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Sun Hung Kai

BST:SHK
Snowflake Description

Very undervalued established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SHK
BST
HK$7B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Sun Hung Kai & Co. Limited, an investment holding company, provides financial services to individuals, home owners, and small businesses in Hong Kong and Mainland China. The last earnings update was 70 days ago. More info.


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SHK Share Price and Events
7 Day Returns
4.3%
BST:SHK
-1%
Europe Consumer Finance
2.2%
DE Market
1 Year Returns
-0.3%
BST:SHK
-23.5%
Europe Consumer Finance
8.2%
DE Market
SHK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sun Hung Kai (SHK) 4.3% -3% 14% -0.3% -27.8% -36.8%
Europe Consumer Finance -1% 3.2% -0% -23.5% -43% -34.7%
DE Market 2.2% 6% 12.4% 8.2% 14.9% 24%
1 Year Return vs Industry and Market
  • SHK outperformed the Consumer Finance industry which returned -23.5% over the past year.
  • SHK underperformed the Market in Germany which returned 8.2% over the past year.
Price Volatility
SHK
Industry
5yr Volatility vs Market

Value

 Is Sun Hung Kai undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sun Hung Kai to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sun Hung Kai.

BST:SHK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= HK$9.02 * 7.4%
HK$0.67
Book Value of Equity per Share Median Book Value from the past 5 years. HK$9.02
Discount Rate (Cost of Equity) See below 10.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:SHK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.692 (1 + (1- 25%) (230.81%))
1.597
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.6
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.597 * 6.65%)
10.85%

Discounted Cash Flow Calculation for BST:SHK using Excess Returns Model Model

The calculations below outline how an intrinsic value for Sun Hung Kai is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BST:SHK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.4% – 10.85%) * HK$9.02)
HK$-0.31
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= HK$-0.31 / (10.85% - 0.23%)
HK$-2.90
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= HK$9.02 + HK$-2.90
HK$6.12
BST:SHK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:SHK represents 0.11168x of SEHK:86
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11168x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 6.12 x 0.11168
€0.68
Value per share (EUR) From above. €0.68
Current discount Discount to share price of €0.39
= -1 x (€0.39 - €0.68) / €0.68
42.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Sun Hung Kai is available for.
Intrinsic value
43%
Share price is €0.392 vs Future cash flow value of €0.68386
Current Discount Checks
For Sun Hung Kai to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sun Hung Kai's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sun Hung Kai's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sun Hung Kai's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sun Hung Kai's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:SHK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in HKD HK$0.57
SEHK:86 Share Price ** SEHK (2019-11-08) in HKD HK$3.51
Europe Consumer Finance Industry PE Ratio Median Figure of 28 Publicly-Listed Consumer Finance Companies 11.68x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 19.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sun Hung Kai.

BST:SHK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:86 Share Price ÷ EPS (both in HKD)

= 3.51 ÷ 0.57

6.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sun Hung Kai is good value based on earnings compared to the Europe Consumer Finance industry average.
  • Sun Hung Kai is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Sun Hung Kai's expected growth come at a high price?
Raw Data
BST:SHK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
13.9%per year
Europe Consumer Finance Industry PEG Ratio Median Figure of 19 Publicly-Listed Consumer Finance Companies 0.75x
Germany Market PEG Ratio Median Figure of 258 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

BST:SHK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.18x ÷ 13.9%

0.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sun Hung Kai is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Sun Hung Kai's assets?
Raw Data
BST:SHK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in HKD HK$9.84
SEHK:86 Share Price * SEHK (2019-11-08) in HKD HK$3.51
Europe Consumer Finance Industry PB Ratio Median Figure of 42 Publicly-Listed Consumer Finance Companies 1.24x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.82x
BST:SHK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:86 Share Price ÷ Book Value per Share (both in HKD)

