The Hongkong and Shanghai Hotels Limited
The Hongkong and Shanghai Hotels, Limited, an investment holding company, owns, develops, and manages hotels, and commercial and residential properties in China, rest of Asia, the United States, and Europe. The company operates through Hotels; Commercial Properties; and Peak Tram, Retail and Others segments. It is involved in the operation of hotels; and leasing of commercial shopping arcades and… Read more
The Hongkong and Shanghai Hotels Limited (HSG) - Net Assets
Latest net assets as of June 2025: €35.56 Billion EUR
Based on the latest financial reports, The Hongkong and Shanghai Hotels Limited (HSG) has net assets worth €35.56 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€55.95 Billion) and total liabilities (€20.39 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €35.56 Billion |
| % of Total Assets | 63.55% |
| Annual Growth Rate | 0.02% |
| 5-Year Change | -4.59% |
| 10-Year Change | -3.31% |
| Growth Volatility | 3.0 |
The Hongkong and Shanghai Hotels Limited - Net Assets Trend (2013–2024)
This chart illustrates how The Hongkong and Shanghai Hotels Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The Hongkong and Shanghai Hotels Limited (2013–2024)
The table below shows the annual net assets of The Hongkong and Shanghai Hotels Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €35.45 Billion | -2.56% |
| 2023-12-31 | €36.38 Billion | +0.72% |
| 2022-12-31 | €36.12 Billion | -2.02% |
| 2021-12-31 | €36.87 Billion | -0.77% |
| 2020-12-31 | €37.15 Billion | -6.49% |
| 2019-12-31 | €39.73 Billion | +0.64% |
| 2018-12-31 | €39.48 Billion | +2.00% |
| 2017-12-31 | €38.70 Billion | +5.82% |
| 2016-12-31 | €36.57 Billion | -0.23% |
| 2015-12-31 | €36.66 Billion | +1.41% |
| 2014-12-31 | €36.15 Billion | +2.20% |
| 2013-12-31 | €35.37 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Hongkong and Shanghai Hotels Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €29.40 Billion | 83.06% |
| Other Components | €6.00 Billion | 16.94% |
| Total Equity | €35.40 Billion | 100.00% |
The Hongkong and Shanghai Hotels Limited Competitors by Market Cap
The table below lists competitors of The Hongkong and Shanghai Hotels Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DCM Shriram Limited
NSE:DCMSHRIRAM
|
$450.11 Million |
|
COOR Service Management AB
ST:COOR
|
$450.36 Million |
|
Tinexta S.p.A.
LSE:0RIW
|
$450.40 Million |
|
DRI Healthcare Trust
TO:DHT-U
|
$450.44 Million |
|
Internacional de Cerámica S.A.B. de C.V
MX:CERAMICB
|
$449.64 Million |
|
Ferroglobe PLC
NASDAQ:GSM
|
$449.61 Million |
|
Sinopec Kantons Holdings Limited
F:SAK
|
$449.45 Million |
|
Asset World Corp Public Company Limited
BK:AWC
|
$449.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Hongkong and Shanghai Hotels Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 36,279,000,000 to 35,401,000,000, a change of -878,000,000 (-2.4%).
- Net loss of 943,000,000 reduced equity.
- Dividend payments of 22,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-943.00 Million | -2.66% |
| Dividends Paid | €22.00 Million | -0.06% |
| Other Changes | €87.00 Million | +0.25% |
| Total Change | €- | -2.42% |
Book Value vs Market Value Analysis
This analysis compares The Hongkong and Shanghai Hotels Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.03x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €24.02 | €0.69 | x |
| 2018-12-31 | €24.14 | €0.69 | x |
| 2019-12-31 | €23.90 | €0.69 | x |
| 2020-12-31 | €22.34 | €0.69 | x |
| 2021-12-31 | €22.29 | €0.69 | x |
| 2022-12-31 | €21.84 | €0.69 | x |
| 2023-12-31 | €21.99 | €0.69 | x |
| 2024-12-31 | €21.24 | €0.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Hongkong and Shanghai Hotels Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.16%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.53x
- Recent ROE (-2.66%) is below the historical average (0.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 4.88% | 31.08% | 0.13x | 1.23x | €-1.80 Billion |
| 2014 | 3.19% | 19.63% | 0.13x | 1.23x | €-2.44 Billion |
| 2015 | 2.75% | 17.42% | 0.13x | 1.24x | €-2.64 Billion |
| 2016 | 1.86% | 11.99% | 0.12x | 1.26x | €-2.96 Billion |
| 2017 | 3.03% | 19.98% | 0.12x | 1.27x | €-2.66 Billion |
| 2018 | 3.19% | 20.00% | 0.13x | 1.26x | €-2.65 Billion |
| 2019 | 1.26% | 8.41% | 0.11x | 1.36x | €-3.41 Billion |
| 2020 | -5.27% | -71.59% | 0.05x | 1.46x | €-5.62 Billion |
| 2021 | -0.33% | -3.47% | 0.06x | 1.51x | €-3.80 Billion |
| 2022 | -1.35% | -11.62% | 0.07x | 1.57x | €-4.09 Billion |
| 2023 | 0.40% | 1.80% | 0.14x | 1.60x | €-3.48 Billion |
| 2024 | -2.66% | -9.16% | 0.19x | 1.53x | €-4.48 Billion |
Industry Comparison
This section compares The Hongkong and Shanghai Hotels Limited's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $533,900,986,330
- Average return on equity (ROE) among peers: 4.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Hongkong and Shanghai Hotels Limited (HSG) | €35.56 Billion | 4.88% | 0.57x | $449.80 Million |
| MANDARIN ORIENTAL DL-05 (1C4) | $3.30 Billion | -1.50% | 0.29x | $434.24 Million |
| Lifespot Capital AG (CDZ0) | $0.00 | 0.00% | 0.00x | $13.26K |
| INTERCONT HOTELS (IC1B) | $-1.95 Billion | 0.00% | 0.00x | $16.56 Billion |
| PT Jakarta International Hotels & Development Tbk (JAK1) | $4.77 Trillion | -2.18% | 0.38x | $22.20 Million |
| Southern Sun Limited (JK9) | $8.17 Billion | 12.41% | 0.65x | $317.45 Million |
| Northeast Electric Development Company Limited (NE4H) | $286.62 Million | 2.15% | 0.68x | $28.62 Million |
| Padaeng Industry Public Company Limited (QU5A) | $6.41 Billion | 13.69% | 1.20x | $32.86 Million |
| Regal Hotels International Holdings Limited (RH6B) | $15.32 Billion | 6.41% | 1.04x | $9.69 Million |
| Heeton Holdings Limited (SST) | $303.13 Million | 6.05% | 1.03x | $14.75 Million |