HNLGF (Hang Lung Group) Selling, General, & Admin. Expense: $87 Mil (TTM As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HNLGF Hang Lung Group Ltd HNLGF
61 GF Score
Price $1.94
GF Value $1.40
! 7 Warning Signs
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What is Hang Lung Group Selling, General, & Admin. Expense?

Hang Lung Group HNLGF 61 Selling, General, & Admin. Expense is $87 Mil as of Dec. 2025. GuruFocus rates HNLGF with a GF Score™ of 61/100 and a GF Value™ of $1.40. The stock has 7 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Hang Lung Group's selling, general, & admin. expense for the six months ended in Dec. 2025 was $46 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was $87 Mil.


Hang Lung Group  (OTCPK:HNLGF) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Hang Lung Group Selling, General, & Admin. Expense Related Terms


Hang Lung Group Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Hang Lung Group's Selling, General, & Admin. Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hang Lung Group Selling, General, & Admin. Expense Chart

Hang Lung Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 79.24 86.44 87.07 86.45 87.01

Hang Lung Group Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.30 41.94 40.77 45.88 41.47

HNLGF vs CBRE, BEKE, JLL: Selling, General, & Admin. Expense Comparison

For the Real Estate Services subindustry, Hang Lung Group's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hang Lung Group Selling, General, & Admin. Expense vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Hang Lung Group's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Hang Lung Group's Selling, General, & Admin. Expense falls into.


HNLGF
61GF Score
Hang Lung Group Ltd HNLGF
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Hang Lung Group Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $87 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Selling, General, & Admin. Expense of $87 Mil mean?
Hang Lung Group (HNLGF) has a Selling, General, & Admin. Expense of $87 Mil as of Dec. 2025. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Hang Lung Group and its competitors.
Is Hang Lung Group's Selling, General, & Admin. Expense too high?
Hang Lung Group's current Selling, General, & Admin. Expense is $87 Mil. Overall, Hang Lung Group has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Hang Lung Group's Selling, General, & Admin. Expense compare to CBRE and BEKE?
Hang Lung Group's Selling, General, & Admin. Expense of $87 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Real Estate company?
A good Selling, General, & Admin. Expense depends on the Real Estate industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Hang Lung Group and its competitors. Hang Lung Group's current Selling, General, & Admin. Expense is $87 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hang Lung Group stock overvalued right now?
Hang Lung Group (HNLGF) has a current Selling, General, & Admin. Expense of $87 Mil. The stock's GF Value™ is $1.40, compared to a current price of $1.94 — trading 38.6% above its estimated fair value. The current Selling, General, & Admin. Expense is $87 Mil. Hang Lung Group's overall GF Score™ is 61/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Hang Lung Group (HNLGF), the current Selling, General, & Admin. Expense is $87 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hang Lung Group (HNLGF) Overvalued in 2026?

Based on GuruFocus' analysis, Hang Lung Group stock appears to be overvalued. The current stock price of $1.94 is trading 38.6% above its estimated GF Value™ of $1.40.

Key valuation signals for HNLGF:

  • Selling, General, & Admin. Expense: $87 Mil
  • GF Value™: $1.40 vs. price of $1.94 (38.6% above fair value)
  • GF Score™: 61/100 with 7 warning signs

No single metric tells the full story. See the HNLGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hang Lung Group Business Description

Address 4 Des Voeux Road Central, 28th Floor, Standard Chartered Bank Building, Hong Kong, HKG
Hang Lung Group Ltd is an investment holding company. Through its subsidiaries, it is engaged in property development for sales and leasing, property investment for rental income, and other investments. The Group also operates in property management, and through its joint ventures, is involved in the provision of dry and laundry cleaning services. Its reportable segments are Property Leasing, Hotels, and Property Sales. Maximum revenue is generated from the Property Leasing segment, which includes leasing of a portfolio of commercial, office, and residential properties in Mainland China and Hong Kong. Geographically, the Group generates maximum revenue from the Chinese Mainland and the rest from Hong Kong.
61GF Score

Get the complete analysis for HNLGF

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.94
Price
$1.40
GF Value