Swire Pacific (0019) AI Stock Analysis

• Market Cap: $82.46B
• Dividend Yield: 5.16%
• Average Volume (3M): 821.76K
• Price to Earnings (P/E): 70.8
• Beta (1Y): 0.45
• Revenue Growth: 6.44%
• EPS Growth: -95.37%
• Country: HK
• Employees: 87,000
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): 4.01
• Shares Outstanding: 778,988,000
• 10 Day Avg. Volume: 851,922
• 30 Day Avg. Volume: 821,757
• PEG Ratio: -0.22
• Price to Book (P/B): 0.31
• Price to Sales (P/S): 0.98
• P/FCF Ratio: 13.24
• Enterprise Value/Market Cap: 2.77
• Enterprise Value/Revenue: 2.59
• Enterprise Value/Gross Profit: 6.98
• Enterprise Value/Ebitda: 16.07
• 1Y Price Target: $80.21
• Price Target Upside: 21.62% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: HK$72.00 ▲(9.17% Upside)

Swire Pacific's overall stock score is driven by a mixed financial performance with strong cash flow and balance sheet stability but challenges in revenue growth and profitability. The earnings call provided a positive outlook for certain divisions, but technical analysis suggests potential downward pressure. The high P/E ratio indicates overvaluation, partially offset by a strong dividend yield.

Swire Pacific Business Overview & Revenue Model

Company Description

Swire Pacific Limited is a diversified investment holding company based in Hong Kong, operating primarily in sectors such as property, aviation, beverages, and marine services. The company is involved in the development, ownership, and management of real estate properties, including residential, commercial, and industrial spaces. Within the aviation sector, Swire Pacific is a major shareholder in Cathay Pacific Airways, contributing to its revenues through passenger and cargo services. Additionally, the company has interests in the production and distribution of beverages, primarily through its subsidiary Swire Beverages, which operates bottling plants and distributes products for brands like Coca-Cola in Greater China and the United States.

How the Company Makes Money

Swire Pacific generates revenue through several key streams. The property division is a significant contributor, earning income from leasing and selling commercial and residential properties. The aviation segment derives revenue primarily from passenger and cargo services offered by Cathay Pacific Airways, where Swire Pacific holds a substantial ownership stake. The beverages division generates income through the production and distribution of beverages, capitalizing on its extensive network and partnerships with global brands. Additionally, Swire Pacific benefits from its marine services, which provide logistics and support to the shipping industry. The company's diversified portfolio helps mitigate risks and enhances its earnings potential across different economic cycles.

Swire Pacific Financial Statement Overview

Summary

Swire Pacific's financial performance is mixed. The income statement shows challenges in revenue growth and profitability, with a negative revenue growth rate and low net profit margin. However, the balance sheet is strong with a solid equity base and low debt levels. Cash flow generation is robust, though recent free cash flow growth is slightly negative.

Income Statement

Swire Pacific's income statement reveals mixed performance. The gross profit margin for the latest year is approximately 37.16%, showing efficient cost management. However, the net profit margin is relatively low at 5.27%, indicating challenges in converting revenue to profit. The revenue growth rate from the previous year was negative at -13.55%, reflecting a decline in sales. EBIT and EBITDA margins are 5.17% and 17.83% respectively, indicating moderate operational efficiency.

Balance Sheet

The balance sheet shows a solid equity base with an equity ratio of 54.21%, suggesting financial stability. The debt-to-equity ratio is 0.39, which is relatively low, indicating manageable leverage. ROE stands at 1.67%, lower than desired, reflecting modest returns on equity investment.

Cash Flow

Swire Pacific's cash flow analysis shows a positive operating cash flow to net income ratio of 2.42, indicating strong cash generation from operations. Free cash flow to net income ratio is 1.40, reflecting a good conversion of profits into free cash flow. However, the free cash flow growth rate is slightly negative at -4.29%, which could signal potential challenges in sustaining cash flow generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	88.18B	81.97B	94.82B	91.17B	90.80B	78.36B
Gross Profit	32.69B	30.46B	35.15B	34.19B	35.28B	30.50B
EBITDA	14.21B	14.62B	35.57B	16.07B	16.41B	12.21B
Net Income	1.22B	4.32B	28.85B	4.20B	5.12B	-11.00B
Balance Sheet
Total Assets	480.03B	476.56B	447.75B	434.77B	436.32B	433.11B
Cash, Cash Equivalents and Short-Term Investments	26.84B	21.03B	14.08B	11.61B	22.89B	29.26B
Total Debt	103.84B	99.47B	74.90B	74.34B	68.25B	74.17B
Total Liabilities	165.94B	157.89B	122.98B	118.83B	112.15B	113.96B
Stockholders Equity	257.88B	258.30B	268.13B	258.46B	266.95B	262.69B
Cash Flow
Free Cash Flow	8.40B	6.05B	6.32B	4.73B	7.45B	8.46B
Operating Cash Flow	13.39B	10.46B	9.92B	8.16B	11.66B	11.46B
Investing Cash Flow	-11.32B	-14.60B	13.03B	-17.54B	-6.34B	1.73B
Financing Cash Flow	6.94B	12.62B	-21.73B	-1.40B	-12.34B	-5.69B

