MTR (0066) AI Stock Analysis

• Market Cap: $179.85B
• Dividend Yield: 4.32%
• Average Volume (3M): 5.31M
• Price to Earnings (P/E): 10.3
• Beta (1Y): 0.58
• Revenue Growth: -0.99%
• EPS Growth: 80.58%
• Country: HK
• Employees: 31,822
• Sector: Industrials
• Sector Strength: 72
• Industry: Railroads
• EPS (TTM): 1.44
• Shares Outstanding: 6,224,823,000
• 10 Day Avg. Volume: 5,085,096
• 30 Day Avg. Volume: 5,308,162
• PEG Ratio: 0.11
• Price to Book (P/B): 0.91
• Price to Sales (P/S): 2.81
• P/FCF Ratio: -182.01
• Enterprise Value/Market Cap: 1.36
• Enterprise Value/Revenue: 4.22
• Enterprise Value/Gross Profit: 12.78
• Enterprise Value/Ebitda: 7.84
• 1Y Price Target: $24.52
• Price Target Upside: -19.17% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: HK$34.00 ▲(12.06% Upside)

MTR's strong financial performance and attractive valuation are the primary drivers of its score. The stock's technical indicators suggest a strong upward trend, though caution is advised due to overbought signals. Cash flow management remains a concern, but the company's overall financial health is solid.

Positive Factors

Negative Factors

MTR Business Overview & Revenue Model

Company Description

MTR Corporation Limited designs, constructs, operates, maintains, and invests in railways in Hong Kong, Australia, Mainland China, Macao, Sweden, and the United Kingdom. It operates through Hong Kong Transport Operations; Hong Kong Station Commercial Businesses; Hong Kong Property Rental and Management Businesses; Hong Kong Property Development; Mainland China and International Railway, Property Rental and Management Businesses; Mainland China Property Development; and Other Businesses segments. The company offers domestic and cross-boundary railway services, airport express, and a light rail and bus feeder system. It operates 266.3 kilometers of rail network; and 98 stations. The company also provides intercity railway services; leases advertising, office, retail, and car parking spaces at railway stations; offers telecommunication and bandwidth services in railway premises; provides estate management services; and invests in, develops, manages, and leases properties, including shopping malls and offices. In addition, it is involved in the construction, operation, and maintenance of mass transit railway systems. Further, it operates Octopus, a contactless smartcard common payment system; and provides railway consultancy and project management services, as well as offers railway management, engineering, and technology training services. Additionally, the company administers the operation of MTR academy; and provides station management, financing, technical support, and mobile and fixed telecommunication network and related services. It also operates cable car system and a theme village. MTR Corporation Limited was founded in 1975 and is headquartered in Kowloon Bay, Hong Kong.

How the Company Makes Money

MTR Corporation generates revenue primarily through passenger fares from its railway services, which constitute the largest portion of its income. Additionally, the company derives significant earnings from property development, benefiting from its real estate holdings near railway stations, which include residential, commercial, and retail projects. Other revenue streams include advertising, leasing of retail space in stations, and consultancy services provided to international railway projects. Strategic partnerships with government bodies and private developers further enhance its revenue potential.

MTR Financial Statement Overview

Summary

MTR shows strong revenue and profit growth with efficient operations. The balance sheet is robust with manageable leverage and strong equity. However, cash flow management is a concern due to negative free cash flow from high capital expenditures.

Income Statement

MTR has demonstrated strong revenue growth, with an 8.5% increase from 2023 to 2024. The gross profit margin improved significantly, reflecting enhanced operational efficiency. The net profit margin also more than doubled, indicating strong profitability. EBIT and EBITDA margins are healthy, showing robust core operations.

Balance Sheet

The company maintains a stable balance sheet with a debt-to-equity ratio of 0.42, indicating a conservative use of leverage. ROE improved to 8.5%, showing increased efficiency in generating profits from equity. The equity ratio of 50.5% suggests a solid financial position with reasonable equity financing.

Cash Flow

Free cash flow improved but remains negative, highlighting ongoing capital expenditures. Operating cash flow covers net income well, suggesting strong cash generation from operations. However, free cash flow to net income is less favorable, indicating potential cash management challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	58.10B	60.01B	56.98B	47.81B	47.20B	42.54B
Gross Profit	19.19B	13.71B	9.60B	2.47B	3.03B	95.00M
EBITDA	31.26B	27.06B	17.32B	17.90B	17.80B	2.71B
Net Income	17.46B	15.77B	7.78B	9.83B	9.55B	-4.81B
Balance Sheet
Total Assets	402.60B	367.50B	346.43B	327.08B	292.08B	290.57B
Cash, Cash Equivalents and Short-Term Investments	56.80B	27.89B	22.38B	16.37B	21.20B	21.22B
Total Debt	92.30B	77.68B	59.63B	47.99B	43.90B	50.50B
Total Liabilities	191.39B	181.37B	167.57B	147.17B	112.05B	113.59B
Stockholders Equity	210.55B	185.63B	178.34B	179.29B	179.71B	176.79B
Cash Flow
Free Cash Flow	-3.56B	-925.00M	-1.14B	-12.53B	-1.17B	-5.35B
Operating Cash Flow	16.79B	18.49B	11.20B	6.76B	7.47B	772.00M
Investing Cash Flow	-17.95B	-20.27B	-7.72B	-1.99B	5.97B	-675.00M
Financing Cash Flow	28.43B	8.50B	1.87B	-4.57B	-14.53B	2.84B

MTR Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 30.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0066, the sentiment is Positive. The current price of 30.34 is above the 20-day moving average (MA) of 29.46, above the 50-day MA of 27.80, and above the 200-day MA of 26.48, indicating a bullish trend. The MACD of 0.79 indicates Positive momentum. The RSI at 70.26 is Negative, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0066.

