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Sun Hung Kai Properties Ltd
HKEX:16

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Sun Hung Kai Properties Ltd Logo
Sun Hung Kai Properties Ltd
HKEX:16
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Price: 75.45 HKD -0.79% Market Closed
Updated: Mar 28, 2024

Intrinsic Value

Sun Hung Kai Properties Ltd. is an investment holding company. [ Read More ]

The intrinsic value of one Sun Hung Kai Properties Ltd stock under the Base Case scenario is 112.64 HKD. Compared to the current market price of 75.45 HKD, Sun Hung Kai Properties Ltd is Undervalued by 33%.

Key Points:
Intrinsic Value
Base Case
112.64 HKD
Undervaluation 33%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Sun Hung Kai Properties Ltd

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Fundamental Analysis

Sun Hung Kai Properties FY 2023 Results
2023-Q4 Earnings Call

Sun Hung Kai Properties FY 2023 Results

Sun Hung Kai Properties' FY 2023 results depict a company navigating economic headwinds with resilience, exemplified by a diversified portfolio and prudent financial management. The underlying profit decreased by 17%, with Hong Kong property sales declining 27%, leading to a 43% drop in development profit, amidst a general profit downturn across segments. Nonetheless, Mainland China operations surged, including a stark 178% increase in property development profit to HKD 2.6 billion. The hotel business rebounded from a loss to a profit of HKD 161 million. Rent and other business income remained largely stable, with modest adjustments. The full-year dividend is maintained at HKD 4.95 per share. LEED Gold or Platinum certification is being pursued for major properties under development, reflecting strong commitment to sustainability and ESG initiatives. Looking forward, Sun Hung Kai is set to strengthen its recurring income and continue pursuing growth with cautious optimism.

Financials

Balance Sheet Decomposition
Sun Hung Kai Properties Ltd

Current Assets 244.7B
Cash & Short-Term Investments 8.7B
Receivables 15.8B
Other Current Assets 220.3B
Non-Current Assets 571.4B
Long-Term Investments 514B
PP&E 49B
Intangibles 4.7B
Other Non-Current Assets 3.7B
Current Liabilities 65.1B
Accounts Payable 31.7B
Other Current Liabilities 33.4B
Non-Current Liabilities 148.7B
Long-Term Debt 115.4B
Other Non-Current Liabilities 33.3B
Efficiency

Earnings Waterfall
Sun Hung Kai Properties Ltd

Revenue
71.3B HKD
Cost of Revenue
-37.1B HKD
Gross Profit
34.2B HKD
Operating Expenses
-6.6B HKD
Operating Income
27.6B HKD
Other Expenses
-3B HKD
Net Income
24.6B HKD

Free Cash Flow Analysis
Sun Hung Kai Properties Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
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Fundamental Scores

Profitability Score
Profitability Due Diligence

Sun Hung Kai Properties Ltd's profitability score is 57/100. The higher the profitability score, the more profitable the company is.

57/100
Profitability
Score

Sun Hung Kai Properties Ltd's profitability score is 57/100. The higher the profitability score, the more profitable the company is.

Solvency Score
Solvency Due Diligence

Sun Hung Kai Properties Ltd's solvency score is 55/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Short-Term Solvency
Low D/E
Average Altman Z-Score
55/100
Solvency
Score

Sun Hung Kai Properties Ltd's solvency score is 55/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

Price Targets Summary
Sun Hung Kai Properties Ltd

Wall Street analysts forecast Sun Hung Kai Properties Ltd stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for Sun Hung Kai Properties Ltd is 93.87 HKD with a low forecast of 71.21 HKD and a high forecast of 117.18 HKD.

Lowest
Price Target
71.21 HKD
6% Downside
Average
Price Target
93.87 HKD
24% Upside
Highest
Price Target
117.18 HKD
55% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

Price
Sun Hung Kai Properties Ltd

1M 1M
-3%
6M 6M
-6%
1Y 1Y
-31%
3Y 3Y
-28%
5Y 5Y
-31%
10Y 10Y
+17%
Annual Price Range
75.45
52w Low
71.15
52w High
110.6
Price Metrics
Average Annual Return 0.28%
Standard Deviation of Annual Returns 14.78%
Max Drawdown -39%
Shares Statistics
Market Capitalization 218.6B HKD
Shares Outstanding 2 898 000 000
Percentage of Shares Shorted
N/A

Return Decomposition
Main factors of price return

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Company Profile

Sun Hung Kai Properties Ltd Logo
Sun Hung Kai Properties Ltd

Country

Hong Kong

Industry

Real Estate

Market Cap

218.6B HKD

Dividend Yield

6.16%

Description

Sun Hung Kai Properties Ltd. is an investment holding company. The company employs 38,500 full-time employees Along with subsidiaries, the Company operates its business through six segments: the Property Sales segment, the Property Rental segment, the Telecommunications segment, the Hotel Operation segment, the Transport Infrastructure and Logistics segment, and the Other Businesses segment. The Property sales and Property rental segments operate in Hong Kong, Mainland China and Singapore. The Telecommunications segment is involved in the provision of mobile telephone services, and data centers and information technology (IT) infrastructure business. The Transport Infrastructure and Logistics segment is involved in transport infrastructure operation and management, port business, air transport and logistics business, and the operation of department stores and supermarkets through YATA Limited.

Contact

45th Floor, Sun Hung Kai Centre, 30 Harbour Road
+85228278111.0
https://www.shkp.com

IPO

1972-09-08

Employees

38 500

Officers

Chairman & MD
Mr. Ping-Luen Kwok Hon DBA, Hon LLD, J.P., M.A., M.B.A., MA (Cantab)
Deputy MD & Executive Director
Mr. Chik-wing Wong FHKIS, J.P., M.Sc., MSc(IRE), RPS (BS)
Executive Director
Mr. Tak-Yeung Lau

See Also

Discover More
What is the Intrinsic Value of one Sun Hung Kai Properties Ltd stock?

The intrinsic value of one Sun Hung Kai Properties Ltd stock under the Base Case scenario is 112.64 HKD.

Is Sun Hung Kai Properties Ltd stock undervalued or overvalued?

Compared to the current market price of 75.45 HKD, Sun Hung Kai Properties Ltd is Undervalued by 33%.