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12

Henderson Land Development SEHK:12 Stock Report

Last Price

HK$32.55

Market Cap

HK$157.3b

7D

0.5%

1Y

-10.9%

Updated

25 May, 2022

Data

Company Financials +
12 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance4/6
Financial Health3/6
Dividends4/6

12 Stock Overview

Henderson Land Development Company Limited, an investment holding company, engages in the property development and investment activities in Hong Kong and Mainland China.

Henderson Land Development Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Henderson Land Development
Historical stock prices
Current Share PriceHK$32.55
52 Week HighHK$38.85
52 Week LowHK$28.00
Beta0.96
1 Month Change-0.76%
3 Month Change-0.15%
1 Year Change-10.94%
3 Year Change-26.78%
5 Year Change-13.95%
Change since IPO948.44%

Recent News & Updates

Apr 27
Henderson Land Development (HKG:12) Will Pay A Dividend Of HK$1.30

Henderson Land Development (HKG:12) Will Pay A Dividend Of HK$1.30

Henderson Land Development Company Limited's ( HKG:12 ) investors are due to receive a payment of HK$1.30 per share on...

Apr 08
Henderson Land Development (HKG:12) Has Announced A Dividend Of HK$1.30

Henderson Land Development (HKG:12) Has Announced A Dividend Of HK$1.30

The board of Henderson Land Development Company Limited ( HKG:12 ) has announced that it will pay a dividend of HK$1.30...

Mar 25
Henderson Land Development (HKG:12) Will Pay A Dividend Of HK$1.30

Henderson Land Development (HKG:12) Will Pay A Dividend Of HK$1.30

The board of Henderson Land Development Company Limited ( HKG:12 ) has announced that it will pay a dividend of HK$1.30...

Mar 24
Revenue Miss: Henderson Land Development Company Limited Fell 15% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Revenue Miss: Henderson Land Development Company Limited Fell 15% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

The analysts might have been a bit too bullish on Henderson Land Development Company Limited ( HKG:12 ), given that the...

Shareholder Returns

12HK Real EstateHK Market
7D0.5%-1.2%-1.0%
1Y-10.9%-35.6%-26.1%

Return vs Industry: 12 exceeded the Hong Kong Real Estate industry which returned -35.6% over the past year.

Return vs Market: 12 exceeded the Hong Kong Market which returned -26.1% over the past year.

Price Volatility

Is 12's price volatile compared to industry and market?
12 volatility
12 Average Weekly Movement3.8%
Real Estate Industry Average Movement7.4%
Market Average Movement8.0%
10% most volatile stocks in HK Market15.1%
10% least volatile stocks in HK Market3.9%

Stable Share Price: 12 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 12's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197610,059Martin Leehttps://www.hld.com

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 Property Development, Property Leasing, Department Stores and Supermarket-Cum-Stores Operations, Other Businesses, and Utility and Energy segments. The Property Development segment develops and sells real estate properties.

Henderson Land Development Fundamentals Summary

How do Henderson Land Development's earnings and revenue compare to its market cap?
12 fundamental statistics
Market CapHK$157.35b
Earnings (TTM)HK$13.20b
Revenue (TTM)HK$23.53b

11.9x

P/E Ratio

6.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
12 income statement (TTM)
RevenueHK$23.53b
Cost of RevenueHK$11.37b
Gross ProfitHK$12.16b
Other Expenses-HK$1.04b
EarningsHK$13.20b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.73
Gross Margin51.68%
Net Profit Margin56.08%
Debt/Equity Ratio45.1%

How did 12 perform over the long term?

See historical performance and comparison

Dividends

5.5%

Current Dividend Yield

66%

Payout Ratio

Does 12 pay a reliable dividends?

See 12 dividend history and benchmarks
When do you need to buy 12 by to receive an upcoming dividend?
Henderson Land Development dividend dates
Ex Dividend DateJun 06 2022
Dividend Pay DateJun 21 2022
Days until Ex dividend11 days
Days until Dividend pay date26 days

Does 12 pay a reliable dividends?

See 12 dividend history and benchmarks

Valuation

Is Henderson Land Development undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


11.94x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: 12 (HK$32.55) is trading above our estimate of fair value (HK$27.95)

Significantly Below Fair Value: 12 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 12 is poor value based on its Price-To-Earnings Ratio (11.9x) compared to the Hong Kong Real Estate industry average (6.4x).

PE vs Market: 12 is poor value based on its Price-To-Earnings Ratio (11.9x) compared to the Hong Kong market (8.7x).


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 is overvalued based on its Price-To-Book Ratio (0.5x) compared to the HK Real Estate industry average (0.3x).


Future Growth

How is Henderson Land Development forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 12's forecast earnings growth (5.1% per year) is above the savings rate (1.5%).

Earnings vs Market: 12's earnings (5.1% per year) are forecast to grow slower than the Hong Kong market (16.1% per year).

High Growth Earnings: 12's earnings are forecast to grow, but not significantly.

Revenue vs Market: 12's revenue (14.9% per year) is forecast to grow faster than the Hong Kong market (9.8% per year).

High Growth Revenue: 12's revenue (14.9% 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?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-19.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 12 has high quality earnings.

Growing Profit Margin: 12's current net profit margins (56.1%) are higher than last year (40.7%).


Past Earnings Growth Analysis

Earnings Trend: 12's earnings have declined by 19.3% per year over the past 5 years.

Accelerating Growth: 12's earnings growth over the past year (29.5%) exceeds its 5-year average (-19.3% per year).

Earnings vs Industry: 12 earnings growth over the past year (29.5%) exceeded the Real Estate industry 14.7%.


Return on Equity

High ROE: 12's Return on Equity (3.8%) is considered low.


Financial Health

How is Henderson Land Development's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 12's short term assets (HK$139.2B) exceed its short term liabilities (HK$63.2B).

Long Term Liabilities: 12's short term assets (HK$139.2B) exceed its long term liabilities (HK$134.9B).


Debt to Equity History and Analysis

Debt Level: 12's net debt to equity ratio (41.9%) is considered high.

Reducing Debt: 12's debt to equity ratio has increased from 21.5% to 45.1% over the past 5 years.

Debt Coverage: 12's debt is not well covered by operating cash flow (0.4%).

Interest Coverage: 12's interest payments on its debt are well covered by EBIT (74.2x coverage).


Balance Sheet


Dividend

What is Henderson Land Development current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.53%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 25 2022Ex Dividend DateJun 06 2022Dividend Pay DateJun 21 202215 days from Ex DividendBuy in the next 11 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 12's dividend (5.53%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.89%).

High Dividend: 12's dividend (5.53%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.84%).


Stability and Growth of Payments

Stable Dividend: 12's dividends per share have been stable in the past 10 years.

Growing Dividend: 12's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (66%), 12's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (1272.2%), 12's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

9.5yrs

Average management tenure


CEO

Martin Lee (49 yo)

4yrs

Tenure

HK$23,198,000

Compensation

Dr. Ka-Shing Lee, also known as Martin, GBS, JP, DSSc (Hon), has been a Joint Chairman of The Hong Kong and China Gas Company Limited since May 28, 2019. He has been Chairman and Managing Director of Hende...


CEO Compensation Analysis

Compensation vs Market: Martin's total compensation ($USD2.96M) is above average for companies of similar size in the Hong Kong market ($USD1.01M).

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 (9.5 years average tenure).


Board Members

Experienced Board: 12's board of directors are seasoned and experienced ( 26.9 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 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
  • Implied Market Cap: HK$157.345b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/25 00:00
End of Day Share Price2022/05/25 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.