SUN HUNG KAI & CO. LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.4 HKD | +3.00% |
|
+5.26% | -1.64% |
| Mar. 27 | UBS Group to Lease 14-story Office Building in Hong Kong | MT |
| Mar. 22 | Sun Hung Kai's Attributable Loss Narrows as Fair Value, Exchange Losses Decline | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,416 | 6,482 | 8,206 | 5,764 | 4,795 | 4,716 | - | - |
| Enterprise Value (EV) 1 | 18,445 | 15,839 | 14,137 | 15,530 | 13,007 | 1,933 | 283.4 | -1,875 |
| P/E ratio | 3.56 x | 2.55 x | 2.92 x | -3.75 x | -10.1 x | 7.38 x | 2.26 x | 2.1 x |
| Yield | 7.01% | 7.95% | 6.25% | 8.87% | 10.7% | 10.8% | 10.8% | 10.8% |
| Capitalization / Revenue | 1.75 x | 1.57 x | 1.85 x | 1.39 x | 1.2 x | 1.17 x | 1.07 x | 1.03 x |
| EV / Revenue | 4.36 x | 3.83 x | 3.19 x | 3.74 x | 3.25 x | 0.48 x | 0.06 x | -0.41 x |
| EV / EBITDA | 9.75 x | 10.5 x | 4.85 x | 5.61 x | - | 0.69 x | 0.09 x | -0.58 x |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 0.36 x | 0.29 x | 0.33 x | 0.26 x | 0.23 x | 0.19 x | 0.17 x | 0.15 x |
| Nbr of stocks (in thousands) | 1,998,882 | 1,982,394 | 1,972,591 | 1,967,371 | 1,965,168 | 1,965,158 | - | - |
| Reference price 2 | 3.710 | 3.270 | 4.160 | 2.930 | 2.440 | 2.400 | 2.400 | 2.400 |
| Announcement Date | 3/30/20 | 3/18/21 | 3/17/22 | 3/16/23 | 3/21/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,231 | 4,133 | 4,436 | 4,154 | 3,998 | 4,027 | 4,417 | 4,577 |
| EBITDA 1 | 1,892 | 1,514 | 2,914 | 2,769 | - | 2,804 | 3,020 | 3,225 |
| EBIT 1 | 1,759 | 1,364 | 2,740 | 2,590 | 2,531 | 2,569 | 2,764 | 2,948 |
| Operating Margin | 41.58% | 33.01% | 61.78% | 62.36% | 63.29% | 63.79% | 62.57% | 64.4% |
| Earnings before Tax (EBT) 1 | 2,743 | 3,201 | 3,773 | -892.3 | 76.6 | 1,163 | 2,790 | 2,964 |
| Net income 1 | 2,085 | 2,548 | 2,814 | -1,535 | -471.4 | 639 | 2,085 | 2,247 |
| Net margin | 49.28% | 61.65% | 63.43% | -36.95% | -11.79% | 15.87% | 47.2% | 49.09% |
| EPS 2 | 1.042 | 1.280 | 1.425 | -0.7820 | -0.2410 | 0.3250 | 1.062 | 1.146 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.2600 | 0.2600 | 0.2600 | 0.2600 | 0.2600 | 0.2600 | 0.2600 | 0.2600 |
| Announcement Date | 3/30/20 | 3/18/21 | 3/17/22 | 3/16/23 | 3/21/24 | - | - | - |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 11,030 | 9,356 | 5,931 | 9,766 | 8,212 | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 2,784 | 4,433 | 6,592 |
| Leverage (Debt/EBITDA) | 5.831 x | 6.179 x | 2.035 x | 3.527 x | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 10.6% | 11.8% | 11.2% | -6.86% | -1.89% | 2.6% | 7.65% | 7.6% |
| ROA (Net income/ Total Assets) | 5.01% | 5.88% | 5.77% | -3.58% | -1.4% | 1.6% | 4.35% | 4.45% |
| Assets 1 | 41,621 | 43,322 | 48,791 | 42,915 | 33,744 | 39,938 | 47,933 | 50,492 |
| Book Value Per Share 2 | 10.20 | 11.40 | 12.70 | 11.40 | 10.80 | 12.60 | 14.20 | 15.70 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 13.5 | 28.5 | 63 | 58 | - | 88.5 | 94.9 | 127 |
| Capex / Sales | 0.32% | 0.69% | 1.42% | 1.4% | - | 2.2% | 2.15% | 2.78% |
| Announcement Date | 3/30/20 | 3/18/21 | 3/17/22 | 3/16/23 | 3/21/24 | - | - | - |
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
2
Last Close Price
2.4
HKD
Average target price
6.93
HKD
Spread / Average Target
+188.75%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -1.64% | 602M | |
| -8.14% | 49.88B | |
| -5.25% | 30.53B | |
| +63.88% | 29.08B | |
| +20.03% | 23.38B | |
| +16.97% | 17.94B | |
| -6.99% | 11.81B | |
| +21.92% | 11.27B | |
| -20.90% | 8.31B | |
| +14.34% | 8.13B |
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