Far East Hospitality Trust
Market Cap
S$1.4b
Last Updated
2019/12/09 12:51 UTC
Data Sources
Company Financials +
Executive Summary
Far East H-Trust is a Singapore-Focused Hotel and Serviced Residence Hospitality Trust listed on the Main Board of The Singapore Exchange Securities Trading Limited (“SGX-ST”).
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer and fair value.
Share Price & News
How has Far East Hospitality Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: Q5T has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.4%
Q5T
0.5%
SG REITs
-0.1%
SG Market
1 Year Return
20.7%
Q5T
17.9%
SG REITs
3.3%
SG Market
Return vs Industry: Q5T exceeded the SG REITs industry which returned 17.9% over the past year.
Return vs Market: Q5T exceeded the SG Market which returned 3.3% over the past year.
Shareholder returns
| Q5T | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.4% | 0.5% | -0.1% |
| 30 Day | 2.8% | 2.1% | -1.5% |
| 90 Day | 7.4% | 0.3% | 1.3% |
| 1 Year | 27.7%20.7% | 25.2%17.9% | 7.5%3.3% |
| 3 Year | 48.1%23.7% | 49.9%23.6% | 16.2%3.7% |
| 5 Year | 22.7%-10.4% | 60.0%15.4% | 13.3%-5.8% |
Price Volatility Vs. Market
How volatile is Far East Hospitality Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Is Far East Hospitality Trust's (SGX:Q5T) ROE Of 4.8% Concerning?1 month ago | Simply Wall St
Interested In Far East Hospitality Trust (SGX:Q5T)’s Upcoming 1.4% Dividend? You Have 3 Days Left1 month ago | Simply Wall St
The Far East Hospitality Trust (SGX:Q5T) Share Price Is Up 16% And Shareholders Are Holding OnValuation
Is Far East Hospitality Trust undervalued compared to its fair value and its price relative to the market?
22.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: Q5T (SGD0.73) is trading below our estimate of fair value (SGD0.94)
Significantly Below Fair Value: Q5T is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: Q5T is poor value based on its PE Ratio (17.4x) compared to the REITs industry average (14.6x).
PE vs Market: Q5T is poor value based on its PE Ratio (17.4x) compared to the SG market (13.2x).
Price to Earnings Growth Ratio
PEG Ratio: Q5T is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: Q5T is good value based on its PB Ratio (0.8x) compared to the SG REITs industry average (1x).
Next Steps
Future Growth
How is Far East Hospitality Trust forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
11.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Q5T's forecast earnings growth (11.6% per year) is above the savings rate (1.8%).
Earnings vs Market: Q5T's earnings (11.6% per year) are forecast to grow faster than the SG market (6.4% per year).
High Growth Earnings: Q5T's earnings are forecast to grow, but not significantly.
Revenue vs Market: Q5T's revenue (3.1% per year) is forecast to grow slower than the SG market (5.5% per year).
High Growth Revenue: Q5T's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Q5T's Return on Equity is forecast to be low in 3 years time (4.2%).
Next Steps
Past Performance
How has Far East Hospitality Trust performed over the past 5 years?
-4.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: Q5T has a large one-off gain of SGD30.2M impacting its September 30 2019 financial results.
Growing Profit Margin: Q5T's current net profit margins (72.6%) are higher than last year (21.9%).
Past Earnings Growth Analysis
Earnings Trend: Q5T's earnings have declined by -4.8% per year over the past 5 years.
Accelerating Growth: Q5T's earnings growth over the past year (229%) exceeds its 5-year average (-4.8% per year).
Earnings vs Industry: Q5T earnings growth over the past year (229%) exceeded the REITs industry 4.6%.
Return on Equity
High ROE: Q5T's Return on Equity (4.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Far East Hospitality Trust'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: Q5T has a high level of physical assets or inventory.
Debt Coverage by Assets: Q5T's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: Q5T's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if Q5T has a sufficient allowance for bad loans.
Low Risk Liabilities: Q5T reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if Q5T has an acceptable proportion of non-loan assets held.
Low Risk Deposits: Q5T has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if Q5T has an appropriate level of bad loans.
Next Steps
Dividend
What is Far East Hospitality Trust's current dividend yield, its reliability and sustainability?
