Henderson Land Development Co. Ltd.

Henderson Land Development Co. Ltd.

2.86
EUR
+0.04
(+1.27%)
14.81BMarket Cap
Mar 23Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.92
4.87
4.89
5.28
5.78
4.54
5
5.17
4.86
5.28
5.7
5.22
5.32
- -
Basic EPS, GAAP
3.37
3.49
4.41
4.53
6.36
6.44
3.51
2.11
2.73
1.91
1.91
1.3
1.17
- -
Free Cash Flow per Basic Share
-0.39
-0.17
-0.31
0.6
-0.16
0.79
1.39
1.46
0.14
2.3
2.99
3.16
2.55
- -
Dividend per Share
0.14
0.32
0.66
1.05
1.25
1.47
1.68
1.8
1.8
1.8
1.8
1.8
1.8
- -
Book Value per Share
46.72
49.29
51.91
54.25
60.43
64.69
66.28
67.67
69.2
67.74
67.45
66.54
66.61
66.61
Tangible Book Value per Share
46.64
49.22
51.91
54.25
60.43
64.63
66.22
67.62
69.13
67.67
67.37
66.47
66.53
66.53
Basic Weighted Avg Shares
4,733
4,804
4,836
4,841
4,841
4,841
4,841
4,841
4,841
4,841
4,841
4,841
4,841
526
Sales/Revenue/Turnover
23,289
23,371
23,641
25,568
27,960
21,982
24,184
25,020
23,527
25,551
27,570
25,256
25,741
- -
Operating Margin (%)
23.39
26.32
32.07
29.64
33.44
42.57
39.42
50.08
38
26.43
22.51
20.39
16.89
- -
Depreciation Expense
197
176
139
106
94
68
377
428
505
540
539
491
469
- -
Net Income, GAAP
15,948
16,752
21,326
21,916
30,809
31,157
16,994
10,192
13,195
9,239
9,261
6,296
5,653
- -
Effective Tax Rate (%)
9.77
8.3
6.27
9.23
6.64
6.34
10.67
19.12
13.12
11.85
6.38
11.59
- -
- -
Profit Margin (%)
68.48
71.68
90.21
85.72
110.19
141.74
70.27
40.74
56.08
36.16
33.59
24.93
21.96
- -
Working Capital
83,729
73,866
76,955
74,495
70,264
71,865
69,585
70,327
75,930
64,292
74,008
73,182
77,895
77,895
LT Debt
39,367
29,112
38,503
35,932
53,875
52,509
62,642
58,522
68,206
57,431
62,063
65,407
70,136
70,136
Total Equity
228,000
243,217
256,269
268,288
297,943
317,992
325,393
332,192
352,179
345,152
344,100
340,577
340,886
340,886
Return on Invested Capital (%)
1.95
1.92
2.7
3.02
3.81
2.62
2.32
2.34
2.37
1.34
1.33
1.75
- -
- -
Return on Capital (%)
6.28
6.13
7.21
7.06
8.87
8.09
4.23
2.5
3.08
2.25
2.41
1.68
- -
- -
Return on Common Equity (%)
7.44
7.26
8.72
8.53
11.1
10.29
5.36
3.14
3.98
2.79
2.83
1.94
1.75
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
17,848
11,643
9,608
LT Borrowings
64,650
69,112
69,543
LT Finance Leases
757
717
593
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,841
4,841
4,841
Market Capitalization
113,506
132,564
135,422

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
118,993
114,654
114,991
Cash, Cash Equivalents & STI
18,770
17,647
23,120
Accounts Receivable, Net
413
373
375
Inventories
85,608
84,234
79,621
Total Current Liabilities
45,811
37,251
37,096
Payables & Accruals
- -
- -
- -
ST Debt
17,848
11,643
9,608
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.97%
0.56%
0.09%
Free Cash Flow
53.15%
290.18%
-19.43%
Net Income, GAAP
-8.35%
-8.5%
-10.21%
Sales/Revenue/Turnover
1.37%
0.81%
1.92%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
27,570
2024
- -
- -
25,256
2025
- -
- -
25,741

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1.91
2024
- -
- -
1.3
2025
- -
- -
1.17

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1.8
2024
- -
- -
1.8
2025
- -
- -
1.8

Company Description

CEO
Ka-Shing Lee
Full Time Employees
10,078
Sector
Finance
Industry
Real estate development
Address
Two International Finance Centre Hong Kong Hong Kong
IPO Date
Jul 23, 1981
Website
hld.com
Business
Henderson Land Development Company Limited (0012.HK) is a leading Hong Kong-listed property developer and investor focused on property development, investment, project management, construction, hotel operations, department store operations, finance, investment holding, and infrastructure; its core offerings encompass high-quality residential properties such as Double Cove, THE HENLEY, Eden Manor, and Arbour, alongside landmark commercial projects including The Henderson, the International Finance Centre complex in Hong Kong, and World Financial Centre in Beijing; the group also manages investment properties, hotels via Miramar Hotel and Investment Company Limited, logistics services, and interests in listed subsidiaries like Henderson Investment Limited as well as associates including The Hong Kong and China Gas Company Limited (with its stake in Towngas Smart Energy Company Limited), Hong Kong Ferry (Holdings) Company Limited, and Sunlight Real Estate Investment Trust. Founded in 1976 by Dr. The Honourable Lee Shau Kee and headquartered at 2 International Finance Centre in Hong Kong's Central district, the company operates primarily in Hong Kong and mainland China, maintaining the largest agricultural land holding among Hong Kong developers and an extensive land bank on the mainland with approximately 10,000 full-time employees supporting vertically integrated operations. Among its latest major developments, Henderson Land unveiled the Central Yards mixed-use project in November 2025, featuring over 1.6 million square feet of gross floor area with premium office space, the largest sky garden in Central, and more than 300,000 square feet of green space across two phases launching in 2027 and 2032, with over 70% of phase 1 pre-leased; additionally, in July 2025, it raised HK$8 billion ($1.02 billion) through convertible bonds maturing in 2030 at a 0.5% interest rate via subsidiary Happy Ever Holdings Limited, arranged by HSBC, to fund general corporate purposes, refinancing, and business expansion amid challenging market conditions.

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