Kowloon Development Company Limited logo

Kowloon Development Company Limited

0034.HK

HKSEReal EstateReal Estate - Development

Latest quote

HK$4.72

−HK$0.055 · -1.15%

Aug 24, 4:08 PM HKT

0034.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Kowloon Development Company Limited operates as an investment holding entity, primarily focusing on the investment, development, and comprehensive management of real estate assets across Hong Kong and Mainland China. The company undertakes the creation, leasing, and sale of a diverse range of properties, encompassing both residential and commercial ventures. These include various residential towers, clubhouses, car parks, retail outlets, shopping complexes, hotels, and office buildings. By the close of 2021, its land reserves for future development reached approximately 3.6 million square meters of gross floor area. Beyond its core property operations, the company also delivers an array of services, such as security, technical support, housekeeping, building surveying, guarding, and project management, and takes on construction contracts. Furthermore, it engages in financial investment activities, treasury operations, retail ventures, and the distribution of films. Founded in 1961, Kowloon Development Company Limited is headquartered in Mong Kok, Hong Kong, and operates as a subsidiary of Intellinsight Holdings Limited.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
HK
CEO
Wai Sheun Or
Listed since
Jan 4, 2000
Employees
1,992

Market position

Day range

Current HK$4.72

52-week range

Current HK$4.72

Open
HK$4.775
Previous close
HK$4.775
Volume
45K
0.27× average
Average volume
164.3K
Average daily volume
Market cap
6.17B HKD
Beta
0.32
Market reference 1
50-day average
HK$4.797
-1.61% below average
200-day average
HK$4.6743
+0.98% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
25.11B HKD
P/E (TTM)
45.12×
P/B (TTM)
0.35×
P/S (TTM)
1.65×
EV / EBITDA
43.87×
Earnings yield
2.33%
Free cash flow yield
25.98%
Dividend yield
5.08%

Profitability & efficiency

Gross margin
53.66%
Operating margin
0.84%
Net margin
3.66%
Return on equity
0.75%
Return on assets
0.31%
Return on invested capital
-0.09%

Financial health

Debt / equity
1.17×
Current ratio
1.63×
Altman Z-score
0.19
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends128%82%36%-10%Gross margin, FY2021: 76.67%Gross margin, FY2022: 62.37%Gross margin, FY2023: 59.33%Gross margin, FY2024: 38.38%Gross margin, FY2025: 54.04%Operating margin, FY2021: 116.92%Operating margin, FY2022: 40.56%Operating margin, FY2023: 21.17%Operating margin, FY2024: 5.88%Operating margin, FY2025: 1.54%Net margin, FY2021: 107.74%Net margin, FY2022: 27.44%Net margin, FY2023: 11.46%Net margin, FY2024: 2.15%Net margin, FY2025: 2.64%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 76.67%. Gross margin FY2022 62.37%. Gross margin FY2023 59.33%. Gross margin FY2024 38.38%. Gross margin FY2025 54.04%. Operating margin FY2021 116.92%. Operating margin FY2022 40.56%. Operating margin FY2023 21.17%. Operating margin FY2024 5.88%. Operating margin FY2025 1.54%. Net margin FY2021 107.74%. Net margin FY2022 27.44%. Net margin FY2023 11.46%. Net margin FY2024 2.15%. Net margin FY2025 2.64%.

Income trends

Revenue

4.95B HKD-8.10%

Operating income

76.17M HKD-75.98%

Net income

130.57M HKD+12.89%
Income trends across reported periods5.92B HKD3.8B HKD1.67B HKD−455.2M HKDRevenue, FY2021: 2.05B HKDRevenue, FY2022: 4.43B HKDRevenue, FY2023: 2.94B HKDRevenue, FY2024: 5.39B HKDRevenue, FY2025: 4.95B HKDOperating income, FY2021: 2.4B HKDOperating income, FY2022: 1.8B HKDOperating income, FY2023: 622.88M HKDOperating income, FY2024: 317.07M HKDOperating income, FY2025: 76.17M HKDNet income, FY2021: 2.21B HKDNet income, FY2022: 1.21B HKDNet income, FY2023: 337.2M HKDNet income, FY2024: 115.66M HKDNet income, FY2025: 130.57M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.05B HKD. Revenue FY2022 4.43B HKD. Revenue FY2023 2.94B HKD. Revenue FY2024 5.39B HKD. Revenue FY2025 4.95B HKD. Operating income FY2021 2.4B HKD. Operating income FY2022 1.8B HKD. Operating income FY2023 622.88M HKD. Operating income FY2024 317.07M HKD. Operating income FY2025 76.17M HKD. Net income FY2021 2.21B HKD. Net income FY2022 1.21B HKD. Net income FY2023 337.2M HKD. Net income FY2024 115.66M HKD. Net income FY2025 130.57M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue4.95B HKD5.39B HKD2.94B HKD4.43B HKD2.05B HKD
Cost of goods sold2.28B HKD3.32B HKD1.2B HKD1.67B HKD555.87M HKD
Gross profit2.68B HKD2.07B HKD1.75B HKD2.76B HKD1.57B HKD
Selling, general, and administrative1.21B HKD1.12B HKD833.32M HKD802.55M HKD740.73M HKD
Operating expenses2.6B HKD1.75B HKD1.12B HKD1.15B HKD855.94M HKD
Interest expense138.67M HKD204.65M HKD178.74M HKD96.31M HKD41.83M HKD
Depreciation and amortization2.89M HKD18.04M HKD20.46M HKD21.46M HKD22.84M HKD
Operating income76.17M HKD317.07M HKD622.88M HKD1.8B HKD2.4B HKD
Net income130.57M HKD115.66M HKD337.2M HKD1.21B HKD2.21B HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates1.080.720.360Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q4 '25
Q4 2021, reported Dec 31, 2021: actual 1, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 17, 2022: actual 1, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 30, 2023: actual 0.903, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 18, 2023: actual 0.157, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 23, 2024: actual 0.13, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 24, 2024: actual 0.087, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 21, 2025: actual 0.002, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 31, 2025: actual 0.005, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates3.77B2.73B1.68B640.42MQ4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q4 '25
Q4 2021, reported Dec 31, 2021: actual 1.11B HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 17, 2022: actual 753.43M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 30, 2023: actual 3.55B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 18, 2023: actual 1.3B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 23, 2024: actual 1.75B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 24, 2024: actual 1.94B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 21, 2025: actual 3.45B HKD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 31, 2025: actual 2.76B HKD, estimate —, surprise —, Comparison unavailable.

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