Hotel Properties Ltd
SGX:H15

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Hotel Properties Ltd
SGX:H15
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Price: 4.9 SGD 4.7% Market Closed
Market Cap: 2.6B SGD

Relative Value

The Relative Value of one H15 stock under the Base Case scenario is 4.25 SGD. Compared to the current market price of 4.9 SGD, Hotel Properties Ltd is Overvalued by 13%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

H15 Relative Value
Base Case
4.25 SGD
Overvaluation 13%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
44
vs Industry
25
Median 3Y
3.2
Median 5Y
3.5
Industry
1.4
Forward
3.9
vs History
17
vs Industry
8
Median 3Y
68.7
Median 5Y
3.3
Industry
19.8
Forward
22.9
vs History
34
vs Industry
29
Median 3Y
13.7
Median 5Y
14.1
Industry
10.1
vs History
vs Industry
Median 3Y
-11.1
Median 5Y
10.2
Industry
19.5
vs History
7
vs Industry
65
Median 3Y
1
Median 5Y
0.9
Industry
2.1
vs History
50
vs Industry
17
Median 3Y
5.6
Median 5Y
5.8
Industry
1.9
Forward
6.1
vs History
47
vs Industry
6
Median 3Y
25.6
Median 5Y
26.9
Industry
3.9
vs History
85
vs Industry
18
Median 3Y
23
Median 5Y
28.7
Industry
11
Forward
14.6
vs History
47
vs Industry
14
Median 3Y
51.2
Median 5Y
41.2
Industry
17.1
Forward
45.5
vs History
28
vs Industry
18
Median 3Y
24.5
Median 5Y
24.7
Industry
12.5
vs History
vs Industry
8
Median 3Y
-51.3
Median 5Y
-51.3
Industry
17.7
vs History
6
vs Industry
62
Median 3Y
0.9
Median 5Y
0.9
Industry
1.3

Multiples Across Competitors

H15 Competitors Multiples
Hotel Properties Ltd Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
SG
Hotel Properties Ltd
SGX:H15
2.6B SGD 3.7 94.2 22.6 43.4
US
Booking Holdings Inc
NASDAQ:BKNG
186.9B USD 7.8 34.4 22 23.7
MY
Grand Central Enterprises Bhd
KLSE:GCE
630.4B MYR 23 028.5 -27 760.2 -27 960.1 -22 103.1
CN
H World Group Ltd
BMV:HTHTN
2.7T MXN 43.2 315.9 157 195.8
US
Royal Caribbean Cruises Ltd
NYSE:RCL
90.8B USD 5.4 28 18.2 25.1
US
Airbnb Inc
NASDAQ:ABNB
85.7B USD 7.6 33.8 28.9 29.8
US
Marriott International Inc
NASDAQ:MAR
77B USD 3 31.1 20.3 23.2
US
Hilton Worldwide Holdings Inc
NYSE:HLT
65.3B USD 5.8 41.6 29.8 31.7
US
Carnival Corp
NYSE:CCL
39.3B USD 1.5 15.6 9.2 14.9
CN
Trip.com Group Ltd
HKEX:9961
304.8B HKD 5 16.3 19.5 20.6
UK
Carnival PLC
LSE:CCL
25.9B GBP 1.4 14 350.3 570.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SG
Hotel Properties Ltd
SGX:H15
Average EV/EBITDA: 67.8
22.6
N/A N/A
US
Booking Holdings Inc
NASDAQ:BKNG
22
12%
1.8
MY
G
Grand Central Enterprises Bhd
KLSE:GCE
Negative Multiple: -27 960.1 N/A N/A
CN
H
H World Group Ltd
BMV:HTHTN
157
10%
15.7
US
Royal Caribbean Cruises Ltd
NYSE:RCL
18.2
13%
1.4
US
Airbnb Inc
NASDAQ:ABNB
28.9
28%
1
US
Marriott International Inc
NASDAQ:MAR
20.3
12%
1.7
US
Hilton Worldwide Holdings Inc
NYSE:HLT
29.8
20%
1.5
US
Carnival Corp
NYSE:CCL
9.2
7%
1.3
CN
Trip.com Group Ltd
HKEX:9961
19.5
19%
1
UK
Carnival PLC
LSE:CCL
350.3
8%
43.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
SG
Hotel Properties Ltd
SGX:H15
Average EV/EBIT: 97.9
43.4
N/A N/A
US
Booking Holdings Inc
NASDAQ:BKNG
23.7
12%
2
MY
G
Grand Central Enterprises Bhd
KLSE:GCE
Negative Multiple: -22 103.1 N/A N/A
CN
H
H World Group Ltd
BMV:HTHTN
195.8
14%
14
US
Royal Caribbean Cruises Ltd
NYSE:RCL
25.1
14%
1.8
US
Airbnb Inc
NASDAQ:ABNB
29.8
13%
2.3
US
Marriott International Inc
NASDAQ:MAR
23.2
11%
2.1
US
Hilton Worldwide Holdings Inc
NYSE:HLT
31.7
18%
1.8
US
Carnival Corp
NYSE:CCL
14.9
9%
1.7
CN
Trip.com Group Ltd
HKEX:9961
20.6
18%
1.1
UK
Carnival PLC
LSE:CCL
570.9
9%
63.4