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 91,791 120,792 138,064 - -
Change - 1.54% -20.36% -0.69% 31.59% 14.3% - -
Enterprise Value (EV) 1 124,643 135,011 129,109 135,537 160,332 177,421 178,054 181,204
Change - 8.32% -4.37% 4.98% 18.29% 10.66% 0.36% 1.77%
P/E 16x 14.6x 35.1x -122x -77.7x 16.6x 16.3x 15.1x
PBR 0.39x 0.4x 0.32x 0.34x - 0.52x 0.52x 0.52x
PEG - 1.3x -0.5x 1x -1x -0x 8.16x 1.94x
Capitalization / Revenue 7.19x 8.39x 6.3x 6.36x 7.53x 7.15x 7.17x 6.98x
EV / Revenue 7.84x 9.77x 8.8x 9.39x 10x 9.19x 9.25x 9.16x
EV / EBITDA 12.3x 14.7x 15.5x 15.9x 17.6x 17.4x 18.1x 17.2x
EV / EBIT 12.7x 16.4x 16.3x 16.7x 18.6x 18.9x 19.2x 17.7x
EV / FCF 124x -54.6x 52.5x -198x 30.1x 36.3x 31.3x 20.5x
FCF Yield 0.81% -1.83% 1.9% -0.5% 3.32% 2.76% 3.2% 4.88%
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% 4.94% 5.16% 5.4%
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 24.44 24.44 24.44
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.($)
60.45x - - - 64.84B
12.53x4.39x11.26x3.84% 39.66B
18.95x4.08x16.42x1.29% 29.2B
5.7x0.76x1.57x8.68% 27.72B
8.25x1.49x8.35x4.29% 27.48B
14.28x3.13x14.99x2.45% 26.31B
10x1.96x8.06x4.2% 20.11B
7.43x0.82x2.99x3.01% 18.99B
13.34x6.46x16.98x1.63% 19.09B
Average 16.77x 2.89x 10.08x 3.67% 30.38B
Weighted average by Cap. 23.14x 2.95x 10.24x 3.77%

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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