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Producer Manufacturing

Swire Pacific Ltd.

  • 93.80 HKD
  • -1.30
  • -1.37%
  • Hong Kong
    Jul 22, 2019
  • Ticker
    HKG(19)
  • Prev. close
    95.10
  • Market cap (HKD)
    129,918.57M
  • Market cap (USD)
    16,644.49M
  • Shares
    3,887.07M

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 2018 HKDUSD
Revenue84,606M10,794.96M
Gross Profit30,867M3,938.35M
Operating income10,450M1,333.32M
Income before tax32,346M4,127.05M
Net income23,629M3,014.84M
EBITDA14,248M1,817.91M
Diluted EPS15.732.00
Dividends Per Share30.38
Total Assets436,405M55,739.62M
Total liabilities111,290M14,214.46M
Total equity270,424M34,539.77M
Operating cash flow15,436M1,969.49M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 61,301M 60,885M 62,389M 80,289M 84,606M
Gross Profit 22,852M 22,747M 21,826M 28,298M 30,867M
Operating income 12,063M 9,913M 9,519M 10,624M 10,450M
Income before tax 15,603M 18,997M 15,748M 35,506M 32,346M
Net income 11,069M 13,429M 9,644M 26,070M 23,629M
EBITDA 14,887M 12,951M 12,694M 14,236M 14,248M
Diluted EPS 7.36 8.93 6.41 17.34 15.73
Dividends Per Share 3.90 3.90 2.10 2.10 3
Total Assets 357,335M 362,365M 373,498M 421,099M 436,405M
Total liabilities 95,205M 98,379M 101,330M 115,005M 111,290M
Total equity 218,775M 218,449M 224,879M 253,163M 270,424M
Operating cash flow 14,474M 11,963M 13,190M 15,600M 15,436M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 7,905.03M 7,853.52M 8,037.27M 10,302.94M 10,794.96M
Gross Profit 2,946.86M 2,934.12M 2,811.73M 3,631.29M 3,938.35M
Operating income 1,555.57M 1,278.67M 1,226.28M 1,363.30M 1,333.32M
Income before tax 2,012.07M 2,450.41M 2,028.73M 4,556.24M 4,127.05M
Net income 1,427.39M 1,732.19M 1,242.39M 3,345.38M 3,014.84M
EBITDA 1,919.74M 1,670.54M 1,635.30M 1,826.81M 1,817.91M
Diluted EPS 0.94 1.15 0.82 2.22 2.00
Dividends Per Share 0.50 0.50 0.27 0.26 0.38
Total Assets 46,078.90M 46,755.86M 48,173.70M 53,867.57M 55,739.62M
Total liabilities 12,276.83M 12,693.81M 13,069.52M 14,711.60M 14,214.46M
Total equity 28,211.37M 28,186.42M 29,004.85M 32,384.96M 34,539.77M
Operating cash flow 1,866.48M 1,543.10M 1,699.20M 2,001.84M 1,969.49M

Valuation Measures

Dec 2018
PER5.25
ROA5.51%
ROE9.02%
Operating margin12.35%
Profit margin27.92%

Key executives

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

Shareholders

  • John Swire & Sons Ltd. (45.4%)
  • The Vanguard Group, Inc. (1.7%)
  • Schroder Investment Management Ltd. (1.6%)
  • BlackRock Fund Advisors (1.0%)
  • Norges Bank Investment Management (0.9%)
  • Lazard Asset Management LLC (0.8%)
  • Dimensional Fund Advisors LP (0.6%)
  • Investec Asset Management Ltd. (0.6%)
  • Henderson Global Investors Ltd. (0.5%)
  • State Street Global Advisors Asia Ltd. (0.5%)

Contact Details

Related Companies

  • Swire Pacific MTN Financing (HK) Ltd.
  • Swire MP Foods Ltd.
  • Lei King Wan (Management) Ltd.
  • Taikoo Sugar Ltd.
  • Swire Properties Investments Ltd.
  • StarCrest (Management) Ltd.
  • 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.

Competitors

  • Tidewater Inc
  • Bourbon Corp.
Last Updated on 22 Jul, 2019

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