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PPHE Hotel Group

DB:32P
Snowflake Description

Acceptable track record second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
32P
DB
£831M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

PPHE Hotel Group Limited owns, develops, leases, operates, and franchises full-service upscale and lifestyle hotels in Europe, the Middle East, and Africa. The last earnings update was 107 days ago. More info.


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32P Share Price and Events
7 Day Returns
2.8%
DB:32P
0.1%
DE Hospitality
-3.6%
DE Market
1 Year Returns
39.8%
DB:32P
-52.1%
DE Hospitality
-11.8%
DE Market
32P Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PPHE Hotel Group (32P) 2.8% 7.3% 7.6% 39.8% 120.1% 345.8%
DE Hospitality 0.1% -9.6% -10.1% -52.1% -29% -25.2%
DE Market -3.6% -2.1% -0.8% -11.8% 12% 5.8%
1 Year Return vs Industry and Market
  • 32P outperformed the Hospitality industry which returned -52.1% over the past year.
  • 32P outperformed the Market in Germany which returned -11.8% over the past year.
Price Volatility
32P
Industry
5yr Volatility vs Market
Related Companies

32P Value

 Is PPHE Hotel Group 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 PPHE Hotel Group 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 PPHE Hotel Group.

DB:32P Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:32P
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.921 (1 + (1- 25%) (106.53%))
1.44
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.44
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.44 * 5.96%)
8.81%

Discounted Cash Flow Calculation for DB:32P using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PPHE Hotel Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:32P DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.81%)
2019 25.41 Analyst x2 23.35
2020 27.96 Analyst x2 23.62
2021 58.32 Analyst x2 45.27
2022 81.29 Analyst x1 58.00
2023 92.52 Analyst x1 60.66
2024 100.95 Est @ 9.12% 60.83
2025 107.46 Est @ 6.45% 59.52
2026 112.39 Est @ 4.58% 57.21
2027 116.07 Est @ 3.28% 54.30
2028 118.82 Est @ 2.36% 51.08
Present value of next 10 years cash flows £493.83
DB:32P DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £118.82 × (1 + 0.23%) ÷ (8.81% – 0.23%)
£1,387.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £1,387.92 ÷ (1 + 8.81%)10
£596.69
DB:32P Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £493.83 + £596.69
£1,090.52
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £1,090.52 / 42.40
£25.72
DB:32P Discount to Share Price
Calculation Result
Value per share (EUR) From above. €28.73
Current discount Discount to share price of €21.90
= -1 x (€21.90 - €28.73) / €28.73
23.8%

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

Current Discount
Amount off the current price PPHE Hotel Group is available for.
Intrinsic value
24%
Share price is €21.9 vs Future cash flow value of €28.73
Current Discount Checks
For PPHE Hotel Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PPHE Hotel Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • PPHE Hotel Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 PPHE Hotel Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PPHE Hotel Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:32P PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.90
LSE:PPH Share Price ** LSE (2019-06-14) in GBP £19.6
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 18.98x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

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

** Primary Listing of PPHE Hotel Group.

DB:32P PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:PPH Share Price ÷ EPS (both in GBP)

= 19.6 ÷ 0.90

21.81x

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

  • PPHE Hotel Group is overvalued based on earnings compared to the DE Hospitality industry average.
  • PPHE Hotel Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does PPHE Hotel Group's expected growth come at a high price?
Raw Data
DB:32P PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
2%per year
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.31x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

DB:32P PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.81x ÷ 2%

10.99x

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

  • PPHE Hotel Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on PPHE Hotel Group's assets?
Raw Data
DB:32P PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £8.82
LSE:PPH Share Price * LSE (2019-06-14) in GBP £19.6
Germany Hospitality Industry PB Ratio Median Figure of 13 Publicly-Listed Hospitality Companies 2.06x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:32P PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:PPH Share Price ÷ Book Value per Share (both in GBP)

= 19.6 ÷ 8.82

2.22x

* Primary Listing of PPHE Hotel Group.

