Hotel Property Investments Ltd
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 inc… Read more
Hotel Property Investments Ltd (HPI) - Net Assets
Latest net assets as of June 2024: AU$782.47 Million AUD
Based on the latest financial reports, Hotel Property Investments Ltd (HPI) has net assets worth AU$782.47 Million AUD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$1.29 Billion) and total liabilities (AU$506.34 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$782.47 Million |
| % of Total Assets | 60.71% |
| Annual Growth Rate | 10.8% |
| 5-Year Change | 65.78% |
| 10-Year Change | 159.13% |
| Growth Volatility | 11.76 |
Hotel Property Investments Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Hotel Property Investments Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hotel Property Investments Ltd (2013–2024)
The table below shows the annual net assets of Hotel Property Investments Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$782.47 Million | +0.29% |
| 2023-06-30 | AU$780.18 Million | -3.68% |
| 2022-06-30 | AU$809.97 Million | +40.86% |
| 2021-06-30 | AU$575.01 Million | +21.83% |
| 2020-06-30 | AU$472.00 Million | +10.56% |
| 2019-06-30 | AU$426.91 Million | +4.96% |
| 2018-06-30 | AU$406.73 Million | +5.04% |
| 2017-06-30 | AU$387.20 Million | +16.13% |
| 2016-06-30 | AU$333.41 Million | +10.42% |
| 2015-06-30 | AU$301.96 Million | +15.71% |
| 2014-06-30 | AU$260.96 Million | +3.10% |
| 2013-06-30 | AU$253.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hotel Property Investments Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 64497100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$365.27 Million | 46.68% |
| Common Stock | AU$417.26 Million | 53.33% |
| Other Comprehensive Income | AU$-57.00K | -0.01% |
| Total Equity | AU$782.47 Million | 100.00% |
Hotel Property Investments Ltd Competitors by Market Cap
The table below lists competitors of Hotel Property Investments Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Evertex Fabrinology Ltd
TW:1470
|
$26.53 Million |
|
Purit Co. Ltd.
KQ:445180
|
$26.53 Million |
|
Tailim Packaging Co Ltd
KO:011280
|
$26.54 Million |
|
Enegex Ltd
AU:ENX
|
$26.54 Million |
|
Busan Ind
KO:011390
|
$26.52 Million |
|
Covalon Technologies Ltd
OTCQX:CVALF
|
$26.51 Million |
|
Fountain Set (Holdings) Limited
F:FOV
|
$26.51 Million |
|
Huvis Corporation
KO:079980
|
$26.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hotel Property Investments Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 780,176,000 to 782,471,000, a change of 2,295,000 (0.3%).
- Net income of 35,995,000 contributed positively to equity growth.
- Dividend payments of 34,084,000 reduced retained earnings.
- Share repurchases of 287,000 reduced equity.
- Other comprehensive income decreased equity by 537,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$35.99 Million | +4.6% |
| Dividends Paid | AU$34.08 Million | -4.36% |
| Share Repurchases | AU$287.00K | -0.04% |
| Other Comprehensive Income | AU$-537.00K | -0.07% |
| Other Changes | AU$1.21 Million | +0.15% |
| Total Change | AU$- | 0.29% |
Book Value vs Market Value Analysis
This analysis compares Hotel Property Investments Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.93x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.97x to 0.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-06-30 | AU$1.90 | AU$3.75 | x |
| 2014-06-30 | AU$1.96 | AU$3.75 | x |
| 2015-06-30 | AU$2.13 | AU$3.75 | x |
| 2016-06-30 | AU$2.28 | AU$3.75 | x |
| 2017-06-30 | AU$2.65 | AU$3.75 | x |
| 2018-06-30 | AU$2.79 | AU$3.75 | x |
| 2019-06-30 | AU$2.93 | AU$3.75 | x |
| 2020-06-30 | AU$3.15 | AU$3.75 | x |
| 2021-06-30 | AU$3.44 | AU$3.75 | x |
| 2022-06-30 | AU$4.29 | AU$3.75 | x |
| 2023-06-30 | AU$4.02 | AU$3.75 | x |
| 2024-06-30 | AU$4.01 | AU$3.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hotel Property Investments Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 43.78%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.65x
- Recent ROE (4.60%) is below the historical average (14.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 15.51% | 53.59% | 0.15x | 1.92x | AU$13.95 Million |
| 2014 | 22.72% | 116.39% | 0.10x | 1.92x | AU$33.20 Million |
| 2015 | 11.74% | 78.96% | 0.08x | 1.89x | AU$5.24 Million |
| 2016 | 18.03% | 125.60% | 0.08x | 1.80x | AU$26.79 Million |
| 2017 | 25.54% | 202.97% | 0.07x | 1.71x | AU$60.18 Million |
| 2018 | 11.90% | 96.29% | 0.07x | 1.73x | AU$7.71 Million |
| 2019 | 11.53% | 96.28% | 0.07x | 1.66x | AU$6.55 Million |
| 2020 | 8.67% | 75.68% | 0.07x | 1.68x | AU$-6.26 Million |
| 2021 | 14.73% | 140.87% | 0.06x | 1.67x | AU$27.22 Million |
| 2022 | 26.11% | 285.84% | 0.06x | 1.61x | AU$130.45 Million |
| 2023 | 0.46% | 4.50% | 0.06x | 1.62x | AU$-74.43 Million |
| 2024 | 4.60% | 43.78% | 0.06x | 1.65x | AU$-42.25 Million |
Industry Comparison
This section compares Hotel Property Investments Ltd's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $1,272,635,070
- Average return on equity (ROE) among peers: -0.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hotel Property Investments Ltd (HPI) | AU$782.47 Million | 15.51% | 0.65x | $26.52 Million |
| Abacus Group (ABG) | $1.92 Billion | 12.53% | 0.46x | $267.17 Million |
| Fat Prophets Global Property Fund (FPP) | $19.80 Million | -20.58% | 0.00x | $5.39K |
| HMC Capital Ltd (HMC) | $1.88 Billion | 7.83% | 0.16x | $385.64 Million |