Kerry Properties (0683) AI Stock Analysis

• Market Cap: $29.55B
• Dividend Yield: 6.48%
• Average Volume (3M): 2.47M
• Price to Earnings (P/E): 46.8
• Beta (1Y): 0.78
• Revenue Growth: 76.12%
• EPS Growth: -72.44%
• Country: HK
• Employees: 7,500
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 0.67
• Shares Outstanding: 1,451,305,800
• 10 Day Avg. Volume: 1,296,446
• 30 Day Avg. Volume: 2,471,052
• PEG Ratio: -0.37
• Price to Book (P/B): 0.22
• Price to Sales (P/S): 1.16
• P/FCF Ratio: -5.72
• Enterprise Value/Market Cap: 3.00
• Enterprise Value/Revenue: 3.94
• Enterprise Value/Gross Profit: 13.51
• Enterprise Value/Ebitda: 17.42
• 1Y Price Target: $21.78
• Price Target Upside: 4.53% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 53 Neutral
• Price Target: HK$21.00 ▲(0.77% Upside)

Kerry Properties' overall score is driven by strong revenue growth but hindered by declining profitability and cash flow issues. The technical indicators suggest mild bullish momentum, while the high P/E ratio indicates overvaluation despite an attractive dividend yield.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for Kerry Properties' developments, enhancing its market position and long-term growth prospects.

Market Position

Kerry Properties' focus on premium urban areas ensures continued demand and supports its competitive advantage in the real estate market.

Balance Sheet Health

A stable balance sheet with moderate leverage provides financial flexibility and reduces risk, supporting long-term operational stability.

Negative Factors

Declining Profitability

Decreasing profitability may indicate cost management issues, potentially impacting future earnings and investment capabilities.

Cash Flow Challenges

Negative operating cash flow suggests difficulties in cash management, which could constrain growth and investment opportunities.

Margin Sustainability

Falling gross margins may reflect increased costs or pricing pressures, challenging the company's ability to maintain profitability.

Kerry Properties Business Overview & Revenue Model

Company Description

Kerry Properties Limited, an investment holding company, engages in the development, investment, management, and trading of properties in Hong Kong, Mainland China, and the Asia Pacific region. The company also owns and operates hotels; and offers logistics and international freight forwarding, consultancy, administrative support, project management, financial, IT system and consultancy, estate agency, and construction services. In addition, it is involved in the warehouse operations, as well as operation of restaurants, recreation parks, and ice rinks. The company was founded in 1978 and is headquartered in Quarry Bay, Hong Kong. Kerry Properties Limited is a subsidiary of Kerry Group Limited.

How the Company Makes Money

Kerry Properties primarily generates revenue through its property development and investment activities. The company earns income from the sale of residential properties, leasing of commercial and retail properties, and management of real estate assets. Additionally, Kerry Properties benefits from its investments in joint ventures and partnerships, which help to diversify and strengthen its revenue streams. The company's strategic focus on high-demand urban areas in Mainland China and Hong Kong, coupled with its expertise in property management, contributes significantly to its earnings.

Kerry Properties Financial Statement Overview

Summary

Kerry Properties has shown mixed financial performance with strong revenue growth but declining profitability and cash flow challenges. The balance sheet remains relatively stable with moderate leverage. The company needs to address profitability issues and improve cash flow management to enhance financial health.

Income Statement

Kerry Properties experienced significant fluctuations in revenue and margins. The gross profit margin decreased to 32.74% in 2024 from 51.35% in 2023, and the net profit margin fell to 4.14% from 24.77%. However, revenue grew by 49% in 2024, indicating strong growth potential, despite a decline in profitability.

Balance Sheet

The company's debt-to-equity ratio was 0.60 in 2024, suggesting moderate leverage. The equity ratio remained stable at 51.31%, reflecting solid asset backing. Return on equity dropped to 0.78% from 3.02%, indicating lower returns on shareholders' investments.

Cash Flow

Operating cash flow turned negative in 2024, indicating cash management challenges. The free cash flow growth rate is not calculable due to unavailable data, showing potential weaknesses in cash generation and investment strategies.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	22.52B	19.50B	13.09B	14.59B	15.33B	14.53B
Gross Profit	6.57B	6.39B	6.72B	6.98B	8.74B	8.39B
EBITDA	5.09B	4.64B	8.13B	5.95B	7.39B	7.37B
Net Income	631.96M	808.00M	3.24B	2.75B	10.36B	5.40B
Balance Sheet
Total Assets	208.60B	201.35B	208.43B	201.47B	200.06B	195.77B
Cash, Cash Equivalents and Short-Term Investments	12.64B	10.98B	13.54B	11.70B	18.30B	17.55B
Total Debt	59.64B	59.62B	55.22B	54.99B	37.85B	45.28B
Total Liabilities	90.43B	84.70B	87.28B	78.99B	67.74B	71.11B
Stockholders Equity	104.26B	103.31B	107.26B	108.79B	116.83B	109.87B
Cash Flow
Free Cash Flow	9.38B	-3.94B	-5.34M	-23.36B	11.23B	1.38B
Operating Cash Flow	9.63B	1.17B	4.98B	1.33B	11.93B	5.95B
Investing Cash Flow	-5.18B	-5.40B	-2.45B	-17.14B	8.30B	-4.18B
Financing Cash Flow	-4.27B	2.09B	-47.18M	13.55B	-13.58B	1.82B

Kerry Properties Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 20.84
• 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:0683, the sentiment is Positive. The current price of 20.84 is below the 20-day moving average (MA) of 21.13, above the 50-day MA of 20.64, and above the 200-day MA of 17.76, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 50.98 is Neutral, neither overbought nor oversold. The STOCH value of 26.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0683.

