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Owner and operator of the Shangri-La luxury hotel brand across Asia and internationally.
Owner and operator of the Shangri-La luxury hotel brand across Asia and internationally.
Earns room, restaurant and event revenue at hotels it owns, plus management fees on hotels owned by others. Mainland China and Hong Kong hold most of the portfolio. The Kuok family, through its Kerry group, is the controlling shareholder.
In one line: Asia's Four Seasons/Ritz-Carlton.
Moat: narrow (brand, scale). Well-established luxury hospitality brand across Asia, though hotel ownership carries high fixed costs and cyclicality.
Headquarters: Hong Kong · Founded: 1971 · Employees: 24,800
Size Shangri-La Asia (0069.HK) is a Hong Kong Consumer Discretionary company (Hotels/Resorts/Cruise lines) with a market value of $1.87B, the 434th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$4.09 on 6 Nov 2026.
Performance Over six months the shares fell 9.1%, against -3.6% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 5.3% over the last twelve months (peer median +6.5%); the operating margin is 34.9% (peer median 13.3%).
Valuation It trades at 10.6× forward earnings against a peer median of 17.1× (4th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -26 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.8 points above its cost of capital (5.2% WACC).
Next results Next results expected around 19 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$18.0B | HK$17.4B | HK$17.1B | HK$16.8B | HK$11.4B |
| Revenue growth | — | +2% | +2% | +46% | — |
| Gross profit | HK$9.39B | HK$8.22B | HK$7.85B | HK$7.45B | HK$3.62B |
| EBITDA | HK$8.19B | HK$7.05B | HK$6.96B | HK$7.02B | HK$3.76B |
| Net income | HK$1.12B | HK$875M | HK$1.26B | HK$1.44B | -HK$1.24B |
| Free cash flow | HK$3.41B | HK$2.75B | HK$1.98B | HK$2.21B | -HK$168M |
| Capital expenditure | HK$489M | HK$520M | HK$867M | HK$685M | HK$622M |
| Total debt | n/a | HK$59.4B | HK$53.8B | HK$49.0B | HK$48.2B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shangri-La Asia 0069.HK | $1.87B | -9% | +5% | 35% | 10.6× | -8.7% |
| Marriott International MAR | $107B | +18% | +6% | 16% | 32.1× | 17.9% |
| Hyatt Hotels H | $17.2B | +10% | +3% | 9% | 42.4× | 27.9% |
| Hongkong & Shanghai Hotels 0045.HK | $1.11B | -12% | -4% | 13% | n/a | 4.0% |
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 | 0069.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.6% | +5.4% | 9th highest of 21 |
| 6-month return | -9.1% | -3.6% | 9th lowest of 21 |
| Distance from 52-week high | -24.1% | -16.7% | 8th lowest of 21 |
| Revenue growth (TTM) | +5.3% | +6.5% | 10th lowest of 21 |
| Operating margin | 34.9% | 13.3% | 4th highest of 21 |
| Forward P/E | 10.6× | 17.1× | 4th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -8.7% | 3.6% | 3rd least demanding of 19 |
| Growth delivered (Del g) | +16.8% | +21.2% | 8th lowest of 19 |
| Hurdle (Req g minus delivered) | -25.5 pp | -19.3 pp | 4th least demanding of 19 |
| ROIC minus cost of capital | +0.8 pp | -0.7 pp | 10th highest of 21 |
| EV / EBITDA | 7.2× | 13.5× | 3rd cheapest of 20 |
| Net debt / EBITDA | 5.1× | 2.5× | 6th most indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shangri-La Asia 0069.HK | Hong Kong | $1.87B | -9% | +5% | 35% | 10.6× | -8.7% | +16.8% |
| Chalet Hotels CHALET.NS | India | $1.88B | +2% | -17% | 34% | 28.1× | 24.1% | +57.5% |
| Monarch Casino & Resort MCRI | United States | $1.92B | -8% | +5% | 27% | 15.6× | 6.7% | +24.2% |
| Melco Resorts & Entertainment Ltd. Sponsored ADR MLCO | United States | $1.79B | -16% | +6% | 12% | 7.5× | -6.2% | +24.5% |
| Kyoritsu Maintenance 9616.T | Japan | $2.00B | +47% | +20% | 9% | 16.7× | 2.3% | +17.8% |
| EIH EIHOTEL.NS | India | $2.07B | -7% | +8% | 29% | 23.2× | 28.9% | +42.9% |
| Hotel Properties H15.SI | Singapore | $2.07B | +11% | +2% | 7% | n/a | n/a | n/a |
| Hbx Group International HBX.MC | Spain | $2.19B | +29% | +4% | 38% | 9.6× | -4.2% | +18.4% |
| SkiStar SKIS-B.ST | Sweden | $1.58B | +27% | +7% | 17% | 21.3× | 8.4% | +12.5% |
| Lindblad Expeditions LIND | United States | $2.23B | +61% | +17% | 8% | 89.0× | 33.0% | +56.4% |
| BTG Hotels (Group) Co Ltd Shs -A- 600258.SS | China | $2.25B | -14% | -3% | 18% | 17.0× | -11.1% | +7.6% |
| Scandic Hotels SHOT.ST | Sweden | $2.29B | +16% | +3% | 13% | 17.2× | 3.2% | +24.4% |
| Resorttrust 4681.T | Japan | $2.36B | -1% | +8% | 12% | 16.4× | -6.4% | +9.4% |
| Leela Palaces Hotels & Resorts THELEELA.NS | India | $2.45B | +65% | +17% | 42% | 43.7× | n/a | n/a |
| Great Eagle 0041.HK | Hong Kong | $1.37B | -24% | +75% | 12% | n/a | -0.9% | +13.8% |
| Ventive Hospitality VENTIVE.NS | India | $1.34B | -17% | +15% | 29% | 26.2× | 29.9% | +78.5% |
| Melia Hotels International MEL.MC | Spain | $2.67B | -10% | +5% | 13% | 15.2× | 7.3% | +31.5% |
| NagaCorp 3918.HK | Hong Kong | $1.21B | -48% | +12% | 58% | 4.7× | -19.3% | -4.1% |
| Guoco 0053.HK | Hong Kong | $2.90B | 0% | -11% | 13% | n/a | -3.9% | +16.0% |
| Target Hospitality TH | United States | $1.13B | -26% | +12% | -9% | 22.9× | 49.9% | +7.3% |
| Hongkong & Shanghai Hotels 0045.HK | Hong Kong | $1.11B | -12% | -4% | 13% | n/a | 4.0% | +24.1% |