Financials Grande Hospitality Real Estate Investment Trust

Equities

GAHREIT

TH8291010008

Specialized REITs

End-of-day quote Thailand S.E. 18:00:00 2024-05-30 EDT 5-day change 1st Jan Change
6.45 THB +0.78% Intraday chart for Grande Hospitality Real Estate Investment Trust +1.57% -14.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,658 1,597 1,378 1,527 1,492 1,316
Enterprise Value (EV) 1 1,656 1,596 1,334 1,476 1,432 1,250
P/E ratio 12 x 12.8 x 12.9 x 14.1 x 13 x 8.62 x
Yield 6.35% 6.59% 7.64% 6.9% 7.06% 8.13%
Capitalization / Revenue 12.6 x 12.1 x 10.5 x 11.7 x 11.4 x 9.98 x
EV / Revenue 12.6 x 12.1 x 10.2 x 11.3 x 10.9 x 9.48 x
EV / EBITDA - - - - - -
EV / FCF 27.5 x 26.6 x 21.8 x 14.3 x 21.7 x 37.7 x
FCF Yield 3.63% 3.76% 4.59% 6.97% 4.61% 2.65%
Price to Book 0.9 x 0.86 x 0.74 x 0.82 x 0.79 x 0.68 x
Nbr of stocks (in thousands) 175,500 175,500 175,500 175,500 175,500 175,500
Reference price 2 9.450 9.100 7.850 8.700 8.500 7.500
Announcement Date 19-02-25 20-02-21 21-02-22 22-02-18 23-02-15 24-02-14
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 131.3 131.5 131.1 131 131.2 131.8
EBITDA - - - - - -
EBIT 1 120 120.2 120.2 120.2 120.3 120.3
Operating Margin 91.4% 91.4% 91.65% 91.74% 91.7% 91.26%
Earnings before Tax (EBT) 1 138.5 124.3 106.8 108.5 115.2 152.7
Net income 1 138.5 124.3 106.8 108.5 115.2 152.7
Net margin 105.49% 94.52% 81.45% 82.86% 87.79% 115.83%
EPS 2 0.7891 0.7083 0.6084 0.6184 0.6562 0.8701
Free Cash Flow 1 60.15 59.94 61.18 102.9 66.07 33.18
FCF margin 45.82% 45.58% 46.67% 78.56% 50.37% 25.17%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) 43.43% 48.22% 57.3% 94.81% 57.38% 21.73%
Dividend per Share 2 0.6000 0.6000 0.6000 0.6000 0.6000 0.6100
Announcement Date 19-02-25 20-02-21 21-02-22 22-02-18 23-02-15 24-02-14
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2.52 1.26 44 51.1 59.8 66
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 60.1 59.9 61.2 103 66.1 33.2
ROE (net income / shareholders' equity) 7.64% 6.71% 5.73% 5.82% 6.15% 8.03%
ROA (Net income/ Total Assets) 3.94% 3.87% 3.85% 3.88% 3.9% 3.81%
Assets 1 3,513 3,214 2,776 2,799 2,952 4,008
Book Value Per Share 2 10.50 10.60 10.60 10.60 10.70 11.00
Cash Flow per Share 2 0.0100 0.0100 0.0100 0.0100 0.0200 0.0100
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 19-02-25 20-02-21 21-02-22 22-02-18 23-02-15 24-02-14
1THB in Million2THB
Estimates
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