Company Valuation: Swire Pacific Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 62,927 90,678 86,293 88,724 81,888 124,320 - -
Change - 44.1% -4.83% 2.82% -7.7% 51.82% - -
Enterprise Value (EV) 1 101,582 147,437 141,429 159,287 147,152 180,267 173,491 165,284
Change - 45.14% -4.07% 12.63% -7.62% 22.5% -3.76% -4.73%
P/E 19.7x 24.4x 3.31x 23x 28.9x 10.5x 10.6x 9.91x
PBR 0.25x 0.39x 0.36x 0.38x 0.33x 0.51x 0.49x 0.48x
PEG - 1x 0x -0.3x -1x 0x -9.22x 1.34x
Capitalization / Revenue 0.68x 0.99x 0.91x 1.08x 0.91x 1.26x 1.21x 1.18x
EV / Revenue 1.1x 1.61x 1.49x 1.94x 1.63x 1.83x 1.68x 1.57x
EV / EBITDA 6.15x 9.58x 3.74x 11.2x 9.71x 10x 9.63x 8.69x
EV / EBIT 8.16x 12.9x 4.62x 15.6x 14x 12.9x 12.8x 11.4x
EV / FCF 12.9x 29.2x 38.2x 26.3x 21x 18.7x 17.7x 16.2x
FCF Yield 7.73% 3.42% 2.62% 3.8% 4.76% 5.34% 5.65% 6.16%
Dividend per Share 2 2.6 3 3.2 3.35 3.8 4.258 4.457 4.813
Rate of return 5.86% 4.37% 4.84% 4.76% 6.06% 4.08% 4.27% 4.61%
EPS 2 2.25 2.81 19.96 3.06 2.17 9.916 9.802 10.53
Distribution rate 116% 107% 16% 109% 175% 42.9% 45.5% 45.7%
Net sales 1 92,403 91,693 94,823 81,969 90,467 98,291 103,032 105,060
EBITDA 1 16,524 15,396 37,846 14,195 15,148 18,016 18,012 19,031
EBIT 1 12,453 11,431 30,621 10,214 10,527 13,988 13,566 14,553
Net income 1 3,364 4,195 28,853 4,321 2,938 12,848 12,635 13,880
Net Debt 1 38,655 56,759 55,136 70,563 65,264 55,947 49,171 40,964
Reference price 2 44.35 68.70 66.10 70.45 62.70 104.30 104.30 104.30
Nbr of stocks (in thousands) 1,501,580 1,453,312 1,437,975 1,376,889 1,348,753 1,348,752 - -
Announcement Date 3/10/22 A 3/9/23 A 3/14/24 A 3/13/25 A 3/12/26 A - - -
1HKD in Million2HKD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.66x1.85x10.09x4.03% 16.06B
26.32x8.15x23.32x2.41% 380B
19.98x2.79x10.87x2.88% 44.35B
18.47x1.63x10.19x2.44% 22.54B
16.35x1.43x7.06x5.01% 19.31B
40.93x5.43x23.6x0.44% 14.86B
15.91x0.67x5.03x2.62% 8.92B
26.02x1.84x8.48x2.18% 7.99B
26.84x2.48x11.15x-.--% 7.92B
Average 22.39x 2.92x 12.20x 2.44% 57.96B
Weighted average by Cap. 24.83x 6.58x 19.97x 2.5%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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