Wharf (Holdings) Limited (WARFY) Stock Analysis
Market cap $7.72B is the value of all shares combined. Beta 0.07: the stock has moved about 93% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 18, 2026. Editorial oversight is systemic, not page-by-page. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Wharf (Holdings) Limited (WARFY) trades at $5.05 with AI Score 49/100 (Grade C). Wharf (Holdings) Limited, based in Hong Kong, is a diversified company with a long history dating back to 1886. Market cap: $7.72B, Sector: Real estate.
Price as of Aug 27, 2026 · Last analyzed: Mar 18, 2026Analyst Coverage for WARFY: WARFY 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 WARFY against Real Estate peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
WARFY: the 3 scored disciplines are evenly split. Dominant signal: Ray Dalio 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 (WARFY) Real Estate Portfolio & Strategy
Wharf (Holdings) Limited, a Hong Kong-based blue-chip company since 1886, focuses on property development and investment, hotels, and logistics. With a strong presence in Hong Kong and Mainland China, Wharf leverages its established brand and strategic land acquisitions to maintain a competitive edge in the real estate sector.
What Is the Investment Thesis for WARFY?
Wharf (Holdings) Limited presents a compelling investment case based on its established presence in the Hong Kong and Mainland China property markets. The company's focus on high-end retail and residential developments, particularly the IFS series and Peak Portfolio, positions it to benefit from continued urbanization and wealth creation in the region. Key value drivers include rental income from investment properties, sales of development properties, and the performance of its hotels and logistics businesses. Upcoming catalysts include the opening of Niccolo Suzhou in 2021. Potential risks include economic slowdowns in Hong Kong and Mainland China, fluctuations in property prices, and increased competition.
Based on FMP financials and quantitative analysis
WARFY Key Highlights
Market Cap of $7.72B reflects Wharf's significant presence in the Hong Kong and Mainland China real estate markets.
- Gross Margin of 76.6% indicates strong profitability in its core property development and investment segments.
- Dividend Yield of 1.68% provides a steady income stream for investors.
- Beta of 0.07 suggests low volatility compared to the overall market.
- The company's development property landbank totalled 3.6 million square metres as of June 2019.
Who Are WARFY's Competitors?
WARFY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CPNNF Central Pattana Public Company Limited | $1.56 | 0.00% | $7.00B | 489-signal |
| CWQXY Castellum AB (publ) | $28.02 | 0.00% | $6.35B | 499-signal |
| DTCWY Deutsche Wohnen SE | $10.21 | 0.00% | $4.05B | 509-signal |
| HULCF Hulic Co., Ltd. | $9.17 | 0.00% | $6.96B | 579-signal |
| MGAWF Megaworld Corporation | $0.04 | 0.00% | $6.81B | 509-signal |
| UOLGY UOL Group Limited | $29.44 | -2.74% | $6.23B | 499-signal |
| CDEVF City Developments Limited | $6.75 | +4.01% | $6.03B | 529-signal |
| BEPI Brookfield BRP Holdings (Canada), Inc. | $16.05 | -0.74% | $10.0B | 509-signal |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are WARFY's Key Strengths?
Strong brand recognition in Hong Kong and Mainland China.
- Prime locations of investment properties and development projects.
- Diversified business portfolio across property, hotels, and logistics.
- Proven track record in management and execution.
What Are WARFY's Weaknesses?
High reliance on the Hong Kong and Mainland China property markets.
- Exposure to economic fluctuations in the region.
- Relatively high P/E ratio compared to peers.
- Low profit margin of 0.5%.
What Could Drive WARFY Stock Higher?
WARFY catalyst: Opening of Niccolo Suzhou hotel in 2021, expanding the company's presence in the high-end hospitality market.
- Continued development and sales of luxury residential properties under The Peak Portfolio in Hong Kong.
- Expansion of the International Finance Square (IFS) series in high-potential cities in Mainland China.
- Strategic land acquisitions in key cities to secure high-quality land bank with returns.
What Are the Key Risks for WARFY?
Financial-distress signal — its Altman Z-Score of 0.96 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-0.3%) — the business is not currently generating profit on shareholder capital.
