Sun Hung Kai Properties Limited

HK$117.70As of Sun 8 Nov 2026, 12:00 UTC

HKEX:0016Real Estate

Country Hong Kong

PE (Fwd) •••

TSR 10Y CAGR 4.72%

Div yield 3.32%

ROE 3.49%

Real Estate (Development)

Beta (5Y) 0.79

PE TTM 15.92

TSR TTM 29.20%

Mkt cap HK$341.1B

ROIC 2.71%

SE Grade™

Value

Quality

Moat

Consensus

Reference

$114

(2.73%)

(90.16%)

Hold 0|12|6|11|7

TTM

FYE 30 Jun HKD

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

58.02

Revenue$B

43.05

43.98

44.95

45.26

46.55

47.93

48.23

48.71

50.45

51.83

59.55

2.17%

2.09%

3.02

Revenue growth%

23.06

21.84

22.72

22.89

22.76

25.43

23.80

22.43

22.23

20.50

26.64

22.43

22.74

10.35

Gross margin%

16.80

14.43

13.10

15.03

14.80

15.55

16.96

15.05

15.97

13.99

21.08

15.55

15.04

6.51

Operating margin%

6.54

4.35

2.46

5.21

5.39

5.76

8.17

9.45

8.15

9.09

25.05

8.17

6.15

3.42

Net margin%

0.40

0.47

3.32

0.61

0.40

2.88

0.40

25.82

0.40

9.492

P/E ratio (avg)x

37.85

41.36

45.65

44.87

44.84

47.37

44.82

44.53

41.60

39.77

33.61

44.53

44.67

31.61

EV/EBITx

32.23

36.88

36.34

34.24

35.34

39.65

40.19

36.86

33.66

34.77

34.85

36.86

35.84

13.48

FCF yield (avg)%

2.27

0.40

0.99

0.40

2.70

4.73

3.45

28.34

2.70

0.70

8.62

FCF margin%

18.38

17.69

18.05

18.35

19.18

18.95

16.18

17.63

16.35

14.69

5.03

16.35

17.87

1.368

FCF / Net incomex

0.510

0.471

0.427

0.439

0.408

0.373

0.330

0.342

0.325

0.296

0.396

0.330

0.391

10.41

ROIC%

20.07

20.03

20.15

22.59

21.84

20.68

23.47

21.87

20.72

18.88

6.03

20.72

20.70

28.39

Return on equity%

16.38

14.53

14.25

12.54

11.19

12.24

10.61

11.45

8.64

11.46

20.12

11.45

11.85

14.65

Return on assets%

20.24

17.98

17.44

16.56

15.78

13.40

10.89

9.56

9.74

10.79

12.49

10.79

14.59

11.23

EPS$

3.79

3.67

3.59

3.61

3.94

3.59

3.26

3.63

3.74

3.73

12.41

(1.05%)

1.08%

—

28.64

EPS growth%

27.06

25.80

27.35

29.76

30.85

29.95

31.82

32.37

30.29

30.62

19.61

30.62

30.12

13.18

Bookvalue per sh$

14.90

16.12

16.99

18.79

22.10

25.31

25.46

24.63

25.51

29.11

4.47

5.66%

7.46%

—

2.82

FCF per share$

8.92

8.11

8.37

9.39

9.29

8.45

8.03

8.09

7.64

7.88

10.03

(3.22%)

(1.47%)

—

4.70

Dividend per sh$

3.99

4.31

3.97

4.30

3.81

3.64

3.13

2.87

2.99

3.00

13.13

(4.65%)

(2.05%)

—

4.95

Div yield (avg)%

7.87

10.12

12.68

12.72

14.94

15.66

15.38

16.48

15.84

18.30

23.93

15.84

15.16

10.40

Payout ratio%

27.35

27.20

28.87

29.35

30.72

33.07

31.33

29.63

28.74

28.92

8.34

29.63

29.13

2.938

Shares (diluted)B

4.088

4.532

5.161

5.417

6.266

6.827

7.337

7.209

6.960

7.987

2.813

4.97%

7.99%

17.57

Buyback yield%

11.36

14.30

13.01

10.23

7.46

5.62

3.59

0.99

0.40

29.73

0.99

6.54

0.227

D/E ratiox

1.597

1.672

1.731

1.600

1.813

2.045

2.211

2.443

2.445

2.423

1.745

2.423

1.929

21.58

Enterprise value$B

77.92

85.08

81.56

96.87

109.5

118.3

120.9

136.0

132.3

157.5

7.233

7.55%

9.11%

23.51

LT debt$B

38.91

36.38

39.33

43.18

46.50

47.35

50.80

47.12

52.36

55.09

52.90

3.45%

2.98%

Peers (US$43.51B)

Cap (US$)

China Resources Land…

29.13B

8.460x

CK Asset Holdings…

21.93B

13.00x

China Overseas Land…

18.40B

11.23x

Emaar Properties PJSC

30.09B

5.709x

Capital

TTM

10Y

Leveragex

1.044

(0.077)

(0.081)

EBIT/Intx

1.151

0.303

0.291

Own earn%

16.38

3.50

4.46

Sh yield%

22.52

18.70

20.25

Owners

Insiders/Inst%

3.90

23.60

Short interest%

3.36

SBC / revenue%

2.59

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

2–9

$1 testx

2.9

Incr. ROIC%

Sun Hung Kai Properties Limited, an investment holding company, develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally. It develops, sells, and leases properties, including residential estates, offices, shopping malls, and hotels and serviced suites.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$51.83B

2.09%

1.00×

Cost of revenue

$35.82B

2.57%

1.05×

Operating expenses

$8.971B

1.20%

0.92×