Financials Quality Houses Hotel and Residence Freehold and Leasehold Property Fund

Equities

QHHR

TH3601010004

Real Estate Development & Operations

End-of-day quote Thailand S.E. 03:30:00 17/05/2024 am IST 5-day change 1st Jan Change
6.6 THB 0.00% Intraday chart for Quality Houses Hotel and Residence Freehold and Leasehold Property Fund 0.00% +6.45%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,806 3,192 2,033 1,831 2,016 2,083
Enterprise Value (EV) 1 2,804 3,190 1,975 1,801 1,990 2,147
P/E ratio 4.19 x 10.9 x 19.8 x -11.5 x -11.9 x 283 x
Yield 7.22% 6.82% 1.65% - 3.33% 9.05%
Capitalization / Revenue 9.44 x 10.6 x 12 x 19.8 x 13.5 x 7.77 x
EV / Revenue 9.44 x 10.6 x 11.7 x 19.5 x 13.4 x 8.01 x
EV / EBITDA - - - - - -
EV / FCF 20.8 x 21.4 x 70.1 x -43.4 x -107 x 22.2 x
FCF Yield 4.8% 4.67% 1.43% -2.31% -0.94% 4.5%
Price to Book 0.6 x 0.67 x 0.43 x 0.4 x 0.45 x 0.49 x
Nbr of stocks (in thousands) 3,36,000 3,36,000 3,36,000 3,36,000 3,36,000 3,36,000
Reference price 2 8.350 9.500 6.050 5.450 6.000 6.200
Announcement Date 28/02/19 02/03/20 25/02/21 28/02/22 27/02/23 28/02/24
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 297.1 302 169.4 92.6 148.9 268.1
EBITDA - - - - - -
EBIT 1 218.4 241.5 145.1 28.81 51.68 18.84
Operating Margin 73.52% 79.99% 85.64% 31.11% 34.71% 7.03%
Earnings before Tax (EBT) 1 670 292.1 102.9 -158.6 -168.9 7.351
Net income 1 670 292.1 102.9 -158.6 -168.9 7.351
Net margin 225.49% 96.72% 60.76% -171.29% -113.43% 2.74%
EPS 2 1.994 0.8693 0.3063 -0.4721 -0.5026 0.0219
Free Cash Flow 1 134.7 148.9 28.2 -41.55 -18.64 96.67
FCF margin 45.32% 49.3% 16.65% -44.87% -12.52% 36.06%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) 20.1% 50.97% 27.4% - - 1,314.98%
Dividend per Share 2 0.6030 0.6480 0.1000 - 0.2000 0.5610
Announcement Date 28/02/19 02/03/20 25/02/21 28/02/22 27/02/23 28/02/24
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - 63.9
Net Cash position 1 1.87 2.03 57.3 29.9 26.3 -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 135 149 28.2 -41.6 -18.6 96.7
ROE (net income / shareholders' equity) 15.1% 6.17% 2.15% -3.38% -3.73% 0.17%
ROA (Net income/ Total Assets) 3.07% 3.19% 1.89% 0.38% 0.71% 0.27%
Assets 1 21,846 9,161 5,442 -41,676 -23,855 2,769
Book Value Per Share 2 13.90 14.20 14.20 13.70 13.20 12.70
Cash Flow per Share 2 0.0100 0.0100 0.0100 0.0200 0.0300 0.0200
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 28/02/19 02/03/20 25/02/21 28/02/22 27/02/23 28/02/24
1THB in Million2THB
Estimates
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