PPHE Hotel Group Limited owns, develops, leases, operates, and franchises full-service upscale and lifestyle hotels in Europe, the Middle East, and Africa.
Second-rate dividend payer and slightly overvalued.
Share Price & News
How has PPHE Hotel Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 32P has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 32P exceeded the German Hospitality industry which returned 11% over the past year.
Return vs Market: 32P exceeded the German Market which returned 15% over the past year.
Price Volatility Vs. Market
How volatile is PPHE Hotel Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is PPHE Hotel Group 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: 32P (€24.6) is trading below our estimate of fair value (€41.31)
Significantly Below Fair Value: 32P is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 32P is poor value based on its PE Ratio (32.9x) compared to the Hospitality industry average (23.8x).
PE vs Market: 32P is poor value based on its PE Ratio (32.9x) compared to the German market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: 32P is poor value based on its PEG Ratio (3.8x)
Price to Book Ratio
PB vs Industry: 32P is overvalued based on its PB Ratio (2.4x) compared to the DE Hospitality industry average (2.3x).
How is PPHE Hotel Group 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: 32P's forecast earnings growth (8.7% per year) is above the savings rate (-0.4%).
Earnings vs Market: 32P's earnings (8.7% per year) are forecast to grow slower than the German market (13.2% per year).
High Growth Earnings: 32P's earnings are forecast to grow, but not significantly.
Revenue vs Market: 32P's revenue (3.4% per year) is forecast to grow slower than the German market (5% per year).
High Growth Revenue: 32P's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 32P's Return on Equity is forecast to be low in 3 years time (7.4%).
How has PPHE Hotel Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 32P has high quality earnings.
Growing Profit Margin: 32P's current net profit margins (7.8%) are lower than last year (11.5%).
Past Earnings Growth Analysis
Earnings Trend: 32P's earnings have grown by 2.4% per year over the past 5 years.
Accelerating Growth: 32P's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 32P had negative earnings growth (-29.4%) over the past year, making it difficult to compare to the Hospitality industry average (-36.8%).
Return on Equity
High ROE: 32P's Return on Equity (6.9%) is considered low.
Return on Assets
Return on Capital Employed
How is PPHE Hotel Group's financial position?
Financial Position Analysis
Short Term Liabilities: 32P's short term assets (£206.7M) exceed its short term liabilities (£84.2M).
Long Term Liabilities: 32P's short term assets (£206.7M) do not cover its long term liabilities (£1.0B).
Debt to Equity History and Analysis
Debt Level: 32P's debt to equity ratio (105.4%) is considered high.
Reducing Debt: 32P's debt to equity ratio has reduced from 184% to 105.4% over the past 5 years.
Debt Coverage: 32P's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: 32P's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Inventory Level: 32P has a high level of physical assets or inventory.
Debt Coverage by Assets: 32P's debt is not covered by short term assets (assets are 0.4x debt).
What is PPHE Hotel Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 32P's dividend (1.81%) is higher than the bottom 25% of dividend payers in the German market (1.32%).
High Dividend: 32P's dividend (1.81%) is low compared to the top 25% of dividend payers in the German market (3.59%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 32P has been paying a dividend for less than 10 years.
Growing Dividend: 32P's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (56.4%), 32P's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 32P's dividends in 3 years are forecast to be well covered by earnings (46.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Boris Ivesha (74yo)
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 ...
CEO Compensation Analysis
Compensation vs Market: Boris's total compensation ($USD699.55K) is below average for companies of similar size in the German market ($USD1.15M).
Compensation vs Earnings: Boris's compensation has been consistent with company performance over the past year.
|CFO & Executive Director||2yrs||UK£255.00k||no data|
|Deputy CEO & COO||2.1yrs||no data||no data|
|Chief Corporate & Legal Officer||0yrs||no data||no data|
|Director of Corporate Communications||0yrs||no data||no data|
|Executive VP of People & Culture and Head of Human Resources||2.2yrs||no data||no data|
|Executive Vice President of Commercial Affairs||2.3yrs||no data||no data|
|Senior Vice President of UK Region||0yrs||no data||no data|
Experienced Management: 32P's management team is considered experienced (2.2 years average tenure).
|CFO & Executive Director||2yrs||UK£255.00k||no data|
|Independent Non-Executive Director||3.8yrs||UK£52.00k||no data|
|Senior Independent Director||1.7yrs||UK£60.00k||no data|
|Non-Executive Chairman||12.7yrs||UK£200.00k||3.6% £38.6m|
|Non-Executive Deputy Chairman||12.7yrs||UK£86.00k||no data|
|Non-Executive Director||0.4yrs||no data||no data|
Experienced Board: 32P's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
PPHE Hotel Group Limited's company bio, employee growth, exchange listings and data sources
- Name: PPHE Hotel Group Limited
- Ticker: 32P
- Exchange: DB
- Founded: 1989
- Industry: Hotels, Resorts and Cruise Lines
- Sector: Consumer Services
- Market Cap: UK£891.646m
- Listing Market Cap: UK£1.071b
- Shares outstanding: 42.46m
- Website: https://www.pphe.com
Number of Employees
- PPHE Hotel Group Limited
- Viñoly Tower
- 5th Floor
- 1082 MD
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PPH||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||GBP||Jul 2007|
|32P||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 2007|
|PPHL||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||GBP||Jul 2007|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/15 21:41|
|End of Day Share Price||2020/02/14 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.