MTR Corp Ltd

Chart & Performance

D1W1MN

P/E

21.24

P/S

2.90

EPS

1.25

Div Yield, %

4.59%

Shrs. gr., 5y

0.47%

Rev. gr., 5y

1.11%

Revenues

56.98b

+19.18%

Net income

7.78b

-20.79%

CFO

11.20b

+65.71%

Dividend

Aug 28, 20240.42 HKD/sh

Earnings

Mar 05, 2025

Profile

MTR Corporation Limited designs, constructs, operates, maintains, and invests in railways in Hong Kong, Australia, Mainland China, Macao, Sweden, and the United Kingdom. It operates through Hong Kong Transport Operations; Hong Kong Station Commercial Businesses; Hong Kong Property Rental and Management Businesses; Hong Kong Property Development; Mainland China and International Railway, Property Rental and Management Businesses; Mainland China Property Development; and Other Businesses segments. The company offers domestic and cross-boundary railway services, airport express, and a light rail and bus feeder system. It operates 266.3 kilometers of rail network; and 98 stations. The company also provides intercity railway services; leases advertising, office, retail, and car parking spaces at railway stations; offers telecommunication and bandwidth services in railway premises; provides estate management services; and invests in, develops, manages, and leases properties, including shopping malls and offices. In addition, it is involved in the construction, operation, and maintenance of mass transit railway systems. Further, it operates Octopus, a contactless smartcard common payment system; and provides railway consultancy and project management services, as well as offers railway management, engineering, and technology training services. Additionally, the company administers the operation of MTR academy; and provides station management, financing, technical support, and mobile and fixed telecommunication network and related services. It also operates cable car system and a theme village. MTR Corporation Limited was founded in 1975 and is headquartered in Kowloon Bay, Hong Kong.

URL

https://www.mtr.com.hk/

IPO date

Oct 05, 2000

Employees

32,977

Domiciled in

Incorporated in

Valuation

Order:

Title HKD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title HKD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	56,982,000 19.18%	47,812,000 1.29%	47,202,000 10.96%
Cost of revenue	41,438,000	46,803,000	45,541,000
Unusual Expense (Income)
NOPBT	15,544,000	1,009,000	1,661,000
NOPBT Margin	27.28%	2.11%	3.52%
Operating Taxes	1,575,000	1,608,000	2,261,000
Tax Rate	10.13%	159.37%	136.12%
NOPAT	13,969,000	(599,000)	(600,000)
Net income	7,784,000 -20.79%	9,827,000 2.88%	9,552,000 -298.63%
Dividends	(7,595,000)	(8,562,000)	(7,165,000)
Dividend yield	4.04%	3.34%	2.77%
Proceeds from repurchase of equity	(93,000)	(109,000)	(116,000)
BB yield	0.05%	0.04%	0.04%
Debt
Debt current	2,060,000	11,428,000	8,212,000
Long-term debt	58,596,000	46,700,000	45,917,000
Deferred revenue		2,587,000	707,000
Other long-term liabilities	13,625,000	1,713,000	1,010,000
Net debt	24,665,000	(70,713,000)	(73,109,000)
Cash flow
Cash from operating activities	11,197,000	6,757,000	7,472,000
CAPEX	(12,333,000)	(19,284,000)	(8,642,000)
Cash from investing activities	(7,724,000)	(1,987,000)	5,974,000
Cash from financing activities	1,873,000	(4,571,000)	(14,531,000)
FCF	22,528,000	(9,053,000)	849,000
Balance
Cash	22,375,000	16,369,000	21,195,000
Long term investments	13,616,000	112,472,000	106,043,000
Excess cash	33,141,900	126,450,400	124,877,900
Stockholders' equity	178,856,000	180,174,000	180,282,000
Invested Capital	219,275,100	112,327,600	108,175,100
ROIC	8.43%
ROCE	5.81%	0.40%	0.67%
EV
Common stock shares outstanding	6,208,315	6,196,798	6,187,031
Price	30.30 -26.72%	41.35 -1.19%	41.85 -4.45%
Market cap	188,111,943 -26.59%	256,237,589 -1.04%	258,927,229 -4.07%
EV	213,288,943	186,150,589	186,141,229
EBITDA	21,649,000	7,043,000	7,853,000
EV/EBITDA	9.85	26.43	23.70
Interest	1,940,000	1,834,000	1,718,000
Interest/NOPBT	12.48%	181.76%	103.43%