Finance

The Wharf (Holdings) Ltd.

Business Summary

The Wharf (Holdings) Ltd. engages in real estate development and air cargo terminal operation. It operates through the following segments: Investment Property, Development Property, Hotels, Logistics, and Investments. The Investment Property segment includes property leasing operations. The Development Property segment comprises activities relating to the acquisition, development, design, construction, sales, and marketing of the Group’s trading properties. The Hotels segment focuses on the hotel operations in the Asia Pacific region. The Logistics segment involves in the container terminal operations. The Investments segment consists of diversified portfolio of listed equity investments in Hong Kong and overseas and unlisted investments, mainly property and new economy companies. The company was founded in 1886 and is headquartered in Hong Kong.

Financial Highlights

Dec 2022	HKD	USD
Revenue	18,064M	2,306.88M
Gross Profit	8,126M	1,037.73M
Operating income	2,363M	301.76M
Income before tax	326M	41.63M
Net income	-1,705M	-217.73M
EBITDA	3,080M	393.33M
Diluted EPS	-0.55	-0.07
Dividends Per Share	0.40	0.05
Total Assets	221,745M	28,410.81M
Total liabilities	66,038M	8,461.04M
Total equity	151,585M	19,421.64M
Operating cash flow	--	--
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	21,055M	16,874M	20,997M	22,378M	18,064M
Gross Profit	10,721M	9,614M	12,894M	10,560M	8,126M
Operating income	8,753M	5,449M	8,240M	5,200M	2,363M
Income before tax	8,455M	5,636M	8,289M	8,269M	326M
Net income	6,623M	3,386M	3,864M	6,019M	-1,705M
EBITDA	9,396M	6,161M	8,964M	5,954M	3,080M
Diluted EPS	2.17	1.11	1.26	1.97	-0.55
Dividends Per Share	0.65	0.32	0.40	0.40	0.40
Total Assets	227,349M	242,218M	254,095M	253,700M	221,745M
Total liabilities	88,589M	95,875M	90,619M	87,323M	66,038M
Total equity	135,424M	142,874M	158,854M	162,020M	151,585M
Operating cash flow	-8,091M	9,318M	10,267M	2,552M	--

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	2,686.42M	2,153.61M	2,707.19M	2,879.00M	2,306.88M
Gross Profit	1,367.90M	1,227.02M	1,662.45M	1,358.57M	1,037.73M
Operating income	1,116.80M	695.45M	1,062.40M	668.99M	301.76M
Income before tax	1,078.78M	719.31M	1,068.72M	1,063.83M	41.63M
Net income	845.03M	432.15M	498.19M	774.36M	-217.73M
EBITDA	1,198.84M	786.32M	1,155.75M	766.00M	393.33M
Diluted EPS	0.27	0.14	0.16	0.25	-0.07
Dividends Per Share	0.08	0.04	0.05	0.05	0.05
Total Assets	29,038.04M	31,086.27M	32,770.17M	32,541.07M	28,410.81M
Total liabilities	11,314.98M	12,304.60M	11,686.96M	11,200.56M	8,461.04M
Total equity	17,296.96M	18,336.45M	20,487.11M	20,781.65M	19,421.64M
Operating cash flow	-1,032.33M	1,189.24M	1,323.75M	328.32M	--

Valuation Measures

Dec 2022
PER	--
ROA	-0.71%
ROE	-1.08%
Operating margin	13.08%
Profit margin	-9.43%

Key executives

Chairman & Managing Director: Tin Hoi Ng
Vice Chairman & Group Chief Financial Officer: Yiu Cheung Tsui
Secretary & Executive Director: Chung Ying Hui

Shareholders

Wheelock & Co. Ltd. (68.4%)
The Vanguard Group, Inc. (0.9%)
Norges Bank Investment Management (0.6%)
Dimensional Fund Advisors LP (0.2%)
Eastspring Investments (Singapore) Ltd. (0.2%)
Third Avenue Management LLC (0.1%)
Foord Asset Management (Singapore) Pte Ltd. (0.1%)
NG TIN HOI (0.1%)
JPMorgan Investment Management, Inc. (0.1%)
Charles Schwab Investment Management, Inc. (0.0%)

Contact Details

Website:http://www.wharfholdings.com
Address: 16th Floor, Ocean Centre, Harbour City, Hong Kong, Hong Kong
Phone: +852.2118.8118

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Competitors

Last Updated on 24 Mar, 2023