Hang Lung Properties Limited

SEHK:101 Stock Report

Market Cap: HK$32.8b

Hang Lung Properties Valuation

Is 101 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 101 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 101 (HK$6.64) is trading below our estimate of fair value (HK$8.49)

Significantly Below Fair Value: 101 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 101?

Other financial metrics that can be useful for relative valuation.

101 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/Revenue8.6x
Enterprise Value/EBITDA12.9x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does 101's PE Ratio compare to its peers?

The above table shows the PE ratio for 101 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.2x
2602 Onewo
13.1x13.6%HK$27.1b
6049 Poly Property Services
11.1x12.8%HK$16.8b
1972 Swire Properties
27.6x23.2%HK$74.4b
1997 Wharf Real Estate Investment
13.1x11.6%HK$63.6b
101 Hang Lung Properties
7.9x8.1%HK$32.8b

Price-To-Earnings vs Peers: 101 is good value based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (16.2x).


Price to Earnings Ratio vs Industry

How does 101's PE Ratio compare vs other companies in the HK Real Estate Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a13.8%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a13.8%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 101 is expensive based on its Price-To-Earnings Ratio (7.9x) compared to the Hong Kong Real Estate industry average (6.9x).


Price to Earnings Ratio vs Fair Ratio

What is 101'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.

101 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.9x
Fair PE Ratio10.4x

Price-To-Earnings vs Fair Ratio: 101 is good value based on its Price-To-Earnings Ratio (7.9x) compared to the estimated Fair Price-To-Earnings Ratio (10.4x).


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 101 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$6.64
HK$11.57
+74.2%
16.1%HK$14.00HK$8.00n/a15
Jun ’25HK$7.13
HK$11.57
+62.3%
16.1%HK$14.00HK$8.00n/a15
May ’25HK$8.71
HK$11.98
+37.5%
17.0%HK$16.80HK$8.00n/a15
Apr ’25HK$8.02
HK$12.08
+50.6%
15.4%HK$16.80HK$9.00n/a15
Mar ’25HK$8.48
HK$12.08
+42.4%
15.4%HK$16.80HK$9.00n/a15
Feb ’25HK$9.10
HK$12.52
+37.6%
15.4%HK$16.80HK$9.00n/a15
Jan ’25HK$10.88
HK$15.35
+41.1%
17.2%HK$19.60HK$10.00n/a15
Dec ’24HK$10.50
HK$15.39
+46.5%
16.8%HK$19.60HK$10.00n/a15
Nov ’24HK$10.50
HK$15.39
+46.5%
16.8%HK$19.60HK$10.00n/a15
Oct ’24HK$10.72
HK$16.09
+50.1%
13.2%HK$19.60HK$11.50n/a14
Sep ’24HK$10.48
HK$16.42
+56.6%
10.4%HK$19.60HK$14.00n/a14
Aug ’24HK$11.30
HK$16.49
+45.9%
9.8%HK$19.60HK$14.30n/a14
Jul ’24HK$12.10
HK$17.91
+48.0%
10.9%HK$22.00HK$15.00n/a14
Jun ’24HK$12.44
HK$18.16
+46.0%
10.4%HK$22.00HK$15.00HK$7.1314
May ’24HK$14.32
HK$18.68
+30.4%
9.7%HK$22.00HK$16.00HK$8.7113
Apr ’24HK$14.68
HK$18.72
+27.5%
9.7%HK$22.00HK$16.00HK$8.0213
Mar ’24HK$15.56
HK$18.77
+20.7%
9.4%HK$22.00HK$16.00HK$8.4814
Feb ’24HK$15.18
HK$19.24
+26.7%
14.1%HK$26.70HK$15.00HK$9.1015
Jan ’24HK$15.26
HK$18.49
+21.2%
19.8%HK$26.70HK$13.40HK$10.8815
Dec ’23HK$14.42
HK$18.63
+29.2%
19.6%HK$26.70HK$13.40HK$10.5015
Nov ’23HK$9.96
HK$19.41
+94.9%
16.5%HK$26.70HK$14.00HK$10.5015
Oct ’23HK$12.88
HK$20.11
+56.2%
12.8%HK$26.70HK$17.00HK$10.7214
Sep ’23HK$13.16
HK$20.19
+53.4%
12.4%HK$26.70HK$17.10HK$10.4814
Aug ’23HK$13.48
HK$20.19
+49.7%
12.4%HK$26.70HK$17.10HK$11.3014
Jul ’23HK$14.88
HK$22.08
+48.4%
12.8%HK$26.70HK$18.00HK$12.1014
Jun ’23HK$14.56
HK$22.15
+52.1%
12.3%HK$26.70HK$18.00HK$12.4414

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


Discover undervalued companies

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.