Momentum
Relative Strength (%)
1m -4.8%
3m -9.6%
1yr -9.0%
Volume Change (%)
10d v 3m -12.3%
Price vs... (%)
52w High -14.6%
50d MA -5.35%
200d MA -7.27%
vs.
market
vs.
industry
Growth & Value
12m Forecast Rolling
PE Ratio (ttm) 5.93
PEG Ratio (ttm) n/a
EPS Growth (ttm) n/a %
Dividend Yield (ttm) 6.08 %
Valuation (ttm)
Price to Book Value 0.96
Price to Tang. Book 0.96
Price to Free Cashflow 22.0
Price to Sales 5.55
EV to EBITDA 6.09
Margin of Safety (beta)
Screens Passed

HFEL doesn't qualify for our screens.
Find out why:   View Checklists

vs.
market
vs.
industry
Quality
Return on Capital 16.0 %
Return on Equity 16.6 %
Operating Margin 93.0 %
Balance Sheet · Income Statement · Cashflow Financial Summary
Year End 31st Aug 2009 2010 2011 2012 2013 2014 TTM 2015E 2016E CAGR / Avg
Revenue £m 11.1 48.6 10.8 29.9 39.3 42.7 62.5 +30.9%
Operating Profit £m 8.59 45.3 7.06 26.3 34.6 38.5 58.1 +35.0%
Net Profit £m 7.73 43.8 5.68 24.8 32.8 36.6 56.0 +36.4%
EPS Reported p 9.79 47.8 5.74 24.5 31.8 34.6 52.1 +28.7%
EPS Normalised p 9.79 47.8 5.74 24.5 31.8 34.6 52.1 +28.7%
EPS Growth % +116 +388 -88.0 +326.8 +29.9 +8.5
PE Ratio x 8.94 5.93 n/a n/a
PEG x n/a n/a n/a n/a
Profitability
Operating Margin % 77.4 93.2 65.3 87.9 87.9 90.1 93.0 +83.6%
ROA % 17.3 2.0 8.1 9.6 9.8 15.3
ROCE % 4.0 15.9 2.5 8.8 10.6 10.8 16.0 +8.8%
ROE % 17.5 2.0 8.4 10.5 10.7 16.6 +9.8%
Cashflow
Op. Cashflow ps p -8.21 -32.7 7.48 -6.78 -3.15 11.9 14.7
Capex ps p 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Free Cashflow ps p -8.21 -32.7 7.48 -6.78 -3.15 11.9 14.7
Last ex-div: 6th Aug, paid: 28th Aug more... Dividends
Dividend ps p 12.4 13.6 15.0 16.0 17.0 18.2 18.8 +8.0%
Dividend Growth % +3.33 +9.68 +10.3 +6.67 +6.25 +7.06 +6.82
Dividend Yield % 5.89 6.08
Dividend Cover x 0.79 3.51 0.39 1.53 1.87 1.90 2.77
Balance Sheet
Cash etc £m 3.85 2.45 3.29 6.08 4.26 7.45 9.28 +14.1%
Working Capital £m 8.74 3.81 4.31 -11.4 -23.1 -12.4 -14.1
Net Fixed Assets £m 206.8 281.1 283.1 311.9 348.9 367.4 377.7 +12.2%
Net Debt £m -2.38 1.18 -2.78 15.3 26.9 19.7 6.97
Book Value £m 215.5 284.9 287.4 300.5 325.8 355 363.7 +10.5%
Average Shares m 79.0 91.6 98.9 101.1 102.9 105.8 106.9 +6.0%
Book Value ps p 258.5 295 287.1 295.8 312.2 328.4 329.4 +4.9%

FINANCIAL BRIEF: For the six months ended 28 February 2015, Henderson Far East Income Limited revenues increased from -L5.7M to L14.1M. Net income totaled L11.4M vs. loss of L8.1M. Revenues reflect Losses/Gains on investments held at fair increase from -L13.2M to L7.4M, Other income increase of 55% to L1M. Dividend per share remained flat at L0.09. Basic Earnings per Share excluding Extraordinary Items increased from -L0.08 to L0.10. more »

