HANG LUNG PROPERTIES LIMITED Financials Hang Lung Properties Limited
Equities
101
HK0101000591
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.4 HKD | +0.36% |
|
+2.31% | -22.79% |
| 03-29 | Hang Lung Properties Logs 3% Rise in 2023 Profit | MT |
| 03-20 | Hang Lung Properties Limited Announces Board Changes | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 76,911 | 91,980 | 72,168 | 68,659 | 48,952 | 37,794 | - | - |
| Enterprise Value (EV) 1 | 103,278 | 123,578 | 109,684 | 108,954 | 94,304 | 83,334 | 81,984 | 78,175 |
| P/E ratio | 12.5 x | -35.9 x | 18.7 x | 18 x | 12.4 x | 8.33 x | 7.68 x | 7.2 x |
| Yield | 4.44% | 3.72% | 4.86% | 5.11% | 7.17% | 9.29% | 9.29% | 9.32% |
| Capitalization / Revenue | 8.69 x | 10.3 x | 6.99 x | 6.64 x | 4.75 x | 3.06 x | 2.87 x | 2.67 x |
| EV / Revenue | 11.7 x | 13.8 x | 10.6 x | 10.5 x | 9.14 x | 6.75 x | 6.22 x | 5.53 x |
| EV / EBITDA | 17.3 x | 20.6 x | 15.9 x | 16.3 x | 13.8 x | 11.3 x | 10.4 x | 9.4 x |
| EV / FCF | -14.9 x | 404 x | -892 x | 75.7 x | - | -152 x | -719 x | - |
| FCF Yield | -6.72% | 0.25% | -0.11% | 1.32% | - | -0.66% | -0.14% | - |
| Price to Book | 0.56 x | 0.67 x | 0.51 x | 0.52 x | 0.37 x | 0.28 x | 0.28 x | 0.28 x |
| Nbr of stocks (in thousands) | 4,497,719 | 4,497,800 | 4,499,261 | 4,499,261 | 4,499,261 | 4,499,261 | - | - |
| Reference price 2 | 17.10 | 20.45 | 16.04 | 15.26 | 10.88 | 8.400 | 8.400 | 8.400 |
| Announcement Date | 21/01/20 | 28/01/21 | 27/01/22 | 31/01/23 | 30/01/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,852 | 8,973 | 10,321 | 10,347 | 10,316 | 12,354 | 13,174 | 14,144 |
| EBITDA 1 | 5,953 | 5,998 | 6,895 | 6,698 | 6,850 | 7,363 | 7,882 | 8,317 |
| EBIT 1 | 5,903 | 6,000 | 6,834 | 6,620 | 6,762 | 7,476 | 8,121 | 8,633 |
| Operating Margin | 66.69% | 66.87% | 66.21% | 63.98% | 65.55% | 60.52% | 61.64% | 61.03% |
| Earnings before Tax (EBT) 1 | 14,809 | -863 | 6,888 | 5,850 | 6,168 | 6,695 | 7,242 | 7,653 |
| Net income 1 | 6,172 | -2,571 | 3,868 | 3,836 | 3,970 | 4,543 | 4,986 | 5,347 |
| Net margin | 69.72% | -28.65% | 37.48% | 37.07% | 38.48% | 36.78% | 37.85% | 37.81% |
| EPS 2 | 1.370 | -0.5700 | 0.8600 | 0.8500 | 0.8800 | 1.009 | 1.094 | 1.166 |
| Free Cash Flow 1 | -6,943 | 306 | -123 | 1,440 | - | -548 | -114 | - |
| FCF margin | -78.43% | 3.41% | -1.19% | 13.92% | - | -4.44% | -0.87% | - |
| FCF Conversion (EBITDA) | - | 5.1% | - | 21.5% | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | 37.54% | - | - | - | - |
| Dividend per Share 2 | 0.7600 | 0.7600 | 0.7800 | 0.7800 | 0.7800 | 0.7800 | 0.7800 | 0.7830 |
| Announcement Date | 21/01/20 | 28/01/21 | 27/01/22 | 31/01/23 | 30/01/24 | - | - | - |
1HKD in Million2HKD
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 | 4,648 | 4,184 | 4,789 | 4,975 | 5,346 | - | 5,045 | 5,237 | 5,079 | 0.189 | 12,193 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | 3,045 | - | 3,652 | 3,182 | - | 3,206 | 3,519 | 3,243 | 0.164 | 7,693 |
| Operating Margin | - | 72.78% | - | 73.41% | 59.52% | - | 63.55% | 67.19% | 63.85% | 86.77% | 63.1% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | 1,948 | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.5900 | -0.5600 | 1.130 | 0.5000 | 0.3600 | 0.4300 | 0.4200 | 0.5300 | 0.3500 | 0.5100 | 0.5100 |
| Dividend per Share | - | 0.1700 | 0.5900 | - | - | - | - | - | 0.6000 | - | - |
| Announcement Date | 21/01/20 | 30/07/20 | 28/01/21 | 29/07/21 | 27/01/22 | 28/07/22 | 31/01/23 | 31/07/23 | 30/01/24 | - | - |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 26,367 | 31,598 | 37,516 | 40,295 | 45,352 | 45,540 | 44,190 | 40,382 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.429 x | 5.268 x | 5.441 x | 6.016 x | 6.621 x | 6.185 x | 5.606 x | 4.855 x |
| Free Cash Flow 1 | -6,943 | 306 | -123 | 1,440 | - | -548 | -114 | - |
| ROE (net income / shareholders' equity) | 3.24% | 3.03% | 3.12% | 3.05% | 3.11% | 3.34% | 3.62% | 3.78% |
| ROA (Net income/ Total Assets) | 2.32% | 2.04% | 2% | 1.92% | 1.92% | 2.25% | 2.28% | 2.4% |
| Assets 1 | 266,494 | -125,844 | 193,400 | 199,792 | 206,320 | 202,303 | 218,954 | 222,995 |
| Book Value Per Share 2 | 30.80 | 30.70 | 31.50 | 29.60 | 29.40 | 29.70 | 30.00 | 30.30 |
| Cash Flow per Share 2 | 1.180 | 0.7600 | 0.6100 | 0.9200 | - | 2.530 | 1.530 | 1.760 |
| Capex 1 | 12,262 | 3,107 | 2,855 | 2,699 | - | 4,229 | 3,547 | 2,717 |
| Capex / Sales | 138.52% | 34.63% | 27.66% | 26.08% | - | 34.23% | 26.93% | 19.21% |
| Announcement Date | 21/01/20 | 28/01/21 | 27/01/22 | 31/01/23 | 30/01/24 | - | - | - |
1HKD in Million2HKD
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
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
8.4
HKD
Average target price
11.98
HKD
Spread / Average Target
+42.57%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -22.79% | 4.83B | |
| +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 |
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