H78 Stock Analysis: HONGKONG LAND HOLDINGS | SG
Real Estate - Development | SG, Singapore | Market Cap: 17.274m USD | 12M Return: 33.9% | BMG4587L1090 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 16.8M
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Hongkong Land Holdings Limited is a Bermuda-incorporated real estate company that invests in, develops, and manages premium properties across Asia and other international markets. Its portfolio spans mixed-use developments, including offices, luxury retail, residential, and hospitality assets concentrated in key gateway cities such as Hong Kong, Singapore, and Shanghai. The business is organized into two segments: Prime Properties Investment, which focuses on owning and leasing high-quality investment assets, and Build-to-Sell, which develops properties for sale. Founded in 1889, the company is classified within the GICS Real Estate Development sub-industry and operates as a subsidiary of Jardine Strategic Limited.
The Prime Properties Investment segment reflects a common Asian commercial real estate model centered on long-term ownership of trophy assets in major financial centers, where prime office and retail space typically commands premium rents due to limited land supply and strong demand from multinational tenants. Geographically, Hong Kong and Singapore are globally recognized financial hubs where Grade-A office occupancy and luxury retail density are benchmarks for the sector, while Shanghai serves as a key gateway to Mainland Chinas commercial property market.
- Central Hong Kong office vacancy and rents decline
- Luxury retail leasing income pressured by mainland Chinese tourist spending
- Interest rate cuts support property valuation cap rates
- Mainland China Build-to-Sell residential margins face market weakness
| Net Income: 1.26b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.47 > 1.0 |
| NWC/Revenue: 342.5% < 20% (prev 64.75%; Δ 277.8% < -1%) |
| CFO/TA 0.01 > 3% & CFO 584.4m > Net Income 1.26b |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 3.70 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.16b) vs 12m ago -2.16% < -2% |
| Gross Margin: 34.16% > 18% (prev 36.80%; Δ -2.63% > 0.5%) |
| Asset Turnover: 3.66% > 50% (prev 5.13%; Δ -1.47% > 0%) |
| Interest Coverage Ratio: 8.07 > 6 (EBIT TTM 1.64b / Interest Expense TTM 203.5m) |
| DSRI: 1.40 (Receivables 354.0m/349.0m, Revenue 1.45b/2.00b) |
| GMI: 1.08 (GM 36.80% / 34.16%) |
| AQI: 0.92 (AQ_t 0.82 / AQ_t-1 0.89) |
| SGI: 0.72 (Revenue 1.45b / 2.00b) |
| TATA: 0.02 (NI 1.26b - CFO 584.4m) / TA 40.1b) |
| Beneish M = -2.87 (Cap -4..+1) = A |
As of October 20, 2026, the stock is trading at USD 8.08 with a total of 1,033,400 shares traded. Over the past week, the price has changed by +1.89%, over one month by -6.70%, over three months by +8.05% and over the past year by +33.89%.
Current recommended Stop Loss: 7.70 (which is 4.7% or 1.7 ATR below the current price).
HONGKONG LAND HOLDINGS has no consensus analysts rating.
P/E Trailing = 7.6509
P/E Forward = 18.2149
P/S = 12.9896
P/B = 0.5935
P/EG = 1.8675
Revenue TTM = 1.45b USD
EBIT TTM = 1.64b USD
EBITDA TTM = 1.66b USD
Long Term Debt = 5.84b USD (from longTermDebt, last quarter)
Short Term Debt = 305.6m USD (from shortLongTermDebt, last quarter)
Debt = unknown
Net Debt = unknown
Enterprise Value = 14.7b USD (17.3b + (null Debt) - CCE 2.55b)
Interest Coverage Ratio = 8.07 (Ebit TTM 1.64b / Interest Expense TTM 203.5m)
EV/FCF = 35.04x (Enterprise Value 14.7b / FCF TTM 420.2m)
FCF Yield = 2.85% (FCF TTM 420.2m / Enterprise Value 14.7b)
FCF Margin = 29.01% (FCF TTM 420.2m / Revenue TTM 1.45b)
Net Margin = 87.23% (Net Income TTM 1.26b / Revenue TTM 1.45b)
Gross Margin = 34.16% ((Revenue TTM 1.45b - Cost of Revenue TTM 953.5m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.37 (Enterprise Value 14.7b / Total Assets 40.1b)
Interest Expense / Debt = unknown (Interest Expense 203.5m / Debt none)
Taxrate = 12.03% (173.1m / 1.44b)
NOPAT = 1.44b (EBIT 1.64b * (1 - 12.03%))
Current Ratio = 3.70 (Total Current Assets 6.80b / Total Current Liabilities 1.83b)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 1.66b)
Debt / FCF = unknown (Net Debt none / FCF TTM 420.2m)
Total Stockholder Equity = 30.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.19% (Net Income 1.26b / Total Assets 40.1b)
RoE = 4.18% (Net Income TTM 1.26b / Total Stockholder Equity 30.2b)
RoCE = 4.55% (EBIT 1.64b / Capital Employed (Equity 30.2b + L.T.Debt 5.84b))
RoIC = 3.79% (NOPAT 1.44b / Invested Capital 38.2b)
WACC = 6.60% (E(17.3b)/V(17.3b) * Re(6.60%) + (debt-free company))
Discount Rate = 6.60% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.24 | Cagr: -2.76%
[DCF] Terminal Value 73.10% ; FCFF base≈489.0m ; Y1≈428.8m ; Y5≈346.4m
[DCF] Fair Price = 2.61 (EV 5.56b - Net Debt 0.0 = Equity 5.56b / Shares 2.13b; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
Revenue Correlation: -71.80 | Revenue CAGR: -11.38% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=0.27 | Chg30d=+1.59% | Revisions=+40% | GrowthEPS=+28.0% | GrowthRev=+5.6%
EPS next Year (2027-12-31): EPS=0.30 | Chg30d=+1.24% | Revisions=+25% | GrowthEPS=+12.4% | GrowthRev=-2.0%
[Analyst] Revisions Ratio: +50% (up=3, down=0)