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 91,791 120,792 124,822 - -
Change - 1.54% -20.36% -0.69% 31.59% 3.34% - -
Enterprise Value (EV) 1 124,643 135,011 129,109 135,537 160,332 164,152 164,908 164,844
Change - 8.32% -4.37% 4.98% 18.29% 2.38% 0.46% -0.04%
P/E Ratio 16x 14.6x 35.1x -122x -77.7x 15.3x 14.9x 13.6x
PBR 0.39x 0.4x 0.32x 0.34x - 0.46x 0.46x 0.46x
PEG - 1.3x -0.5x 1x -1x -0x 6.26x 1.37x
Capitalization / Revenue 7.19x 8.39x 6.3x 6.36x 7.53x 6.93x 6.77x 6.4x
EV / Revenue 7.84x 9.77x 8.8x 9.39x 10x 9.11x 8.95x 8.45x
EV / EBITDA 12.3x 14.7x 15.5x 15.9x 17.6x 17.2x 17.2x 16.4x
EV / EBIT 12.7x 16.4x 16.3x 16.7x 18.6x 18.3x 18.5x 16.3x
EV / FCF 124x -54.6x 52.5x -198x 30.1x 24.5x 22.8x 18.9x
FCF Yield 0.81% -1.83% 1.9% -0.5% 3.32% 4.07% 4.38% 5.28%
Dividend per Share 2 0.95 1 1.05 1.1 1.15 1.204 1.26 1.318
Rate of return 4.86% 5.04% 6.65% 6.95% 5.48% 5.56% 5.81% 6.08%
EPS 2 1.22 1.36 0.45 -0.13 -0.27 1.419 1.452 1.597
Distribution rate 77.9% 73.5% 233% -846% -426% 84.9% 86.8% 82.6%
Net sales 1 15,891 13,826 14,670 14,428 16,041 18,019 18,426 19,515
EBITDA 1 10,141 9,156 8,349 8,533 9,106 9,518 9,565 10,075
EBIT 1 9,786 8,223 7,912 8,097 8,598 8,955 8,900 10,114
Net income 1 7,121 7,980 2,637 -766 -1,533 7,968 7,855 9,401
Net Debt 1 10,334 18,947 36,679 43,746 39,540 39,330 40,086 40,022
Reference price 2 19.54 19.84 15.80 15.82 20.98 21.68 21.68 21.68
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 3/10/22 3/9/23 3/14/24 3/13/25 3/12/26 - - -
1HKD in Million2HKD
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15x4.68x12.82x3.34% 43.27B
9.42x1.56x7.8x3.78% 33.93B
23.03x4.45x18.7x1.1% 31.6B
5.94x0.67x1.35x8.55% 28.15B
15.71x3.2x15.81x2.23% 26.43B
11.85x1.78x15.16x3.19% 21.92B
9.46x2.28x7.85x3.93% 20.67B
15.48x6.71x19.02x1.23% 20.58B
Average 13.24x 3.17x 12.32x 3.42% 28.32B
Weighted average by Cap. 13.47x 3.19x 12.15x 3.46%

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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