CDL Hospitality Trusts
Market Cap
S$1.9b
Last Updated
2019/11/17 12:45 UTC
Data Sources
Company Financials +
Executive Summary
CDL Hospitality Trusts (“CDLHT”) is one of Asia’s leading hospitality trusts with assets valued at S$2.8 billion.
Snowflake
Fundamentals
Average dividend payer with limited growth.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
J85
0.2%
SG REITs
-0.6%
SG Market
1 Year Return
7.4%
J85
16.9%
SG REITs
3.9%
SG Market
Return vs Industry: J85 underperformed the SG REITs industry which returned 16.9% over the past year.
Return vs Market: J85 exceeded the SG Market which returned 3.9% over the past year.
Shareholder returns
| J85 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 0.2% | -0.6% |
| 30 Day | -1.8% | -3.0% | 3.1% |
| 90 Day | 0% | 0.5% | 3.0% |
| 1 Year | 13.5%7.4% | 24.2%16.9% | 8.0%3.9% |
| 3 Year | 50.4%21.2% | 48.2%22.2% | 19.9%7.1% |
| 5 Year | 34.1%-5.6% | 55.8%12.1% | 11.6%-7.0% |
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
2 weeks ago | Simply Wall St
Earnings Miss: CDL Hospitality Trusts Missed EPS By 34% And Analysts Are Revising Their Forecasts2 weeks ago | Simply Wall St
Should You Be Concerned About CDL Hospitality Trusts's (SGX:J85) ROE?1 month ago | Simply Wall St
What Kind Of Shareholders Own CDL Hospitality Trusts (SGX:J85)?Valuation
Is CDL Hospitality Trusts undervalued compared to its fair value and its price relative to the market?
13.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: J85 (SGD1.6) is trading below our estimate of fair value (SGD1.84)
Significantly Below Fair Value: J85 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: J85 is poor value based on its PE Ratio (21.7x) compared to the REITs industry average (14.1x).
PE vs Market: J85 is poor value based on its PE Ratio (21.7x) compared to the SG market (13.2x).
Price to Earnings Growth Ratio
PEG Ratio: J85 is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: J85 is overvalued based on its PB Ratio (1.1x) compared to the SG REITs industry average (1x).
Next Steps
Future Growth
How is CDL Hospitality Trusts forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
11.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: J85's forecast earnings growth (11.2% per year) is above the savings rate (2.3%).
Earnings vs Market: J85's earnings (11.2% per year) are forecast to grow faster than the SG market (5.5% per year).
High Growth Earnings: J85's earnings are forecast to grow, but not significantly.
Revenue vs Market: J85's revenue (5.3% per year) is forecast to grow slower than the SG market (5.4% per year).
High Growth Revenue: J85's revenue (5.3% 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 (5.7%).
Next Steps
Past Performance
How has CDL Hospitality Trusts performed over the past 5 years?
1.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: J85 has large one-off items impacting its financial results.
Growing Profit Margin: J85's current net profit margins (45.6%) are lower than last year (68.5%).
Past Earnings Growth Analysis
Earnings Trend: J85's earnings have grown by 1.8% per year over the past 5 years.
Accelerating Growth: J85's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: J85 had negative earnings growth (-36.5%) over the past year, making it difficult to compare to the REITs industry average (4.6%).
Return on Equity
High ROE: J85's Return on Equity (5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is CDL Hospitality Trusts's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: J85 has a high level of physical assets or inventory.
Debt Coverage by Assets: J85's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: J85's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if J85 has a sufficient allowance for bad loans.
Low Risk Liabilities: J85 reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if J85 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: J85 has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if J85 has an appropriate level of bad loans.
Next Steps
Dividend
What is CDL Hospitality Trusts's current dividend yield, its reliability and sustainability?
5.69%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: J85's dividend (5.69%) is higher than the bottom 25% of dividend payers in the SG market (2.5%).
High Dividend: J85's dividend (5.69%) is in the top 25% of dividend payers in the SG market (5.54%)
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: At its current payout ratio (91.1%), J85's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: J85's dividends in 3 years are forecast to be thoroughly covered by earnings (0.1% payout ratio).
Next Steps
Management
What is the CEO of CDL Hospitality Trusts's salary, the management and board of directors tenure and is there insider trading?
7.1yrs
Average management tenure
CEO
Vincent Yeo (50yo)
13.3yrs
Tenure
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 ...
Management Age and Tenure
7.1yrs
Average Tenure
Experienced Management: J85's management team is seasoned and experienced (7.1 years average tenure).
Board Age and Tenure
2.7yrs
Average Tenure
56yo
Average Age
Experienced Board: J85's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Insider Trading
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.
Management Team
Vincent Yeo (50yo)
CEO & Executive Director of M&C REIT Management Limited and M&C Business Trust Management Ltd
- Tenure: 13.3yrs
Enid Ling
Company Secretary of M&C Reit Management Limited and M&C Business Trust Management Limited
- Tenure: 0yrs
Annie Gan (55yo)
Chief Financial Officer of M&C REIT Management Ltd and M&C Business Trust Management Ltd
- Tenure: 12.8yrs
Mandy Koo
Head of Investments & Investor Relations of M&C REIT Mgmt Ltd and M&C Business Trust Mgmt Ltd
- Tenure: 0yrs
Lai Sun Soo
Company Secretary of M&C REIT Management Limited.
- Tenure: 0yrs
Elson Lock
Senior Manager of Finance - M&C REIT Management Limited and M&C Business Trust Management Limited
- Tenure: 1.4yrs
Zhipeng Xie
Compliance Manager - M&C REIT Management Limited and M&C Business Trust Management Limited
- Tenure: 1.4yrs
Board Members
Vincent Yeo (50yo)
CEO & Executive Director of M&C REIT Management Limited and M&C Business Trust Management Ltd
- Tenure: 13.3yrs
Bill Foo (60yo)
Lead Independent Director of M&C REIT Management Ltd and M&C Business Trust Management Ltd
- Tenure: 2.6yrs
Kenny Kim (52yo)
Independent Non-Executive Director of M&C REIT Management Ltd and M&C Business Trust Management Ltd
- Tenure: 2.8yrs
Ronald Seah (71yo)
Non-Executive Independent Director of M&C REIT Management Ltd and M&C Business Trust Management Ltd
- Tenure: 6.1yrs
Jean Wang
Director of DBS Trustee Limited
- Tenure: 0yrs
Eric Chan (66yo)
Chairman of the Board of M&C REIT Management Limited and M&C Business Trust Management Ltd
- Tenure: 1.4yrs
Sui Ling Cheah (48yo)
Independent Non-Executive Director of M&C REIT Management Ltd and M&C Business Trust Management Ltd
- Tenure: 2.3yrs
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$1.945b
- 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 valued at S$2.8 billion. CDLHT is a stapled group comprising CDL Hospitality Real Estate Investment Trust (“H-REIT”) ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/17 12:45 |
| End of Day Share Price | 2019/11/15 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.