Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to MU₨15.60, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 5x in the Hospitality industry in Mauritius. Total loss to shareholders of 14% over the past three years. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Jean-Francois Maurel was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Jun 06
Hotelest Limited, Annual General Meeting, Jun 27, 2025 Hotelest Limited, Annual General Meeting, Jun 27, 2025, at 09:30 Arabian Standard Time. Location: boardroom of la maison 1794, constance, centre de flacq, Mauritius 공시 • May 15
Hotelest Limited announces Annual dividend, payable on June 27, 2025 Hotelest Limited announced Annual dividend of MUR 0.3500 per share payable on June 27, 2025, ex-date on May 29, 2025 and record date on June 02, 2025. Reported Earnings • Nov 17
Third quarter 2024 earnings released: MU₨1.60 loss per share (vs MU₨1.29 loss in 3Q 2023) Third quarter 2024 results: MU₨1.60 loss per share (further deteriorated from MU₨1.29 loss in 3Q 2023). Revenue: MU₨1.26b (up 13% from 3Q 2023). Net loss: MU₨89.6m (loss widened 25% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 17
Second quarter 2024 earnings released: MU₨1.41 loss per share (vs MU₨1.67 loss in 2Q 2023) Second quarter 2024 results: MU₨1.41 loss per share (improved from MU₨1.67 loss in 2Q 2023). Revenue: MU₨1.26b (up 6.8% from 2Q 2023). Net loss: MU₨78.8m (loss narrowed 16% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 04
Upcoming dividend of MU₨0.25 per share Eligible shareholders must have bought the stock before 10 July 2024. Payment date: 02 August 2024. The company last paid an ordinary dividend in August 2015. The average dividend yield among industry peers is 5.3%. 공시 • Jun 21
Hotelest Limited, Annual General Meeting, Jun 27, 2024 Hotelest Limited, Annual General Meeting, Jun 27, 2024, at 10:15 Arabian Standard Time. Location: la maison 1794, constance, centre de flacq, Mauritius Reported Earnings • May 14
First quarter 2024 earnings released: EPS: MU₨3.78 (vs MU₨4.19 in 1Q 2023) First quarter 2024 results: EPS: MU₨3.78 (down from MU₨4.19 in 1Q 2023). Revenue: MU₨1.86b (up 3.9% from 1Q 2023). Net income: MU₨211.6m (down 9.7% from 1Q 2023). Profit margin: 11% (down from 13% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Third quarter 2023 earnings released: MU₨1.29 loss per share (vs MU₨1.13 loss in 3Q 2022) Third quarter 2023 results: MU₨1.29 loss per share (further deteriorated from MU₨1.13 loss in 3Q 2022). Revenue: MU₨1.12b (up 6.2% from 3Q 2022). Net loss: MU₨72.0m (loss widened 14% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 16
Second quarter 2023 earnings released: MU₨1.67 loss per share (vs MU₨1.38 loss in 2Q 2022) Second quarter 2023 results: MU₨1.67 loss per share (further deteriorated from MU₨1.38 loss in 2Q 2022). Revenue: MU₨1.18b (up 12% from 2Q 2022). Net loss: MU₨93.4m (loss widened 21% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 11
First quarter 2023 earnings released: EPS: MU₨4.19 (vs MU₨2.92 in 1Q 2022) First quarter 2023 results: EPS: MU₨4.19 (up from MU₨2.92 in 1Q 2022). Revenue: MU₨1.79b (up 24% from 1Q 2022). Net income: MU₨234.4m (up 44% from 1Q 2022). Profit margin: 13% (up from 11% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 공시 • Jun 13
Hotelest Limited, Annual General Meeting, Jun 23, 2023 Hotelest Limited, Annual General Meeting, Jun 23, 2023, at 06:15 Coordinated Universal Time. Location: Boardroom of La Maison 1794, Constance Centre De Flacq Mauritius Agenda: To consider the Annual Report for the year ended 31 December 2022; to receive the report of Ernst & Young, the External Auditors of the Company; to adopt the Audited Financial Statements of the Company and the Group for the year ended 31 December 2022; to authorise the Board of Directors to fix the remuneration of the External Auditors, Ernst & Young, who have expressed their willingness to continue to act as External Auditors of the Company and will be automatically re-appointed; to approve Directors' fees; to authorise Mr Jean-François Maurel to continue to hold office as a Director of the Company in accordance with section 138 (6) of the Companies Act 2001; and to consider other matters. Reported Earnings • May 17
First quarter 2023 earnings released: EPS: MU₨4.19 (vs MU₨2.92 in 1Q 2022) First quarter 2023 results: EPS: MU₨4.19 (up from MU₨2.92 in 1Q 2022). Revenue: MU₨1.79b (up 24% from 1Q 2022). Net income: MU₨234.4m (up 44% from 1Q 2022). Profit margin: 13% (up from 11% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 20
Third quarter 2022 earnings released: MU₨1.13 loss per share (vs MU₨3.32 loss in 3Q 2021) Third quarter 2022 results: MU₨1.13 loss per share (improved from MU₨3.32 loss in 3Q 2021). Revenue: MU₨1.05b (up 157% from 3Q 2021). Net loss: MU₨63.2m (loss narrowed 66% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Catherine de Rosnay was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 18
Second quarter 2022 earnings released: MU₨1.38 loss per share (vs MU₨3.17 loss in 2Q 2021) Second quarter 2022 results: MU₨1.38 loss per share (up from MU₨3.17 loss in 2Q 2021). Revenue: MU₨1.05b (up 256% from 2Q 2021). Net loss: MU₨77.0m (loss narrowed 56% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Marc Freismuth was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Is New 90 Day High Low • Jan 28
New 90-day low: MU₨16.80 The company is down 4.0% from its price of MU₨17.50 on 30 October 2020. The Mauritian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 7.0% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: MU₨3.35 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: MU₨93.2m (down 84% from 3Q 2019). Net loss: MU₨187.5m (loss widened 27% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 103% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. 