- Economic slowdowns in Hong Kong and Mainland China could negatively impact property demand and prices.
- Fluctuations in property prices could affect the value of the company's investment properties and development projects.
- Increased competition from other developers could erode market share and profitability.
- Regulatory changes in the property market could impact the company's operations and profitability.
- Currency fluctuations between the US dollar and the Hong Kong dollar could affect the value of the ADR for US investors.
What Are the Growth Opportunities for WARFY?
- Expansion of IFS Series in Mainland China: Wharf has the opportunity to expand its International Finance Square (IFS) series in high-potential cities in Mainland China. These developments are positioned as trendsetting landmarks with unrivalled locations and superior planning. The success of existing IFS projects in Changsha, Chengdu, and Chongqing demonstrates the potential for further expansion. This strategy allows Wharf to capitalize on the growing demand for high-end retail and commercial space in China's rapidly developing urban centers.
- Development of The Peak Portfolio in Hong Kong: Wharf can continue to develop luxury residential properties under The Peak Portfolio in Hong Kong. These properties are located at the most sought-after addresses in town and epitomize a unique and exclusive lifestyle. The success of Mount Nicholson demonstrates the potential for further development in this segment. This strategy allows Wharf to capitalize on the strong demand for luxury residential properties in Hong Kong.
- Growth of Hotel Business Under Niccolo Brand: Wharf can expand its hotel business under the Niccolo brand in Asia. The Niccolo hotels are contemporary, urban, and chic, and cater to discerning travelers. The opening of Niccolo Suzhou in 2021 represents a key milestone in this expansion. This strategy allows Wharf to capitalize on the growing demand for high-end hotel accommodations in Asia.
- Strategic Land Acquisitions in Key Cities: Wharf can continue to adopt a selective land acquisition policy with a strategic focus on key Tier 1 or 2 cities in order to secure high-quality land bank with returns. This strategy allows Wharf to ensure a steady pipeline of development projects and capitalize on the long-term growth potential of these cities. The company's development property landbank totalled 3.6 million square metres as of June 2019.
- Investment in New Economy Infrastructure Through CME2: Wharf's long-term investment in CME2 represents a strategic initiative of reinvesting capital and profit released from the CME1 exit in Hong Kong in a progressive new economy infrastructure arena that covers much larger markets with greater growth potential. This strategy allows Wharf to diversify its investments and capitalize on the growth potential of new economy sectors.
What Are WARFY's Competitive Advantages?
- Established brand and reputation in Hong Kong and Mainland China.
- Prime locations of IFS developments and The Peak Portfolio.
- High-quality developments and management.
- Strategic land acquisitions in key cities.
- Diversified business portfolio.
What Does WARFY Do?
Founded in 1886, The Wharf (Holdings) Limited is one of Hong Kong's oldest and most established companies. Initially focused on wharf operations, the company has evolved into a diversified conglomerate with a primary focus on property development and investment. Wharf's portfolio includes investment properties such as the International Finance Square (IFS) series in Mainland China, hotels managed under the Niccolo and Marco Polo brands, and development properties in Hong Kong and Mainland China. The company's IFS developments are positioned as high-end retail and commercial landmarks in key cities like Changsha, Chengdu, and Chongqing. In Hong Kong, Wharf develops luxury residential properties under The Peak Portfolio, including Mount Nicholson. Beyond property, Wharf also has interests in logistics through Modern Terminals and Hong Kong Air Cargo Terminals. The company's long-term investment in CME2 represents a strategic initiative in new economy infrastructure. Wharf is committed to corporate social responsibility through its 'Business-in-Community' initiatives, including 'Project Wecan'.
What Products and Services Does WARFY Offer?
- Develop and manage high-end retail and commercial properties under the International Finance Square (IFS) series in Mainland China.
- Develop luxury residential properties under The Peak Portfolio in Hong Kong.
- Manage hotels under the Niccolo and Marco Polo brands in Asia.
- Operate logistics businesses through Modern Terminals and Hong Kong Air Cargo Terminals.
