Upcoming Dividend • Apr 30
Upcoming dividend of ฿0.50 per share Eligible shareholders must have bought the stock before 07 May 2026. Payment date: 26 May 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Thai dividend payers (7.5%). Lower than average of industry peers (3.3%). Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿51.75, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 17x in the Hospitality industry in Thailand. Total loss to shareholders of 1.9% over the past three years. Buy Or Sell Opportunity • Mar 26
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 4.3% to ฿48.00. The fair value is estimated to be ฿39.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Mar 10
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to ฿47.50. The fair value is estimated to be ฿38.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: ฿1.85 (vs ฿2.85 in FY 2024) Full year 2025 results: EPS: ฿1.85 (down from ฿2.85 in FY 2024). Revenue: ฿2.15b (down 8.9% from FY 2024). Net income: ฿240.9m (down 35% from FY 2024). Profit margin: 11% (down from 16% in FY 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Feb 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risk Large one-off items impacting financial results. Declared Dividend • Feb 25
Dividend reduced to ฿0.50 Dividend of ฿0.50 is 50% lower than last year. Ex-date: 7th May 2026 Payment date: 26th May 2026 Dividend yield will be 1.0%, which is lower than the industry average of 1.7%. Payout Ratios Payout ratio: 57%. Cash payout ratio: 25%. Buy Or Sell Opportunity • Jan 14
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.1% to ฿50.50. The fair value is estimated to be ฿41.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ฿39.50, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 17x in the Hospitality industry in Thailand. Total loss to shareholders of 26% over the past three years. Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: ฿0.67 (vs ฿0.27 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.67 (up from ฿0.27 in 3Q 2024). Revenue: ฿430.4m (down 16% from 3Q 2024). Net income: ฿87.1m (up 151% from 3Q 2024). Profit margin: 20% (up from 6.8% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Nov 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.8% to ฿43.75. The fair value is estimated to be ฿55.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿50.00, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 21x in the Hospitality industry in Thailand. Total loss to shareholders of 6.4% over the past three years. Reported Earnings • Aug 14
Second quarter 2025 earnings released: ฿0.31 loss per share (vs ฿0.69 profit in 2Q 2024) Second quarter 2025 results: ฿0.31 loss per share (down from ฿0.69 profit in 2Q 2024). Revenue: ฿401.6m (down 13% from 2Q 2024). Net loss: ฿40.9m (down 145% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: ฿1.23 (vs ฿1.72 in 1Q 2024) First quarter 2025 results: EPS: ฿1.23 (down from ฿1.72 in 1Q 2024). Revenue: ฿660.0m (down 4.9% from 1Q 2024). Net income: ฿159.8m (down 28% from 1Q 2024). Profit margin: 24% (down from 32% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 01
Upcoming dividend of ฿1.00 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 27 May 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Thai dividend payers (7.9%). Lower than average of industry peers (3.0%). Duyuru • Apr 30
Shangri-La Hotel Public Company Limited Approves the Distribution of an Annual Dividend for the Period from 1 January to 31 December 2024, Payable on 27 May 2025 Shangri-La Hotel Public Company Limited at its AGM held on 29 April 2025 approved the distribution of an annual dividend for the operation of the Company from 1 January to 31 December 2024 at the rate of THB 1.00 per share payable to the shareholders on 27 May 2025. The record date on which shareholders of the Company have the right to receive the Annual Dividend will be 9 May 2025. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿48.50, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 20x in the Hospitality industry in Thailand. Total loss to shareholders of 4.8% over the past three years. New Risk • Mar 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Declared Dividend • Feb 26
Dividend of ฿1.00 announced Dividend of ฿1.00 is the same as last year. Ex-date: 8th May 2025 Payment date: 27th May 2025 Dividend yield will be 2.2%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 61% to shift the payout ratio to a potentially unsustainable range, which is more than the 10% EPS decline seen over the last 5 years. Reported Earnings • Feb 25
Full year 2024 earnings released: EPS: ฿2.85 (vs ฿1.06 in FY 2023) Full year 2024 results: EPS: ฿2.85 (up from ฿1.06 in FY 2023). Revenue: ฿2.36b (up 8.1% from FY 2023). Net income: ฿371.0m (up 169% from FY 2023). Profit margin: 16% (up from 6.3% in FY 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • Feb 24
