Wharf (Holdings) Limited (WARFF) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Wharf (Holdings) Limited (WARFF) trades at $2.99 with AI Score 52/100 (Grade B). The Wharf (Holdings) Limited, founded in 1886, is a Hong Kong-based conglomerate with a focus on property development, investment properties, and… Market cap: $9.14B, Sector: Real estate.
Price as of Jul 12, 2026 · Last analyzed: Mar 17, 2026Analyst Coverage for WARFF: WARFF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates WARFF against Real Estate peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
WARFF: 1/3 scored disciplines lean bearish. Dominant signal: Seth Klarman bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Wharf (Holdings) Limited (WARFF) Real Estate Portfolio & Strategy
The Wharf (Holdings) Limited is a Hong Kong-based property and investment conglomerate with a diversified portfolio spanning property development, investment properties, hotels, and logistics. The company's focus on high-potential cities in Mainland China and its established presence in Hong Kong position it as a key player in the Asian real estate market.
What Is the Investment Thesis for WARFF?
The Wharf (Holdings) Limited presents a compelling investment case based on its diversified property portfolio, strategic focus on high-growth markets in Mainland China, and established presence in Hong Kong. The company's IFS developments in Mainland China are positioned to benefit from urbanization and increasing consumer spending. The company's established presence in Hong Kong provides a stable base of income and a platform for further growth. With a dividend yield of 1.67% and a beta of 0.07, WARFF offers a blend of income and relative stability. However, the company's high P/E ratio of 1144.2 and low profit margin of 0.5% warrant careful consideration.
Based on FMP financials and quantitative analysis
WARFF Key Highlights
- Market capitalization of $9.14B reflects its significant presence in the Asian real estate market.
- Gross margin of 76.6% indicates strong profitability in its core property development and investment businesses.
- Dividend yield of 1.67% provides a steady income stream for investors.
- Beta of 0.07 suggests low volatility compared to the broader market.
- Strategic focus on Tier 1 and Tier 2 cities in Mainland China positions the company to capitalize on urbanization trends.
Who Are WARFF's Competitors?
WARFF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CHVKF China Vanke Co., Ltd. | $0.34 | +0.00% | $5.68B | 38 |
| CLILF CapitaLand Investment Limited | $1.83 | +0.00% | $9.13B | 50 |
| DTCWY Deutsche Wohnen SE | $10.57 | +0.00% | $5.00B | 50 |
| DWHHF Deutsche Wohnen SE | $23.82 | +0.00% | $9.45B | 47 |
| HULCF Hulic Co., Ltd. | $9.17 | +0.00% | $6.96B | 57 |
| BEPI Brookfield BRP Holdings (Canada), Inc. | $15.72 | -0.38% | $10.1B | 50 |
| WARFY Wharf (Holdings) Limited | $4.69 | +9.07% | $7.17B | 49 |
| MGAWF Megaworld Corporation | $0.04 | +0.00% | $6.81B | 50 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are WARFF's Key Strengths?
- Prime property locations in Hong Kong and Mainland China.
- Strong brand reputation for its hotels and residential properties.
- Diversified business model with exposure to property, hotels, and logistics.
- Experienced management team with a proven track record.
What Are WARFF's Weaknesses?
- High P/E ratio.
- Low profit margin.
- Exposure to cyclicality of the real estate market.
- Reliance on the Hong Kong and Mainland China economies.
What Could Drive WARFF Stock Higher?
- Opening of Niccolo Suzhou hotel in 2021 will contribute to revenue growth in the hotel segment.
- Continued development and sales of residential properties in Hong Kong.
- Expansion of IFS developments in Mainland China.
- Growth in global trade volumes benefiting its terminal operations.
- Urbanization and economic growth in Mainland China driving demand for commercial and residential properties.
What Are the Key Risks for WARFF?
- Financial-distress signal — its Altman Z-Score of 1.15 sits in the distress zone (elevated bankruptcy risk).
