New World Development (0017.HK)
Real Estate · HKEX · Hong Kong
Fundamentals
Valuation and ratings
New World Development trades at HK$6.79, which is 110% below the HK$14.26 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 28 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
About New World Development
New World Development Company Limited, an investment holding company, operates in the property development and investment business in Hong Kong and Mainland China. Its property portfolio includes residential, retail, office, and industrial properties. The company is also involved in the loyalty program, fashion retailing and trading, and land development businesses; and development and operation of sports park. In addition, it operates club houses, golf and tennis academies, and shopping malls; constructs and operates Skycity complex; and operates department stores. Further, the company offers information technology, training course, ticketing, financial, project management, retail and corporate sales, management, culture and recreation, construction, estate agency, supply chain management, property management, business and investment consultancy, accountancy and advisory, and consultancy services. Additionally, it invests in, owns, and operates hotel properties. New World Development Company Limited was incorporated in 1970 and is headquartered in Central, Hong Kong.
0017.HK passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is New World Development (0017.HK) undervalued?
Against our discounted cash flow estimate of HK$14.26, 0017.HK at HK$6.79 is 110% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.