= 3.51 ÷ 9.84

0.36x

* Primary Listing of Sun Hung Kai.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sun Hung Kai is good value based on assets compared to the Europe Consumer Finance industry average.
X
Value checks
We assess Sun Hung Kai's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Finance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Finance industry average (and greater than 0)? (1 check)
  5. Sun Hung Kai has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Sun Hung Kai expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sun Hung Kai expected to grow at an attractive rate?
  • Sun Hung Kai's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Sun Hung Kai's earnings growth is expected to exceed the Germany market average.
  • Sun Hung Kai's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:SHK Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:SHK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 13.9%
BST:SHK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 8.5%
Europe Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
Europe Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 10.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:SHK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:SHK Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 5,484 1,871 2,154 1
2022-12-31 5,210 1,585 1,990 1
2021-12-31 4,921 1,222 1,788 1
2020-12-31 4,584 742 1,552 1
2019-12-31 4,332 322 1,248 1
2019-11-11
BST:SHK Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-06-30 3,432 1,324 1,155
2019-03-31 3,506 1,220 1,169
2018-12-31 3,581 1,116 1,184
2018-09-30 3,529 -916 1,643
2018-06-30 3,476 -2,949 2,102
2018-03-31 3,220 -3,159 1,963
2017-12-31 2,963 -3,370 1,824
2017-09-30 2,738 -1,899 1,719
2017-06-30 2,513 -429 1,614
2017-03-31 2,326 78 1,362
2016-12-31 2,139 584 1,110
2016-09-30 1,982 826

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sun Hung Kai's earnings are expected to grow by 13.9% yearly, however this is not considered high growth (20% yearly).
  • Sun Hung Kai's revenue is expected to grow by 8.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:SHK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Sun Hung Kai Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:SHK Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.07 1.07 1.07 1.00
2022-12-31 0.99 0.99 0.99 1.00
2021-12-31 0.89 0.89 0.89 1.00
2020-12-31 0.77 0.77 0.77 1.00
2019-12-31 0.62 0.62 0.62 1.00
2019-11-11
BST:SHK Past Financials Data
Date (Data in HKD Millions) EPS *
2019-06-30 0.57
2019-03-31 0.56
2018-12-31 0.56
2018-09-30 0.77
2018-06-30 0.97
2018-03-31 0.91
2017-12-31 0.84
2017-09-30 0.79
2017-06-30 0.74
2017-03-31 0.62
2016-12-31 0.50
2016-09-30 0.37

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Sun Hung Kai is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sun Hung Kai's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sun Hung Kai has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Sun Hung Kai performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sun Hung Kai's growth in the last year to its industry (Consumer Finance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sun Hung Kai's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Sun Hung Kai's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sun Hung Kai's 1-year earnings growth is negative, it can't be compared to the Europe Consumer Finance industry average.
Earnings and Revenue History
Sun Hung Kai's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sun Hung Kai Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:SHK Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 3,431.50 1,154.70 1,273.50
2019-03-31 3,506.25 1,169.25 1,299.95
2018-12-31 3,581.00 1,183.80 1,326.40
2018-09-30 3,528.65 1,643.00 1,378.40
2018-06-30 3,476.30 2,102.20 1,430.40
2018-03-31 3,219.60 1,963.25 1,392.05
2017-12-31 2,962.90 1,824.30 1,353.70
2017-09-30 2,737.75 1,718.90 1,320.60
2017-06-30 2,512.60 1,613.50 1,287.50
2017-03-31 2,325.55 1,361.55 1,283.05
2016-12-31 2,138.50 1,109.60 1,278.60
2016-09-30 1,982.30 825.85 1,320.70
2016-06-30 1,812.80 542.10 1,362.80
2016-03-31 1,987.60 604.90 1,411.50
2015-12-31 2,162.40 667.70 1,460.20
2015-09-30 2,479.55 766.10 1,467.05
2015-06-30 2,810.00 864.50 1,473.90
2015-03-31 2,882.80 902.05 1,421.20
2014-12-31 2,955.60 939.60 1,368.50
2014-09-30 3,126.95 1,043.95 1,423.00
2014-06-30 3,298.30 1,148.30 1,477.50
2014-03-31 3,463.55 1,099.95 1,536.60
2013-12-31 3,628.80 1,051.60 1,595.70
2013-09-30 3,489.25 976.95 1,545.05
2013-06-30 3,349.70 902.30 1,494.40
2013-03-31 3,235.60 969.35 1,455.00
2012-12-31 3,121.50 1,036.40 1,415.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sun Hung Kai has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sun Hung Kai used its assets less efficiently than the Europe Consumer Finance industry average last year based on Return on Assets.
  • Unable to establish if Sun Hung Kai improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Sun Hung Kai's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Finance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sun Hung Kai has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Sun Hung Kai's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sun Hung Kai's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sun Hung Kai is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sun Hung Kai's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sun Hung Kai's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sun Hung Kai Company Filings, last reported 4 months ago.

