Swire Pacific Limited (SWRAY)
OTHER OTC:SWRAY
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Swire Pacific
(OTC:SWRAY)
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Rating:71Outperform
Price Target:
$12.00
â–²(41.51% Upside)
Action:ReiteratedDate:03/14/26
The score is driven primarily by solid financial resilience (strong balance sheet and reliable cash generation) and supportive technical momentum. These positives are tempered by uneven profitability and a relatively high P/E multiple, while the latest earnings call was moderately constructive but flagged regional and profit headwinds.
Positive Factors
Robust equity ratio
A 54.2% equity ratio and modest leverage (debt-to-equity ~0.37) indicate a strong capital base. This durable financial strength gives Swire flexibility to fund development projects, absorb property valuation swings, maintain dividends and pursue opportunistic M&A without stressing liquidity over the medium term.
Negative Factors
Plummeting ROE
ROE collapsing to 1.67% signals a sharp deterioration in capital efficiency. Persistently low ROE can erode shareholder value, limit retained-earnings reinvestment appeal, and signal the need for structural changes or asset reallocations if margins and returns are not restored over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust equity ratio
A 54.2% equity ratio and modest leverage (debt-to-equity ~0.37) indicate a strong capital base. This durable financial strength gives Swire flexibility to fund development projects, absorb property valuation swings, maintain dividends and pursue opportunistic M&A without stressing liquidity over the medium term.
Read all positive factors
Swire Pacific (SWRAY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$13.56B
Dividend Yield5.04%
Average Volume (3M)5.90K
Price to Earnings (P/E)28.9
Beta (1Y)-0.01
Revenue Growth6.84%
EPS Growth-95.35%
CountryUS
Employees87,000
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)0.20
Shares Outstanding778,988,000
10 Day Avg. Volume3,156
30 Day Avg. Volume5,903
Financial Highlights & Ratios
PEG Ratio-1.01
Price to Book (P/B)0.33
Price to Sales (P/S)0.94
P/FCF Ratio9.48
Enterprise Value/Market Cap14.33
Enterprise Value/Revenue2.15
Enterprise Value/Gross Profit5.77
Enterprise Value/Ebitda15.07
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.04
Revenue Forecast (FY)$12.31B
Swire Pacific Business Overview & Revenue Model
Company Description
Swire 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 o...
How the Company Makes Money
Swire Pacific generates revenue through multiple key streams. Its property division, Swire Properties, earns income through leasing and selling residential and commercial properties, benefiting from the high demand in Hong Kong and mainland China....
Swire Pacific Earnings Call Summary
Earnings Call Date:Aug 07, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong performances in the Property and Aviation divisions, along with significant investments and achievements in the Beverages segment despite some regional challenges. However, the call also acknowledged difficulties in the Southeast Asia beverage market, a decline in statutory profit, and ongoing softness in the Hong Kong office market.Positive Updates
Strong Underlying Profit from Property Division
The Property division showed strong underlying profit, benefiting from the disposal of retail properties and land in Miami. The division is 67% committed to its HKD 100 billion investment plan over the next 10 years, with 7 major projects under construction in the Chinese Mainland.
Negative Updates
Challenges in Southeast Asia Beverages Segment
The Beverages segment faced challenges in Southeast Asia, with EBITDA decreasing by 28% in Vietnam and Cambodia due to the depreciation of the Vietnamese dong, competitive environment in Thailand, and expenses related to the relocation of the Ho Chi Minh plant.
Read all updates
Q2-2025 Updates
Positive
Negative
Strong Underlying Profit from Property Division
The Property division showed strong underlying profit, benefiting from the disposal of retail properties and land in Miami. The division is 67% committed to its HKD 100 billion investment plan over the next 10 years, with 7 major projects under construction in the Chinese Mainland.
