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Shangri-La Asia
(0069)
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Rating:57Neutral
Price Target:
HK$4.50
▲(10.02% Upside)
Action:Reiterated
Date:08/04/26
The score is held back mainly by the financial profile: despite strong post-pandemic operating margins and recovered revenue, net profitability softened, leverage is elevated and rising, and cash flow quality/consistency is weaker than the operating recovery suggests. Technicals are moderately supportive with price above key moving averages and a positive MACD, but momentum appears stretched (high stochastic), while valuation is neutral with a moderate P/E and a solid dividend yield.
Positive Factors
Operating margin strength
High operating (~38%) and EBITDA (~49%) margins reflect durable operating leverage in hotel operations. Sustained margins indicate efficient cost structure and pricing power across properties, supporting long-term profitability resilience through cycles and enabling reinvestment in brands and service standards.
Negative Factors
Elevated leverage
Elevated and rising leverage (debt ~7.61B; debt/equity ~1.43) constrains financial flexibility. High fixed obligations increase sensitivity to occupancy or rate shocks, limit capacity for opportunistic investment or dividend resilience, and raises refinancing risk across economic cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating margin strength
High operating (~38%) and EBITDA (~49%) margins reflect durable operating leverage in hotel operations. Sustained margins indicate efficient cost structure and pricing power across properties, supporting long-term profitability resilience through cycles and enabling reinvestment in brands and service standards.
Read all positive factors
Shangri-La Asia (0069) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$14.62B
Dividend Yield3.67%
Average Volume (3M)647.72K
Price to Earnings (P/E)12.9
Beta (1Y)0.49
Revenue Growth5.29%
EPS Growth15.06%
CountryHK
Employees24,800
SectorConsumer Cyclical
Sector Strength84
IndustryTravel Lodging
Share Statistics
EPS (TTM)0.04
Shares Outstanding3,591,116,200
10 Day Avg. Volume958,137
30 Day Avg. Volume647,718
Financial Highlights & Ratios
PEG Ratio-0.64
Price to Book (P/B)0.41
Price to Sales (P/S)0.98
P/FCF Ratio23.85
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$5.15Price Target Upside25.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.05
Revenue Forecast (FY)HK$2.35B
Shangri-La Asia Business Overview & Revenue Model
Company Description
Shangri-La Asia Limited functions as a global hospitality and real estate conglomerate, primarily focusing on the development, ownership, leasing, management, and operation of hotels and related properties across the world. Its business activities...
How the Company Makes Money
Shangri-La Asia primarily makes money by monetizing its hotel portfolio through a mix of operating income, property-related income, and ancillary hospitality services:
1) Hotel operations (core recurring revenue)
- Room revenue: The largest and m...
Shangri-La Asia Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
49
Neutral
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.30B | 2.23B | 2.19B | 2.14B | 1.46B | 1.24B |
| Gross Profit | 1.29B | 1.25B | 1.22B | 1.17B | 686.52M | 544.52M |
| EBITDA | 809.74M | 462.25M | 828.65M | 882.06M | 110.40M | -85.76M |
| Net Income | 143.15M | 112.29M | 161.39M | 184.14M | -158.52M | -290.57M |
Balance Sheet | ||||||
| Total Assets | 14.82B | 14.42B | 13.50B | 12.86B | 12.63B | 13.47B |
| Cash, Cash Equivalents and Short-Term Investments | 2.74B | 2.54B | 1.94B | 978.26M | 779.88M | 802.12M |
| Total Debt | 7.99B | 7.61B | 6.94B | 6.26B | 6.18B | 6.21B |
| Total Liabilities | 9.18B | 8.83B | 8.06B | 7.39B | 7.21B | 7.42B |
