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Henderson Land
(OTC:HLDCY)
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Rating:64Neutral
Price Target:
$4.00
â–²(13.96% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by financially stable but mixed fundamentals: revenue growth rebounded and 2025 cash generation was strong, but margin compression, a YoY net income decline, rising debt, and very low ROE weigh on quality and balance-sheet flexibility. Technicals are moderately positive in the short term but still below longer-term trend levels, and valuation is balanced between a higher P/E and a supportive ~4.6% dividend yield.
Positive Factors
Diversified property business model
Henderson Land’s mix of development sales, recurring rental income, property management fees and associate/investment contributions creates multiple durable cash engines. This diversification reduces reliance on any single segment, smoothing cyclical swings in development timing and supporting steady long-term cash flow generation.
Negative Factors
Margin compression and falling net income
Sustained margin compression and YoY net income decline indicate structural pressure on profitability, potentially from higher costs, weaker project margins or a less favorable sales mix. Over months this erodes retained earnings and limits reinvestment capacity, making long-term return improvement more difficult without margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified property business model
Henderson Land’s mix of development sales, recurring rental income, property management fees and associate/investment contributions creates multiple durable cash engines. This diversification reduces reliance on any single segment, smoothing cyclical swings in development timing and supporting steady long-term cash flow generation.
Read all positive factors
Henderson Land (HLDCY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$16.70B
Dividend Yield4.41%
Average Volume (3M)395.00
Price to Earnings (P/E)23.1
Beta (1Y)0.15
Revenue Growth2.07%
EPS Growth-10.14%
CountryUS
Employees10,078
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)1.17
Shares Outstanding4,841,387,000
10 Day Avg. Volume0
30 Day Avg. Volume395
Financial Highlights & Ratios
PEG Ratio-2.38
Price to Book (P/B)0.42
Price to Sales (P/S)5.24
P/FCF Ratio17.98
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.2
Revenue Forecast (FY)$3.50B
Henderson Land Business Overview & Revenue Model
Company Description
Henderson Land Development Company Limited (HLDCY) operates as an investment holding entity, primarily engaged in real estate development and investment. Its business activities span both Hong Kong and Mainland China. The company's operations are ...
How the Company Makes Money
Henderson Land typically earns revenue and profits from multiple property-linked streams: (1) Property development sales: It develops residential and/or commercial projects and recognizes revenue when completed units are sold and delivered under a...
Henderson Land Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
60
Neutral
Cash Flow
68
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 25.74B | 25.26B | 27.57B | 25.44B | 23.89B |
| Gross Profit | 8.21B | 9.09B | 10.03B | 10.26B | 12.44B |
| EBITDA | 9.37B | 10.92B | 12.83B | 7.17B | 9.80B |
| Net Income | 5.64B | 6.30B | 9.26B | 9.24B | 13.20B |
Balance Sheet | |||||
| Total Assets | 539.33B | 531.24B | 542.55B | 529.79B | 550.30B |
| Cash, Cash Equivalents and Short-Term Investments | 23.12B | 18.77B | 22.11B | 11.74B | 11.34B |
| Total Debt | 163.89B | 83.25B | 161.69B | 150.09B | 100.28B |
| Total Liabilities | 198.48B | 190.66B | 198.45B | 184.64B | 198.13B |
| Stockholders Equity | 322.43B | 322.15B | 326.54B | 327.95B | 335.02B |
Cash Flow | |||||
| Free Cash Flow | 7.50B | 15.30B | 14.46B | 7.95B | -54.16B |
| Operating Cash Flow | 12.32B | 15.30B | 14.46B | 11.13B | 685.00M |
| Investing Cash Flow | -8.38B | -1.87B | 16.00M | 12.15B | -50.04B |
| Financing Cash Flow | -4.75B | -21.20B | -5.42B | -21.30B | 52.05B |
Henderson Land Technical Analysis
Negative
3.51
Price Trends
3.41
Positive
3.65
Negative
3.75
Negative
Market Momentum
>-0.01
Positive
46.41
Neutral
10.48
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HLDCY, the sentiment is Negative. The current price of 3.51 is below the 20-day moving average (MA) of 3.54, above the 50-day MA of 3.41, and below the 200-day MA of 3.75, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.41 is Neutral, neither overbought nor oversold. The STOCH value of 10.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HLDCY.
Henderson Land Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $24.74B | 27.56 | 8.08% | 4.11% | 4.22% | -13.36% | |
68 Neutral | $18.81B | 44.02 | 7.60% | 3.52% | 4.74% | -48.36% | |
66 Neutral | $12.10B | 26.69 | 6.85% | 3.78% | 4.15% | 13.70% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $16.70B | 23.13 | 1.76% | 4.73% | 2.07% | -10.14% | |
64 Neutral | $14.64B | 35.85 | 7.80% | 3.71% | 0.72% | 111.53% | |
59 Neutral | $15.60B | 38.34 | 7.16% | 4.56% | 0.85% | -29.53% |
* Real Estate Sector Average
HLDCY
Henderson Land
3.47
0.11
3.40%
EQR
Equity Residential
63.66
2.00
3.24%
MAA
Mid-America Apartment
130.17
-5.78
-4.25%
ESS
Essex Property
283.71
31.41
12.45%
CPT
Camden Property
107.28
3.24
3.11%
AMH
American Homes
33.67
0.07
0.19%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.