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

  • PPHE Hotel Group is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess PPHE Hotel Group'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. PPHE Hotel Group 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.

32P Future Performance

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

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
2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PPHE Hotel Group expected to grow at an attractive rate?
  • PPHE Hotel Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • PPHE Hotel Group's earnings growth is positive but not above the Germany market average.
  • PPHE Hotel Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:32P Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:32P Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 2%
DB:32P Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.1%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 18.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 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
DB:32P Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:32P Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 390 44 1
2021-12-31 372 82 38 2
2020-12-31 363 80 35 3
2019-12-31 353 77 33 3
DB:32P Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 341 57 38
2018-09-30 337 51 38
2018-06-30 332 45 38
2018-03-31 329 57 31
2017-12-31 325 70 24
2017-09-30 314 64 25
2017-06-30 303 58 26
2017-03-31 288 50 30
2016-12-31 272 42 35
2016-09-30 250 45 33
2016-06-30 228 47 31
2016-03-31 223 50 30

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PPHE Hotel Group's earnings are expected to grow by 2% yearly, however this is not considered high growth (20% yearly).
  • PPHE Hotel Group's revenue is expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
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
DB:32P Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from PPHE Hotel Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:32P Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.88 0.90 0.85 2.00
2020-12-31 0.85 0.90 0.80 2.00
2019-12-31 0.74 0.80 0.69 3.00
DB:32P Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.90
2018-09-30 0.90
2018-06-30 0.90
2018-03-31 0.74
2017-12-31 0.57
2017-09-30 0.59
2017-06-30 0.61
2017-03-31 0.72
2016-12-31 0.83
2016-09-30 0.79
2016-06-30 0.75
2016-03-31 0.73

*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.
  • PPHE Hotel Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess PPHE Hotel Group'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
PPHE Hotel Group has a total score of 1/6, 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.

32P Past Performance

  How has PPHE Hotel Group 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 PPHE Hotel Group'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.
  • PPHE Hotel Group's year on year earnings growth rate has been positive over the past 5 years.
  • PPHE Hotel Group's 1-year earnings growth exceeds its 5-year average (56.8% vs 4.9%)
  • PPHE Hotel Group's earnings growth has exceeded the DE Hospitality industry average in the past year (56.8% vs -2.6%).
Earnings and Revenue History
PPHE Hotel Group'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 PPHE Hotel Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:32P Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 341.48 38.05
2018-09-30 336.82 38.17
2018-06-30 332.16 38.28
2018-03-31 328.64 31.28
2017-12-31 325.12 24.27
2017-09-30 313.86 24.97
2017-06-30 302.60 25.68
2017-03-31 287.53 30.40
2016-12-31 272.47 35.12
2016-09-30 250.26 33.30
2016-06-30 228.05 31.49
2016-03-31 223.36 30.37
2015-12-31 218.67 29.24
2015-09-30 213.97 28.70
2015-06-30 205.03 27.47
2015-03-31 201.37 28.88
2014-12-31 210.05 32.16
2014-09-30 205.76 30.09
2014-06-30 206.90 28.77
2014-03-31 208.01 26.29
2013-12-31 203.47 22.99
2013-09-30 203.79 20.92 0.06
2013-06-30 207.66 19.15 0.13
2013-03-31 204.57 38.12 0.25
2012-12-31 196.38 55.14 0.36
2012-09-30 183.01 54.44 0.30
2012-06-30 175.70 55.53 0.24

*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.
  • PPHE Hotel Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PPHE Hotel Group used its assets less efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • PPHE Hotel Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PPHE Hotel Group'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.
PPHE Hotel Group has a total score of 3/6, 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.

32P Health

 How is PPHE Hotel Group'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 PPHE Hotel Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PPHE Hotel Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PPHE Hotel Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of PPHE Hotel Group'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 0.3x 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 PPHE Hotel Group Company Filings, last reported 5 months ago.

