Sun Hung Kai Properties Limited (SHG) - Net Assets
Based on the latest financial reports, Sun Hung Kai Properties Limited (SHG) has net assets worth €609.44 Billion EUR as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€811.11 Billion) and total liabilities (€201.67 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 | €609.44 Billion |
| % of Total Assets | 75.14% |
| Annual Growth Rate | 3.83% |
| 5-Year Change | 3.5% |
| 10-Year Change | 33.77% |
| Growth Volatility | 3.04 |
Sun Hung Kai Properties Limited - Net Assets Trend (2014–2024)
This chart illustrates how Sun Hung Kai Properties 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 Sun Hung Kai Properties Limited (2014–2024)
The table below shows the annual net assets of Sun Hung Kai Properties Limited from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €611.07 Billion | +0.70% |
| 2023-06-30 | €606.80 Billion | +0.01% |
| 2022-06-30 | €606.74 Billion | +1.19% |
| 2021-06-30 | €599.63 Billion | +1.56% |
| 2020-06-30 | €590.41 Billion | +2.53% |
| 2019-06-30 | €575.82 Billion | +4.99% |
| 2018-06-30 | €548.43 Billion | +8.09% |
| 2017-06-30 | €507.36 Billion | +6.92% |
| 2016-06-30 | €474.51 Billion | +3.87% |
| 2015-06-30 | €456.82 Billion | +8.85% |
| 2014-06-30 | €419.69 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sun Hung Kai Properties 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 grown by 54.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €544.53 Billion | 89.75% |
| Other Components | €62.18 Billion | 10.25% |
| Total Equity | €606.72 Billion | 100.00% |
Sun Hung Kai Properties Limited Competitors by Market Cap
The table below lists competitors of Sun Hung Kai Properties Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Waters Corporation
NYSE:WAT
|
$31.72 Billion |
|
Otis Worldwide Corp
NYSE:OTIS
|
$31.73 Billion |
|
Hindustan Aeronautics Limited
NSE:HAL
|
$31.74 Billion |
|
Bajaj Finserv Limited
NSE:BAJAJFINSV
|
$31.77 Billion |
|
Tapestry Inc
NYSE:TPR
|
$31.55 Billion |
|
NARI Technology Co Ltd
SHG:600406
|
$31.51 Billion |
|
Chandra Asri Petrochemical Tbk
JK:TPIA
|
$31.43 Billion |
|
ADYEN N.V. EO-01
XETRA:1N8
|
$31.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sun Hung Kai Properties Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 602,055,000,000 to 606,717,000,000, a change of 4,662,000,000 (0.8%).
- Net income of 19,046,000,000 contributed positively to equity growth.
- Dividend payments of 13,475,000,000 reduced retained earnings.
- Share repurchases of 17,000,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €19.05 Billion | +3.14% |
| Dividends Paid | €13.47 Billion | -2.22% |
| Share Repurchases | €17.00 Million | -0.0% |
| Other Changes | €-892.00 Million | -0.15% |
| Total Change | €- | 0.77% |
Book Value vs Market Value Analysis
This analysis compares Sun Hung Kai Properties 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: 0.07x
- 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 |
|---|---|---|---|
| 2017-06-30 | €173.39 | €14.40 | x |
| 2018-06-30 | €187.43 | €14.40 | x |
| 2019-06-30 | €196.76 | €14.40 | x |
| 2020-06-30 | €198.63 | €14.40 | x |
| 2021-06-30 | €204.91 | €14.40 | x |
| 2022-06-30 | €207.71 | €14.40 | x |
| 2023-06-30 | €207.75 | €14.40 | x |
| 2024-06-30 | €209.36 | €14.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sun Hung Kai Properties 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): 3.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.64%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.35x
- Recent ROE (3.14%) is below the historical average (6.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 8.08% | 44.63% | 0.13x | 1.34x | €-7.96 Billion |
| 2015 | 6.89% | 46.54% | 0.11x | 1.34x | €-14.02 Billion |
| 2016 | 6.97% | 35.82% | 0.15x | 1.31x | €-14.20 Billion |
| 2017 | 8.32% | 53.45% | 0.12x | 1.27x | €-8.41 Billion |
| 2018 | 9.23% | 58.53% | 0.12x | 1.32x | €-4.17 Billion |
| 2019 | 7.91% | 52.85% | 0.11x | 1.32x | €-11.94 Billion |
| 2020 | 4.12% | 28.66% | 0.10x | 1.39x | €-33.87 Billion |
| 2021 | 4.51% | 31.38% | 0.11x | 1.34x | €-32.63 Billion |
| 2022 | 4.25% | 32.88% | 0.10x | 1.34x | €-34.63 Billion |
| 2023 | 3.97% | 33.58% | 0.09x | 1.34x | €-36.30 Billion |
| 2024 | 3.14% | 26.64% | 0.09x | 1.35x | €-41.63 Billion |
Industry Comparison
This section compares Sun Hung Kai Properties Limited's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $1,443,117,399,015
- Average return on equity (ROE) among peers: -8.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sun Hung Kai Properties Limited (SHG) | €609.44 Billion | 8.08% | 0.33x | $31.59 Billion |
| CK Asset Holdings Limited (1CK) | $400.20 Billion | 3.48% | 0.25x | $17.68 Billion |
| RONSHINE CH.HLD.HD-00001 (1R7) | $52.28 Billion | 2.48% | 3.69x | $19.02 Million |
| AGUNG PODOMORO (2AG.SG) (2AG) | $13.78 Trillion | 4.60% | 0.89x | $13.27 Million |
| Pruksa Holding Public Company Limited (2PR3) | $43.79 Billion | 6.33% | 0.79x | $181.69 Million |
| Zhong An Group Limited (35Z) | $10.52 Billion | 6.06% | 1.87x | $32.94 Million |
| China Jinmao Holdings Group Limited (3F5) | $56.33 Billion | 9.40% | 1.45x | $2.37 Billion |
| Sino-Ocean Group Holding Limited (3SD) | $76.45 Billion | 3.57% | 2.68x | $158.20 Million |
| HUIJING HLDG.CO.LTD HD-01 (3XU) | $525.42 Million | -132.60% | 18.83x | $5.25 Million |
| ZHONGLIANG HLDG HD-01 (3ZH) | $35.48 Billion | 7.62% | 6.53x | $8.69 Million |
| China Aoyuan Group Limited (47C) | $-28.08 Billion | 0.00% | 0.00x | $27.52 Million |
About Sun Hung Kai Properties Limited
Sun Hung Kai Properties Limited, an investment holding company, develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally. It develops, sells, and leases properties, including residential estates, offices, shopping malls, and hotels and serviced suites. The company also provides property management services; construction-related services, including lan… Read more