NSEI:EMBASSY

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Embassy Office Parks REIT

Executive Summary

Embassy Office Parks REIT owns and invests in real estate and related assets in India. More Details


Snowflake Analysis

Proven track record with moderate growth potential.

Share Price & News

How has Embassy Office Parks REIT's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EMBASSY is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: EMBASSY's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0.8%

EMBASSY

-0.6%

IN REITs

-0.3%

IN Market


1 Year Return

-12.7%

EMBASSY

-14.2%

IN REITs

15.9%

IN Market

Return vs Industry: EMBASSY exceeded the Indian REITs industry which returned -14.2% over the past year.

Return vs Market: EMBASSY underperformed the Indian Market which returned 15.9% over the past year.


Shareholder returns

EMBASSYIndustryMarket
7 Day0.8%-0.6%-0.3%
30 Day-1.9%0.9%4.9%
90 Day1.8%5.1%24.5%
1 Year-6.8%-12.7%-10.3%-14.2%18.0%15.9%
3 Yearn/a15.0%-0.2%9.7%4.4%
5 Yearn/a45.6%15.4%82.1%68.4%

Long-Term Price Volatility Vs. Market

How volatile is Embassy Office Parks REIT's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Embassy Office Parks REIT undervalued compared to its fair value and its price relative to the market?

36.62x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EMBASSY (₹354.98) is trading above our estimate of fair value (₹312.48)

Significantly Below Fair Value: EMBASSY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: EMBASSY is poor value based on its PE Ratio (36.6x) compared to the XA REITs industry average (19.2x).

PE vs Market: EMBASSY is poor value based on its PE Ratio (36.6x) compared to the Indian market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: EMBASSY is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: EMBASSY is overvalued based on its PB Ratio (1.3x) compared to the XA REITs industry average (1x).


Next Steps

Future Growth

How is Embassy Office Parks REIT forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

21.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EMBASSY's forecast earnings growth (21.8% per year) is above the savings rate (7%).

Earnings vs Market: EMBASSY's earnings (21.8% per year) are forecast to grow slower than the Indian market (25.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: EMBASSY's revenue (15.1% per year) is forecast to grow faster than the Indian market (11.7% per year).

High Growth Revenue: EMBASSY's revenue (15.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EMBASSY's Return on Equity is forecast to be low in 3 years time (6%).


Next Steps

Past Performance

How has Embassy Office Parks REIT performed over the past 5 years?

37.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EMBASSY has high quality earnings.

Growing Profit Margin: EMBASSY's current net profit margins (33.1%) are lower than last year (44%).


Past Earnings Growth Analysis

Earnings Trend: EMBASSY's earnings have grown significantly by 37.9% per year over the past 5 years.

Accelerating Growth: EMBASSY's earnings growth over the past year (173.7%) exceeds its 5-year average (37.9% per year).

Earnings vs Industry: EMBASSY earnings growth over the past year (173.7%) exceeded the REITs industry -0.5%.


Return on Equity

High ROE: EMBASSY's Return on Equity (3.4%) is considered low.


Next Steps

Financial Health

How is Embassy Office Parks REIT's financial position?


Financial Position Analysis

Short Term Liabilities: EMBASSY's short term assets (₹14.4B) exceed its short term liabilities (₹12.1B).

Long Term Liabilities: EMBASSY's short term assets (₹14.4B) do not cover its long term liabilities (₹102.5B).


Debt to Equity History and Analysis

Debt Level: EMBASSY's debt to equity ratio (27.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if EMBASSY's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: EMBASSY's debt is well covered by operating cash flow (27.4%).

Interest Coverage: EMBASSY's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Embassy Office Parks REIT current dividend yield, its reliability and sustainability?

2.92%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EMBASSY's dividend (2.92%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).