DB:32P Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 478.54 885.23 212.11
2018-09-30 478.54 885.23 212.11
2018-06-30 453.76 885.71 211.55
2018-03-31 453.76 885.71 211.55
2017-12-31 440.94 892.31 265.73
2017-09-30 440.94 892.31 265.73
2017-06-30 417.54 830.00 209.03
2017-03-31 417.54 830.00 209.03
2016-12-31 330.20 782.97 144.73
2016-09-30 330.20 782.97 144.73
2016-06-30 338.86 740.74 186.78
2016-03-31 338.86 740.74 186.78
2015-12-31 267.90 489.95 50.62
2015-09-30 267.90 489.95 50.62
2015-06-30 247.40 465.22 39.96
2015-03-31 252.56 474.93 40.80
2014-12-31 251.54 476.40 55.64
2014-09-30 251.97 477.22 55.73
2014-06-30 245.14 467.35 44.20
2014-03-31 253.18 482.68 45.65
2013-12-31 247.82 474.11 35.78
2013-09-30 249.21 476.76 35.98
2013-06-30 232.12 485.14 22.16
2013-03-31 228.99 478.61 21.86
2012-12-31 210.83 469.02 37.51
2012-09-30 207.03 460.56 36.84
2012-06-30 204.69 476.08 27.84
  • PPHE Hotel Group's level of debt (185%) 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 (191.3% vs 185% today).
  • Debt is not well covered by operating cash flow (6.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess PPHE Hotel Group'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. PPHE Hotel Group has a total score of 2/6, 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.

32P Dividends

 What is PPHE Hotel Group'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
1.94%
Current annual income from PPHE Hotel Group dividends. Estimated to be 2.19% next year.
If you bought €2,000 of PPHE Hotel Group shares you are expected to receive €39 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?
  • PPHE Hotel Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • PPHE Hotel Group's dividend is below the markets top 25% of dividend payers in Germany (3.91%).
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
DB:32P 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 3 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:32P Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.52 1.00
2021-12-31 0.45 2.00
2020-12-31 0.43 3.00
2019-12-31 0.39 3.00
DB:32P Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.380 2.172
2018-09-06 0.320 1.959
2018-02-28 0.260 2.019
2017-09-06 0.220 2.032
2017-05-08 0.220 2.572
2016-07-13 0.200 2.720
2016-05-19 0.200 2.563
2015-08-27 0.200 2.927
2015-03-02 0.190 3.326
2014-08-28 0.180 4.010
2014-06-11 0.160 4.020
2013-08-21 0.120 3.664
2013-03-05 0.120 3.936
2012-08-15 0.120 5.082
2012-03-08 0.060 2.772
2012-03-07 0.060 2.618

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

  • Whilst dividend payments have been stable, PPHE Hotel Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but PPHE Hotel Group only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of PPHE Hotel Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess PPHE Hotel Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 PPHE Hotel Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PPHE Hotel Group has a total score of 3/6, see the detailed checks below.


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

32P Management

 What is the CEO of PPHE Hotel Group'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
Boris Ivesha
COMPENSATION £537,000
AGE 73
TENURE AS CEO 12 years
CEO Bio

Mr. Boris Ernest Ivesha has been the Chief Executive Officer at PPHE Hotel Group Limited (a/k/a, Park Plaza Hotels Ltd) since June 14, 2007 and has been its President since 1991. He has been the President at Park Plaza Hotels Europe since 1991. Mr. Ivesha served as General Manager of the Royal Horseguards Hotel in London from 1972 to 1979 and served as its Managing Director for the Carlton Hotel in Israel from 1979 to 1984. He established the Yamit Hotel in 1984, served as the hotel’s President and brought the Park Plaza Hotels & Resorts brand to Park Plaza in 1994 in collaboration with the Red Sea Group. Mr. Ivesha has been one of the major drivers behind the expansion of Park Plaza ’s portfolio. Mr. Ivesha serves as the Chairman of the Supervisory Board at Arena Hospitality Group d.d. za turizam i ugostiteljstvo. He has been Director of Park Plaza Hotels Ltd. since June 14, 2007.

