Reported Earnings • Jul 02
First quarter 2026 earnings released: EPS: CN¥0.15 (vs CN¥0.99 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.15 (down from CN¥0.99 in 1Q 2025). Revenue: CN¥227.7m (down 22% from 1Q 2025). Net income: CN¥15.5m (down 85% from 1Q 2025). Profit margin: 6.8% (down from 34% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.02, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 18x in the Hospitality industry in Germany. Total loss to shareholders of 71% over the past three years. Reported Earnings • May 05
Full year 2025 earnings released: EPS: CN¥1.65 (vs CN¥1.08 in FY 2024) Full year 2025 results: EPS: CN¥1.65 (up from CN¥1.08 in FY 2024). Revenue: CN¥1.10b (down 18% from FY 2024). Net income: CN¥166.8m (up 52% from FY 2024). Profit margin: 15% (up from 8.2% in FY 2024). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Announcement • May 02
GreenTree Hospitality Group Ltd. Reports Impairment Loss Results for the Fourth Quarter Ended December 31, 2025 GreenTree Hospitality Group Ltd. reported impairment loss results for the fourth quarter ended December 31, 2025. For the period, the company reported impairment loss of goodwill of USD 9,508,087 or RMB 66,491,000 compared to RMB 81,008,000 a year ago and impairment loss of indefinite-lived intangible asset of USD 2,478,300 or RMB 17,331,000 compared to RMB 39,072,000 a year ago. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.12, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 25x in the Hospitality industry in Germany. Total loss to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to €1.04, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 22x in the Hospitality industry in Germany. Total loss to shareholders of 73% over the past three years. Buy Or Sell Opportunity • Mar 18
Now 32% undervalued after recent price drop Over the last 90 days, the stock has fallen 46% to €0.79. The fair value is estimated to be €1.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.3% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.07, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 27x in the Hospitality industry in Germany. Total loss to shareholders of 71% over the past three years. Buy Or Sell Opportunity • Mar 02
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to €1.08. The fair value is estimated to be €1.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.3% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Feb 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 32% to €1.14. The fair value is estimated to be €1.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.3% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.33, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 30x in the Hospitality industry in Germany. Total loss to shareholders of 59% over the past three years. New Risk • Jan 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (35% accrual ratio). Minor Risks Dividend is not well covered by cash flows (111% cash payout ratio). Share price has been volatile over the past 3 months (8.8% average weekly change). Reported Earnings • Dec 23
Third quarter 2025 earnings released: EPS: CN¥0.60 (vs CN¥0.65 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.60 (down from CN¥0.65 in 3Q 2024). Revenue: CN¥303.6m (down 15% from 3Q 2024). Net income: CN¥60.8m (down 7.2% from 3Q 2024). Profit margin: 20% (up from 18% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 24
Upcoming dividend of US$0.051 per share Eligible shareholders must have bought the stock before 31 October 2025. Payment date: 25 November 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.9%). Reported Earnings • Oct 01
First half 2025 earnings released First half 2025 results: EPS: CN¥1.99. Revenue: CN¥585.1m (down 14% from 1H 2024). Net income: CN¥201.5m (up 67% from 1H 2024). Profit margin: 34% (up from 18% in 1H 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 21
Now 22% undervalued Over the last 90 days, the stock has risen 7.1% to €1.97. The fair value is estimated to be €2.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 69%. Reported Earnings • Apr 25
Full year 2024 earnings released: EPS: CN¥1.08 (vs CN¥2.64 in FY 2023) Full year 2024 results: EPS: CN¥1.08 (down from CN¥2.64 in FY 2023). Revenue: CN¥1.34b (down 17% from FY 2023). Net income: CN¥110.0m (down 59% from FY 2023). Profit margin: 8.2% (down from 17% in FY 2023). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Apr 22
