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STOCK COMPARISON

Sun Hung Kai Properties vs Develia S.A: Fair Value & Quality

Both stocks run through our valuation models. Here is how Sun Hung Kai Properties (0016) and Develia S.A (DVL) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Sun Hung Kai Properties as the more attractively valued of the two: Sun Hung Kai Properties trades at HK$109 versus a fair value of HK$148 (+35%), while Develia S.A trades at PLN 9.80 versus PLN 8.12 (-17%).
Sun Hung Kai Properties
0016.HK · HKD · Real Estate
+35%
upside to fair value
undervalued
PriceHK$109
Fair ValueHK$148
Quality69/100
Develia S.A
DVL.WAR · PLN · Real Estate
-17%
upside to fair value
overvalued
PricePLN 9.80
Fair ValuePLN 8.12
Quality59/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Sun Hung Kai PropertiesDevelia S.A
Valuation
14.8×P/E (TTM)9.5×
3.42×P/S (TTM)0.48×
0.51×P/B0.67×
13.4×EV/EBITDA2.2×
0.91×PEG6.43×
+35.5%Fair value upside−17.1%
3.5%Dividend yield5.4%
HK$3.78Dividend per sharen/a
Profitability
24%Operating margin25%
0.77×EBIT margin trend (5Y)0.92×
4%Return on equity28%
2%Return on assets9%
Growth
32%Revenue growth (YoY)234%
0.8%Avg. growth/yr (3Y)24.9%
-0.9%Avg. growth/yr (5Y)32.1%
−2.8%Value creation/yr+33.8%
Balance & size
66.9×Interest coverage (EBIT/interest)31.7×
0.16×Debt / equity0.44×
$40BMarket cap$1B
weakGrowth qualitymixed

Develia S.A leads: 5 to 11 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Sun Hung Kai Propertiesof which business quality 67 · market factors 51 Develia S.Aof which business quality 57 · market factors 66
ProfitabilityMargins and returns on capital today
32
55
Quality GrowthAre margins and returns improving?
38
57
CashflowEarnings quality: real cash, not paper profit
99
46
Fin. StrengthBalance sheet, leverage, solvency risk
64
66
InvestmentDisciplined investing over empire-building
96
49
Low VolatilityCalm price path (market factor)
70
88
MomentumPrice trend over the last 3–12 months (market factor)
41
55
52W MomentumDistance to the 52-week high (market factor)
45
60
Net IssuanceShare count: buybacks or dilution?
82
69

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familySun Hung Kai PropertiesPrice HK$109Develia S.APrice PLN 9.80
DCF Models+39%above the priceHK$152+72%above the pricePLN 16.86
Dividend Discount-51%below the priceHK$53.81-22%below the pricePLN 7.68
Multiples+4%close to the priceHK$113+66%above the pricePLN 16.27
Asset-Based+31%above the priceHK$143-72%below the pricePLN 2.79
Growth DCF+27%above the priceHK$138+34%above the pricePLN 13.18
Economic Profit+40%above the priceHK$153-33%below the pricePLN 6.60
Minimum-51%below the priceHK$53.81-72%below the pricePLN 2.79
Maximum+40%above the priceHK$153+72%above the pricePLN 16.86
Median+29%above the priceHK$141+6%close to the pricePLN 10.43
Geometric mean+9%close to the priceHK$119-9%close to the pricePLN 8.94

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Sun Hung Kai Properties: 3 of 16 models see the stock below the current price.

Develia S.A: 7 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Sun Hung Kai Properties
Price HK$109
Fair Value HK$148
Bear HK$95.71Bull HK$148
Develia S.A
Price PLN 9.80
Fair Value PLN 8.12
Bear PLN 5.39Bull PLN 19.28

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Sun Hung Kai Properties · Real Estate

Quality score69 · Top 25%
Fair value upside+35% · above median

Develia S.A · Real Estate

Quality score59 · above median
Fair value upside-17% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Sun Hung Kai Properties as the more attractively valued of the two: Sun Hung Kai Properties trades at HK$109 versus a fair value of HK$148 (+35%), while Develia S.A trades at PLN 9.80 versus PLN 8.12 (-17%).

Sun Hung Kai Properties has the higher quality score (69/100).

Open Sun Hung Kai Properties live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.