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Hongkong Land Holdings

OTCPK:HKHG.F
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HKHG.F
OTCPK
$16B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of real estate properties in Greater China, Southeast Asia, and internationally. The last earnings update was 49 days ago. More info.


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HKHG.F Share Price and Events
7 Day Returns
-2.7%
OTCPK:HKHG.F
-0.8%
US Real Estate
0.2%
US Market
1 Year Returns
-5.6%
OTCPK:HKHG.F
-16.5%
US Real Estate
2.9%
US Market
HKHG.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hongkong Land Holdings (HKHG.F) -2.7% -7.7% -7% -5.6% 11.4% -4.6%
US Real Estate -0.8% -6.9% -9.9% -16.5% 14.5% 1%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • HKHG.F outperformed the Real Estate industry which returned -16.5% over the past year.
  • HKHG.F underperformed the Market in United States of America which returned 2.9% over the past year.
Price Volatility
HKHG.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Hongkong Land Holdings's competitors could be found in our database.

HKHG.F Value

 Is Hongkong Land Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hongkong Land Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hongkong Land Holdings.

OTCPK:HKHG.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:HKHG.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.108 (1 + (1- 21%) (31.35%))
1.256
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.256 * 5.96%)
10.22%

Discounted Cash Flow Calculation for OTCPK:HKHG.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hongkong Land Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:HKHG.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.22%)
2019 1,173.67 Analyst x3 1,064.88
2020 778.00 Analyst x3 640.46
2021 901.50 Analyst x2 673.34
2022 974.54 Est @ 8.1% 660.43
2023 1,037.80 Est @ 6.49% 638.11
2024 1,093.45 Est @ 5.36% 610.01
2025 1,143.45 Est @ 4.57% 578.78
2026 1,189.42 Est @ 4.02% 546.24
2027 1,232.63 Est @ 3.63% 513.62
2028 1,274.07 Est @ 3.36% 481.68
Present value of next 10 years cash flows $6,407.54
OTCPK:HKHG.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,274.07 × (1 + 2.73%) ÷ (10.22% – 2.73%)
$17,484.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $17,484.50 ÷ (1 + 10.22%)10
$6,610.21
OTCPK:HKHG.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6,407.54 + $6,610.21
$13,017.74
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $13,017.74 / 2,333.93
$5.58
OTCPK:HKHG.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:HKHG.F represents 0.99889x of SGX:H78
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99889x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 5.58 x 0.99889
$5.57
Value per share (USD) From above. $5.57
Current discount Discount to share price of $6.74
= -1 x ($6.74 - $5.57) / $5.57
-21%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hongkong Land Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hongkong Land Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hongkong Land Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:HKHG.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.05
SGX:H78 Share Price ** SGX (2019-05-23) in USD $6.75
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.11x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hongkong Land Holdings.

OTCPK:HKHG.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:H78 Share Price ÷ EPS (both in USD)

= 6.75 ÷ 1.05

6.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hongkong Land Holdings is good value based on earnings compared to the US Real Estate industry average.
  • Hongkong Land Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Hongkong Land Holdings's expected growth come at a high price?
Raw Data
OTCPK:HKHG.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
-27.2%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.45x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

OTCPK:HKHG.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.43x ÷ -27.2%

-0.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hongkong Land Holdings earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hongkong Land Holdings's assets?
Raw Data
OTCPK:HKHG.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $16.43
SGX:H78 Share Price * SGX (2019-05-23) in USD $6.75
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.51x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
OTCPK:HKHG.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:H78 Share Price ÷ Book Value per Share (both in USD)

= 6.75 ÷ 16.43

0.41x

* Primary Listing of Hongkong Land Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hongkong Land Holdings is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Hongkong Land Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Hongkong Land Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HKHG.F Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-27.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hongkong Land Holdings expected to grow at an attractive rate?
  • Hongkong Land Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Hongkong Land Holdings's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Hongkong Land Holdings's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:HKHG.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:HKHG.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts -27.2%
OTCPK:HKHG.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts -0.8%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 4.3%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:HKHG.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:HKHG.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,849 1,342 1,207 7
2020-12-31 2,003 988 1,143 12
2019-12-31 2,215 1,312 1,069 10
OTCPK:HKHG.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,665 604 2,457
2018-09-30 2,491 502 3,041
2018-06-30 2,660 400 3,596
2018-03-31 2,310 600 4,591
2017-12-31 1,616 800 5,614
2017-09-30 1,753 1,001 5,386
2017-06-30 2,027 1,202 5,197
2017-03-31 2,011 1,149 4,272
2016-12-31 1,994 1,096 3,346
2016-09-30 1,902 1,130 3,054
2016-06-30 1,810 1,163 2,762
2016-03-31 1,871 1,030 2,387

