SUN HUNG KAI PROPERTIES LIMITED Financials Sun Hung Kai Properties Limited OTC Markets
Equities
SUHJY
US86676H3021
Real Estate Development & Operations
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10.06 USD | -0.89% |
|
-1.76% | -6.85% |
| May. 22 | Sun Hung Kai Properties Lends HK$23 Billion Through Credit Facility | MT |
| May. 13 | Hong Kong's Second-Hand Home Sales Slump to Lowest Since Lunar New Year | 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 | 216,940 | - | - |
| Enterprise Value (EV) 1 | 456,902 | 367,636 | 430,315 | 373,232 | 395,784 | 335,458 | 333,769 | 335,372 |
| P/E ratio | 8.55 x | 12.2 x | 12.6 x | 10.5 x | 12 x | 9.85 x | 9.1 x | 8.1 x |
| Yield | 3.74% | 5% | 4.28% | 5.34% | 5.02% | 5% | 5.19% | 5.75% |
| Capitalization / Revenue | 4.5 x | 3.47 x | 3.93 x | 3.46 x | 4.02 x | 2.82 x | 2.57 x | 2.41 x |
| EV / Revenue | 5.36 x | 4.45 x | 5.05 x | 4.8 x | 5.56 x | 4.36 x | 3.96 x | 3.72 x |
| EV / EBITDA | 11.4 x | 9.47 x | 10.6 x | 10.1 x | 12.7 x | 10.3 x | 9.61 x | 9.08 x |
| EV / FCF | 63.5 x | -263 x | 79.2 x | 135 x | 37.5 x | 15.6 x | 14.6 x | 13.9 x |
| FCF Yield | 1.57% | -0.38% | 1.26% | 0.74% | 2.66% | 6.4% | 6.86% | 7.19% |
| Price to Book | 0.68 x | 0.5 x | 0.56 x | 0.45 x | 0.47 x | 0.37 x | 0.37 x | 0.36 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 | 79.25 | 79.25 | 79.25 |
| 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 | 76,911 | 84,281 | 90,203 |
| EBITDA 1 | 40,019 | 38,836 | 40,726 | 36,981 | 31,169 | 32,457 | 34,717 | 36,952 |
| EBIT 1 | 37,858 | 35,455 | 37,245 | 33,362 | 27,545 | 28,322 | 30,772 | 33,116 |
| Operating Margin | 44.38% | 42.9% | 43.68% | 42.91% | 38.69% | 36.82% | 36.51% | 36.71% |
| Earnings before Tax (EBT) 1 | 54,483 | 30,511 | 36,676 | 31,786 | 28,522 | 29,456 | 31,509 | 35,458 |
| Net income 1 | 44,912 | 23,521 | 26,686 | 25,560 | 23,907 | 23,350 | 25,205 | 28,419 |
| Net margin | 52.65% | 28.46% | 31.3% | 32.88% | 33.58% | 30.36% | 29.91% | 31.51% |
| EPS 2 | 15.50 | 8.120 | 9.210 | 8.820 | 8.250 | 8.045 | 8.706 | 9.787 |
| Free Cash Flow 1 | 7,195 | -1,396 | 5,433 | 2,773 | 10,543 | 21,465 | 22,904 | 24,112 |
| FCF margin | 8.43% | -1.69% | 6.37% | 3.57% | 14.81% | 27.91% | 27.18% | 26.73% |
| FCF Conversion (EBITDA) | 17.98% | - | 13.34% | 7.5% | 33.83% | 66.13% | 65.97% | 65.25% |
| FCF Conversion (Net income) | 16.02% | - | 20.36% | 10.85% | 44.1% | 91.93% | 90.87% | 84.84% |
| Dividend per Share 2 | 4.950 | 4.950 | 4.950 | 4.950 | 4.950 | 3.962 | 4.115 | 4.555 |
| 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 | 50,408 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 16,222 | 16,907 | 16,455 | 10,859 | 16,686 | 10,953 | 16,277 |
| Operating Margin | - | - | - | 41.39% | 42.11% | 43.77% | 39.59% | 38.12% | 39.77% | 32.29% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | 10,958 | - |
| Net income | - | - | - | - | - | - | - | - | 9,145 | - |
| Net margin | - | - | - | - | - | - | - | - | 33.2% | - |
| EPS 2 | 4.630 | 3.490 | 4.690 | 4.520 | 5.240 | 3.580 | 2.900 | 8.350 | 3.160 | 4.520 |
| Dividend per Share 2 | - | - | - | - | - | - | 1.250 | - | - | 2.850 |
| 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 | 118,518 | 116,829 | 118,432 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.823 x | 2.083 x | 2.334 x | 2.829 x | 3.522 x | 3.651 x | 3.365 x | 3.205 x |
| Free Cash Flow 1 | 7,195 | -1,396 | 5,433 | 2,773 | 10,543 | 21,465 | 22,904 | 24,112 |
| ROE (net income / shareholders' equity) | 5.86% | 5.16% | 5.13% | 4.81% | 3.97% | 3.83% | 4.06% | 4.36% |
| ROA (Net income/ Total Assets) | 4.42% | 3.79% | 3.75% | 3.58% | 2.96% | 2.91% | 3% | 3.25% |
| Assets 1 | 1,016,569 | 620,296 | 712,082 | 713,528 | 806,851 | 802,574 | 839,925 | 873,924 |
| Book Value Per Share 2 | 195.0 | 197.0 | 205.0 | 208.0 | 208.0 | 212.0 | 217.0 | 222.0 |
| 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% | 20.75% | 18.2% | 16.88% |
| 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
OUTPERFORM
Number of Analysts
15
Last Close Price
79.65
HKD
Average target price
91.18
HKD
Spread / Average Target
+14.47%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +12.86% | 29.5B | |
| +22.93% | 25.35B | |
| +16.61% | 25.19B | |
| +16.42% | 22.63B | |
| +32.45% | 21.24B | |
| +0.38% | 19.35B | |
| +10.20% | 18.49B | |
| +8.73% | 16.62B | |
| -11.86% | 15.74B |
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- SUHJY Stock
- Financials Sun Hung Kai Properties Limited
