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 91,791 120,792 151,767 - -
Change - 1.54% -20.36% -0.69% 31.59% 25.64% - -
Enterprise Value (EV) 1 124,643 135,011 129,109 135,537 160,332 191,123 191,757 194,895
Change - 8.32% -4.37% 4.98% 18.29% 19.2% 0.33% 1.64%
P/E 16x 14.6x 35.1x -122x -77.7x 17.9x 17.6x 16.3x
PBR 0.39x 0.4x 0.32x 0.34x - 0.56x 0.56x 0.56x
PEG - 1.3x -0.5x 1x -1x -0x 8.96x 2.08x
Capitalization / Revenue 7.19x 8.39x 6.3x 6.36x 7.53x 7.86x 7.8x 7.6x
EV / Revenue 7.84x 9.77x 8.8x 9.39x 10x 9.9x 9.86x 9.76x
EV / EBITDA 12.3x 14.7x 15.5x 15.9x 17.6x 18.8x 19.5x 18.5x
EV / EBIT 12.7x 16.4x 16.3x 16.7x 18.6x 20.2x 20.8x 19.3x
EV / FCF 124x -54.6x 52.5x -198x 30.1x 39.1x 33.7x 22x
FCF Yield 0.81% -1.83% 1.9% -0.5% 3.32% 2.56% 2.97% 4.54%
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% 4.58% 4.78% 5%
EPS 2 1.22 1.36 0.45 -0.13 -0.27 1.471 1.5 1.618
Distribution rate 77.9% 73.5% 233% -846% -426% 82.1% 84% 81.5%
Net sales 1 15,891 13,826 14,670 14,428 16,041 19,300 19,456 19,962
EBITDA 1 10,141 9,156 8,349 8,533 9,106 10,176 9,817 10,537
EBIT 1 9,786 8,223 7,912 8,097 8,598 9,459 9,223 10,118
Net income 1 7,121 7,980 2,637 -766 -1,533 8,281 8,677 9,477
Net Debt 1 10,334 18,947 36,679 43,746 39,540 39,355 39,989 43,128
Reference price 2 19.54 19.84 15.80 15.82 20.98 26.36 26.36 26.36
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.92x9.9x18.78x4.58% 19.36B
63.4x - - - 68.74B
13.73x4.74x12.15x3.51% 43.5B
19.32x4.13x16.6x1.27% 29.71B
5.63x0.92x1.92x8% 30.08B
8.74x1.55x8.61x4.03% 29.12B
14.9x3.2x15.3x2.35% 27.41B
10.9x2.15x8.3x3.85% 21.93B
13.12x6.41x16.85x1.66% 18.74B
6.31x2.36x4.58x-.--% 19.94B
Average 17.39x 3.93x 11.46x 3.25% 30.85B
Weighted average by Cap. 23.72x 3.73x 11.27x 3.41%

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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