Valuation Henderson Land Development Company Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 09:08:03 08/05/2026 BST			5-day change	1st Jan Change
33.92 ^HKD	-1.85%		+10.20%	+20.54%

05-04	Hong Kong shares track firmer Asia; tech stocks lead	RE
04-24	Hong Kong Awards Central Harbourfront Site to Henderson Land JV on Five-Year Lease	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	160,734	131,928	116,435	114,257	136,237	164,220	-	-
Change	-	-17.92%	-11.74%	-1.87%	19.24%	20.54%	-	-
Enterprise Value (EV) ¹	249,526	208,160	186,647	178,574	192,913	218,174	213,516	191,027
Change	-	-16.58%	-10.33%	-4.33%	8.03%	13.09%	-2.14%	-10.53%
P/E ratio	12.2x	14.3x	12.6x	18.2x	24.7x	21.2x	17x	12.9x
PBR	0.48x	0.4x	0.36x	0.35x	0.42x	0.5x	0.49x	0.48x
PEG	-	-0.5x	-	-0.6x	-2x	0.5x	0.7x	0.4x
Capitalization / Revenue	6.83x	5.16x	4.22x	4.52x	5.29x	5.77x	5.56x	5.31x
EV / Revenue	10.6x	8.15x	6.77x	7.07x	7.49x	7.67x	7.23x	6.18x
EV / EBITDA	20x	26.9x	22.1x	19.8x	31.9x	24.1x	21.1x	16.8x
EV / EBIT	20.8x	28.9x	23.6x	20.9x	34.6x	26.5x	23.1x	18.4x
EV / FCF	-4.61x	26.2x	18.9x	14.3x	-	-30.5x	-30.8x	-32.7x
FCF Yield	-21.7%	3.82%	5.3%	6.99%	-	-3.28%	-3.25%	-3.05%
Dividend per Share ²	1.8	1.8	1.8	1.8	1.26	1.263	1.265	1.269
Rate of return	5.42%	6.61%	7.48%	7.63%	4.48%	3.72%	3.73%	3.74%
EPS ²	2.73	1.91	1.91	1.3	1.14	1.602	1.991	2.635
Distribution rate	65.9%	94.2%	94.2%	138%	111%	78.8%	63.5%	48.1%
Net sales ¹	23,527	25,551	27,570	25,256	25,741	28,459	29,533	30,905
EBITDA ¹	12,495	7,747	8,446	9,024	6,044	9,045	10,129	11,392
EBIT ¹	11,990	7,207	7,907	8,533	5,575	8,240	9,233	10,381
Net income ¹	13,195	9,239	9,261	6,296	5,653	7,596	9,561	11,400
Net Debt ¹	88,792	76,232	70,212	64,317	56,676	53,954	49,296	26,807
Reference price ²	33.20	27.25	24.05	23.60	28.14	33.92	33.92	33.92
Nbr of stocks (in thousands)	4,841,387	4,841,387	4,841,387	4,841,387	4,841,387	4,841,387	-	-
Announcement Date	22/03/22	21/03/23	21/03/24	20/03/25	23/03/26	-	-	-

¹HKD in Million²HKD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
HENDERSON LAND DEVELOPMENT COMPANY LIMITED	21.17x	7.67x	24.12x	3.72%	20.98B
SUN HUNG KAI PROPERTIES LIMITED	18.11x	5.37x	14.9x	2.76%	52.38B
MITSUBISHI ESTATE CO., LTD.	24.03x	4.57x	19.19x	1.06%	33.72B
CHINA RESOURCES LAND LIMITED	9.34x	1.55x	7.66x	3.81%	33.48B
EMAAR PROPERTIES	6.19x	0.8x	1.7x	8.09%	29.75B
MITSUI FUDOSAN CO., LTD.	16.71x	3.3x	16.3x	2.1%	28.74B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	20.63x	7.76x	22.01x	0.92%	28.19B
CK ASSET HOLDINGS LIMITED	10.51x	2.55x	8.78x	3.54%	22.93B
CHINA OVERSEAS LAND & INVESTMENT LIMITED	12.18x	1.89x	15.92x	3.11%	22.26B
AZRIELI GROUP LTD.	13.09x	29.88x	-	1.98%	21.46B
Average	15.19x	6.53x	14.51x	3.11%	29.39B
Weighted average by Cap.	15.50x	5.88x	14.26x	3.08%