GreenTree Hospitality Group Ltd. to Report Q4, 2024 Results on Apr 24, 2025 GreenTree Hospitality Group Ltd. announced that they will report Q4, 2024 results at 12:30 PM, US Eastern Standard Time on Apr 24, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €1.87, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 12x in the Hospitality industry in Germany. Total loss to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.90, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 13x in the Hospitality industry in Germany. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €2.68, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 15x in the Hospitality industry in Germany. Total loss to shareholders of 42% over the past three years. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Catherine Zhu was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 19
New major risk - Revenue and earnings growth Earnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 22
Third quarter 2024 earnings released: EPS: CN¥0.65 (vs CN¥1.15 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.65 (down from CN¥1.15 in 3Q 2023). Revenue: CN¥357.0m (down 23% from 3Q 2023). Net income: CN¥65.5m (down 44% from 3Q 2023). Profit margin: 18% (down from 26% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Nov 19
GreenTree Hospitality Group Ltd. to Report Q3, 2024 Results on Nov 21, 2024 GreenTree Hospitality Group Ltd. announced that they will report Q3, 2024 results on Nov 21, 2024 Announcement • Oct 25
GreenTree Hospitality Group Ltd. Announces Cash Dividend, Payable on or about October 16, 2024 GreenTree Hospitality Group Ltd. announced that its board of directors approved the payment of a cash dividend of USD 0.10 per ordinary share, or USD 0.10 per American Depositary Share ("ADS"). The holders of the Company's ordinary shares shown on the Company's record at the close of trading on September 30, 2024 (U.S. Eastern Time) (the "Record Date") will be entitled to these dividends. These shareholders, including Deutsche Bank Trust Company Americas, the depositary bank for the Company's ADS program (the "ADS Depositary"), are expected to receive the payments of dividends on or about October 16, 2024. Dividends to the Company's ADS holders are expected to be paid through the ADS Depositary on or about October 23, 2024, and will be subject to the terms of the deposit agreement by and among the Company and the ADS Depositary, and the holders and beneficial owners of ADSs issued thereunder, including the fees and expenses payable thereunder. The total amount of cash to be distributed for the dividends is expected to be approximately USD 10 million. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to €2.84, the stock trades at a forward P/E ratio of 7x. Average trailing P/E is 13x in the Hospitality industry in Germany. Total loss to shareholders of 53% over the past three years. New Risk • Sep 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Upcoming Dividend • Sep 23
Upcoming dividend of US$0.085 per share Eligible shareholders must have bought the stock before 30 September 2024. Payment date: 16 October 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.6%). New Risk • Aug 18
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 133% Dividend yield: 3.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: CN¥0.61 (vs CN¥1.22 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.61 (down from CN¥1.22 in 2Q 2023). Revenue: CN¥329.7m (down 21% from 2Q 2023). Net income: CN¥61.7m (down 50% from 2Q 2023). Profit margin: 19% (down from 30% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 13
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to €2.36. The fair value is estimated to be €1.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 9.3% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Announcement • Aug 12
GreenTree Hospitality Group Ltd. to Report Q2, 2024 Results on Aug 15, 2024 GreenTree Hospitality Group Ltd. announced that they will report Q2, 2024 results on Aug 15, 2024 Reported Earnings • Jun 27
First quarter 2024 earnings released First quarter 2024 results: EPS: CN¥0.58. Revenue: CN¥352.2m (down 7.1% from 1Q 2023). Net income: CN¥58.9m (up 62% from 1Q 2023). Profit margin: 17% (up from 9.6% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Announcement • Jun 23
GreenTree Hospitality Group Ltd. to Report Q1, 2024 Results on Jun 25, 2024 GreenTree Hospitality Group Ltd. announced that they will report Q1, 2024 results on Jun 25, 2024 Buy Or Sell Opportunity • Apr 26
