PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

 1,455.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 1,495.00
  • 52 Week Low: 1,005.00
  • Currency: UK Pounds
  • Shares Issued: 42.06m
  • Volume: 3,863
  • Market Cap: £612.02m
  • RiskGrade: 183

Key Financials

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 3.0% 1.2% 0.0% 0.0% 0.9%
           
Continuing Operations          
PE Ratio - Adjusted 22.6 52.5 n/a n/a 23.1
PE Ratio - Diluted 22.6
22.7		 52.5
52.7		 n/a
n/a		 n/a
n/a		 23.1
23.1
PEG - Adjusted 0.2 n/a n/a n/a n/a
PEG - Diluted 0.2
0.2		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 14.55%
14.55%		 14.24%
14.24%		 (18.25%)
(18.25%)		 (57.96%)
(57.96%)		 18.86%
18.86%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 22.6 52.5 n/a n/a 23.1
PE Ratio - Diluted 22.6
22.7		 52.5
52.7		 n/a
n/a		 n/a
n/a		 23.1
23.1
PEG - Adjusted 0.2 n/a n/a n/a 0.0
PEG - Diluted 0.2
0.2		 n/a
n/a		 n/a
n/a		 n/a
n/a		 0.0
0.0

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 236.07% 222.54% 226.71% 207.76% 139.21%

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value 1.0 1.1 1.4 1.5 1.7
Price/Tangible Book Value 1.7 1.8 2.3 2.0 2.2
Price/ Cash Flow 6.5 9.4 (63.6) (20.4) 9.8
Price/Revenue 1.23 1.62 426.86 5.76 2.19
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 1,228.63¢ 1,153.35¢ 1,017.70¢ 911.79¢ 1,091.56¢
Net Cash per Share n/a n/a n/a n/a n/a

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 414.60 330.09 1.43 101.79 357.69
EBITDA 105.39
105.39		 87.00
87.00		 (0.70)
(0.70)		 (59.00)
(59.00)		 67.46
67.46
Depreciation (45.07)
(45.07)		 (40.01)
(40.01)		 0.44
0.44		 n/a
n/a		 n/a
n/a
Net Interest (31.39)
(31.39)		 (35.74)
(35.74)		 (0.31)
(0.31)		 (34.87)
(34.87)		 (29.17)
(29.17)
Profit Before Tax 28.82
28.82		 11.46
11.46		 (0.58)
(0.58)		 (94.69)
(94.69)		 38.48
38.48
           
Revenue per Share 978.63¢ 776.26¢ 3.35¢ 239.69¢ 843.79¢
Pre-Tax Profit per Share 68.03¢
68.03¢		 26.94¢
26.94¢		 (1.37¢)
(1.37¢)		 (222.97¢)
(222.97¢)		 90.77¢
90.77¢
Market Capitalisation   (Millions) 508.36 534.72 635.05 611.99 820.43
Enterprise Value (EV)   (Millions) 1,394.49 1,390.23 1,397.97 1,364.57 1,489.93
EBITDA/EV 7.56%
7.56%		 6.26%
6.26%		 (0.05%)
(0.05%)		 (4.32%)
(4.32%)		 4.53%
4.53%
Operating Margin 14.55%
14.55%		 14.24%
14.24%		 (18.25%)
(18.25%)		 (57.96%)
(57.96%)		 18.86%
18.86%
Capital Employed   (Millions) 1,424.65 1,366.42 1,213.34 1,158.44 1,153.64
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital   (Millions) 325.69 326.31 290.76 323.47 389.95
           
