Hang Lung Properties Limited (HLPPY) Fair Value & Analysis
Real Estate · US · Market cap $4.8B
Hang Lung Properties Limited
HLPPY · US
Fair value as of: Jul 26, 2026
From 16 valuation models · updated 15 days ago
Share price +2.2% over the past month.
A solid business, but screening 19% overvalued on our models.
What matters now
- Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range ($2.82 to $6.96) leaves room in how you read the outcome.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 26, 2026.
How to read this chart
60‑month range $2.97 – $9.99 · fair‑value band $2.82 – $6.96 · the $4.66 price screens above the $3.76 fair value. Dashed = 300-day average. As of Jul 26, 2026.
Analysis
Hang Lung Properties Limited (HLPPY) currently trades at $4.66, while our model-based Fair Value estimate is $3.76, implying the stock looks roughly 19.3% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Hang Lung Properties Limited generated revenue of $10.0B at a net margin of 18.2%. Revenue declined 2.9% year over year. It earns a return on equity of 1.6%. Net debt stands at $47.8B. Fundamentals as of Jul 26, 2026
Our scenario range runs from $2.82 (bear case) to $6.96 (bull case); at $4.66, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at -19%, HLPPY screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 16 models by family
Widest divergence: Asset-Based ($86.74) versus Dividend Discount ($10.03). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 26, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 39
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Hang Lung Properties Limited, an investment holding company, operates as a property developer in Hong Kong and Mainland China. It operates through Property Leasing, Hotels, and Property Sales segments.
Full company description
Hang Lung Properties Limited, an investment holding company, operates as a property developer in Hong Kong and Mainland China. It operates through Property Leasing, Hotels, and Property Sales segments. The company is involved in property development, sale, and leasing, as well as car park management and property management; develops, holds, and manages commercial complexes; and customer engagement business, including hello Hang Lung mall rewards program and House 66. Its properties include a portfolio of retail, office, residential, and serviced apartments. The company was incorporated in 1949 and is headquartered in Central, Hong Kong. Hang Lung Properties Limited operates as a subsidiary of Hang Lung Group Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Hang Lung Properties Limited reported revenue of $9.9B in FY2025 versus $10.3B in FY2021, a compound −0.9%/yr. Reported net income was $1.8B in FY2025, compounding −17.4%/yr from FY2021.
HLPPY screens 19% overvalued. Compare with Vingroup Joint Stock Company →
Peer Group
Real Estate Services · 521 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Real Estate Services median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Vingroup Joint Stock Company VIC | 223,000 VND | 25,731 VND | -88% |
| KE Holdings 2423 | HK$44.76 | HK$18.03 | -60% |
| Swire Properties Limited 1972 | HK$23.90 | HK$18.75 | -22% |
| Plaza S.A MALLPLAZA | 3,725 CLP | 5,571 CLP | +50% |
| SAGAA SAGAA | kr 170.00 | kr 75.55 | -56% |
| Cencosud Shopping S.A CENCOMALLS | 2,324 CLP | 2,976 CLP | +28% |
| PT Sarana Menara Nusantara Tbk. owns and TOWR | 372.00 IDR | 1,208 IDR | +225% |
| PT Metropolitan Kentjana Tbk MKPI | 20,975 IDR | 19,160 IDR | -9% |
| PT Bangun Kosambi Sukses Tbk, CBDK | 3,530 IDR | 3,464 IDR | -2% |
| IRSA Inversiones y Representaciones Sociedad Anónima, IRSA | 2,495 ARS | 3,998 ARS | +60% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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