CDL Hospitality Trusts
Market Cap
S$1.5b
Last Updated
2021/03/04 11:09 UTC
Data Sources
Company Financials +
Executive Summary
CDL Hospitality Trusts (“CDLHT”) is one of Asia’s leading hospitality trusts with assets under management of about S$2.9 billion as at 31 December 2020. More Details
Rewards
Risk Analysis
Dividend of 4.02% is not well covered by earnings or forecast to be in the next 3 years
Snowflake Analysis
Reasonable growth potential and slightly overvalued.
Similar Companies
Share Price & News
How has CDL Hospitality Trusts's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: J85 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: J85's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.8%
J85
0.5%
SG REITs
1.1%
SG Market
1 Year Return
-10.4%
J85
-12.3%
SG REITs
-4.0%
SG Market
Return vs Industry: J85 matched the SG REITs industry which returned -9.7% over the past year.
Return vs Market: J85 underperformed the SG Market which returned -3.7% over the past year.
Shareholder returns
| J85 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.8% | 0.5% | 1.1% |
| 30 Day | -2.4% | -3.3% | 1.9% |
| 90 Day | -6.9% | 1.3% | 6.1% |
| 1 Year | -6.3%-10.4% | -7.8%-12.3% | 1.0%-4.0% |
| 3 Year | -15.1%-27.5% | 18.4%-1.3% | -7.1%-18.5% |
| 5 Year | 30.5%-5.5% | 46.5%8.2% | 17.0%-4.4% |
Long-Term Price Volatility Vs. Market
How volatile is CDL Hospitality Trusts's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Here's What CDL Hospitality Trusts' (SGX:J85) Shareholder Ownership Structure Looks Like2 months ago | Simply Wall St
Is CDL Hospitality Trusts' (SGX:J85) Recent Stock Performance Influenced By Its Fundamentals In Any Way?4 months ago | Simply Wall St
If You Had Bought CDL Hospitality Trusts' (SGX:J85) Shares Three Years Ago You Would Be Down 38%Valuation
Is CDL Hospitality Trusts undervalued compared to its fair value and its price relative to the market?
42.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: J85 (SGD1.23) is trading below our estimate of fair value (SGD2.1)
Significantly Below Fair Value: J85 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: J85 is unprofitable, so we can't compare its PE Ratio to the SG REITs industry average.
PE vs Market: J85 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 J85's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: J85's PB Ratio (0.9x) is in line with the SG REITs industry average.
Next Steps
Future Growth
How is CDL Hospitality Trusts forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
105.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: J85 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: J85 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: J85's is expected to become profitable in the next 3 years.
Revenue vs Market: J85's revenue (19.8% per year) is forecast to grow faster than the SG market (9.2% per year).
High Growth Revenue: J85's revenue (19.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: J85's Return on Equity is forecast to be low in 3 years time (4.6%).
Next Steps
Past Performance
How has CDL Hospitality Trusts performed over the past 5 years?
-9.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: J85 is currently unprofitable.
Growing Profit Margin: J85 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: J85 is unprofitable, and losses have increased over the past 5 years at a rate of 9.3% per year.
Accelerating Growth: Unable to compare J85's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: J85 is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-29.3%).
Return on Equity
High ROE: J85 has a negative Return on Equity (-11.62%), as it is currently unprofitable.
Next Steps
Financial Health
How is CDL Hospitality Trusts's financial position?
Financial Position Analysis
Short Term Liabilities: J85's short term assets (SGD161.6M) do not cover its short term liabilities (SGD348.6M).
Long Term Liabilities: J85's short term assets (SGD161.6M) do not cover its long term liabilities (SGD878.1M).
Debt to Equity History and Analysis
Debt Level: J85's debt to equity ratio (63.2%) is considered high.
Reducing Debt: J85's debt to equity ratio has increased from 58.9% to 63.2% over the past 5 years.
Debt Coverage: J85's debt is not well covered by operating cash flow (4.8%).
Interest Coverage: J85 is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is CDL Hospitality Trusts's current dividend yield, its reliability and sustainability?
