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Minor International

OTCPK:MNRI.F
Snowflake Description

Moderate growth potential second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MNRI.F
OTCPK
฿182B
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

Minor International Public Company Limited, together with its subsidiaries, operates as a hospitality and leisure company in Thailand and internationally. The last earnings update was 31 days ago. More info.


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MNRI.F Share Price and Events
7 Day Returns
0%
OTCPK:MNRI.F
2.7%
US Hospitality
1.5%
US Market
1 Year Returns
-
OTCPK:MNRI.F
-10.7%
US Hospitality
1%
US Market
MNRI.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Minor International (MNRI.F) 0% 0% - - - -
US Hospitality 2.7% -1.1% 1.7% -10.7% 41.1% 20.1%
US Market 1.5% 1% 1.4% 1% 37.6% 38.1%
1 Year Return vs Industry and Market
  • No trading data on MNRI.F.
  • No trading data on MNRI.F.
Price Volatility
MNRI.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Minor International's competitors could be found in our database.

Value

 Is Minor International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Minor International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Minor International.

OTCPK:MNRI.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:MNRI.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.921 (1 + (1- 20%) (69.05%))
1.288
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.288 * 5.96%)
10.4%

Discounted Cash Flow Calculation for OTCPK:MNRI.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Minor International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:MNRI.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 10.4%)
2019 12,874.50 Analyst x4 11,661.21
2020 12,090.29 Analyst x7 9,918.90
2021 12,467.72 Analyst x6 9,264.61
2022 12,838.28 Est @ 2.97% 8,640.93
2023 13,210.52 Est @ 2.9% 8,053.54
2024 13,586.84 Est @ 2.85% 7,502.38
2025 13,969.04 Est @ 2.81% 6,986.51
2026 14,358.52 Est @ 2.79% 6,504.54
2027 14,756.35 Est @ 2.77% 6,054.80
2028 15,163.40 Est @ 2.76% 5,635.48
Present value of next 10 years cash flows ฿80,222.90
OTCPK:MNRI.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ฿15,163.40 × (1 + 2.73%) ÷ (10.4% – 2.73%)
฿202,976.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿202,976.76 ÷ (1 + 10.4%)10
฿75,436.29
OTCPK:MNRI.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿80,222.90 + ฿75,436.29
฿155,659.19
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿155,659.19 / 4,618.91
฿33.7
OTCPK:MNRI.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:MNRI.F represents 0.02835x of SET:MINT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02835x
Value per Share
(Listing Adjusted, USD)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 33.70 x 0.02835
$0.96
Value per share (USD) From above. $0.96
Current discount Discount to share price of $1.12
= -1 x ($1.12 - $0.96) / $0.96
-17.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Minor International is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Minor International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Minor International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MNRI.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in THB ฿0.86
SET:MINT Share Price ** SET (2019-05-10) in THB ฿39.5
United States of America Hospitality Industry PE Ratio Median Figure of 74 Publicly-Listed Hospitality Companies 23.14x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Minor International.

OTCPK:MNRI.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SET:MINT Share Price ÷ EPS (both in THB)

= 39.5 ÷ 0.86

45.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Minor International is overvalued based on earnings compared to the US Hospitality industry average.
  • Minor International is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Minor International's expected growth come at a high price?
Raw Data
OTCPK:MNRI.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 45.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
17.5%per year
United States of America Hospitality Industry PEG Ratio Median Figure of 55 Publicly-Listed Hospitality Companies 1.92x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

OTCPK:MNRI.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 45.8x ÷ 17.5%

2.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Minor International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Minor International's assets?
Raw Data
OTCPK:MNRI.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in THB ฿15.39
SET:MINT Share Price * SET (2019-05-10) in THB ฿39.5
United States of America Hospitality Industry PB Ratio Median Figure of 112 Publicly-Listed Hospitality Companies 2.19x
United States of America Market PB Ratio Median Figure of 5,242 Publicly-Listed Companies 1.8x
OTCPK:MNRI.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SET:MINT Share Price ÷ Book Value per Share (both in THB)

= 39.5 ÷ 15.39

2.57x

* Primary Listing of Minor International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Minor International is overvalued based on assets compared to the US Hospitality industry average.
X
Value checks
We assess Minor International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Minor International has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Minor International expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Minor International expected to grow at an attractive rate?
  • Minor International's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Minor International's earnings growth is expected to exceed the United States of America market average.
  • Minor International's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:MNRI.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:MNRI.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 17.5%
OTCPK:MNRI.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 7.4%
United States of America Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 16.5%
United States of America Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 7.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:MNRI.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:MNRI.F Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 134,261 20,616 8,895 9
2020-12-31 129,002 19,087 8,116 11
2019-12-31 120,740 19,167 6,787 10
OTCPK:MNRI.F Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-03-31 90,303 8,838 3,983
2018-12-31 77,408 7,360 5,445
2018-09-30 61,130 4,450 5,556
2018-06-30 59,548 5,203 5,679
2018-03-31 57,884 5,330 5,210
2017-12-31 56,953 6,585 5,415
2017-09-30 55,398 7,395 5,098
2017-06-30 55,077 7,975 4,945
2017-03-31 54,713 7,871 4,940
2016-12-31 53,254 6,494 6,590
2016-09-30 53,956 6,392 8,716
2016-06-30 50,261 5,266 8,649

