New World Development Co Ltd 00017

Morningstar Rating
HK$5.82 −0.23 (3.80%)
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Company Report

Price vs Fair Value

00017 is trading at a LOCK|fm% premium.
Price
HK$5.82
Fair Value
sl
Uncertainty
LOCK|>$$
1-Star Price
k.B
5-Star Price
LOCK|K@
Economic Moat
LOCK|xg
Capital Allocation
LOCK|@x

Bulls Say, Bears Say

Bulls

A higher mix of recurring income from investment properties in Hong Kong and mainland China should continue to support NWD's earnings.

Bears

The company's liquidity profile may further deteriorate if debt refinancing negotiations with financial institutions encounter additional setbacks.

Trading Information

Previous Close Price
HK$6.05
Day Range
HK$5.61–6.70
52-Week Range
HK$5.58–11.58
Bid/Ask
HK$0.00 / HK$5.82
Shares Outstanding
2.52B
Market Cap
HK$14.65B
Volume/Avg
34M / 6M

Key Statistics

Price/Earnings (Normalized)
—
Price/Sales
0.79
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
—

Company Profile

New World Development is the listed property arm of Chow Tai Fook, owned by the Cheng family. Chow Tai Fook owns about a 45% stake in NWD, which mainly engages in residential property development and investment properties of retail malls and offices in Hong Kong and mainland China. NWD also develops high-end hotels across Hong Kong, mainland China, and in Southeast Asia. Additionally, NWD holds a 75% interest in New World Department Store China, which operates 24 department stores in mainland China.
Sector
Real Estate
Industry
Real Estate - Diversified
Stock Style Box
Mid Value
Total Number of Employees
9,500

Competitors

Valuation

Metric
00017
01997
00016
Price/Earnings (Normalized)
—63.6413.73
Price/Book Value
0.090.520.50
Price/Sales
0.797.273.34
Price/Cash Flow
4.8713.4011.53
Price/Earnings
00017
01997
00016

Financial Strength

Metric
00017
01997
00016
Quick Ratio
0.570.190.64
Current Ratio
1.720.243.28
Interest Coverage
−1.520.2613.99
Quick Ratio
00017
01997
00016

Profitability

Metric
00017
01997
00016
Return on Assets (Normalized)
−0.83%2.89%—
Return on Equity (Normalized)
−2.06%3.65%—
Return on Invested Capital (Normalized)
0.08%3.54%—
Return on Assets
00017
01997
00016

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