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Frasers Hospitality Trust

SGX:ACV
Snowflake Description

Second-rate dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ACV
SGX
SGD1B
Market Cap
  1. Home
  2. SG
  3. Real Estate
Company description

FHT is the first global hotel and serviced residence trust listed in Singapore on 14 July 2014, comprising FH-REIT and FH-BT. The last earnings update was 78 days ago. More info.


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ACV Share Price and Events
7 Day Returns
1.4%
SGX:ACV
-1.8%
SG REITs
0.4%
SG Market
1 Year Returns
-0.7%
SGX:ACV
2.6%
SG REITs
-5.9%
SG Market
ACV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Frasers Hospitality Trust (ACV) 1.4% 2.1% 5.7% -0.7% -8.6% -
SG REITs -1.8% 0.9% 4.9% 2.6% 14.4% 11.9%
SG Market 0.4% 3.3% 4.1% -5.9% 8.8% -2.5%
1 Year Return vs Industry and Market
  • ACV underperformed the REITs industry which returned 2.6% over the past year.
  • ACV outperformed the Market in Singapore which returned -5.9% over the past year.
Price Volatility
ACV
Industry
5yr Volatility vs Market

Value

 Is Frasers Hospitality Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Frasers Hospitality Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Frasers Hospitality Trust.

SGX:ACV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:ACV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.54 (1 + (1- 17%) (61.08%))
0.876
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (0.876 * 5.96%)
7.52%

Discounted Cash Flow Calculation for SGX:ACV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Frasers Hospitality Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:ACV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 7.52%)
2019 107.98 Est @ 2.32% 100.43
2020 110.48 Est @ 2.31% 95.56
2021 113.03 Est @ 2.31% 90.93
2022 115.64 Est @ 2.31% 86.52
2023 118.31 Est @ 2.31% 82.33
2024 121.04 Est @ 2.31% 78.33
2025 123.83 Est @ 2.3% 74.53
2026 126.68 Est @ 2.3% 70.92
2027 129.60 Est @ 2.3% 67.48
2028 132.58 Est @ 2.3% 64.20
Present value of next 10 years cash flows SGD811.24
SGX:ACV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD132.58 × (1 + 2.3%) ÷ (7.52% – 2.3%)
SGD2,599.38
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD2,599.38 ÷ (1 + 7.52%)10
SGD1,258.74
SGX:ACV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD811.24 + SGD1,258.74
SGD2,069.98
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD2,069.98 / 1,885.66
SGD1.1
SGX:ACV Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD1.10
Current discount Discount to share price of SGD0.75
= -1 x (SGD0.75 - SGD1.10) / SGD1.10
32.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Frasers Hospitality Trust is available for.
Intrinsic value
32%
Share price is SGD0.75 vs Future cash flow value of SGD1.1
Current Discount Checks
For Frasers Hospitality Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Frasers Hospitality Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Frasers Hospitality Trust's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Frasers Hospitality Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Frasers Hospitality Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:ACV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD0.03
SGX:ACV Share Price ** SGX (2019-04-18) in SGD SGD0.75
Singapore REITs Industry PE Ratio Median Figure of 39 Publicly-Listed REITs Companies 13.09x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Frasers Hospitality Trust.

SGX:ACV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:ACV Share Price ÷ EPS (both in SGD)

= 0.75 ÷ 0.03

22.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Frasers Hospitality Trust is overvalued based on earnings compared to the SG REITs industry average.
  • Frasers Hospitality Trust is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does Frasers Hospitality Trust's expected growth come at a high price?
Raw Data
SGX:ACV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
10.1%per year
Singapore REITs Industry PEG Ratio Median Figure of 37 Publicly-Listed REITs Companies 1.45x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

SGX:ACV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.54x ÷ 10.1%

2.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Frasers Hospitality Trust is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Frasers Hospitality Trust's assets?
Raw Data
SGX:ACV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD0.81
SGX:ACV Share Price * SGX (2019-04-18) in SGD SGD0.75
Singapore REITs Industry PB Ratio Median Figure of 41 Publicly-Listed REITs Companies 0.96x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:ACV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:ACV Share Price ÷ Book Value per Share (both in SGD)