Kerry Properties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1908	74 Outperform	HK$38.62B	5.92	20.21%	6.96%	1.26%	-0.20%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
3900	56 Neutral	$22.88B	15.86	-0.67%	3.64%	-1.08%	-109.20%
0683	53 Neutral	$29.55B	46.76	0.61%	6.48%	76.12%	-72.44%
1030	50 Neutral	HK$17.11B	70.96	0.46%	―	-30.32%	―
0817	46 Neutral	HK$19.85B	38.48	1.20%	2.05%	-8.18%	―
1918	44 Neutral	$18.58B	―	-59.81%	―	-53.05%	-169.35%

Kerry Properties Corporate Events

Kerry Properties Schedules Board Meeting for Interim Results and Dividend Consideration

Kerry Properties Limited announced that a board meeting is scheduled for August 20, 2025, to approve the interim results for the first half of the year and consider an interim dividend. This meeting could impact the company’s financial strategies and shareholder returns, reflecting its operational performance and market positioning.

The most recent analyst rating on (HK:0683) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Kerry Properties stock, see the HK:0683 Stock Forecast page.

Kerry Properties Announces Successful AGM Resolutions

Kerry Properties Limited announced that all resolutions proposed at its annual general meeting on May 23, 2025, were successfully passed by way of poll. The resolutions included the adoption of financial statements, declaration of a final dividend, re-election of directors, and amendments to the company’s Bye-laws. These outcomes reflect strong shareholder support and are expected to positively impact the company’s governance and operational strategies.

The most recent analyst rating on (HK:0683) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Kerry Properties stock, see the HK:0683 Stock Forecast page.

Kerry Properties Enhances Governance with New Nomination Committee

Kerry Properties Limited has established a Nomination Committee to enhance its corporate governance practices in compliance with HKEX regulations. The committee is tasked with reviewing the board’s structure, identifying potential directors, assessing director independence, and ensuring board diversity, which are crucial for aligning the board’s composition with the company’s strategic objectives.

The most recent analyst rating on (HK:0683) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Kerry Properties stock, see the HK:0683 Stock Forecast page.

Kerry Properties Establishes Remuneration Committee for Transparent Compensation Practices

Kerry Properties Limited has established a Remuneration Committee to oversee and recommend policies related to the remuneration of directors and senior management. This committee is tasked with ensuring transparent and fair compensation practices, aligning with corporate goals and market standards, and advising shareholders on remuneration matters requiring their approval.

The most recent analyst rating on (HK:0683) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Kerry Properties stock, see the HK:0683 Stock Forecast page.

Kerry Properties Announces New Appointments to Nomination Committee

Kerry Properties Limited has announced changes to its Nomination Committee, appointing Dr. Li Rui and Ms. Tong Shao Ming as new members. This strategic move is likely to impact the company’s governance structure, potentially influencing its decision-making processes and enhancing its leadership capabilities.

The most recent analyst rating on (HK:0683) stock is a Buy with a HK$19.60 price target. To see the full list of analyst forecasts on Kerry Properties stock, see the HK:0683 Stock Forecast page.

Kerry Properties Announces Board and Committee Composition

Kerry Properties Limited has announced the composition of its board of directors as of May 23, 2025. The board includes Executive Director Mr. Kuok Khoon Hua, who also serves as Chairman and CEO, along with Independent Non-executive Directors Mr. Hui Chun Yue, Mr. Chum Kwan Lock, and Dr. Li Rui, and Non-executive Director Ms. Tong Shao Ming. The company has also detailed the membership of its four board committees, which include the Audit and Corporate Governance Committee, Finance Committee, Remuneration Committee, and Nomination Committee, highlighting the roles of each director in these committees. This announcement reflects the company’s commitment to maintaining a structured governance framework, which is crucial for its strategic decision-making and operational oversight.

The most recent analyst rating on (HK:0683) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Kerry Properties stock, see the HK:0683 Stock Forecast page.

Kerry Properties Announces Cash Advance for Tianjin Project

Kerry Properties has announced a connected transaction involving a cash advance agreement between its subsidiary, Kerry (Shenyang) Real Estate Development Co., Ltd. (KSRE), and a joint venture, Tianjin Kerry Real Estate Development Co., Ltd. (TKRE), for the Tianjin Project. This agreement involves a loan of up to RMB250,000,000 to be used for development construction costs and daily operating expenses. The transaction is subject to certain reporting requirements under Hong Kong’s Listing Rules but is exempt from shareholder approval. This strategic financial move is expected to support the operational needs of the Tianjin Project, potentially enhancing Kerry Properties’ market position in the real estate sector.

The most recent analyst rating on (HK:0683) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Kerry Properties stock, see the HK:0683 Stock Forecast page.