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at €2.76. The fair value is estimated to be €2.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Buy Or Sell Opportunity • Apr 10
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at €2.74. The fair value is estimated to be €2.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: CN¥3.95 (vs CN¥3.71 loss in FY 2022) Full year 2023 results: EPS: CN¥3.95 (up from CN¥3.71 loss in FY 2022). Revenue: CN¥1.63b (up 74% from FY 2022). Net income: CN¥265.8m (up CN¥648.0m from FY 2022). Profit margin: 16% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Announcement • Mar 26
GreenTree Hospitality Group Ltd. Provides Earnings Guidance for the Year 2024 GreenTree Hospitality Group Ltd. provided earnings guidance for the year 2024. The company expected total revenues of organic hotel business for the full year of 2024 to grow 7%-12% over the 2023 levels. Furthermore, considering the closure of restaurant LO stores and stores in shopping malls, the company expected total revenues from restaurant and organic hotel businesses for the full year of 2024 to grow 3-5% over the 2023 levels. Announcement • Mar 19
GreenTree Hospitality Group Ltd. to Report Q4, 2023 Results on Mar 25, 2024 GreenTree Hospitality Group Ltd. announced that they will report Q4, 2023 results After-Market on Mar 25, 2024 Buying Opportunity • Dec 27
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be €4.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 78% in 2 years. Earnings is forecast to grow by 2.3% in the next 2 years. Buying Opportunity • Nov 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be €4.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 78% in 2 years. Earnings is forecast to grow by 2.3% in the next 2 years. Reported Earnings • Nov 24
Third quarter 2023 earnings released: CN¥0.59 loss per share (vs CN¥1.15 profit in 3Q 2022) Third quarter 2023 results: CN¥0.59 loss per share (down from CN¥1.15 profit in 3Q 2022). Revenue: CN¥399.7m (down 13% from 3Q 2022). Net loss: CN¥60.4m (down 151% from profit in 3Q 2022). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • Nov 23
Greentree Hospitality Group Ltd. Provides Earnings Guidance for the Full Year 2023 GreenTree Hospitality Group Ltd. provided earnings guidance for the full year 2023. For the year, company revised guidance for the total revenues of its organic hotels upwards. The company now expect them to grow 36% to 38% year-over-year. The company expects total combined revenues from our restaurant and organic hotel business for the full year of 2023 to grow 17% to 19% over the 2022 levels, reflecting the impact of the closure of restaurants. Announcement • Nov 15
GreenTree Hospitality Group Ltd. to Report Q3, 2023 Results on Nov 21, 2023 GreenTree Hospitality Group Ltd. announced that they will report Q3, 2023 results After-Market on Nov 21, 2023 Announcement • Oct 16
GreenTree Hospitality Group Ltd. (NYSE:GHG) announces an Equity Buyback for $10 million worth of its shares. GreenTree Hospitality Group Ltd. (NYSE:GHG) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its outstanding American depositary shares (“ADSs”) and/or Class A ordinary shares. The program is valid over the next 2 years. Announcement • Sep 20
GreenTree Hospitality Group Ltd. Provides Revenue Guidance for the Full Year of 2023 GreenTree Hospitality Group Ltd. announced that taking into account the recovery in long-term trends and short-term industry fluctuations, they expect total revenues of organic hotels for the full year of 2023 to grow 30%-35% of the 2022 levels. Total revenues for restaurant business and organic hotel business, for the full year of 2023 are expected to grow 15%-20% over the 2022 levels. Reported Earnings • Sep 19
Second quarter 2023 earnings released: EPS: CN¥1.22 (vs CN¥1.59 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥1.22 (up from CN¥1.59 loss in 2Q 2022). Revenue: CN¥415.0m (up 82% from 2Q 2022). Net income: CN¥124.3m (up CN¥288.2m from 2Q 2022). Profit margin: 30% (up from net loss in 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Announcement • Sep 16
GreenTree Hospitality Group Ltd. to Report First Half, 2023 Results on Sep 18, 2023 GreenTree Hospitality Group Ltd. announced that they will report first half, 2023 results on Sep 18, 2023 New Risk • Jul 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 159% Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Reported Earnings • Apr 08
