Company Valuation: CDL Hospitality Trusts

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,439 1,546 1,383 1,081 1,061 902.9 - -
Change - 7.45% -10.57% -21.84% -1.83% -14.91% - -
Enterprise Value (EV) 1 2,491 2,661 2,601 2,482 2,365 2,102 2,213 2,223
Change - 6.84% -2.27% -4.58% -4.7% -11.12% 5.26% 0.46%
P/E 21.2x 7.2x 11.3x 75.4x -35.8x 19.3x 21.2x 22x
PBR 0.88x 0.87x 0.74x 0.59x 0.6x 0.48x 0.49x 0.49x
PEG - 0x -0.3x -0.9x 0x -0x -2.39x -5.51x
Capitalization / Revenue 9.12x 6.74x 5.37x 4.15x 3.97x 3.3x 3.11x 3x
EV / Revenue 15.8x 11.6x 10.1x 9.54x 8.84x 7.68x 7.63x 7.38x
EV / EBITDA 35.1x 25.3x 22x 22.2x 21.9x 17.9x 17.7x 16.7x
EV / EBIT 50.3x 31.6x 27x 27.8x 28.7x 21.7x 21.5x 21.2x
EV / FCF 51.2x 32.2x 53.2x 34.8x 24.7x 16.7x -23.9x 14.2x
FCF Yield 1.95% 3.1% 1.88% 2.87% 4.04% 5.98% -4.19% 7.02%
Dividend per Share 2 0.0427 0.0563 0.057 0.0532 0.0282 0.0497 0.052 0.0551
Rate of return 3.65% 4.5% 5.14% 6.19% 3.38% 7.05% 7.37% 7.82%
EPS 2 0.0551 0.1735 0.0984 0.0114 -0.0233 0.0366 0.0333 0.032
Distribution rate 77.5% 32.4% 57.9% 467% -121% 136% 156% 172%
Net sales 1 157.7 229.4 257.6 260.3 267.6 273.6 289.9 301.2
EBITDA 1 71.01 105.1 118.2 111.8 107.8 117.2 125.1 133.4
EBIT 1 49.56 84.09 96.3 89.23 82.46 96.7 103.2 104.9
Net income 1 67.93 215.3 123.2 14.36 -29.49 34.84 37.8 41.74
Net Debt 1 1,052 1,115 1,218 1,401 1,304 1,199 1,310 1,320
Reference price 2 1.1700 1.2500 1.1100 0.8600 0.8350 0.7050 0.7050 0.7050
Nbr of stocks (in thousands) 1,230,012 1,237,020 1,245,832 1,256,857 1,270,770 1,280,755 - -
Announcement Date 27/01/22 22/03/23 29/01/24 26/01/25 29/01/26 - - -
1SGD in Million2SGD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.27x7.68x17.94x7.05% 706M
81.92x13.07x35.18x1.32% 171B
55.67x11.27x21.95x2.16% 94.23B
27.21x11.23x17.05x3.78% 88.05B
60.9x11.67x21.65x2.84% 63.95B
30.66x13.95x19.47x3.88% 57.9B
157.2x8.14x22.38x2.4% 44.52B
44.64x13.48x20.05x4.94% 36.58B
59.52x6.28x16.9x3.2% 32.74B
30.71x14.58x17.75x4.55% 30.3B
Average 56.77x 11.13x 21.03x 3.61% 62B
Weighted average by Cap. 62.66x 11.85x 24.08x 2.75%

Y-o-Y evolution of P/E

Valuation ratios - P/E - CDL Hospitality Trusts

Historical PBR trend

Valuation ratios - PBR - CDL Hospitality Trusts

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - CDL Hospitality Trusts

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - CDL Hospitality Trusts


Year-on-year evolution of the Yield

Valuation ratios - Yield - CDL Hospitality Trusts
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