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Finance

Henderson Land Development Co. Ltd.

  • 41.15 HKD
  • 0.00
  • 0.00%
  • Hong Kong
    Aug 16, 2018
  • Ticker
    HKG(12)
  • Prev. close
    41.15
  • Market cap (HKD)
    181,111.90M
  • Market cap (USD)
    23,072.90M
  • Shares
    4,401.26M

Company Background

Henderson Land Development is a major property developer that is based and listed in Hong Kong. It builds residential properties, including luxury condominiums, as well as office and commercial complexes, such as the International Finance Centre on Hong Kong Island and the World Financial Centre in Beijing.

Its chairman, Lee Shau-kee, was a founding member of leading Hong Kong real estate developer Sun Hung Kai Properties. But in 1976, he branched out and created Henderson Land Development.

With the money generated from the company's listing on the Hong Kong stock exchange, Lee began acquiring old buildings and farmland and developed the land for sale. This strategy has enabled Henderson Land to grow rapidly over the years. The company is now the biggest landowner in Hong Kong's New Territories.

Group company Hong Kong and China Gas is the dominant supplier of city gas in Hong Kong. It also supplies city gas across the mainland, and boasts more than 20 million customers.

Henderson Land's subsidiaries also include Hong Kong Ferry Holdings and Miramar Hotel and Investment.

Lee is a high-profile stock investor and has been called the "Warren Buffett of Asia." His comments on stock markets attract keen attention from the Hong Kong public.

Business Summary

Henderson Land Development Co. Ltd. is an investment holding company, which engages in the property development and investment, construction, infrastructure, hotel operation, finance, department store operation, and project management. It operates through the following business segments: Property Development; Property Leasing; Department Store Operation; Others Businesses; and Utility and Energy. The Property Development segment involves in the development and sale of properties. The Property Leasing segment offers leasing of properties. The Department Store Operation segment comprises of department store operations and management. The Other Businesses segment is comprised of hotel operation and management, construction, provision of finance, investment holding, project management, property management, agency services, cleaning and security guard services, as well as the trading of building materials and disposal of leasehold land. The Utility and Energy segment consists of production, distribution and marketing of gas, water supply, and energy businesses. The company was founded by Shau Kee Lee in 1976 and is headquartered in Hong Kong.

Financial Highlights

Dec 2017 HKDUSD
Revenue25,310M3,247.86M
Gross Profit12,584M1,614.82M
Operating income8,570M1,099.73M
Income before tax23,592M3,027.40M
Net income30,433M3,905.26M
EBITDA9,501M1,219.19M
Diluted EPS6.910.88
Dividends Per Share1.550.19
Total Assets411,592M52,651.42M
Total liabilities112,980M14,452.56M
Total equity293,125M37,496.96M
Operating cash flow916M117.54M
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 23,717M 23,804M 23,878M 26,167M 25,310M
Gross Profit 9,209M 9,636M 11,209M 11,465M 12,584M
Operating income 4,720M 5,551M 6,817M 6,946M 8,570M
Income before tax 11,513M 11,635M 15,038M 16,661M 23,592M
Net income 15,948M 16,752M 21,326M 21,916M 30,433M
EBITDA 5,874M 6,586M 7,798M 7,934M 9,501M
Diluted EPS 3.70 3.83 4.85 4.98 6.91
Dividends Per Share 0.65 0.75 1.08 1.28 1.55
Total Assets 304,114M 316,980M 336,269M 355,498M 411,592M
Total liabilities 76,114M 73,763M 80,000M 86,197M 112,980M
Total equity 223,402M 238,150M 251,247M 263,534M 293,125M
Operating cash flow -342M 5,653M 1,793M 9,048M 916M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 3,057.63M 3,069.62M 3,080.00M 3,370.96M 3,247.86M
Gross Profit 1,187.24M 1,242.60M 1,445.84M 1,476.98M 1,614.82M
Operating income 608.51M 715.82M 879.32M 894.81M 1,099.73M
Income before tax 1,484.27M 1,500.38M 1,939.74M 2,146.35M 3,027.40M
Net income 2,056.04M 2,160.24M 2,750.82M 2,823.33M 3,905.26M
EBITDA 757.28M 849.29M 1,005.85M 1,022.09M 1,219.19M
Diluted EPS 0.47 0.49 0.62 0.64 0.88
Dividends Per Share 0.08 0.09 0.14 0.16 0.19
Total Assets 39,221.54M 40,875.06M 43,388.70M 45,852.07M 52,651.42M
Total liabilities 9,816.41M 9,511.85M 10,322.38M 11,117.67M 14,452.56M
Total equity 28,812.12M 30,709.81M 32,418.33M 33,990.57M 37,496.96M
Operating cash flow -44.09M 728.97M 231.27M 1,165.61M 117.54M

Valuation Measures

Dec 2017
PER6.76
ROA7.93%
ROE10.93%
Operating margin33.86%
Profit margin120.24%

Key executives

  • Chairman & Managing Director: Shau Kee Lee
  • Chief Financial Officer: Andrew Fung
  • GM-Information Technology Department: Tak Cheung Kum
  • Chief Treasurer & Executive Director: Woon King Fung Lee
  • General Manager-Portfolio Leasing Department: Pak Wing Sit

Shareholders

  • LEE SHAU KEE FAMILY (72.4%)
  • Capital Research & Management Co. (World Investors) (0.9%)
  • The Vanguard Group, Inc. (0.9%)
  • BlackRock Fund Advisors (0.6%)
  • Third Avenue Management LLC (0.4%)
  • Norges Bank Investment Management (0.4%)
  • Capital Research & Management Co. (Global Investors) (0.3%)
  • LEE SHAU KEE (0.3%)
  • State Street Global Advisors Asia Ltd. (0.3%)
  • Hong Kong & China Gas Co. Ltd. (0.2%)

Contact Details

  • Website:http://www.hld.com
  • Address: 72-76/F, Two International Finance Centre, Hong Kong, Hong Kong
  • Phone: +852.2908.8888

Related Companies

  • Uhray Investment Ltd.
  • Tactwin Development Ltd.
  • Profit Best Development Ltd.
  • Davenport Investment Ltd.
  • Henderson International Finance Ltd.
  • St. Helena Holdings Co. Ltd.
  • Broad Capital Ltd.
  • Future Home Ltd.
  • Ginca Construction Machinery Co. Ltd.
  • Dorway Investment Ltd.
  • Shanghai Hengzhi Properties Development Co. Ltd.
  • Henderson Real Estate Finance Ltd.
  • Henderson Land Finance (2011) Ltd.
  • Henderson (China) Finance Ltd.
  • Hang Yick Properties Management Ltd.
  • Carry Express Investment Ltd.
  • E Man Construction Co. Ltd.
  • Henderson Land Credit (2014) Ltd.
  • Henderson Land Credit (2009) Ltd.
  • Henderson Land MTN (S) Pte Ltd.
  • Henland Finance Ltd.
  • Henderson Real Estate Agency Ltd.
  • Henderson Land MTN Ltd.
  • Begonia Investment Ltd.
  • Viaduct Enterprises Ltd.
  • Resources Investment Ltd.
  • Jitterbug Investment Ltd.
  • Data City Holdings Ltd.
  • Jumbo Harvest Development Ltd.
  • Ratex Enterprises Ltd.

Competitors

  • CK Infrastructure Holdings Limited
Last Updated on 16 Aug, 2018

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