Hongkong Land Holdings Ltd H78

Morningstar Rating
$8.05 −0.15 (1.83%)
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Company Report

Hongkong Land's High-Quality Assets and Expanding Fund Management Business Underpin Long-Term Growth

Hongkong Land develops, grows, and holds a portfolio of high-quality assets in Hong Kong’s central business district. Over more than a century, it assiduously assembled and upgraded these assets and turned them into a portfolio consisting of the most desirable office and retail locations in the city. The Central portfolio accounts for over 60% of the company’s operating profit.

Price vs Fair Value

H78 is trading at a LOCK|^#pg premium.
Price
$8.05
Fair Value
LOCK|Pt
Uncertainty
LOCK|!ZK!y
1-Star Price
LOCK|.?pD
5-Star Price
LOCK|zqv
Economic Moat
LOCK|lV<w
Capital Allocation
LOCK|#^&?&?

Bulls Say, Bears Say

Bulls

Hongkong Land’s core portfolio will continue to benefit from a strong office market in Hong Kong, as well as the recovery of the city’s luxury retail sector.

Bears

The over-reliance on the Hong Kong portfolio exposes the company to a cyclical Hong Kong property market.

Trading Information

Previous Close Price
$8.20
Day Range
$8.01–8.21
52-Week Range
$5.92–9.12
Bid/Ask
$8.04 / $8.05
Shares Outstanding
2.13B
Market Cap
$17.15B
Volume/Avg
2M / 2M

Key Statistics

Price/Earnings (Normalized)
13.77
Price/Sales
13.10
Dividend Yield (Trailing)
3.35%
Dividend Yield (Forward)
3.35%
Dividend Payment Schedule
May, Oct
Total Yield
5.04%

Company Profile

Hongkong Land is a property investor focusing on holding prime commercial assets in Hong Kong, mainland China, and Singapore. It is the largest office landlord in Hong Kong’s Central Business District, and the second largest in Hong Kong overall. The Central portfolio includes 4.0 million square feet of office space and 0.5 million square feet of retail area. The company is also expanding its fund management business to build a recurring stream of fee income. Hongkong Land is dual listed on the London Stock Exchange and the Singapore Exchange. Jardine Matheson Holdings owns 55% of the company.
Sector
Real Estate
Industry
Real Estate - Development
Stock Style Box
Large Core
Total Number of Employees
2,552

Competitors

Valuation

Metric
H78
01972
01997
Price/Earnings (Normalized)
13.7744.5263.64
Price/Book Value
0.550.520.52
Price/Sales
13.108.387.27
Price/Cash Flow
88.7917.9413.40
Price/Earnings
H78
01972
01997

Financial Strength

Metric
H78
01972
01997
Quick Ratio
1.510.580.19
Current Ratio
2.011.190.24
Interest Coverage
13.464.900.26
Quick Ratio
H78
01972
01997

Profitability

Metric
H78
01972
01997
Return on Assets (Normalized)
1.22%2.11%2.89%
Return on Equity (Normalized)
1.58%2.77%3.65%
Return on Invested Capital (Normalized)
1.63%2.51%3.54%
Return on Assets
H78
01972
01997

Real Estate - Development Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Sun Hung Kai Properties Ltd
SUHJF
—LOCK|>jY$40B
Sun Hung Kai Properties Ltd ADR
SUHJY
—LOCK|$BS$40B
China Resources Land Ltd ADR
CRBJY
—LOCK|?l&$28B
CK Asset Holdings Ltd ADR
CNGKY
—LOCK|<n$21B
CK Asset Holdings Ltd
CHKGF
—LOCK|^P$21B
China Overseas Land & Investment Ltd ADR
CAOVY
—LOCK|^?$18B
China Overseas Land & Investment Ltd
CAOVF
—LOCK|<Hq$18B
Hongkong Land Holdings Ltd
HKHGF
—LOCK|W!<^T$17B
Hongkong Land Holdings Ltd ADR
HNGKY
—LOCK|S^%<&$17B
Daiwa House Industry Co Ltd
DWAHF
———$17B

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