Swire Pacific Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 65.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0019, the sentiment is Positive. The current price of 65.95 is above the 20-day moving average (MA) of 65.08, below the 50-day MA of 65.95, and above the 200-day MA of 65.79, indicating a neutral trend. The MACD of -0.22 indicates Negative momentum. The RSI at 54.02 is Neutral, neither overbought nor oversold. The STOCH value of 59.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0019.

Swire Pacific Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0053	80 Outperform	$25.20B	6.30	6.18%	4.23%	7.45%	11.56%
0087	76 Outperform	HK$83.80B	12.57	0.47%	5.94%	6.44%	-95.37%
0001	71 Outperform	$198.40B	25.65	1.42%	4.23%	1.93%	-65.62%
0392	66 Neutral	$43.25B	7.46	6.26%	4.63%	―	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
0019	63 Neutral	$82.46B	70.76	0.47%	5.16%	6.44%	-95.37%
0656	42 Neutral	$39.10B	-8.15	-3.65%	0.41%	-8.93%	-698.78%

Swire Pacific Corporate Events

Swire Pacific Announces Approval for Thainamthip Spin-Off

Swire Pacific Limited has announced that the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET) have approved the proposed spin-off and separate listing of Thainamthip Corporation Public Company Limited (TCPCL) on the SET. This move is part of Swire Pacific’s strategy to enhance its market positioning and provide greater value to its shareholders. However, the spin-off is still subject to further approvals and market conditions, and there is no guarantee of its completion.

The most recent analyst rating on (HK:0019) stock is a Buy with a HK$81.00 price target. To see the full list of analyst forecasts on Swire Pacific stock, see the HK:0019 Stock Forecast page.

Swire Pacific Reports Mixed 2025 Interim Results

Swire Pacific Limited is a Hong Kong-based international conglomerate with a diversified portfolio, primarily focusing on property, beverages, and aviation sectors in Greater China and South East Asia. The company aims for sustainable growth through strategic investments and sound financial management.

Swire Pacific Renews Key Service Agreements with JS&SHK

Swire Pacific Limited has announced the renewal of its Services Agreements with JS&SHK, effective from January 1, 2026, to December 31, 2028. These agreements, which involve the provision of advisory and operational services by JS&SHK to Swire Pacific, will continue to be classified as continuing connected transactions under the Hong Kong Listing Rules. The renewal ensures the continuation of strategic support and operational services crucial for Swire Pacific’s business operations, with service fees calculated based on dividends and profits. This renewal reflects Swire Pacific’s commitment to maintaining robust operational support and strategic alignment with JS&SHK, potentially impacting its operational efficiency and stakeholder relations positively.

The most recent analyst rating on (HK:0019) stock is a Hold with a HK$71.00 price target. To see the full list of analyst forecasts on Swire Pacific stock, see the HK:0019 Stock Forecast page.

Swire Pacific Limited Announces 2025 Interim Results

Swire Pacific Limited has released its 2025 interim results, highlighting its financial performance and operational achievements. The announcement provides insights into the company’s strategic initiatives and market positioning, which are crucial for stakeholders to understand its future trajectory and potential impact on the industry.

The most recent analyst rating on (HK:0019) stock is a Hold with a HK$71.00 price target. To see the full list of analyst forecasts on Swire Pacific stock, see the HK:0019 Stock Forecast page.

Swire Properties Reports Stable Occupancy and Progress on Mainland Developments

Swire Properties Limited has released its quarterly operating statement for the second quarter of 2025, highlighting occupancy rates and rental performance across its Hong Kong and Mainland China properties. The report indicates stable occupancy in Hong Kong’s office spaces, with slight variations in rental reversion rates. Retail properties in both regions show mixed performance, with some locations experiencing increased retail sales, while others see declines. The company is also progressing with several development projects in Mainland China, expected to complete between 2026 and 2027, which could enhance its market positioning and offer growth opportunities.

The most recent analyst rating on (HK:0019) stock is a Hold with a HK$75.00 price target. To see the full list of analyst forecasts on Swire Pacific stock, see the HK:0019 Stock Forecast page.