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Henderson Land Development Co Ltd 00012

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Stock XHKG Rating as of
HK$26.74 +0.38 (1.44%)
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Henderson Land Is a Well-Diversified Hong Kong Property Developer

Kathy Chan

Henderson Land Development is one of Hong Kong's top four real estate developers by residential units sold and contracted sales. It also holds 9.8 million square feet of attributable gross floor area in its Hong Kong investment properties portfolio. Despite its strong presence across all sectors of Hong Kong real estate, it has limited signature projects.

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Price vs Fair Value

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00012 is trading at a LOCK|#%#&by? premium.
Price
HK$26.74
Fair Value
xVs
Uncertainty
LOCK|#?%%g
1-Star Price
LOCK|.##
5-Star Price
LOCK|.@
Economic Moat
LOCK|&D
Capital Allocation
LOCK|YMc^jr

Bulls Say, Bears Say

Bulls

The Hong Kong government is expected to accelerate the farmland conversion process as part of its effort to increase housing supply.

Bears

The farmland conversion process remains challenging, given the number of stakeholders involved. Urban redevelopment is slow by its very nature. Hence, asset turn is expected to remain slow.

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Trading Information

Previous Close Price
HK$26.36
Day Range
HK$26.14–26.76
52-Week Range
HK$24.58–35.66
Bid/Ask
HK$26.68 / HK$26.74
Shares Outstanding
4.84B
Market Cap
HK$129.46B
Volume/Avg
11M / 8M

Key Statistics

Price/Earnings (Normalized)
20.95
Price/Sales
4.05
Dividend Yield (Trailing)
4.71%
Dividend Yield (Forward)
4.71%
Dividend Payment Schedule
Jun, Sep
Total Yield
4.71%

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. Henderson Land directly controls four listed entities, including a 69.3% stake in Henderson Investment, a 41.5% stake in Hong Kong and China Gas, a 33.4% stake in Hong Kong Ferry, 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
9,974
Website
https://www.hld.com

Competitors

Valuation

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Metric
00012
01972
00016
Price/Earnings (Normalized)
 20.9544.5213.73
Price/Book Value
 0.400.520.50
Price/Sales
 4.058.383.34
Price/Cash Flow
 26.1617.9411.53
Price/Earnings
00012
01972
00016

Financial Strength

Metric
00012
01972
00016
Quick Ratio
 0.820.580.64
Current Ratio
 2.981.193.28
Interest Coverage
 4.864.9013.99
Quick Ratio
00012
01972
00016

Profitability

Metric
00012
01972
00016
Return on Assets (Normalized)
 1.45%2.11%—
Return on Equity (Normalized)
 2.41%2.77%—
Return on Invested Capital (Normalized)
 2.24%2.51%—
Return on Assets
00012
01972
00016

Real Estate - Diversified Industry Comparables

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1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Mitsubishi Estate Co Ltd ADR
MITEY
—LOCK|qv$$27B
 Mitsubishi Estate Co Ltd
MITEF
—LOCK|?Lb$27B
 Mitsui Fudosan Co Ltd
MTSFF
—LOCK|@%^$25B
 Mitsui Fudosan Co Ltd ADR
MTSFY
—LOCK|%%f$25B
 Henderson Land Development Co Ltd
HLDVF
—LOCK|^FD$16B
 Henderson Land Development Co Ltd ADR
HLDCY
—LOCK|&T$16B
 Swiss Prime Site AG
SWPRF
—LOCK|&@cS$12B
 SM Prime Holdings Inc
SPHXF
—LOCK|c&$7B
 Daito Trust Construction Co Ltd ADR
DIFTY
—LOCK|M^<$7B
 Daito Trust Construction Co Ltd
DITTF
—LOCK|#&$7B

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