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Henderson Land Development Co Ltd ADR HLDCY

Morningstar Rating
$2.78 0.00 (0.00%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

HLDCY is trading at a 41% discount.
Price
$2.78
Fair Value
$3.73
Uncertainty
High
1-Star Price
$6.17
5-Star Price
$7.53
Economic Moat
Kzlg
Capital Allocation
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Trading Information

Previous Close Price
$2.78
Day Range
$2.762.78
52-Week Range
$2.423.90
Bid/Ask
$2.77 / $2.88
Market Cap
$13.46 Bil
Volume/Avg
159,883 / 630,925

Key Statistics

Price/Earnings (Normalized)
11.88
Price/Sales
4.01
Dividend Yield
8.26%
Dividend Yield (Forward)
8.26%
Total Yield
8.26%

Company Profile

Henderson Land Development is a leading property developer in Hong Kong with a focus on urban redevelopment and farmland conversion. The company was founded in 1976, listed in 1981. Founder Lee Shau Kee is the controlling shareholder, and a series of disposals in December 2017 reduced his stake to below 72.8%. The share disposals were the first since 1993, lessening the possibility of a privatization. Lee stepped down in May 2019, succeeded by his two sons as joint chairmen and managing directors. Henderson Land also controls four listed entities directly, including a 33.4% stake in Hong Kong Ferry, a 69% stake in Henderson Investment, a 41.5% stake in Hong Kong and China Gas, and a 50.1% stake in Miramar Hotel & Investment.
Sector
Real Estate
Industry
Real Estate - Diversified
Stock Style Box
Large Value
Total Number of Employees
9,881

Competitors

Valuation

Metric
HLDCY
H78
01972
Price/Earnings (Normalized)
11.8810.0111.27
Price/Book Value
0.330.220.31
Price/Sales
4.013.526.20
Price/Cash Flow
17.9510.6218.05
Price/Earnings
HLDCY
H78
01972

Financial Strength

Metric
HLDCY
H78
01972
Quick Ratio
0.400.600.68
Current Ratio
2.241.681.63
Interest Coverage
8.25−0.5325.36
Quick Ratio
HLDCY
H78
01972

Profitability

Metric
HLDCY
H78
01972
Return on Assets (Normalized)
1.97%2.84%2.03%
Return on Equity (Normalized)
3.23%3.63%2.40%
Return on Invested Capital (Normalized)
2.66%3.25%2.21%
Return on Assets
HLDCY
H78
01972

Real Estate - Diversified Industry Comparables