Shangri-La Hotel Public Company Limited Proposes Annual Dividend for the Period January 1, 2024 to December 31, 2024. Payable on May 27, 2025 Shangri-La Hotel Public Company Limited proposed annual dividend payment of THB 1.00 per share for the operation of the company from January 1, 2024 to December 31, 2024. Payment date: May 27, 2025. Ex-dividend date: May 8, 2025. Record date for the right to receive dividends: May 9, 2025. Shareholder's meeting date: April 29, 2025. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: ฿0.27 (vs ฿0.51 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.27 (down from ฿0.51 in 3Q 2023). Revenue: ฿510.7m (flat on 3Q 2023). Net income: ฿34.7m (down 48% from 3Q 2023). Profit margin: 6.8% (down from 13% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Nov 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.8% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: ฿0.69 (vs ฿0.79 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.69 (down from ฿0.79 in 2Q 2023). Revenue: ฿463.0m (up 6.9% from 2Q 2023). Net income: ฿90.3m (down 12% from 2Q 2023). Profit margin: 20% (down from 24% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 14
First quarter 2024 earnings released: EPS: ฿1.72 (vs ฿0.89 in 1Q 2023) First quarter 2024 results: EPS: ฿1.72 (up from ฿0.89 in 1Q 2023). Revenue: ฿694.1m (up 15% from 1Q 2023). Net income: ฿223.6m (up 93% from 1Q 2023). Profit margin: 32% (up from 19% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 01
Upcoming dividend of ฿1.00 per share Eligible shareholders must have bought the stock before 08 May 2024. Payment date: 24 May 2024. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (1.8%). Duyuru • Nov 15
Shangri-La Hotel Public Company Limited Approves Appointment of Supot Singhasaneh as Member of the Audit Committee Shangri-La Hotel Public Company Limited announced the resolution passed at its board of directors' meeting held on 13 November 2023 as follow: Appointment of Mr. Supot Singhasaneh as member of the audit committee. The Audit Committee consists of: Chairman of the Audit Committee: Mr. Kovit Poshyananda Remaining term in office 2 years; Member of the Audit Committee: Mr. Jayavadh Bunnag Remaining term in office 2 years; Member of the Audit Committee: Mr. Kledchai Benjaathonsirikul Remaining term in office 2 years; Member of the Audit Committee: Mr. Supot Singhasaneh Remaining term in office 2 years. Secretary to the Audit Committee: Ms. Pastharee Theerajittiwong. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: ฿0.51 (vs ฿0.47 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.51 (up from ฿0.47 in 3Q 2022). Revenue: ฿508.5m (up 43% from 3Q 2022). Net income: ฿66.1m (up 9.5% from 3Q 2022). Profit margin: 13% (down from 17% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: ฿0.78 (vs ฿0.34 loss in 2Q 2022) Second quarter 2023 results: EPS: ฿0.78 (up from ฿0.34 loss in 2Q 2022). Revenue: ฿433.2m (up 132% from 2Q 2022). Net income: ฿102.0m (up ฿146.8m from 2Q 2022). Profit margin: 24% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: ฿0.89 (vs ฿0.65 loss in 1Q 2022) First quarter 2023 results: EPS: ฿0.89 (up from ฿0.65 loss in 1Q 2022). Revenue: ฿602.0m (up 376% from 1Q 2022). Net income: ฿116.1m (up ฿200.7m from 1Q 2022). Profit margin: 19% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • Feb 23
Full year 2022 earnings released: ฿0.62 loss per share (vs ฿3.79 loss in FY 2021) Full year 2022 results: ฿0.62 loss per share (improved from ฿3.79 loss in FY 2021). Revenue: ฿1.20b (up 238% from FY 2021). Net loss: ฿80.2m (loss narrowed 84% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: ฿0.47 (vs ฿0.88 loss in 3Q 2021) Third quarter 2022 results: EPS: ฿0.47 (up from ฿0.88 loss in 3Q 2021). Revenue: ฿354.9m (up 388% from 3Q 2021). Net income: ฿60.4m (up ฿174.5m from 3Q 2021). Profit margin: 17% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Director Hui Lee was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Nov 15
Shangri-La Hotel Public Company Limited Announces Executive Changes Shangri-La Hotel Public Company Limited at its Board of Directors' Meeting No. 5/2022 held on 14 November, 2022, approved the appointment of Mr. Supot Singhasaneh as an Independent Director of the Company in place of Mr. Chor.nun Petpaisit be approved with effect from 14 November, 2022. Mr. Chor.nun Petpaisit has resigned from the directorship of the Company with effect from 14 November, 2022. Reported Earnings • Aug 12
Second quarter 2022 earnings released: ฿0.35 loss per share (vs ฿0.87 loss in 2Q 2021) Second quarter 2022 results: ฿0.35 loss per share (up from ฿0.87 loss in 2Q 2021). Revenue: ฿186.6m (up 184% from 2Q 2021). Net loss: ฿44.9m (loss narrowed 61% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Reported Earnings • May 12
First quarter 2022 earnings released: ฿0.65 loss per share (vs ฿0.65 loss in 1Q 2021) First quarter 2022 results: ฿0.65 loss per share (down from ฿0.65 loss in 1Q 2021). Revenue: ฿126.4m (up 67% from 1Q 2021). Net loss: ฿84.6m (flat on 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Additional Independent Director Chor.nun Petpaisit was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Feb 22
