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    Real Estate

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    Real Estate - Development
Wharf (Holdings) Limited

Wharf (Holdings) Limited

WARFY
Wharf (Holdings) LimitedUS flagOther OTC
4.67
USD
- -
- -
7.14BMarket Cap
Wharf (Holdings) Limited
WARFY
(Other OTC)

Recent

price

4.67

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
13.7
16.05
20.37
21.05
25.17
26.97
30.77
28.53
13.83
11.07
13.77
14.65
11.82
12.4
7.93
7.2
Revenue per Share
25.27
20.44
31.21
19.39
23.72
10.57
14.15
14.42
4.35
2.22
2.53
3.94
-1.12
0.62
-2.11
0.03
Basic EPS, GAAP
-1.57
-8.07
7.76
6.62
10.85
14.94
17.74
2.35
-5.56
5.99
6.48
1.36
3.82
1.18
2.36
2.54
Free Cash Flow per Basic Share
1.95
2.03
2.3
3.4
3.5
3.62
3.86
4.42
2.4
1.3
0.55
0.8
0.8
0.8
0.8
0.8
Dividend per Share
1.95
2.03
2
157.62
195.3
202.26
19.46
19.62
19.82
19.83
19.85
19.89
19.88
19.88
19.88
19.88
Book Value per Share
120.43
140.74
169.36
187.34
207.13
209.09
214.52
95.7
90.94
95.83
107
108.73
101.71
96.8
93.04
99.55
Tangible Book Value per Share
1,414
1,496
1,514
1,515
1,515
1,516
1,516
1,517
1,522
1,524
1,525
1,528
1,528
1,528
1,528
1,528
Basic Weighted Avg Shares
19,380
24,004
30,856
31,887
38,136
40,875
46,627
43,273
21,055
16,874
20,997
22,378
18,064
18,950
12,115
10,997
Sales/Revenue/Turnover
52.55
47.57
45.92
41.65
32.7
36.34
36.6
47.66
41.57
46.63
52.88
38.14
13.08
33.81
33.35
39.96
Operating Margin (%)
1,328
1,395
1,430
1,445
1,522
1,548
1,406
938
643
712
724
754
717
706
708
705
Depreciation Expense
35,750
30,568
47,263
29,380
35,930
16,024
21,440
21,876
6,623
3,386
3,864
6,019
-1,705
945
-3,224
50
Net Income, GAAP
6.07
9.54
8.02
12.56
9.29
18.56
15.94
26.06
38.07
46.37
49.78
31.37
734.51
49.66
- -
- -
Effective Tax Rate (%)
184.47
127.35
153.17
92.14
94.22
39.2
45.98
50.55
31.46
20.07
18.4
26.9
-9.44
4.99
-26.61
0.45
Profit Margin (%)
27,175
53,058
40,010
36,356
21,045
13,782
5,145
37,119
20,618
26,192
15,715
35,605
26,040
23,731
24,185
36,965
Working Capital
41,760
67,090
69,090
73,085
69,331
62,244
45,616
26,267
31,847
35,689
30,625
33,081
17,565
14,932
13,844
15,482
LT Debt
170,649
210,874
256,906
284,255
314,111
317,180
325,406
145,471
138,760
146,343
163,476
166,377
155,707
148,203
142,470
152,418
Total Equity
4.8
4.05
4.19
3.31
2.97
3.09
3.69
5.33
2.93
2.22
2.75
2.81
-7.8
1.86
- -
- -
Return on Invested Capital (%)
68.28
41.7
54.95
14.41
10.3
4.23
9.2
26.12
9.65
4.95
4.22
7.96
-6.7
2.21
- -
- -
Return on Capital (%)
1,298.11
1,057.17
1,560.35
24.3
13.44
5.32
12.76
73.83
22.1
11.21
12.78
19.85
-5.61
3.11
-10.61
0.16
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-4.65%
-1.27%
6.98%
Free Cash Flow
-46.51%
28.01%
8.03%
Net Income, GAAP
-83.93%
-154.14%
-101.55%
Sales/Revenue/Turnover
-9.3%
-10.62%
-9.23%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
18,950
2024
- -
- -
- -
- -
12,115
2025
- -
- -
- -
- -
10,997

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.62
2024
- -
- -
- -
- -
-2.11
2025
- -
- -
- -
- -
0.03

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.8
2024
- -
- -
- -
- -
0.8
2025
- -
- -
- -
- -
0.8
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Business
The Wharf (Holdings) Limited (WARFY) engages primarily in property investment, development, hotel operations and logistics infrastructure. The company owns and manages investment properties featuring premium retail, office and serviced apartment spaces in prime locations in Hong Kong, including the exclusive Peak Portfolio of luxury residential developments; development properties in Hong Kong and multiple Mainland China cities such as Beijing, Changsha, Chengdu, Chongqing, Hangzhou and Suzhou; hotels operated under the Wharf Hotels division across Hong Kong, Mainland China and the Philippines with brands Niccolo, Marco Polo and Maqo, totaling 16 properties plus a Park Hyatt-managed hotel in Changsha that opened in June 2024; and logistics infrastructure through ownership and operation of Modern Terminals for container handling and a founding stake in Hong Kong Air Cargo Terminals. Founded in 1886 and headquartered at 16th Floor, Ocean Centre, Harbour City, Canton Road, Kowloon, Hong Kong, Wharf operates principally in Hong Kong and Mainland China, targeting high-end retail tenants, discerning residential buyers, corporate office occupiers, luxury hospitality guests and global trade logistics clients. In November 2025, Wharf entered into a new three-year Master Hotel Services Agreement with Wharf Real Estate Investment Company Limited (WREIC), its connected affiliate following the 2017 spin-off, to regulate ongoing hotel-related services including management, marketing, technical support, procurement and reservations for WREIC-owned properties in Hong Kong and Mainland China, with annual caps escalating from HK$81 million in 2026 to HK$112 million in 2028. The agreement, effective from January 2026, builds on prior arrangements and supports stable revenue streams amid economic recovery, reflecting continued strategic alignment within the broader Wheelock and Company Limited group structure. Wharf also advanced sustainability efforts with near-term science-based greenhouse gas emissions reduction targets validated by the Science Based Targets initiative (SBTi) in June 2025, alongside reporting total assets of HK$198.6 billion as of June 30, 2025.