Henderson Land Development
Market Cap
HK$169.7b
Last Updated
2021/05/16 10:09 UTC
Data Sources
Company Financials +
Executive Summary
Henderson Land Development Company Limited, an investment holding company, engages in the property development and investment activities in Hong Kong and Mainland China. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Henderson Land Development's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 12 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 12's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-1.5%
12
-3.8%
HK Real Estate
-1.9%
HK Market
1 Year Return
17.4%
12
4.7%
HK Real Estate
24.3%
HK Market
Return vs Industry: 12 exceeded the Hong Kong Real Estate industry which returned 4.7% over the past year.
Return vs Market: 12 underperformed the Hong Kong Market which returned 24.4% over the past year.
Shareholder returns
| 12 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.5% | -3.8% | -1.9% |
| 30 Day | -0.3% | -5.1% | -3.4% |
| 90 Day | 12.2% | 1.3% | -8.0% |
| 1 Year | 24.4%17.4% | 9.7%4.7% | 29.0%24.3% |
| 3 Year | -4.6%-16.6% | -10.7%-22.0% | 0.5%-10.0% |
| 5 Year | 39.4%14.4% | 61.4%28.6% | 58.6%31.9% |
Long-Term Price Volatility Vs. Market
How volatile is Henderson Land Development's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Henderson Land Development (HKG:12) Is Due To Pay A Dividend Of HK$1.302 weeks ago | Simply Wall St
Here's Why Henderson Land Development (HKG:12) Can Manage Its Debt Responsibly1 month ago | Simply Wall St
Calculating The Intrinsic Value Of Henderson Land Development Company Limited (HKG:12)Valuation
Is Henderson Land Development undervalued compared to its fair value and its price relative to the market?
12.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 12 (HK$35.05) is trading below our estimate of fair value (HK$39.83)
Significantly Below Fair Value: 12 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 12 is poor value based on its PE Ratio (16.6x) compared to the Hong Kong Real Estate industry average (7x).
PE vs Market: 12 is poor value based on its PE Ratio (16.6x) compared to the Hong Kong market (11.7x).
Price to Earnings Growth Ratio
PEG Ratio: 12 is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: 12's PB Ratio (0.5x) is in line with the HK Real Estate industry average.
Future Growth
How is Henderson Land Development forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
7.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 12's forecast earnings growth (7.2% per year) is above the savings rate (1.5%).
Earnings vs Market: 12's earnings (7.2% per year) are forecast to grow slower than the Hong Kong market (16.7% per year).
High Growth Earnings: 12's earnings are forecast to grow, but not significantly.
Revenue vs Market: 12's revenue (8.8% per year) is forecast to grow slower than the Hong Kong market (12.4% per year).
High Growth Revenue: 12's revenue (8.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 12's Return on Equity is forecast to be low in 3 years time (4.5%).
Past Performance
How has Henderson Land Development performed over the past 5 years?
-8.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 12 has high quality earnings.
Growing Profit Margin: 12's current net profit margins (40.7%) are lower than last year (70.1%).
Past Earnings Growth Analysis
Earnings Trend: 12's earnings have declined by 8.3% per year over the past 5 years.
Accelerating Growth: 12's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 12 had negative earnings growth (-39.9%) over the past year, making it difficult to compare to the Real Estate industry average (5.9%).
Return on Equity
High ROE: 12's Return on Equity (3.1%) is considered low.
Financial Health
How is Henderson Land Development's financial position?
Financial Position Analysis
Short Term Liabilities: 12's short term assets (HK$125.1B) exceed its short term liabilities (HK$54.7B).
Long Term Liabilities: 12's short term assets (HK$125.1B) exceed its long term liabilities (HK$74.2B).
Debt to Equity History and Analysis
Debt Level: 12's debt to equity ratio (29.1%) is considered satisfactory.
Reducing Debt: 12's debt to equity ratio has increased from 21% to 29.1% over the past 5 years.
Debt Coverage: 12's debt is not well covered by operating cash flow (7.3%).
Interest Coverage: 12's interest payments on its debt are well covered by EBIT (20.1x coverage).
Balance Sheet
Dividend
What is Henderson Land Development current dividend yield, its reliability and sustainability?
5.14%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 12's dividend (5.14%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.94%).
High Dividend: 12's dividend (5.14%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.03%).
Stability and Growth of Payments
Stable Dividend: 12's dividend payments have been volatile in the past 10 years.
Growing Dividend: 12's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (85.5%), 12's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 12's dividends in 3 years are forecast to be covered by earnings (59% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.5yrs
Average management tenure
CEO
Martin Lee (48 yo)
3yrs
Tenure
HK$23,183,000
Compensation
Mr. Ka-Shing Lee, also known as Martin, has been a Joint Chairmen of The Hong Kong and China Gas Company Limited since May 28, 2019. He has been Chairman and Managing Director of Henderson Land Development...
CEO Compensation Analysis
Compensation vs Market: Martin's total compensation ($USD2.99M) is above average for companies of similar size in the Hong Kong market ($USD853.80K).
Compensation vs Earnings: Martin's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: 12's management team is seasoned and experienced (8.5 years average tenure).
Board Members
Experienced Board: 12's board of directors are seasoned and experienced ( 18.3 years average tenure).
Ownership
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Henderson Land Development Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Henderson Land Development Company Limited
- Ticker: 12
- Exchange: SEHK
- Founded: 1976
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: HK$169.691b
- Shares outstanding: 4.84b
- Website: https://www.hld.com
Number of Employees
Location
- Henderson Land Development Company Limited
- Two International Finance Centre
- 72-76 Floors
- Central
- Hong Kong
Listings
Biography
Henderson Land Development Company Limited, an investment holding company, engages in the property development and investment activities in Hong Kong and Mainland China. The company operates through Proper...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/16 10:09 |
| End of Day Share Price | 2021/05/14 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.