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hongkong Land Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Hongkong Land Holdings's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:HKHG.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Hongkong Land Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HKHG.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.52 0.55 0.47 3.00
2020-12-31 0.49 0.53 0.45 6.00
2019-12-31 0.46 0.48 0.44 6.00
OTCPK:HKHG.F Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.05
2018-09-30 1.30
2018-06-30 1.53
2018-03-31 1.95
2017-12-31 2.39
2017-09-30 2.29
2017-06-30 2.21
2017-03-31 1.82
2016-12-31 1.42
2016-09-30 1.30
2016-06-30 1.17
2016-03-31 1.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hongkong Land Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hongkong Land Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hongkong Land Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HKHG.F Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hongkong Land Holdings's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hongkong Land Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Hongkong Land Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Hongkong Land Holdings's 1-year earnings growth is negative, it can't be compared to the US Real Estate industry average.
Earnings and Revenue History
Hongkong Land Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hongkong Land Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HKHG.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,665.40 2,457.10 174.30
2018-09-30 2,490.70 3,040.60 163.25
2018-06-30 2,659.70 3,595.60 152.20
2018-03-31 2,309.75 4,590.50 143.95
2017-12-31 1,616.10 5,613.90 135.70
2017-09-30 1,753.10 5,385.70 129.40
2017-06-30 2,027.10 5,197.10 123.10
2017-03-31 2,010.50 4,271.70 117.55
2016-12-31 1,993.90 3,346.30 112.00
2016-09-30 1,901.85 3,054.35 108.75
2016-06-30 1,809.80 2,762.40 105.50
2016-03-31 1,870.95 2,387.05 106.20
2015-12-31 1,932.10 2,011.70 106.90
2015-09-30 2,055.65 1,644.65 108.05
2015-06-30 2,179.20 1,277.60 109.20
2015-03-31 2,027.75 1,302.50 107.15
2014-12-31 1,876.30 1,327.40 105.10
2014-09-30 1,711.80 1,240.55 101.45
2014-06-30 1,547.30 1,153.70 97.80
2014-03-31 1,702.20 1,171.65 95.75
2013-12-31 1,857.10 1,189.60 93.70
2013-09-30 1,702.75 1,300.10 92.75
2013-06-30 1,548.40 1,410.60 91.80
2013-03-31 1,331.60 1,424.15 88.70
2012-12-31 1,114.80 1,437.70 85.60
2012-09-30 1,031.10 1,782.80 82.80
2012-06-30 947.40 2,127.40 80.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hongkong Land Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hongkong Land Holdings used its assets more efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Hongkong Land Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hongkong Land Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hongkong Land Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HKHG.F Health

 How is Hongkong Land Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hongkong Land Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hongkong Land Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hongkong Land Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hongkong Land Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hongkong Land Holdings Company Filings, last reported 4 months ago.

OTCPK:HKHG.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 38,369.50 4,939.00 1,375.20
2018-09-30 38,369.50 4,939.00 1,375.20
2018-06-30 37,317.70 4,894.10 1,769.30
2018-03-31 37,317.70 4,894.10 1,769.30
2017-12-31 36,876.50 4,170.90 1,622.10
2017-09-30 36,808.40 4,170.90 1,622.10
2017-06-30 34,253.40 3,783.80 1,902.00
2017-03-31 34,253.40 3,783.80 1,902.00
2016-12-31 31,314.40 3,916.40 1,908.90
2016-09-30 31,314.40 3,916.40 1,908.90
2016-06-30 29,773.90 3,881.80 1,560.30
2016-03-31 29,773.90 3,881.80 1,560.30
2015-12-31 28,720.40 3,909.70 1,569.20
2015-09-30 28,720.40 3,909.70 1,569.20
2015-06-30 27,724.90 4,281.70 1,707.10
2015-03-31 27,724.90 4,281.70 1,707.10
2014-12-31 27,598.40 4,319.60 1,662.60
2014-09-30 27,598.40 4,319.60 1,662.60
2014-06-30 27,164.40 4,571.40 1,348.50
2014-03-31 27,164.40 4,571.40 1,348.50
2013-12-31 26,899.10 4,431.50 1,406.30
2013-09-30 26,899.10 4,431.50 1,406.30
2013-06-30 26,425.20 4,362.10 1,046.50
2013-03-31 26,425.20 4,362.10 1,046.50
2012-12-31 26,184.40 4,255.50 982.10
2012-09-30 26,184.40 4,255.50 982.10
2012-06-30 25,275.90 3,963.30 815.50
  • Hongkong Land Holdings's level of debt (12.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (16.5% vs 12.9% today).
  • Debt is not well covered by operating cash flow (12.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.9x coverage).
X
Financial health checks
We assess Hongkong Land Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hongkong Land Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HKHG.F Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.26%
Current annual income from Hongkong Land Holdings dividends. Estimated to be 3.5% next year.
If you bought $2,000 of Hongkong Land Holdings shares you are expected to receive $65 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hongkong Land Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Hongkong Land Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:HKHG.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:HKHG.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.25 9.00
2020-12-31 0.24 14.00
2019-12-31 0.23 13.00
OTCPK:HKHG.F Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-04 0.220 3.141
2019-02-28 0.220 3.009
2018-09-26 0.200 3.054
2018-05-02 0.200 2.819
2017-10-04 0.190 2.661
2017-04-26 0.190 2.534
2016-04-27 0.190 2.883
2015-03-06 0.190 2.686
2014-04-29 0.180 2.581
2013-08-01 0.170 2.695
2013-03-07 0.170 2.415
2012-07-27 0.160 2.406
2012-04-11 0.160 2.733
2012-03-01 0.160 2.801
2011-03-03 0.160 2.784
2010-03-04 0.160 2.761
2010-03-01 0.160 3.402
2009-08-06 0.130 2.892