High Dividend: EMBASSY's dividend (2.92%) is in the top 25% of dividend payers in the Indian market (1.81%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether EMBASSY's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if EMBASSY's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (114.9%), EMBASSY's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EMBASSY's dividends in 3 years are forecast to be covered by earnings (91.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Mike Holland

7yrs

Tenure

Mr. Michael David Holland, also known as Mike, is Chief Executive Officer of Embassy Office Parks Management Services Private Limited, Manager of Embassy Office Parks REIT since 2014. Prior to joining the ...


Leadership Team

NamePositionTenureCompensationOwnership
Michael Holland
Chief Executive Officer of Embassy Office Parks Management Services Private Limited7yrsno data0.028%
₹ 94.1m
Aravind Maiya
Chief Financial Officer for Manager to Embassy REIT0.67yrno datano data
Vikaash Khdloya
Deputy CEO & COO of Embassy Office Parks Management Services Private Limited1.75yrsno datano data
Sachin Shah
Chief Investment Officer of Embassy Office Parks Management Services Private Limitedno datano datano data
Kunal Shah
Vice President of Finance & Accountsno datano datano data
Ritwik Bhattacharjee
Head of Investor Relations & Capital Marketsno datano datano data
Donnie George
General Counsel at Embassy Office Parks Management Services Private Limitedno datano datano data
Deepika Srivastava
Compliance Officer & Company Secretary of Embassy Office Parks Management Services Private Limited0.42yrno datano data
Mansi Bahl
Human Resources Manager at Embassy Office Parks Management Services Private Limitedno datano datano data
Bhhavesh Kamdar
President of Leasing of Embassy Office Parks Management Services Private Limitedno datano data0.0043%
₹ 14.6m
Rajendran Subramaniam
Head of Projects/Capex of Embassy Office Parks Management Services Private Limitedno datano datano data
M. Rajan
Head of Operations of Embassy Office Parks Management Services Private Limitedno datano datano data

1.2yrs

Average Tenure

Experienced Management: EMBASSY's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Robert Heady
Non-Executive Director of Embassy Office Parks Management Services Private Limited2.42yrsno datano data
Anuj Puri
Independent Director of Embassy Office Parks Management Services Private Limited2.42yrsno datano data
Tuhin Parikh
Non-Executive Director of Embassy Office Parks Management Services Private Limited5.58yrsno datano data
Ranjan Pai
Independent Director of Embassy Office Parks Management Services Private Limited3.58yrsno datano data
Jitendra Virwani
Non-Executive Chairman of Embassy Office Parks Management Services Private Limited3.83yrsno data0.00021%
₹ 706.6k
Aditya Virwani
Non-Executive Director of Embassy Office Parks Management Services Private Limited2.42yrsno data0.00055%
₹ 1.9m
Vivek Mehra
Independent Director of Embassy Office Parks Management Services Private Limited3.58yrsno data0.00068%
₹ 2.3m
Punita Sinha
Independent Director of Embassy Office Parks Management Services Private Limited2.42yrsno datano data
Asheesh Mohta
Alternate Director1.58yrsno datano data

2.4yrs

Average Tenure

54yo

Average Age

Experienced Board: EMBASSY'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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22.8%.


Top Shareholders

Company Information

Embassy Office Parks REIT's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Embassy Office Parks REIT
  • Ticker: EMBASSY
  • Exchange: NSEI
  • Founded:
  • Industry: Office REITs
  • Sector: Real Estate
  • Market Cap: ₹336.483b
  • Shares outstanding: 947.89m
  • Website: https://www.embassyofficeparks.com

Number of Employees


Location

  • Embassy Office Parks REIT
  • Royal Oaks
  • Embassy Golflinks Business Park
  • Bengaluru
  • Karnataka
  • 560071
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
542602BSE (Mumbai Stock Exchange)YesUnitsININRApr 2019
EMBASSYNSEI (National Stock Exchange of India)YesUnitsININRApr 2019

Biography

Embassy Office Parks REIT owns and invests in real estate and related assets in India. The company operates through Commercial Offices, Hospitality, and Other segments. Its property portfolio comprises off...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 12:21
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.