How does 10's PE Ratio compare to its peers?

10 is good value based on its Price-To-Earnings Ratio (7.1x) compared to the peer average (11.3x).

How does 10's PE Ratio compare vs other companies in the HK Real Estate Industry?

10 is expensive based on its Price-To-Earnings Ratio (7.1x) compared to the Hong Kong Real Estate industry average (7.1x).

What is 10's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate 10's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of 10 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

10 (HK$10.56) is trading below our estimate of [[fair value]] (HK$22.46)

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

Insufficient data to show price forecast.

10 Stock Overview

An investment holding company, operates as a property developer in Hong Kong and the Mainland of China. More details

10 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	1/6
Financial Health	3/6
Dividends	6/6

Rewards

Trading at 53% below our estimate of its fair value

Pays a high and reliable dividend of 8.14%

Risk Analysis

Earnings have declined by 12.2% per year over past 5 years

Profit margins (16.9%) are lower than last year (27.2%)

My Notes

Capture your thoughts, links and company narrative

Hang Lung Group Limited Competitors

Poly Property Services

SEHK:6049

HK$16.2b

Greentown Service Group

SEHK:2869

HK$11.9b

Onewo

SEHK:2602

HK$23.5b

Evergrande Property Services Group

SEHK:6666

HK$8.0b

Price History & Performance

Summary of share price highs, lows and changes for Hang Lung Group
Historical stock prices
Current Share Price	HK$10.56
52 Week High	HK$11.68
52 Week Low	HK$8.06
Beta	0.71
1 Month Change	5.60%
3 Month Change	0.57%
1 Year Change	-0.75%
3 Year Change	-35.45%
5 Year Change	-47.59%
Change since IPO	29.57%

Investors Can Find Comfort In Hang Lung Group's (HKG:10) Earnings Quality

Sep 19

Recent updates

These 4 Measures Indicate That Hang Lung Group (HKG:10) Is Using Debt Extensively

May 29

Hang Lung Group (HKG:10) Is Due To Pay A Dividend Of HK$0.65

Apr 04

Hang Lung Group (HKG:10) Is Paying Out A Dividend Of HK$0.65

Feb 02

Does Hang Lung Group (HKG:10) Have A Healthy Balance Sheet?

Sep 26

Hang Lung Group (HKG:10) Is Due To Pay A Dividend Of HK$0.21

Aug 01

Calculating The Intrinsic Value Of Hang Lung Group Limited (HKG:10)

May 16

Does Hang Lung Group (HKG:10) Have A Healthy Balance Sheet?

Mar 24

Is Hang Lung Group (HKG:10) A Risky Investment?

Dec 17

Calculating The Fair Value Of Hang Lung Group Limited (HKG:10)

Jun 10

Shareholders May Be Wary Of Increasing Hang Lung Group Limited's (HKG:10) CEO Compensation Package

Apr 24

These 4 Measures Indicate That Hang Lung Group (HKG:10) Is Using Debt Extensively

Mar 15

Are Dividend Investors Making A Mistake With Hang Lung Group Limited (HKG:10)?

Feb 22

What Kind Of Investors Own Most Of Hang Lung Group Limited (HKG:10)?

Jan 27

Would Shareholders Who Purchased Hang Lung Group's (HKG:10) Stock Three Years Be Happy With The Share price Today?

Jan 08

How Much Are Hang Lung Group Limited (HKG:10) Insiders Spending On Buying Shares?

Dec 20

Is Hang Lung Group (HKG:10) A Risky Investment?

Dec 05

Is Hang Lung Group Limited (HKG:10) A Smart Pick For Income Investors?

Nov 20

Shareholder Returns

	10	HK Real Estate	HK Market
7D	0.8%	1.8%	2.1%
1Y	-0.8%	-12.0%	17.6%

Return vs Industry: 10 exceeded the Hong Kong Real Estate industry which returned -12% over the past year.

Return vs Market: 10 underperformed the Hong Kong Market which returned 17.6% over the past year.

Price Volatility

Is 10's price volatile compared to industry and market?
10 volatility
10 Average Weekly Movement	4.5%
Real Estate Industry Average Movement	9.6%
Market Average Movement	8.6%
10% most volatile stocks in HK Market	18.6%
10% least volatile stocks in HK Market	3.9%

Stable Share Price: 10 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 10's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1960	4,141	Weber Lo	www.hanglung.com

Hang Lung Group Limited, an investment holding company, operates as a property developer in Hong Kong and the Mainland of China. The company operates through Property Leasing and Property Sales segments. It develops properties for sale and lease, such as large-scale commercial, office, and residential developments.

Hang Lung Group Limited Fundamentals Summary

How do Hang Lung Group's earnings and revenue compare to its market cap?
10 fundamental statistics
Market cap	HK$14.38b
Earnings (TTM)	HK$2.02b
Revenue (TTM)	HK$11.92b

7.1x

P/E Ratio

1.2x

P/S Ratio

Is 10 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
10 income statement (TTM)
Revenue	HK$11.92b
Cost of Revenue	HK$4.36b
Gross Profit	HK$7.56b
Other Expenses	HK$5.55b
Earnings	HK$2.02b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.48
Gross Margin	63.42%
Net Profit Margin	16.92%
Debt/Equity Ratio	34.9%

How did 10 perform over the long term?