Health Trend
Bankruptcy Risk
N/A Earnings Manipulation Risk
Magic Formula Score
Other Ratios
Leverage (ttm) Total Ex Intang
Gross Gearing % 4.47 4.47
Net Gearing % 1.92 1.92
Cash / Assets % 2.32
Liquidity (ttm)
Curr. Ratio 0.62
Quick Ratio 0.62
Interest Cov. n/a
Efficiency (ttm)
Asset Turnover 0.16
Rec's Turnover n/a
Stock Turnover n/a
vs.
market
vs.
industry
Recent History
Latest interim period (ended 28th Feb '15) vs. prior year
Sales Growth n/a %
EPS Growth n/a %
3yr Compound Annual Growth Rate
Sales Growth 58.1 %
EPS Growth 81.9 %
DPS Growth 6.66 %
Graphical History Current Fiscal Year 2015

Broker Forecasts
31st Aug 2015
31st Aug 2016

Price Target: N/A
Net Profit EPS DPS Net Profit EPS DPS
Est. Long Term Growth Rate: n/a (£) (p) (p) (£) (p) (p)
Consensus Estimate - - - - - -
1m Change - - - - - -
3m Change - - - - - -
Broker Consensus Trend
Broker Recommendations for Henderson Far East Income Closed Fund
Recommendation:Strong SellSellHoldBuyStrong Buy
No. of Analysts: 0 1 0 0 0

Named Brokers and Analysts
There are no named brokers.

Profile Summary

Henderson Far East Income Limited is a Jersey-based closed-end investment company. The Company seeks to provide investors with dividends as well as capital appreciation over the long term, from a diversified portfolio of investments traded on the Pacific, Australasian, Japanese and Indian stock markets (Asia Pacific region). It makes investments in a diversified portfolio of securities (including debt securities) issued by companies listed on stock exchanges in, or which are based in or whose business activities are concentrated on, the Asia Pacific region or by governments in the Asia Pacific region. Investment is primarily in listed equities, but also includes preference shares, debt, convertible securities, warrants and other equity related securities including unlisted securities which are expected to list, and investment in collective investment schemes. The Company holds stocks in 12 countries across the region and no single country represent more than 20% of the portfolio.

Directors: Satbinder Duhra (OTH) , Michael Kerley (OTH) , Jeremy Hamon (SEC) , John Russell (NEC) 67, Julia Chapman (NED) , David Staples (NED) 57, David Mashiter (NID) 61, Simon Meredith Hardy (NID) 64,

No. of Employees: 0 No. of Shareholders: n/a


Last Annual August 31st, 2014
Last Interim February 28th, 2015
Incorporated November 6, 2006
Shares in Issue 112,245,564
Free Float 112.2m (99.9%)
Sector Financials
Industry Collective Investments
Index FTSE All Share , FTSE All Share Financials , FTSE All Share Equity Investment Instruments , FTSE Small Cap ,
Exchange London Stock Exchange (Full) (Dual Listing)
Eligible for an ISA? a SIPP?

Address BNP House,Anley Street, SAINT HELIER, JE2 3QE, Jersey
Web http://www.henderson.com
Phone +44 1534 709108
Contact ()
Auditors KPMG Channel Islands Limited

HFEL Share Price Performance HFELQuote
308.97p
-0.0  -0.0%
Traded 10:00am · Minimum 15 min delayed · NMS: 0.750k

Latest HFEL News Announcements (delayed)

Upcoming HFEL Events

Recent ↓
Thursday 7th May, 2015
Dividend For HFEL.L
Thursday 12th February, 2015
Dividend For HFEL.L
Wednesday 17th December, 2014
Henderson Far East Income Ltd Annual Shareholders Meeting
Thursday 6th November, 2014
Dividend For HFEL.L
Wednesday 6th August, 2014
Dividend For HFEL.L


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