Earnings per Share - Basic 53.00p
52.91p		 24.00p
23.89p		 (1.24p)
(122.54p)		 (192.00p)
(192.46p)		 80.00p
80.00p
Earnings per Share - Diluted 53.00p
52.91p		 24.00p
23.89p		 (1.24p)
(122.54p)		 (192.00p)
(192.46p)		 80.00p
80.00p
Earnings per Share - Adjusted 53.00p 24.00p (1.24)p (192.00)p 80.00p
Earnings per Share Growth - Basic 121%
122%		 n/a
n/a		 n/a
n/a		 n/a
n/a		 -11%
-29%
Earnings per Share Growth - Diluted 121%
122%		 n/a
n/a		 n/a
n/a		 n/a
n/a		 -11%
-29%
Earnings per Share Growth - Adjusted 121% n/a n/a n/a -11%
PE Ratio - Diluted 22.6
22.7		 52.5
52.7		 n/a
n/a		 n/a
n/a		 23.1
23.1
PEG - Diluted 0.2
0.2		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Tax Rate 5.80% (29.82%) 8.89% 0.77% (10.72%)
Dividend Cover 1.47
1.47		 1.60
1.59		 n/a
n/a		 n/a
n/a		 4.71
4.71
Interest Cover 1.80
1.80		 1.31
1.31		 (0.83)
(0.83)		 (1.69)
(1.69)		 2.20
2.20
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 53.00p
52.91p		 24.00p
23.89p		 (0.013p)
(1.24p)		 (192.00p)
(192.46p)		 80.00p
80.00p
Earnings per Share - Diluted 53.00p
52.91p		 24.00p
23.89p		 (0.013p)
(1.24p)		 (192.00p)
(192.46p)		 80.00p
80.00p
Earnings per Share - Adjusted 53.00p 24.00p (0.013p) (192.00p) 80.00p
Earnings per Share Growth - Basic 121%
122%		 n/a
n/a		 n/a
n/a		 n/a
n/a		 612%
467%
Earnings per Share Growth - Diluted 121%
122%		 n/a
n/a		 n/a
n/a		 n/a
n/a		 612%
467%
Earnings per Share Growth - Adjusted 121% n/a n/a n/a 612%
PE Ratio - Diluted 22.6
22.7		 52.5
52.7		 n/a
n/a		 n/a
n/a		 23.1
23.1
PEG - Diluted 0.2
0.2		 n/a
n/a		 n/a
n/a		 n/a
n/a		 0.0
0.0
Dividend Cover 1.47
1.47		 1.60
1.59		 n/a
n/a		 n/a
n/a		 4.71
4.71
Return on Equity (ROE) 6.88%
6.88%		 3.11%
3.11%		 (0.18%)
(0.18%)		 (25.27%)
(25.27%)		 8.70%
8.70%
Operating Cash Flow per Share 184.94¢ 133.36¢ (0.23¢) (67.60¢) 189.08¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (26.19¢) 52.49¢ 0.63¢ (100.63¢) (115.13¢)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 36.00p 15.00p n/a n/a 17.00p
Dividend per Share Growth 140.00% n/a n/a n/a (51.43%)
Dividend Yield 3.0% 1.2% 0.0% 0.0% 0.9%
Shareholders Funds 314.58 315.06 278.47 309.60 377.30
Net Borrowings   (Millions) 742.62 701.14 631.32 643.20 525.23
Net Asset Value per Share (inc. Intangibles) 717.38¢ 710.80¢ 621.03¢ 687.24¢ 847.49¢

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 314.58 315.06 278.47 309.60 377.30
Net Borrowings   (Millions) 742.62 701.14 631.32 643.20 525.23
Net Gearing 236.07% 222.54% 226.71% 207.76% 139.21%
Cash & Near Cash 150.42 163.59 136.80 114.17 153.03
Cash 47.81% 51.92% 49.13% 36.88% 40.56%
Gross Borrowings 893.04 864.73 768.12 757.37 678.26
Gross Gearing 283.88% 274.47% 275.84% 244.63% 179.77%
Borrowings Under 5 years 893.04 864.73 768.12 757.37 678.26
Under 5 years 283.88% 274.47% 275.84% 244.63% 179.77%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 303.92 302.25 264.18 291.84 359.26
Net Borrowings   (Millions) 742.62 701.14 631.32 643.20 525.23
Net Gearing 244.35% 231.97% 238.98% 220.40% 146.20%
Cash & Near Cash 150.42 163.59 136.80 114.17 153.03
Cash 49.49% 54.12% 51.78% 39.12% 42.60%
Gross Borrowings 893.04 864.73 768.12 757.37 678.26
Gross Gearing 293.84% 286.10% 290.76% 259.52% 188.79%
Borrowings Under 5 years 893.04 864.73 768.12 757.37 678.26
Under 5 years 293.84% 286.10% 290.76% 259.52% 188.79%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio 1.40 1.48 1.55 1.38 2.67
Current Ratio 1.42 1.50 1.57 1.40 2.70

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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