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Swire Pacific Limited Class B (HK:0087)
:0087
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Swire Pacific Limited Class B
(0087)
Rating:75Outperform
Price Target:―
Swire Pacific Limited Class B (0087) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$83.41B
Dividend Yield6.19%
Average Volume (3M)594.94K
Price to Earnings (P/E)3.5
Beta (1Y)0.44
Revenue Growth-13.56%
EPS Growth-84.68%
CountryHK
Employees87,000
SectorIndustrials
Sector Strength91
IndustryConglomerates
Share Statistics
EPS (TTM)0.32
Shares Outstanding2,856,290,000
10 Day Avg. Volume562,584
30 Day Avg. Volume594,942
Financial Highlights & Ratios
PEG Ratio-1.98
Price to Book (P/B)2.81
Price to Sales (P/S)0.00
P/FCF Ratio15.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Swire Pacific Limited Class B Business Overview & Revenue Model
Company DescriptionSwire Pacific Limited engages in property, aviation, beverages, marine, and trading and industrial businesses in Hong Kong, Mainland China, rest of Asia, the United States, and internationally. The company's Property division develops, owns, and operates mixed-use properties. This division's property investment portfolio comprises office and retail premises, serviced apartments, other luxury residential accommodations, and commercial mixed-use developments; and trading portfolio consists of residential properties. It also owns and manages two hotels in Hong Kong and four hotels in Mainland China, as well as owns interests in the Mandarin Oriental hotel in the United States. The company's Aviation division provides flight catering and ramp, passenger and cargo services, and aircraft maintenance and modification services. As of December 31, 2021, it had a fleet of 234 aircraft. Its Beverages division owns rights to manufacture, market, and distribute refreshing soft drinks to consumers. The company's Trading & Industrial division retails and distributes footwear, apparel, and accessories through its 164 retail outlets; sells passenger cars, commercial vehicles, motorcycles, and scooters; operates a chain of 538 bakery stores; packages and sells sugar products under the Taikoo Sugar brand; and offers waste management services. The company was founded in 1816 and is based in Central, Hong Kong.
How the Company Makes MoneySwire Pacific Limited Class B makes money through a diversified revenue model that spans multiple sectors. In the property sector, the company earns revenue from leasing and management of commercial and retail properties, as well as from property development and sales. In aviation, Swire Pacific generates income through its significant investment in Cathay Pacific Airways, benefiting from passenger and cargo services. The beverages segment contributes to its earnings through the production, distribution, and sale of beverages, primarily in partnership with The Coca-Cola Company. The marine services division provides offshore support services, while the trading and industrial sector involves various businesses, including automotive trading and manufacturing. Strategic partnerships, such as those with The Coca-Cola Company and its stake in Cathay Pacific, play a crucial role in its earnings, providing stable revenue streams across different economic cycles.
Swire Pacific Limited Class B Earnings Call Summary
Earnings Call Date:Mar 13, 2025
(Q4-2024)
| % Change Since: -0.82%|
Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mix of positive developments and challenges. Strategic investments in key regions, strong performance in the aviation sector, and growth in the Chinese Mainland beverages market were notable highlights. However, challenges such as a decline in recurring profits, lower office rental income in Hong Kong, and supply chain issues in the aviation sector were significant concerns.Q4-2024 Updates
Positive Updates
Investment in Strategic Regions
Swire Pacific committed 67% of their HK$100 billion investment plan, focusing on the Greater Bay Area, INDIGO projects in Beijing, and new residential projects in Shanghai.
Cathay Pacific's Strong Performance
Cathay Pacific achieved a 45% growth in recurring profit, attributed to robust demand for passenger travel and strong cargo performance, also committing HK$100 billion in re-fleeting over the next seven years.
Increase in Dividend
Swire Pacific increased its dividend by 5% despite a challenging operating environment.
Chinese Mainland Beverages Growth
Recurring profit from the Chinese Mainland went up by 11%, driven by price increases and strong market execution.
Healthcare Expansion
Swire Pacific completed acquisitions in the healthcare sector, including a hospital in Shanghai and an investment in 70 hospitals in Indonesia, with a planned HK$20 billion investment over 10 years.
Negative Updates
Decline in Recurring Underlying Profit
Recurring underlying profit declined by 11% from the prior year, primarily due to the sale of the US bottler in 2023.
Lower Office Rental Income in Hong Kong
There was a continued decline in office rental income in Hong Kong, contributing to lower profits in the property division.
Challenges in Southeast Asia Beverages
The EBITDA in Vietnam and Cambodia decreased by 7%, affected by exchange rate fluctuations and higher relocation costs.
Aviation Industry Supply Chain Challenges
Supply chain challenges continue to affect the aviation industry, including Cathay Pacific, impacting equipment orders and operations.
