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Hotel Properties

SGX:H15
Snowflake Description

Unattractive dividend payer and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
H15
SGX
SGD2B
Market Cap
  1. Home
  2. SG
  3. Consumer Services
Company description

Hotel Properties Limited, an investment holding company, owns, manages, and operates hotels in Singapore and internationally. The last earnings update was 23 days ago. More info.


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H15 Share Price and Events
7 Day Returns
-1.9%
SGX:H15
-0.9%
SG Hospitality
-0.4%
SG Market
1 Year Returns
0.3%
SGX:H15
-7.1%
SG Hospitality
2%
SG Market
H15 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hotel Properties (H15) -1.9% -1.9% 6.2% 0.3% -3.5% -11.9%
SG Hospitality -0.9% -1.5% 4.2% -7.1% -2.9% -13.6%
SG Market -0.4% -1.3% 1.4% 2% 3.5% -6.5%
1 Year Return vs Industry and Market
  • H15 outperformed the Hospitality industry which returned -7.1% over the past year.
  • H15 underperformed the Market in Singapore which returned 2% over the past year.
Price Volatility
H15
Industry
5yr Volatility vs Market

H15 Value

 Is Hotel Properties undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hotel Properties to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hotel Properties.

SGX:H15 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in SGD SGD .100000
Payout Ratio Company Filings (2019-09-30) 2536.2%
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year SG Government Bond Rate 1.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:H15
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 17%) (55.18%))
1.273
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.75% + (1.273 * 5.44%)
8.67%

Discounted Cash Flow Calculation for SGX:H15 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Hotel Properties is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

SGX:H15 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= SGD0.1 / (8.67% - 1.75%)
SGD1.44
SGX:H15 Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD1.44
Current discount Discount to share price of SGD3.62
= -1 x (SGD3.62 - SGD1.44) / SGD1.44
-150.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hotel Properties is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hotel Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hotel Properties's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:H15 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in SGD SGD0.03
SGX:H15 Share Price ** SGX (2019-12-02) in SGD SGD3.62
Singapore Hospitality Industry PE Ratio Median Figure of 20 Publicly-Listed Hospitality Companies 23.1x
Singapore Market PE Ratio Median Figure of 381 Publicly-Listed Companies 13.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hotel Properties.

SGX:H15 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:H15 Share Price ÷ EPS (both in SGD)

= 3.62 ÷ 0.03

107x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hotel Properties is overvalued based on earnings compared to the SG Hospitality industry average.
  • Hotel Properties is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does Hotel Properties's expected growth come at a high price?
Raw Data
SGX:H15 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 107x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Singapore Hospitality Industry PEG Ratio Median Figure of 6 Publicly-Listed Hospitality Companies 2.96x
Singapore Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 1.43x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Hotel Properties, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hotel Properties's assets?
Raw Data
SGX:H15 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in SGD SGD4.04
SGX:H15 Share Price * SGX (2019-12-02) in SGD SGD3.62
Singapore Hospitality Industry PB Ratio Median Figure of 31 Publicly-Listed Hospitality Companies 0.9x
Singapore Market PB Ratio Median Figure of 604 Publicly-Listed Companies 0.74x
SGX:H15 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:H15 Share Price ÷ Book Value per Share (both in SGD)

= 3.62 ÷ 4.04

0.9x

* Primary Listing of Hotel Properties.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hotel Properties is good value based on assets compared to the SG Hospitality industry average.
X
Value checks
We assess Hotel Properties's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Hotel Properties has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

H15 Future Performance

 How is Hotel Properties expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hotel Properties has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.2%
Expected Hospitality industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hotel Properties expected to grow at an attractive rate?
  • Unable to compare Hotel Properties's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Hotel Properties's earnings growth to the Singapore market average as no estimate data is available.
  • Unable to compare Hotel Properties's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:H15 Future Growth Rates Data Sources
Data Point Source Value (per year)
Singapore Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Singapore Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 6.4%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 5.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:H15 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:H15 Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SGX:H15 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-09-30 550 77 18
2019-06-30 546 67 38
2019-03-31 558 117 40
2018-12-31 579 155 114
2018-09-30 599 186 211
2018-06-30 635 283 231
2018-03-31 688 244 242
2017-12-31 659 284 170
2017-09-30 664 307 109
2017-06-30 639 213 99
2017-03-31 579 221 96
2016-12-31 578 141 94

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Hotel Properties is high growth as no earnings estimate data is available.
  • Unable to determine if Hotel Properties is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:H15 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Hotel Properties Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:H15 Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SGX:H15 Past Financials Data
Date (Data in SGD Millions) EPS *
2019-09-30 0.03
2019-06-30 0.06
2019-03-31 0.08
2018-12-31 0.22
2018-09-30 0.39
2018-06-30 0.43
2018-03-31 0.48
2017-12-31 0.33
2017-09-30 0.22
2017-06-30 0.20
2017-03-31 0.19
2016-12-31 0.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Hotel Properties will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Hotel Properties's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Services companies here
  2. Hotel Properties's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Hotel Properties's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hotel Properties has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

