Morningstar

Henderson Land Development Co Ltd 00012

Morningstar Rating
Unlock
Stock XHKG Rating as of
HK$26.55 +0.10 (0.38%)
View Full Chart
As of Delayed Price Closed

Company Report

View Archive

Henderson Land Is a Well-Diversified Hong Kong Property Developer

Xinfu Lee

Henderson Land Development, or HLD, is a leading Hong Kong property developer. It ranks third in square footage in the retail sector, and fourth in the office sector. In residential sales, HLD is usually a top-five developer in terms of units sold and contracted sales. Despite its strong presence across all sectors of Hong Kong real estate, it has limited signature projects.

Read Full Report

Price vs Fair Value

View History
00012 is trading at a 860% premium.
Price
HK$26.55
Fair Value
HK$52.00
Uncertainty
Medium
1-Star Price
HK$15.50
5-Star Price
HK$45.50
Economic Moat
Yrk
Capital Allocation
Pjrblqwk

Bulls Say, Bears Say

Bulls

The Hong Kong government is expected to speed up 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.

Show More

News

View All

Trading Information

Previous Close Price
HK$26.45
Day Range
HK$26.10–26.80
52-Week Range
HK$19.58–27.65
Bid/Ask
HK$26.50 / HK$26.55
Market Cap
HK$128.54 Bil
Volume/Avg
6.1 Mil / 4.4 Mil

Key Statistics

Price/Earnings (Normalized)
14.15
Price/Sales
4.42
Dividend Yield (Trailing)
6.78%
Dividend Yield (Forward)
6.78%
Total Yield
6.78%

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 69% 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
9,875
Website
https://www.hld.com

Competitors

Valuation

View More
Metric
00012
00016
01972
Price/Earnings (Normalized)
 14.1510.9913.42
Price/Book Value
 0.400.430.35
Price/Sales
 4.423.646.76
Price/Cash Flow
 22.8710.4421.94
Price/Earnings
00012
00016
01972

Financial Strength

Metric
00012
00016
01972
Quick Ratio
 0.430.370.45
Current Ratio
 2.153.760.94
Interest Coverage
 5.469.075.65
Quick Ratio
00012
00016
01972

Profitability

Metric
00012
00016
01972
Return on Assets (Normalized)
 1.69%2.89%1.98%
Return on Equity (Normalized)
 2.80%3.89%2.45%
Return on Invested Capital (Normalized)
 2.34%3.52%2.29%
Return on Assets
00012
00016
01972

Real Estate - Diversified Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Gould Investors LP
GDVTZ
—Ddcbs$245.5 Bil
 Goodman Group
GMGSF
—Rhbjsk$48.5 Bil
 Mitsui Fudosan Co Ltd ADR
MTSFY
—Zqqqd$26.4 Bil
 Mitsui Fudosan Co Ltd
MTSFF
—Gyxyv$26.4 Bil
 Mitsubishi Estate Co Ltd ADR
MITEY
—Xzyfc$20.2 Bil
 Mitsubishi Estate Co Ltd
MITEF
—Mfztk$20.2 Bil
 Henderson Land Development Co Ltd
HLDVF
—Hmgh$16.6 Bil
 Henderson Land Development Co Ltd ADR
HLDCY
—Myvv$16.6 Bil
 Fastighets AB Balder Class B
BALDF
—Bltf$10.0 Bil
 Daito Trust Construction Co Ltd
DITTF
—Dqwl$7.8 Bil

Sponsor Center