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Minor International's earnings are expected to grow by 17.5% yearly, however this is not considered high growth (20% yearly).
  • Minor International's revenue is expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:MNRI.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Minor International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MNRI.F Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.88 2.20 1.44 10.00
2020-12-31 1.72 2.17 1.44 13.00
2019-12-31 1.44 1.52 1.29 10.00
OTCPK:MNRI.F Past Financials Data
Date (Data in THB Millions) EPS *
2019-03-31 0.86
2018-12-31 1.18
2018-09-30 1.21
2018-06-30 1.25
2018-03-31 1.16
2017-12-31 1.22
2017-09-30 1.16
2017-06-30 1.12
2017-03-31 1.12
2016-12-31 1.50
2016-09-30 1.98
2016-06-30 1.96

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Minor International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Minor International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Minor International has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Minor International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Minor International's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Minor International's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Minor International's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Minor International's 1-year earnings growth is negative, it can't be compared to the US Hospitality industry average.
Earnings and Revenue History
Minor International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Minor International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MNRI.F Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 90,303.13 3,983.32 41,054.50
2018-12-31 77,408.23 5,444.77 36,944.74
2018-09-30 61,130.45 5,555.57 29,432.89
2018-06-30 59,547.74 5,678.67 28,725.29
2018-03-31 57,883.52 5,210.17 28,410.08
2017-12-31 56,952.65 5,415.40 27,833.48
2017-09-30 55,398.40 5,097.53 27,081.48
2017-06-30 55,076.88 4,944.60 27,023.56
2017-03-31 54,712.81 4,939.66 26,589.60
2016-12-31 53,254.41 6,590.00 25,910.97
2016-09-30 53,956.46 8,715.69 25,029.78
2016-06-30 50,261.37 8,649.09 23,665.33
2016-03-31 47,151.28 8,458.13 22,243.56
2015-12-31 44,795.96 7,040.16 21,386.27
2015-09-30 41,099.94 5,239.79 20,248.28
2015-06-30 40,062.25 5,062.80 19,317.44
2015-03-31 39,452.63 5,138.60 18,807.84
2014-12-31 38,563.67 4,401.79 18,422.33
2014-09-30 37,770.05 4,339.44 17,998.88
2014-06-30 37,159.46 4,299.85 17,745.83
2014-03-31 36,189.76 4,112.33 17,299.54
2013-12-31 35,151.50 4,101.38 16,503.81
2013-09-30 34,379.92 3,705.03 16,067.99
2013-06-30 33,552.93 3,536.09 15,374.15
2013-03-31 32,982.66 3,455.03 14,804.41
2012-12-31 32,258.07 3,243.26 14,315.27
2012-09-30 30,798.87 2,555.05 14,113.95
2012-06-30 31,059.39 3,323.60 13,924.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Minor International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Minor International used its assets less efficiently than the US Hospitality industry average last year based on Return on Assets.
  • Minor International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Minor International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Minor International has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Minor International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Minor International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Minor International's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Minor International's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Minor International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Minor International Company Filings, last reported 2 months ago.

