Hysan Development Co (0014) AI Stock Analysis

• Market Cap: HK$19.48B
• Dividend Yield: 5.77%
• Average Volume (3M): 1.89M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.66
• Revenue Growth: 2.60%
• EPS Growth: 50.07%
• Country: HK
• Employees: 520
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 1.00
• Shares Outstanding: 1,027,008,200
• 10 Day Avg. Volume: 1,439,746
• 30 Day Avg. Volume: 1,892,161
• PEG Ratio: -3.34
• Price to Book (P/B): 0.16
• Price to Sales (P/S): 3.57
• P/FCF Ratio: 5.24
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$18.30
• Price Target Upside: -3.53% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: HK$19.00 ▲(0.16% Upside)

Hysan Development Co's overall stock score is driven by its strong technical momentum and solid financial stability, despite profitability challenges and valuation concerns. The attractive dividend yield provides some support, but the negative P/E ratio and overbought technical indicators suggest caution.

Positive Factors

Strong Gross Profit Margin

A high gross profit margin indicates effective cost management, allowing the company to maintain profitability despite revenue fluctuations.

Solid Equity Position

A strong equity position provides financial stability and resilience, supporting long-term growth and investment capacity.

Strong Cash Generation

Consistent free cash flow growth enhances the company's ability to fund operations, invest in growth opportunities, and return capital to shareholders.

Negative Factors

Low Net Profit Margin

A low net profit margin indicates challenges in converting revenue into profit, which may affect long-term profitability and shareholder returns.

Inconsistent ROE

Inconsistent ROE suggests fluctuating returns for shareholders, which could undermine investor confidence and affect capital raising capabilities.

Reliance on Non-Operating Cash Flow

Dependence on non-operating cash flow sources may indicate underlying operational inefficiencies, posing risks to sustainable cash generation.

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/office district of Causeway Bay, we are focused on delighting our customers and providing investors with outstanding returns.

How the Company Makes Money

Hysan Development generates revenue primarily through leasing and property management services associated with its commercial and retail properties. The company earns regular income from long-term leases with corporate tenants and retail operators, which are often structured with rental escalations to ensure growth in revenue over time. Additionally, Hysan engages in property development, which allows it to realize profits from the sale of residential units and commercial spaces. Strategic partnerships with retailers and businesses enhance its revenue streams, while its focus on prime locations contributes to high occupancy rates and premium rental income. The company also benefits from potential capital appreciation of its properties, which can significantly impact its earnings when properties are sold or refinanced.

Hysan Development Co Financial Statement Overview

Summary

Hysan Development Co demonstrates robust cost management with a strong gross profit margin and solid equity position. However, the company faces challenges such as low net profit margin, inconsistent ROE, and reliance on non-operating sources for cash flow, indicating the need for improved operational efficiency and profitability.

Income Statement

Hysan Development Co has seen fluctuations in its revenue over the years, with a noticeable decline recently. The gross profit margin remains strong at 81.05%, indicating efficient cost management. However, net profit margin is weak at 1.03%, reflecting profitability challenges. The absence of EBIT in the latest report and negative EBITDA in some years suggest operational inefficiencies impacting overall profitability.

Balance Sheet

The company maintains a solid equity position with an equity ratio of 66.10%, indicating financial stability. However, the debt-to-equity ratio is 0.35, suggesting moderate leverage which could pose risks if not managed properly. Return on equity shows variability, indicating inconsistent returns for shareholders.