- Invest in new economy infrastructure through CME2.
- Engage in corporate social responsibility initiatives through 'Project Wecan'.
How Does WARFY Make Money?
- Generating revenue through rental income from investment properties.
- Generating revenue through sales of development properties.
- Generating revenue from hotel operations.
- Generating revenue from logistics businesses.
- Generating returns from strategic investments.
What Industry Does WARFY Operate In?
Wharf (Holdings) Limited operates in the competitive real estate development industry in Hong Kong and Mainland China. The industry is characterized by high barriers to entry, driven by land scarcity, regulatory requirements, and capital intensity. Market trends include increasing urbanization, rising property prices in major cities, and growing demand for high-end retail and residential properties. Wharf competes with other major developers such as CPNNF, CWQXY, DTCWY, DWHHF, and HULCF, leveraging its established brand, prime locations, and high-quality developments to maintain a competitive edge.
Who Are WARFY's Key Customers?
- Retail tenants in IFS developments.
- Residential property buyers in The Peak Portfolio.
- Hotel guests at Niccolo and Marco Polo hotels.
- Shipping companies and cargo operators using Modern Terminals and Hong Kong Air Cargo Terminals.
- Investors in CME2.
Research confidence
Enough evidence to be useful, with gaps worth knowing about.
- ● Scoring coverage unknown
- ● Price is current
- ● Latest filing 58 days ago
- ● No analyst coverage
- ● Reported in HKD, converted to USD
Why 49?
This rating comes from our nine-signal model, which produces a score but not a per-factor breakdown. The sector-relative five-pillar model, which explains its own contributions, does not cover this listing yet. How the score is built →
MoonshotScore History
Recorded daily since 2026-08-23 · 4 snapshots
| 2026-08-23 | 49 |
| 2026-08-24 | 49 |
| 2026-08-25 | 49 |
| 2026-08-26 | 49 |
What changed?
The score has stayed at 49.
Over the same 3 days the stock moved +0.4%.
Wharf (Holdings) Limited Financial Trajectory
Wharf (Holdings) Limited (WARFY) reported $683.4M in revenue for Q2 FY2026, reflecting 0.8% growth compared to the prior quarter. The company recorded net income of $6.1M, with diluted EPS of $0.00. Quarter-over-quarter revenue has been mixed, typical for a mid-cap company operating in Real Estate. Across the four most recent quarters, WARFY averaged $-0.01 in diluted EPS.
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. WARFY has traded publicly since 2010.
How Wharf (Holdings) Limited Is Valued
Wharf (Holdings) Limited carries a market capitalization of $7.72B, placing it in the mid-cap category. Relative to its peer group, WARFY's quantitative score of 49/100 is roughly in line with the peer average of 51/100.
Key Financial Metrics
Return on equity for Wharf (Holdings) Limited stands at -0.3%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -0.2%, showing how much profit it generates from its asset base. Its free cash flow yield is 3.4%, a gauge of the cash the business throws off relative to its market value. A current ratio of 10.40 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -0.7%, the inverse of the P/E and a quick read on earnings relative to price.
Financial 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 0.96 places it in the distress zone, a signal of elevated financial risk.
WARFY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Strong brand recognition in Hong Kong and Mainland China.
- Prime locations of investment properties and development projects.
- Diversified business portfolio across property, hotels, and logistics.
- Proven track record in management and execution.
Bear Case
- High reliance on the Hong Kong and Mainland China property markets.
- Exposure to economic fluctuations in the region.
- Relatively high P/E ratio compared to peers.
- Low profit margin of 0.5%.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 FY2026 | $683M | $6M | $0.0040 |
| Q4 FY2025 | $678M | -$62M | -$0.04 |
| Q2 FY2025 | $723M | $68M | $0.05 |
| Q4 FY2024 | $648M | -$75M | -$0.05 |
Q2 FY2026 · filed 30 Jun 2026 · Financial Modeling Prep
Based on FMP financials and quantitative analysis · Converted to USD from HKD at today's rate
WARFY Latest News
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New 52-Week Lows For Monday Morning
· Aug 5, 2019
WARFY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for WARFY.
