Hang Lung Group Limited, an investment holding company, operates as a property developer in Hong Kong and Mainland China. More Details
Fair value with mediocre balance sheet.
Share Price & News
How has Hang Lung Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 10 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 10's weekly volatility (4%) has been stable over the past year.
7 Day Return
HK Real Estate
1 Year Return
HK Real Estate
Return vs Industry: 10 exceeded the Hong Kong Real Estate industry which returned -5.6% over the past year.
Return vs Market: 10 underperformed the Hong Kong Market which returned 11.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Hang Lung Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs Hang Lung Group Limited (HKG:10) A Smart Pick For Income Investors?
3 weeks ago | Simply Wall StWe're Not So Sure You Should Rely on Hang Lung Group's (HKG:10) Statutory Earnings
1 month ago | Simply Wall StWhat Kind Of Shareholders Hold The Majority In Hang Lung Group Limited's (HKG:10) Shares?
Is Hang Lung Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 10 (HK$19.14) is trading below our estimate of fair value (HK$29.42)
Significantly Below Fair Value: 10 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 10 is poor value based on its PE Ratio (17.2x) compared to the HK Real Estate industry average (8.7x).
PE vs Market: 10 is poor value based on its PE Ratio (17.2x) compared to the Hong Kong market (11.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 10's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 10 is good value based on its PB Ratio (0.3x) compared to the HK Real Estate industry average (0.4x).
How is Hang Lung Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hang Lung Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Hang Lung Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Hang Lung Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Hang Lung Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 10 has a large one-off gain of HK$3.8B impacting its June 30 2020 financial results.
Growing Profit Margin: 10's current net profit margins (16.3%) are lower than last year (63.8%).
Past Earnings Growth Analysis
Earnings Trend: 10's earnings have grown by 4% per year over the past 5 years.
Accelerating Growth: 10's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 10 had negative earnings growth (-74.6%) over the past year, making it difficult to compare to the Real Estate industry average (1.9%).
Return on Equity
High ROE: 10's Return on Equity (3.1%) is considered low.
How is Hang Lung Group's financial position?
Financial Position Analysis
Short Term Liabilities: 10's short term assets (HK$12.4B) do not cover its short term liabilities (HK$14.6B).
Long Term Liabilities: 10's short term assets (HK$12.4B) do not cover its long term liabilities (HK$41.2B).
Debt to Equity History and Analysis
Debt Level: 10's debt to equity ratio (22.4%) is considered satisfactory.
Reducing Debt: 10's debt to equity ratio has reduced from 27.1% to 22.4% over the past 5 years.
Debt Coverage: 10's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: 10 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Hang Lung Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 10's dividend (4.28%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.21%).
High Dividend: 10's dividend (4.28%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.57%).
Stability and Growth of Payments
Stable Dividend: 10's dividend payments have been volatile in the past 10 years.
Growing Dividend: 10's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (73.8%), 10's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Weber Lo (49 yo)
Mr. Wai Pak Lo, also known as Weber, has been an Executive Director of Hang Lung Group Limited and Hang Lung Properties Limited since joining in May 16, 2018. Mr. Lo served as Chairman of Citibank (China) ...
CEO Compensation Analysis
Compensation vs Market: Weber's total compensation ($USD4.76M) is above average for companies of similar size in the Hong Kong market ($USD659.21K).
Compensation vs Earnings: Weber's compensation has been consistent with company performance over the past year.
|Executive Chairman of the Board||29.83yrs||HK$43.00m||0.87% |
|CEO & Executive Director||2.33yrs||HK$36.90m||no data|
|Vice Chair of the Board||0.17yr||HK$12.60m||no data|
|CFO & Executive Director||10.17yrs||HK$11.40m||no data|
|Independent Non-Executive Director||22.33yrs||HK$1.20m||no data|
|Non-Executive Director||5.67yrs||HK$900.00k||no data|
|Non-Executive Director||34.83yrs||HK$700.00k||no data|
|Independent Non-Executive Director||6yrs||HK$900.00k||no data|
|Independent Non-Executive Director||5.67yrs||HK$1.10m||no data|
|Independent Non-Executive Director||6yrs||HK$900.00k||no data|
|Non-Executive Director||5.17yrs||HK$700.00k||no data|
Experienced Board: 10's board of directors are considered experienced (6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hang Lung Group Limited's company bio, employee growth, exchange listings and data sources
- Name: Hang Lung Group Limited
- Ticker: 10
- Exchange: SEHK
- Founded: 1960
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: HK$26.061b
- Shares outstanding: 1.36b
- Website: https://www.hanglung.com/en-US/group/home
Number of Employees
- Hang Lung Group Limited
- Standard Chartered Bank Building
- 28th Floor
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HLU||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|10||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
|HNLG.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|10||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
|10||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
|HNLG.Y||OTCPK (Pink Sheets LLC)||SPONSORED ADR||US||USD||Jun 1992|
Hang Lung Group Limited, an investment holding company, operates as a property developer in Hong Kong and Mainland China. The company operates through four segments: Property Leasing in Mainland China, Pro...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/28 10:19|
|End of Day Share Price||2020/11/27 00:00|
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.