MTR Corporation Limited (HK:0066)
:0066
Want to see HK:0066 full AI Analyst Report?
Top Page
MTR
(0066)
Select Model
Select Model
Rating:66Neutral
Price Target:
HK$38.00
â–²(11.63% Upside)
Action:DowngradedDate:04/22/26
The score is driven by attractive valuation (low P/E and a solid dividend) and supportive technicals. These positives are tempered by financial risks—especially persistently negative free cash flow and rising leverage—despite strong reported profitability.
Positive Factors
Diversified Rail + Property Model
MTR’s integrated ‘Rail + Property’ model combines recurring fare and station commercial rents with property development profits, creating multiple durable cash engines. This reduces reliance on a single revenue source and helps finance infrastructure, supporting long-term project funding and steady rental income streams.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow signals that accounting profits are not converting into surplus cash, constraining self-funded capex, dividend flexibility, and debt reduction. Over several quarters this raises reliance on external financing or property monetization, elevating structural financing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Rail + Property Model
MTR’s integrated ‘Rail + Property’ model combines recurring fare and station commercial rents with property development profits, creating multiple durable cash engines. This reduces reliance on a single revenue source and helps finance infrastructure, supporting long-term project funding and steady rental income streams.
Read all positive factors
MTR (0066) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$214.63B
Dividend Yield4.35%
Average Volume (3M)7.37M
Price to Earnings (P/E)13.2
Beta (1Y)0.50
Revenue Growth-7.58%
EPS Growth-6.97%
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 Ratio-1.86
Price to Book (P/B)0.96
Price to Sales (P/S)3.34
P/FCF Ratio-23.99
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$32.95Price Target Upside-3.20% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering6
EPS Forecast (FY)2.7
Revenue Forecast (FY)HK$55.85B
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 primarily makes money through a mix of transport operations, station/rail-related commercial income, and property-related earnings. (1) Fare and transport revenue: The core cash-generating activity is operating passenger rail services in Hong ...
MTR Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
63
Positive
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 55.47B | 60.01B | 56.98B | 47.81B | 47.20B |
| Gross Profit | 11.77B | 13.71B | 9.60B | 2.47B | 3.03B |
| EBITDA | 14.38B | 27.06B | 17.32B | 17.90B | 17.80B |
| Net Income | 14.04B | 15.77B | 7.78B | 9.83B | 9.55B |
Balance Sheet | |||||
| Total Assets | 398.94B | 367.50B | 346.43B | 327.08B | 292.08B |
| Cash, Cash Equivalents and Short-Term Investments | 44.24B | 27.89B | 22.38B | 16.37B | 21.20B |
| Total Debt | 122.43B | 77.68B | 59.63B | 47.99B | 43.90B |
| Total Liabilities | 206.04B | 181.37B | 167.57B | 147.17B | 112.05B |
| Stockholders Equity | 192.22B | 185.63B | 178.34B | 179.29B | 179.71B |
Cash Flow | |||||
| Free Cash Flow | -7.72B | -925.00M | -1.14B | -12.53B | -1.17B |
| Operating Cash Flow | 11.87B | 18.49B | 11.20B | 6.76B | 7.47B |
| Investing Cash Flow | -16.57B | -20.27B | -7.72B | -1.99B | 5.97B |
| Financing Cash Flow | 20.91B | 8.50B | 1.87B | -4.57B | -14.53B |
MTR Technical Analysis
Positive
34.04
Price Trends
34.60
Negative
32.78
Positive
30.11
Positive
Market Momentum
-0.09
Negative
55.95
Neutral
71.66
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 34.04 is above the 20-day moving average (MA) of 32.83, below the 50-day MA of 34.60, and above the 200-day MA of 30.11, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 55.95 is Neutral, neither overbought nor oversold. The STOCH value of 71.66 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$22.68B | 9.75 | 5.09% | 3.48% | ― | ― | |
71 Outperform | HK$1.14B | 4.31 | 8.94% | 1.38% | 15.60% | 469.61% | |
70 Outperform | HK$5.58B | 13.83 | 1.61% | 7.48% | 2.77% | 104.40% | |
66 Neutral | HK$214.63B | 13.19 | 6.97% | 4.35% | -7.58% | -6.97% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | HK$59.43B | 4.48 | 7.81% | 5.51% | 6.51% | 5.82% | |
56 Neutral | HK$116.92M | -33.99 | 2.17% | 8.79% | 6.83% | -91.46% |
* Industrials Sector Average
HK:0066
MTR
34.04
8.97
35.80%
HK:3969
China Railway Signal & Communication
3.61
0.66
22.29%
HK:0525
Guangshen Railway Company
2.36
0.68
40.48%
HK:0062
Transport International Holdings Limited
10.42
2.19
26.56%
HK:0306
Kwoon Chung Bus Holdings Limited
2.35
0.90
62.07%
HK:0077
AMS Public Transport Holdings Limited
0.43
0.06
16.22%
MTR Corporate Events
MTR Sets 2026 AGM to Vote on Dividend, Board Changes and Share Issuance Mandate
Apr 16, 2026
MTR Corporation Limited has scheduled its 2026 annual general meeting for 27 May as a hybrid event in Hong Kong, where shareholders will review the audited financial statements for 2025 and vote on a proposed final dividend. The meeting will also ...
MTR Updates Board and Executive Roles Ahead of 2026 Governance Term
Apr 1, 2026
MTR Corporation has released an updated list of its Board members and Executive Directorate, detailing their roles across key governance and oversight committees. The structure confirms Dr Jacob Kam as Chairman and Jeny Yeung as Chief Executive Of...
MTR Proposes HKD 0.89 Final Dividend for 2025 Financial Year
Mar 12, 2026
MTR Corporation Limited has announced a proposed final ordinary dividend of HKD 0.89 per share for the financial year ended 31 December 2025, with payment scheduled for 22 June 2026, subject to shareholder approval on 27 May 2026. The timetable se...
MTR Profit Eases as Overseas Revenue Softens but Property Gains and Rail Expansion Underpin Growth
Mar 12, 2026
MTR Corporation reported total revenue of HK$55.5 billion for 2025, down 7.6% year on year, as weaker performance from Chinese Mainland and international subsidiaries offset steady growth in Hong Kong transport operations. Net profit attributable ...
MTR Sets March Board Meeting to Approve 2025 Results and Consider Final Dividend
Feb 20, 2026
MTR Corporation has scheduled a board meeting for 12 March 2026 to approve the audited financial results for the year ended 31 December 2025 and to consider recommending a final dividend to shareholders. The timing signals the company’s prog...
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...
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.