Financials YTL Hospitality REIT

Equities

YTLREIT

MYL5109TO002

Specialized REITs

End-of-day quote BURSA MALAYSIA 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
1.22 MYR -.--% Intraday chart for YTL Hospitality REIT -.--% +18.45%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,284 1,790 1,525 1,611 1,619 2,079 - -
Enterprise Value (EV) 1 4,144 3,721 3,522 3,577 3,502 4,407 4,394 4,379
P/E ratio 21.8 x - - 19.2 x - - - -
Yield 5.87% 6.39% 4.65% 4.19% 7.83% 7.76% 7.4% 7.57%
Capitalization / Revenue 4.65 x 4.2 x 4.68 x 4.43 x 3.33 x 3.71 x 3.54 x 3.42 x
EV / Revenue 8.44 x 8.72 x 10.8 x 9.83 x 7.19 x 7.85 x 7.47 x 7.2 x
EV / EBITDA - - - - - - - -
EV / FCF 24.3 x - - 33.3 x - 24.6 x 19.9 x 17 x
FCF Yield 4.12% - - 3% - 4.06% 5.03% 5.89%
Price to Book 0.83 x 0.7 x 0.56 x - - - - -
Nbr of stocks (in thousands) 1,704,389 1,704,389 1,704,389 1,704,389 1,704,389 1,704,389 - -
Reference price 2 1.340 1.050 0.8950 0.9450 0.9500 1.220 1.220 1.220
Announcement Date 7/31/19 7/30/20 7/30/21 8/1/22 7/31/23 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 490.9 426.4 326.3 363.9 486.8 561.2 587.8 608.2
EBITDA - - - - - - - -
EBIT 1 150.6 - - 138.6 174.2 187.2 204.8 208.7
Operating Margin 30.69% - - 38.1% 35.79% 33.35% 34.83% 34.32%
Earnings before Tax (EBT) 1 107.8 13.14 86.42 87.02 146.6 94.35 98.3 103.5
Net income 1 104.7 9.594 82.83 83.87 141.2 102.5 95.83 99.2
Net margin 21.32% 2.25% 25.39% 23.05% 29.01% 18.27% 16.3% 16.31%
EPS 0.0614 - - 0.0492 - - - -
Free Cash Flow 1 170.8 - - 107.4 - 178.8 221.1 258
FCF margin 34.78% - - 29.51% - 31.86% 37.61% 42.42%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) 163.14% - - 128.02% - 174.38% 230.71% 260.08%
Dividend per Share 2 0.0787 0.0671 0.0416 0.0396 0.0744 0.0947 0.0903 0.0923
Announcement Date 7/31/19 7/30/20 7/30/21 8/1/22 7/31/23 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2022 Q4 2023 Q1
Net sales 1 106.4 112.3
EBITDA - -
EBIT - -
Operating Margin - -
Earnings before Tax (EBT) - -
Net income - -
Net margin - -
EPS - -
Dividend per Share - -
Announcement Date 8/1/22 11/24/22
1MYR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,860 1,931 1,997 1,966 1,882 2,328 2,314 2,300
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 171 - - 107 - 179 221 258
ROE (net income / shareholders' equity) 3.84% 4.8% 2.7% 3.06% 4.97% 5.07% 5.1% 5.17%
ROA (Net income/ Total Assets) 3.03% 2.66% 1.48% 1.72% 2.82% 3% 2.9% 2.9%
Assets 1 3,450 360.8 5,582 4,887 5,015 3,418 3,305 3,421
Book Value Per Share 1.610 1.500 1.590 - - - - -
Cash Flow per Share - - - - - - - -
Capex 1 271 9.66 1.77 5.19 15.6 14.6 26.3 27.6
Capex / Sales 55.23% 2.26% 0.54% 1.43% 3.19% 2.6% 4.47% 4.54%
Announcement Date 7/31/19 7/30/20 7/30/21 8/1/22 7/31/23 - - -
1MYR in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
1.22 MYR
Average target price
1.303 MYR
Spread / Average Target
+6.83%
Consensus

Annual profits - Rate of surprise

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