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Consumer Non-Durables

Swire Pacific Ltd.

Company Background

Swire Pacific is a Hong Kong conglomerate with a workforce of over 130,000 staff around the world. It operates business units in the areas of property development, aviation, marine services, beverages and trading. John Slosar became its chairman in 2014. U.K-based John Swire & Sons holds a 49% stake in Swire Pacific.

The conglomerate owns 82% of Hong Kong-listed Swire Properties, one of the region's leading property developers. Swire Properties operates offices properties, hotels, and major shopping malls in Hong Kong, mainland China, and the U.S.

The company has a 45% stake in Cathay Pacific Airways, the special administrative region's flag carrier, offering passenger and cargo services to about 200 cities worldwide. Its marine services unit, Swire Pacific Offshore, owns and operates around 90 offshore support vessels.

Swire's beverages unit has had a strategic partnership with Coca-Cola since the 1960s, and became one of the largest franchises in the world. It manufactures 57 brands and supplies a franchise population of more than 450 million people. Its sales territories include the U.S., Hong Kong, Taiwan and seven provinces in mainland China.

Its trading and industrial division includes automotive trading in Hong Kong, mainland China, Taiwan, Malaysia. It also operates wholesale and retail sales of casual shoes, apparel and accessories across China.

Business Summary

Swire Pacific Ltd. is a holding company with diversified interests. It operates through the following divisions: Property, Aviation, Beverages, Marine Services, and Trading and Industrial. The Property division designs, develops and manages mixed-use developments that successfully transform urban areas. The Aviation division provides cargo airlines, aircraft engineering, catering and airport services. The Beverages division involves bottling, distribution, and delivery of beverage products. The Marine Services division includes international offshore energy support, and dockyard and towage services. The Trading and Industrial division engages in the retail and distribution of apparel and motor vehicles and is involved in the sugar and paint businesses. The company was founded in 1816 and is headquartered in Hong Kong.

Financial Highlights

Dec 2021 HKDUSD
Revenue90,802M11,681.96M
Gross Profit35,278M4,538.62M
Operating income11,774M1,514.76M
Income before tax10,361M1,332.97M
Net income4,963M638.50M
EBITDA15,845M2,038.50M
Diluted EPS3.310.42
Dividends Per Share2.600.33
Total Assets436,316M55,964.49M
Total liabilities112,148M14,384.77M
Total equity266,950M34,240.60M
Operating cash flow11,665M1,500.73M
Currency in HKDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 80,289M 84,606M 85,652M 78,356M 90,802M
Gross Profit 28,298M 30,867M 31,821M 30,497M 35,278M
Operating income 10,624M 10,450M 10,693M 9,642M 11,774M
Income before tax 35,506M 32,346M 11,750M 5,891M 10,361M
Net income 26,070M 23,629M 9,007M -5,993M 4,963M
EBITDA 14,236M 14,248M 15,516M 13,820M 15,845M
Diluted EPS 17.34 15.73 5.99 -7.32 3.31
Dividends Per Share 2.10 3 3 1.70 2.60
Total Assets 421,099M 436,405M 441,397M 433,110M 436,316M
Total liabilities 115,005M 111,290M 111,903M 113,964M 112,148M
Total equity 253,163M 270,424M 273,352M 262,692M 266,950M
Operating cash flow 15,600M 15,436M 10,541M 11,459M 11,665M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 10,302.94M 10,794.96M 10,931.69M 10,102.63M 11,681.96M
Gross Profit 3,631.29M 3,938.35M 4,061.28M 3,932.05M 4,538.62M
Operating income 1,363.30M 1,333.32M 1,364.73M 1,243.16M 1,514.76M
Income before tax 4,556.24M 4,127.05M 1,499.64M 759.54M 1,332.97M
Net income 3,345.38M 3,014.84M 1,149.55M -772.69M 638.50M
EBITDA 1,826.81M 1,817.91M 1,980.29M 1,781.84M 2,038.50M
Diluted EPS 2.22 2.00 0.76 -0.94 0.42
Dividends Per Share 0.26 0.38 0.38 0.21 0.33
Total Assets 53,867.57M 55,739.62M 56,648.91M 55,857.41M 55,964.49M
Total liabilities 14,711.60M 14,214.46M 14,361.63M 14,697.73M 14,384.77M
Total equity 32,384.96M 34,539.77M 35,082.00M 33,878.91M 34,240.60M
Operating cash flow 2,001.84M 1,969.49M 1,345.33M 1,477.43M 1,500.73M

Valuation Measures

Dec 2021
PER13.38
ROA1.14%
ROE1.87%
Operating margin12.96%
Profit margin5.46%

Key executives

  • Executive Director & Finance Director: Martin James Murray
  • Secretary: Bernadette Mak Lomas

Shareholders

  • John Swire & Sons Ltd. (48.9%)
  • BlackRock Fund Advisors (1.7%)
  • The Vanguard Group, Inc. (1.5%)
  • First Pacific Advisors LP (1.1%)
  • Norges Bank Investment Management (1.0%)
  • Jupiter Asset Management Ltd. (0.5%)
  • BlackRock Advisors (UK) Ltd. (0.4%)
  • Dimensional Fund Advisors LP (0.4%)
  • BlackRock Investment Management (UK) Ltd. (0.3%)
  • Geode Capital Management LLC (0.3%)

Contact Details

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  • Swire Guangdong Coca-Cola Zhanjiang Ltd.
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Competitors

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