BST:SHK Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 22,739.50 16,068.50 8,285.60
2019-03-31 22,739.50 16,068.50 8,285.60
2018-12-31 22,845.10 16,808.50 9,001.00
2018-09-30 22,845.10 16,808.50 9,001.00
2018-06-30 24,133.60 14,523.90 8,452.40
2018-03-31 24,133.60 14,523.90 8,452.40
2017-12-31 23,398.50 13,190.40 8,312.10
2017-09-30 23,398.50 13,190.40 8,312.10
2017-06-30 22,156.30 9,604.60 7,739.10
2017-03-31 22,156.30 9,604.60 7,739.10
2016-12-31 21,655.80 10,173.60 8,173.60
2016-09-30 21,655.80 10,173.60 8,173.60
2016-06-30 21,300.50 10,670.60 8,501.10
2016-03-31 21,300.50 10,670.60 8,501.10
2015-12-31 21,590.80 9,921.70 7,893.50
2015-09-30 21,590.80 9,921.70 7,893.50
2015-06-30 22,092.30 9,868.00 8,353.20
2015-03-31 22,092.30 9,868.00 8,353.20
2014-12-31 18,667.30 10,804.70 4,975.40
2014-09-30 18,667.30 10,804.70 4,975.40
2014-06-30 17,109.10 11,837.40 4,402.80
2014-03-31 17,109.10 11,837.40 4,402.80
2013-12-31 16,819.30 8,685.50 3,638.50
2013-09-30 16,819.30 8,685.50 3,638.50
2013-06-30 16,110.70 8,892.20 3,987.80
2013-03-31 16,110.70 8,892.20 3,987.80
2012-12-31 15,965.30 7,567.90 5,036.50
  • Sun Hung Kai's level of debt (70.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (69.1% vs 70.7% today).
  • Debt is not well covered by operating cash flow (8.2%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Sun Hung Kai's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Sun Hung Kai's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sun Hung Kai has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Sun Hung Kai's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.41%
Current annual income from Sun Hung Kai dividends. Estimated to be 7.41% next year.
If you bought €2,000 of Sun Hung Kai shares you are expected to receive €148 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Sun Hung Kai's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Sun Hung Kai's dividend is above the markets top 25% of dividend payers in Germany (3.65%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:SHK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 4.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:SHK Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.26 1.00
2022-12-31 0.26 1.00
2021-12-31 0.26 1.00
2020-12-31 0.26 1.00
2019-12-31 0.26 1.00
2019-11-11
BST:SHK Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-10 0.260 7.320
2019-03-20 0.260 6.589
2018-04-19 0.260 6.303
2018-03-21 0.260 5.248
2017-08-17 0.260 5.147
2017-04-19 0.260 4.998
2017-03-22 0.260 5.139
2016-04-13 0.260 5.458
2016-03-17 0.260 5.686
2015-04-17 0.240 4.382
2015-03-19 0.240 3.351
2014-04-10 0.220 3.644
2014-03-20 0.220 4.243
2013-06-14 0.240 5.419
2012-09-07 0.200 4.081
2012-08-23 0.200 5.391
2012-06-12 0.200 5.286
2011-08-24 0.280 6.658
2011-03-28 0.280 4.708
2010-08-25 0.260 4.611
2010-04-29 0.320 5.817
2010-03-29 0.320 4.786
2009-09-02 0.120 1.954
2009-04-24 0.100 1.890
2009-04-02 0.100 2.255