Full year 2022 earnings released: CN¥3.68 loss per share (vs CN¥1.14 profit in FY 2021) Full year 2022 results: CN¥3.68 loss per share (down from CN¥1.14 profit in FY 2021). Revenue: CN¥945.1m (down 22% from FY 2021). Net loss: CN¥376.4m (down 421% from profit in FY 2021). Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Announcement • Dec 29
GreenTree Hospitality Group Ltd. Provides Revenue Guidance for the Full Year of 2022 GreenTree Hospitality Group Ltd. provided revenue guidance for the full year of 2022. For the year, given the large number of Covid outbreaks in many parts of China throughout 2022, business did not improve as the company initially expected, until the easing of restrictions early December. Consequently, the company have adjusted its revenue guidance to 81%-84% of the 2021 levels. The guidance set forth above reflects the Company's current and preliminary views based on its recovery and may not be indicative of the final financial results for any future periods and the full year. Reported Earnings • Dec 28
First half 2022 earnings released: CN¥3.18 loss per share (vs CN¥1.47 profit in 1H 2021) First half 2022 results: CN¥3.18 loss per share (down from CN¥1.47 profit in 1H 2021). Revenue: CN¥457.4m (down 22% from 1H 2021). Net loss: CN¥327.6m (down 317% from profit in 1H 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance. Announcement • Dec 21
GreenTree Hospitality Group Ltd. to Report Q2, 2022 Results on Dec 27, 2022 GreenTree Hospitality Group Ltd. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Dec 27, 2022 Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improved over the past week After last week's 19% share price gain to €3.02, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Hospitality industry in Europe. Total loss to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €2.38, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Hospitality industry in Europe. Total loss to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.32 per share. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 24% share price decline to €2.84, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Hospitality industry in Europe. Total loss to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.70 per share. Announcement • May 16
GreenTree Hospitality Group Ltd. (NYSE:GHG) announces an Equity Buyback for $20 million worth of its shares. GreenTree Hospitality Group Ltd. (NYSE:GHG) announces a share repurchase program. Under the program, the company will repurchase up to $20 million worth of its outstanding American depositary shares (“ADSs”), each representing one Class A ordinary share, and/or Class A ordinary shares. The company plans to fund the repurchases from its existing cash balance. The program is valid over the next 12 months. Announcement • May 12
GreenTree Hospitality Group Ltd. Provides Revenue Guidance for the Full Year 2022 GreenTree Hospitality Group Ltd. provided revenue guidance for the full year 2022. The Company expects an increase in total revenues of up to 5% for the full year 2022, compared to 2021. Announcement • May 02
GreenTree Hospitality Group Ltd. to Report Q4, 2021 Results on May 11, 2022 GreenTree Hospitality Group Ltd. announced that they will report Q4, 2021 results After-Market on May 11, 2022 Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €3.74, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 18x in the Hospitality industry in Europe. Total loss to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €4.94, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Hospitality industry in Europe. Total loss to shareholders of 49% over the past year. Reported Earnings • Jan 14
Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint Third quarter 2021 results: EPS: CN¥0.50 (down from CN¥0.81 in 3Q 2020). Revenue: CN¥310.4m (up 16% from 3Q 2020). Net income: CN¥34.4m (down 59% from 3Q 2020). Profit margin: 11% (down from 31% in 3Q 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 29%, compared to a 23% growth forecast for the industry in Germany. Announcement • Jan 13
GreenTree Hospitality Group Ltd. Provides Earnings Guidance for the Year 2021 GreenTree Hospitality Group Ltd. provided earnings guidance for the year 2021. For the year, the company expects an increase in total revenues of 25%-30% for the full year 2021, compared to 2020 and an increase in total revenues of 7%-12% for the full year 2021, compared to 2019. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment deteriorated over the past week After last week's 22% share price decline to €6.10, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 18x in the Hospitality industry in Europe. Total loss to shareholders of 40% over the past year. Reported Earnings • Nov 20