See historical performance and comparison

Dividends

8.1%

Current Dividend Yield

58%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 23:49
End of Day Share Price	2024/12/30 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Hang Lung Group Limited is covered by 9 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Andrew Lawrence	Barclays
Manfred Ho	BOCI Research Ltd.
Cusson Leung	Credit Suisse

10 Stock Overview

Rewards

Risk Analysis

Hang Lung Group Limited Competitors

SEHK:6049

HK$16.2b

SEHK:2869

HK$11.9b

SEHK:2602

HK$23.5b

SEHK:6666

HK$8.0b

Price History & Performance

Recent News & Updates

Investor sentiment improves as stock rises 17%

Investors Can Find Comfort In Hang Lung Group's (HKG:10) Earnings Quality

First half 2024 earnings released: EPS: HK$0.65 (vs HK$1.24 in 1H 2023)

Executive Chair of the Board recently bought HK$504k worth of stock

Executive Chair of the Board recently bought HK$334k worth of stock

Upcoming dividend of HK$0.21 per share

Recent updates

Investor sentiment improves as stock rises 17%

Investors Can Find Comfort In Hang Lung Group's (HKG:10) Earnings Quality

First half 2024 earnings released: EPS: HK$0.65 (vs HK$1.24 in 1H 2023)

Executive Chair of the Board recently bought HK$504k worth of stock

Executive Chair of the Board recently bought HK$334k worth of stock

Upcoming dividend of HK$0.21 per share

First half 2024 earnings released: EPS: HK$0.65 (vs HK$1.24 in 1H 2023)

Hang Lung Group Limited to Report First Half, 2024 Results on Jul 30, 2024

Hang Lung Group Limited Announces Audit Committee Changes, Effective July 1, 2024

Upcoming dividend of HK$0.65 per share

Full year 2023 earnings released: EPS: HK$2.06 (vs HK$2.00 in FY 2022)

Hang Lung Group (HKG:10) Takes On Some Risk With Its Use Of Debt

Executive Vice Chair of the Board recently bought HK$941k worth of stock

Hang Lung Group (HKG:10) Is Due To Pay A Dividend Of HK$0.65

Final dividend of HK$0.65 announced

Full year 2023 earnings released: EPS: HK$2.06 (vs HK$2.00 in FY 2022)

Hang Lung Properties Limited and Hang Lung Group Limited Announce Retirement of Mr. Ronnie Chichung Chan as the Chair, an Executive Director, and the Chair of Executive Committees, with Effect from April 26, 2024

Hang Lung Group Limited Appoints Ms. May Siew Boi Tan as an Independent Non-Executive Director, with Effect from March 20, 2024

Hang Lung Group Limited to Report Fiscal Year 2023 Results on Jan 30, 2024

Investors Continue Waiting On Sidelines For Hang Lung Group Limited (HKG:10)

Hang Lung Group (HKG:10) Takes On Some Risk With Its Use Of Debt

Hang Lung Group (HKG:10) Has Announced A Dividend Of HK$0.21

Upcoming dividend of HK$0.21 per share at 7.8% yield

Hang Lung Group (HKG:10) Is Paying Out A Dividend Of HK$0.21

CEO & Executive Director recently bought HK$542k worth of stock

Hang Lung Group (HKG:10) Will Pay A Dividend Of HK$0.21

First half 2023 earnings released: EPS: HK$1.24 (vs HK$1.06 in 1H 2022)

Hang Lung Group Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 29 September 2023

Hang Lung Group Limited to Report First Half, 2023 Results on Jul 31, 2023

These 4 Measures Indicate That Hang Lung Group (HKG:10) Is Using Debt Extensively

Upcoming dividend of HK$0.65 per share at 6.3% yield

Full year 2022 earnings released: EPS: HK$2.00 (vs HK$1.90 in FY 2021)

Hang Lung Group (HKG:10) Is Due To Pay A Dividend Of HK$0.65

Hang Lung Group (HKG:10) Is Paying Out A Dividend Of HK$0.65

Hang Lung Group Limited Proposes Final Dividend for the Year Ended 31 December 2022, Payable on 19 May 2023

Full year 2022 earnings released: EPS: HK$2.00 (vs HK$1.90 in FY 2021)

Less than half of directors are independent

Does Hang Lung Group (HKG:10) Have A Healthy Balance Sheet?

First half 2022 earnings released: EPS: HK$1.06 (vs HK$1.11 in 1H 2021)

Upcoming dividend of HK$0.21 per share

CEO & Executive Director recently bought HK$678k worth of stock

Hang Lung Group (HKG:10) Is Due To Pay A Dividend Of HK$0.21

Hang Lung Group Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on 29 September 2022

First half 2022 earnings released

Hang Lung Group Limited to Report First Half, 2022 Results on Jul 28, 2022

Calculating The Intrinsic Value Of Hang Lung Group Limited (HKG:10)

Hang Lung Group Limited Approves Final Dividend

Less than half of directors are independent

Does Hang Lung Group (HKG:10) Have A Healthy Balance Sheet?

Now 20% undervalued after recent price drop

Hang Lung Group Limited Proposes Final Dividend for the Year Ended December 31, 2021, Payable on May 19, 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

Hang Lung Group Limited, Annual General Meeting, Apr 27, 2022

Is Hang Lung Group (HKG:10) A Risky Investment?

First half 2021 earnings released: EPS HK$1.11 (vs HK$1.17 loss in 1H 2020)

CEO & Executive Director recently bought HK$2.8m worth of stock

Upcoming dividend of HK$0.21 per share

CFO & Executive Director recently bought HK$562k worth of stock

CFO & Executive Director recently bought HK$417k worth of stock