OTCPK:MNRI.F Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 81,946.30 125,977.05 13,723.70
2018-12-31 83,074.12 126,893.87 12,802.18
2018-09-30 63,497.56 77,851.08 4,587.02
2018-06-30 49,277.77 79,367.15 3,406.25
2018-03-31 50,700.51 47,921.82 5,613.74
2017-12-31 50,504.13 50,162.58 7,069.18
2017-09-30 41,675.31 54,018.25 4,304.62
2017-06-30 40,421.75 53,545.49 3,531.55
2017-03-31 42,158.88 51,006.55 5,113.30
2016-12-31 40,796.83 49,831.54 4,468.74
2016-09-30 38,850.34 49,695.12 3,975.83
2016-06-30 37,772.99 48,868.65 2,839.70
2016-03-31 38,895.18 49,877.64 5,454.79
2015-12-31 36,711.16 45,492.27 4,022.53
2015-09-30 32,267.27 41,667.77 4,067.31
2015-06-30 31,418.19 37,780.43 3,265.87
2015-03-31 31,388.12 34,742.90 2,700.70
2014-12-31 30,024.46 34,081.64 5,401.51
2014-09-30 28,399.46 27,699.09 2,665.78
2014-06-30 27,905.76 27,839.93 4,935.18
2014-03-31 28,624.20 27,402.09 7,685.53
2013-12-31 26,874.67 23,384.90 3,403.59
2013-09-30 24,716.01 22,351.05 4,208.50
2013-06-30 23,687.84 23,421.22 6,005.24
2013-03-31 23,668.78 23,801.42 6,734.65
2012-12-31 19,061.96 24,162.79 3,844.34
2012-09-30 17,337.61 22,818.34 2,792.64
2012-06-30 16,196.28 21,255.13 1,688.55
  • Minor International's level of debt (153.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (95.8% vs 153.7% today).
  • Debt is not well covered by operating cash flow (7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Minor International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Minor International has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Minor International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.01%
Current annual income from Minor International dividends. Estimated to be 1.48% next year.
If you bought $2,000 of Minor International shares you are expected to receive $20 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Minor International's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Minor International's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:MNRI.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
United States of America Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 46 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:MNRI.F Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.66 11.00
2020-12-31 0.60 15.00
2019-12-31 0.48 12.00
OTCPK:MNRI.F Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-02-26 0.400 1.051
2018-02-19 0.400 1.082
2017-04-05 0.350 0.863
2016-05-12 0.350 0.935
2016-04-01 0.350 0.928
2015-05-13 0.227 0.727
2015-04-03 0.227 0.704
2014-02-20 0.318 1.138
2013-02-21 0.273 1.253
2012-11-12 0.124 0.651
2012-08-08 0.124 0.833
2012-05-11 0.124 0.966
2012-02-21 0.124 1.078
2011-11-10 0.124 1.330
2011-08-10 0.124 1.350
2011-05-11 0.124 1.248
2011-02-22 0.124 1.311
2010-05-11 0.124 1.336
2010-03-05 0.124 1.441
2009-08-14 0.132 1.449

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Minor International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Minor International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Minor International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Minor International has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Minor International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
William Heinecke
COMPENSATION ฿380,000
AGE 69
CEO Bio

Mr. William Ellwood Heinecke founded Minor Corporation Public Company Ltd. and serves as its Chairman and Chief Executive Officer. Mr. Heinecke has been the Chairman of Minor International Public Company Limited (Formerly Known as Royal Garden Resort Public Co. Ltd.) since September 1, 1978 and also serves as its Group Chief Executive Officer. He serves as Unit chief Executive Officer, Chairman, and Board of Director at Minor Hotel Group Limited. He served as Managing Director and Chairman of Ogilvy & Mather (Thailand) Limited. He serves as the Chairman of the Board at Minor Holding (Thai) Ltd. He has been the Chairman of Minor Food Group PLC since 1980. He has been an Independent Director of Indorama Ventures Public Company Limited since September 19, 2009. He serves as a Director of Minor DKL Food Group Pty. Ltd. He has been a Director of Minor International Public Company Limited (Formerly Known as Royal Garden Resort Public Co. Ltd.) since September 1, 1978 and Minor Corporation Public Company Limited since 1980. He serves as a Director of Minor Holdings (Thai) Ltd., Sathorn Thani Co. Ltd., Leisure Enterprise Ltd. and Everest Worldwide Ltd. He has been a Director at NH Hotel Group, S.A. since June 21, 2018. He served as an Independent Director of Sermsuk Public Company Limited until April 19, 2012. He served as a Director of S&P Syndicate Public Company Limited from 2007 to August 11, 2010 and Serendib Hotels Plc from January 2007 to May 26, 2010. He served as a Director of Rajadamri Hotel Public Co. Ltd. and Saatchi & Saatchi (Thailand) Limited. He is a Member of the American Chamber of Commerce (Thailand). He did Director Certificate Program (DCP) class No.64/2005 from Thai Institute of Directors Association. Mr. Heinecke studied in International School of Bangkok and also holds a Honorary Doctoral Degree of Business Administration in Management from Yonok College, Lamping, Yonok University.

