Henderson Land (HLDCY)
OTHER OTC:HLDCY
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Henderson Land
(OTC:HLDCY)
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Rating:63Neutral
Price Target:
$4.50
â–²(19.36% Upside)
Action:Reiterated
Date:04/29/26
The score is driven primarily by solid 2025 revenue growth and strong current-year cash generation, but is held back by multi-year margin compression, a sharp rise in debt, and persistently low ROE. Technical signals are neutral-to-slightly weak, while valuation is supported by a high dividend yield but moderated by a mid-to-high P/E.
Positive Factors
Strong operating and free cash flow
Robust OCF and FCF (~12.3B in 2025) provide durable internal funding for project development, dividends or debt reduction. Strong cash generation improves financial flexibility over the medium term and supports capital allocation even if earnings volatility returns.
Negative Factors
Multi‑year margin compression
Declining net margins (down to ~21% from ~25%) signal deteriorating profitability per sale or higher operating/valuation pressures. If structural, margin erosion reduces the conversion of revenue into sustainable earnings and limits the firm's ability to fund growth or returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong operating and free cash flow
Robust OCF and FCF (~12.3B in 2025) provide durable internal funding for project development, dividends or debt reduction. Strong cash generation improves financial flexibility over the medium term and supports capital allocation even if earnings volatility returns.
Read all positive factors
Henderson Land (HLDCY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$20.31B
Dividend Yield6.31%
Average Volume (3M)395.00
Price to Earnings (P/E)12.3
Beta (1Y)0.21
Revenue Growth2.07%
EPS Growth-10.14%
CountryUS
Employees9,970
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-2.39
Price to Book (P/B)0.42
Price to Sales (P/S)5.13
P/FCF Ratio10.94
Enterprise Value/Market Cap14.69
Enterprise Value/Revenue11.50
Enterprise Value/Gross Profit36.67
Enterprise Value/Ebitda39.09
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.2
Revenue Forecast (FY)$3.58B
Henderson Land Business Overview & Revenue Model
Company Description
Henderson Land Development Company Limited, an investment holding company, engages in the property development and investment activities in Hong Kong and Mainland China. The company operates through Property Development, Property Leasing, Departme...
How the Company Makes Money
Henderson Land primarily makes money through (1) property development sales, (2) recurring rental income from investment properties, and (3) hospitality operations, with additional contributions from other investments and property-related services...
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 | 26.27B | 25.26B | 27.57B | 25.44B | 23.89B |
| Gross Profit | 8.30B | 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 | 12.32B | 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
Positive
3.77
Price Trends
3.99
Positive
4.02
Positive
3.81
Positive
Market Momentum
0.09
Positive
50.91
Neutral
23.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HLDCY, the sentiment is Positive. The current price of 3.77 is below the 20-day moving average (MA) of 4.13, below the 50-day MA of 3.99, and below the 200-day MA of 3.81, indicating a bullish trend. The MACD of 0.09 indicates Positive momentum. The RSI at 50.91 is Neutral, neither overbought nor oversold. The STOCH value of 23.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $24.51B | 61.67 | 8.71% | 4.52% | 4.66% | -4.42% | |
71 Outperform | $18.09B | 36.72 | 10.35% | 3.98% | 5.27% | -14.94% | |
71 Outperform | $11.60B | 19.37 | 6.65% | 3.81% | 5.40% | 14.43% | |
67 Neutral | $15.30B | 28.59 | 6.78% | 4.42% | 0.77% | -31.36% | |
66 Neutral | $14.15B | 60.29 | 8.86% | 3.90% | 1.45% | 230.03% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | $20.31B | 12.31 | 1.76% | 6.31% | 2.07% | -10.14% |
* Real Estate Sector Average
HLDCY
Henderson Land
4.14
1.17
39.49%
EQR
Equity Residential
65.74
-0.23
-0.35%
MAA
Mid-America Apartment
128.47
-20.71
-13.88%
ESS
Essex Property
272.63
5.52
2.07%
CPT
Camden Property
105.06
-5.93
-5.34%
AMH
American Homes
31.71
-4.77
-13.09%
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.