CEO Compensation
  • Boris's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Boris's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the PPHE Hotel Group management team in years:

1.5
Average Tenure
48
Average Age
  • The average tenure for the PPHE Hotel Group management team is less than 2 years, this suggests a new team.
Management Team

Boris Ivesha

TITLE
President
COMPENSATION
£537K
AGE
73
TENURE
12 yrs

Daniel Kos

TITLE
CFO & Executive Director
COMPENSATION
£255K
AGE
40
TENURE
1.4 yrs

Greg Hegarty

TITLE
Chief Operating Officer
TENURE
1.4 yrs

Inbar Zilberman

TITLE
General Counsel
AGE
43

Lisa Woodman

TITLE
Director of Corporate Communications

Jaklien van Sterkenburg

TITLE
Executive VP of People & Culture and Head of Human Resources
AGE
53
TENURE
1.5 yrs

Robert Henke

TITLE
Executive Vice President of Commercial & Corporate Affairs
AGE
41
TENURE
1.6 yrs

Kurt Kuen

TITLE
Senior Vice President of UK Region
AGE
71
Board of Directors Tenure

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

7.5
Average Tenure
59
Average Age
  • The tenure for the PPHE Hotel Group board of directors is about average.
Board of Directors

Eli Papouchado

TITLE
Non-Executive Chairman
COMPENSATION
£200K
AGE
81
TENURE
12 yrs

Boris Ivesha

TITLE
President
COMPENSATION
£537K
AGE
73
TENURE
12 yrs

Daniel Kos

TITLE
CFO & Executive Director
COMPENSATION
£255K
AGE
40
TENURE
1.3 yrs

Nigel Jones

TITLE
Senior Independent Director
COMPENSATION
£60K
AGE
57
TENURE
1 yrs

Dawn Morgan

TITLE
Independent Non-Executive Director
COMPENSATION
£52K
AGE
54
TENURE
3.1 yrs

Kevin McAuliffe

TITLE
Non-Executive Deputy Chairman
COMPENSATION
£86K
AGE
61
TENURE
12 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess PPHE Hotel Group'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. PPHE Hotel Group 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.

32P News

Simply Wall St News

32P Company Info

Description

PPHE Hotel Group Limited owns, develops, leases, operates, and franchises full-service upscale and lifestyle hotels in Europe, the Middle East, and Africa. It owns and operates hotels and resorts under the Park Plaza, the art’otel, and the Arena Campsites brands, as well as the Arena Hotels & Apartments. As of April 1, 2019, the company owned/operated 38 hotels and resorts with approximately 8,800 rooms; and 8 campsites offering approximately 6,000 units in central London. It also operates restaurants and bars; and licensed outlets, including espressamente illy Italian coffee bar and the Balinese Mandara Spa. The company was formerly known as Park Plaza Hotels Limited and changed its name to PPHE Hotel Group Limited in March 2012. PPHE Hotel Group Limited was founded in 1989 and is based in Amsterdam, the Netherlands.

Details
Name: PPHE Hotel Group Limited
32P
Exchange: DB
Founded: 1989
£933,417,488
42,398,188
Website: http://www.pphe.com
Address: PPHE Hotel Group Limited
Viñoly Tower,
5th Floor,
Amsterdam,
Noord-Holland, 1082 MD,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE PPH Ordinary Shares London Stock Exchange GB GBP 12. Jul 2007
DB 32P Ordinary Shares Deutsche Boerse AG DE EUR 12. Jul 2007
Number of employees
Current staff
Staff numbers
4,100
PPHE Hotel Group employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 21:34
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/02
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
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.