Swire Pacific Ltd.
In the news
- WWII anniversary, SoftBank results, Jokowi's state of the union Aug 9, 2020
- Cathay Pacific warns of $1.3bn net loss due to COVID Jul 17, 2020
- Governance group questions role of Cathay bailout 'observers' Jun 26, 2020
- Bailout of Hong Kong's Cathay Pacific gets investors' scrutiny Jun 10, 2020
- Hong Kong government leads $5bn bailout of Cathay Pacific Jun 9, 2020 See more articles on 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
Financial Highlights
| Dec 2019 | HKD | USD |
| Revenue | 85,652M | 10,931.69M |
| Gross Profit | 31,821M | 4,061.28M |
| Operating income | 10,693M | 1,364.73M |
| Income before tax | 11,750M | 1,499.64M |
| Net income | 9,007M | 1,149.55M |
| EBITDA | 15,516M | 1,980.29M |
| Diluted EPS | 5.99 | 0.76 |
| Dividends Per Share | 3 | 0.38 |
| Total Assets | 441,397M | 56,648.91M |
| Total liabilities | 111,903M | 14,361.63M |
| Total equity | 273,352M | 35,082.00M |
| Operating cash flow | 10,541M | 1,345.33M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 60,885M | 62,389M | 80,289M | 84,606M | 85,652M |
| Gross Profit | 22,747M | 21,826M | 28,298M | 30,867M | 31,821M |
| Operating income | 9,913M | 9,519M | 10,624M | 10,450M | 10,693M |
| Income before tax | 18,997M | 15,748M | 35,506M | 32,346M | 11,750M |
| Net income | 13,429M | 9,644M | 26,070M | 23,629M | 9,007M |
| EBITDA | 12,951M | 12,694M | 14,236M | 14,248M | 15,516M |
| Diluted EPS | 8.93 | 6.41 | 17.34 | 15.73 | 5.99 |
| Dividends Per Share | 3.90 | 2.10 | 2.10 | 3 | 3 |
| Total Assets | 362,365M | 373,498M | 421,099M | 436,405M | 441,397M |
| Total liabilities | 98,379M | 101,330M | 115,005M | 111,290M | 111,903M |
| Total equity | 218,449M | 224,879M | 253,163M | 270,424M | 273,352M |
| Operating cash flow | 11,963M | 13,190M | 15,600M | 15,436M | 10,541M |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 7,853.52M | 8,037.27M | 10,302.94M | 10,794.96M | 10,931.69M |
| Gross Profit | 2,934.12M | 2,811.73M | 3,631.29M | 3,938.35M | 4,061.28M |
| Operating income | 1,278.67M | 1,226.28M | 1,363.30M | 1,333.32M | 1,364.73M |
| Income before tax | 2,450.41M | 2,028.73M | 4,556.24M | 4,127.05M | 1,499.64M |
| Net income | 1,732.19M | 1,242.39M | 3,345.38M | 3,014.84M | 1,149.55M |
| EBITDA | 1,670.54M | 1,635.30M | 1,826.81M | 1,817.91M | 1,980.29M |
| Diluted EPS | 1.15 | 0.82 | 2.22 | 2.00 | 0.76 |
| Dividends Per Share | 0.50 | 0.27 | 0.26 | 0.38 | 0.38 |
| Total Assets | 46,755.86M | 48,173.70M | 53,867.57M | 55,739.62M | 56,648.91M |
| Total liabilities | 12,693.81M | 13,069.52M | 14,711.60M | 14,214.46M | 14,361.63M |
| Total equity | 28,186.42M | 29,004.85M | 32,384.96M | 34,539.77M | 35,082.00M |
| Operating cash flow | 1,543.10M | 1,699.20M | 2,001.84M | 1,969.49M | 1,345.33M |
Valuation Measures
| Dec 2019 | |
| PER | 12.06 |
| ROA | 2.05% |
| ROE | 3.31% |
| Operating margin | 12.48% |
| Profit margin | 10.51% |
Key executives
- Finance Director & Executive Director: Mei Shuen Low
- Secretary: St. John Andrew Flaherty
Shareholders
- John Swire & Sons Ltd. (45.4%)
- The Vanguard Group, Inc. (1.7%)
- BlackRock Fund Advisors (1.5%)
- First Pacific Advisors LP (1.2%)
- Norges Bank Investment Management (1.0%)
- Lazard Asset Management LLC (0.7%)
- JPMorgan Asset Management (Asia Pacific) Ltd. (0.5%)
- Principal Global Investors LLC (0.5%)
- Templeton Global Advisors Ltd. (0.5%)
- Dimensional Fund Advisors LP (0.4%)
Contact Details
- Website:http://www.swirepacific.com
- Address: 33rd Floor, One Pacific Place, 88 Queensway, Hong Kong, Hong Kong
- Phone: +852.2840.8888
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- Swire Environmental Services Ltd.
- Swire Bakery Ltd.
- Swire Pacific Offshore Africa SA
- Swire Pacific Offshore NZ Ltd.
- Swire Seabed Shipping AS
- Swire Pacific Offshore Ltd. (Bermuda)
- Swire Pacific Ship Management Ltd.
- SPHI Holdings Ltd.
- Swire Pacific Industries Ltd.
- Swire Guangdong Coca-Cola Zhanjiang Ltd.
- Swire Coca-Cola (China) Co., Ltd.
- Swire Coca-Cola Beverages Yunnan Ltd.
- Swire Coca-Cola Beverages Jiangxi Ltd.
- Swire Coca-Cola Beverages Luohe Ltd.
Competitors
- PT Wintermar Offshore Marine Tbk
- Tidewater Inc
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Last Updated on 19 Jan, 2021
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