OTCPK:MMHT.F

Stock Analysis Report

Miramar Hotel and Investment Company

Executive Summary

Miramar Hotel and Investment Company, Limited, an investment holding company, engages in property rental, hotels and serviced apartments, food and beverage, and travel businesses in Hong Kong and Mainland China.

Snowflake

Fundamentals

Flawless balance sheet, undervalued and pays a dividend.


Similar Companies

Share Price & News

How has Miramar Hotel and Investment Company's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

MMHT.F

0.5%

US Hospitality

0.07%

US Market


1 Year Return

n/a

MMHT.F

8.5%

US Hospitality

8.9%

US Market

Return vs Industry: Insufficient data to determine how MMHT.F performed against the US Hospitality industry.

Return vs Market: Insufficient data to determine how MMHT.F performed against the US Market.


Shareholder returns

MMHT.FIndustryMarket
7 Day0%0.5%0.07%
30 Day0%-2.6%-0.3%
90 Day0%-5.9%-1.6%
1 Yearn/a11.2%8.5%11.3%8.9%
3 Yearn/a43.6%34.1%46.3%36.8%
5 Yearn/a39.5%24.2%62.1%44.3%

Price Volatility Vs. Market

How volatile is Miramar Hotel and Investment Company's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Miramar Hotel and Investment Company undervalued compared to its fair value and its price relative to the market?

40.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MMHT.F ($2.17) is trading below our estimate of fair value ($3.65)

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


Price To Earnings Ratio

PE vs Industry: MMHT.F is good value based on its PE Ratio (6.6x) compared to the Hospitality industry average (22x).

PE vs Market: MMHT.F is good value based on its PE Ratio (6.6x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MMHT.F is good value based on its PB Ratio (0.5x) compared to the US Hospitality industry average (2.3x).


Next Steps

Future Growth

How is Miramar Hotel and Investment Company forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MMHT.F's forecast earnings growth (16.2% per year) is above the savings rate (2.7%).

Earnings vs Market: MMHT.F's earnings (16.2% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: MMHT.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if MMHT.F's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if MMHT.F's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MMHT.F's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Miramar Hotel and Investment Company performed over the past 5 years?

4.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MMHT.F's earnings have grown by 4.7% per year over the past 5 years.

Accelerating Growth: MMHT.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MMHT.F had negative earnings growth (-3.6%) over the past year, making it difficult to compare to the Hospitality industry average (-14.8%).


Return on Equity

High ROE: MMHT.F's Return on Equity (8%) is considered low.


Return on Assets

ROA vs Industry: MMHT.F has a higher Return on Assets than the Hospitality industry average last year.


Return on Capital Employed

ROCE Improving: MMHT.F has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Miramar Hotel and Investment Company's financial position?


Financial Position Analysis

Short Term Liabilities: MMHT.F's short term assets (HK$5.7B) exceeds its short term liabilities (HK$1.1B)

Long Term Liabilities: MMHT.F's short term assets (5.7B) exceeds its long term liabilities (574.8M)


Debt to Equity History and Analysis

Debt Level: MMHT.F's debt to equity ratio (0.1%) is considered satisfactory

Reducing Debt: MMHT.F's debt to equity ratio has reduced from 19.5% to 0.1% over the past 5 years.

Debt Coverage: MMHT.F's debt is well covered by operating cash flow (3667.5%).

Interest Coverage: MMHT.F's interest payments on its debt are well covered by EBIT (443.5x coverage).


Balance Sheet

Inventory Level: MMHT.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: MMHT.F's debt is covered by short term assets (assets are 205.173610x debt).


Next Steps

Dividend

What is Miramar Hotel and Investment Company's current dividend yield, its reliability and sustainability?

4.16%

Current Dividend Yield


Dividend Yield vs Market

company4.2%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MMHT.F's dividend (4.16%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: MMHT.F's dividend (4.16%) is in the top 25% of dividend payers in the US market (3.68%)

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.4%), MMHT.F's dividend payments are 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

What is the CEO of Miramar Hotel and Investment Company's salary, the management and board of directors tenure and is there insider trading?

