S Hotels and Resorts Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Michael Marshall

Chief executive officer

฿100.0k

Total compensation

CEO salary percentage	n/a
CEO tenure	1.1yrs
CEO ownership	n/a
Management average tenure	1.4yrs
Board average tenure	6.1yrs

Recent management updates

Recent updates

CEO

Michael Marshall (61 yo)

1.1yrs

Tenure

฿100,000

Compensation

Mr. Michael David Marshall is Chief Executive Officer and Director of S Hotels and Resorts Public Company Limited from November 16, 2023. He serves as Member of Executive Committee at Singha Estate Public...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Marshall	CEO & Director	1.1yrs	฿100.00k	no data
Issarin Patramai	CFO & Company Secretary	1.4yrs	no data	no data
Stefano Ruzza	Senior Vice President of Operations	4.5yrs	no data	no data
Supapun Sthianrapapong	Vice President of Accounting	1.8yrs	no data	no data
Ekachai Keeratikrittin	Vice President of Corporate Finance	1.2yrs	no data	no data
Korkiat Makpirom	Investor Relations Manager	no data	no data	no data
Patteera Maneesri	Vice President of Human Resources	2.8yrs	no data	no data
Saratool Sakarin	Head of Internal Audit & Assistant Vice President of Internal Audit	1.3yrs	no data	no data

1.4yrs

Average Tenure

48yo

Average Age

Experienced Management: SHR's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Marshall	CEO & Director	1.1yrs	฿100.00k	no data
Apisak Tantivorawong	Independent Chairman of the Board	3.2yrs	฿1.60m	no data
Parinya Patanaphakdee	Independent Director	3.8yrs	฿1.06m	no data
Naris Cheyklin	Non-Executive Director	9.1yrs	฿800.00k	no data
Thitima Rungkwansiriroj	Non-Executive Director	6.5yrs	฿1.32m	no data
Praisun Wongsmith	Independent Director	6.1yrs	฿1.26m	no data
Sompong Tantapart	Independent Director	6.1yrs	฿1.34m	no data
Jukr Boon-Long	Independent Director	6.1yrs	฿1.28m	no data
Boriwat Pinpradab	Non-Executive Director	less than a year	no data	no data

6.1yrs

Average Tenure

64yo

Average Age

Experienced Board: SHR's board of directors are considered experienced (6.1 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/27 02:24
End of Day Share Price	2024/12/27 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

S Hotels and Resorts Public Company Limited is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kasem Prunratanamala	CGS International
Graham Price	CGS International
Thaniya Kevalee	Credit Suisse

S Hotels and Resorts Management

Management criteria checks 2/4

Key information

Recent management updates

Insufficient new directors

S Hotels and Resorts Public Company Limited Announces Board Changes

S Hotels and Resorts Public Company Limited, Annual General Meeting, Apr 25, 2024

S Hotels and Resorts Public Company Limited Announces Board Changes

S Hotels and Resorts Public Company Limited Announces Chief Executive Officer Changes, Effective 16 November 2023

S Hotels and Resorts Public Company Limited Announces Chief Executive Officer Changes, Effective 16 November 2023

Recent updates

Consensus EPS estimates fall by 27%

Insufficient new directors

Price target increased by 8.7% to ฿3.13

S Hotels and Resorts Public Company Limited Announces Board Changes

Consensus EPS estimates fall by 21%

Price target decreased by 10% to ฿3.13

Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations

Consensus EPS estimates fall by 11%

Consensus EPS estimates increase by 11%

New minor risk - Profit margin trend

First quarter 2024 earnings released: EPS: ฿0.031 (vs ฿0.035 in 1Q 2023)

S Hotels and Resorts Public Company Limited Approves Dividend for the Year 2023, Payable on May 10, 2024

Consensus EPS estimates increase by 10%

Price target increased by 8.1% to ฿3.57

Consensus EPS estimates fall by 20%, revenue upgraded

New minor risk - Earnings quality

S Hotels and Resorts Public Company Limited, Annual General Meeting, Apr 25, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates fall by 19%

Price target decreased by 8.3% to ฿3.30

Price target decreased by 8.8% to ฿3.43

S Hotels and Resorts Public Company Limited Announces Board Changes

Third quarter 2023 earnings released: EPS: ฿0.004 (vs ฿0.06 in 3Q 2022)

S Hotels and Resorts Public Company Limited Announces Chief Executive Officer Changes, Effective 16 November 2023

S Hotels and Resorts Public Company Limited Announces Chief Executive Officer Changes, Effective 16 November 2023

Consensus EPS estimates fall by 32%

Consensus EPS estimates increase by 11%

Consensus EPS estimates fall by 15%

Now 21% undervalued after recent price drop

S Hotels and Resorts Public Company Limited Approves Appointment of Issarin Patramai as Company Secretary

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

S Hotels and Resorts Public Company Limited Announces Changing of CFO

Now 20% undervalued after recent price drop

Price target decreased by 8.5% to ฿3.97

Consensus EPS estimates fall by 22%

Consensus EPS estimates fall by 12%

Now 21% undervalued after recent price drop

Price target decreased by 21% to ฿4.33

First quarter 2023 earnings: EPS misses analyst expectations

Now 26% undervalued after recent price drop

Price target increased by 9.3% to ฿5.87

Price target increased to ฿5.37

Third quarter 2022 earnings: EPS exceeds analyst expectations

Second quarter 2022 earnings released: ฿0.027 loss per share (vs ฿0.16 loss in 2Q 2021)

S Hotels and Resorts PCL Ordinary Shares Deleted from Other OTC

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

High number of new directors

Third quarter 2021 earnings released: ฿0.078 loss per share (vs ฿0.17 loss in 3Q 2020)

High number of new directors

Price target increased to ฿4.98

Second quarter 2021 earnings released: ฿0.16 loss per share (vs ฿0.23 loss in 2Q 2020)

Consensus EPS estimates fall to -฿0.38

Price target increased to ฿4.29

Acting CFO & Company Secretary Chairath Sivapornpan has left the company

Consensus EPS estimates fall to -฿0.30

Consensus revenue estimates fall to ฿4.12b

First quarter 2021 earnings released: ฿0.09 loss per share (vs ฿0.065 profit in 1Q 2020)

Analysts update estimates

Analysts update estimates

Analysts update estimates

New 90-day high: ฿3.12

S Hotels and Resorts Public Company Limited Appoints Parinya Patanaphakdee as an Independent Director

Independent Director has left the company

S Hotels and Resorts Public Company Limited, Annual General Meeting, Apr 22, 2021

Earnings beat expectations, revenue disappoints

Full year 2020 earnings released

New 90-day high: ฿2.90

New 90-day high: ฿2.14

S Hotels and Resorts Public Company Limited Announces to Cease the Employment Contract with Thiti Thongbenjamas