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Sun Hung Kai's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.6x coverage).
X
Income/ dividend checks
We assess Sun Hung Kai's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sun Hung Kai afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sun Hung Kai has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Sun Hung Kai's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Seng Huang Lee
COMPENSATION HK$46,560,000
AGE 45
TENURE AS CEO 12.8 years
CEO Bio

Mr. Seng Huang Lee has been the Non-Independent Executive Chairman at Mulpha Australia Limited since December 2003. Mr. Lee has been the Non-Executive Chairman at Aveo Group (formerly, FKP Property Group) since July 1, 2013. He serves as Strategic Advisor at ClearVue Partners. Mr. Lee has been the Group Executive Chairman at Sun Hung Kai & Co. Limited since January 1, 2007. He has been Non-Independent Executive Chairman of Mulpha International Bhd since December 15, 2003. Mr. Lee serves as Deputy Chairman at Everbright Sun Hung Kai Company Limited since July 2015. He served as the Executive Chairman of the Board at Aveo Group from August 14, 2012 to July 1, 2013 and served as its Chairman from February 13, 2009 to August 2012. Mr. Lee previously served as the Chairman of the Board at Mulpha Australia Limited. He has been a Non-Executive Director at Aveo Group since February 9, 2006. Mr. Lee has been a Director at FKP Funds Management Limited since June 29, 2006. He is one of the trustees of the Lee and Lee Trust. Mr. Lee has been a Director of Mulpha Australia Limited since December 22, 2003. He serves as Director at Aveo Funds Management Limited. Mr. Lee serves as Non-Independent Executive Director at Mulpha International Bhd. He serves as Non-Executive Director at Ambrian Capital PLC, Export and Industry Bank, Inc., Auric Pacific Group Limited and Lippo China Resources Limited. Mr. Lee served as Non-Independent Non-Executive Director at Mudajaya Group Berhad since March 17, 2011 until December 2, 2016. He has held directorships in the E & I Bank in the Philippines and Auric Pacific Ltd in Singapore. Mr. Lee served as Director at Lippo Ltd. since April 1999. He served as Non-Independent Non-Executive Director of Thriven Global Berhad since April 18, 2015 until December 10, 2015. Mr. Lee served as Executive Director of the Sun Hung Kai & Co. Ltd from October 29, 1999 to December 4, 2003. He has experience in financial services and real estate investment in the Asian region. Mr. Lee also has experience in property development. He was educated at the University of Sydney.

CEO Compensation
  • Seng Huang's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Seng Huang's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Sun Hung Kai management team in years:

4.9
Average Tenure
56
Average Age
  • The tenure for the Sun Hung Kai management team is about average.
Management Team

Seng Huang Lee

TITLE
Group Executive Chairman & CEO
COMPENSATION
HK$47M
AGE
45
TENURE
12.8 yrs

Simon Chow

TITLE
Group Deputy CEO & Executive Director
COMPENSATION
HK$6M
AGE
64
TENURE
4.9 yrs

Robert James Quinlivan

TITLE
Group Chief Financial Officer
AGE
49
TENURE
1.2 yrs

Alfred Leung

TITLE
Head of Operations

Sebastiaan Cornelis Van Den Berg

TITLE
Chief Investment Officer & Head of Principal Investments
AGE
47
TENURE
3.2 yrs

Chee Kwok

TITLE
Chief Accountant
AGE
67

Carl Chan

TITLE
CTO & Head of Information Technology Department
AGE
60

Anita Mei

TITLE
Head of Administration Department
AGE
59

Nancy Chen

TITLE
Head of Investor Relations

Ireen Yeung

TITLE
Head of Internal Audit & Compliance
AGE
53
TENURE
15.9 yrs
Board of Directors Tenure

Average tenure and age of the Sun Hung Kai board of directors in years:

6.9
Average Tenure
59
Average Age
  • The tenure for the Sun Hung Kai board of directors is about average.
Board of Directors

Simon Chow

TITLE
Group Deputy CEO & Executive Director
COMPENSATION
HK$6M
AGE
64
TENURE
4.4 yrs

