0004:HK:HK-Wharf Holdings (HKD)

COMMON STOCK | Real Estate - Development |

Last Closing

USD 23.15

Change

+0.45 (+1.98)%

Market Cap

USD 70.75B

Volume

1.72M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

Founded in 1886 as the 17th company registered in Hong Kong, The Wharf (Holdings) Limited (Stock Code: 0004) is a premier company with strong connection to the history of Hong Kong. As one of the 30 constituent stocks in the original Hang Seng Index from the 1960s, Wharf is backed by a long standing mission of "Building for Tomorrow" and a proven track record in management and execution. After spinning off Wharf Real Estate Investment Company Limited as a separately-listed company (Stock Code: 1997) in 2017, the Group's businesses currently comprise Investment Properties, Hotels and Development Properties in Hong Kong and Mainland China. Other businesses include Logistics Infrastructure through Modern Terminals and Hong Kong Air Cargo Terminals. The Group's exclusive Peak Portfolio, comprising a rare collection of unique properties, continues to feature the highest bespoke quality and craftsmanship catering to the demands of a discerning clientele that does not buy in "off plans" presale. The development profile is characterised by attention to details, generous development cost, long payback period and high capital intensity. In Mainland Investment Properties, starting from a small nascent base some 20 years ago, the Group's proactive efforts are beginning to bear fruit in order to realise plans to generate a proper return over the next 20 to 30 years remaining on the majority of the underlying land leases. However, market dynamics have changed and competition has significantly stiffened. The Mainland Development Properties land bank at the end of June 2022 was 1.94 million square metres. Strict price control and other regulatory policies have depressed selling prices and increased investment risk. The Group has become more selective with new land acquisition. At the same time, the Group's land bank has been marked to market, which is however still undergoing correction. Wharf Hotels manages 16 hotels, with over 5,000 rooms and suites, in Mainland China, Hong Kong and the Philippines. Niccolo Suzhou, opened in A Address: 16th Floor, Ocean Centre, Harbour City, Kowloon City, Hong Kong

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

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Relative Returns (From:    To: 2024-10-04 )

Largest Industry Peers for Real Estate - Development

Symbol Name Price(Change) Market Cap
0016:HK Sun Hung Kai Properties Ltd

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USD 258.07B
1109:HK China Resources Land Ltd

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0688:HK China Overseas

+0.02 (+0.11%)

USD 193.72B
2202:HK China Vanke Co Ltd

-0.86 (-7.25%)

USD 130.84B
1113:HK CK Asset Holdings Ltd

+0.45 (+1.28%)

USD 119.87B
0960:HK Longfor Properties Co Ltd

-0.02 (-0.12%)

USD 91.94B
0083:HK Sino Land

+0.17 (+1.95%)

USD 76.90B
0247:HK Tsim Sha Tsui Properties Ltd

+0.40 (+2.11%)

USD 40.30B
1908:HK C&D International Investment G..

-0.24 (-1.34%)

USD 32.46B
0123:HK Yuexiu Property Co Ltd

N/A

USD 29.43B

ETFs Containing 0004:HK

N/A

Market Performance

  Market Performance vs. Industry/Classification (Real Estate - Development) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -7.95% 32% F 36% F
Dividend Return 0.80% 6% D- 5% F
Total Return -7.16% 31% F 36% F
Trailing 12 Months  
Capital Gain 19.82% 62% D 65% D
Dividend Return 1.04% 9% A- 7% C-
Total Return 20.86% 62% D 65% D
Trailing 5 Years  
Capital Gain 34.59% 92% A 79% B-
Dividend Return 9.30% 27% F 31% F
Total Return 43.90% 91% A- 76% C+
Average Annual (5 Year Horizon)  
Capital Gain 14.31% N/A N/A 78% C+
Dividend Return 16.10% N/A N/A 77% C+
Total Return 1.79% N/A N/A 39% F
Risk Return Profile  
Volatility (Standard Deviation) 36.67% N/A N/A 41% F
Risk Adjusted Return 43.90% N/A N/A 85% B
Market Capitalization 70.75B 95% A 94% A

Annual Financials (HKD)

Quarterly Financials (HKD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

What to not like:
Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector