MTR Corporation Limited (HK:0066)
:0066
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MTR
(0066)
Select Model
Select Model
Rating:76Outperform
Price Target:
HK$40.00
▲(23.53% Upside)
Action:ReiteratedDate:11/07/25
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
Diversified 'Rail + Property' business model
MTR’s Rail+Property model creates durable, multi-stream cash flows: fare revenue plus predictable rental income and lump-sum property development profits. This structural integration funds capital projects, smooths operating volatility from ridership cycles, and supports long-term cash generation.
Negative Factors
Negative free cash flow from high capex
Persistent negative free cash flow driven by heavy capital spending is a structural constraint: it limits internal funding for dividends or expansion and increases reliance on property monetization or external financing, raising execution and liquidity risk over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified 'Rail + Property' business model
MTR’s Rail+Property model creates durable, multi-stream cash flows: fare revenue plus predictable rental income and lump-sum property development profits. This structural integration funds capital projects, smooths operating volatility from ridership cycles, and supports long-term cash generation.
Read all positive factors
MTR (0066) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$203.05B
Dividend Yield4.35%
Average Volume (3M)7.37M
Price to Earnings (P/E)13.2
Beta (1Y)0.51
Revenue Growth-0.99%
EPS Growth80.58%
CountryHK
Employees31,822
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)1.02
Shares Outstanding6,224,823,000
10 Day Avg. Volume4,532,962
30 Day Avg. Volume7,372,856
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.91
Price to Sales (P/S)2.81
P/FCF Ratio-182.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$30.74Price Target Upside-5.06% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering5
EPS Forecast (FY)2.71
Revenue Forecast (FY)HK$55.88B
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 Commerc...
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 it...
MTR Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| 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
Positive
32.38
Price Trends
34.61
Negative
32.52
Positive
29.86
Positive
Market Momentum
-0.71
Negative
43.39
Neutral
63.27
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 32.38 is below the 20-day moving average (MA) of 33.04, below the 50-day MA of 34.61, and above the 200-day MA of 29.86, indicating a neutral trend. The MACD of -0.71 indicates Negative momentum. The RSI at 43.39 is Neutral, neither overbought nor oversold. The STOCH value of 63.27 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$203.05B | 13.19 | 9.59% | 4.35% | -0.99% | 80.58% | |
74 Outperform | HK$23.15B | 9.75 | 4.72% | 3.48% | ― | ― | |
72 Outperform | HK$5.72B | 13.83 | 1.61% | 7.48% | 2.87% | -35.74% | |
66 Neutral | HK$67.46B | 11.56 | 9.85% | 4.07% | 14.48% | 12.74% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | HK$60.07B | 4.48 | 7.81% | 5.51% | 0.19% | 4.36% | |
51 Neutral | HK$2.36B | 47.75 | 7.67% | 0.87% | -14.80% | 11.92% |
* Industrials Sector Average
HK:0066
MTR
32.62
8.65
36.09%
HK:3969
China Railway Signal & Communication
3.53
0.71
25.22%
HK:0525
Guangshen Railway Company
2.30
0.79
52.62%
HK:3898
Zhuzhou CRRC Times Electric Co
37.00
11.98
47.89%
HK:0062
Transport International Holdings Limited
10.68
3.05
39.88%
HK:2169
Canggang Railway Limited
0.59
-0.49
-45.37%
MTR Corporate Events
MTR Sets Out Updated Board and Executive Roles Effective February 2026
Jan 30, 2026
MTR Corporation Limited has announced an updated list of its Board of Directors and Executive Directorate members, together with their respective roles on key governance committees and advisory panels, effective 1 February 2026. The disclosure con...
MTR Updates Board and Executive Committee Structure Effective 2026
Jan 28, 2026
MTR Corporation Limited has announced the updated composition of its Board of Directors and Executive Directorate, detailing the roles and committee memberships of its non-executive, independent non-executive and executive members, including the C...
MTR Updates Board and Executive Directorate Roles Effective 2026
Dec 31, 2025
MTR Corporation Limited has announced an updated list of members of its Board and Executive Directorate, along with their respective roles on key governance committees and advisory panels, effective from 1 January 2026. The structure confirms Dr J...
MTR Corporation Announces Board and Executive Directorate Composition
Nov 28, 2025
MTR Corporation Limited has announced the composition of its Board and Executive Directorate, highlighting the roles and functions of its members. This update is crucial for stakeholders as it outlines the leadership structure that will guide the ...
MTR Corporation Appoints New Alternate Director
Nov 20, 2025
MTR Corporation Limited has announced the appointment of Mr. Lai Yat-ching as an Alternate Director, effective from November 20, 2025. Mr. Lai, who has a substantial background in government service and holds various positions in Hong Kong’s...
MTR Corporation Announces Change in Board of Directors
Nov 6, 2025
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 wi...
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.