HONGKONG LAND HOLDINGS LIMITED Financials Hongkong Land Holdings Limited
Equities
H78
BMG4587L1090
Real Estate Development & Operations
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.26 USD | +1.56% |
|
+7.59% | -6.32% |
| 29/04 | Jardine Matheson subsidiary JC&C reports a trying first quarter | AN |
| 08/03 | Hongkong Land Swings to Loss in 2023 as Revenue Slides | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,420 | 9,639 | 11,947 | 10,244 | 7,679 | 7,083 | - | - |
| Enterprise Value (EV) 1 | 17,011 | 14,207 | 17,051 | 16,061 | 13,050 | 12,746 | 12,829 | 12,919 |
| P/E ratio | 12.5 x | -3.64 x | -34.7 x | 51.2 x | -13.2 x | 9.96 x | 9.03 x | 8.5 x |
| Yield | 3.83% | 5.33% | 4.23% | 4.78% | 6.32% | 6.86% | 6.86% | 6.9% |
| Capitalization / Revenue | 5.79 x | 4.6 x | 5.01 x | 4.56 x | 4.16 x | 3.6 x | 3.49 x | 3.28 x |
| EV / Revenue | 7.33 x | 6.78 x | 7.15 x | 7.16 x | 7.08 x | 6.48 x | 6.32 x | 5.99 x |
| EV / EBITDA | 14.4 x | 14.6 x | 17.8 x | 18.6 x | 16.1 x | 16.3 x | 16.4 x | 15.7 x |
| EV / FCF | 16.4 x | 16.7 x | 39.8 x | 21 x | - | 14.2 x | 16.9 x | 14.9 x |
| FCF Yield | 6.1% | 6% | 2.51% | 4.75% | - | 7.05% | 5.93% | 6.73% |
| Price to Book | 0.35 x | 0.27 x | 0.35 x | 0.31 x | 0.24 x | 0.22 x | 0.21 x | 0.21 x |
| Nbr of stocks (in thousands) | 23,33,930 | 23,33,930 | 22,97,534 | 22,27,024 | 22,06,622 | 22,06,622 | - | - |
| Reference price 2 | 5.750 | 4.130 | 5.200 | 4.600 | 3.480 | 3.210 | 3.210 | 3.210 |
| Announcement Date | 05/03/20 | 11/03/21 | 03/03/22 | 02/03/23 | 07/03/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,320 | 2,094 | 2,384 | 2,244 | 1,844 | 1,966 | 2,029 | 2,158 |
| EBITDA 1 | 1,184 | 974.3 | 959.7 | 863.5 | 810.8 | 780.5 | 781.3 | 820.8 |
| EBIT 1 | 1,170 | 959 | 943.4 | 846 | 794.3 | 785.9 | 798.9 | 839 |
| Operating Margin | 50.45% | 45.79% | 39.57% | 37.69% | 43.07% | 39.97% | 39.37% | 38.88% |
| Earnings before Tax (EBT) 1 | 1,322 | -2,507 | -148.2 | 323.4 | -444.3 | 871.1 | 937.3 | 990 |
| Net income 1 | 1,076 | -2,647 | -349.2 | 202.7 | -582.3 | 707.7 | 779.1 | 821.7 |
| Net margin | 46.4% | -126.42% | -14.65% | 9.03% | -31.57% | 35.99% | 38.4% | 38.07% |
| EPS 2 | 0.4612 | -1.134 | -0.1500 | 0.0899 | -0.2629 | 0.3224 | 0.3557 | 0.3778 |
| Free Cash Flow 1 | 1,038 | 852 | 428.2 | 763.7 | - | 898.5 | 761.1 | 869.2 |
| FCF margin | 44.76% | 40.68% | 17.96% | 34.03% | - | 45.7% | 37.51% | 40.28% |
| FCF Conversion (EBITDA) | 87.7% | 87.45% | 44.62% | 88.44% | - | 115.13% | 97.42% | 105.9% |
| FCF Conversion (Net income) | 96.47% | - | - | 376.76% | - | 126.96% | 97.69% | 105.78% |
| Dividend per Share 2 | 0.2200 | 0.2200 | 0.2200 | 0.2200 | 0.2200 | 0.2200 | 0.2202 | 0.2214 |
| Announcement Date | 05/03/20 | 11/03/21 | 03/03/22 | 02/03/23 | 07/03/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,516 | 820.2 | 1,274 | 885.8 | 1,498 | 894 | 1,350 | 670.3 | 1,174 | 920.5 | 920.5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 409.4 | 534 | 394.1 | 451.9 | 392.7 | 401.6 | 409.8 | 409.8 |
| Operating Margin | - | - | - | 46.22% | 35.64% | 44.08% | 33.46% | 58.59% | 34.21% | 44.52% | 44.52% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | - | - | - | -0.3706 | - | - | - | -0.1500 | -0.1129 | 0.1500 | 0.1500 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 05/03/20 | 29/07/20 | 11/03/21 | 29/07/21 | 03/03/22 | 28/07/22 | 02/03/23 | 28/07/23 | 07/03/24 | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,591 | 4,568 | 5,104 | 5,817 | 5,371 | 5,662 | 5,746 | 5,836 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.033 x | 4.688 x | 5.318 x | 6.737 x | 6.624 x | 7.255 x | 7.354 x | 7.111 x |
| Free Cash Flow 1 | 1,038 | 852 | 428 | 764 | - | 899 | 761 | 869 |
| ROE (net income / shareholders' equity) | 2.81% | 2.61% | 2.75% | 2.29% | 2.25% | 2.28% | 2.39% | 2.44% |
| ROA (Net income/ Total Assets) | 2.39% | 2.15% | 2.19% | 1.8% | 1.76% | 1.78% | 1.87% | 1.93% |
| Assets 1 | 45,111 | -1,23,014 | -15,928 | 11,291 | -33,059 | 39,703 | 41,712 | 42,619 |
| Book Value Per Share 2 | 16.40 | 15.30 | 15.10 | 15.00 | 14.50 | 14.70 | 15.00 | 15.20 |
| Cash Flow per Share 2 | 0.5100 | 0.4200 | 0.2300 | 0.3800 | 0.3200 | 0.3900 | 0.5200 | 0.5000 |
| Capex 1 | 144 | 4,628 | 100 | 94.6 | - | 810 | 774 | 673 |
| Capex / Sales | 6.19% | 221% | 4.21% | 4.21% | - | 41.17% | 38.13% | 31.19% |
| Announcement Date | 05/03/20 | 11/03/21 | 03/03/22 | 02/03/23 | 07/03/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
13
Last Close Price
3.21
USD
Average target price
3.647
USD
Spread / Average Target
+13.61%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.32% | 7.08B | |
| +40.41% | 29.49B | |
| -11.49% | 27.43B | |
| +21.70% | 26.59B | |
| +7.68% | 27.14B | |
| +49.25% | 23.87B | |
| +13.23% | 21.03B | |
| -0.25% | 19.01B | |
| +28.90% | 16.66B | |
| -13.39% | 15.27B |
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- Financials Hongkong Land Holdings Limited
