Hongkong Land Holdings Limited

SGX:H78 Stock Report

Market Cap: US$10.6b

Hongkong Land Holdings Valuation

Is H78 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of H78 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: H78 ($4.95) is trading above our estimate of fair value ($4.19)

Significantly Below Fair Value: H78 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for H78?

Other financial metrics that can be useful for relative valuation.

H78 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue7.4x
Enterprise Value/EBITDA25.5x
PEG Ration/a

Price to Sales Ratio vs Peers

How does H78's PS Ratio compare to its peers?

The above table shows the PS ratio for H78 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5x
9CI CapitaLand Investment
5.2x3.0%S$14.3b
CY6U CapitaLand India Trust
5.6x12.6%S$1.4b
H30 Hong Fok
6.5xn/aS$684.1m
OU8 Centurion
2.6x-0.07%S$706.3m
H78 Hongkong Land Holdings
5.1x-1.4%US$10.6b

Price-To-Sales vs Peers: H78 is expensive based on its Price-To-Sales Ratio (5.1x) compared to the peer average (5x).


Price to Earnings Ratio vs Industry

How does H78's PE Ratio compare vs other companies in the SG Real Estate Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a31.5%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a31.5%
n/an/an/a
No more companies

Price-To-Sales vs Industry: H78 is expensive based on its Price-To-Sales Ratio (5.1x) compared to the SG Real Estate industry average (2.5x).


Price to Sales Ratio vs Fair Ratio

What is H78's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

H78 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.1x
Fair PS Ratio1.6x

Price-To-Sales vs Fair Ratio: H78 is expensive based on its Price-To-Sales Ratio (5.1x) compared to the estimated Fair Price-To-Sales Ratio (1.6x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst H78 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$4.95
US$4.55
-8.0%
19.4%US$6.00US$3.20n/a13
Oct ’25US$3.77
US$3.61
-4.3%
13.4%US$4.50US$2.80n/a13
Sep ’25US$3.75
US$3.55
-5.2%
13.4%US$4.50US$2.80n/a13
Aug ’25US$3.24
US$3.59
+10.7%
23.3%US$6.10US$2.64n/a13
Jul ’25US$3.24
US$3.58
+10.6%
23.2%US$6.10US$2.70n/a13
Jun ’25US$3.39
US$3.65
+7.7%
22.7%US$6.10US$2.70n/a13
May ’25US$3.21
US$3.65
+13.6%
22.7%US$6.10US$2.70n/a13
Apr ’25US$3.09
US$3.69
+19.5%
21.8%US$6.10US$2.85n/a13
Mar ’25US$3.24
US$3.71
+14.6%
20.8%US$6.10US$2.88n/a13
Feb ’25US$3.12
US$3.91
+25.4%
25.5%US$6.10US$2.88n/a13
Jan ’25US$3.48
US$4.20
+20.7%
25.0%US$6.10US$3.00n/a13
Dec ’24US$3.19
US$4.22
+32.4%
24.8%US$6.10US$3.00n/a13
Nov ’24US$3.18
US$4.27
+34.3%
24.6%US$6.10US$3.00US$4.4813
Oct ’24US$3.57
US$4.39
+23.0%
20.1%US$6.10US$3.30US$3.7712
Sep ’24US$3.55
US$4.49
+26.5%
19.7%US$6.10US$3.30US$3.7511
Aug ’24US$3.67
US$4.54
+23.6%
19.8%US$6.10US$3.30US$3.2411
Jul ’24US$3.90
US$4.95
+26.9%
14.7%US$6.50US$3.80US$3.2411
Jun ’24US$4.31
US$4.99
+15.8%
14.6%US$6.50US$3.80US$3.3911
May ’24US$4.43
US$5.06
+14.3%
14.8%US$6.50US$3.80US$3.2111
Apr ’24US$4.39
US$5.10
+16.1%
14.6%US$6.50US$3.80US$3.0911
Mar ’24US$4.65
US$5.18
+11.3%
16.3%US$6.60US$3.60US$3.2411
Feb ’24US$4.92
US$5.10
+3.7%
16.0%US$6.60US$3.60US$3.1211
Jan ’24US$4.60
US$5.27
+14.6%
20.8%US$7.30US$3.60US$3.4812
Dec ’23US$4.17
US$5.43
+30.3%
19.9%US$7.30US$3.60US$3.1912
Nov ’23US$3.98
US$5.87
+47.6%
14.9%US$7.30US$4.30US$3.1812

Analyst Forecast: Target price is lower than the current share price.


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