= 0.75 ÷ 0.81

0.92x

* Primary Listing of Frasers Hospitality Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Frasers Hospitality Trust is good value based on assets compared to the SG REITs industry average.
X
Value checks
We assess Frasers Hospitality Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Frasers Hospitality Trust has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Frasers Hospitality Trust expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Frasers Hospitality Trust expected to grow at an attractive rate?
  • Frasers Hospitality Trust's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Frasers Hospitality Trust's earnings growth is expected to exceed the Singapore market average.
  • Frasers Hospitality Trust's revenue growth is positive but not above the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:ACV Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:ACV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 10.1%
SGX:ACV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 4.6%
Singapore REITs Industry Earnings Growth Rate Market Cap Weighted Average -4.3%
Singapore REITs Industry Revenue Growth Rate Market Cap Weighted Average 3%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.6%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:ACV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:ACV Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 175 116 90 2
2020-09-30 167 112 86 2
2019-09-30 159 113 81 2
SGX:ACV Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 155 114 62
2018-09-30 156 113 62
2018-06-30 159 110 154
2018-03-31 159 109 156
2017-12-31 161 108 156
2017-09-30 159 113 152
2017-06-30 151 117 73
2017-03-31 143 116 58
2016-12-31 132 108 54
2016-09-30 124 108 60

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Frasers Hospitality Trust's earnings are expected to grow by 10.1% yearly, however this is not considered high growth (20% yearly).
  • Frasers Hospitality Trust's revenue is expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:ACV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Frasers Hospitality Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:ACV Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 0.05 0.06 0.04 2.00
2020-09-30 0.05 0.05 0.04 2.00
2019-09-30 0.04 0.05 0.04 2.00
SGX:ACV Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 0.03
2018-09-30 0.03
2018-06-30 0.08
2018-03-31 0.08
2017-12-31 0.08
2017-09-30 0.08
2017-06-30 0.04
2017-03-31 0.04
2016-12-31 0.04
2016-09-30 0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Frasers Hospitality Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Frasers Hospitality Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Frasers Hospitality Trust has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Frasers Hospitality Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Frasers Hospitality Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Frasers Hospitality Trust's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Frasers Hospitality Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Frasers Hospitality Trust's 1-year earnings growth is negative, it can't be compared to the SG REITs industry average.
Earnings and Revenue History
Frasers Hospitality Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Frasers Hospitality Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:ACV Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 155.05 61.92 16.07
2018-09-30 155.88 62.07 15.77
2018-06-30 158.73 154.06 15.34
2018-03-31 159.43 155.67 15.11
2017-12-31 160.62 156.36 14.84
2017-09-30 158.72 152.13 15.25
2017-06-30 150.63 73.01 12.33
2017-03-31 143.46 58.43 9.68
2016-12-31 131.81 54.26 7.41
2016-09-30 123.63 60.37 4.47
2015-09-30 103.00 108.37 3.77
2013-12-31 97.87 51.52 1.35
2013-09-30 97.58 51.15 1.38
2012-09-30 93.88 47.67 1.53

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Frasers Hospitality Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Frasers Hospitality Trust used its assets less efficiently than the SG REITs industry average last year based on Return on Assets.
  • Frasers Hospitality Trust has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Frasers Hospitality Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Frasers Hospitality Trust has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Frasers Hospitality Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Frasers Hospitality Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Frasers Hospitality Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Frasers Hospitality Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Frasers Hospitality Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Frasers Hospitality Trust Company Filings, last reported 3 months ago.

