Snowflake Score | |
---|---|
Valuation | 5/6 |
Future Growth | 1/6 |
Past Performance | 1/6 |
Financial Health | 1/6 |
Dividends | 2/6 |
HMN Stock Overview
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.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 4% per year for the next 3 years
+ 1 more risk
Ascott Residence Trust Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | S$1.11 |
52 Week High | S$1.18 |
52 Week Low | S$0.92 |
Beta | 1.15 |
1 Month Change | -0.89% |
3 Month Change | -0.89% |
1 Year Change | 8.82% |
3 Year Change | -14.62% |
5 Year Change | -3.90% |
Change since IPO | -3.48% |
Recent News & Updates
Shareholder Returns
HMN | SG REITs | SG Market | |
---|---|---|---|
7D | -3.5% | 1.1% | 0.2% |
1Y | 8.8% | -4.7% | -3.4% |
Return vs Industry: HMN exceeded the SG REITs industry which returned -4.7% over the past year.
Return vs Market: HMN exceeded the SG Market which returned -3.4% over the past year.
Price Volatility
HMN volatility | |
---|---|
HMN Average Weekly Movement | 2.5% |
REITs Industry Average Movement | 2.8% |
Market Average Movement | 4.8% |
10% most volatile stocks in SG Market | 11.3% |
10% least volatile stocks in SG Market | 2.2% |
Stable Share Price: HMN is less volatile than 75% 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.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
2006 | n/a | Siew Kim Beh | https://www.ascottreit.com |
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 (SGX-ST) since March 2006, ART’s objective is to invest primarily in incomeproducing real estate and real estate-related assets which are used or predominantly used as serviced residences, hotels, rental housing properties and other hospitality assets in any country in the world. Ascott Real Estate Investment Trust's investment mandate will include student accommodation to be effected on 27 February 2021.
Ascott Residence Trust Fundamentals Summary
HMN fundamental statistics | |
---|---|
Market Cap | S$3.65b |
Earnings (TTM) | S$295.82m |
Revenue (TTM) | S$394.41m |
12.3x
P/E Ratio9.3x
P/S RatioIs HMN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
HMN income statement (TTM) | |
---|---|
Revenue | S$394.41m |
Cost of Revenue | S$250.54m |
Gross Profit | S$143.87m |
Other Expenses | -S$151.95m |
Earnings | S$295.82m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
Earnings per share (EPS) | 0.09 |
Gross Margin | 36.48% |
Net Profit Margin | 75.00% |
Debt/Equity Ratio | 62.6% |
How did HMN perform over the long term?
See historical performance and comparisonDividends
3.4%
Current Dividend Yield107%
Payout RatioValuation
Is HMN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for HMN?
Other financial metrics that can be useful for relative valuation.
What is HMN's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | S$3.65b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 16.2x |
Enterprise Value/EBITDA | 44.9x |
PEG Ratio | -3.1x |
Price to Earnings Ratio vs Peers
How does HMN's PE Ratio compare to its peers?
HMN PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 31x |
Price-To-Earnings vs Peers: HMN is good value based on its Price-To-Earnings Ratio (12.3x) compared to the peer average (31x).
Price to Earnings Ratio vs Industry
How does HMN's PE Ratio compare vs other companies in the Singaporean REITs Industry?
Price-To-Earnings vs Industry: HMN is good value based on its Price-To-Earnings Ratio (12.3x) compared to the SG REITs industry average (14.1x)
Price to Earnings Ratio vs Fair Ratio
What is HMN'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.
Fair Ratio | |
---|---|
Current PE Ratio | 12.3x |
Fair PE Ratio | 13.8x |
Price-To-Earnings vs Fair Ratio: HMN is good value based on its Price-To-Earnings Ratio (12.3x) compared to the estimated Fair Price-To-Earnings Ratio (13.8x).
Share Price vs Fair Value
What is the Fair Price of HMN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: HMN (SGD1.11) is trading below our estimate of fair value (SGD1.49)
Significantly Below Fair Value: HMN is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: HMN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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Future Growth
How is Ascott Residence Trust forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-4.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HMN's earnings are forecast to decline over the next 3 years (-4% per year).
Earnings vs Market: HMN's earnings are forecast to decline over the next 3 years (-4% per year).
High Growth Earnings: HMN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: HMN's revenue (16.1% per year) is forecast to grow faster than the SG market (7.8% per year).
High Growth Revenue: HMN's revenue (16.1% 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 (4.7%).
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Past Performance
How has Ascott Residence Trust performed over the past 5 years?
Past Performance Score
1/6Past Performance Score 1/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-24.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HMN has a large one-off gain of SGD305.2M impacting its December 31 2021 financial results.
Growing Profit Margin: HMN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: HMN's earnings have declined by 24.9% per year over the past 5 years.
Accelerating Growth: HMN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HMN has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (87.6%).
Return on Equity
High ROE: HMN's Return on Equity (7.1%) is considered low.
Discover strong past performing companies
Financial Health
How is Ascott Residence Trust's financial position?
Financial Health Score
1/6Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: HMN's short term assets (SGD463.5M) do not cover its short term liabilities (SGD971.9M).
Long Term Liabilities: HMN's short term assets (SGD463.5M) do not cover its long term liabilities (SGD2.4B).
Debt to Equity History and Analysis
Debt Level: HMN's net debt to equity ratio (54.4%) is considered high.
Reducing Debt: HMN's debt to equity ratio has reduced from 69.9% to 62.6% over the past 5 years.
Debt Coverage: HMN's debt is not well covered by operating cash flow (5.3%).
Interest Coverage: HMN's interest payments on its debt are not well covered by EBIT (2.3x coverage).
Balance Sheet
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Dividend
What is Ascott Residence Trust current dividend yield, its reliability and sustainability?
Dividend Score
1/6Dividend Score 1/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
3.40%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HMN's dividend (3.4%) is higher than the bottom 25% of dividend payers in the SG market (2.34%).
High Dividend: HMN's dividend (3.4%) is low compared to the top 25% of dividend payers in the SG market (6.16%).
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.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (107.1%), HMN's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (85.1%), HMN's dividend payments are covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
5.1yrs
Average management tenure
CEO
Siew Kim Beh (50 yo)
5.08yrs
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
Experienced Management: HMN's management team is seasoned and experienced (5.1 years average tenure).
Board Members
Experienced Board: HMN's board of directors are considered experienced (3.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HMN 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 5.4%.
Top Shareholders
Company Information
Ascott Residence Trust's 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
- Implied Market Cap: S$3.648b
- Shares outstanding: 3.29b
- Website: https://www.ascottreit.com
Location
- Ascott Residence Trust
- No. 30-01 Capital Tower
- 168 Robinson Road
- Singapore
- 68912
- Singapore
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/06/25 00:00 |
End of Day Share Price | 2022/06/24 00:00 |
Earnings | 2021/12/31 |
Annual Earnings | 2021/12/31 |
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.