Read all positive updates
Company Guidance
During the Swire Pacific 2025 Interim Results Analyst Briefing, the company provided guidance on several key metrics and strategic directions. The Property division demonstrated strong underlying profit, bolstered by significant disposals in Miami, which has already achieved 67% of its HKD 100 billion investment plan within three years. Seven major projects are under construction in the Chinese Mainland, indicating robust development activity. Swire Properties saw success with the sale of residences in Lujiazui Taikoo Yuan, Shanghai, marking a milestone in the residential sector. The Beverages division reported a solid performance, with four new production plants under construction in the Chinese Mainland and the inauguration of a new plant in Vietnam. Aviation continued to thrive, with Cathay Pacific and HAECO performing well, the latter achieving a 40% growth in recurring profit in the first half. Financially, the group maintained an underlying profit of HKD 5.5 billion and a recurring underlying profit of HKD 4.7 billion, with a decision to increase ordinary dividends per A Share by 4% to HKD 1.30. The company emphasized a strong balance sheet with a gearing of 23% and a weighted average cost of debt at 3.7%. Additionally, Swire Pacific is committed to sustainability, with Swire Properties and Swire Beverages leading in renewable energy usage, contributing to 60% and 55% respectively of their energy consumption.Swire Pacific Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
80
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 90.31B | 81.97B | 94.82B | 91.17B | 90.80B |
| Gross Profit | 33.68B | 30.46B | 35.15B | 34.19B | 35.28B |
| EBITDA | 10.86B | 14.62B | 40.58B | 16.07B | 16.41B |
| Net Income | 2.93B | 4.32B | 28.85B | 4.20B | 5.12B |
Balance Sheet | |||||
| Total Assets | 476.37B | 476.56B | 447.75B | 434.77B | 436.32B |
| Cash, Cash Equivalents and Short-Term Investments | 23.17B | 21.03B | 14.08B | 11.61B | 22.89B |
| Total Debt | 27.01B | 96.61B | 74.90B | 73.29B | 66.89B |
| Total Liabilities | 160.16B | 157.89B | 122.98B | 118.83B | 112.15B |
| Stockholders Equity | 259.55B | 258.30B | 268.13B | 258.46B | 266.95B |
Cash Flow | |||||
| Free Cash Flow | 8.94B | 5.89B | 6.32B | 4.73B | 7.45B |
| Operating Cash Flow | 14.53B | 10.46B | 9.92B | 8.16B | 11.66B |
| Investing Cash Flow | -1.69B | -14.60B | 13.03B | -17.54B | -6.34B |
| Financing Cash Flow | -12.30B | 12.62B | -21.73B | -1.40B | -12.34B |
Swire Pacific Technical Analysis
Neutral
8.48
Price Trends
10.52
Positive
9.57
Positive
9.07
Positive
Market Momentum
0.18
Positive
54.00
Neutral
75.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SWRAY, the sentiment is Neutral. The current price of 8.48 is below the 20-day moving average (MA) of 11.01, below the 50-day MA of 10.52, and below the 200-day MA of 9.07, indicating a neutral trend. The MACD of 0.18 indicates Positive momentum. The RSI at 54.00 is Neutral, neither overbought nor oversold. The STOCH value of 75.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SWRAY.
Swire Pacific Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $13.56B | 28.91 | 1.14% | 5.04% | 6.84% | -95.35% | |
71 Outperform | $8.33B | 23.29 | 20.28% | 0.63% | 1.23% | -22.77% | |
69 Neutral | $150.06B | 24.26 | 31.25% | 2.24% | 7.48% | 9.55% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $3.64B | 12.77 | 38.69% | 1.01% | -3.95% | -74.65% | |
55 Neutral | $79.27B | 26.32 | 71.89% | 1.82% | -13.09% | -20.63% | |
49 Neutral | $4.91B | -14.82 | -10.91% | 27.59% | -8.45% | 27.66% |
* Industrials Sector Average
SWRAY
Swire Pacific
11.21
3.48
44.92%
MMM
3M
150.50
19.94
15.27%
GFF
Griffon
78.17
9.36
13.61%
HON
Honeywell International
236.06
57.68
32.34%
IEP
Icahn Enterprises
7.70
1.32
20.67%
VMI
Valmont
426.31
150.22
54.41%
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.