- Rich valuation — a P/E of 1144.2 runs well above the Real Estate sector’s ~19x, leaving little room for a miss.
- Economic slowdown in Hong Kong and Mainland China could negatively impact property sales and rental income.
- Increased competition from other property developers and hotel operators could erode market share.
- Changes in government policies affecting the real estate market could impact profitability.
- Fluctuations in interest rates and currency exchange rates could increase borrowing costs and reduce earnings.
- The company's high P/E ratio suggests that the stock may be overvalued.
What Are the Growth Opportunities for WARFF?
- Expansion in Mainland China: Wharf's International Finance Square (IFS) developments in cities like Changsha, Chengdu, Chongqing, Suzhou, and Wuxi offer significant growth potential. As these cities continue to urbanize and their economies expand, demand for high-end retail and commercial space is expected to increase. The company's selective land acquisition policy in key Tier 1 and Tier 2 cities positions it to capitalize on this growth. Timeline: Ongoing.
- Hotel Portfolio Expansion: Wharf Hotels manages an expanding portfolio of 17 hotels in Asia, including the Niccolo and Marco Polo brands. The development of new hotels, such as Niccolo Suzhou (scheduled to open in 2021), will contribute to revenue growth. The company can leverage its expertise in hotel management and its established brand reputation to attract guests and increase occupancy rates. Timeline: Ongoing.
- Development of Hong Kong Properties: Wharf has a pipeline of development projects in Hong Kong, including the Kowloon Tong Residential Project and projects in Kowloon East. These projects will provide a source of revenue and profit growth in the coming years. The company's experience in developing luxury residential properties, such as those in the Peak Portfolio, gives it a competitive advantage. Timeline: Ongoing.
- Logistics Business: Wharf owns and operates Modern Terminals and Hong Kong Air Cargo Terminals, which are key components of Hong Kong's international trade and transportation infrastructure. As global trade volumes increase, these businesses are expected to generate stable revenue and profit. The company can invest in infrastructure upgrades and technology to improve efficiency and maintain its competitive position. Timeline: Ongoing.
- CME2 Investment: The Group's long-term investment in CME2, a progressive new economy infrastructure arena, represents a strategic initiative to reinvest capital and profit released from the CME1 exit in Hong Kong. CME2 covers much larger markets with greater growth potential. This investment diversifies the company's portfolio and provides exposure to new growth sectors. Timeline: Long-term.
What Opportunities Does WARFF Have?
- Further expansion in Mainland China's growing cities.
- Development of new hotels and residential properties.
- Investment in technology to improve efficiency in its logistics operations.
- Strategic acquisitions to expand its business portfolio.
What Threats Does WARFF Face?
- Economic slowdown in Hong Kong and Mainland China.
- Increased competition from other property developers and hotel operators.
- Changes in government policies affecting the real estate market.
- Fluctuations in interest rates and currency exchange rates.
What Are WARFF's Competitive Advantages?
- Prime Locations: Its properties are located in prime locations in Hong Kong and Mainland China, providing a competitive advantage.
- Strong Brand Reputation: Its Niccolo and Marco Polo hotels have a strong brand reputation, attracting a loyal customer base.
- Integrated Business Model: Its integrated business model, encompassing property development, investment, hotels, and logistics, provides diversification and synergies.
- Long History: The company has a long history and established presence in Hong Kong, giving it a deep understanding of the local market.
What Does WARFF Do?
Founded in 1886, The Wharf (Holdings) Limited is one of the oldest companies in Hong Kong, playing a significant role in the region's economic development. Originally focused on wharf operations, the company has evolved into a diversified conglomerate with a primary focus on property development and investment. Wharf's property portfolio includes luxury residential properties under the 'Peak Portfolio' brand in Hong Kong, as well as large-scale commercial developments under the 'International Finance Square (IFS)' brand in Mainland China. These IFS developments are located in key cities such as Changsha, Chengdu, Chongqing, Suzhou, and Wuxi, and are designed to be trendsetting landmarks. In addition to property, Wharf operates a hotel business under the Wharf Hotels brand, managing both Niccolo and Marco Polo hotels across Asia. The company also maintains a presence in the logistics sector through its ownership and operation of Modern Terminals and Hong Kong Air Cargo Terminals. Wharf's strategic focus is on developing high-quality properties in prime locations, particularly in Tier 1 and Tier 2 cities in Mainland China. As of June 2019, the company's development property landbank totaled 3.6 million square meters. The company is committed to 'Building for Tomorrow', which extends to its 'Business-in-Community' initiatives, including Project Wecan.
