Who are Henderson Land's main competitors?

Named competitors: Sun Hung Kai Properties (0016.HK), Sino Land (0083.HK), New World Development (0017.HK), Wharf Holdings (0004.HK). The cockpit's measured peer set (industry) also includes China Overseas (0688.HK), Sumitomo Realty & Development C (8830.T), Hongkong Land (H78.SI), Swire Properties (1972.HK), DLF (DLF.NS), Jones Lang LaSalle (JLL).

Is Henderson Land expensive compared with its peers?

On forward p/e it trades at 17.2× against a peer median of 17.6×, 11th cheapest of 21 in its peer set.

How has Henderson Land stock performed?

Over six months to 6 Nov 2026 the shares returned -11.8% against -4.3% for the median peer; over one year +8.0%.

← CockpitCompetitor Analysis › 0012.HK Henderson LandOpen in the cockpit ↗

Henderson Land0012.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Real Estate›Real Estate Development

Hong Kong family-controlled developer building residential, office and retail property, controlled by the Lee Shau-kee family.

≈ A HK family-run property developerMomentum leader 83

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$18.3B

US dollars, full cap

Free float

27%

of shares outstanding

$/day

$27.2M

20-day average traded

Fwd P/E

17.2×

forward earnings

ROIC−WACC

n/a

WACC 6.5%

Hurdle

n/a

no reverse DCF

Next earnings

137 days

23 Mar 2027

Close · HKDHK$29.70

1D-0.3%

1W+5.9%

1M+14.5%

3M+10.5%

6M-11.8%

YTD+8.3%

1Y+8.0%

ATR %2.0%

52w lowhigh14.5% off high

What Henderson Land does

Hong Kong family-controlled developer building residential, office and retail property, controlled by the Lee Shau-kee family.

Profit arrives in lumps when newly built flats are sold and handed over, cushioned by steadier rent from offices and shops it keeps. It also owns a large stake in Hong Kong and China Gas, whose earnings it books as associate income.

In one line: A HK family-run property developer.

Products and services

Residential property development
Office/retail leasing
Hotel operations
Property management

Customers

HK homebuyers
Office/retail tenants

Where it sits in the supply chain

Real estate
Property development & investment
Residential, office & retail…

What could go right

HK property market recovery
Rental income from investment properties

What could go wrong

HK residential market downturn
High interest-rate financing costs

Moat: narrow (brand, scale, installed base). Long-held HK land bank and family-controlled capital allocation built over five decades.

Headquarters: Hong Kong · Founded: 1976 · Employees: 10,078

Named competitors

Henderson Land at a glance

Size Henderson Land (0012.HK) is a Hong Kong Real Estate company (Real Estate Development) with a market value of $18.3B, the 98th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$29.70 on 6 Nov 2026.

Performance Over six months the shares fell 11.8%, against -4.3% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 7th lowest of 21 in its peer set.

Growth Revenue grew 45.5% over the last twelve months (peer median +1.2%); the operating margin is 20.1% (peer median 21.9%).

Valuation It trades at 17.2× forward earnings against a peer median of 17.6× (11th cheapest of 21).

Next results Next results expected around 23 Mar 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Henderson Land against the median of its 20 peers (local-currency closes).

Henderson Land financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	HK$33.5B	HK$25.8B	HK$25.3B	HK$27.3B	HK$25.4B
Revenue growth	—	+2%	-8%	+7%	—
Gross profit	HK$11.0B	HK$8.23B	HK$9.09B	HK$9.80B	HK$10.3B
EBITDA	HK$7.22B	HK$4.82B	HK$5.60B	HK$6.51B	HK$7.11B
Net income	HK$6.83B	HK$5.65B	HK$6.30B	HK$9.26B	HK$9.24B
Free cash flow	HK$14.7B	HK$7.51B	HK$10.5B	HK$8.84B	HK$8.80B
Capital expenditure	HK$4.18B	HK$3.72B	HK$2.81B	HK$4.57B	HK$3.19B
Total debt	n/a	HK$165B	HK$154B	HK$162B	HK$150B

Quarterly statements and history in the cockpit →

Henderson Land competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Henderson Land is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Henderson Land is the large dot.

