Henderson Land Development Co. Ltd.
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- Li Ka-shing no longer Hong Kong's richest after two decades Feb 16, 2020 See more articles on Henderson Land Development Co. Ltd.
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
Financial Highlights
| Dec 2020 | HKD | USD |
| Revenue | 25,423M | 3,277.85M |
| Gross Profit | 15,706M | 2,025.01M |
| Operating income | 12,662M | 1,632.54M |
| Income before tax | 9,554M | 1,231.82M |
| Net income | 10,192M | 1,314.08M |
| EBITDA | 13,090M | 1,687.72M |
| Diluted EPS | 2.10 | 0.27 |
| Dividends Per Share | 1.80 | 0.23 |
| Total Assets | 461,087M | 59,465.55M |
| Total liabilities | 128,895M | 16,623.35M |
| Total equity | 327,607M | 42,250.88M |
| Operating cash flow | 9,468M | 1,220.73M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 26,167M | 28,026M | 22,308M | 24,373M | 25,423M |
| Gross Profit | 11,465M | 12,682M | 12,321M | 12,995M | 15,706M |
| Operating income | 6,946M | 8,581M | 8,899M | 9,119M | 12,662M |
| Income before tax | 16,661M | 33,382M | 33,495M | 19,086M | 9,554M |
| Net income | 21,916M | 30,809M | 31,157M | 16,994M | 10,192M |
| EBITDA | 7,934M | 9,512M | 9,777M | 10,097M | 13,090M |
| Diluted EPS | 4.53 | 5.78 | 6.43 | 3.51 | 2.10 |
| Dividends Per Share | 1.16 | 1.41 | 1.63 | 1.80 | 1.80 |
| Total Assets | 355,498M | 410,998M | 441,106M | 455,245M | 461,087M |
| Total liabilities | 86,197M | 113,055M | 123,114M | 129,852M | 128,895M |
| Total equity | 263,534M | 292,574M | 313,153M | 320,851M | 327,607M |
| Operating cash flow | 9,048M | 1,913M | 3,721M | 8,850M | 9,468M |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 3,370.96M | 3,596.38M | 2,846.29M | 3,110.70M | 3,277.85M |
| Gross Profit | 1,476.98M | 1,627.39M | 1,572.04M | 1,658.54M | 2,025.01M |
| Operating income | 894.81M | 1,101.14M | 1,135.43M | 1,163.85M | 1,632.54M |
| Income before tax | 2,146.35M | 4,283.68M | 4,273.65M | 2,435.93M | 1,231.82M |
| Net income | 2,823.33M | 3,953.51M | 3,975.35M | 2,168.93M | 1,314.08M |
| EBITDA | 1,022.09M | 1,220.61M | 1,247.45M | 1,288.67M | 1,687.72M |
| Diluted EPS | 0.58 | 0.74 | 0.82 | 0.44 | 0.27 |
| Dividends Per Share | 0.15 | 0.18 | 0.20 | 0.22 | 0.23 |
| Total Assets | 45,852.07M | 52,575.44M | 56,340.05M | 58,426.16M | 59,465.55M |
| Total liabilities | 11,117.67M | 14,462.15M | 15,724.67M | 16,665.21M | 16,623.35M |
| Total equity | 33,990.57M | 37,426.47M | 39,997.31M | 41,178.03M | 42,250.88M |
| Operating cash flow | 1,165.61M | 245.48M | 474.76M | 1,129.51M | 1,220.73M |
Valuation Measures
| Dec 2020 | |
| PER | 14.36 |
| ROA | 2.22% |
| ROE | 3.14% |
| Operating margin | 49.80% |
| Profit margin | 40.08% |
Key executives
- Co-Chairman & Co-Managing Director: Ka Kit Lee
- Co-Chairman & Co-Managing Director: Ka Shing Lee
- Chief Financial Officer & Executive Director: Andrew Fung
- GM-Information Technology Department: Tak Cheung Kum
- Chief Treasurer & Executive Director: Woon King Fung Lee
Shareholders
- LEE SHAU KEE FAMILY (72.4%)
- BlackRock Fund Advisors (0.8%)
- The Vanguard Group, Inc. (0.7%)
- Norges Bank Investment Management (0.3%)
- LEE SHAU KEE (0.3%)
- State Street Global Advisors Asia Ltd. (0.2%)
- Geode Capital Management LLC (0.2%)
- BlackRock Advisors (UK) Ltd. (0.1%)
- Dimensional Fund Advisors LP (0.1%)
- Hang Seng Investment Management Ltd. (0.1%)
Contact Details
- Website:http://www.hld.com
- Address: 72-76/F, Two International Finance Centre, Hong Kong, Hong Kong
- Phone: +852.2908.8888
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Competitors
- Miramar Hotel & Investment Co. Ltd.
- CK Infrastructure Holdings Limited
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Last Updated on 24 Sep, 2021
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