HONGKONG LAND HOLDINGS LIMITED Financials Hongkong Land Holdings Limited
Equities
H78
BMG4587L1090
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.14 USD | +0.64% |
|
+10.95% | -9.77% |
| Mar. 08 | Hongkong Land Swings to Loss in 2023 as Revenue Slides | MT |
| Mar. 08 | Transcript : Hongkong Land Holdings Limited, 2023 Earnings Call, Mar 08, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,420 | 9,639 | 11,947 | 10,244 | 7,679 | 6,929 | - | - |
| Enterprise Value (EV) 1 | 17,011 | 14,207 | 17,051 | 16,061 | 13,050 | 12,591 | 12,775 | 12,993 |
| P/E ratio | 12.5 x | -3.64 x | -34.7 x | 51.2 x | -13.2 x | 9.74 x | 8.83 x | 8.31 x |
| Yield | 3.83% | 5.33% | 4.23% | 4.78% | 6.32% | 7.01% | 7.01% | 7.05% |
| Capitalization / Revenue | 5.79 x | 4.6 x | 5.01 x | 4.56 x | 4.16 x | 3.52 x | 3.41 x | 3.21 x |
| EV / Revenue | 7.33 x | 6.78 x | 7.15 x | 7.16 x | 7.08 x | 6.4 x | 6.3 x | 6.02 x |
| EV / EBITDA | 14.4 x | 14.6 x | 17.8 x | 18.6 x | 16.1 x | 16.2 x | 16.4 x | 15.9 x |
| EV / FCF | 16.4 x | 16.7 x | 39.8 x | 21 x | - | 14 x | 16.8 x | 14.9 x |
| FCF Yield | 6.1% | 6% | 2.51% | 4.75% | - | 7.14% | 5.96% | 6.69% |
| Price to Book | 0.35 x | 0.27 x | 0.35 x | 0.31 x | 0.24 x | 0.21 x | 0.21 x | 0.21 x |
| Nbr of stocks (in thousands) | 2,333,930 | 2,333,930 | 2,297,534 | 2,227,024 | 2,206,622 | 2,206,622 | - | - |
| Reference price 2 | 5.750 | 4.130 | 5.200 | 4.600 | 3.480 | 3.140 | 3.140 | 3.140 |
| Announcement Date | 3/5/20 | 3/11/21 | 3/3/22 | 3/2/23 | 3/7/24 | - | - | - |
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 | 779.4 | 780.1 | 819.3 |
| EBIT 1 | 1,170 | 959 | 943.4 | 846 | 794.3 | 785.1 | 798.1 | 837.8 |
| Operating Margin | 50.45% | 45.79% | 39.57% | 37.69% | 43.07% | 39.93% | 39.33% | 38.82% |
| 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% | - | 115.29% | 97.56% | 106.1% |
| 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 | 3/5/20 | 3/11/21 | 3/3/22 | 3/2/23 | 3/7/24 | - | - | - |
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 | 3/5/20 | 7/29/20 | 3/11/21 | 7/29/21 | 3/3/22 | 7/28/22 | 3/2/23 | 7/28/23 | 3/7/24 | - | - |
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 | 5,846 | 6,065 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.033 x | 4.688 x | 5.318 x | 6.737 x | 6.624 x | 7.265 x | 7.494 x | 7.402 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% | 2.29% | 2.41% | 2.45% |
| 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 | -123,014 | -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 | - | 813 | 845 | 777 |
| Capex / Sales | 6.19% | 221% | 4.21% | 4.21% | - | 41.33% | 41.63% | 36.02% |
| Announcement Date | 3/5/20 | 3/11/21 | 3/3/22 | 3/2/23 | 3/7/24 | - | - | - |
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
3.14
USD
Average target price
3.647
USD
Spread / Average Target
+16.14%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -9.77% | 6.93B | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
- Stock Market
- Equities
- H78 Stock
- Financials Hongkong Land Holdings Limited
