Hongkong & Shanghai Hotels Ltd.

Hongkong & Shanghai Hotels Ltd.

5.13
HKD
+0.02
(+0.39%)
8.77BMarket Cap
Mar 17Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.67
3.87
3.76
3.62
3.66
3.88
3.62
1.65
2.1
2.55
4.92
6.2
4.79
- -
Basic EPS, GAAP
1.14
0.76
0.65
0.43
0.73
0.76
0.3
-1.18
-0.07
-0.3
0.09
-0.57
0.19
- -
Free Cash Flow per Basic Share
-1.27
0.68
-0.11
-0.8
0.39
0.59
0.27
-0.52
-0.2
-0.16
2.07
2.65
1.13
- -
Dividend per Share
0.14
0.06
0.06
0.06
0.05
0.03
0.06
0.03
- -
- -
- -
0.01
- -
- -
Book Value per Share
23.37
23.67
23.61
23.2
24.02
23.97
23.9
22.34
22.29
21.84
21.99
21.24
21.66
21.78
Tangible Book Value per Share
22.91
23.26
23.26
22.87
23.67
23.64
23.59
22.02
22
21.56
21.72
20.99
21.39
21.52
Basic Weighted Avg Shares
1,502
1,509
1,528
1,554
1,578
1,600
1,623
1,642
1,649
1,649
1,649
1,659
1,667
1,667
Sales/Revenue/Turnover
5,508
5,838
5,741
5,631
5,782
6,214
5,874
2,710
3,461
4,198
8,112
10,290
7,978
- -
Operating Margin (%)
16.54
18.93
17.66
14.63
15.89
17.36
13.64
-22.66
-3.03
-1.26
7.13
7.39
12.05
- -
Depreciation Expense
395
423
426
464
503
601
589
553
499
452
520
686
714
- -
Net Income, GAAP
1,712
1,146
1,000
675
1,155
1,216
494
-1,940
-120
-488
146
-943
320
- -
Effective Tax Rate (%)
11.89
16.96
10.98
11.3
12.73
13.15
27.63
- -
- -
- -
48.43
- -
36.75
- -
Profit Margin (%)
31.08
19.63
17.42
11.99
19.98
19.57
8.41
-71.59
-3.47
-11.62
1.8
-9.16
4.01
- -
Working Capital
575
1,212
2,395
1,541
-2,051
31
-1,344
-2,036
-2,367
267
1,527
-6,122
-4,588
-3,936
LT Debt
4,936
4,603
6,006
6,996
4,052
9,594
9,416
12,408
14,304
13,275
15,994
8,453
10,449
10,701
Total Equity
35,374
36,151
36,660
36,574
38,702
39,200
39,729
37,152
36,865
36,120
36,379
35,446
36,158
36,359
Return on Invested Capital (%)
2.04
2.22
2.13
1.69
1.79
1.96
1.16
- -
- -
- -
0.55
- -
1.17
- -
Return on Capital (%)
4.54
2.99
2.52
1.77
2.71
2.78
1.13
- -
- -
- -
0.66
- -
1.58
- -
Return on Common Equity (%)
5.02
3.23
2.77
1.85
3.1
3.17
1.27
-5.11
-0.33
-1.34
0.4
-2.63
0.89
- -

Capital Structure

HKD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
9,329
5,677
4,838
LT Borrowings
5,416
7,951
8,233
LT Finance Leases
2,826
2,498
2,468
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,667
1,667
1,667
Market Capitalization
9,168
9,852
8,768

Working Capital

HKD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
3,517
2,986
2,805
Cash, Cash Equivalents & STI
832
762
951
Accounts Receivable, Net
364
403
400
Inventories
1,746
1,367
965
Total Current Liabilities
11,293
7,574
6,741
Payables & Accruals
- -
- -
- -
ST Debt
9,329
5,677
4,838
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.09%
-0.52%
2.01%
Free Cash Flow
-132.49%
-300.05%
-57.12%
Net Income, GAAP
-130.51%
-159.38%
-133.93%
Sales/Revenue/Turnover
9.55%
29.32%
-22.47%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
10,290
2025
- -
- -
7,978
2026
- -
- -
- -

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.57
2025
- -
- -
0.19
2026
- -
- -
- -

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.01
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Benjamin Julien Arthur Vuchot
Full Time Employees
7,768
Sector
Consumer services
Industry
Hotels/Resorts/Cruise lines
Address
St. George’s Building Hong Kong Hong Kong
IPO Date
Jan 7, 2000
Business
The Hongkong and Shanghai Hotels, Limited (HSH) is a luxury hospitality and real estate group that owns, develops, and manages ultra-premium hotels under The Peninsula brand, commercial and residential properties, and tourism assets including The Peak Tram; it operates through three divisions comprising hotels, commercial properties, and clubs and services. Incorporated in 1866 and headquartered in Hong Kong, the company lists on the Hong Kong Stock Exchange (ticker: 0045.HK; OTC: HKSHF) and maintains properties in key locations across Asia (Hong Kong, Shanghai, Beijing, Tokyo, Bangkok, Manila), Europe (London, Paris, Istanbul), and the United States (New York, Chicago, Beverly Hills). Its Peninsula Hotels portfolio features twelve operational properties offering approximately 3,500 rooms with signature amenities such as fine dining, spas, bespoke experiences, and event spaces; commercial assets include The Repulse Bay Complex and The Peak Tower in Hong Kong, 21 avenue Kléber in Paris, The Landmark in Ho Chi Minh City, St. John's Building and The Peninsula Office Tower in Hong Kong, and residential apartments linked to hotel complexes like Peninsula London and Shanghai; ancillary services encompass Peninsula Merchandising boutiques, Peninsula Clubs and Consultancy Services (managing elite clubs like The Hong Kong Club), The Quail golf and motorsports club in Carmel, California, Tai Pan Laundry, and The Peak Tram, Hong Kong's iconic tourist attraction since 1888. HSH targets high-net-worth leisure and corporate travelers, affluent residents, and institutional tenants in the luxury hospitality, premium real estate, and experiential tourism segments. In recent developments, the group completed sales of 17 of 24 Peninsula London Residences by June 2025 with the final six released for sale, issued its inaugural JPY16 billion (HK$869 million) Private Samurai Bond in June 2025 to enhance financial flexibility, appointed Julien Munoz as Chief Commercial Officer in September 2025 and Vincent Pimont as Managing Director of The Peninsula Hong Kong in September 2025, named Benjamin Vuchot as CEO in October 2024, commenced a strategic review to sharpen medium- and long-term plans by end-2025, and reported interim results for the six months ended 30 June 2025 showing 13% operating revenue growth to HK$3.3 billion and 63% operating EBITDA growth to HK$643 million excluding prior-year residence sales.

Company News

  • The Hongkong and Shanghai Hotels, Limited (HKSHY) Q2 2026 Earnings Call Transcript