H15 Past Performance

  How has Hotel Properties performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hotel Properties's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hotel Properties's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Hotel Properties's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Hotel Properties's 1-year earnings growth is negative, it can't be compared to the SG Hospitality industry average.
Earnings and Revenue History
Hotel Properties's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hotel Properties Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:H15 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 550.12 17.63 74.52
2019-06-30 546.06 37.70 73.69
2019-03-31 558.32 40.48 73.55
2018-12-31 579.47 114.35 75.06
2018-09-30 599.18 210.71 79.93
2018-06-30 634.73 231.01 79.44
2018-03-31 687.70 241.55 79.81
2017-12-31 659.16 170.14 76.99
2017-09-30 664.36 109.16 70.25
2017-06-30 639.27 99.05 69.66
2017-03-31 578.79 95.98 69.08
2016-12-31 577.62 94.24 68.77
2016-09-30 536.95 88.76 66.48
2016-06-30 530.24 73.55 65.49
2016-03-31 564.36 72.52 66.11
2015-12-31 579.54 72.48 67.52
2015-09-30 588.03 91.88 69.75
2015-06-30 600.80 90.08 69.59
2015-03-31 558.97 84.89 70.43
2014-12-31 614.64 115.21 69.85
2014-09-30 674.25 109.78 70.79
2014-06-30 708.29 145.11 70.09
2014-03-31 742.73 174.98 66.54
2013-12-31 691.96 168.46 64.53
2013-09-30 654.84 178.10 59.28
2013-06-30 601.86 152.48 58.53
2013-03-31 565.58 137.51 58.27
2012-12-31 542.84 129.80 57.72

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hotel Properties has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hotel Properties used its assets less efficiently than the SG Hospitality industry average last year based on Return on Assets.
  • Hotel Properties's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hotel Properties's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hotel Properties has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

H15 Health

 How is Hotel Properties's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hotel Properties's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hotel Properties's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Hotel Properties's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hotel Properties's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hotel Properties Company Filings, last reported 2 months ago.

SGX:H15 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,205.90 957.43 116.93
2019-06-30 2,192.91 853.98 125.05
2019-03-31 2,251.10 720.85 159.69
2018-12-31 2,256.27 712.41 142.39
2018-09-30 2,253.14 643.04 115.43
2018-06-30 2,222.28 781.94 192.79
2018-03-31 2,275.50 775.36 213.17
2017-12-31 2,184.74 1,004.18 211.80
2017-09-30 2,081.39 1,124.15 210.06
2017-06-30 2,032.40 962.38 94.07
2017-03-31 1,885.43 1,121.12 163.80
2016-12-31 2,028.34 992.31 117.99
2016-09-30 1,963.89 1,041.54 116.48
2016-06-30 1,917.20 1,085.29 79.25
2016-03-31 1,950.31 1,017.87 121.19
2015-12-31 1,949.28 1,078.59 158.83
2015-09-30 1,912.91 1,185.56 173.49
2015-06-30 1,898.82 1,182.87 88.13
2015-03-31 1,966.73 1,161.31 151.41
2014-12-31 1,921.50 1,137.15 146.10
2014-09-30 1,847.96 1,037.30 129.27
2014-06-30 1,822.09 1,088.71 106.18
2014-03-31 1,846.92 1,102.73 103.03
2013-12-31 1,802.25 1,057.55 118.47
2013-09-30 1,756.47 1,139.00 84.97
2013-06-30 1,697.97 1,090.82 104.56
2013-03-31 1,774.92 991.09 113.96
2012-12-31 1,714.50 993.28 102.74
  • Hotel Properties's level of debt (43.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (56.2% vs 43.4% today).
  • Debt is not well covered by operating cash flow (8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Hotel Properties's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hotel Properties has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

H15 Dividends

 What is Hotel Properties's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.76%
Current annual income from Hotel Properties dividends.
If you bought SGD2,000 of Hotel Properties shares you are expected to receive SGD55 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hotel Properties's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.53%).
  • Hotel Properties's dividend is below the markets top 25% of dividend payers in Singapore (5.45%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:H15 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Singapore Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 3.2%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 312 Stocks 4.1%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:H15 Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
SGX:H15 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-04-11 0.100 2.728
2018-04-26 0.100 2.691
2017-04-12 0.080 2.068
2016-04-12 0.080 2.206
2015-04-13 0.100 2.622
2014-04-10 0.080 1.961
2013-04-11 0.075 2.397
2012-04-25 0.050 1.973
2012-04-16 0.050 2.579
2012-02-28 0.050 2.607
2011-04-18 0.020 0.982
2011-02-21 0.020 0.826
2010-04-15 0.020 0.751
2009-04-14 0.010 0.531

