
New World Development Company Limited (0017.HK)
ValueMarkers Composite Index
70% below intrinsic value ($3)
New World Development Company Limited (0017.HK) — VMCI valuation read
Composite valuation read on 0017.HK: VMCI 42/100 against a Real Estate sector median of 50. The 8-point below-median print is the headline number for New World Development Company Limited, and at the mid-cap tier it reflects how the five pillars combine into a single decision-grade score.
Trailing 30-day insider activity for 0017.HK: nothing material on SEC EDGAR. With the Form 4 channel quiet, the price-vs-DCF gap and the trailing margin trend carry more weight in the active read.
**Investor frame.** Value, quality, risk in three lines on 0017.HK: 0017.HK trades at 19.0x earnings, 6% above the Real Estate median of 18.0x; ROIC of 13.0% sits 3.0pp above the Real Estate median (10.0%); net debt to EBITDA of -1.9x leaves covenant headroom. EV/EBITDA at 14.0x versus 12.0x for Real Estate closes the value frame.
0017.HK rose 0.7% over the trailing 7 days, with a -2.1% read on a 30-day basis.
New World Development Company Limited, an investment holding company, engages in the property development and investment business in Hong Kong and internationally. Its property portfolio comprises residential, retail, office, and industrial properties. The company also provides commercial aircraft leasing services; operates expressways; and constructs residential and commercial projects, as well as provides protection and savings-related life and medical insurance products. In addition, it is involved in the duty-free operation and general trading, civil engineering, loyalty program, marketing, promotion, fashion retailing and trading, and piling and ground investigation businesses; development and operation of sports park; operation of household goods shop and convenience store; sale of LED lighting products and systems; and trading of telecommunication system integration products. Further, the company manages Hong Kong Convention and Exhibition Centre; operates hotels, golf and tennis academies, and shopping malls; operates department stores; and provides information technology, healthcare, training course, ticketing, financial, project management, management, advertising and media related, business and investment consultancy, franchised and non-franchised bus, estate agency, wellness and rehabilitation, endoscopic, carpark management, supply chain management, and catering services, as well as property agency, management, and consultancy services. Additionally, the company undertakes façade and foundation works; and offers elderly residential and nursing care services. As of June 30, 2021, the company had a total of 18 hotel properties with approximately 7,503 rooms in Hong Kong, Mainland China, and the Southeast Asia. New World Development Company Limited was founded in 1970 and is headquartered in Central, Hong Kong.
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