Ascott Residence Trust
Market Cap
S$3.2b
Last Updated
2021/03/08 11:07 UTC
Data Sources
Company Financials +
Executive Summary
Ascott Residence Trust (ART) is the largest hospitality trust in Asia Pacific with an asset value of S$7.2 billion as at 31 December 2020. More Details
Rewards
Risk Analysis
Dividend of 2.97% is not well covered by earnings or forecast to be in the next 3 years
Snowflake Analysis
Reasonable growth potential and slightly overvalued.
Share Price & News
How has Ascott Residence Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HMN is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: HMN's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
2.5%
HMN
-0.2%
SG REITs
1.3%
SG Market
1 Year Return
-4.7%
HMN
-13.0%
SG REITs
-1.6%
SG Market
Return vs Industry: HMN exceeded the SG REITs industry which returned -13% over the past year.
Return vs Market: HMN underperformed the SG Market which returned -1.6% over the past year.
Shareholder returns
| HMN | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.5% | -0.2% | 1.3% |
| 30 Day | 1.0% | -3.6% | 2.2% |
| 90 Day | -1.0% | -0.2% | 6.6% |
| 1 Year | -1.7%-4.7% | -8.4%-13.0% | 3.5%-1.6% |
| 3 Year | -1.7%-12.8% | 17.3%-2.3% | -7.2%-18.6% |
| 5 Year | 20.9%-9.7% | 45.6%7.6% | 17.0%-4.4% |
Long-Term Price Volatility Vs. Market
How volatile is Ascott Residence Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Reflecting on Ascott Residence Trust's (SGX:HMN) Share Price Returns Over The Last Year2 months ago | Simply Wall St
What You Need To Know About Ascott Residence Trust's (SGX:HMN) Investor Composition7 months ago | Simply Wall St
Is Ascott Residence Trust's (SGX:HMN) Recent Stock Performance Influenced By Its Fundamentals In Any Way?Valuation
Is Ascott Residence Trust undervalued compared to its fair value and its price relative to the market?
40.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HMN (SGD1.02) is trading below our estimate of fair value (SGD1.71)
Significantly Below Fair Value: HMN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HMN is unprofitable, so we can't compare its PE Ratio to the SG REITs industry average.
PE vs Market: HMN is unprofitable, so we can't compare its PE Ratio to the SG market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HMN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HMN's PB Ratio (0.8x) is in line with the SG REITs industry average.
Next Steps
Future Growth
How is Ascott Residence Trust forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
87.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HMN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: HMN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: HMN's is expected to become profitable in the next 3 years.
Revenue vs Market: HMN's revenue (19.4% per year) is forecast to grow faster than the SG market (9.1% per year).
High Growth Revenue: HMN's revenue (19.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HMN's Return on Equity is forecast to be low in 3 years time (4.1%).
Next Steps
Past Performance
How has Ascott Residence Trust performed over the past 5 years?
-22.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HMN is currently unprofitable.
Growing Profit Margin: HMN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HMN is unprofitable, and losses have increased over the past 5 years at a rate of 22.1% per year.
Accelerating Growth: Unable to compare HMN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HMN is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-29.3%).
Return on Equity
High ROE: HMN has a negative Return on Equity (-5.57%), as it is currently unprofitable.
Next Steps
Financial Health
How is Ascott Residence Trust's financial position?
Financial Position Analysis
Short Term Liabilities: HMN's short term assets (SGD622.2M) exceed its short term liabilities (SGD537.5M).
Long Term Liabilities: HMN's short term assets (SGD622.2M) do not cover its long term liabilities (SGD2.6B).
Debt to Equity History and Analysis
Debt Level: HMN's debt to equity ratio (61.6%) is considered high.
Reducing Debt: HMN's debt to equity ratio has reduced from 68.1% to 61.6% over the past 5 years.
Debt Coverage: HMN's debt is not well covered by operating cash flow (3%).
Interest Coverage: HMN is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Ascott Residence Trust current dividend yield, its reliability and sustainability?
2.97%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HMN's dividend (2.97%) is higher than the bottom 25% of dividend payers in the SG market (1.88%).
High Dividend: HMN's dividend (2.97%) is low compared to the top 25% of dividend payers in the SG market (4.82%).
Stability and Growth of Payments
Stable Dividend: HMN's dividend payments have been volatile in the past 10 years.
Growing Dividend: HMN's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (206.2%), HMN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HMN's dividends in 3 years are not forecast to be well covered by earnings (114.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.4yrs
Average management tenure
CEO
Siew Kim Beh (49 yo)
3.83yrs
Tenure
Ms. Siew Kim Beh is the Chief Executive Officer and Executive Non-Independent Director of Ascott Residence Trust Management Limited. She had been the Chief Executive Officer of Ascott Residence Trust Manag...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Non-Independent Director of Ascott Residence Trust Management Limited | 3.83yrs | no data | 0.0087% SGD 280.5k | |
| Chief Financial Officer of Ascott Residence Trust Management Limited | no data | no data | no data | |
| Head of Investment & Asset Management | no data | no data | no data | |
| Vice President Investor Relations & Asset Management | no data | no data | no data | |
| Vice President of Group Communications - Ascott Residence Trust Management Limited | no data | no data | no data | |
| Company Secretary of Ascott Residence Trust Management Limited | 4.42yrs | no data | no data | |
| Company Secretary of Ascott Residence Trust Management Limited | 4.42yrs | no data | no data |
4.4yrs
Average Tenure
Experienced Management: HMN's management team is considered experienced (4.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Non-Independent Director of Ascott Residence Trust Management Limited | 3.83yrs | no data | 0.0087% SGD 280.5k | |
| Independent Non-Executive Director of Ascott Residence Trust Management Limited | 8.17yrs | S$74.70k | 0.0032% SGD 103.0k | |
| Independent Chairman of Ascott Residence Trust Management Limited | 4.5yrs | S$131.00k | 0.0031% SGD 98.8k | |
| Non-Executive Non-Independent Director of Ascott Residence Trust Management Limited | 7.75yrs | no data | 0.0015% SGD 48.3k | |
| Independent Non-Executive Director of Ascott Residence Trust Management Limited | 4.5yrs | S$105.00k | 0.0033% SGD 107.5k | |
| Non-Executive Non-Independent Director of Ascott Residence Trust Management Limited | 3.17yrs | no data | 0% SGD 0 | |
| Independent Non-Executive Director of Ascott Residence Trust Management Limited | 4.5yrs | S$96.00k | 0.0018% SGD 58.3k |
4.5yrs
Average Tenure
55yo
Average Age
Experienced Board: HMN's board of directors are considered experienced (4.5 years average tenure).
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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Ascott Residence Trust's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ascott Residence Trust
- Ticker: HMN
- Exchange: SGX
- Founded: 2006
- Industry: Hotel and Resort REITs
- Sector: Real Estate
- Market Cap: S$3.239b
- Shares outstanding: 3.11b
- Website: https://www.ascottreit.com
Location
- Ascott Residence Trust
- No. 30-01 Capital Tower
- 168 Robinson Road
- Singapore
- 68912
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HMN | SGX (Singapore Exchange) | Yes | Stapled Security | SG | SGD | Mar 2006 |
Biography
Ascott Residence Trust (ART) is the largest hospitality trust in Asia Pacific with an asset value of S$7.2 billion as at 31 December 2020. Having listed on the Singapore Exchange Securities Trading Limited...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/08 11:07 |
| End of Day Share Price | 2021/03/08 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.