Price Targets
Wall Street price target analysis for WARFY.
WARFY MoonshotScore
What does this score mean?
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. WARFY scores 49/100 (Grade C): the number comes from the legacy nine-factor engine (quantitative signals from revenue growth to news sentiment), written once, not refreshed.
Leadership: Tin Hoi Ng
Managing Director
Tin Hoi Ng serves as the Managing Director of The Wharf (Holdings) Limited, overseeing the company's diverse operations and strategic initiatives. His career history includes extensive experience in property development, investment, and management. He is responsible for leading the company's growth and expansion in Hong Kong and Mainland China. He manages approximately 6400 employees.
Track Record: Under Tin Hoi Ng's leadership, Wharf (Holdings) Limited has continued to expand its IFS series in Mainland China and develop luxury residential properties in Hong Kong. He has overseen the opening of new Niccolo hotels and the strategic acquisition of land in key cities. He also focused on the company's 'Business-in-Community' initiatives.
Wharf (Holdings) Limited ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company trading on U.S. stock exchanges. WARFY is a Level 1 ADR, meaning it trades over-the-counter (OTC) and has less stringent regulatory requirements than listed ADRs. It allows US investors to invest in Wharf (Holdings) Limited without directly dealing with foreign exchanges.
- Home Market Ticker: Hong Kong Stock Exchange (WARF)
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: WARF
WARFY OTC Market Information
The OTC Other tier represents the lowest tier of the over-the-counter (OTC) market. Companies in this tier often have limited financial disclosure, may not meet minimum listing standards, and may be subject to higher risks compared to companies listed on major exchanges like the NYSE or NASDAQ. Investing in OTC Other stocks requires extra caution and thorough due diligence.
- OTC Tier: OTC Other
- Limited financial disclosure.
- Low trading volume and liquidity.
- Wide bid-ask spreads.
- Potential for price volatility.
- Higher risk of fraud or manipulation.
- Verify the company's registration and legal status.
- Review available financial statements and reports.
- Assess the company's business model and competitive position.
- Evaluate the management team and their track record.
- Understand the risks associated with investing in OTC stocks.
- Monitor trading volume and price movements.
- Consult with a financial advisor.
- Established history dating back to 1886.
- Presence in the Hong Kong and Mainland China property markets.
- Diversified business portfolio across property, hotels, and logistics.
- Inclusion as a constituent stock in the original Hang Seng Index.
Wharf (Holdings) Limited Real Estate Stock: Key Questions Answered
What does the AI Score mean for WARFY?
WARFY holds an AI Score of 49/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. The number comes from the legacy nine-factor engine (quantitative signals from revenue growth to news sentiment), written once, not refreshed. Wharf (Holdings) Limited, based in Hong Kong, is a diversified company with a long history dating back to 1886.
How does Wharf (Holdings) Limited compare to competitors in its industry?
Wharf (Holdings) Limited competes with other major property developers in Hong Kong and Mainland China, such as CPNNF, CWQXY, DTCWY, DWHHF, and HULCF.
What are the key factors to evaluate for WARFY?
Wharf (Holdings) Limited (WARFY) holds an AI score of 49/100 (low). P/E: 1106.3x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does WARFY data refresh on this page?
WARFY's price was last updated on Aug 27, 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 WARFY's recent stock price performance?
Wharf (Holdings) Limited (WARFY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong brand recognition in Hong Kong and Mainland China. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider WARFY overvalued or undervalued right now?
Wharf (Holdings) Limited (WARFY) trades at 1106.3x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research WARFY before investing?
Before investing in Wharf (Holdings) Limited (WARFY), 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 WARFY to a portfolio?
Key strength of Wharf (Holdings) Limited (WARFY): Strong brand recognition in Hong Kong and Mainland China. Weigh rewards against risks and diversify. Not financial advice.
Can I buy fractional shares of WARFY?
Yes, most major brokerages offer fractional shares of Wharf (Holdings) Limited (WARFY) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
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.
- Financial data is based on the most recent available information.
- OTC market data may be limited or incomplete.