Embassy Office Parks REIT
Market Cap
₹336.5b
Last Updated
2021/01/16 12:21 UTC
Data Sources
Company Financials +
Executive Summary
Embassy Office Parks REIT owns and invests in real estate and related assets in India. More Details
Rewards
Risk Analysis
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
| EMBASSY | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.8% | -0.6% | -0.3% |
| 30 Day | -1.9% | 0.9% | 4.9% |
| 90 Day | 1.8% | 5.1% | 24.5% |
| 1 Year | -6.8%-12.7% | -10.3%-14.2% | 18.0%15.9% |
| 3 Year | n/a | 15.0%-0.2% | 9.7%4.4% |
| 5 Year | n/a | 45.6%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
3 weeks ago | Simply Wall St
What Kind Of Shareholders Hold The Majority In Embassy Office Parks REIT's (NSE:EMBASSY) Shares?1 month ago | Simply Wall St
Have Insiders Been Buying Embassy Office Parks REIT (NSE:EMBASSY) Shares This Year?2 months ago | Simply Wall St
Earnings Beat: Embassy Office Parks REIT Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsValuation
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer of Embassy Office Parks Management Services Private Limited | 7yrs | no data | 0.028% ₹ 94.1m | |
| Chief Financial Officer for Manager to Embassy REIT | 0.67yr | no data | no data | |
| Deputy CEO & COO of Embassy Office Parks Management Services Private Limited | 1.75yrs | no data | no data | |
| Chief Investment Officer of Embassy Office Parks Management Services Private Limited | no data | no data | no data | |
| Vice President of Finance & Accounts | no data | no data | no data | |
| Head of Investor Relations & Capital Markets | no data | no data | no data | |
| General Counsel at Embassy Office Parks Management Services Private Limited | no data | no data | no data | |
| Compliance Officer & Company Secretary of Embassy Office Parks Management Services Private Limited | 0.42yr | no data | no data | |
| Human Resources Manager at Embassy Office Parks Management Services Private Limited | no data | no data | no data | |
| President of Leasing of Embassy Office Parks Management Services Private Limited | no data | no data | 0.0043% ₹ 14.6m | |
| Head of Projects/Capex of Embassy Office Parks Management Services Private Limited | no data | no data | no data | |
| Head of Operations of Embassy Office Parks Management Services Private Limited | no data | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non-Executive Director of Embassy Office Parks Management Services Private Limited | 2.42yrs | no data | no data | |
| Independent Director of Embassy Office Parks Management Services Private Limited | 2.42yrs | no data | no data | |
| Non-Executive Director of Embassy Office Parks Management Services Private Limited | 5.58yrs | no data | no data | |
| Independent Director of Embassy Office Parks Management Services Private Limited | 3.58yrs | no data | no data | |
| Non-Executive Chairman of Embassy Office Parks Management Services Private Limited | 3.83yrs | no data | 0.00021% ₹ 706.6k | |
| Non-Executive Director of Embassy Office Parks Management Services Private Limited | 2.42yrs | no data | 0.00055% ₹ 1.9m | |
| Independent Director of Embassy Office Parks Management Services Private Limited | 3.58yrs | no data | 0.00068% ₹ 2.3m | |
| Independent Director of Embassy Office Parks Management Services Private Limited | 2.42yrs | no data | no data | |
| Alternate Director | 1.58yrs | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 542602 | BSE (Mumbai Stock Exchange) | Yes | Units | IN | INR | Apr 2019 |
| EMBASSY | NSEI (National Stock Exchange of India) | Yes | Units | IN | INR | Apr 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 12:21 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.