Hysan Development Co Ltd (HK:0014)
:0014
Want to see HK:0014 full AI Analyst Report?
Top Page
Hysan Development Co
(0014)
Select Model
Select Model
Rating:61Neutral
Price Target:
HK$21.50
▲(11.69% Upside)
Action:Reiterated
Date:04/04/26
The score is driven primarily by improving financial performance and strong cash flow resilience, tempered by revenue volatility and rising leverage. Technical signals are weak-to-neutral (negative MACD and below key short/intermediate moving averages), while valuation is supported by a high dividend yield but limited by a mid-to-high P/E.
Positive Factors
Cash generation resilience
Consistently positive operating and free cash flow — with free cash flow roughly matching net income in 2025 — indicates durable internal funding. This strengthens liquidity to fund dividends, asset enhancements and selective development without relying solely on new debt, improving long-term financial stability.
Negative Factors
Rising leverage
Material increase in leverage reduces financial flexibility and elevates interest and refinancing risk. In a capital-intensive property business, higher debt limits capacity for new investments or opportunistic acquisitions and magnifies downside during revenue stress, making capital structure a persistent vulnerability.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation resilience
Consistently positive operating and free cash flow — with free cash flow roughly matching net income in 2025 — indicates durable internal funding. This strengthens liquidity to fund dividends, asset enhancements and selective development without relying solely on new debt, improving long-term financial stability.
Read all positive factors
Hysan Development Co (0014) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$19.82B
Dividend Yield5.77%
Average Volume (3M)1.89M
Price to Earnings (P/E)9.5
Beta (1Y)0.65
Revenue Growth1.06%
EPS Growth799.41%
CountryHK
Employees520
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.30
Shares Outstanding1,027,008,200
10 Day Avg. Volume1,439,746
30 Day Avg. Volume1,892,161
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.30
Price to Sales (P/S)5.37
P/FCF Ratio8.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$22.63Price Target Upside17.58% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)2
Revenue Forecast (FY)HK$3.52B
Hysan Development Co Business Overview & Revenue Model
Company Description
Hysan is a leading property investment, management and development company in Hong Kong, with a portfolio of more than 4 million square feet of high-quality office, retail and residential properties. Operating primarily in the city's prime retail/...
How the Company Makes Money
Hysan primarily makes money by owning, leasing, and managing commercial real estate. Its main revenue stream is recurring rental income from leasing retail space (e.g., shop units and mall space) and office space to tenants under lease agreements;...
Hysan Development Co Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
62
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.62B | 3.41B | 3.21B | 3.71B | 3.69B |
| Gross Profit | 2.89B | 2.76B | 2.59B | 3.14B | 3.19B |
| EBITDA | 1.18B | 1.02B | -268.00M | 2.84B | 2.64B |
| Net Income | 840.00M | 35.00M | -872.00M | -1.16B | 1.38B |
Balance Sheet | |||||
| Total Assets | 115.42B | 114.09B | 114.53B | 119.17B | 117.37B |
| Cash, Cash Equivalents and Short-Term Investments | 4.25B | 2.53B | 3.95B | 7.77B | 8.57B |
| Total Debt | 37.93B | 26.51B | 25.56B | 40.66B | 29.31B |
| Total Liabilities | 48.61B | 36.66B | 34.84B | 35.75B | 29.49B |
| Stockholders Equity | 65.46B | 75.43B | 77.41B | 70.20B | 73.87B |
Cash Flow | |||||
| Free Cash Flow | 2.27B | 2.32B | 2.19B | 1.50B | 1.66B |
| Operating Cash Flow | 2.29B | 2.36B | 2.21B | 1.52B | 1.73B |
| Investing Cash Flow | 771.00M | -1.29B | 2.14B | -8.62B | -7.42B |
| Financing Cash Flow | -795.00M | -2.09B | -4.32B | 2.17B | -2.17B |
Hysan Development Co Technical Analysis
Neutral
19.25
Price Trends
19.21
Positive
19.52
Negative
17.56
Positive
Market Momentum
>-0.01
Positive
46.19
Neutral
22.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0014, the sentiment is Neutral. The current price of 19.25 is below the 20-day moving average (MA) of 19.69, above the 50-day MA of 19.21, and above the 200-day MA of 17.56, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.19 is Neutral, neither overbought nor oversold. The STOCH value of 22.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0014.
Hysan Development Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$7.50B | 4.93 | 3.35% | 5.29% | -9.69% | -9.25% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | HK$41.87B | 11.84 | 1.35% | 5.92% | -11.49% | -20.93% | |
61 Neutral | HK$19.82B | 9.50 | 1.20% | 5.77% | 1.06% | 799.41% | |
58 Neutral | HK$75.91B | -10.04 | -2.32% | 5.04% | -0.75% | -577.88% | |
54 Neutral | HK$1.98B | -0.83 | -18.18% | 16.00% | -70.47% | 14.32% | |
50 Neutral | HK$2.26B | -7.78 | -0.27% | ― | -12.20% | -158.05% |
* Real Estate Sector Average
HK:0014
Hysan Development Co
19.10
7.03
58.19%
HK:0101
Hang Lung Properties
8.26
2.44
42.00%
HK:0071
Miramar Hotel & Investment Co
10.78
1.66
18.24%
HK:0878
Soundwill Holdings
7.00
-0.34
-4.63%
HK:0410
SOHO China
0.44
-0.08
-14.71%
HK:1997
Wharf Real Estate Investment Co
24.56
6.41
35.32%
Hysan Development Co Corporate Events
Hysan grants COO lease and purchase option for Bamboo Grove flat under connected deal
Apr 24, 2026
Hysan Development has entered into a connected tenancy arrangement with its chief operating officer for a 1,503-square-foot residential unit at Bamboo Grove in Hong Kong, on a fixed term of five years and six months starting 25 April 2026, with re...
Hysan proposes Articles overhaul to align with Hong Kong’s new treasury share and paperless regimes
Mar 30, 2026
Hysan Development plans to amend its Articles of Association to align with recent changes to Hong Kong’s Companies Ordinance introducing a treasury share regime for locally incorporated listed issuers. The company also aims to update its con...
Hysan Sets 2026 AGM to Approve Board Fees and Share Issue Mandate
Mar 30, 2026
Hysan Development Company Limited has called its annual general meeting for 5 June 2026 in Hong Kong, offering both physical and online attendance for shareholders. The meeting will consider the 2025 financial statements, the re-election of direct...
Hysan Declares Second Interim Dividend for 2025
Feb 26, 2026
Hysan Development Company Limited has declared a second interim ordinary dividend of HKD 0.81 per share for the financial year ended 31 December 2025. The dividend will be paid in Hong Kong dollars without any noted withholding tax implications, a...
Hysan rides retail recovery and capital recycling as Lee Gardens revamp advances
Feb 26, 2026
Hysan Development reported a 1.6% rise in turnover to HK$3.46 billion for 2025, though recurring underlying profit slipped 1.9%, while underlying profit jumped 28.3% on fair value gains from Bamboo Grove unit disposals. Shareholders’ funds a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.