XASX
HPI
Market cap475mUSD
Feb 27, Last price
3.75AUD
Name
Hotel Property Investments Ltd
Chart & Performance
Profile
HPI owns a Portfolio of freehold hotels and associated specialty tenancies located throughout Queensland and South Australia. The pubs are leased to the Queensland Venue Company (QVC), a joint venture between Coles group and Australian Venue Company, and to Australian Leisure & Hospitality ("ALH"), a joint venture 75% owned by the Woolworths group. HPI's objective is to maximise the long term income and capital returns from its investments for the benefit of its Securityholders. Approximately 93% of the income is earned from the pubs leased to QVC and ALH. The remaining rental income is derived from Speciality Tenants leasing the On-site Specialty Stores. Specialty Tenants include a mix of franchisors and franchisees including 7-Eleven, Nightowl, Nando's, Subway, Noodle Box, The Good Guys and Quest Apartments. The Responsible Entity of the Trust is Hotel Property Investments Limited.
Valuation
Title AUD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑06 | 2023‑06 | 2022‑06 | 2021‑06 | 2020‑06 | 2019‑06 | 2018‑06 | 2017‑06 | 2016‑06 | 2015‑06 | |
Income | ||||||||||
Revenues | 82,215 2.98% | 79,835 7.92% | 73,974 23.00% | |||||||
Cost of revenue | 15,567 | 15,091 | 13,714 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 66,648 | 64,744 | 60,260 | |||||||
NOPBT Margin | 81.07% | 81.10% | 81.46% | |||||||
Operating Taxes | (19) | 121 | 73 | |||||||
Tax Rate | 0.19% | 0.12% | ||||||||
NOPAT | 66,667 | 64,623 | 60,187 | |||||||
Net income | 35,995 902.65% | 3,590 -98.30% | 211,446 149.58% | |||||||
Dividends | (34,084) | (35,193) | (31,005) | |||||||
Dividend yield | 5.50% | 5.78% | 5.30% | |||||||
Proceeds from repurchase of equity | (287) | (112) | (86,421) | |||||||
BB yield | 0.05% | 0.02% | 14.78% | |||||||
Debt | ||||||||||
Debt current | 115 | 107 | 100 | |||||||
Long-term debt | 475,364 | 455,578 | 464,629 | |||||||
Deferred revenue | (27,923) | (30,639) | ||||||||
Other long-term liabilities | 102 | 147 | 30,515 | |||||||
Net debt | 469,171 | 452,322 | 463,892 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 66,970 | 62,599 | 63,368 | |||||||
CAPEX | (50) | (33) | (5,011) | |||||||
Cash from investing activities | (23,760) | 8,355 | (175,799) | |||||||
Cash from financing activities | (43,324) | (70,819) | 112,729 | |||||||
FCF | 18,512 | 41,853 | 66,856 | |||||||
Balance | ||||||||||
Cash | 858 | 972 | 837 | |||||||
Long term investments | 5,450 | 2,391 | ||||||||
Excess cash | 2,197 | |||||||||
Stockholders' equity | 782,471 | 781,024 | 810,829 | |||||||
Invested Capital | 1,255,566 | 1,236,280 | 1,274,742 | |||||||
ROIC | 5.35% | 5.15% | 5.44% | |||||||
ROCE | 5.30% | 5.24% | 4.73% | |||||||
EV | ||||||||||
Common stock shares outstanding | 194,989 | 193,893 | 188,656 | |||||||
Price | 3.18 1.27% | 3.14 1.29% | 3.10 -2.82% | |||||||
Market cap | 620,066 1.85% | 608,824 4.10% | 584,835 9.61% | |||||||
EV | 1,089,237 | 1,061,146 | 1,048,727 | |||||||
EBITDA | 66,784 | 64,876 | 60,406 | |||||||
EV/EBITDA | 16.31 | 16.36 | 17.36 | |||||||
Interest | 27,226 | 25,121 | 17,188 | |||||||
Interest/NOPBT | 40.85% | 38.80% | 28.52% |