Frasers Hospitality Trust
Market Cap
S$1.3b
Last Updated
2019/11/13 12:59 UTC
Data Sources
Company Financials +
Executive Summary
FHT is the first global hotel and serviced residence trust listed in Singapore on 14 July 2014, comprising FH-REIT and FH-BT.
Snowflake
Fundamentals
Second-rate dividend payer and slightly overvalued.
Share Price & News
How has Frasers Hospitality Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ACV has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.7%
ACV
-2.6%
SG REITs
-0.7%
SG Market
1 Year Return
-0.7%
ACV
16.2%
SG REITs
4.7%
SG Market
Return vs Industry: ACV underperformed the SG REITs industry which returned 16.2% over the past year.
Return vs Market: ACV underperformed the SG Market which returned 4.7% over the past year.
Shareholder returns
| ACV | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | -2.6% | -0.7% |
| 30 Day | -1.4% | -3.9% | 2.9% |
| 90 Day | 0.7% | -0.5% | 2.6% |
| 1 Year | 5.5%-0.7% | 23.5%16.2% | 8.9%4.7% |
| 3 Year | 31.8%8.5% | 48.4%22.5% | 20.8%8.0% |
| 5 Year | 21.2%-19.4% | 54.0%10.8% | 11.6%-7.0% |
Price Volatility Vs. Market
How volatile is Frasers Hospitality Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Why It Might Not Make Sense To Buy Frasers Hospitality Trust (SGX:ACV) For Its Upcoming Dividend1 week ago | Simply Wall St
Frasers Hospitality Trust Just Missed EPS By 18%: Here's What Analysts Think Will Happen Next2 weeks ago | Simply Wall St
Investors Who Bought Frasers Hospitality Trust (SGX:ACV) Shares Five Years Ago Are Now Down 18%Valuation
Is Frasers Hospitality Trust undervalued compared to its fair value and its price relative to the market?
30.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ACV (SGD0.71) is trading below our estimate of fair value (SGD1.01)
Significantly Below Fair Value: ACV is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ACV is poor value based on its PE Ratio (28.2x) compared to the REITs industry average (14.3x).
PE vs Market: ACV is poor value based on its PE Ratio (28.2x) compared to the SG market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: ACV is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: ACV is good value based on its PB Ratio (0.9x) compared to the SG REITs industry average (1x).
Next Steps
Future Growth
How is Frasers Hospitality Trust forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
12.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACV's forecast earnings growth (12.2% per year) is above the savings rate (2.3%).
Earnings vs Market: ACV's earnings (12.2% per year) are forecast to grow faster than the SG market (5.7% per year).
High Growth Earnings: ACV's earnings are forecast to grow, but not significantly.
Revenue vs Market: ACV's revenue (1.6% per year) is forecast to grow slower than the SG market (5.3% per year).
High Growth Revenue: ACV's revenue (1.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ACV's Return on Equity is forecast to be low in 3 years time (4.8%).
Next Steps
Past Performance
How has Frasers Hospitality Trust performed over the past 5 years?
-7.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ACV has large one-off items impacting its financial results.
Growing Profit Margin: ACV's current net profit margins (31.6%) are lower than last year (39.8%).
Past Earnings Growth Analysis
Earnings Trend: ACV's earnings have declined by -7.2% per year over the past 5 years.
Accelerating Growth: ACV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ACV had negative earnings growth (-23.8%) over the past year, making it difficult to compare to the REITs industry average (4.6%).
Return on Equity
High ROE: ACV's Return on Equity (3.5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Frasers Hospitality Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: ACV has a high level of physical assets or inventory.
Debt Coverage by Assets: ACV's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: ACV's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if ACV has a sufficient allowance for bad loans.
Low Risk Liabilities: ACV reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if ACV has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ACV has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if ACV has an appropriate level of bad loans.
Next Steps
Dividend
What is Frasers Hospitality Trust's current dividend yield, its reliability and sustainability?
6.17%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ACV's dividend (6.17%) is higher than the bottom 25% of dividend payers in the SG market (2.56%).
High Dividend: ACV's dividend (6.17%) is in the top 25% of dividend payers in the SG market (5.57%)
Stability and Growth of Payments
Stable Dividend: ACV has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ACV has only been paying a dividend for 4 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (84.1%), ACV's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ACV's dividends in 3 years are not forecast to be well covered by earnings (111.4% payout ratio).
Next Steps
Management
What is the CEO of Frasers Hospitality Trust's salary, the management and board of directors tenure and is there insider trading?
1.1yrs
Average management tenure
CEO
Colin Low (42yo)
0.3yrs
Tenure
Mr. Hsien Yang Low, also known as Colin, has been the Chief Executive Officer of Frasers Hospitality Trust since July 1, 2019. Mr. Low was the Head of Investment and Senior Director of Frasers Hospitality ...
Management Age and Tenure
1.1yrs
Average Tenure
Experienced Management: ACV's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Age and Tenure
5.4yrs
Average Tenure
65.5yo
Average Age
Experienced Board: ACV's board of directors are considered experienced (5.4 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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Eric Gan (48yo)
Chief Financial Officer
- Tenure: 0.8yrs
Sandy Leng
VP & Head of Investor Relations
- Tenure: 0yrs
Colin Low (42yo)
Chief Executive Officer
- Tenure: 0.3yrs
Jason Leong
Head of Investment
- Tenure: 1.4yrs
Catherine Yeo
Company Secretary of Frasers Hospitality Asset Management Pte Ltd
- Tenure: 3.1yrs
Christine Chua
VP & Deputy Head of Investment
- Tenure: 0yrs
Board Members
Phuay Hee Chua (66yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: S$54.00k
Teck Chuan Koh (59yo)
Non-Executive & Non-Independent Director
- Tenure: 0.5yrs
David Wong (66yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: S$87.50k
Song Keng Law (74yo)
Independent Chairman of the Board
- Tenure: 5.4yrs
- Compensation: S$175.00k
Choon Wei Liew (65yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: S$87.50k
Panote Sirivadhanabhakdi (42yo)
Non-Executive Director
- Tenure: 5.4yrs
Company Information
Frasers Hospitality Trust's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Frasers Hospitality Trust
- Ticker: ACV
- Exchange: SGX
- Founded:
- Industry: Hotel and Resort REITs
- Sector: Real Estate
- Market Cap: S$1.346b
- Shares outstanding: 1.91b
- Website: https://www.frasershospitalitytrust.com
Location
- Frasers Hospitality Trust
- 438 Alexandra Road
- No. 21-00 Alexandra Point
- Singapore
- 119958
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ACV | SGX (Singapore Exchange) | Yes | Stapled Securities | SG | SGD | Jul 2014 |
Biography
FHT is the first global hotel and serviced residence trust listed in Singapore on 14 July 2014, comprising FH-REIT and FH-BT. It is established with the principal strategy of investing globally, on a long- ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/13 12:59 |
| End of Day Share Price | 2019/11/13 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/09/30 |
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.