Announcement • Jun 04
Henderson Land Development Company Limited Approves Final Dividend Henderson Land Development Company Limited at its annual general meeting held on June 2, 2026 approved a final dividend of HKD 0.76 per share. Declared Dividend • May 20
Final dividend of HK$0.76 announced Shareholders will receive a dividend of HK$0.76. Ex-date: 4th June 2026 Payment date: 23rd June 2026 Dividend yield will be 23%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio). However, it is well covered by cash flows (49% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 20% to bring the payout ratio under control. EPS is expected to grow by 79% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Mar 24
Henderson Land Development Company Limited Proposes Final Dividend for the Year Ended 31 December 2025, Payable on 23 June 2026 Henderson Land Development Company Limited at its AGM to be held on June 2, 2026 proposed a final dividend of HKD 0.76 per share for the year ended December 31, 2025. Ex-dividend date is 04 June 2026 and Record date is 10 June 2026. The payable date is 23 June 2026. Announcement • Mar 23
Henderson Land Development Company Limited, Annual General Meeting, Jun 02, 2026 Henderson Land Development Company Limited, Annual General Meeting, Jun 02, 2026. Announcement • Mar 09
Henderson Land Development Company Limited to Report Fiscal Year 2025 Results on Mar 23, 2026 Henderson Land Development Company Limited announced that they will report fiscal year 2025 results on Mar 23, 2026 Announcement • Dec 02
Henderson Land Development Company Limited Announces Change of Membership of Nomination Committee, Effective from 1 December 2025 The board of directors of Henderson Land Development Company Limited announced that, following the resignation of Dr Lam Ko Yin, Colin, the Vice Chairman and an Executive Director of the Company, as a member of the Nomination Committee of the Company, Madam Fung Lee Woon King, an Executive Director of the Company, has been appointed as a member of the Nomination Committee of the Company, both with effect from 1 December 2025. The above change aims to enhance the gender diversity of the Nomination Committee of
the Company. Announcement • Jun 03
Henderson Land Development Company Limited Approves Final Dividend for the Year Ended 31 December 2024 Henderson Land Development Company Limited in its AGM held on June 3, 2025 approved to declare a final dividend of HKD 1.30 per share (with no scrip option) for the year ended December 31, 2024. Announcement • Mar 06
Henderson Land Development Company Limited to Report Fiscal Year 2024 Results on Mar 20, 2025 Henderson Land Development Company Limited announced that they will report fiscal year 2024 results on Mar 20, 2025 Buy Or Sell Opportunity • Nov 08
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to €3.12. The fair value is estimated to be €2.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 1.0% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Buy Or Sell Opportunity • Oct 19
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to €3.10. The fair value is estimated to be €2.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 1.0% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Buy Or Sell Opportunity • Oct 02
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to €3.12. The fair value is estimated to be €2.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 1.0% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €2.94, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Real Estate industry in Germany. Total loss to shareholders of 5.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.60 per share. Declared Dividend • Aug 23
First half dividend of HK$0.50 announced Shareholders will receive a dividend of HK$0.50. Ex-date: 3rd September 2024 Payment date: 17th September 2024 Dividend yield will be 27%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (135% earnings payout ratio). However, it is covered by cash flows (60% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 49% to bring the payout ratio under control. EPS is expected to grow by 74% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Aug 22
First half 2024 earnings released: EPS: HK$0.66 (vs HK$1.23 in 1H 2023) First half 2024 results: EPS: HK$0.66 (down from HK$1.23 in 1H 2023). Revenue: HK$11.8b (up 14% from 1H 2023). Net income: HK$3.17b (down 47% from 1H 2023). Profit margin: 27% (down from 58% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Aug 21
Henderson Land Development Company Limited Announces an Interim Dividend for the Six Months Ended 30 June 2024, Payable on 17 September 2024 Henderson Land Development Company Limited announced an interim dividend of HKD 0.5 per share for the six months ended 30 June 2024. Ex-dividend date is 3 September 2024. Record date is 6 September 2024. Payment date is 17 September 2024. Announcement • Aug 07
Henderson Land Development Company Limited to Report First Half, 2024 Results on Aug 21, 2024 Henderson Land Development Company Limited announced that they will report first half, 2024 results on Aug 21, 2024 Upcoming Dividend • May 29
Upcoming dividend of HK$1.30 per share Eligible shareholders must have bought the stock before 05 June 2024. Payment date: 21 June 2024. Payout ratio is on the higher end at 94%, however this is supported by cash flows. Trailing yield: 7.3%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.9%). New Risk • May 03