What Products and Services Does WARFF Offer?
- Develops and manages investment properties in Hong Kong and Mainland China.
- Operates a portfolio of luxury hotels under the Niccolo and Marco Polo brands.
- Develops high-end residential properties in Hong Kong.
- Owns and operates Modern Terminals, a major container terminal operator.
- Owns and operates Hong Kong Air Cargo Terminals, a key air cargo hub.
- Invests in CME2, a new economy infrastructure arena.
How Does WARFF Make Money?
- Generates revenue from property sales and leasing.
- Earns income from hotel operations, including room rentals, food and beverage sales, and other services.
- Collects fees from terminal operations and cargo handling.
- Receives investment income from CME2.
What Industry Does WARFF Operate In?
The Wharf (Holdings) Limited operates in the competitive real estate development industry, which is influenced by macroeconomic factors, government policies, and demographic trends. The industry is characterized by high capital requirements, long development cycles, and cyclical demand. Wharf competes with other major property developers in Hong Kong and Mainland China, including CHVKF (Cheung Kong Property Holdings), CLILF (China Overseas Land & Investment), DTCWY (Daiwa House Industry), DWHHF (Great Eagle Holdings), and HULCF (Henderson Land Development). The company's focus on high-end properties and strategic locations differentiates it from some of its competitors.
Who Are WARFF's Key Customers?
- Retail tenants in its IFS developments.
- Hotel guests at its Niccolo and Marco Polo hotels.
- Homebuyers of its luxury residential properties.
- Shipping companies using its terminal facilities.
- Airlines using its air cargo terminals.
Company Profile
Wharf (Holdings) Limited operates in the Real Estate - Development industry within the Real Estate sector. It is headquartered in Kowloon, HK. The company is led by CEO Tin Hoi Ng. WARFF has traded publicly since 2009.
F-Score 4/9Financial Health
Wharf (Holdings) Limited's Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.15 places it in the distress zone, a signal of elevated financial risk.
ROE 0%Key Financial Metrics
Return on equity for Wharf (Holdings) Limited stands at 0.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.0%, showing how much profit it generates from its asset base. Its free cash flow yield is 7.1%, a gauge of the cash the business throws off relative to its market value. A current ratio of 8.80 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 0.1%, the inverse of the P/E and a quick read on earnings relative to price.
WARFF Valuation & Market Position
With a $9.14B market cap, Wharf (Holdings) Limited sits in the mid-cap segment of the market. Relative to its peer group, WARFF's quantitative score of 52/100 is roughly in line with the peer average of 48/100.
FY2026 estForward Outlook
Wall Street analysts project Wharf (Holdings) Limited revenue of about $14.94B for fiscal 2026, with EPS near $1.54. The estimate reflects 6 contributing analysts.
WARFF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Prime property locations in Hong Kong and Mainland China.
- Strong brand reputation for its hotels and residential properties.
- Diversified business model with exposure to property, hotels, and logistics.
- Experienced management team with a proven track record.
Bear Case
- High P/E ratio.
- Low profit margin.
- Exposure to cyclicality of the real estate market.
- Reliance on the Hong Kong and Mainland China economies.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
WARFF Latest News
No recent news available for WARFF.
WARFF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for WARFF.
Price Targets
Wall Street price target analysis for WARFF.
WARFF MoonshotScore
What does this score mean?