SGX:ACV Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,521.13 852.35 75.44
2018-09-30 1,552.53 835.02 77.08
2018-06-30 1,548.11 854.83 86.81
2018-03-31 1,583.25 838.89 96.36
2017-12-31 1,563.09 821.27 64.02
2017-09-30 1,606.17 810.94 79.76
2017-06-30 1,481.94 810.21 67.51
2017-03-31 1,510.86 796.65 79.99
2016-12-31 1,472.53 792.79 62.41
2016-09-30 1,244.15 810.01 64.39
2015-09-30 1,172.28 785.00 52.31
2013-12-31 995.63 712.81 27.33
2013-09-30 995.81 714.23 27.12
2012-09-30
  • Frasers Hospitality Trust's level of debt (56%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (71.6% vs 56% today).
  • Debt is not well covered by operating cash flow (13.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.6x coverage).
X
Financial health checks
We assess Frasers Hospitality Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Frasers Hospitality Trust has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Frasers Hospitality Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.28%
Current annual income from Frasers Hospitality Trust dividends. Estimated to be 6.71% next year.
If you bought SGD2,000 of Frasers Hospitality Trust shares you are expected to receive SGD126 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Frasers Hospitality Trust's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.51%).
  • Frasers Hospitality Trust's dividend is above the markets top 25% of dividend payers in Singapore (5.43%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:ACV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Singapore REITs Industry Average Dividend Yield Market Cap Weighted Average of 41 Stocks 5.7%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:ACV Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 0.05 2.00
2020-09-30 0.05 2.00
2019-09-30 0.05 2.00
SGX:ACV Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2018-10-25 0.047 6.522
2017-10-27 0.050 6.839
2017-04-28 0.049 6.619
2016-12-27 0.047 6.825
2016-10-28 0.047 7.124
2016-07-29 0.061 8.267
2016-04-29 0.061 7.843
2015-11-20 0.067 8.752
2015-10-29 0.067 8.818

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Frasers Hospitality Trust has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Frasers Hospitality Trust has only been paying a dividend for 3 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Frasers Hospitality Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.9x coverage).
X
Income/ dividend checks
We assess Frasers Hospitality Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Frasers Hospitality Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Frasers Hospitality Trust has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Frasers Hospitality Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Frasers Hospitality Trust has no CEO, or we have no data on them.
Management Team Tenure

Average tenure of the Frasers Hospitality Trust management team in years:

1.7
Average Tenure
  • The average tenure for the Frasers Hospitality Trust management team is less than 2 years, this suggests a new team.
Management Team

Eric Gan

TITLE
Chief Financial Officer
AGE
47
TENURE
0.3 yrs

Jason Leong

TITLE
Head of Investment
TENURE
0.8 yrs

Sandy Leng

TITLE
Head of Investor Relations

Christine Chua

TITLE
VP & Deputy Head of Investment

Catherine Yeo

TITLE
Company Secretary of Frasers Hospitality Asset Management Pte Ltd
TENURE
2.5 yrs

Caris Ang

TITLE
Deputy Director of Asset Management
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure and age of the Frasers Hospitality Trust board of directors in years:

4.8
Average Tenure
64.5
Average Age
  • The tenure for the Frasers Hospitality Trust board of directors is about average.
Board of Directors

Song Keng Law

TITLE
Chairman of the Board
COMPENSATION
SGD175K
AGE
73
TENURE
4.8 yrs

David Wong

TITLE
Independent Director
COMPENSATION
SGD88K
AGE
65
TENURE
4.8 yrs

Peng Sum Choe

TITLE
Director
COMPENSATION
SGD53K
AGE
58
TENURE
5.4 yrs

Phuay Hee Chua

TITLE
Independent Director
COMPENSATION
SGD54K
AGE
65
TENURE
4.8 yrs

Choon Wei Liew

TITLE
Independent Director
COMPENSATION
SGD88K
AGE
64
TENURE
4.8 yrs

Panote Sirivadhanabhakdi

TITLE
Non-Executive Director
AGE
41
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
X
Management checks
We assess Frasers Hospitality Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Frasers Hospitality Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Investing In Frasers Hospitality Trust (SGX:ACV): What You Need To Know

Frasers Hospitality Trust is a S$1.4b. … real estate investment trust (REIT) based in Singapore, Singapore. … See our latest analysis for Frasers Hospitality Trust

Simply Wall St -

Can We See Significant Insider Ownership On The Frasers Hospitality Trust (SGX:ACV) Share Register?

The big shareholder groups in Frasers Hospitality Trust (SGX:ACV) have power over the company. … With a market capitalization of S$1.4b, Frasers Hospitality Trust is a decent size, so it is probably on the radar of institutional investors. … Check out our latest analysis for Frasers Hospitality Trust

Simply Wall St -

Does The Hype Around Frasers Hospitality Trust's (SGX:ACV) Growth Justify Its January Share Price?