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.0% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.0% operating cash flow to total debt). Minor Risk Dividend is not well covered by earnings (94% payout ratio). Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: HK$1.91 (vs HK$1.91 in FY 2022) Full year 2023 results: EPS: HK$1.91 (up from HK$1.91 in FY 2022). Revenue: HK$27.6b (up 7.9% from FY 2022). Net income: HK$9.26b (flat on FY 2022). Profit margin: 34% (down from 36% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year and the company’s share price has also fallen by 10% per year. Announcement • Apr 26
Henderson Land Development Company Limited, Annual General Meeting, Jun 03, 2024 Henderson Land Development Company Limited, Annual General Meeting, Jun 03, 2024, at 11:30 China Standard Time. Location: Four Seasons Grand Ballroom, Four Seasons Hotel, 8 Finance Street Central Hong Kong Agenda: To receive and consider the Audited Financial Statements and the Reports of the Directors and Auditor for the year ended 31 December 2023; to declare a Final Dividend (with no scrip option); to re-elect retiring Director; to re-appoint Auditor and authorise the Directors to fix the Auditor's remuneration; and to consider other matters. Reported Earnings • Apr 25
Full year 2023 earnings released: EPS: HK$1.91 (vs HK$1.91 in FY 2022) Full year 2023 results: EPS: HK$1.91 (up from HK$1.91 in FY 2022). Revenue: HK$27.6b (up 7.9% from FY 2022). Net income: HK$9.26b (flat on FY 2022). Profit margin: 34% (down from 36% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year and the company’s share price has also fallen by 10% per year. Declared Dividend • Mar 24
Final dividend of HK$1.30 announced Shareholders will receive a dividend of HK$1.30. Ex-date: 5th June 2024 Payment date: 21st June 2024 Dividend yield will be 50%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (63% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 4.5% to bring the payout ratio under control. EPS is expected to grow by 43% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • Mar 22
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.6% operating cash flow to total debt). Minor Risk Dividend is not well covered by earnings (94% payout ratio). Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: HK$1.91 (vs HK$1.91 in FY 2022) Full year 2023 results: EPS: HK$1.91 (up from HK$1.91 in FY 2022). Revenue: HK$27.6b (up 7.9% from FY 2022). Net income: HK$9.26b (flat on FY 2022). Profit margin: 34% (down from 36% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 17% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year and the company’s share price has also fallen by 10% per year. Announcement • Mar 21
Henderson Land Development Company Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 21 June 2024 Henderson Land Development Company Limited proposed final dividend for the year ended 31 December 2023 of HKD 1.3 per share, with Ex-dividend: date 05 June 2024; Record date:12 June 2024 and Payment date of 21 June 2024. Date of shareholders' approval is 03 June 2024. Announcement • Mar 08
Henderson Land Development Company Limited to Report Fiscal Year 2023 Results on Mar 21, 2024 Henderson Land Development Company Limited announced that they will report fiscal year 2023 results on Mar 21, 2024 Buy Or Sell Opportunity • Feb 08
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 2.4% to €2.52. The fair value is estimated to be €2.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.4%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 9.2% per annum over the same time period. Upcoming Dividend • Aug 28
Upcoming dividend of HK$0.50 per share at 8.5% yield Eligible shareholders must have bought the stock before 04 September 2023. Payment date: 19 September 2023. Payout ratio and cash payout ratio are on the higher end at 84% and 78% respectively. Trailing yield: 8.5%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.7%). Announcement • Aug 23
Henderson Land Development Company Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 19 September 2023 Henderson Land Development Company Limited announced Interim dividend for the six months ended 30 June 2023. Dividend declared HKD 0.5 per share. Ex-dividend date 04 September 2023. Record date 07 September 2023. Payment date 19 September 2023. Announcement date 22 August 2023. New Risk • Aug 23
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.2% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Announcement • Aug 09
Henderson Land Development Company Limited to Report First Half, 2023 Results on Aug 22, 2023 Henderson Land Development Company Limited announced that they will report first half, 2023 results on Aug 22, 2023 Announcement • Jun 06
Henderson Land Development Company Limited Approves Final Dividend Henderson Land Development Company Limited in its AGM held on 5 June 2023 approved a final dividend of HKD 1.30 per share. Upcoming Dividend • May 31
Upcoming dividend of HK$1.30 per share at 6.9% yield Eligible shareholders must have bought the stock before 07 June 2023. Payment date: 23 June 2023. Payout ratio and cash payout ratio are on the higher end at 94% and 78% respectively. Trailing yield: 6.9%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.1%). Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: HK$1.91 (vs HK$2.73 in FY 2021) Full year 2022 results: EPS: HK$1.91 (down from HK$2.73 in FY 2021). Revenue: HK$25.6b (up 8.6% from FY 2021). Net income: HK$9.24b (down 30% from FY 2021). Profit margin: 36% (down from 56% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 30% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 29