CEO Compensation
  • William's compensation has been consistent with company performance over the past year, both up more than 20%.
  • William's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Minor International management team in years:

3.2
Average Tenure
47
Average Age
  • The tenure for the Minor International management team is about average.
Management Team

William Heinecke

TITLE
Chairman & Group CEO
COMPENSATION
฿380K
AGE
69

Brian Delaney

TITLE
Corporate Chief Financial Officer
AGE
42
TENURE
3.2 yrs

Dillip Rajakarier

TITLE
COO & Director
AGE
53

Kosin Chantikul

TITLE
Senior Vice President of Investment & Acquisitions
AGE
36
TENURE
4 yrs

Somsri Ruchdaponkul

TITLE
Vice President of Corporate Finance & Corporate Secretary
AGE
54

Steve Herndon

TITLE
Chief Information Officer

Jutatip Adulbhan

TITLE
Vice President of Investor Relations
AGE
46
TENURE
3.3 yrs

Stephen Chojnacki

TITLE
Chief Commercial Officer & General Counsel
AGE
45

Jeed Ratanapol

TITLE
Chief People Officer
AGE
62

Chaiyapat Paitoon

TITLE
Deputy Corporate Chief Financial Officer & Strategic Planning
AGE
47
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the Minor International board of directors in years:

8.2
Average Tenure
61
Average Age
  • The tenure for the Minor International board of directors is about average.
Board of Directors

Dillip Rajakarier

TITLE
COO & Director
AGE
53
TENURE
10.6 yrs

Khunying Wattanasiritham

TITLE
Independent Director
COMPENSATION
฿2M
AGE
73
TENURE
11.2 yrs

William Heinecke

TITLE
Chairman & Group CEO
COMPENSATION
฿380K
AGE
69
TENURE
40.8 yrs

Suvabha Charoenying

TITLE
Independent Director
COMPENSATION
฿2M
AGE
55
TENURE
3.4 yrs

Anil Thadani

TITLE
Director
COMPENSATION
฿1M
AGE
72
TENURE
21 yrs

Paul Kenny

TITLE
Director
COMPENSATION
฿200K
AGE
69
TENURE
22.2 yrs

John Heinecke

TITLE
Director
COMPENSATION
฿200K
AGE
47
TENURE
5.6 yrs

Thiraphong Chansiri

TITLE
Director
COMPENSATION
฿1M
AGE
53
TENURE
5.8 yrs

Charamporn Jotikasthira

TITLE
Independent Director
COMPENSATION
฿2M
AGE
61
TENURE
2.2 yrs

Edward Hubennette

TITLE
Independent Director
COMPENSATION
฿1,000K
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Minor International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Minor International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Minor International Public Company Limited, together with its subsidiaries, operates as a hospitality and leisure company in Thailand and internationally. It operates in four segments: Hotel & Spa, Mixed use, Restaurant, and Retail. As of February 26, 2019, the company had approximately 2,200 restaurant outlets in approximately 27 countries under The Pizza Company, Swensen’s, Sizzler, Dairy Queen, Burger King, Thai Express, The Coffee Club, Riverside, and Benihana brands. It also invested in, owned, and operated a portfolio of 513 hotels and serviced suites under the Anantara, AVANI, Oaks, Tivoli, NH Collection, NH Hotels, nhow, Elewana, Marriott, Four Seasons, St. Regis, Radisson Blu, and Minor International brands in 53 countries across the Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe, South America, and North America. In addition, the company distributes fashion and lifestyle products under the Anello, Bodum, Bossini, Brooks Brothers, Charles & Keith, Esprit, Etam, Joseph Joseph, OVS, Radley, Save My Bag, Zwilling J.A. Henckels and Minor Smart Kids brands through approximately 450 points of sale; and provides online shopping, as well as offers contract manufacturing services. Further, it is involved in the entertainment venues and property rental and sale, food and beverage sale, supply chain management, spa, vacation club point sale, distribution, management, catering service, franchise, consulting, sales and marketing, real estate, travel agency, asset management, accommodation, property development, corporate service, and procurement network businesses; and manufacture and sale of cheese and ice-cream. The company was formerly known as Royal Garden Resorts Plc. and changed its name to Minor International Public Company Limited in 2005. Minor International Public Company Limited was founded in 1978 and is based in Bangkok, Thailand.

Details
Name: Minor International Public Company Limited
MNRI.F
Exchange: OTCPK
Founded: 1978
฿5,844,853,900
4,618,914,291
Website: http://www.minor.com
Address: Minor International Public Company Limited
Berli Jucker House,
16th Floor,
Bangkok,
10110,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET MINT Ordinary Shares The Stock Exchange of Thailand TH THB 02. Jan 1992
OTCPK MINO.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
OTCPK MNIL.Y ADR Pink Sheets LLC US USD 22. May 2012
SET MINT-R THB1(NVDR) The Stock Exchange of Thailand TH THB 20. Aug 2001
THAMSE MINT-F PCL (FO SHS Bangkok-Alien Market Stock Exchange TH THB 06. Oct 1995
OTCPK MNRI.F PCL (FO SHS Pink Sheets LLC US USD 06. Oct 1995
OTCPK MNIL.F THB1(NVDR) Pink Sheets LLC US USD 20. Aug 2001
Number of employees
Current staff
Staff numbers
0
Minor International employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/14 23:56
End of day share price update: 2019/05/10 00:00
Last estimates confirmation: 2019/06/11
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.