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Hotel Properties's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hotel Properties's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hotel Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hotel Properties has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

H15 Management

 What is the CEO of Hotel Properties's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Beng Seng Ong
AGE 73
CEO Bio

Mr. Beng Seng Ong Co-founded Hotel Properties Ltd. and serves as its Managing Director. Mr. Ong is responsible for all aspects of strategic planning and business development activities of the HPL Group. He has 30 years of experience in the hotel and property development, hotel management, real estate and retail industries. He has been an Executive Non-Independent Director of Hotel Properties Limited since March 5, 1980. He joined Motor & General Underwriters Investment Holdings Ltd in 1972. Mr. Ong is an Associate of Chartered Insurance Institute of England.

CEO Compensation
  • Insufficient data for Beng Seng to compare compensation growth.
  • Insufficient data for Beng Seng to establish whether their remuneration is reasonable compared to companies of similar size in Singapore.
Management Team

Christopher Lim

TITLE
Group Executive Director
AGE
63

Stephen Lau

TITLE
Executive Director
AGE
64

Beng Seng Ong

TITLE
MD & Executive Director
AGE
73

Michelle Lo

TITLE
Company Secretary
TENURE
14.7 yrs

Guek Hong Lim

TITLE
Company Secretary
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Hotel Properties board of directors in years:

13
Average Tenure
64
Average Age
  • The average tenure for the Hotel Properties board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Arthur Tan

TITLE
Independent Chairman of the Board
AGE
63
TENURE
6.6 yrs

Christopher Lim

TITLE
Group Executive Director
AGE
63
TENURE
21.9 yrs

Stephen Lau

TITLE
Executive Director
AGE
64
TENURE
11.6 yrs

Beng Seng Ong

TITLE
MD & Executive Director
AGE
73
TENURE
39.8 yrs

Leslie Mah

TITLE
Independent Director
AGE
73
TENURE
22.3 yrs

David Fu

TITLE
Non-Executive Director
AGE
58
TENURE
14.3 yrs

William Fu

TITLE
Non-Executive Non-Independent Director
AGE
72
TENURE
10.1 yrs

Lawrence Wong

TITLE
Non-Executive & Independent Director
AGE
64
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Hotel Properties individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
30. Sep 19 Buy Kuo Chen Fu Individual 27. Sep 19 27. Sep 19 1,700,000 SGD3.45 SGD5,865,000
30. Sep 19 Buy 68 Holdings Pte. Ltd. Company 27. Sep 19 27. Sep 19 3,000,000 SGD3.45 SGD10,350,001
30. Sep 19 Buy Beng Seng Ong Individual 27. Sep 19 27. Sep 19 9,377,800 SGD3.45 SGD32,353,412
26. Aug 19 Buy Beng Seng Ong Individual 23. Aug 19 23. Aug 19 2,951,000 SGD3.80 SGD11,213,802
X
Management checks
We assess Hotel Properties's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hotel Properties has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

H15 News

Simply Wall St News

Hotel Properties (SGX:H15) Has A Somewhat Strained Balance Sheet

We can see that Hotel Properties Limited (SGX:H15) does use debt in its business. … Check out our latest analysis for Hotel Properties What Is Hotel Properties's Net Debt? … Over the most recent three years, Hotel Properties recorded free cash flow worth 77% of its EBIT, which is around normal, given free cash flow excludes interest and tax.

Simply Wall St -

Could Hotel Properties Limited's (SGX:H15) Investor Composition Influence The Stock Price?

The big shareholder groups in Hotel Properties Limited (SGX:H15) have power over the company. … View our latest analysis for Hotel Properties SGX:H15 Ownership Summary, July 17th 2019 What Does The Lack Of Institutional Ownership Tell Us About Hotel Properties? … Insider Ownership Of Hotel Properties The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Introducing Hotel Properties (SGX:H15), A Stock That Climbed 11% In The Last Three Years

That's what has happened with the Hotel Properties Limited (SGX:H15) share price. … Over the last three years, Hotel Properties failed to grow earnings per share, which fell 19% (annualized). … It is important to consider the total shareholder return, as well as the share price return, for any given stock.

Simply Wall St -

Should You Buy Hotel Properties Limited (SGX:H15) For Its Dividend?