Henderson Land competitors and peer comparison

Head to head with its named competitors (0012.HK vs 0016.HK vs 0083.HK vs 0017.HK)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Henderson Land 0012.HK	$18.3B	-12%	+46%	20%	17.2×	n/a
Shk Ppt 0016.HK	$43.5B	-18%	+17%	26%	14.1×	n/a
Sino Land 0083.HK	$12.8B	-20%	+15%	34%	20.4×	n/a
New World Development 0017.HK	$1.68B	-46%	+10%	-8%	n/a	n/a
Wharf (Holdings) 0004.HK	$7.92B	-32%	-1%	41%	15.7×	n/a

How Henderson Land compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Henderson Land against its 20 peers (data as of 6 Nov 2026)
Measure	0012.HK	Peer median	Rank in peer set
1-month return	+14.5%	+7.5%	3rd highest of 21
6-month return	-11.8%	-4.3%	7th lowest of 21
Distance from 52-week high	-14.5%	-14.5%	11th highest of 21
Revenue growth (TTM)	+45.5%	+1.2%	2nd highest of 21
Operating margin	20.1%	21.9%	10th lowest of 21
Forward P/E	17.2×	17.6×	11th cheapest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Henderson Land 0012.HK	Hong Kong	$18.3B	-12%	+46%	20%	17.2×	n/a	n/a
China Overseas 0688.HK	Hong Kong	$18.4B	-13%	+4%	11%	10.2×	n/a	n/a
Sumitomo Realty & Development C 8830.T	Japan	$18.8B	-34%	+5%	29%	12.8×	n/a	n/a
Hongkong Land H78.SI	Singapore	$17.7B	-1%	-25%	23%	20.9×	n/a	n/a
Swire Properties 1972.HK	Hong Kong	$19.4B	+4%	+6%	49%	18.3×	n/a	n/a
DLF DLF.NS	India	$19.7B	+22%	-29%	13%	38.3×	n/a	n/a
Jones Lang LaSalle JLL	United States	$16.9B	+12%	+11%	5%	13.4×	n/a	n/a
Vonovia VNA.DE	Germany	$16.1B	-24%	-17%	40%	9.4×	n/a	n/a
KE Holdings, Inc. Class A 2423.HK	Hong Kong	$21.4B	+3%	-11%	6%	16.8×	n/a	n/a
CK Asset 1113.HK	Hong Kong	$21.9B	-3%	+48%	15%	12.8×	n/a	n/a
Swiss Prime Site SPSN.SW	Switzerland	$13.0B	+1%	-12%	76%	31.7×	n/a	n/a
Sino Land 0083.HK	Hong Kong	$12.8B	-20%	+15%	34%	20.4×	n/a	n/a
Wharf Reic 1997.HK	Hong Kong	$12.6B	+24%	-1%	73%	14.8×	n/a	n/a
Lodha Developers LODHA.NS	India	$12.5B	+22%	+21%	31%	27.0×	n/a	n/a
Mitsui Fudosan 8801.T	Japan	$27.4B	-5%	-10%	14%	14.9×	n/a	n/a
China Res Mixc 1209.HK	Hong Kong	$12.1B	-14%	+10%	28%	18.4×	n/a	n/a
Klepierre LI.PA	France	$11.6B	+8%	+3%	63%	13.1×	n/a	n/a
China Res Land 1109.HK	Hong Kong	$29.1B	-7%	-12%	16%	8.9×	n/a	n/a
Mitsubishi Estate 8802.T	Japan	$29.5B	-12%	+17%	21%	19.2×	n/a	n/a
China Merchants Shekou Industrial Zone 001979.SZ	China	$10.4B	-10%	-22%	1%	69.7×	n/a	n/a
Poly Developments & 600048.SS	China	$10.1B	-9%	-4%	4%	48.6×	n/a	n/a

Questions

Who are Henderson Land's main competitors?: Named competitors: Sun Hung Kai Properties (0016.HK), Sino Land (0083.HK), New World Development (0017.HK), Wharf Holdings (0004.HK). The cockpit's measured peer set (industry) also includes China Overseas (0688.HK), Sumitomo Realty & Development C (8830.T), Hongkong Land (H78.SI), Swire Properties (1972.HK), DLF (DLF.NS), Jones Lang LaSalle (JLL).
Is Henderson Land expensive compared with its peers?: On forward p/e it trades at 17.2× against a peer median of 17.6×, 11th cheapest of 21 in its peer set.
How has Henderson Land stock performed?: Over six months to 6 Nov 2026 the shares returned -11.8% against -4.3% for the median peer; over one year +8.0%.