Frasers Hospitality Trust (SGX:ACV) is considered a high-growth stock, but its last closing price of SGD0.725 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Check out our latest analysis for Frasers Hospitality Trust? … Analysts are predicting good growth prospects for Frasers Hospitality Trust over the next couple of years

Simply Wall St -

A Closer Look At Frasers Hospitality Trust's (SGX:ACV) Uninspiring ROE

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Frasers Hospitality Trust (SGX:ACV). … Frasers Hospitality Trust has a ROE of 4.3%, based on the last twelve months.

Simply Wall St -

What Do Analysts Think About Frasers Hospitality Trust's (SGX:ACV) Future?

After Frasers Hospitality Trust's (SGX:ACV) earnings announcement in September 2018,. … with profits predicted to increase by 31% next year … the past 5-year average growth rate of 16%

Simply Wall St -

What Should We Expect From Frasers Hospitality Trust's (SGX:ACV) Earnings Over The Next Few Years?

Frasers Hospitality Trust's (SGX:ACV) released its most recent earnings update in September 2018, whicha

Simply Wall St -

What Kind Of Shareholders Own Frasers Hospitality Trust (SGX:ACV)?

If you want to know who really controls Frasers Hospitality Trust (SGX:ACV), then you'll have to look at the makeup of its share registry. … With a market capitalization of S$1.3b, Frasers Hospitality Trust is a decent size, so it is probably on the radar of institutional investors. … Check out our latest analysis for Frasers Hospitality Trust

Simply Wall St -

Is Frasers Hospitality Trust (SGX:ACV) Potentially Underrated?

Attractive stocks have exceptional fundamentals. … In the case of Frasers Hospitality Trust (SGX:ACV), there's

Simply Wall St -

Spotlight On Frasers Hospitality Trust's (SGX:ACV) Fundamentals

Frasers Hospitality Trust (SGX:ACV) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of ACV, it.

Simply Wall St -

How Does Frasers Hospitality Trust (SGX:ACV) Fare As A Dividend Stock?

In the past 3 years Frasers Hospitality Trust (SGX:ACV) has returned an average of 8.00% per year to investors in the form of dividend payouts. … Let's dig deeper into whether Frasers Hospitality Trust should have a place in your portfolio. … Check out our latest analysis for Frasers Hospitality Trust

Simply Wall St -

Company Info

Description

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-term basis, in income producing real estate assets used primarily for hospitality purposes. FHT provides investors exposure to one of the largest international hospitality portfolios by number of keys. Its geographically diversified portfolio of 15 quality assets are in prime locations across 9 key cities in Asia, Australia and Europe. With a combined appraised value of S$2.40 billion, these 9 hotels and 6 serviced residences are: Novotel Melbourne on Collins, Novotel Sydney Darling Square (formerly Novotel Rockford Darling Harbour), Sofitel Sydney Wentworth, Fraser Suites Sydney, InterContinental Singapore, Fraser Suites Singapore, ibis Styles London Gloucester Road (formerly Best Western Cromwell London), Park International London, Fraser Suites Edinburgh, Fraser Suites Glasgow, Fraser Suites Queens Gate, Fraser Place Canary Wharf, ANA Crowne Plaza Kobe, The Westin Kuala Lumpur and Maritim Hotel Dresden. Collectively, they have a total of 3,913 rooms comprising 3,071 hotel rooms and 842 serviced residence units. FHT is managed by Frasers Hospitality Asset Management Pte. Ltd., the REIT manager of FH-REIT, and Frasers Hospitality Trust Management Pte. Ltd., the trustee-manager of FH-BT (collectively known as the “Managers”). The Managers are wholly-owned subsidiaries of Frasers Property Limited which is the sponsor of FHT.

Details
Name: Frasers Hospitality Trust
ACV
Exchange: SGX
Founded:
SGD1,395,390,330
1,885,662,609
Website: http://www.frasershospitalitytrust.com
Address: Frasers Hospitality Trust
438 Alexandra Road,
No. 21-00 Alexandra Point,
Singapore,
119958,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX ACV Stapled Securities Singapore Exchange SG SGD 14. Jul 2014
Number of employees
Current staff
Staff numbers
0
Frasers Hospitality Trust employees.
Industry
Hotel and Resort REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 13:02
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/03
Last earnings filing: 2019/01/30
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.