Upcoming dividend of HK$0.50 per share Eligible shareholders must have bought the stock before 05 September 2022. Payment date: 20 September 2022. Payout ratio is on the higher end at 76%, and the cash payout ratio is above 100%. Trailing yield: 6.8%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (5.1%). Reported Earnings • Aug 24
First half 2022 earnings released: EPS: HK$0.99 (vs HK$1.35 in 1H 2021) First half 2022 results: EPS: HK$0.99 (down from HK$1.35 in 1H 2021). Revenue: HK$9.51b (up 8.1% from 1H 2021). Net income: HK$4.78b (down 27% from 1H 2021). Profit margin: 50% (down from 75% in 1H 2021). Over the next year, revenue is forecast to grow 40% compared to a 47% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Aug 24
Henderson Land Development Company Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payment Date Is 20 September 2022 Henderson Land Development Company Limited announced Interim dividend of HKD 0.5 per share for the six months ended 30 June 2022. Ex-dividend date is 05 September 2022. Record date is 08 September 2022. Payment date is 20 September 2022. Announcement • Aug 10
Henderson Land Development Company Limited to Report First Half, 2022 Results on Aug 23, 2022 Henderson Land Development Company Limited announced that they will report first half, 2022 results on Aug 23, 2022 Announcement • Jun 02
Henderson Land Development Company Limited Approves Final Dividend Henderson Land Development Company Limited at its annual general meeting held on June 1, 2022, approved a final dividend of HKD 1.30 per share (with no scrip option). Upcoming Dividend • May 30
Upcoming dividend of HK$1.30 per share Eligible shareholders must have bought the stock before 06 June 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 66% but the company is paying out more than the cash it is generating. Trailing yield: 5.4%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (4.2%). Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: HK$2.73 (vs HK$2.11 in FY 2020) Full year 2021 results: EPS: HK$2.73 (up from HK$2.11 in FY 2020). Revenue: HK$23.5b (down 6.0% from FY 2020). Net income: HK$13.2b (up 30% from FY 2020). Profit margin: 56% (up from 41% in FY 2020). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 41% compared to a 33% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Apr 22
Henderson Land Development Company Limited Recommends Final Dividend for the Year Ended 31 December 2021, Payable on 21 June 2022 Henderson Land Development Company Limited recommended the payment of a final dividend of HKD 1.30 per share to shareholders whose names appear on the Register of Members of the Company on 10 June 2022, and such final dividend will not be subject to any withholding tax in Hong Kong. Including the interim dividend of HKD 0.50 per share already paid, the total dividend for the year ended 31 December 2021 will amount to HKD 1.80 per share (2020: HKD 1.80 per share). The proposed final dividend is expected to be distributed to shareholders on 21 June 2022. Upcoming Dividend • Aug 27
Upcoming dividend of HK$0.50 per share Eligible shareholders must have bought the stock before 03 September 2021. Payment date: 16 September 2021. Trailing yield: 5.2%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 25
First half 2021 earnings released: EPS HK$1.35 (vs HK$0.58 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$8.79b (down 20% from 1H 2020). Net income: HK$6.55b (up 131% from 1H 2020). Profit margin: 75% (up from 26% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Jun 02
Henderson Land Development Company Limited Approves to Declare Final Dividend for the Year Ended 31 December 2020 Henderson Land Development Company Limited approved to declare a final dividend of HKD 1.30 per share (with no scrip option), at its AGM held on June 1, 2021. Upcoming Dividend • May 27
Upcoming dividend of HK$1.30 per share Eligible shareholders must have bought the stock before 03 June 2021. Payment date: 21 June 2021. Trailing yield: 4.9%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.0%). Reported Earnings • Apr 25
Full year 2020 earnings released: EPS HK$2.11 (vs HK$3.51 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: HK$25.0b (up 3.5% from FY 2019). Net income: HK$10.2b (down 40% from FY 2019). Profit margin: 41% (down from 70% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 25
Full year 2020 earnings released The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: HK$25.0b (up 3.5% from FY 2019). Net income: HK$10.2b (down 40% from FY 2019). Profit margin: 41% (down from 70% in FY 2019). The decrease in margin was driven by higher expenses. Announcement • Mar 10
Henderson Land Development Company Limited to Report Fiscal Year 2020 Results on Mar 23, 2021 Henderson Land Development Company Limited announced that they will report fiscal year 2020 results on Mar 23, 2021 Is New 90 Day High Low • Feb 26
New 90-day high: €3.60 The company is up 3.0% from its price of €3.50 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.57 per share. Is New 90 Day High Low • Jan 27
New 90-day high: €3.56 The company is up 17% from its price of €3.04 on 29 October 2020. The German market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.09 per share. Is New 90 Day High Low • Oct 30
New 90-day low: €3.04 The company is down 2.0% from its price of €3.10 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Real Estate industry, which is also down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.87 per share. Announcement • Aug 07
Henderson Land Development Company Limited to Report First Half, 2020 Results on Aug 20, 2020 Henderson Land Development Company Limited announced that they will report first half, 2020 results on Aug 20, 2020