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Producer Manufacturing

Swire Pacific Ltd.

  • 86.70 HKD
  • -1.50
  • -1.70%
  • Hong Kong
    Jan 15, 2019
  • Ticker
    HKG(19)
  • Prev. close
    88.20
  • Market cap (HKD)
    119,796.22M
  • Market cap (USD)
    15,272.60M
  • Shares
    3,887.07M

In the news

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, Trading and Industrial, and Head Office. 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 1974 and is headquartered in Hong Kong.

Financial Highlights

Dec 2017 HKDUSD
Revenue80,289M10,302.94M
Gross Profit28,298M3,631.29M
Operating income10,624M1,363.30M
Income before tax35,506M4,556.24M
Net income26,070M3,345.38M
EBITDA14,236M1,826.81M
Diluted EPS17.342.22
Dividends Per Share2.100.26
Total Assets421,099M53,867.57M
Total liabilities115,005M14,711.60M
Total equity253,163M32,384.96M
Operating cash flow15,600M2,001.84M
Currency in HKDCurrency in USD

Historical Data

HKD | USD
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 51,437M 61,301M 60,885M 62,389M 80,289M
Gross Profit 20,605M 22,852M 22,747M 21,826M 28,298M
Operating income 10,549M 12,063M 9,913M 9,519M 10,624M
Income before tax 14,687M 15,603M 18,997M 15,748M 35,506M
Net income 13,291M 11,069M 13,429M 9,644M 26,070M
EBITDA 13,038M 14,887M 12,951M 12,694M 14,236M
Diluted EPS 8.83 7.36 8.93 6.41 17.34
Dividends Per Share 3.50 3.90 3.90 2.10 2.10
Total Assets 349,025M 357,335M 362,365M 373,498M 421,099M
Total liabilities 86,517M 95,205M 98,379M 101,330M 115,005M
Total equity 220,297M 218,775M 218,449M 224,879M 253,163M
Operating cash flow 11,857M 14,474M 11,963M 13,190M 15,600M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 6,631.34M 7,905.03M 7,853.52M 8,037.27M 10,302.94M
Gross Profit 2,656.43M 2,946.86M 2,934.12M 2,811.73M 3,631.29M
Operating income 1,359.99M 1,555.57M 1,278.67M 1,226.28M 1,363.30M
Income before tax 1,893.47M 2,012.07M 2,450.41M 2,028.73M 4,556.24M
Net income 1,713.49M 1,427.39M 1,732.19M 1,242.39M 3,345.38M
EBITDA 1,680.88M 1,919.74M 1,670.54M 1,635.30M 1,826.81M
Diluted EPS 1.13 0.94 1.15 0.82 2.22
Dividends Per Share 0.45 0.50 0.50 0.27 0.26
Total Assets 45,013.70M 46,078.90M 46,755.86M 48,173.70M 53,867.57M
Total liabilities 11,158.08M 12,276.83M 12,693.81M 13,069.52M 14,711.60M
Total equity 28,411.67M 28,211.37M 28,186.42M 29,004.85M 32,384.96M
Operating cash flow 1,528.62M 1,866.48M 1,543.10M 1,699.20M 2,001.84M

Valuation Measures

Dec 2017
PER4.17
ROA6.56%
ROE10.90%
Operating margin13.23%
Profit margin32.47%

Key executives

  • Finance Director & Executive Director: Mei Shuen Low
  • Executive Director-Beverages Division: Patrick Healy
  • Secretary: Yat Hung Fu

Shareholders

  • John Swire & Sons Ltd. (45.5%)
  • The Vanguard Group, Inc. (1.6%)
  • Schroder Investment Management Ltd. (1.4%)
  • Norges Bank Investment Management (1.2%)
  • BlackRock Fund Advisors (1.1%)
  • Lazard Asset Management LLC (0.7%)
  • Dimensional Fund Advisors LP (0.6%)
  • Henderson Global Investors Ltd. (0.5%)
  • State Street Global Advisors Asia Ltd. (0.5%)
  • Eastspring Investments (Hong Kong) Ltd. (0.4%)

Contact Details

Related Companies

  • International Automobiles Ltd. (Hong Kong)
  • Swire Foods Trading China Ltd.
  • Rise Merit Ltd.
  • 53 Stubbs Road (Management) Ltd.
  • Excel Marketing Ltd.
  • Swire Pacific Offshore Ltd.
  • Taikoo Motorcycle Ltd.
  • Swire Coca-Cola (S&D) Ltd.
  • Swire Coca-Cola Beverages Ltd.
  • Swire Pacific Offshore Services Pte Ltd.
  • Swire Pacific Ship Management (Australia) Pty Ltd.
  • Taikoo Motors Ltd.
  • Ying Feng (Shanghai) Real Estate Development Co. Ltd.
  • Taikoo Sugar (China) Ltd.
  • Swire Foods Holdings Ltd.
  • Swire Pacific Offshore Holding Pte Ltd.
  • Swire Pacific Offshore Pty Ltd.
  • Swire Pacific Holdings, Inc.
  • Swire Pacific Offshore Holding Ltd.
  • Swire Pacific Cold Storage Ltd.
  • Swire Industrial Ltd.
  • Banyan Ltd.
  • Swire Aviation Ltd.
  • Swire Coca Cola HK Ltd.
  • Hangzhou BC Foods Co., Ltd.
  • Guangdong Swire Coca Cola Co. Ltd.
  • Swire Coca Cola Bottling Co.
  • Swire Beverages Holdings Ltd.
  • Swire Pacific MTN Financing Ltd.
  • Swire Pacific Finance International Ltd.

Competitors

  • Bourbon Corp.
  • Odyssey Marine Exploration, Inc.

Copyright © 2019 FactSet Research Systems Inc. All rights reserved.

Last Updated on 15 Jan, 2019

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