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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 Communications and Media and Entertainment. 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 Communications and Media and Entertainment segment consists of pay television, internet and multimedia, and other businesses. The company was founded in 1886 and is headquartered in Hong Kong.

Financial Highlights

Dec 2019 HKDUSD
Revenue16,874M2,153.61M
Gross Profit9,614M1,227.02M
Operating income4,287M547.14M
Income before tax5,636M719.31M
Net income3,386M432.15M
EBITDA6,161M786.32M
Diluted EPS1.110.14
Dividends Per Share0.320.04
Total Assets242,218M31,086.27M
Total liabilities95,875M12,304.60M
Total equity142,874M18,336.45M
Operating cash flow9,318M1,189.24M
Currency in HKDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 40,875M 46,627M 43,273M 21,055M 16,874M
Gross Profit 18,045M 20,076M 22,932M 10,721M 9,614M
Operating income 13,427M 15,472M 19,325M 7,866M 4,287M
Income before tax 19,243M 22,866M 26,281M 8,455M 5,636M
Net income 16,024M 21,440M 21,876M 6,623M 3,386M
EBITDA 16,448M 18,476M 21,568M 9,396M 6,161M
Diluted EPS 5.29 7.07 7.21 2.17 1.11
Dividends Per Share 1.90 2.15 1.59 0.65 0.32
Total Assets 443,916M 443,827M 222,647M 227,349M 242,218M
Total liabilities 126,736M 118,421M 77,176M 88,589M 95,875M
Total equity 307,728M 316,794M 141,974M 135,424M 142,874M
Operating cash flow 24,053M 29,084M 5,208M -8,091M 9,318M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 5,272.44M 6,006.73M 5,552.93M 2,686.42M 2,153.61M
Gross Profit 2,327.61M 2,586.29M 2,942.70M 1,367.90M 1,227.02M
Operating income 1,731.94M 1,993.18M 2,479.84M 1,003.63M 547.14M
Income before tax 2,482.14M 2,945.71M 3,372.46M 1,078.78M 719.31M
Net income 2,066.92M 2,762.01M 2,807.20M 845.03M 432.15M
EBITDA 2,121.61M 2,380.17M 2,767.67M 1,198.84M 786.32M
Diluted EPS 0.68 0.91 0.92 0.27 0.14
Dividends Per Share 0.24 0.27 0.20 0.08 0.04
Total Assets 57,278.37M 57,244.73M 28,481.31M 29,038.04M 31,086.27M
Total liabilities 16,352.71M 15,273.92M 9,872.46M 11,314.98M 12,304.60M
Total equity 39,706.06M 40,860.03M 18,161.51M 17,296.96M 18,336.45M
Operating cash flow 3,102.58M 3,746.75M 668.30M -1,032.33M 1,189.24M

Valuation Measures

Dec 2019
PER17.84
ROA1.44%
ROE2.43%
Operating margin25.40%
Profit margin20.06%

Key executives

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

Shareholders

  • Wheelock & Co. Ltd. (72.1%)
  • Eastspring Investments (Singapore) Ltd. (1.6%)
  • The Vanguard Group, Inc. (1.1%)
  • Harbour Centre Development Ltd. (0.8%)
  • BlackRock Fund Advisors (0.7%)
  • Norges Bank Investment Management (0.5%)
  • Dimensional Fund Advisors LP (0.3%)
  • APG Asset Management NV (0.3%)
  • Foord Asset Management (Singapore) Pte Ltd. (0.2%)
  • BlackRock Advisors (UK) Ltd. (0.2%)

Contact Details

Related Companies

  • Wharf China Development (0004) Ltd.
  • Olinda Ltd.
  • Delta Realty Ltd.
  • Wharf Capital 0004 Ltd.
  • Greater Honour Ltd.
  • Wharf (Holdings) Ltd. /Telecom Bus/
  • Wharf Hotels Ltd.
  • Wharf (Jingan) Ltd.
  • Wharf Estates (Wuxi) Co. Ltd.
  • Modern Terminals Finance Ltd.
  • Krikler Ltd.
  • Huiying Real Estate (Hangzhou) Co. Ltd.
  • City State Ventures Ltd.
  • Wharf China Holdings Ltd.
  • Wharf Development Ltd.
  • Wharf Ltd.
  • Wharf Hong Kong Ltd.
  • Marco Polo Hotels (Hong Kong) Ltd.
  • Chengdu IFC Development Ltd.
  • Wharf Finance (No. 1) Ltd.
  • Wharf Finance (2014) Ltd.
  • Wharf Finance Ltd.
  • Marco Polo Hotels Ltd.
  • MTL Corp. Ltd.
  • Fast Lane Investments Ltd.
  • Wharf Overseas Capital (1994) Ltd.
  • Wharf Finance (BVI) Ltd.
  • Wharf International Finance Ltd.
  • Wharf Capital International (1994) Ltd.
  • Wharf Estates China Ltd.

Competitors

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