The MoonshotScore rates WARFF 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Tin Hoi Ng
Managing Director
Tin Hoi Ng serves as the Managing Director of The Wharf (Holdings) Limited. Information regarding his detailed career history, education, and previous roles is not available in the provided data. However, as Managing Director, he is responsible for overseeing the company's overall strategy and operations.
Track Record: As Managing Director, Tin Hoi Ng is responsible for leading the company's strategic initiatives and overseeing its operations across various business segments. Specific achievements and milestones under his leadership are not detailed in the provided data.
WARFF OTC Market Information
The 'OTC Other' tier represents the lowest tier of the OTC market, indicating that The Wharf (Holdings) Limited may not meet the listing requirements of higher tiers like OTCQX or OTCQB, which demand stricter financial reporting and corporate governance standards. Companies in this tier often have limited information available to investors and may not be subject to the same level of regulatory oversight as companies listed on major exchanges like the NYSE or NASDAQ.
- OTC Tier: OTC Other
- Limited Information: OTC-listed companies may have less stringent disclosure requirements, making it difficult to assess their financial health and prospects.
- Lower Liquidity: Trading volume may be thin, leading to wider bid-ask spreads and potential difficulty in buying or selling shares.
- Regulatory Oversight: OTC-listed companies are subject to less regulatory oversight than companies listed on major exchanges.
- Price Volatility: The lack of liquidity and information can lead to greater price volatility.
- Potential for Fraud: The OTC market has a higher risk of fraud and manipulation compared to major exchanges.
- Verify the company's registration and legal status.
- Review available financial statements and disclosures.
- Assess the company's business model and competitive landscape.
- Research the company's management team and their track record.
- Understand the risks associated with investing in OTC-listed companies.
- Consult with a financial advisor.
- Check for any regulatory actions or investigations involving the company.
- Long Operating History: The Wharf (Holdings) Limited has been in operation since 1886, suggesting a degree of stability and legitimacy.
- Established Business: The company has a diversified portfolio of properties, hotels, and logistics businesses.
- Presence in Hang Seng Index: The company was one of the original constituents of the Hang Seng Index, indicating its significance in the Hong Kong market.
- Active Trading: The company is actively traded and widely held.
WARFF Real Estate Stock FAQ
What does the AI Score mean for WARFF?
WARFF holds an AI Score of 52/100 (Grade: B). This is an educational research signal, not a buy or sell recommendation. The Wharf (Holdings) Limited, founded in 1886, is a Hong Kong-based conglomerate with a focus on property development, investment properties, and hotels in Hong Kong and Mainland China. The company …
What does Wharf (Holdings) Limited do?
The Wharf (Holdings) Limited is a diversified conglomerate primarily focused on property development and investment in Hong Kong and Mainland China. Its core businesses include developing and managing investment properties like the International Finance Square (IFS) series, operating luxury hotels under the Niccolo and Marco Polo brands, and developing high-end residential properties.
What are the main risks for WARFF?
The main risks for The Wharf (Holdings) Limited include economic slowdowns in Hong Kong and Mainland China, which could negatively impact property sales and rental income. Increased competition from other property developers and hotel operators could erode market share. Changes in government policies affecting the real estate market could impact profitability.
What are the key factors to evaluate for WARFF?
Wharf (Holdings) Limited (WARFF) holds an AI score of 52/100 (moderate). P/E: 1144.2x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does WARFF data refresh on this page?
WARFF's price was last updated on Jul 12, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven WARFF's recent stock price performance?
Wharf (Holdings) Limited (WARFF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Prime property locations in Hong Kong and Mainland China. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider WARFF overvalued or undervalued right now?
Wharf (Holdings) Limited (WARFF) trades at 1144.2x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research WARFF before investing?
Before investing in Wharf (Holdings) Limited (WARFF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding WARFF to a portfolio?
Key strength of Wharf (Holdings) Limited (WARFF): Prime property locations in Hong Kong and Mainland China. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data as of 2026-03-17.
- AI analysis is pending and may provide further insights.
- OTC market investments carry additional risks.