3.2yrs

Average management tenure


CEO

Martin Lee (47yo)

13.1yrs

Tenure

0

Mr. Ka-Shing Lee, also known as Martin, has been a Joint Chairmen of The Hong Kong and China Gas Company Limited since May 28, 2019. He has been Chairman and Managing Director of Henderson Land Developmen ...


Management Age and Tenure

3.2yrs

Average Tenure

58.5yo

Average Age

Experienced Management: MMHT.F's management team is considered experienced (3.2 years average tenure).


Board Age and Tenure

22.7yrs

Average Tenure

67.5yo

Average Age

Experienced Board: MMHT.F's board of directors are seasoned and experienced ( 22.7 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

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Ownership Breakdown


Management Team

  • Martin Lee (47yo)

    Chairman & CEO

    • Tenure: 13.1yrs
  • Richard Tang (66yo)

    Executive Director

    • Tenure: 33.7yrs
  • Norman Ho (64yo)

    Executive Director

    • Tenure: 21.7yrs
    • Compensation: HK$50.00k
  • Colin Lam (67yo)

    Executive Director

    • Tenure: 26.7yrs
  • Eddie Lau (72yo)

    Executive Director

    • Tenure: 23.7yrs
  • Alexis Wong (61yo)

    Deputy Chief Executive Officer

    • Tenure: 3.3yrs
  • Clement Wu (50yo)

    Head of Asset Management

    • Tenure: 6.8yrs
  • Dickson Lai (46yo)

    Director of Group Finance & Joint Company Secretary

    • Tenure: 3yrs
  • Liza Leung (56yo)

    Acting Director of Group Human Resources & Administration

    • Tenure: 3.1yrs
  • Jess Chan (47yo)

    Director of Group Marketing & Corporate Communications

    • Tenure: 2yrs

Board Members

  • Martin Lee (47yo)

    Chairman & CEO

    • Tenure: 13.1yrs
  • David Sin (90yo)

    Vice Chairman

    • Tenure: 34.7yrs
  • Richard Tang (66yo)

    Executive Director

    • Tenure: 33.7yrs
  • Timpson Chung (68yo)

    Independent Non-Executive Director

    • Tenure: 13.6yrs
  • Norman Ho (64yo)

    Executive Director

    • Tenure: 21.7yrs
    • Compensation: HK$50.00k
  • Colin Lam (67yo)

    Executive Director

    • Tenure: 26.7yrs
  • Dominic Cheng (69yo)

    Non-Executive Director

    • Tenure: 34.7yrs
  • Howard Yeung (62yo)

    Independent Non-Executive Director

    • Tenure: 19.7yrs
    • Compensation: HK$50.00k
  • Eddie Lau (72yo)

    Executive Director

    • Tenure: 23.7yrs
  • Thomas Liang (71yo)

    Independent Non-Executive Director

    • Tenure: 15.7yrs
    • Compensation: HK$50.00k

Company Information

Miramar Hotel and Investment Company, Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Miramar Hotel and Investment Company, Limited
  • Ticker: MMHT.F
  • Exchange: OTCPK
  • Founded: 1948
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: HK$10.129b
  • Listing Market Cap: HK$1.292b
  • Shares outstanding: 690.96m
  • Website: https://www.miramar-group.com

Number of Employees


Location

  • Miramar Hotel and Investment Company, Limited
  • Mira Place Tower A
  • 15th Floor
  • Tsim Sha Tsui
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MMHT.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
71SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

Miramar Hotel and Investment Company, Limited, an investment holding company, engages in property rental, hotels and serviced apartments, food and beverage, and travel businesses in Hong Kong and Mainland  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/01 00:04
End of Day Share Price2019/07/03 00:00
Earnings2019/06/30
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.