Hongkong Land Holdings Limited

LSE:HKLD Stock Report

Market Cap: US$9.7b

Hongkong Land Holdings Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 HKLD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HKLD ($7.41) is trading below our estimate of fair value ($9.6)

Significantly Below Fair Value: HKLD is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As HKLD is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for HKLD. This is calculated by dividing HKLD's market cap by their current revenue.
What is HKLD's PS Ratio?
PS Ratio4.5x
SalesUS$2.15b
Market CapUS$9.73b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for HKLD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.3x
GRI Grainger
5.7x-23.5%UK£1.7b
IWG International Workplace Group
0.5x3.2%UK£1.6b
SRE Sirius Real Estate
4.7x-4.0%UK£1.2b
TPFG Property Franchise Group
6.2x42.4%UK£254.2m
HKLD Hongkong Land Holdings
4.5x-1.3%US$9.7b

Price-To-Sales vs Peers: HKLD is expensive based on its Price-To-Sales Ratio (4.5x) compared to the peer average (4.3x).

Price to Sales Ratio vs Industry

How does HKLD's PS Ratio compare vs other companies in the GB Real Estate Industry?

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
IWG International Workplace Group
0.5x3.2%US$1.98b
ETLN Etalon Group
0.3x10.5%US$210.89m
WJG Watkin Jones
0.1x1.6%US$63.60m
RAV Raven Property Group
0.1x-0.2%US$23.74m
HKLD 4.5xIndustry Avg. 4.5xNo. of Companies10PS02.44.87.29.612+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: HKLD is expensive based on its Price-To-Sales Ratio (4.5x) compared to the UK Real Estate industry average (4.1x).

Price to Sales Ratio vs Fair Ratio

What is HKLD'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.

HKLD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.5x
Fair PS Ratio4.3x

Price-To-Sales vs Fair Ratio: HKLD is expensive based on its Price-To-Sales Ratio (4.5x) compared to the estimated Fair Price-To-Sales Ratio (4.3x).

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 HKLD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$7.41
US$4.79
-35.4%
16.0%US$6.00US$3.20n/a13
Dec ’25US$7.41
US$4.71
-36.4%
17.2%US$6.00US$3.20n/a13
Nov ’25US$7.41
US$4.55
-38.6%
19.4%US$6.00US$3.20n/a13
Oct ’25US$7.41
US$3.61
-51.3%
13.4%US$4.50US$2.80n/a13
Sep ’25US$7.41
US$3.55
-52.0%
13.4%US$4.50US$2.80n/a13
Aug ’25US$7.41
US$3.59
-51.6%
23.3%US$6.10US$2.64n/a13
Jul ’25US$7.41
US$3.58
-51.6%
23.2%US$6.10US$2.70n/a13
Jun ’25US$7.41
US$3.65
-50.7%
22.7%US$6.10US$2.70n/a13
May ’25US$7.41
US$3.65
-50.8%
22.7%US$6.10US$2.70n/a13
Apr ’25US$7.41
US$3.69
-50.2%
21.8%US$6.10US$2.85n/a13
Mar ’25US$7.41
US$3.71
-49.9%
20.8%US$6.10US$2.88n/a13
Feb ’25US$7.41
US$3.91
-47.2%
25.5%US$6.10US$2.88n/a13
Jan ’25US$7.41
US$4.20
-43.3%
25.0%US$6.10US$3.00n/a13
Dec ’24US$7.41
US$4.22
-43.0%
24.8%US$6.10US$3.00US$7.4113
Nov ’24US$7.41
US$4.27
-42.4%
24.6%US$6.10US$3.00US$7.4113
Oct ’24US$7.41
US$4.39
-40.7%
20.1%US$6.10US$3.30US$7.4112
Sep ’24US$7.41
US$4.49
-39.4%
19.7%US$6.10US$3.30US$7.4111
Aug ’24US$7.41
US$4.54
-38.8%
19.8%US$6.10US$3.30US$7.4111
Jul ’24US$7.41
US$4.95
-33.2%
14.7%US$6.50US$3.80US$7.4111
Jun ’24US$7.41
US$4.99
-32.7%
14.6%US$6.50US$3.80US$7.4111
May ’24US$7.41
US$5.06
-31.7%
14.8%US$6.50US$3.80US$7.4111
Apr ’24US$7.41
US$5.10
-31.2%
14.6%US$6.50US$3.80US$7.4111
Mar ’24US$7.41
US$5.18
-30.2%
16.3%US$6.60US$3.60US$7.4111
Feb ’24US$7.41
US$5.10
-31.1%
16.0%US$6.60US$3.60US$7.4111
Jan ’24US$7.41
US$5.27
-28.9%
20.8%US$7.30US$3.60US$7.4112
Dec ’23US$7.41
US$5.43
-26.7%
19.9%US$7.30US$3.60US$7.4112

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 05:55
End of Day Share Price 2024/12/18 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Hongkong Land Holdings Limited is covered by 32 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kwok Yi LouieBarclays
Andrew LawrenceBarclays
C WongBNP Paribas Securities (Asia)