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 91,791 120,792 132,422 - -
Change - 1.54% -20.36% -0.69% 31.59% 9.63% - -
Enterprise Value (EV) 1 124,643 135,011 129,109 135,537 160,332 171,910 172,623 171,875
Change - 8.32% -4.37% 4.98% 18.29% 7.22% 0.41% -0.43%
P/E 16x 14.6x 35.1x -122x -77.7x 16.1x 15.5x 14.4x
PBR 0.39x 0.4x 0.32x 0.34x - 0.49x 0.49x 0.49x
PEG - 1.3x -0.5x 1x -1x -0x 3.91x 1.91x
Capitalization / Revenue 7.19x 8.39x 6.3x 6.36x 7.53x 7.25x 6.95x 6.67x
EV / Revenue 7.84x 9.77x 8.8x 9.39x 10x 9.41x 9.06x 8.66x
EV / EBITDA 12.3x 14.7x 15.5x 15.9x 17.6x 17.5x 17.7x 16.5x
EV / EBIT 12.7x 16.4x 16.3x 16.7x 18.6x 18.6x 18.4x 16.6x
EV / FCF 124x -54.6x 52.5x -198x 30.1x 25.7x 21.9x 19.4x
FCF Yield 0.81% -1.83% 1.9% -0.5% 3.32% 3.9% 4.56% 5.17%
Dividend per Share 2 0.95 1 1.05 1.1 1.15 1.255 1.309 1.318
Rate of return 4.86% 5.04% 6.65% 6.95% 5.48% 5.46% 5.69% 5.73%
EPS 2 1.22 1.36 0.45 -0.13 -0.27 1.431 1.488 1.6
Distribution rate 77.9% 73.5% 233% -846% -426% 87.7% 87.9% 82.4%
Net sales 1 15,891 13,826 14,670 14,428 16,041 18,262 19,051 19,846
EBITDA 1 10,141 9,156 8,349 8,533 9,106 9,836 9,773 10,429
EBIT 1 9,786 8,223 7,912 8,097 8,598 9,243 9,368 10,347
Net income 1 7,121 7,980 2,637 -766 -1,533 8,047 8,071 9,391
Net Debt 1 10,334 18,947 36,679 43,746 39,540 39,488 40,201 39,453
Reference price 2 19.54 19.84 15.80 15.82 20.98 23.00 23.00 23.00
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 10/3/22 9/3/23 14/3/24 13/3/25 12/3/26 - - -
1HKD in Million2HKD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.07x9.53x17.56x5.24% 16.88B
15.07x4.79x12.88x3.36% 42.85B
8.64x1.5x7.82x4.11% 29.87B
19.16x4.05x16.54x1.3% 29.17B
5.84x0.68x1.41x8.62% 27.91B
13.76x3.05x14.62x2.55% 25.28B
8.35x0.93x3.37x2.68% 21.36B
8.86x2.28x7.02x3.94% 20.88B
14.22x6.72x18.27x1.5% 20.67B
10.12x1.64x14.19x3.73% 18.43B
Average 12.01x 3.52x 11.37x 3.7% 25.33B
Weighted average by Cap. 12.19x 3.40x 11.18x 3.7%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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