Wharf Holdings Ltd
Founded in 1886, The Wharf (Holdings) Limited ("Wharf", Stock Code: 4) was the 17th company registered in Hong Kong and is currently the 7th with the longest history. Wharf is also one of the 30 constituent stocks in the original Hang Seng Index from the 1960s. The Group upholds a long standing mission of "Building for Tomorrow". With a proven track record in management and execution, the Group's… Read more
Wharf Holdings Ltd (WARFY) - Net Assets
Latest net assets as of June 2025: $149.04 Billion USD
Based on the latest financial reports, Wharf Holdings Ltd (WARFY) has net assets worth $149.04 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($198.61 Billion) and total liabilities ($49.56 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 | $149.04 Billion |
| % of Total Assets | 75.04% |
| Annual Growth Rate | 3.53% |
| 5-Year Change | -12.85% |
| 10-Year Change | -55.08% |
| Growth Volatility | 17.37 |
Wharf Holdings Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Wharf Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Wharf Holdings Ltd (2000–2024)
The table below shows the annual net assets of Wharf Holdings Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $142.47 Billion | -3.87% |
| 2023-12-31 | $148.20 Billion | -4.82% |
| 2022-12-31 | $155.71 Billion | -6.41% |
| 2021-12-31 | $166.38 Billion | +1.77% |
| 2020-12-31 | $163.48 Billion | +11.71% |
| 2019-12-31 | $146.34 Billion | +5.46% |
| 2018-12-31 | $138.76 Billion | -4.61% |
| 2017-12-31 | $145.47 Billion | -55.30% |
| 2016-12-31 | $325.41 Billion | +2.59% |
| 2015-12-31 | $317.18 Billion | +0.98% |
| 2014-12-31 | $314.11 Billion | +10.50% |
| 2013-12-31 | $284.25 Billion | +10.65% |
| 2012-12-31 | $256.91 Billion | +21.83% |
| 2011-12-31 | $210.87 Billion | +23.57% |
| 2010-12-31 | $170.65 Billion | +39.69% |
| 2009-12-31 | $122.16 Billion | +15.40% |
| 2008-12-31 | $105.86 Billion | +15.06% |
| 2007-12-31 | $92.00 Billion | +15.12% |
| 2006-12-31 | $79.92 Billion | +16.79% |
| 2005-12-31 | $68.43 Billion | -1.57% |
| 2004-12-31 | $69.52 Billion | +24.93% |
| 2003-12-31 | $55.65 Billion | +6.12% |
| 2002-12-31 | $52.44 Billion | -10.16% |
| 2001-12-31 | $58.38 Billion | -5.81% |
| 2000-12-31 | $61.98 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wharf Holdings Ltd'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 12280100000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $122.80 Billion | 89.75% |
| Common Stock | $30.38 Billion | 22.20% |
| Other Comprehensive Income | $-16.35 Billion | -11.95% |
| Total Equity | $136.83 Billion | 100.00% |
Wharf Holdings Ltd Competitors by Market Cap
The table below lists competitors of Wharf Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Commercial & Savings Bank Ltd
TW:5876
|
$4.40 Billion |
|
Meritage Corporation
NYSE:MTH
|
$4.41 Billion |
|
SAIPEM
F:SPEA
|
$4.41 Billion |
|
Suzhou Maxwell Technologies Co Ltd Class A
SHE:300751
|
$4.41 Billion |
|
Technology One Ltd
AU:TNE
|
$4.40 Billion |
|
Galaxy Digital Holdings Ltd
NASDAQ:GLXY
|
$4.40 Billion |
|
Lg Electronics Pref
KO:066575
|
$4.40 Billion |
|
Avary Holding Shenzhen Co Ltd Class A
SHE:002938
|
$4.40 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wharf Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 142,989,000,000 to 136,832,000,000, a change of -6,157,000,000 (-4.3%).
- Net loss of 3,224,000,000 reduced equity.