Cash Flow

Free cash flow has shown consistent growth, with a notable increase of 6.02% recently, demonstrating strong cash generation capabilities. The operating cash flow to net income ratio is high at 67.31, indicating effective conversion of income into cash. However, free cash flow to net income ratio is very high, suggesting reliance on non-operating sources for cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.63B	3.41B	3.21B	3.71B	3.69B	3.99B
Gross Profit	3.27B	2.76B	2.59B	3.14B	3.19B	3.50B
EBITDA	2.70B	1.02B	-268.00M	2.84B	2.64B	3.25B
Net Income	-63.00M	35.00M	-872.00M	-1.16B	1.38B	-2.55B
Balance Sheet
Total Assets	115.45B	114.09B	114.53B	119.17B	117.37B	109.75B
Cash, Cash Equivalents and Short-Term Investments	3.60B	2.53B	3.95B	7.77B	8.57B	24.93B
Total Debt	28.64B	26.51B	25.56B	40.66B	29.31B	18.97B
Total Liabilities	38.64B	36.66B	34.84B	35.75B	29.49B	22.31B
Stockholders Equity	75.10B	75.43B	77.41B	70.20B	73.87B	73.68B
Cash Flow
Free Cash Flow	2.06B	2.32B	2.19B	1.50B	1.66B	1.80B
Operating Cash Flow	2.07B	2.36B	2.21B	1.52B	1.73B	1.82B
Investing Cash Flow	-1.87B	-1.29B	2.14B	-8.62B	-7.42B	-6.22B
Financing Cash Flow	1.23B	-2.09B	-4.32B	2.17B	-2.17B	15.19B

Hysan Development Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 18.97
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0014, the sentiment is Positive. The current price of 18.97 is above the 20-day moving average (MA) of 18.66, above the 50-day MA of 17.84, and above the 200-day MA of 15.09, indicating a bullish trend. The MACD of 0.23 indicates Positive momentum. The RSI at 62.49 is Neutral, neither overbought nor oversold. The STOCH value of 59.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0014.

Hysan Development Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0101	71 Outperform	$46.37B	21.85	1.52%	5.92%	-9.76%	-28.29%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
1686	63 Neutral	HK$12.30B	12.48	18.68%	2.54%	9.90%	7.68%
0014	61 Neutral	HK$19.48B	-62.20	-0.48%	5.77%	2.60%	50.07%
1997	60 Neutral	HK$72.14B	-155.83	-0.25%	5.04%	-3.87%	-124.27%
0181	49 Neutral	HK$106.54M	21.02	1.89%	―	-32.86%	―

Hysan Development Co Corporate Events

Hysan Tightens Nomination Committee Mandate to Bolster Governance and Diversity

Hysan Development Company Limited has amended and restated the terms of reference for its Nomination Committee, effective 1 January 2026, to strengthen governance around board composition, diversity and succession planning. The updated mandate formalizes the committee’s role in reviewing the Board’s structure, skills mix and independence, overseeing succession planning for directors and senior management, monitoring implementation and effectiveness of nomination and diversity policies (including gender diversity targets at board and workforce levels), and supervising broader human capital matters. It also sets membership requirements—at least three members, a majority being independent non-executive directors and at least one of a different gender—along with rules on quorum, meeting frequency, and in-camera sessions, underscoring Hysan’s focus on board effectiveness and diversity as part of its corporate strategy.

The most recent analyst rating on (HK:0014) stock is a Hold with a HK$19.00 price target. To see the full list of analyst forecasts on Hysan Development Co stock, see the HK:0014 Stock Forecast page.

Hysan Development Announces Sale of Bamboo Grove Residential Unit

Hysan Development Company Limited announced a connected transaction involving the sale of a residential unit at Bamboo Grove by its wholly-owned subsidiary, Kwong Wan, to a purchaser wholly-owned by Mr. Zhang Yong, an independent non-executive Director. The transaction, valued at HK$53,540,000, is subject to announcement and reporting requirements but exempt from independent shareholders’ approval due to its size under the Listing Rules. This sale aligns with market valuations and reflects the company’s ongoing asset management strategy.

The most recent analyst rating on (HK:0014) stock is a Buy with a HK$18.40 price target. To see the full list of analyst forecasts on Hysan Development Co stock, see the HK:0014 Stock Forecast page.