Company Guidance
During the Swire Pacific 2024 Annual Results Analyst Briefing, several key metrics were highlighted by the leadership team. Despite a challenging operating environment, Swire Properties committed 67% of their HK$100 billion investment plan, with significant investments in the Greater Bay Area and new residential projects in Shanghai. The company's recurring underlying profit was reported at HK$9.3 billion, down 11% year-over-year, primarily due to the disposal of the US bottler in 2023. However, excluding this, there was a slight gain in recurring profit. As a result, dividends were increased by 5%. The beverage segment saw a decrease in overall profit due to the US bottler sale, but Chinese Mainland's recurring profit rose by 11%, driven by price increases. The aviation sector, particularly Cathay Pacific, showed strong performance with a 45% growth in recurring profit, supported by passenger travel demand and cargo performance. Swire Pacific maintained a healthy gearing ratio of 22.1%, with net debt at HK$70 billion and significant liquidity of over HK$43 billion. The company also focused on sustainability, with Swire Properties achieving top rankings in the Dow Jones Index for Real Estate.Swire Pacific Limited Class B Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 82.84B | 81.97B | 94.82B | 91.17B | 90.80B | 80.03B | Gross Profit |
| 30.98B | 30.46B | 35.15B | 34.19B | 35.28B | 30.21B | EBIT |
| 9.98B | 4.24B | 30.62B | 11.83B | 12.10B | -3.10B | EBITDA |
| 34.78B | 14.62B | 35.57B | 16.07B | 16.41B | 8.55B | Net Income Common Stockholders |
| 28.55B | 4.32B | 28.85B | 6.27B | 5.12B | -10.10B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 4.18B | 21.03B | 14.08B | 11.61B | 22.89B | 29.26B | Total Assets |
| 270.57B | 476.56B | 447.75B | 434.77B | 436.32B | 433.11B | Total Debt |
| 43.12B | 99.47B | 74.90B | 73.29B | 66.89B | 73.32B | Net Debt |
| 39.31B | 79.65B | 63.06B | 61.67B | 43.99B | 44.05B | Total Liabilities |
| 61.52B | 157.89B | 122.98B | 118.83B | 112.15B | 113.96B | Stockholders Equity |
| 204.45B | 258.30B | 268.13B | 258.46B | 266.95B | 262.69B |
| Cash Flow | Free Cash Flow | ||||
| 5.61B | 6.05B | 6.32B | 4.73B | 7.45B | 8.46B | Operating Cash Flow |
| 9.49B | 10.46B | 9.92B | 8.16B | 11.66B | 11.46B | Investing Cash Flow |
| 15.00B | -14.60B | 13.03B | -17.54B | -6.34B | 1.73B | Financing Cash Flow |
| -20.16B | 12.62B | -21.73B | -1.40B | -12.34B | -5.69B |
Swire Pacific Limited Class B Technical Analysis
Positive
10.82
Price Trends
10.45
Positive
10.42
Positive
10.17
Positive
Market Momentum
0.07
Negative
59.15
Neutral
85.42
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0087, the sentiment is Positive. The current price of 10.82 is above the 20-day moving average (MA) of 10.67, above the 50-day MA of 10.45, and above the 200-day MA of 10.17, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 59.15 is Neutral, neither overbought nor oversold. The STOCH value of 85.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0087.
Swire Pacific Limited Class B Peers Comparison
Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $213.26B | 12.15 | 11.23% | 6.11% | -2.77% | 4.04% | |
75 Outperform | HK$83.41B | 3.54 | 1.64% | 6.19% | -13.56% | -84.68% | |
70 Outperform | $74.12B | 19.49 | 2.17% | 7.43% | -30.38% | -43.73% | |
68 Neutral | $83.41B | 22.03 | 1.64% | 5.09% | -13.56% | -84.68% | |
66 Neutral | $4.51B | 12.29 | 5.40% | 248.53% | 4.14% | -12.41% | |
65 Neutral | $68.91B | ― | -2.30% | 1.99% | -36.07% | -441.20% | |
47 Neutral | $11.70B | ― | -10.34% | 10.75% | -56.64% | -3398.20% |
* Industrials Sector Average
Performance Comparison
HK:0087
Swire Pacific Limited Class B
10.82
1.46
15.60%
HK:0083
Sino Land Co
8.10
0.53
6.99%
HK:0017
New World Development
4.65
-3.41
-42.31%
HK:0004
Wharf (Holdings)
22.55
0.75
3.43%
HK:0011
Hang Seng Bank
113.30
13.48
13.50%
HK:0019
Swire Pacific
67.40
4.98
7.97%
Swire Pacific Limited Class B Corporate Events
Swire Pacific Limited Declares Second Interim Dividend for 2024
Mar 13, 2025
Swire Pacific Limited has announced a second interim ordinary dividend of HKD 0.42 per share for the financial year ending 31 December 2024. The ex-dividend date is set for 9 April 2025, with the payment date scheduled for 9 May 2025. This dividend announcement reflects the company’s ongoing commitment to providing shareholder returns and may influence investor sentiment positively.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.