Company Valuation: Swire Properties Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 114,309 116,064 92,430 91,791 120,792 139,907 - -
Change - 1.54% -20.36% -0.69% 31.59% 15.82% - -
Enterprise Value (EV) 1 124,643 135,011 129,109 135,537 160,332 179,263 179,897 183,046
Change - 8.32% -4.37% 4.98% 18.29% 11.81% 0.35% 1.75%
P/E 16x 14.6x 35.1x -122x -77.7x 16.5x 16.2x 15x
PBR 0.39x 0.4x 0.32x 0.34x - 0.52x 0.52x 0.52x
PEG - 1.3x -0.5x 1x -1x -0x 8.11x 1.93x
Capitalization / Revenue 7.19x 8.39x 6.3x 6.36x 7.53x 7.25x 7.27x 7.07x
EV / Revenue 7.84x 9.77x 8.8x 9.39x 10x 9.29x 9.34x 9.25x
EV / EBITDA 12.3x 14.7x 15.5x 15.9x 17.6x 17.6x 18.3x 17.4x
EV / EBIT 12.7x 16.4x 16.3x 16.7x 18.6x 19.1x 19.4x 17.9x
EV / FCF 124x -54.6x 52.5x -198x 30.1x 36.6x 31.6x 20.7x
FCF Yield 0.81% -1.83% 1.9% -0.5% 3.32% 2.73% 3.17% 4.83%
Dividend per Share 2 0.95 1 1.05 1.1 1.15 1.208 1.261 1.319
Rate of return 4.86% 5.04% 6.65% 6.95% 5.48% 4.97% 5.19% 5.43%
EPS 2 1.22 1.36 0.45 -0.13 -0.27 1.47 1.499 1.616
Distribution rate 77.9% 73.5% 233% -846% -426% 82.1% 84.1% 81.6%
Net sales 1 15,891 13,826 14,670 14,428 16,041 19,300 19,256 19,778
EBITDA 1 10,141 9,156 8,349 8,533 9,106 10,174 9,817 10,530
EBIT 1 9,786 8,223 7,912 8,097 8,598 9,400 9,269 10,232
Net income 1 7,121 7,980 2,637 -766 -1,533 8,281 8,309 9,477
Net Debt 1 10,334 18,947 36,679 43,746 39,540 39,356 39,990 43,139
Reference price 2 19.54 19.84 15.80 15.82 20.98 24.30 24.30 24.30
Nbr of stocks (in thousands) 5,850,000 5,850,000 5,850,000 5,802,221 5,757,485 5,757,485 - -
Announcement Date 10/03/22 09/03/23 14/03/24 13/03/25 12/03/26 - - -
1HKD in Million2HKD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
59.21x - - - 63.32B
12.56x4.4x11.29x3.83% 39.77B
8.21x1.47x8.17x4.31% 27.35B
5.56x0.72x1.48x8.85% 27.19B
17.12x3.86x15.52x1.43% 26.26B
13.33x3.03x14.51x2.62% 24.46B
8.57x3.04x7.09x-.--% 20.24B
9.93x1.94x7.99x4.23% 19.95B
7.66x0.85x3.09x2.92% 19.59B
Average 15.79x 2.41x 8.64x 3.52% 29.79B
Weighted average by Cap. 22.08x 2.57x 8.98x 3.68%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Swire Properties Limited

Historical PBR trend

Valuation ratios - PBR - Swire Properties Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Swire Properties Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Swire Properties Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Swire Properties Limited
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