Wilhelm Budihardjo

TITLE
MD of Futures
AGE
53

Alan Jones

TITLE
Independent Non-Executive Director
COMPENSATION
HK$310K
AGE
76
TENURE
13.8 yrs

Seng Huang Lee

TITLE
Group Executive Chairman & CEO
COMPENSATION
HK$47M
AGE
45
TENURE
12.8 yrs

Evan Au Yang

TITLE
Independent Non Executive Director
COMPENSATION
HK$200K
AGE
47
TENURE
1.7 yrs

David Bartlett

TITLE
Independent Non-Executive Director
COMPENSATION
HK$250K
AGE
53
TENURE
20 yrs

Peter Curry

TITLE
Non-Executive Director
COMPENSATION
HK$2M
AGE
66
TENURE
8.8 yrs

Jacqueline Leung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$250K
AGE
59
TENURE
5 yrs

Jon Cimino

TITLE
Non-Executive Director
COMPENSATION
HK$20K
AGE
66
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
06. Sep 19 Buy Lee and Lee Trust Company 03. Sep 19 03. Sep 19 24,000 €0.38 €9,181
05. Sep 19 Buy Lee and Lee Trust Company 02. Sep 19 02. Sep 19 364,000 €0.38 €139,673
02. Sep 19 Buy Lee and Lee Trust Company 28. Aug 19 28. Aug 19 33,000 €0.40 €13,132
29. Aug 19 Buy Lee and Lee Trust Company 26. Aug 19 26. Aug 19 700,000 €0.38 €268,958
28. Aug 19 Buy Lee and Lee Trust Company 23. Aug 19 23. Aug 19 256,000 €0.39 €99,195
27. Aug 19 Buy Lee and Lee Trust Company 22. Aug 19 22. Aug 19 300,000 €0.39 €115,673
10. Jul 19 Buy Lee and Lee Trust Company 05. Jul 19 05. Jul 19 4,000,000 €0.42 €1,665,513
01. Apr 19 Buy Lee and Lee Trust Company 27. Mar 19 27. Mar 19 200,000 €0.43 €86,844
29. Mar 19 Buy Lee and Lee Trust Company 26. Mar 19 26. Mar 19 844,000 €0.43 €366,504
28. Mar 19 Buy Lee and Lee Trust Company 25. Mar 19 25. Mar 19 375,000 €0.44 €164,773
27. Mar 19 Buy Lee and Lee Trust Company 22. Mar 19 22. Mar 19 682,000 €0.45 €304,174
X
Management checks
We assess Sun Hung Kai's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sun Hung Kai has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Sun Hung Kai & Co. Limited, an investment holding company, provides financial services to individuals, home owners, and small businesses in Hong Kong and Mainland China. It operates through Financial Services, Consumer Finance, Mortgage Loans, Principal Investments, and Group Management and Support segments. The company offers consumer loan products; mortgage and home equity loan products; and funding solutions to corporates and their shareholders, such as share pledges, pre-listing financing, and mezzanine finance, as well as funding for mergers and acquisitions, and other corporate actions. It also provides wealth management and investment solutions for retail, corporate, and institutional clients; and secretarial, financial consultancy, and asset management services. The company was founded in 1969 and is headquartered in Causeway Bay, Hong Kong. Sun Hung Kai & Co. Limited is a subsidiary of AP Emerald Limited.

Details
Name: Sun Hung Kai & Co. Limited
SHK
Exchange: BST
Founded: 1969
HK$812,843,735
2,000,498,493
Website: http://www.shkco.com
Address: Sun Hung Kai & Co. Limited
Lee Garden One,
42nd Floor,
Causeway Bay,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 86 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
BST SHK Ordinary Shares Boerse-Stuttgart DE EUR 02. Jan 1992
SHSC 86 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 02. Jan 1992
SZSC 86 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 02. Jan 1992
Number of employees
Current staff
Staff numbers
2,333
Sun Hung Kai employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/11 21:16
End of day share price update: 2019/11/08 00:00
Last estimates confirmation: 2019/08/16
Last earnings filing: 2019/09/02
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.