MTR Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0066	76 Outperform	$179.85B	10.31	9.59%	4.32%	-0.99%	80.58%
3898	72 Outperform	$34.18B	12.56	9.42%	4.26%	14.48%	12.74%
0062	67 Neutral	€5.66B	21.32	1.61%	7.28%	2.87%	-35.74%
3969	64 Neutral	HK$56.76B	9.88	7.39%	5.39%	0.19%	4.36%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
0525	63 Neutral	HK$21.78B	15.87	4.61%	3.49%	―	―
2169	46 Neutral	HK$3.28B	48.52	7.66%	0.85%	-14.80%	11.92%

MTR Corporate Events

MTR Corporation Announces Change in Board of Directors

MTR Corporation Limited has announced the cessation of Mr. Bruno Luk Kar-kin as an Alternate Director to Mr. Hui Ching-yu, a Non-executive Director of the company, effective from 6 November 2025. Mr. Luk has confirmed there are no disagreements with the board or other matters that need to be addressed regarding his departure, ensuring a smooth transition and maintaining stability within the company’s governance structure.

The most recent analyst rating on (HK:0066) stock is a Buy with a HK$30.00 price target. To see the full list of analyst forecasts on MTR stock, see the HK:0066 Stock Forecast page.

MTR Corporation Appoints New Hong Kong Transport Services Director

MTR Corporation Limited has announced the appointment of Mr. Wilson Kwong Wing-tsuen as the Hong Kong Transport Services Director, effective January 28, 2026. Mr. Kwong will oversee the company’s railway transport operations and commercial businesses in Hong Kong, reporting directly to the CEO. With extensive experience in the transportation and logistics sector, Mr. Kwong’s appointment is expected to bolster MTR’s operational capabilities and strengthen its industry position.

The most recent analyst rating on (HK:0066) stock is a Buy with a HK$30.00 price target. To see the full list of analyst forecasts on MTR stock, see the HK:0066 Stock Forecast page.

MTR Corporation Announces Board Changes with New Alternate Director Appointment

MTR Corporation Limited announced a change in its board with Mr. Kevin Choi stepping down as Alternate Director effective October 27, 2025, due to his departure from the post of Permanent Secretary for Transport and Logistics. Mr. Yau Cheuk-hang will succeed him, assuming the role of Alternate Director on November 17, 2025, bringing extensive experience from various governmental departments, which could influence MTR’s strategic direction and stakeholder relations.

The most recent analyst rating on (HK:0066) stock is a Buy with a HK$30.00 price target. To see the full list of analyst forecasts on MTR stock, see the HK:0066 Stock Forecast page.

MTR Corporation Announces Board and Executive Directorate Restructuring

MTR Corporation Limited has announced updates to its board and executive directorate, effective from 14 October 2025. This restructuring involves various committees such as the Audit & Risk Committee, Nominations Committee, and others, indicating a strategic focus on enhancing governance and operational efficiency. The changes reflect MTR’s commitment to strengthening its leadership and aligning its operations with future growth objectives, which may impact stakeholders by potentially improving service delivery and corporate governance.

The most recent analyst rating on (HK:0066) stock is a Buy with a HK$30.00 price target. To see the full list of analyst forecasts on MTR stock, see the HK:0066 Stock Forecast page.

MTR Corporation Announces Leadership Transition with New Chairman Appointment

MTR Corporation Limited announced significant leadership changes, with Dr. Jacob Kam Chak-pui, the current CEO, being appointed as a Non-Executive Director and the new Chairman effective January 1, 2026. This transition marks a strategic shift as Dr. Kam will also lead key committees, including the Environmental & Social Responsibility Committee, while Dr. Rex Auyeung Pak-kuen will retire from his current roles. These changes are expected to impact the company’s governance and strategic direction, potentially influencing its market positioning and stakeholder relationships.

The most recent analyst rating on (HK:0066) stock is a Buy with a HK$30.00 price target. To see the full list of analyst forecasts on MTR stock, see the HK:0066 Stock Forecast page.

MTR Corporation Reports Mixed Financial Results for 2025

MTR Corporation Limited, a Hong Kong-based company, is a prominent player in the transportation sector, primarily focusing on railway operations and property development both locally and internationally. The company is recognized for its extensive railway network and its involvement in property development projects in Hong Kong and Mainland China.

MTR Corporation Declares Interim Dividend for 2025

MTR Corporation Limited has announced an interim dividend of HKD 0.42 per share for the six months ending 30 June 2025. This announcement reflects the company’s financial performance and commitment to returning value to its shareholders. The dividend will be paid on 16 September 2025, with the ex-dividend date set for 27 August 2025. This move is likely to reinforce MTR’s position in the market and maintain investor confidence.

The most recent analyst rating on (HK:0066) stock is a Hold with a HK$29.00 price target. To see the full list of analyst forecasts on MTR stock, see the HK:0066 Stock Forecast page.

MTR Corporation Reports Mixed First Half 2025 Results with Strong Property Gains

MTR Corporation Limited reported its unaudited results for the first half of 2025, showing a decline in total revenue by 6.5% compared to the previous year. Despite a decrease in profit from recurrent businesses, the company saw a substantial increase in profit from property development, primarily due to successful projects in Hong Kong. The company’s net profit attributable to shareholders rose by 27.5%. MTR continues to expand its operations with ongoing projects in Hong Kong, Mainland China, and internationally, and remains optimistic about future growth, supported by recent successful financial issuances.

The most recent analyst rating on (HK:0066) stock is a Hold with a HK$29.00 price target. To see the full list of analyst forecasts on MTR stock, see the HK:0066 Stock Forecast page.