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Employees: 1,100
Size Harbour Centre Development (0051.HK) is a Hong Kong Consumer Discretionary company (Hotels/Resorts/Cruise lines) with a market value of $557M, the 731st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$6.16 on 6 Nov 2026.
Performance Over six months the shares gained 37.5%, against -6.0% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — highest of 19 in its peer set.
Growth Revenue grew 0.8% over the last twelve months (peer median +6.7%); the operating margin is 20.3% (peer median 14.8%).
Valuation It trades at 2.8× enterprise value to sales against a peer median of 3.2× (10th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is -16%, so the hurdle is +13 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.6 points below its cost of capital (5.2% WACC).
Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$1.40B | HK$1.34B | HK$1.35B | HK$1.58B | HK$1.14B |
| Revenue growth | — | -1% | -14% | +39% | — |
| Gross profit | HK$536M | HK$480M | HK$606M | HK$633M | HK$261M |
| EBITDA | HK$478M | HK$426M | HK$582M | HK$615M | HK$249M |
| Net income | -HK$117M | -HK$234M | -HK$70.0M | -HK$107M | -HK$197M |
| Free cash flow | HK$375M | HK$326M | HK$212M | HK$253M | -HK$153M |
| Capital expenditure | HK$20.0M | HK$18.0M | HK$12.0M | HK$25.0M | HK$6.00M |
| Total debt | n/a | HK$442M | HK$365M | HK$526M | HK$1.10B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 0051.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +18.6% | -4.6% | highest of 21 |
| 6-month return | +37.5% | -6.0% | highest of 19 |
| Distance from 52-week high | -1.6% | -25.3% | highest of 21 |
| Revenue growth (TTM) | +0.8% | +6.7% | 8th lowest of 21 |
| Operating margin | 20.3% | 14.8% | 8th highest of 21 |
| EV / Sales | 2.8× | 3.2× | 10th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -3.9% | 3.3% | 6th least demanding of 14 |
| Growth delivered (Del g) | -16.5% | +20.6% | lowest of 14 |
| Hurdle (Req g minus delivered) | +12.6 pp | -17.1 pp | 2nd most demanding of 14 |
| ROIC minus cost of capital | -3.6 pp | -2.2 pp | 6th lowest of 21 |
| EV / EBITDA | 8.2× | 10.8× | 7th cheapest of 18 |
| Net debt / EBITDA | -1.1× | 1.7× | 7th least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Harbour Centre Development 0051.HK | Hong Kong | $557M | +38% | +1% | 20% | 2.8× | -3.9% | -16.5% |
| Huatian Hotel 000428.SZ | China | $552M | -6% | -6% | -35% | 10.3× | n/a | n/a |
| India Tourism Development ITDC.NS | India | $572M | +6% | -9% | 16% | 10.1× | 58.7% | +24.6% |
| Stamford Land H07.SI | Singapore | $530M | -6% | 0% | 20% | 1.3× | -16.2% | +5.5% |
| Lotte Tour Development 032350.KS | South Korea | $591M | -51% | +39% | 24% | 2.7× | -6.4% | +108.0% |
| Elevate Campuses ELEVATE.NS | India | $498M | n/a | +54% | 63% | 8.3× | n/a | n/a |
| Juniper Hotels JUNIPER.NS | India | $490M | -2% | +12% | 30% | 4.3× | 14.1% | +44.5% |
| Societe Fermiere du Casino Municipal de Cannes FCMC.PA | France | $489M | +8% | +11% | 26% | 2.4× | -6.7% | +24.0% |
| Shenzhen Quanxinhao 000007.SZ | China | $482M | -40% | -3% | 1% | 7.7× | 34.9% | +54.5% |
| Ambassador Hotel,Ltd 2704.TW | Taiwan | $479M | +3% | +3% | -2% | n/a | n/a | n/a |
| SSAW Hotels & Resorts 301073.SZ | China | $474M | -34% | +1% | 12% | 6.1× | 19.2% | +21.4% |
| Imperial Hotel 9708.T | Japan | $666M | -26% | +10% | 3% | 1.5× | n/a | n/a |
| Formosa International Hotels 2707.TW | Taiwan | $668M | +2% | +6% | 26% | 3.2× | -7.7% | +4.7% |
| Waterways Leisure Tourism CORDELIA.NS | India | $677M | n/a | -2% | 14% | 11.4× | n/a | n/a |
| Hotel Grand Central H18.SI | Singapore | $403M | -5% | +7% | 12% | 1.6× | -4.6% | +9.4% |
| Samhi Hotels SAMHI.NS | India | $397M | +6% | +12% | 24% | 4.3× | n/a | n/a |
| Kelsian KLS.AX | Australia | $797M | +5% | +9% | 6% | 0.8× | 9.2% | +15.4% |
| Jinling Hotel 601007.SS | China | $385M | -14% | -2% | 7% | 1.7× | 3.3% | +10.0% |
| Centurion OU8.SI | Singapore | $810M | -18% | +26% | 61% | 8.8× | -3.8% | +18.2% |
| Viking Line Abp VIK1V.HE | Finland | $374M | -6% | +1% | 4% | 0.8× | 3.4% | +20.6% |
| GS P&L 499790.KS | South Korea | $372M | -54% | +1,157% | 19% | 2.6× | n/a | n/a |