PPHE Hotel Group
Market Cap
UK£775.9m
Last Updated
2019/10/22 20:58 UTC
Data Sources
Company Financials +
Executive Summary
PPHE Hotel Group Limited owns, develops, leases, operates, and franchises full-service upscale and lifestyle hotels in Europe, the Middle East, and Africa.
Snowflake
Fundamentals
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
Market Performance
7 Day Return
-1.1%
PPH
0.08%
GB Hospitality
0.08%
GB Market
1 Year Return
15.1%
PPH
20.5%
GB Hospitality
3.5%
GB Market
Return vs Industry: PPH underperformed the UK Hospitality industry which returned 20.5% over the past year.
Return vs Market: PPH exceeded the UK Market which returned 3.5% over the past year.
Shareholder returns
| PPH | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | 0.08% | 0.08% |
| 30 Day | 1.1% | -0.5% | -1.3% |
| 90 Day | -2.1% | 2.5% | -2.2% |
| 1 Year | 17.5%15.1% | 25.0%20.5% | 9.0%3.5% |
| 3 Year | 183.8%165.2% | 30.8%16.9% | 18.1%3.1% |
| 5 Year | 452.9%329.1% | 64.3%38.3% | 36.2%5.3% |
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
1 week ago | Simply Wall St
Does PPHE Hotel Group (LON:PPH) Have A Healthy Balance Sheet?2 weeks ago | Simply Wall St
Are Dividend Investors Getting More Than They Bargained For With PPHE Hotel Group Limited's (LON:PPH) Dividend?1 month ago | Simply Wall St
Don't Sell PPHE Hotel Group Limited (LON:PPH) Before You Read ThisValuation
Is PPHE Hotel Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PPH (£18.3) is trading below our estimate of fair value (£65.33)
Significantly Below Fair Value: PPH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PPH is poor value based on its PE Ratio (28.7x) compared to the Hospitality industry average (24.6x).
PE vs Market: PPH is poor value based on its PE Ratio (28.7x) compared to the UK market (16.7x).
Price to Earnings Growth Ratio
PEG Ratio: PPH is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: PPH is overvalued based on its PB Ratio (2.1x) compared to the GB Hospitality industry average (1.6x).
Next Steps
Future Growth
How is PPHE Hotel Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
8.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PPH's forecast earnings growth (8.6% per year) is above the savings rate (1.2%).
Earnings vs Market: PPH's earnings (8.6% per year) are forecast to grow slower than the UK market (12.4% per year).
High Growth Earnings: PPH's earnings are forecast to grow, but not significantly.
Revenue vs Market: PPH's revenue (2.8% per year) is forecast to grow slower than the UK market (4% per year).
High Growth Revenue: PPH's revenue (2.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PPH's Return on Equity is forecast to be low in 3 years time (8.3%).
Next Steps
Past Performance
How has PPHE Hotel Group performed over the past 5 years?
2.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: PPH's earnings have grown by 2.4% per year over the past 5 years.
Accelerating Growth: PPH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PPH had negative earnings growth (-29.4%) over the past year, making it difficult to compare to the Hospitality industry average (4.7%).
Return on Equity
High ROE: PPH's Return on Equity (6.9%) is considered low.
Return on Assets
ROA vs Industry: PPH's Return on Assets is below or equal to the Hospitality industry average last year.
Return on Capital Employed
ROCE Improving: PPH has improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is PPHE Hotel Group's financial position?
Financial Position Analysis
Short Term Liabilities: PPH's short term assets (£206.7M) exceeds its short term liabilities (£84.2M)
Long Term Liabilities: PPH's short term assets (206.7M) do not cover its long term liabilities (1.0B)
Debt to Equity History and Analysis
Debt Level: PPH's debt to equity ratio (105.4%) is considered high
Reducing Debt: PPH's debt to equity ratio has reduced from 184% to 105.4% over the past 5 years.
Debt Coverage: PPH's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: PPH's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Balance Sheet
Inventory Level: PPH has a high level of physical assets or inventory.
Debt Coverage by Assets: PPH's debt is not covered by short term assets (assets are 0.4x debt).
Next Steps
Dividend
What is PPHE Hotel Group's current dividend yield, its reliability and sustainability?
2.08%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: PPH's dividend (2.08%) is higher than the bottom 25% of dividend payers in the UK market (1.98%).
High Dividend: PPH's dividend (2.08%) is low compared to the top 25% of dividend payers in the UK market (5.37%).
Stable Dividend: Whilst dividend payments have been stable, PPH has been paying a dividend for less than 10 years.
Growing Dividend: PPH'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%), PPH's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PPH's dividends in 3 years are forecast to be well covered by earnings (47.9% payout ratio).
Next Steps
Management
What is the CEO of PPHE Hotel Group's salary, the management and board of directors tenure and is there insider trading?
1.8yrs
Average management tenure
CEO
Boris Ivesha (74yo)
12.3yrs
Tenure
UK£537,000
Compensation
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 ($USD695.54K) is about average for companies of similar size in the UK market ($USD1.19M).
Compensation vs Earnings: Boris's compensation has been consistent with company performance over the past year.
Management Age and Tenure
1.8yrs
Average Tenure
49yo
Average Age
Experienced Management: PPH's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Age and Tenure
3.4yrs
Average Tenure
60yo
Average Age
Experienced Board: PPH's board of directors are considered experienced (3.4 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Boris Ivesha (74yo)
President
- Tenure: 12.3yrs
- Compensation: UK£537.00k
Robert Henke (42yo)
Executive Vice President of Commercial & Corporate Affairs
- Tenure: 1.9yrs
Kurt Kuen (72yo)
Senior Vice President of UK Region
- Tenure: 0yrs
Inbar Zilberman (44yo)
General Counsel
- Tenure: 0yrs
Jaklien van Sterkenburg (54yo)
Executive VP of People & Culture and Head of Human Resources
- Tenure: 1.8yrs
Daniel Kos (41yo)
CFO & Executive Director
- Tenure: 1.7yrs
- Compensation: UK£255.00k
Greg Hegarty
Chief Operating Officer
- Tenure: 1.8yrs
Lisa Woodman
Director of Corporate Communications
- Tenure: 0yrs
Board Members
Dawn Morgan (55yo)
Independent Non-Executive Director
- Tenure: 3.4yrs
- Compensation: UK£52.00k
Nigel Jones (58yo)
Senior Independent Director
- Tenure: 1.3yrs
- Compensation: UK£60.00k
Boris Ivesha (74yo)
President
- Tenure: 12.3yrs
- Compensation: UK£537.00k
Eli Papouchado (82yo)
Non-Executive Chairman
- Tenure: 12.3yrs
- Compensation: UK£200.00k
Kevin McAuliffe (62yo)
Non-Executive Deputy Chairman
- Tenure: 12.3yrs
- Compensation: UK£86.00k
Daniel Kos (41yo)
CFO & Executive Director
- Tenure: 1.7yrs
- Compensation: UK£255.00k
Kenneth Bradley
Non-Executive Director
- Tenure: 0.08yrs
Company Information
PPHE Hotel Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: PPHE Hotel Group Limited
- Ticker: PPH
- Exchange: LSE
- Founded: 1989
- Industry: Hotels, Resorts and Cruise Lines
- Sector: Consumer Services
- Market Cap: UK£775.887m
- Shares outstanding: 42.40m
- Website: https://www.pphe.com
Number of Employees
Location
- PPHE Hotel Group Limited
- Viñoly Tower
- 5th Floor
- Amsterdam
- Noord-Holland
- 1082 MD
- Netherlands
Listings
| 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 |
Biography
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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/22 20:58 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.