Frasers Hospitality Trust

SGX:ACV Stock Report

Market Cap: S$1.1b

Frasers Hospitality Trust Valuation

Is ACV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ACV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ACV (SGD0.59) is trading below our estimate of fair value (SGD0.81)

Significantly Below Fair Value: ACV is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ACV?

Key metric: As ACV is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ACV. This is calculated by dividing ACV's market cap by their current earnings.
What is ACV's PE Ratio?
PE Ratio55.5x
EarningsS$20.29m
Market CapS$1.14b

Price to Earnings Ratio vs Peers

How does ACV's PE Ratio compare to its peers?

The above table shows the PE ratio for ACV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14x
J85 CDL Hospitality Trusts
8.5x-28.7%S$1.1b
Q5T Far East Hospitality Trust
10.5x-14.9%S$1.2b
HMN CapitaLand Ascott Trust
13.9x-8.9%S$3.3b
O5RU AIMS APAC REIT
23x21.1%S$1.0b
ACV Frasers Hospitality Trust
55.5x24.1%S$1.1b

Price-To-Earnings vs Peers: ACV is expensive based on its Price-To-Earnings Ratio (55.5x) compared to the peer average (14x).

Price to Earnings Ratio vs Industry

How does ACV's PE Ratio compare vs other companies in the Asian Hotel and Resort REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ACV 55.5xIndustry Avg. 11.2xNo. of Companies5PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ACV is expensive based on its Price-To-Earnings Ratio (55.5x) compared to the Asian Hotel and Resort REITs industry average (11.2x).

Price to Earnings Ratio vs Fair Ratio

What is ACV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ACV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio55.5x
Fair PE Ratio22.4x

Price-To-Earnings vs Fair Ratio: ACV is expensive based on its Price-To-Earnings Ratio (55.5x) compared to the estimated Fair Price-To-Earnings Ratio (22.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ACV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentS$0.58
S$0.47
-20.5%
3.2%S$0.48S$0.45n/a2
Dec ’25S$0.42
S$0.47
+10.7%
3.2%S$0.48S$0.45n/a2
Nov ’25S$0.43
S$0.55
+27.9%
12.7%S$0.62S$0.48n/a2
Oct ’25S$0.47
S$0.55
+18.3%
12.7%S$0.62S$0.48n/a2
Sep ’25S$0.43
S$0.55
+26.4%
12.7%S$0.62S$0.48n/a2
Aug ’25S$0.42
S$0.56
+34.5%
9.7%S$0.62S$0.51n/a2
Jul ’25S$0.41
S$0.56
+36.1%
9.7%S$0.62S$0.51n/a2
Jun ’25S$0.43
S$0.56
+31.4%
9.7%S$0.62S$0.51n/a2
May ’25S$0.46
S$0.57
+25.0%
7.8%S$0.62S$0.53n/a2
Apr ’25S$0.47
S$0.57
+23.7%
7.8%S$0.62S$0.53n/a2
Mar ’25S$0.47
S$0.57
+23.7%
7.8%S$0.62S$0.53n/a2
Feb ’25S$0.47
S$0.57
+22.3%
7.8%S$0.62S$0.53n/a2
Jan ’25S$0.49
S$0.57
+16.2%
7.8%S$0.62S$0.53n/a2
Dec ’24S$0.50
S$0.57
+15.0%
7.8%S$0.62S$0.53S$0.422
Nov ’24S$0.51
S$0.56
+9.8%
3.6%S$0.58S$0.54S$0.432
Oct ’24S$0.51
S$0.56
+10.9%
3.6%S$0.58S$0.54S$0.472
Sep ’24S$0.47
S$0.56
+17.9%
3.6%S$0.58S$0.54S$0.432
Aug ’24S$0.48
S$0.56
+16.7%
3.6%S$0.58S$0.54S$0.422
Jul ’24S$0.47
S$0.56
+19.1%
3.6%S$0.58S$0.54S$0.412
Jun ’24S$0.47
S$0.56
+17.9%
3.6%S$0.58S$0.54S$0.432
May ’24S$0.48
S$0.56
+16.7%
3.6%S$0.58S$0.54S$0.462
Apr ’24S$0.45
S$0.56
+24.4%
3.6%S$0.58S$0.54S$0.472
Mar ’24S$0.47
S$0.56
+19.1%
3.6%S$0.58S$0.54S$0.472
Feb ’24S$0.50
S$0.56
+13.0%
2.7%S$0.58S$0.55S$0.472
Jan ’24S$0.45
S$0.56
+27.0%
2.7%S$0.58S$0.55S$0.492
Dec ’23S$0.44
S$0.56
+28.4%
2.7%S$0.58S$0.55S$0.502

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 10:33
End of Day Share Price 2024/12/31 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Frasers Hospitality Trust is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kang Ho ChongBNP Paribas Securities (Asia)
Geraldine WongDBS Bank Ltd
Krishna GuhaMaybank Research Pte. Ltd.