PPHE Hotel Group
Market Cap
UK£479.8m
Last Updated
2020/07/14 20:57 UTC
Data Sources
Company Financials +
Executive Summary
PPHE Hotel Group Limited owns, develops, leases, operates, and franchises full-service upscale and lifestyle hotels in Netherlands, Germany and Hungary, Croatia, and the United Kingdom.
Rewards
Risk Analysis
Snowflake Analysis
Fair value with limited growth.
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: PPH has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
4.6%
PPH
-2.5%
GB Hospitality
-0.7%
GB Market
1 Year Return
-39.9%
PPH
-39.8%
GB Hospitality
-15.7%
GB Market
Return vs Industry: PPH underperformed the UK Hospitality industry which returned -37.5% over the past year.
Return vs Market: PPH underperformed the UK Market which returned -14.9% over the past year.
Shareholder returns
| PPH | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.6% | -2.5% | -0.7% |
| 30 Day | -2.6% | -4.0% | 0.6% |
| 90 Day | -2.6% | -4.2% | 11.3% |
| 1 Year | -39.3%-39.9% | -37.6%-39.8% | -11.7%-15.7% |
| 3 Year | 41.9%34.5% | -26.0%-33.0% | -4.3%-16.1% |
| 5 Year | 148.4%96.5% | -12.2%-27.8% | 13.5%-11.9% |
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
5 days ago | Simply Wall St
How Much Is PPHE Hotel Group Limited (LON:PPH) Paying Its CEO?3 weeks ago | Simply Wall St
Does PPHE Hotel Group Limited's (LON:PPH) P/E Ratio Signal A Buying Opportunity?4 months ago | Simply Wall St
How Do PPHE Hotel Group Limited’s (LON:PPH) Returns On Capital Compare To Peers?Valuation
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 (£11.3) is trading below our estimate of fair value (£39.89)
Significantly Below Fair Value: PPH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PPH is good value based on its PE Ratio (15.7x) compared to the GB Hospitality industry average (18.1x).
PE vs Market: PPH is poor value based on its PE Ratio (15.7x) compared to the UK market (15.4x).
Price to Earnings Growth Ratio
PEG Ratio: PPH is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: PPH is overvalued based on its PB Ratio (1.4x) compared to the GB Hospitality industry average (1x).
Next Steps
Future Growth
How is PPHE Hotel Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
8.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PPH's forecast earnings growth (8.8% per year) is above the savings rate (1.2%).
Earnings vs Market: PPH's earnings (8.8% per year) are forecast to grow slower than the UK market (21.6% per year).
High Growth Earnings: PPH's earnings are forecast to grow, but not significantly.
Revenue vs Market: PPH's revenue (6% per year) is forecast to grow faster than the UK market (3.1% per year).
High Growth Revenue: PPH's revenue (6% 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 (6.6%).
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
Quality Earnings: PPH has high quality earnings.
Growing Profit Margin: PPH's current net profit margins (9.5%) are lower than last year (11.1%).
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 (-10.9%) over the past year, making it difficult to compare to the Hospitality industry average (-15.1%).
Return on Equity
High ROE: PPH's Return on Equity (8.9%) is considered low.
Next Steps
Financial Health
How is PPHE Hotel Group's financial position?
Financial Position Analysis
Short Term Liabilities: PPH's short term assets (£191.9M) exceed its short term liabilities (£71.1M).
Long Term Liabilities: PPH's short term assets (£191.9M) do not cover its long term liabilities (£1.0B).
Debt to Equity History and Analysis
Debt Level: PPH's debt to equity ratio (141.2%) is considered high.
Reducing Debt: PPH's debt to equity ratio has reduced from 180.8% to 141.2% over the past 5 years.
Debt Coverage: PPH's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: PPH's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Balance Sheet
Next Steps
Dividend
What is PPHE Hotel Group current dividend yield, its reliability and sustainability?
1.61%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PPH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PPH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PPH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PPH's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PPH is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PPH's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Boris Ivesha (75yo)
13.08yrs
Tenure
UK£531,649
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 ($USD670.54K) is below average for companies of similar size in the UK market ($USD1.21M).
Compensation vs Earnings: Boris's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13.08yrs | UK£531.65k | 10.92% £52.4m | |
| CFO & Executive Director | 2.42yrs | UK£354.65k | no data | |
| Deputy CEO & COO | 2.5yrs | no data | no data | |
| Chief Corporate & Legal Officer | 0.50yr | no data | no data | |
| Director of Corporate Communications | no data | no data | no data | |
| Executive VP of People & Culture and Head of Human Resources | 2.58yrs | no data | no data | |
| Executive Vice President of Commercial Affairs | 2.67yrs | no data | no data | |
| Senior Vice President of UK Region | no data | no data | no data |
2.5yrs
Average Tenure
50yo
Average Age
Experienced Management: PPH's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13.08yrs | UK£531.65k | 10.92% £52.4m | |
| CFO & Executive Director | 2.42yrs | UK£354.65k | no data | |
| Independent Non-Executive Director | 4.17yrs | UK£69.05k | no data | |
| Non-Executive Chairman | 13.08yrs | UK£200.00k | 3.6% £17.3m | |
| Non-Executive Deputy Chairman | 2.08yrs | UK£110.00k | no data | |
| Senior Independent Director & Non-Executive Director | 0.17yr | no data | no data | |
| Independent Non-Executive Director | 0.83yr | UK£18.10k | no data |
2.4yrs
Average Tenure
60.5yo
Average Age
Experienced Board: PPH's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Ownership
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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£479.791m
- Shares outstanding: 42.46m
- Website: https://www.pphe.com
Number of Employees
Location
- PPHE Hotel Group Limited
- Motion Building
- 9th Floor
- Amsterdam
- Noord-Holland
- 1043
- 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 Netherlands, Germany and Hungary, Croatia, and the United Kingdom. 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 January 30, 2020, the company owned/operated 37 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 coffee shop and 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 | 2020/07/14 20:57 |
| End of Day Share Price | 2020/07/14 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.