Shangri-La Hotel Public Company Limited, Annual General Meeting, Apr 28, 2022 Shangri-La Hotel Public Company Limited, Annual General Meeting, Apr 28, 2022, at 10:00 SE Asia Standard Time. Agenda: To consider approving the minutes of the annual general meeting of shareholders no. 1/2021 which was held on May 14, 2021; to acknowledge the report of the board of directors on the business operation of the company for the year 2021; to consider approving the company's statements of financial position and the statements of income for the year ended December 31, 2021; to consider approving omission of the annual dividend payment for the year ended December 31, 2021; to consider approving the appointment of directors in place of those who retired by rotation; to consider approving the remuneration of the directors; to consider approving the appointment of the company's auditors and to fix their remuneration; and to consider other business ,if any. Reported Earnings • Feb 22
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ฿3.79 loss per share (up from ฿7.56 loss in FY 2020). Revenue: ฿355.9m (down 46% from FY 2020). Net loss: ฿492.8m (loss narrowed 50% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 10
Third quarter 2021 earnings released: ฿0.88 loss per share (vs ฿1.08 loss in 3Q 2020) Third quarter 2021 results: Net loss: ฿114.0m (loss narrowed 19% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Executive Departure • Aug 12
Director Oon Kwong Kuok has left the company On the 1st of August, Oon Kwong Kuok's tenure as Director ended. We don't have any record of a personal shareholding under Oon Kwong's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Aug 11
Second quarter 2021 earnings released: ฿0.87 loss per share (vs ฿1.21 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ฿65.8m (up 153% from 2Q 2020). Net loss: ฿113.4m (loss narrowed 28% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Duyuru • May 15
Shangri-La Hotel Public Company Limited Approves Omission of Annual Dividend for the Year Ended December 31, 2020 Shangri-La Hotel Public Company Limited at its Annual General Meeting of Shareholders held on May 14, 2021 approved the omission of the annual dividend payment for the operation of the company from January 1, 2020 to December 31, 2020. Reported Earnings • May 11
First quarter 2021 earnings released: ฿0.65 loss per share (vs ฿0.99 profit in 1Q 2020) First quarter 2021 results: Net loss: ฿84.0m (down 165% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 24
New 90-day low: ฿52.50 The company is down 5.0% from its price of ฿55.00 on 26 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 16% over the same period. Reported Earnings • Feb 23
Full year 2020 earnings released: ฿7.56 loss per share (vs ฿4.96 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ฿663.3m (down 75% from FY 2019). Net loss: ฿983.1m (down 252% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Duyuru • Feb 23
Shangri-La Hotel Public Company Limited, Annual General Meeting, Apr 28, 2021 Shangri-La Hotel Public Company Limited, Annual General Meeting, Apr 28, 2021, at 03:00 Coordinated Universal Time. Location: Myanmar Room, 3rd Floor, Chao Phya Tower, Shangri-La Hotel Bangkok Thailand Agenda: To consider approving the minutes of the annual general meeting of shareholders no. 1/2021 which was held on 30 July, 2020; to acknowledge the report of the board of directors on the business operation of the company for the year 2020; to consider approving the company's statements of financial position and the statements of income for the year ended 31 December, 2020; to consider approving omission of the annual dividend payment for the year ended 31 December, 2020; and to consider other matter. Executive Departure • Feb 06
Independent Chairman Pong Sarasin has left the company On the 3rd of February, Pong Sarasin's tenure in the role of Independent Chairman ended. We don't have any record of a personal shareholding under Pong's name. Pong is the only executive to leave the company over the last 12 months. Duyuru • Feb 05
Pong Sarasin, Chairman of the Board of Directors and Independent Director of Shangri-La Hotel Public Company Limited Passes Away on 3 February, 2021 Shangri-La Hotel Public Company Limited announced that Mr. Pong Sarasin, Chairman of the Board of Directors and Independent Director of the Company, passed away on 3 February, 2021. Is New 90 Day High Low • Dec 14
New 90-day high: ฿58.75 The company is up 7.0% from its price of ฿55.00 on 15 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 23% over the same period. Is New 90 Day High Low • Nov 27
New 90-day high: ฿58.25 The company is up 2.0% from its price of ฿57.00 on 28 August 2020. The Thai market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 9.0% over the same period. Reported Earnings • Nov 10
Third quarter 2020 earnings released: ฿1.08 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿103.5m (down 82% from 3Q 2019). Net loss: ฿140.9m (down 192% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 02
New 90-day low: ฿45.50 The company is down 20% from its price of ฿57.00 on 04 August 2020. The Thai market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 13% over the same period. Is New 90 Day High Low • Oct 15
New 90-day low: ฿51.25 The company is down 15% from its price of ฿60.25 on 17 July 2020. The Thai market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 7.0% over the same period. Is New 90 Day High Low • Sep 29
New 90-day low: ฿54.25 The company is down 10.0% from its price of ฿60.50 on 01 July 2020. The Thai market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 4.0% over the same period. 
