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Sun Hung Kai Properties Ltd 00016

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Stock XHKG Rating as of
HK$104.10 −3.30 (3.07%)
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As of Delayed Price Closed

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Sun Hung Kai Properties Is Riding a Hong Kong Real Estate Recovery

Kathy Chan

Sun Hung Kai Properties is the leading property developer in Hong Kong. While others may specialize in certain sectors—for example, CK Asset in mass residential and Swire Properties in office—SHKP is a significant player in all sectors of the city’s property market. Its sheer scale and dominance translate into a formidable competitive advantage in a highly consolidated Hong Kong property market.

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Price vs Fair Value

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00016 is trading at a LOCK|LcPC?C premium.
Price
HK$104.10
Fair Value
!Xn
Uncertainty
LOCK|l$S&w
1-Star Price
LOCK|D.V
5-Star Price
LOCK|.&N
Economic Moat
LOCK|k@
Capital Allocation
LOCK|&sHq<V

Bulls Say, Bears Say

Bulls

The company’s well-located office and retail portfolios in Hong Kong are expected to continue to perform well in years to come, underpinned by steady growth in tenant demand and ongoing supply-side constraints.

Bears

If interest rates increase due to Fed rate hikes, the company’s development profits will be compressed as high mortgage rates disincentivize potential buyers.

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Trading Information

Previous Close Price
HK$107.40
Day Range
HK$103.40–107.00
52-Week Range
HK$92.05–148.80
Bid/Ask
HK$104.00 / HK$104.10
Shares Outstanding
2.90B
Market Cap
HK$301.66B
Volume/Avg
5M / 5M

Key Statistics

Price/Earnings (Normalized)
13.60
Price/Sales
3.20
Dividend Yield (Trailing)
3.63%
Dividend Yield (Forward)
3.63%
Dividend Payment Schedule
Mar, Nov
Total Yield
3.63%

Company Profile

Sun Hung Kai Properties is a diversified real estate developer in Hong Kong with a core focus on the residential, office, and retail real estate segments. Most of its business is based in Hong Kong, where it is a leading private housing developer and holds a portfolio of high-quality retail and office properties for rental income. The company also invests in other listed entities, including a telecommunications company, SmarTone, and a data center provider, SUNeVision. The family of the late founder, Kwok Tak Seng, is the controlling shareholder, with a stake of more than 40%.
Sector
Real Estate
Industry
Real Estate - Development
Stock Style Box
Large Value
Total Number of Employees
39,000
Website
https://www.shkp.com

Competitors

Valuation

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Metric
00016
00017
01972
Price/Earnings (Normalized)
 13.6013.1332.97
Price/Book Value
 0.480.080.51
Price/Sales
 3.200.628.25
Price/Cash Flow
 14.65—17.66
Price/Earnings
00016
00017
01972

Financial Strength

Metric
00016
00017
01972
Quick Ratio
 0.740.240.58
Current Ratio
 3.401.371.19
Interest Coverage
 12.68−4.534.90
Quick Ratio
00016
00017
01972

Profitability

Metric
00016
00017
01972
Return on Assets (Normalized)
 2.81%0.54%2.11%
Return on Equity (Normalized)
 3.66%1.38%2.77%
Return on Invested Capital (Normalized)
 3.31%1.63%2.51%
Return on Assets
00016
00017
01972

Real Estate - Development Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Sun Hung Kai Properties Ltd ADR
SUHJY
—LOCK|pnz$40B
 Sun Hung Kai Properties Ltd
SUHJF
—LOCK|#@$38B
 China Resources Land Ltd ADR
CRBJY
—LOCK|@q$27B
 CK Asset Holdings Ltd ADR
CNGKY
—LOCK|R&$20B
 CK Asset Holdings Ltd
CHKGF
—LOCK|gG$20B
 Daiwa House Industry Co Ltd
DWAHF
—LOCK|X&q$18B
 Daiwa House Industry Co Ltd ADR
DWAHY
—LOCK|@@<$18B
 China Overseas Land & Investment Ltd ADR
CAOVY
—LOCK|dN!$18B
 Hongkong Land Holdings Ltd ADR
HNGKY
—LOCK|$!<n!$18B
 China Overseas Land & Investment Ltd
CAOVF
—LOCK|VZl$17B

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