80,901 | 95,042 | 104,608 | 109,773 | 117,326 | 117,138 | 114,029 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.823 x | 2.083 x | 2.334 x | 2.829 x | 3.522 x | 3.628 x | 3.391 x | 3.095 x |
| Free Cash Flow 1 | 7,195 | -1,396 | 5,433 | 2,773 | 10,543 | 17,868 | 21,196 | 27,808 |
| ROE (net income / shareholders' equity) | 5.86% | 5.16% | 5.13% | 4.81% | 3.97% | 3.82% | 4.04% | 4.35% |
| ROA (Net income/ Total Assets) | 4.42% | 3.79% | 3.75% | 3.58% | 2.96% | 2.9% | 3.01% | 3.25% |
| Assets 1 | 1,016,569 | 620,296 | 712,082 | 713,528 | 806,851 | 797,939 | 831,946 | 862,626 |
| Book Value Per Share 2 | 195.0 | 197.0 | 205.0 | 208.0 | 208.0 | 214.0 | 219.0 | 224.0 |
| Cash Flow per Share 2 | 6.820 | 16.50 | 5.400 | 5.310 | 9.030 | 8.270 | 10.80 | 12.40 |
| Capex 1 | 12,560 | 49,264 | 10,223 | 12,619 | 15,634 | 15,956 | 15,336 | 15,228 |
| Capex / Sales | 14.72% | 59.6% | 11.99% | 16.23% | 21.96% | 20.83% | 18.13% | 17.02% |
| Announcement Date | 9/12/19 | 9/10/20 | 9/9/21 | 9/8/22 | 9/7/23 | - | - | - |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
66.5
HKD
Average target price
91.24
HKD
Spread / Average Target
+37.21%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +32.17% | 26.5B | |
| -1.96% | 25.06B | |
| +14.65% | 24.69B | |
| +35.43% | 20.67B | |
| +1.01% | 19.25B | |
| -1.16% | 19.05B | |
| +49.86% | 18.28B | |
| +20.17% | 14.84B | |
| -11.11% | 14.36B |
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- Financials Sun Hung Kai Properties Limited
