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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Sun Hung Kai Properties's intangible assets for the quarter that ended in Dec. 2025 was €396 Mil.
Sun Hung Kai Properties (FRA:SHG) Intangible Assets Explanation
If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.
The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.
Some intangibles are amortized. Amortization is the depreciation of intangible assets.
Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.
Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.
If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.
Intangibles acquired are on balance sheet at fair value.
Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.
One of the reasons competitive advantage power can remain hidden for so long.
Be Aware
Companies may change the way intangible assets are amortized, and this will affect their reported earnings.
Sun Hung Kai Properties Intangible Assets Related Terms
Sun Hung Kai Properties Intangible Assets Historical Data
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The historical data trend for Sun Hung Kai Properties's Intangible Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sun Hung Kai Properties Intangible Assets Calculation
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.
Sun Hung Kai Properties (FRA:SHG) has a Intangible Assets of €396 Mil as of Dec. 2025. Intangible assets include patents, goodwill and trade secrets. View historical data on Sun Hung Kai Properties and its competitors.
Is Sun Hung Kai Properties' Intangible Assets too high?
Sun Hung Kai Properties' current Intangible Assets is €396 Mil. Overall, Sun Hung Kai Properties has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sun Hung Kai Properties' Intangible Assets compare to competitors?
Sun Hung Kai Properties' Intangible Assets of €396 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intangible Assets for a Real Estate company?
A good Intangible Assets depends on the Real Estate industry context. However, Intangible Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intangible Assets mean?
A high Intangible Assets can signal that a stock is expensive relative to its fundamentals. Intangible assets include patents, goodwill and trade secrets. View historical data on Sun Hung Kai Properties and its competitors. Sun Hung Kai Properties's current Intangible Assets is €396 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sun Hung Kai Properties stock overvalued right now?
Based on GuruFocus' analysis, Sun Hung Kai Properties (FRA:SHG) is currently considered Modestly Overvalued. The stock's GF Value™ is €10.38, compared to a current price of €12.70 — trading 22.4% above its estimated fair value. The current Intangible Assets is €396 Mil. Sun Hung Kai Properties' overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intangible Assets calculated?
Intangible Assets is calculated from a company's financial statements. For Sun Hung Kai Properties (FRA:SHG), the current Intangible Assets is €396 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Sun Hung Kai Properties (FRA:SHG) Overvalued in 2026?
Based on GuruFocus' analysis, Sun Hung Kai Properties stock appears to be overvalued.
The current stock price of €12.70 is trading 22.4% above its estimated GF Value™ of €10.38.
GuruFocus considers Sun Hung Kai Properties to be Modestly Overvalued.
Key valuation signals for FRA:SHG:
Intangible Assets: €396 Mil
GF Value™: €10.38 vs. price of €12.70 (22.4% above fair value)
No single metric tells the full story. See the FRA:SHG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sun Hung Kai Properties is a diversified real estate developer in Hong Kong with a core focus on the residential, office, and retail real estate segments. Most of its business is based in Hong Kong, where it is a leading private housing developer and holds a portfolio of high-quality retail and office properties for rental income. The company also invests in other listed entities, including a telecommunication company, SmarTone, and a data center provider, SUNeVision. The Kwok family is the controlling shareholder, with a stake of more than 40%.
76GF Score
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Intangible Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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