- Dividend payments of 1,222,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,728,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.22 Billion | -2.36% |
| Dividends Paid | $1.22 Billion | -0.89% |
| Other Comprehensive Income | $-1.73 Billion | -1.26% |
| Other Changes | $17.00 Million | +0.01% |
| Total Change | $- | -4.31% |
Book Value vs Market Value Analysis
This analysis compares Wharf Holdings Ltd'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: 0.05x
- 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 |
|---|---|---|---|
| 2000-12-31 | $44.21 | $4.60 | x |
| 2001-12-31 | $41.68 | $4.60 | x |
| 2002-12-31 | $37.00 | $4.60 | x |
| 2003-12-31 | $39.24 | $4.60 | x |
| 2004-12-31 | $49.67 | $4.60 | x |
| 2005-12-31 | $49.74 | $4.60 | x |
| 2006-12-31 | $59.49 | $4.60 | x |
| 2007-12-31 | $65.86 | $4.60 | x |
| 2008-12-31 | $70.29 | $4.60 | x |
| 2009-12-31 | $81.13 | $4.60 | x |
| 2010-12-31 | $115.30 | $4.60 | x |
| 2011-12-31 | $134.34 | $4.60 | x |
| 2012-12-31 | $160.43 | $4.60 | x |
| 2013-12-31 | $177.78 | $4.60 | x |
| 2014-12-31 | $201.65 | $4.60 | x |
| 2015-12-31 | $203.05 | $4.60 | x |
| 2016-12-31 | $208.97 | $4.60 | x |
| 2017-12-31 | $93.37 | $4.60 | x |
| 2018-12-31 | $88.86 | $4.60 | x |
| 2019-12-31 | $93.72 | $4.60 | x |
| 2020-12-31 | $104.17 | $4.60 | x |
| 2021-12-31 | $106.07 | $4.60 | x |
| 2022-12-31 | $99.20 | $4.60 | x |
| 2023-12-31 | $93.58 | $4.60 | x |
| 2024-12-31 | $89.55 | $4.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wharf Holdings Ltd 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): -2.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -26.61%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.39x
- Recent ROE (-2.36%) is below the historical average (8.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 4.30% | 20.74% | 0.13x | 1.60x | $-3.30 Billion |
| 2001 | 4.61% | 21.48% | 0.13x | 1.62x | $-2.95 Billion |
| 2002 | 4.64% | 19.93% | 0.14x | 1.66x | $-2.61 Billion |
| 2003 | 5.89% | 27.04% | 0.14x | 1.57x | $-2.12 Billion |
| 2004 | 7.08% | 38.62% | 0.13x | 1.44x | $-1.90 Billion |
| 2005 | 21.26% | 110.72% | 0.12x | 1.60x | $7.36 Billion |
| 2006 | 14.31% | 80.49% | 0.11x | 1.59x | $3.24 Billion |
| 2007 | 15.22% | 81.09% | 0.11x | 1.69x | $4.51 Billion |
| 2008 | 6.28% | 39.19% | 0.09x | 1.69x | $-3.70 Billion |
| 2009 | 16.71% | 109.70% | 0.09x | 1.65x | $7.74 Billion |
| 2010 | 21.92% | 184.47% | 0.08x | 1.49x | $19.44 Billion |
| 2011 | 15.04% | 127.35% | 0.08x | 1.56x | $10.24 Billion |
| 2012 | 19.02% | 153.17% | 0.08x | 1.48x | $22.41 Billion |
| 2013 | 10.66% | 92.14% | 0.08x | 1.51x | $1.82 Billion |
| 2014 | 11.76% | 94.22% | 0.09x | 1.46x | $5.38 Billion |
| 2015 | 5.21% | 39.20% | 0.09x | 1.44x | $-14.75 Billion |
| 2016 | 6.77% | 45.98% | 0.11x | 1.40x | $-10.24 Billion |
| 2017 | 15.41% | 50.55% | 0.19x | 1.57x | $7.68 Billion |
| 2018 | 4.89% | 31.46% | 0.09x | 1.68x | $-6.92 Billion |
| 2019 | 2.37% | 20.07% | 0.07x | 1.70x | $-10.90 Billion |
| 2020 | 2.43% | 18.40% | 0.08x | 1.60x | $-12.02 Billion |
| 2021 | 3.71% | 26.90% | 0.09x | 1.57x | $-10.18 Billion |
| 2022 | -1.12% | -9.44% | 0.08x | 1.46x | $-16.86 Billion |
| 2023 | 0.66% | 4.99% | 0.09x | 1.43x | $-13.35 Billion |
| 2024 | -2.36% | -26.61% | 0.06x | 1.39x | $-16.91 Billion |
Industry Comparison
This section compares Wharf Holdings Ltd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $8,708,016,178
- Average return on equity (ROE) among peers: -18.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wharf Holdings Ltd (WARFY) | $149.04 Billion | 4.30% | 0.33x | $4.40 Billion |
| Applied Development Holdings Limited (ADHLF) | $872.99 Million | -18.66% | 0.65x | $1.95 Million |
| Alset Ehome International Inc (AEI) | $29.20 Million | -17.09% | 0.67x | $7.53 Million |
| Autris (AUTR) | $-56.91K | 0.00% | 0.00x | $1.57K |
| AMREP Corporation (AXR) | $127.47 Million | 9.98% | 0.05x | $80.48 Million |
| Ayala Land Inc (AYAAF) | $50.75 Billion | 8.64% | 0.64x | $3.06 Billion |
| Bayport International Holdings Inc (BAYP) | $124.43K | -208.38% | 2.27x | $1.00 |
| Beijing North Star Company Limited (BEIJF) | $8.81 Billion | 5.10% | 1.91x | $161.03 Million |
| China Overseas Land Investment (CAOVY) | $25.08 Billion | 15.75% | 1.41x | $20.11 Billion |
| C C Land Holdings Limited (CCLHF) | $354.40 Million | 7.00% | 0.52x | $141.49 Million |
| Century Communities Inc (CCS) | $1.06 Billion | 10.64% | 1.35x | $1.45 Billion |