Swire Properties Ltd 01972

Morningstar Rating
HK$24.04 −0.32 (1.31%)
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Company Report

Swire Properties Is Expanding Its Presence in China

Swire Properties has over 50 years of history in Hong Kong, and it has been characterized by patience and transformation. The company's modus operandi is to acquire assets in less-than-prime areas. Over a span of several decades, the company gradually builds, manages, upgrades, expands, and eventually transforms the entire area.

Price vs Fair Value

01972 is trading at a LOCK|%sKP premium.
Price
HK$24.04
Fair Value
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Uncertainty
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1-Star Price
LOCK|.<RB
5-Star Price
LOCK|.%
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Rental rates in Pacific Place and Taikoo Place offices will recover faster as their locations continue to attract tenants.

Bears

Hong Kong will not recover its international financial status, leading to weaker demand for office property by multinational companies.

Trading Information

Previous Close Price
HK$24.36
Day Range
HK$23.90–24.58
52-Week Range
HK$19.90–27.18
Bid/Ask
HK$24.04 / HK$24.06
Shares Outstanding
5.76B
Market Cap
HK$138.41B
Volume/Avg
2M / 2M

Key Statistics

Price/Earnings (Normalized)
44.52
Price/Sales
8.38
Dividend Yield (Trailing)
4.87%
Dividend Yield (Forward)
4.87%
Dividend Payment Schedule
May, Oct
Total Yield
4.87%

Company Profile

Swire Properties is a Hong Kong-based property investor and Hong Kong's leading office landlord. Its Hong Kong portfolio provides more than 13 million square feet of gross floor area, with its portfolio of grade A office contributing over 9 million square feet. The firm also holds investment properties and development projects in China, the United States, and Southeast Asia. Rental income accounts for more than 60% of its total revenue, with property development and hotel operations contributing the balance. The company was listed in 2012. Parent company Swire Pacific holds an 83% stake.
Sector
Real Estate
Industry
Real Estate Services
Stock Style Box
Large Value
Total Number of Employees
5,800

Competitors

Valuation

Metric
01972
01997
00823
Price/Earnings (Normalized)
44.5263.6418.47
Price/Book Value
0.520.520.64
Price/Sales
8.387.276.91
Price/Cash Flow
17.9413.4014.43
Price/Earnings
01972
01997
00823

Financial Strength

Metric
01972
01997
00823
Quick Ratio
0.580.190.26
Current Ratio
1.190.240.37
Interest Coverage
4.900.26−2.42
Quick Ratio
01972
01997
00823

Profitability

Metric
01972
01997
00823
Return on Assets (Normalized)
2.11%2.89%−3.46%
Return on Equity (Normalized)
2.77%3.65%−4.95%
Return on Invested Capital (Normalized)
2.51%3.54%−2.90%
Return on Assets
01972
01997
00823

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