Swire Properties (1972.HK)

Real Estate · HKEX · Hong Kong

HK$22.32+8.03% today

Fundamentals

Market capHK$121.94B

Dividend yield5.43%

Revenue growth (YoY)+4.2%

Profit margin-9.2%

Return on equity-0.6%

52-week rangeHK$19.70 to HK$27.18

Valuation and ratings

DCF fair valueHK$46.60

Upside to fair value+108.8%

Analyst target (mean)HK$29.02

Analyst rangeHK$25.00 to HK$30.70

Analysts covering12

Consensus viewstrong buy

Moat score52/100

Overall rating68/100, Buy

Swire Properties trades at HK$22.32, which is 109% below the HK$46.60 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 52 out of 100, which is a moat, but not a deep one. 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 Swire Properties

Swire Properties Limited, together with its subsidiaries, develops, owns, and operates mixed-use, primarily commercial properties in Hong Kong, Mainland China, and the United States. The company operates through Property Investment, Property Trading, and Hotels segments. It engages in the development, leasing, and management of commercial, retail, and residential properties; development and sale of residential apartments; and investment in and operation of hotels. The company also provides financial and real estate agency services. Swire Properties Limited was incorporated in 1972 and is based in Hong Kong, Hong Kong. The company operates as a subsidiary of Swire Pacific Limited.

Industry: Real Estate ServicesEmployees: 5,800HQ: Hong Kong

1972.HK passes 3 of our 30 screens today

Each screen prints the exact criteria it used, and the circumstances in which it is wrong.

Undervalued on cash flow

Companies trading at least 25% below what our discounted cash flow model says the future cash is worth today.

China and Hong Kong

Enormous growth, and a structure in which you may not legally own the company you think you bought. Both are true at once.

Dividend aristocrats

Companies with long, unbroken records of raising their dividend. The record is the point: it is evidence, not a promise.

Common questions

Is Swire Properties (1972.HK) undervalued?

Against our discounted cash flow estimate of HK$46.60, 1972.HK at HK$22.32 is 109% 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.