5.48%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Q5T's dividend (5.48%) is higher than the bottom 25% of dividend payers in the SG market (2.52%).
High Dividend: Q5T's dividend (5.48%) is in the top 25% of dividend payers in the SG market (5.44%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, Q5T has been paying a dividend for less than 10 years.
Growing Dividend: Q5T's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.5%), Q5T's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Q5T's dividends in 3 years are forecast to be thoroughly covered by earnings (0.06% payout ratio).
Next Steps
Management
What is the CEO of Far East Hospitality Trust's salary, the management and board of directors tenure and is there insider trading?
4.1yrs
Average board tenure
CEO
Gerald Lee (53yo)
0yrs
Tenure
S$614,203
Compensation
Mr. Hwee Keong Lee, also known as Gerald, serves as the Chief Executive Officer of FEO Hospitality Asset Management Pte Ltd., REII Manager of Far East Hospitality Trust. Mr. Lee serves as the Chief Executi ...
CEO Compensation Analysis
Compensation vs Market: Gerald's total compensation ($USD451.34K) is about average for companies of similar size in the SG market ($USD438.73K).
Compensation vs Earnings: Gerald's compensation has been consistent with company performance over the past year.
Board Age and Tenure
4.1yrs
Average Tenure
66yo
Average Age
Experienced Board: Q5T's board of directors are considered experienced (4.1 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 5,000,000 |
| Max Price | S$0.67 |
| Entity | Company |
| Shares | 600,000 |
| Max Price | S$0.65 |
| Entity | Company |
| Shares | 600,000 |
| Max Price | S$0.60 |
| Entity | Company |
| Shares | 600,000 |
| Max Price | S$0.60 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Gerald Lee (53yo)
Chief Executive Officer of FEO Hospitality Asset Management Pte Ltd
- Tenure: 0yrs
- Compensation: S$614.20k
Regina Yap (46yo)
Chief Financial Officer of FEO Hospitality Asset Management Pte Ltd
- Tenure: 2.5yrs
Moi Lin
Joint Company Secretary of FEO Hospitality Asset Management Pte Ltd
- Tenure: 0yrs
Mei Low
Joint Company Secretary of FEO Hospitality Asset Management Pte Ltd
- Tenure: 0yrs
Irfan Tayabali
Vice President of Asset Management & Investment for FEO Hospitality Asset Management Pte Ltd
- Tenure: 0yrs
Board Members
Cheng Huang (71yo)
Independent Director of FEO Hospitality Asset Management Pte Ltd
- Tenure: 7.4yrs
- Compensation: S$100.00k
Kheng Wee (64yo)
Non-Independent & Non-Executive Chairman of FEO Hospitality Asset Management Pte Ltd
- Tenure: 1.4yrs
- Compensation: S$107.50k
Willie Cheng (65yo)
Lead Independent Director of FEO Hospitality Asset Management Pte Ltd
- Tenure: 6.8yrs
- Compensation: S$112.50k
Kyle Lee (67yo)
Independent Director of FEO Hospitality Asset Management Pte Ltd
- Tenure: 7.4yrs
- Compensation: S$105.00k
Vivienne Lim
Independent Director of FEO Hospitality Asset Management Pte Ltd
- Tenure: 1.4yrs
- Compensation: S$27.50k
Catherine Lee
Independent Director of FEO Hospitality Asset Management Pte Ltd
- Tenure: 0.4yrs
Company Information
Far East Hospitality Trust's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Far East Hospitality Trust
- Ticker: Q5T
- Exchange: SGX
- Founded: 2012
- Industry: Hotel and Resort REITs
- Sector: Real Estate
- Market Cap: S$1.423b
- Shares outstanding: 1.92b
- Website: https://www.fareasthospitalitytrust.com
Number of Employees
Location
- Far East Hospitality Trust
- 1 Tanglin Road
- No. 05-01 Orchard Rendezvous Hotel
- Singapore
- 247905
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| Q5T | SGX (Singapore Exchange) | Yes | Stapled Securities | SG | SGD | Aug 2012 |
Biography
Far East H-Trust is a Singapore-Focused Hotel and Serviced Residence Hospitality Trust listed on the Main Board of The Singapore Exchange Securities Trading Limited (“SGX-ST”). Comprising Far East Hospital ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/09 12:51 |
| End of Day Share Price | 2019/12/09 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.