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Hongkong Land Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Hongkong Land Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hongkong Land Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hongkong Land Holdings has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HKHG.F Management

 What is the CEO of Hongkong Land Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Robert Wong
AGE 56
TENURE AS CEO 2.8 years
CEO Bio

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 Company, Limited since August 2016. He continues to oversee Hongkong Land's residential division. He has been an Executive Director of Hongkong Land Limited. since 1996 and has responsible focus upon identifying and managing all residential investments in Hong Kong and Asia. He joined the Group in 1985 and has extensive experience in property management and development. Mr. Wong joined Hongkong Land in 1985 and held various posts in Property Management, Office Leasing, Development and Projects. He serves as Director of The Hongkong Land Company, Limited. He serves as Director of The Hongkong Land Notes Company Limited, The Hongkong Land Finance (Cayman Islands) Company Limited and The Hongkong Land Treasury Services (Singapore) Pte. Ltd. Mr. Wong has been a Non-Executive Director of MCL Land Limited since February 17, 2006. He is a part-time member of the Central Policy Unit at The Government of Hong Kong Special Administrative Region and Joint Chairman of Property and Infrastructure Committee of The Hong Kong General Chamber of Commerce. He is an Associate member of both The Royal Institute of Chartered Surveyors and The Hong Kong Institute of Surveyors. Mr. Wong graduated from The Hong Kong Polytechnic with a professional qualification in surveying.

CEO Compensation
  • Insufficient data for Robert to compare compensation growth.
  • Insufficient data for Robert to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Hongkong Land Holdings management team in years:

3.1
Average Tenure
56
Average Age
  • The tenure for the Hongkong Land Holdings management team is about average.
Management Team

Ben Keswick

TITLE
Chairman & MD
AGE
71
TENURE
7.1 yrs

Robert Wong

TITLE
Chief Executive & Executive Director
AGE
56
TENURE
2.8 yrs

Simon Dixon

TITLE
CFO & Executive Director
AGE
45
TENURE
3.1 yrs

Jennifer Lam

TITLE
Head of Marketing & Communications
TENURE
6.7 yrs

Jonathan Lloyd

TITLE
Company Secretary
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Hongkong Land Holdings board of directors in years:

11.5
Average Tenure
59.5
Average Age
  • The average tenure for the Hongkong Land Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ben Keswick

TITLE
Chairman & MD
AGE
71
TENURE
6 yrs

Robert Wong

TITLE
Chief Executive & Executive Director
AGE
56
TENURE
2.8 yrs

Simon Dixon

TITLE
CFO & Executive Director
AGE
45
TENURE
3.1 yrs

Adam Phillip Charles Keswick

TITLE
Director
AGE
45
TENURE
7.1 yrs

Simon Lindley Keswick

TITLE
Non-Executive Director
AGE
75
TENURE
36.3 yrs

Edward Percy Keswick Weatherall

TITLE
Director
AGE
61
TENURE
25.3 yrs

Anthony John Liddell Nightingale

TITLE
Director
AGE
71
TENURE
13.1 yrs

Yiu Kai Pang

TITLE
Director
AGE
58
TENURE
12.1 yrs

Mark Spencer Greenberg

TITLE
Director
AGE
49
TENURE
12.9 yrs

Charles Powell

TITLE
Director
AGE
77
TENURE
10.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Hongkong Land Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hongkong Land Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HKHG.F News

Simply Wall St News

HKHG.F Company Info

Description

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of real estate properties in Greater 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 and finance 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.

Details
Name: Hongkong Land Holdings Limited
HKHG.F
Exchange: OTCPK
Founded: 1889
$15,754,014,540
2,333,928,080
Website: http://www.hkland.com
Address: Hongkong Land Holdings Limited
Jardine House,
33-35 Reid Street,
Hamilton,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX H78 Ordinary Shares Singapore Exchange SG USD 02. Jan 1992
OTCPK HKHG.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB HLH Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE HKLB Ordinary Shares London Stock Exchange GB USD 02. Jan 1992
LSE HKLJ Ordinary Shares London Stock Exchange GB USD 02. Jan 1992
LSE HKLD Ordinary Shares London Stock Exchange GB USD 02. Jan 1992
OTCPK HNGK.Y UNSPONSORD ADR Pink Sheets LLC US USD 10. Jun 2004
Number of employees
Current staff
Staff numbers
2,090
Hongkong Land Holdings employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 23:54
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/04/04
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.