Is Hotel Properties Limited (SGX:H15) a good dividend stock? How would you know? Dividend paying companies with growing earnings can be highly rewarding in the long term. Unfortunately, it's common for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. Investors might not know much about Hotel Properties's dividend prospects, even though it has been paying dividends for the last nine years and offers a 2.6% yield. A low yield is generally a turn-off, but if the prospects for earnings growth were strong, investors might be pleasantly surprised by the long-term results. There are a few simple ways to reduce the risks of buying Hotel Properties for its dividend, and we'll go through these below. Explore this interactive chart for our latest analysis on Hotel Properties! SGX:H15 Historical Dividend Yield, June 25th 2019 Payout ratios Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Comparing dividend payments to a company's net profit after tax is a simple way of reality-checking whether a dividend is sustainable. In the last year, Hotel Properties paid out 53% of its profit as dividends. This is a fairly normal payout ratio among most businesses. It allows a higher dividend to be paid to shareholders, but does limit the capital retained in the business - which could be good or bad. We also measure dividends paid against a company's levered free cash flow, to see if enough cash was generated to cover the dividend. Last year, Hotel Properties paid a dividend while reporting negative free cash flow. While there may be an explanation, we think this behaviour is generally not sustainable. It's positive to see that Hotel Properties's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. Is Hotel Properties's Balance Sheet Risky? As Hotel Properties has a meaningful amount of debt, we need to check its balance sheet to see if the company might have debt risks. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. … Looking at the last decade of data, we can see that Hotel Properties paid its first dividend at least nine years ago. … Dividend Growth Potential With a relatively unstable dividend, it's even more important to evaluate if earnings per share (EPS) are growing - it's not worth taking the risk on a dividend getting cut, unless you might be rewarded with larger dividends in future. Over the past five years, it looks as though Hotel Properties's EPS have declined at around 26% a year. Declining earnings per share over a number of years is not a great sign for the dividend investor. Without some improvement, this does not bode well for the long term value of a company's dividend. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Should Hotel Properties Limited (SGX:H15) Focus On Improving This Fundamental Metric?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Hotel Properties: 2.2% = S$40m ÷ S$2.3b (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Hotel Properties Have A Good Return On Equity? … Combining Hotel Properties's Debt And Its 2.2% Return On Equity Although Hotel Properties does use debt, its debt to equity ratio of 0.36 is still low.

Simply Wall St -

Hotel Properties Limited (SGX:H15): 3 Days To Buy Before The Ex-Dividend Date

Have you been keeping an eye on Hotel Properties Limited's (SGX:H15) upcoming dividend of S$0.10 per share payable on the 23 May 2019? … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … 5 checks you should use to assess a dividend stock?

Simply Wall St -

Is Hotel Properties Limited (SGX:H15) A Financially Sound Company?

While small-cap stocks, such as Hotel Properties Limited (SGX:H15) with its market cap of S$1.9b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

Did You Miss Hotel Properties's 24% Share Price Gain?

For example, the Hotel Properties Limited (SGX:H15) share price is up 24% in the last 5 years, clearly besting than the market return of around -1.2% (ignoring dividends). … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, Hotel Properties actually saw its EPS drop 7.9% per year.

Simply Wall St -

Read This Before You Buy Hotel Properties Limited (SGX:H15) Because Of Its P/E Ratio

To keep it practical, we'll show how Hotel Properties Limited's (SGX:H15) P/E ratio could help you assess the value on offer. … Hotel Properties has a price to earnings ratio of 10.07, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Does Hotel Properties Limited (SGX:H15) Have A Place In Your Portfolio?

Historically, Hotel Properties Limited (SGX:H15) has paid a dividend to shareholders. … Let's dig deeper into whether Hotel Properties should have a place in your portfolio. … View our latest analysis for Hotel Properties

Simply Wall St -

H15 Company Info

Description

Hotel Properties Limited, an investment holding company, owns, manages, and operates hotels in Singapore and internationally. It operates through Hotels, Properties, and Others segments. The company owns and operates 32 hotels under the Four Seasons, Hilton International, Como Hotels, InterContinental Hotels Group, Six Senses Hotels, Hard Rock Hotels, and Concorde Hotels & Resorts brand names, as well as resorts and shopping galleries in Singapore, Malaysia, Thailand, Indonesia, Maldives, Seychelles, Vanuatu, the United States, the United Kingdom, Bhutan, Tanzania, South Africa, and Vietnam. It also engages in the rental and sale of residential properties and commercial units; property development and project management activities; trading of quoted investments and share dealing; card service operations; casino operations; and provision of administrative and information services. The company was incorporated in 1980 and is based in Singapore.

Details
Name: Hotel Properties Limited
H15
Exchange: SGX
Founded: 1980
SGD1,886,520,830
521,138,351
Website: http://www.hotelprop.com.sg
Address: Hotel Properties Limited
HPL House,
No. 08-01, 50 Cuscaden Road,
Singapore,
249724,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX H15 Ordinary Shares Singapore Exchange SG SGD 17. Jun 1992
Number of employees
Current staff
Staff numbers
0
Hotel Properties employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/06 12:49
End of day share price update: 2019/12/02 00:00
Last estimates confirmation: 2019/02/26
Last earnings filing: 2019/11/13
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.