First Hotel
Market Cap
NT$6.9b
Last Updated
2021/03/04 08:43 UTC
Data Sources
Company Financials
Executive Summary
First Hotel Company Ltd. operates a hotel under the First Hotel name in Taiwan. More Details
Risk Analysis
Snowflake Analysis
Flawless balance sheet second-rate dividend payer.
Share Price & News
How has First Hotel's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2706 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 2706's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
-1.8%
2706
1.6%
TW Hospitality
-0.1%
TW Market
1 Year Return
-6.4%
2706
20.0%
TW Hospitality
41.5%
TW Market
Return vs Industry: 2706 underperformed the TW Hospitality industry which returned 20% over the past year.
Return vs Market: 2706 underperformed the TW Market which returned 41.5% over the past year.
Shareholder returns
| 2706 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | 1.6% | -0.1% |
| 30 Day | 3.0% | 14.6% | 5.6% |
| 90 Day | -0.4% | 3.6% | 15.0% |
| 1 Year | -3.3%-6.4% | 23.5%20.0% | 46.5%41.5% |
| 3 Year | 0.006%-7.9% | -3.7%-12.6% | 67.1%48.2% |
| 5 Year | -3.5%-13.0% | 8.3%-7.2% | 123.0%83.7% |
Long-Term Price Volatility Vs. Market
How volatile is First Hotel's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
How Well Is First Hotel (TPE:2706) Allocating Its Capital?1 month ago | Simply Wall St
Factors Income Investors Should Consider Before Adding First Hotel Company Ltd. (TPE:2706) To Their Portfolio2 months ago | Simply Wall St
If You Had Bought First Hotel's (TPE:2706) Shares Five Years Ago You Would Be Down 12%Valuation
Is First Hotel undervalued compared to its fair value and its price relative to the market?
41.74x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 2706 (NT$13.85) is trading above our estimate of fair value (NT$4.03)
Significantly Below Fair Value: 2706 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 2706 is poor value based on its PE Ratio (41.7x) compared to the TW Hospitality industry average (35.1x).
PE vs Market: 2706 is poor value based on its PE Ratio (41.7x) compared to the TW market (19.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2706's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2706 is good value based on its PB Ratio (0.8x) compared to the TW Hospitality industry average (2.4x).
Next Steps
Future Growth
How is First Hotel forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
73.8%
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 First Hotel 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
- Examine First Hotel's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Consumer Services industry.
Past Performance
How has First Hotel performed over the past 5 years?
-3.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2706 has high quality earnings.
Growing Profit Margin: 2706's current net profit margins (58.9%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: 2706's earnings have declined by 3.6% per year over the past 5 years.
Accelerating Growth: 2706's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2706 had negative earnings growth (-70.8%) over the past year, making it difficult to compare to the Hospitality industry average (-28.3%).
Return on Equity
High ROE: 2706's Return on Equity (1.9%) is considered low.
Next Steps
Financial Health
How is First Hotel's financial position?
Financial Position Analysis
Short Term Liabilities: 2706's short term assets (NT$2.7B) exceed its short term liabilities (NT$354.7M).
Long Term Liabilities: 2706's short term assets (NT$2.7B) exceed its long term liabilities (NT$1.3B).
Debt to Equity History and Analysis
Debt Level: 2706 is debt free.
Reducing Debt: 2706 has not had any debt for past 5 years.
Debt Coverage: 2706 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 2706 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is First Hotel current dividend yield, its reliability and sustainability?
3.25%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2706's dividend (3.25%) is higher than the bottom 25% of dividend payers in the TW market (1.98%).
High Dividend: 2706's dividend (3.25%) is low compared to the top 25% of dividend payers in the TW market (4.97%).
Stability and Growth of Payments
Stable Dividend: 2706's dividends per share have been stable in the past 10 years.
Growing Dividend: 2706's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (135.6%), 2706's dividend payments are not well covered by earnings.
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?
CEO
First Hotel has no CEO, or we have no data on them.
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
First Hotel Company Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: First Hotel Company Ltd.
- Ticker: 2706
- Exchange: TSEC
- Founded: NaN
- Industry: Hotels, Resorts and Cruise Lines
- Sector: Consumer Services
- Market Cap: NT$6.925b
- Shares outstanding: 500.00m
- Website: https://www.firsthoteltaipei.com
Number of Employees
Location
- First Hotel Company Ltd.
- 63 Nanking East Road
- Section 2
- Taipei
- Taiwan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2706 | TSEC (Taiwan Stock Exchange) | Yes | Common Stock | TW | TWD | Jan 1992 |
Biography
First Hotel Company Ltd. operates a hotel under the First Hotel name in Taiwan. The company’s hotel consists of executive, business, ADA, and meeting rooms, as well as suites, fitness center, gift shops, a...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/04 08:43 |
| End of Day Share Price | 2021/03/04 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.