Business Description
![Henderson Land Development Co Ltd Henderson Land Development Co Ltd logo](https://static.gurufocus.com/logos/0C00000VE2.png?14)
Henderson Land Development Co Ltd
NAICS : 531190
ISIN : HK0012000102
Share Class Description:
HKSE:00012: Ordinary SharesCompare
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Traded in other countries / regions
00012.Hong KongHLDCY.USAHLD.Germany IPO Date
1981-07-23Description
Henderson Land Development is a leading property developer in Hong Kong with a focus on urban redevelopment and farmland conversion. The company was founded in 1976, listed in 1981. Founder Lee Shau Kee is the controlling shareholder, and a series of disposals in December 2017 reduced his stake to below 72.8%. The share disposals were the first since 1993, lessening the possibility of a privatization. Lee stepped down in May 2019, succeeded by his two sons as joint chairmen and managing directors. Henderson Land also controls four listed entities directly, including a 69% stake in Henderson Investment, a 41.5% stake in Hong Kong and China Gas, a 33.4% stake in Hong Kong Ferry, and a 50.1% stake in Miramar Hotel & Investment.
Financial Strength
5/10
Name | Current | Vs Industry | Vs History | |||
---|---|---|---|---|---|---|
Cash-To-Debt | 0.24 | |||||
Equity-to-Asset | 0.6 | |||||
Debt-to-Equity | 0.29 | |||||
Debt-to-EBITDA | 7.58 | |||||
Interest Coverage | 3.36 | |||||
Piotroski F-Score | 7/9 | |||||
Altman Z-Score | 1.31 | |||||
Beneish M-Score | -2.32 | |||||
WACC vs ROIC |
Growth Rank
8/10
Name | Current | Vs Industry | Vs History | |||
---|---|---|---|---|---|---|
3-Year Revenue Growth Rate | 3.3 | |||||
3-Year EBITDA Growth Rate | -1.9 | |||||
3-Year EPS without NRI Growth Rate | -13.4 | |||||
3-Year FCF Growth Rate | 26.9 | |||||
3-Year Book Growth Rate | -0.1 | |||||
Future 3-5Y EPS without NRI Growth Rate | 18.6 | |||||
Future 3-5Y Total Revenue Growth Rate | 3.39 |
Momentum Rank
8/10
Name | Current | Vs Industry | Vs History | |||
---|---|---|---|---|---|---|
5-Day RSI | 25.31 | |||||
9-Day RSI | 27.45 | |||||
14-Day RSI | 30.82 | |||||
6-1 Month Momentum % | 4.77 | |||||
12-1 Month Momentum % | 7.45 |
Liquidity Ratio
Name | Current | Vs Industry | Vs History | |||
---|---|---|---|---|---|---|
Current Ratio | 2.23 | |||||
Quick Ratio | 0.66 | |||||
Cash Ratio | 0.37 | |||||
Days Inventory | 2028.93 | |||||
Days Sales Outstanding | 75.59 | |||||
Days Payable | 185.02 |
Dividend & Buy Back
Name | Current | Vs Industry | Vs History | |||
---|---|---|---|---|---|---|
Dividend Yield % | 8.59 | |||||
Dividend Payout Ratio | 0.9 | |||||
Forward Dividend Yield % | 8.59 | |||||
5-Year Yield-on-Cost % | 10.11 | |||||
Shareholder Yield % | 9.55 |
Profitability Rank
7/10
Name | Current | Vs Industry | Vs History | |||
---|---|---|---|---|---|---|
Gross Margin % | 36.38 | |||||
Operating Margin % | 22.51 | |||||
Net Margin % | 33.59 | |||||
FCF Margin % | 52.45 | |||||
ROE % | 2.84 | |||||
ROA % | 1.73 | |||||
ROIC % | 1.17 | |||||
ROC (Joel Greenblatt) % | 14.31 | |||||
ROCE % | 2.58 | |||||
Years of Profitability over Past 10-Year | 10 |
GF Value Rank
9/10
Name | Current | Vs Industry | Vs History | |||
---|---|---|---|---|---|---|
PE Ratio | 10.97 | |||||
Forward PE Ratio | 10.16 | |||||
PE Ratio without NRI | 10.48 | |||||
Shiller PE Ratio | 5.09 | |||||
PS Ratio | 3.68 | |||||
PB Ratio | 0.31 | |||||
Price-to-Tangible-Book | 0.31 | |||||
Price-to-Free-Cash-Flow | 7.01 | |||||
Price-to-Operating-Cash-Flow | 7.01 | |||||
EV-to-EBIT | 14.03 | |||||
EV-to-Forward-EBIT | 13.37 | |||||
EV-to-EBITDA | 14.03 | |||||
EV-to-Forward-EBITDA | 12.84 | |||||
EV-to-Revenue | 6.25 | |||||
EV-to-Forward-Revenue | 6.3 | |||||
EV-to-FCF | 11.92 | |||||
Price-to-Projected-FCF | 0.32 | |||||
Price-to-Median-PS-Value | 0.56 | |||||
Price-to-Graham-Number | 0.38 | |||||
Earnings Yield (Greenblatt) % | 7.13 | |||||
FCF Yield % | 14.26 | |||||
Forward Rate of Return (Yacktman) % | -8.87 |