HKSE:00012 (Hong Kong)
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Business Description
Henderson Land Development Co Ltd
NAICS : 531190
Description
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 33.4% stake in Hong Kong Ferry, a 69% stake in Henderson Investment, a 41.5% stake in Hong Kong and China Gas, and a 50.1% stake in Miramar Hotel & Investment.
Financial Strength
4/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Cash-To-Debt | 0.14 | |||||
| Equity-to-Asset | 0.61 | |||||
| Debt-to-Equity | 0.29 | |||||
| Debt-to-EBITDA | 6.75 | |||||
| Interest Coverage | 13.33 | |||||
| Piotroski F-Score | 4/9 | |||||
| Altman Z-Score | 0.74 | |||||
| Beneish M-Score | -2.09 | |||||
| WACC vs ROIC | ||||||
Growth Rank
4/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 3-Year Revenue Growth Rate | 2.3 | |||||
| 3-Year EBITDA Growth Rate | -21.8 | |||||
| 3-Year EPS without NRI Growth Rate | -24.9 | |||||
| 3-Year FCF Growth Rate | -43.7 | |||||
| 3-Year Book Growth Rate | 2.3 | |||||
| Future 3-5Y Total Revenue Growth Rate | 6.08 |
Momentum Rank
8/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 5-Day RSI | 76.65 | |||||
| 9-Day RSI | 76.97 | |||||
| 14-Day RSI | 73.71 | |||||
| 6-1 Month Momentum % | -0.18 | |||||
| 12-1 Month Momentum % | -19.85 |
Liquidity Ratio
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Current Ratio | 2.1 | |||||
| Quick Ratio | 0.49 | |||||
| Cash Ratio | 0.22 | |||||
| Days Inventory | 3162.02 | |||||
| Days Sales Outstanding | 155.19 | |||||
| Days Payable | 232.6 |
Dividend & Buy Back
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Dividend Yield % | 6.02 | |||||
| Dividend Payout Ratio | 0.76 | |||||
| 3-Year Dividend Growth Rate | 7 | |||||
| Forward Dividend Yield % | 6.02 | |||||
| 5-Year Yield-on-Cost % | 10.61 |
Profitability Rank
7/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Gross Margin % | 50.09 | |||||
| Operating Margin % | 35.96 | |||||
| Net Margin % | 47.14 | |||||
| ROE % | 3.45 | |||||
| ROA % | 2.17 | |||||
| ROIC % | 1.51 | |||||
| ROC (Joel Greenblatt) % | 15.2 | |||||
| ROCE % | 3.05 | |||||
| Years of Profitability over Past 10-Year | 10 |
GF Value Rank
7/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| PE Ratio | 12.46 | |||||
| Forward PE Ratio | 10.08 | |||||
| PE Ratio without NRI | 12.22 | |||||
| Shiller PE Ratio | 6.43 | |||||
| PS Ratio | 5.88 | |||||
| PB Ratio | 0.44 | |||||
| Price-to-Tangible-Book | 0.42 | |||||
| Price-to-Free-Cash-Flow | 25.55 | |||||
| Price-to-Operating-Cash-Flow | 25.55 | |||||
| EV-to-EBIT | 15.45 | |||||
| EV-to-Forward-EBIT | 17.18 | |||||
| EV-to-EBITDA | 15.45 | |||||
| EV-to-Forward-EBITDA | 16.92 | |||||
| EV-to-Revenue | 9.1 | |||||
| EV-to-Forward-Revenue | 7.53 | |||||
| EV-to-FCF | 40.92 | |||||
| Price-to-Projected-FCF | 0.46 | |||||
| Price-to-Median-PS-Value | 0.85 | |||||
| Price-to-Graham-Number | 0.48 | |||||
| Earnings Yield (Greenblatt) % | 6.45 | |||||
| Forward Rate of Return (Yacktman) % | -11.73 |
