OTCPK:HKHG.F

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Executive Summary

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally.


Snowflake Analysis

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has Hongkong Land Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HKHG.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

12.3%

HKHG.F

6.2%

US Real Estate

2.8%

US Market


1 Year Return

-38.7%

HKHG.F

-18.6%

US Real Estate

9.3%

US Market

Return vs Industry: HKHG.F underperformed the US Real Estate industry which returned -18% over the past year.

Return vs Market: HKHG.F underperformed the US Market which returned 9.9% over the past year.


Shareholder returns

HKHG.FIndustryMarket
7 Day12.3%6.2%2.8%
30 Day9.9%7.9%8.9%
90 Day-22.7%-28.5%-0.5%
1 Year-38.7%-38.7%-18.0%-18.6%11.8%9.3%
3 Year-45.2%-45.6%-21.0%-22.8%31.4%22.7%
5 Year-49.9%-52.1%-26.3%-28.5%58.7%40.9%

Price Volatility Vs. Market

How volatile is Hongkong Land Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Hongkong Land Holdings undervalued compared to its fair value and its price relative to the market?

47.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HKHG.F ($4.07) is trading above our estimate of fair value ($2.77)

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


Price To Earnings Ratio

PE vs Industry: HKHG.F is poor value based on its PE Ratio (48x) compared to the Real Estate industry average (14.8x).

PE vs Market: HKHG.F is poor value based on its PE Ratio (48x) compared to the US market (15.7x).


Price to Earnings Growth Ratio

PEG Ratio: HKHG.F is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: HKHG.F is good value based on its PB Ratio (0.2x) compared to the US Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Hongkong Land Holdings forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

31.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HKHG.F's forecast earnings growth (31.1% per year) is above the savings rate (2.2%).

Earnings vs Market: HKHG.F's earnings (31.1% per year) are forecast to grow faster than the US market (22% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HKHG.F's revenue (2.8% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: HKHG.F's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HKHG.F's Return on Equity is forecast to be low in 3 years time (2.7%).


Next Steps

Past Performance

How has Hongkong Land Holdings performed over the past 5 years?

2.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HKHG.F has a large one-off loss of $852.4M impacting its December 31 2019 financial results.

Growing Profit Margin: HKHG.F's current net profit margins (8.5%) are lower than last year (92.2%).


Past Earnings Growth Analysis

Earnings Trend: HKHG.F's earnings have grown by 2.3% per year over the past 5 years.

Accelerating Growth: HKHG.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HKHG.F had negative earnings growth (-91.9%) over the past year, making it difficult to compare to the Real Estate industry average (-6.4%).


Return on Equity

High ROE: HKHG.F's Return on Equity (0.5%) is considered low.


Next Steps

Financial Health

How is Hongkong Land Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: HKHG.F's short term assets ($4.6B) exceed its short term liabilities ($2.4B).

Long Term Liabilities: HKHG.F's short term assets ($4.6B) exceed its long term liabilities ($4.5B).


Debt to Equity History and Analysis

Debt Level: HKHG.F's debt to equity ratio (13.1%) is considered satisfactory.

Reducing Debt: HKHG.F's debt to equity ratio has reduced from 15.6% to 13.1% over the past 5 years.

Debt Coverage: HKHG.F's debt is well covered by operating cash flow (23.6%).

Interest Coverage: HKHG.F's interest payments on its debt are well covered by EBIT (10.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Hongkong Land Holdings's current dividend yield, its reliability and sustainability?

5.41%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HKHG.F's dividend (5.41%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: HKHG.F's dividend (5.41%) is in the top 25% of dividend payers in the US market (4.54%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (259.3%), HKHG.F's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HKHG.F's dividends in 3 years are forecast to be covered by earnings (50.5% payout ratio).


Next Steps

Management

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

4.2yrs

Average management tenure


CEO

Robert Wong (57yo)

3.83yrs

Tenure

Mr. Yau Chung Wong, also known as Robert, has been Chief Executive and Executive Director of Hongkong Land Holdings Limited since August 1, 2016. Mr. Wong has been Managing Director of The Hongkong Land Co ...


Leadership Team

NamePositionTenureCompensationOwnership
Benjamin William Keswick
Chairman & MD7.08yrsno datano data
Robert Wong
Chief Executive & Executive Director3.83yrsno datano data
Simon Collier Dixon
CFO & Executive Director4.17yrsno datano data
Jennifer Lam
Head of Marketing & Communications7.75yrsno datano data
Jonathan Lloyd
Company Secretary2.42yrsno datano data

4.2yrs

Average Tenure

47yo

Average Age

Experienced Management: HKHG.F's management team is considered experienced (4.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Benjamin William Keswick
Chairman & MD7.08yrsno datano data
Robert Wong
Chief Executive & Executive Director3.83yrsno datano data
Simon Collier Dixon
CFO & Executive Director4.17yrsno datano data
Edward Percy Keswick Weatherall
Director26.42yrsno datano data
Charles Powell
Director12yrsno datano data
Mark Spencer Greenberg
Director14yrsno datano data
Anthony John Liddell Nightingale
Director14.17yrsno data0.000090% $8.5k
James Arthur Watkins
Director11.08yrsno datano data
Adam Phillip Charles Keswick
Director8.17yrsno datano data
Yiu Kai Pang
Director13.17yrsno data0.0016% $154.8k

11.5yrs

Average Tenure

58yo

Average Age

Experienced Board: HKHG.F's board of directors are seasoned and experienced ( 11.5 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

Hongkong Land Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hongkong Land Holdings Limited
  • Ticker: HKHG.F
  • Exchange: OTCPK
  • Founded: 1889
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: US$9.499b
  • Shares outstanding: 2.33b
  • Website: https://www.hkland.com

Number of Employees


Location

  • Hongkong Land Holdings Limited
  • Jardine House
  • 33-35 Reid Street
  • Hamilton
  • HM EX
  • Bermuda

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HKHG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
HKLBLSE (London Stock Exchange)YesOrdinary SharesGBUSDJan 1992
HKLJLSE (London Stock Exchange)YesOrdinary SharesGBUSDJan 1992
HKLDLSE (London Stock Exchange)YesOrdinary SharesGBUSDJan 1992
H78SGX (Singapore Exchange)YesOrdinary SharesSGUSDJan 1992
HLHDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
HNGK.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDJun 2004

Biography

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail property primarily in Hong Kong, Singapore, Beijing, and Jakarta. The company also develops and sells residential properties. In addition, it is involved in hotel investment, finance, and project management businesses. The company was founded in 1889 and is based in Hamilton, Bermuda. Hongkong Land Holdings Limited is a subsidiary of Jardine Strategic Holdings Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 02:55
End of Day Share Price2020/06/01 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.