Henderson Land Development Company Limited (HLD) - Net Assets
Based on the latest financial reports, Henderson Land Development Company Limited (HLD) has net assets worth €338.73 Billion EUR as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€532.57 Billion) and total liabilities (€193.84 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €338.73 Billion |
| % of Total Assets | 63.6% |
| Annual Growth Rate | 3.72% |
| 5-Year Change | 2.52% |
| 10-Year Change | 32.9% |
| Growth Volatility | 3.74 |
Henderson Land Development Company Limited - Net Assets Trend (2013–2024)
This chart illustrates how Henderson Land Development Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Henderson Land Development Company Limited (2013–2024)
The table below shows the annual net assets of Henderson Land Development Company Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €340.58 Billion | -1.02% |
| 2023-12-31 | €344.10 Billion | -0.30% |
| 2022-12-31 | €345.15 Billion | -2.00% |
| 2021-12-31 | €352.18 Billion | +6.02% |
| 2020-12-31 | €332.19 Billion | +2.09% |
| 2019-12-31 | €325.39 Billion | +2.33% |
| 2018-12-31 | €317.99 Billion | +6.49% |
| 2017-12-31 | €298.61 Billion | +10.88% |
| 2016-12-31 | €269.30 Billion | +5.09% |
| 2015-12-31 | €256.27 Billion | +5.37% |
| 2014-12-31 | €243.22 Billion | +6.67% |
| 2013-12-31 | €228.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Henderson Land Development Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 67.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €274.82 Billion | 85.31% |
| Other Components | €47.32 Billion | 14.69% |
| Total Equity | €322.15 Billion | 100.00% |
Henderson Land Development Company Limited Competitors by Market Cap
The table below lists competitors of Henderson Land Development Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Geberit AG
SW:GEBN
|
$18.11 Billion |
|
Chocoladefabriken Lindt & Spruengli AG N
SW:LISN
|
$18.11 Billion |
|
Guosen Securities Co Ltd
SHE:002736
|
$18.12 Billion |
|
Weyerhaeuser Company
NYSE:WY
|
$18.14 Billion |
|
JSC National Atomic Company Kazatomprom
IL:KAP
|
$18.08 Billion |
|
Terna - Rete Elettrica Nazionale Società per Azioni
F:UEI
|
$18.03 Billion |
|
Sichuan Biokin Pharmaceutical Co. Ltd. A
SHG:688506
|
$18.03 Billion |
|
Bank of Hangzhou Co Ltd
SHG:600926
|
$18.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Henderson Land Development Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 326,542,000,000 to 322,147,000,000, a change of -4,395,000,000 (-1.3%).
- Net income of 6,296,000,000 contributed positively to equity growth.
- Dividend payments of 8,715,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €6.30 Billion | +1.95% |
| Dividends Paid | €8.71 Billion | -2.71% |
| Other Changes | €-1.98 Billion | -0.61% |
| Total Change | €- | -1.35% |
Book Value vs Market Value Analysis
This analysis compares Henderson Land Development Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.05x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €60.55 | €3.24 | x |
| 2018-12-31 | €64.69 | €3.24 | x |
| 2019-12-31 | €66.28 | €3.24 | x |
| 2020-12-31 | €67.67 | €3.24 | x |
| 2021-12-31 | €69.20 | €3.24 | x |
| 2022-12-31 | €67.74 | €3.24 | x |
| 2023-12-31 | €67.45 | €3.24 | x |
| 2024-12-31 | €66.54 | €3.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Henderson Land Development Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.93%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.65x
- Recent ROE (1.95%) is below the historical average (5.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 7.14% | 68.48% | 0.08x | 1.36x | €-6.39 Billion |
| 2014 | 7.03% | 71.68% | 0.07x | 1.33x | €-7.06 Billion |
| 2015 | 8.49% | 90.21% | 0.07x | 1.34x | €-3.80 Billion |
| 2016 | 8.32% | 85.72% | 0.07x | 1.35x | €-4.44 Billion |
| 2017 | 10.38% | 124.46% | 0.06x | 1.40x | €1.12 Billion |
| 2018 | 9.95% | 141.74% | 0.05x | 1.41x | €-158.30 Million |
| 2019 | 5.30% | 70.27% | 0.05x | 1.42x | €-15.09 Billion |
| 2020 | 3.11% | 40.74% | 0.05x | 1.41x | €-22.57 Billion |
| 2021 | 3.94% | 56.08% | 0.04x | 1.64x | €-20.31 Billion |
| 2022 | 2.82% | 36.16% | 0.05x | 1.62x | €-23.56 Billion |
| 2023 | 2.84% | 33.59% | 0.05x | 1.66x | €-23.39 Billion |
| 2024 | 1.95% | 24.93% | 0.05x | 1.65x | €-25.92 Billion |
Industry Comparison
This section compares Henderson Land Development Company Limited's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $37,021,872,627
- Average return on equity (ROE) among peers: 4.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Henderson Land Development Company Limited (HLD) | €338.73 Billion | 7.14% | 0.57x | $18.08 Billion |
| Appeninn Vagyonkezelo Holding Nyilvanosan Mukodo Reszvenytarsasag (0AP) | $74.18 Million | -7.79% | 2.18x | $87.39 Million |
| AS Pro Kapital Grupp (17E) | $82.68 Million | -0.51% | 1.12x | $51.03 Million |
| Daito Trust Construction Co.Ltd (4D7) | $308.20 Billion | 20.21% | 1.98x | $6.37 Billion |
| ECHO INVESTMENT ZY 005 (4I3) | $2.01 Billion | -0.70% | 2.37x | $505.86 Million |
| FASTIG. AB TRIANON B (7J00) | $5.31 Billion | 5.81% | 1.58x | $311.32 Million |
| 9M00 (9M00) | $874.99 Million | 17.50% | 1.09x | $42.65 Million |
| John Mattson Fastighetsföretagen AB (publ) (AR5) | $5.25 Billion | 25.38% | 2.15x | $413.12 Million |
| COREM PROPERTY GRP CL.D (BJV) | $16.49 Billion | -20.08% | 2.22x | $190.29 Million |
| Century City International Holdings Limited (CQA2) | $20.26 Billion | 0.02% | 0.86x | $27.79 Million |
| Diös Fastigheter AB (publ) (D1F) | $11.66 Billion | 5.93% | 1.76x | $860.78 Million |
About Henderson Land Development Company Limited
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, Department Stores and Supermarket-Cum-Stores Operations, Hotel Room Operation, Other Businesses, and Utility and Energy segments. The Property Development segme… Read more