SET:LRH

Stock Analysis Report

Laguna Resorts & Hotels

Executive Summary

Laguna Resorts & Hotels Public Company Limited, together with its subsidiaries, engages in the hotel and property development businesses.


Snowflake Analysis

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

How has Laguna Resorts & Hotels's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LRH's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.9%

LRH

-2.8%

TH Hospitality

-2.6%

TH Market


1 Year Return

-32.3%

LRH

-19.9%

TH Hospitality

-10.2%

TH Market

Return vs Industry: LRH underperformed the TH Hospitality industry which returned -18.9% over the past year.

Return vs Market: LRH underperformed the TH Market which returned -9.2% over the past year.


Shareholder returns

LRHIndustryMarket
7 Day-1.9%-2.8%-2.6%
30 Day-1.9%-5.0%-5.6%
90 Day-32.6%-12.4%-6.9%
1 Year-18.1%-32.3%-18.1%-19.9%-7.1%-10.2%
3 Year73.1%40.4%-8.6%-13.3%-0.3%-9.3%
5 Year59.7%26.4%-5.6%-12.7%0.5%-14.0%

Price Volatility Vs. Market

How volatile is Laguna Resorts & Hotels's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Laguna Resorts & Hotels undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LRH (฿38.25) is trading below our estimate of fair value (฿84.52)

Significantly Below Fair Value: LRH is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: LRH is unprofitable, so we can't compare its PE Ratio to the Hospitality industry average.

PE vs Market: LRH is unprofitable, so we can't compare its PE Ratio to the TH market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LRH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LRH is good value based on its PB Ratio (0.5x) compared to the TH Hospitality industry average (2x).


Next Steps

Future Growth

How is Laguna Resorts & Hotels forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.0%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Laguna Resorts & Hotels has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Laguna Resorts & Hotels performed over the past 5 years?

-8.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LRH is currently unprofitable.

Growing Profit Margin: LRH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LRH is unprofitable, and losses have increased over the past 5 years at a rate of -8.1% per year.

Accelerating Growth: Unable to compare LRH's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: LRH is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-13.2%).


Return on Equity

High ROE: LRH has a negative Return on Equity (-0.34%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Laguna Resorts & Hotels's financial position?


Financial Position Analysis

Short Term Liabilities: LRH's short term assets (฿6.5B) exceed its short term liabilities (฿4.8B).

Long Term Liabilities: LRH's short term assets (฿6.5B) exceed its long term liabilities (฿5.0B).


Debt to Equity History and Analysis

Debt Level: LRH's debt to equity ratio (35.8%) is considered satisfactory.

Reducing Debt: LRH's debt to equity ratio has increased from 28.2% to 35.8% over the past 5 years.


Balance Sheet

Inventory Level: LRH has a high level of physical assets or inventory.

Debt Coverage by Assets: LRH's debt is covered by short term assets (assets are 1.4x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: LRH has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: LRH has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is Laguna Resorts & Hotels's current dividend yield, its reliability and sustainability?

23.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LRH's dividend (23.53%) is higher than the bottom 25% of dividend payers in the TH market (2.59%).

High Dividend: LRH's dividend (23.53%) is in the top 25% of dividend payers in the TH market (6.79%)


Stability and Growth of Payments

Stable Dividend: LRH's dividend payments have been volatile in the past 10 years.

Growing Dividend: LRH's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: LRH is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.0yrs

Average management tenure


CEO

KwonPing Ho (66yo)

฿1,536,000

Compensation

Mr. Kwon Ping Ho serves as the Chief Executive Officer at Laguna Resorts & Hotels Public Company Limited. Mr. Ho is the Founder of Banyan Tree Al Wadi and has been its Executive Chairman since April 2009.  ...


Leadership Team

NamePositionTenureCompensationOwnership
KwonPing Ho
Chairman of the Board & CEO0yrs฿1.54mno data
Shankar Chandran
MD, Senior VP & Director7.3yrs฿672.00kno data
Chiet Kuan
CFO & VP of Finance & Administration6.1yrsno datano data
Areewan Sriwichupong
Chief Accountant and Assistant VP of Finance0yrsno datano data
Kontee Worrapitayut
Senior Manager of Legal0yrsno datano data
Piploy Pluemarom
Assistant Vice President of Group Human Resources0yrsno datano data
Sai Cheng
Head of Group Internal Audit & Assistant VP of Group Internal Audit3.6yrsno datano data
Nanchalee Kecharananta
Company Secretary & Assistant VP of Corporate Affairs7.7yrsno datano data

6.0yrs

Average Tenure

52yo

Average Age

Experienced Management: LRH's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
KwonPing Ho
Chairman of the Board & CEO0yrs฿1.54mno data
Shankar Chandran
MD, Senior VP & Director7.3yrs฿672.00kno data
Vudhiphol Suriyabhivadh
Independent Director16.8yrs฿1.52mno data
Jingjai Hanchanlash
Independent Director18.8yrs฿1.44mno data
KwonCjan Ho
Director25yrs฿672.00kno data
Ariel Vera
Non-Executive Director22.8yrs฿1.03mno data
Surapon Supratya
Independent Director23.9yrs฿1.09mno data
Hock Lye See
Director7.3yrs฿672.00kno data
Stuart Reading
Director13.5yrs฿672.00kno data
Ren Ho
Director8.3yrs฿672.00kno data

16.8yrs

Average Tenure

64yo

Average Age

Experienced Board: LRH's board of directors are seasoned and experienced ( 16.8 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

Laguna Resorts & Hotels Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Laguna Resorts & Hotels Public Company Limited
  • Ticker: LRH
  • Exchange: SET
  • Founded: 1983
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: ฿6.376b
  • Shares outstanding: 166.68m
  • Website: https://www.lagunaresorts.com

Location

  • Laguna Resorts & Hotels Public Company Limited
  • Thai Wah Tower I
  • 7th, 22nd, and 24th Floors
  • Bangkok
  • 10120
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LRHSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBFeb 1994
LRH-RSET (The Stock Exchange of Thailand)NO VTG DEP RCPT REP 1 ORD THB10THTHBAug 2001

Biography

Laguna Resorts & Hotels Public Company Limited, together with its subsidiaries, engages in the hotel and property development businesses. The company operates through Hotel Business, Property Development, and Office Rental segments. It operates four hotels in Laguna Phuket, including Angsana Laguna Phuket, Banyan Tree Phuket, Angsana Villas Resort Phuket, and Cassia Phuket; the Banyan Tree Bangkok hotel in Bangkok; and a golf club, as well as sells merchandise. The company also develops and sells properties; sells holiday club memberships; and leases land, buildings, offices, and shops. In addition, it is involved in the travel operations. The company was founded in 1983 and is headquartered in Bangkok, Thailand. Laguna Resorts & Hotels Public Company Limited is a subsidiary of Banyan Tree Holdings Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 14:57
End of Day Share Price2020/02/19 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.