Portsmouth Square (OTCPK:PRSI) - Share price, News & Analysis

PRSI fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	0/6
Dividends	0/6

PRSI Stock Overview

Portsmouth Square, Inc., through its general and limited partnership interest in Justice Investors Limited Partnership, owns and operates a hotel under the Hilton brand in San Francisco, California.

Risk Analysis

Earnings have declined by 38.2% per year over past 5 years

Has less than 1 year of cash runway

Shares are highly illiquid

Negative shareholders equity

+ 1 more risk

Portsmouth Square Competitors

Tuniu

NasdaqGM:TOUR

US$118.9m

Yatra Online

NasdaqCM:YTRA

US$153.3m

Lindblad Expeditions Holdings

NasdaqCM:LIND

US$450.5m

Despegar.com

NYSE:DESP

US$508.7m

Price History & Performance

Summary of all time highs, changes and price drops for Portsmouth Square
Historical stock prices
Current Share Price	US$41.55
52 Week High	US$57.00
52 Week Low	US$31.00
Beta	0.42
1 Month Change	0%
3 Month Change	-0.024%
1 Year Change	n/a
3 Year Change	-48.06%
5 Year Change	-27.11%
Change since IPO	295.71%

Shareholder Returns

	PRSI	US Hospitality	US Market
7D	0%	4.8%	3.9%
1Y	n/a	-17.6%	-12.1%

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

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

Price Volatility

Is PRSI's price volatile compared to industry and market?
PRSI volatility
PRSI Average Weekly Movement	n/a
Hospitality Industry Average Movement	9.3%
Market Average Movement	8.1%
10% most volatile stocks in US Market	17.1%
10% least volatile stocks in US Market	3.3%

Stable Share Price: Insufficient data to determine PRSI's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine PRSI's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1967	3	John Winfield	https://www.intgla.com/portsmouth

Portsmouth Square, Inc., through its general and limited partnership interest in Justice Investors Limited Partnership, owns and operates a hotel under the Hilton brand in San Francisco, California. Its hotel property consists of 544 guest rooms and luxury suites, and related facilities, including a five-level underground parking garage. The company was incorporated in 1967 and is based in Los Angeles, California.

Portsmouth Square Fundamentals Summary

How do Portsmouth Square's earnings and revenue compare to its market cap?
PRSI fundamental statistics
Market Cap	US$30.51m
Earnings (TTM)	-US$2.10m
Revenue (TTM)	US$25.02m

1.2x

P/S Ratio

-14.6x

P/E Ratio

Is PRSI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
PRSI income statement (TTM)
Revenue	US$25.02m
Cost of Revenue	US$23.00m
Gross Profit	US$2.02m
Other Expenses	US$4.11m
Earnings	-US$2.10m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-2.85
Gross Margin	8.06%
Net Profit Margin	-8.38%
Debt/Equity Ratio	-143.5%

How did PRSI perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is PRSI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PRSI?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for PRSI. This is calculated by dividing PRSI's market cap by their current preferred multiple.
What is PRSI's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	US$30.51m

PRSI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	6.2x
Enterprise Value/EBITDA	282.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does PRSI's PS Ratio compare to its peers?

PRSI PS Ratio vs Peers

The above table shows the PS ratio for PRSI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	2.7x
TOUR Tuniu	2.1x	n/a	US$118.9m
YTRA Yatra Online	6.1x	56.8%	US$153.3m
LIND Lindblad Expeditions Holdings	1.6x	24.1%	US$450.5m
DESP Despegar.com	1.3x	20.1%	US$508.7m
PRSI Portsmouth Square	1.2x	n/a	US$30.5m

Price-To-Sales vs Peers: PRSI is good value based on its Price-To-Sales Ratio (1.2x) compared to the peer average (2.7x).

Price to Earnings Ratio vs Industry

How does PRSI's PE Ratio compare vs other companies in the US Hospitality Industry?

Price-To-Sales vs Industry: PRSI is good value based on its Price-To-Sales Ratio (1.2x) compared to the US Hospitality industry average (1.7x)

Price to Sales Ratio vs Fair Ratio

What is PRSI's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PRSI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate PRSI's Price-To-Sales Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of PRSI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate PRSI's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate PRSI's fair value for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Take a look at our analysis of PRSI's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through Portsmouth Square regulatory filings here.

Future Growth

How is Portsmouth Square forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

31.8%

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 Portsmouth Square 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.

Discover growth companies

Take a look at our analysis of PRSI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Portsmouth Square's filings and announcements here.

Past Performance

How has Portsmouth Square performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-38.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PRSI is currently unprofitable.

Growing Profit Margin: PRSI is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: PRSI is unprofitable, and losses have increased over the past 5 years at a rate of 38.2% per year.

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

Earnings vs Industry: PRSI is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (57.4%).

Return on Equity

High ROE: PRSI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.

Discover strong past performing companies

Financial Health

How is Portsmouth Square's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: PRSI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: PRSI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.

Debt to Equity History and Analysis

Debt Level: PRSI has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: PRSI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Balance Sheet

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: PRSI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PRSI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 40.6% each year

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Dividend

What is Portsmouth Square current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate PRSI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PRSI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PRSI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PRSI's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PRSI has not reported any payouts.

Discover strong dividend paying companies

Management

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

26.3yrs

Average board tenure

CEO

John Winfield (75 yo)

no data

Tenure

US$348,000

Compensation

Mr. John V. Winfield serves as the Chairman and Chief Executive Officer at Portsmouth Square Inc. and has been its Director since May 1996. Mr. John V. Winfield has been the Chairman, Chief Executive Offic...

CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD348.00K) is below average for companies of similar size in the US market ($USD767.83K).

Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.

Board Members

Experienced Board: PRSI's board of directors are seasoned and experienced ( 26.3 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.

Data	Last Updated (UTC time)
Company Analysis	2022/08/03 00:00
End of Day Share Price	2022/05/06 00:00
Earnings	2022/03/31
Annual Earnings	2021/06/30