Second quarter 2021 earnings released: EPS CN¥0.79 (vs CN¥1.01 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥347.1m (up 61% from 2Q 2020). Net income: CN¥81.3m (down 22% from 2Q 2020). Profit margin: 23% (down from 48% in 2Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Jul 30
First quarter 2021 earnings released: EPS CN¥0.68 (vs CN¥0.12 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥241.2m (up 53% from 1Q 2020). Net income: CN¥69.9m (up CN¥81.8m from 1Q 2020). Profit margin: 29% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥6.95, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 21x in the Hospitality industry in Europe. Total loss to shareholders of 33% over the past year. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥10.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Hospitality industry in Europe. Total loss to shareholders of 18% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €12.02 per share. Reported Earnings • May 04
Full year 2020 earnings released: EPS CN¥2.54 (vs CN¥4.34 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥930.0m (down 15% from FY 2019). Net income: CN¥261.3m (down 41% from FY 2019). Profit margin: 28% (down from 41% in FY 2019). The decrease in margin was primarily driven by lower revenue. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS CN¥3.83 (vs CN¥4.34 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥930.0m (down 15% from FY 2019). Net income: CN¥261.3m (down 41% from FY 2019). Profit margin: 28% (down from 41% in FY 2019). The decrease in margin was primarily driven by lower revenue. Announcement • Apr 16
GreenTree Hospitality Group Ltd. Provides Revenue Guidance for the Full Year 2021 GreenTree Hospitality Group Ltd. provided revenue guidance for the full year 2021. For the period, the Company expects an increase in total revenues of 48%-53% for the full year 2021, compared to 2020; and an increase in total revenues of 25%-30% for the full year 2021, compared to 2019. Is New 90 Day High Low • Mar 03
New 90-day high: €11.30 The company is up 16% from its price of €9.70 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.59 per share. Announcement • Jan 22
Kunpeng Asia Limited made an offer 19.7% stake in Zhejiang New Century Hotel Management Co., Ltd. (SEHK:1158) from GreenTree Hospitality Group Ltd. (NYSE:GHG) and others for approximately HKD 1 billion. Kunpeng Asia Limited made an offer to acquire 19.7% stake in Zhejiang New Century Hotel Management Co., Ltd. (SEHK:1158) from GreenTree Hospitality Group Ltd. (NYSE:GHG) and others for approximately HKD 1 billion on January 18, 2021. As part of the transaction, Kunpeng Asia will purchase 55.17 million foreign listed shares at HKD 18.15 per share. In a related transaction, Kunpeng Asia Limited also made an offer to acquire 9.27% stake in Zhejiang New Century Hotel Management Co., Ltd. through the purchase of 25.9 million domestic shares at HKD 18.15 per share. The consideration will be paid within seven business days of the date of receipt of a complete and valid acceptance or of the date on which the offer becomes or is declared unconditional in all respects, whichever is the later. The transaction will be financed by the committed investment amounts of HKD 1 billion and HKD 480.5 million from Sequoia Capital China Growth Fund and Ocean Link, respectively. The transaction is subject to minimum valid acceptances of at least 90% of the foreign listed shares, all necessary authorisations, consents and approvals of any government or governmental or regulatory body or court or institution in relation to the delisting and the offers, third party approvals. The transaction is expected to close on May 31, 2021. UBS Group AG acted as financial advisor to Kunpeng Asia Limited. Reported Earnings • Dec 04
Third quarter 2020 earnings released: EPS CN¥0.81 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥266.9m (down 8.6% from 3Q 2019). Net income: CN¥83.3m (down 19% from 3Q 2019). Profit margin: 31% (down from 35% in 3Q 2019). The decrease in margin was driven by lower revenue. Analyst Estimate Surprise Post Earnings • Dec 04
Revenue misses expectations Revenue missed analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 40% compared to a 3.6% decline forecast for the Hospitality industry in Germany. Is New 90 Day High Low • Nov 28
New 90-day low: €10.10 The company is down 11% from its price of €11.30 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.53 per share.