4.09%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: J85's dividend (4.02%) is higher than the bottom 25% of dividend payers in the SG market (2%).
High Dividend: J85's dividend (4.02%) is low compared to the top 25% of dividend payers in the SG market (4.71%).
Stability and Growth of Payments
Stable Dividend: J85's dividend payments have been volatile in the past 10 years.
Growing Dividend: J85's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (156.1%), J85's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: J85's dividends in 3 years are not forecast to be well covered by earnings (140.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
14.2yrs
Average management tenure
CEO
Vincent Yeo (51 yo)
14.67yrs
Tenure
S$50,000
Compensation
Mr. Wee Eng Yeo, also known as Vincent, has been the Chief Executive Officer of M&C Business Trust Management Limited and M&C Reit Management Limited since July 19, 2006. Mr. Yeo serves as the Chief Execut...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director of M&C REIT Management Limited and M&C Business Trust Management Ltd | 14.67yrs | S$50.00k | 0.011% SGD 172.5k | |
| Chief Financial Officer of M&C REIT Management Ltd and M&C Business Trust Management Ltd | 14.17yrs | no data | no data | |
| Head of Investments & Investor Relations of M&C REIT Mgmt Ltd and M&C Business Trust Mgmt Ltd | no data | no data | no data | |
| Compliance Manager - M&C REIT Management Limited and M&C Business Trust Management Limited | 2.75yrs | no data | no data | |
| Head of Asset Management of M&C Reit Management Limited and M&C Business Trust Management Limited | no data | no data | no data | |
| Company Secretary of M&C Reit Management Limited and M&C Business Trust Management Limited | no data | no data | no data | |
| Company Secretary of M&C Reit Management Limited and M&C Business Trust Management Limited | no data | no data | no data |
14.2yrs
Average Tenure
Experienced Management: J85's management team is seasoned and experienced (14.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director of M&C REIT Management Limited and M&C Business Trust Management Ltd | 14.67yrs | S$50.00k | 0.011% SGD 172.5k | |
| Lead Independent Director of M&C REIT Management Ltd and M&C Business Trust Management Ltd | 3.92yrs | S$135.00k | no data | |
| Independent Non-Executive Director of M&C REIT Management Ltd and M&C Business Trust Management Ltd | 4.17yrs | S$90.00k | no data | |
| Non-Executive Independent Director of M&C REIT Management Ltd and M&C Business Trust Management Ltd | 7.42yrs | S$100.00k | no data | |
| Chairman of the Board of M&C REIT Management Limited and M&C Business Trust Management Ltd | 2.75yrs | S$80.00k | no data | |
| Independent Non-Executive Director of M&C REIT Management Ltd and M&C Business Trust Management Ltd | 3.58yrs | S$55.00k | no data |
4.0yrs
Average Tenure
57yo
Average Age
Experienced Board: J85's board of directors are considered experienced (4 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
CDL Hospitality Trusts's company bio, employee growth, exchange listings and data sources
Key Information
- Name: CDL Hospitality Trusts
- Ticker: J85
- Exchange: SGX
- Founded: 2006
- Industry: Hotel and Resort REITs
- Sector: Real Estate
- Market Cap: S$1.531b
- Shares outstanding: 1.22b
- Website: https://www.cdlht.com
Number of Employees
Location
- CDL Hospitality Trusts
- 390 Havelock Road
- No. 02-05 King's Centre
- Singapore
- 169662
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| J85 | SGX (Singapore Exchange) | Yes | Stapled Securities | SG | SGD | Jul 2006 |
| CDHS.F | OTCPK (Pink Sheets LLC) | Yes | Stapled Securities | US | USD | Jul 2006 |
Biography
CDL Hospitality Trusts (“CDLHT”) is one of Asia’s leading hospitality trusts with assets under management of about S$2.9 billion as at 31 December 2020. CDLHT is a stapled group comprising CDL Hospitality ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/04 11:09 |
| End of Day Share Price | 2021/03/04 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.