HPI owns a Portfolio of freehold hotels and associated specialty tenancies located throughout Queensland and South Australia.
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Price History & Performance
|Historical stock prices|
|Current Share Price||AU$3.55|
|52 Week High||AU$2.84|
|52 Week Low||AU$3.63|
|1 Month Change||2.01%|
|3 Month Change||10.94%|
|1 Year Change||13.42%|
|3 Year Change||14.52%|
|5 Year Change||27.24%|
|Change since IPO||71.50%|
Recent News & Updates
|HPI||AU REITs||AU Market|
Return vs Industry: HPI underperformed the Australian REITs industry which returned 22.7% over the past year.
Return vs Market: HPI underperformed the Australian Market which returned 21.1% over the past year.
Stable Share Price: HPI is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: HPI's weekly volatility (3%) has been stable over the past year.
About the Company
HPI owns a Portfolio of freehold hotels and associated specialty tenancies located throughout Queensland and South Australia. The pubs are leased to the Queensland Venue Company (“QVC”), a joint venture between Coles group and Australian Venue Company, and to Australian Leisure & Hospitality ("ALH"), a joint venture 75% owned by the Woolworths group. HPI’s objective is to maximise the long term income and capital returns from its investments for the benefit of its Securityholders.
Hotel Property Investments Fundamentals Summary
|HPI fundamental statistics|
Is HPI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HPI income statement (TTM)|
|Cost of Revenue||AU$9.48m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.45|
|Net Profit Margin||140.87%|
How did HPI perform over the long term?See historical performance and comparison
5.4%Current Dividend Yield
Is Hotel Property Investments undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HPI (A$3.55) is trading below our estimate of fair value (A$5.06)
Significantly Below Fair Value: HPI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HPI is good value based on its PE Ratio (7.9x) compared to the Australian REITs industry average (9.5x).
PE vs Market: HPI is good value based on its PE Ratio (7.9x) compared to the Australian market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: HPI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: HPI's PB Ratio (1.2x) is in line with the AU REITs industry average.
How is Hotel Property Investments forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HPI's earnings are forecast to decline over the next 3 years (-15.2% per year).
Earnings vs Market: HPI's earnings are forecast to decline over the next 3 years (-15.2% per year).
High Growth Earnings: HPI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: HPI's revenue (4.9% per year) is forecast to grow slower than the Australian market (5.4% per year).
High Growth Revenue: HPI's revenue (4.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HPI's Return on Equity is forecast to be low in 3 years time (6.2%).
How has Hotel Property Investments performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HPI has a large one-off gain of A$51.0M impacting its June 30 2021 financial results.
Growing Profit Margin: HPI's current net profit margins are higher than last year (75.7%).
Past Earnings Growth Analysis
Earnings Trend: HPI's earnings have declined by 9.5% per year over the past 5 years.
Accelerating Growth: HPI's earnings growth over the past year (106.9%) exceeds its 5-year average (-9.5% per year).
Earnings vs Industry: HPI earnings growth over the past year (106.9%) exceeded the REITs industry 106.4%.
Return on Equity
High ROE: HPI's Return on Equity (14.7%) is considered low.
How is Hotel Property Investments's financial position?
Financial Position Analysis
Short Term Liabilities: HPI's short term assets (A$7.6M) do not cover its short term liabilities (A$24.0M).
Long Term Liabilities: HPI's short term assets (A$7.6M) do not cover its long term liabilities (A$362.0M).
Debt to Equity History and Analysis
Debt Level: HPI's debt to equity ratio (62.8%) is considered high.
Reducing Debt: HPI's debt to equity ratio has reduced from 74.8% to 62.8% over the past 5 years.
Debt Coverage: HPI's debt is not well covered by operating cash flow (12%).
Interest Coverage: HPI's interest payments on its debt are well covered by EBIT (3.7x coverage).
What is Hotel Property Investments's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HPI's dividend (5.44%) is higher than the bottom 25% of dividend payers in the Australian market (2.29%).
High Dividend: HPI's dividend (5.44%) is in the top 25% of dividend payers in the Australian market (5.31%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, HPI has been paying a dividend for less than 10 years.
Growing Dividend: HPI's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.6%), HPI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HPI's dividends in 3 years are forecast to be covered by earnings (97% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Donald Smith, also known as Don, has been Managing Director and Chief Executive Officer at Hotel Property Investments since October 1, 2018. Mr. Smith has been a Director at Hotel Property Investments...
CEO Compensation Analysis
Compensation vs Market: Don's total compensation ($USD630.77K) is about average for companies of similar size in the Australian market ($USD734.81K).
Compensation vs Earnings: Don's compensation has increased by more than 20% in the past year.
Experienced Board: HPI's board of directors are considered experienced (3.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HPI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.4%.
Hotel Property Investments's employee growth, exchange listings and data sources
- Name: Hotel Property Investments
- Ticker: HPI
- Exchange: ASX
- Founded: NaN
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: AU$673.482m
- Shares outstanding: 189.71m
- Website: https://www.hpitrust.com.au
- Hotel Property Investments
- IBM Centre
- Suite 2, Level 17
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 18:19|
|End of Day Share Price||2021/10/21 00:00|
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.