Hongkong Land Holdings Ltd H78

Morningstar Rating
$3.90 +0.13 (3.45%)
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Company Report

Hongkong Land's High-Quality Assets Underpin Long-Term Growth

Hongkong Land develops, grows, and holds a portfolio of high-quality assets in Hong Kong’s central business district. Over more than a century, it assiduously assembled and upgraded these assets and turned them into a portfolio consisting of the most desirable office and retail locations in the city. The Central portfolio accounts for nearly 65% of the company’s operating profit.

Price vs Fair Value

H78 is trading at a 489% premium.
Price
$3.90
Fair Value
$6.37
Uncertainty
Medium
1-Star Price
$4.63
5-Star Price
$5.90
Economic Moat
Gmsxzm
Capital Allocation
Zvwtvtpz

Bulls Say, Bears Say

Bulls

Hongkong Land’s core portfolio will continue to benefit from a strong office market in Hong Kong, as well as the recovery of the city’s luxury retail sector.

Bears

The over-reliance on the Hong Kong portfolio exposes the company to a cyclical Hong Kong property market.

Trading Information

Previous Close Price
$3.77
Day Range
$3.763.94
52-Week Range
$2.783.94
Bid/Ask
$3.90 / $3.92
Market Cap
$8.61 Bil
Volume/Avg
6.4 Mil / 2.4 Mil

Key Statistics

Price/Earnings (Normalized)
28.41
Price/Sales
4.01
Dividend Yield (Trailing)
5.64%
Dividend Yield (Forward)
5.64%
Total Yield
5.97%

Company Profile

Hongkong Land is a property investor focusing on holding prime commercial assets in Hong Kong, mainland China and Singapore. It is the largest office landlord in Hong Kong’s Central Business District, and the second largest in Hong Kong overall. The Central portfolio includes 4.1 million square feet of office space and 0.5 million square feet of retail space. The company also holds 1.6 million square feet of office space in Singapore. The company also has property development business in mainland China, Singapore, and Southeast Asia. Hongkong Land is dual listed on the London Stock Exchange and the Singapore Exchange. Jardine Matheson Holdings owns 53% of the company.
Sector
Real Estate
Industry
Real Estate - Development
Stock Style Box
Large Value
Total Number of Employees
2,991

Competitors

Valuation

Metric
H78
02778
01972
Price/Earnings (Normalized)
28.4117.2912.35
Price/Book Value
0.280.260.33
Price/Sales
4.014.566.38
Price/Cash Flow
29.2110.5720.70
Price/Earnings
H78
02778
01972

Financial Strength

Metric
H78
02778
01972
Quick Ratio
0.650.260.45
Current Ratio
1.740.260.94
Interest Coverage
−3.14−0.265.65
Quick Ratio
H78
02778
01972

Profitability

Metric
H78
02778
01972
Return on Assets (Normalized)
0.86%−1.48%1.98%
Return on Equity (Normalized)
1.10%−2.05%2.45%
Return on Invested Capital (Normalized)
1.33%−0.74%2.29%
Return on Assets
H78
02778
01972

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