| Stockholders Equity | 5.36B | 5.32B | 5.18B | 5.22B | 5.25B | 5.86B |
Cash Flow | ||||||
| Free Cash Flow | 317.04M | 91.80M | 25.29M | 83.64M | -163.46M | -215.69M |
| Operating Cash Flow | 350.56M | 159.45M | 145.16M | 238.83M | -91.04M | -144.43M |
| Investing Cash Flow | -175.54M | 4.69M | 149.37M | -157.52M | 88.17M | 79.76M |
| Financing Cash Flow | -446.83M | 226.80M | 660.09M | 33.54M | 64.04M | -108.25M |
Shangri-La Asia Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$1.81B | 19.00 | 2.28% | 1.92% | 3.53% | -7.65% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | HK$1.65B | 4.77 | 3.55% | 6.88% | -4.80% | 585.92% | |
57 Neutral | HK$14.62B | 12.93 | 2.68% | 3.73% | 5.29% | 15.06% | |
57 Neutral | HK$545.77M | 14.52 | 0.90% | 0.77% | 6.29% | ― | |
49 Neutral | HK$9.54B | 14.55 | 1.75% | 1.30% | -3.68% | ― | |
40 Underperform | HK$395.46M | -0.82 | -7.05% | 3.48% | 49.29% | 79.61% |
* Consumer Cyclical Sector Average
HK:0069
Shangri-La Asia
4.09
-0.33
-7.45%
HK:0045
Hongkong & Shanghai Hotels
5.59
-0.29
-4.86%
HK:1270
Langham Hospitality Investments
0.47
<0.01
1.75%
HK:0201
Magnificent Hotel Investments Limited
0.06
>-0.01
-12.86%
HK:1221
Sino Hotels (Holdings) Ltd.
1.56
0.15
10.33%
HK:0078
Regal Hotels International Holdings Limited
0.45
-0.10
-17.59%
Shangri-La Asia Corporate Events
Shangri-La Asia Flags Sharp Rise in First-Half Operating Profit
Jul 31, 2026
Shangri-La Asia has issued a positive profit alert, indicating that it expects to report operating profit attributable to shareholders of at least US$87 million for the six months ended 30 June 2026, up more than 70% from a year earlier. Excluding...
Shangri-La Asia Grants 365,000 Award Shares Under Employee Incentive Scheme
Jul 13, 2026
Shangri-La Asia has granted 365,000 award shares to two non-director employees under its long-standing share award scheme, with all shares to be satisfied by purchases of existing stock on the market. The awards vest in tranches between April 2027...
Shangri-La Asia Grants 15.8 Million Share Awards Under 2025 Scheme
Jul 13, 2026
Shangri-La Asia has granted 15,797,900 share awards under its 2025 Share Scheme to 117 grantees, including two directors and 115 employees, with no purchase price and a grant-date share price of HK$4.01. The awards will vest in three tranches from...
Shangri-La Asia Announces Resignation of Executive Director and Chief Investment Officer
Jul 6, 2026
Shangri-La Asia Limited announced that Mr. Chua Chee Wui will resign as Executive Director, Group Chief Investment Officer, and member of the Board’s Executive Committee, effective 8 July 2026. The company stated that Mr. Chua is leaving to ...
Shangri-La Asia Shareholders Back All AGM Resolutions, Expanding Capital Mandates
May 29, 2026
Shangri-La Asia reported that all resolutions at its annual general meeting on 29 May 2026 were duly approved by shareholders, including the adoption of the 2025 audited financial statements and the declaration of a final dividend. Shareholders al...
Shangri-La Asia Reproduces Malaysian Subsidiary Filing for Hong Kong Investors
May 25, 2026
Shangri-La Asia Limited has announced that its 52.78%-owned subsidiary, Shangri-La Hotels (Malaysia) Berhad, has released a regulatory announcement in Malaysia, which is being reproduced in Hong Kong to meet cross-listing disclosure rules. The fil...
Shangri-La Asia Publishes Thai Subsidiary’s Q1 2026 Financial Information for Hong Kong Investors
May 11, 2026
Shangri-La Asia Limited has issued an overseas regulatory announcement concerning its 73.61%-owned Thai subsidiary, Shangri-La Hotel Public Company Limited, which is listed on the Stock Exchange of Thailand. The announcement reproduces SHPCL’...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.