BANYAN TREE Reports 21.2% Increase in Revenue and 92.2% Increase in Net Income for Q2 2023
August 13, 2023
☀️Earnings Overview
For the quarter ending June 30 2023, BANYAN TREE ($SGX:B58) reported total revenue of SGD 143.8 million, an increase of 21.2% year-over-year from the quarter ending June 30 2022. Additionally, the company posted net income of SGD 0.98 million, representing a 92.2% increase from the same period the previous year.
Analysis
GoodWhale has conducted a financial assessment of BANYAN TREE and has determined that it is a medium risk investment in terms of financial and business aspects. This is based on their Risk Rating system, which takes into account various factors including income statements, balance sheets, liquidity ratios, leverage ratios, and profitability ratios. GoodWhale has also identified two risk warnings within the income sheet and balance sheet of BANYAN TREE. These risk warnings indicate that investors should exercise caution when investing in BANYAN TREE, as the company may not be able to fulfill its financial obligations or has taken on excessive debt. To find out more information about these risk warnings, investors should register on goodwhale.com and view the financial assessment. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Banyan Tree. More…
| Total Revenues | Net Income | Net Margin |
| 296.45 | 1.23 | -2.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Banyan Tree. More…
| Operations | Investing | Financing |
| 95.94 | -22.2 | -126.76 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Banyan Tree. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.38k | 850.73 | 0.56 |
Key Ratios Snapshot
Some of the financial key ratios for Banyan Tree are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.8% | 314.0% | 6.5% |
| FCF Margin | ROE | ROA |
| 24.5% | 2.5% | 0.9% |
Peers
The competition between Banyan Tree Holdings Ltd and its competitors, InterContinental Hotels Group PLC, Laguna Resorts & Hotels PCL, and Shangri-La Asia Ltd, is fierce. With each company vying to provide the best and most luxurious services to their customers, it is no surprise that they continually strive to outdo each other.
– InterContinental Hotels Group PLC ($LSE:IHG)
InterContinental Hotels Group PLC is a British multinational hospitality company, specializing in managing and franchising hotels, resorts, and vacation properties. The company is headquartered in Denham, Buckinghamshire, England. As of 2021, it has a market capitalization of 9.96 billion dollars and a Return on Equity of -32.31%. The market capitalization is the estimated value of the company based on its current stock price and the total number of outstanding shares. Return on Equity (ROE) is a measure of a company’s financial performance which calculates how much profit a company generates with the money shareholders have invested. Negative ROE implies that the company is not generating enough profit to cover its costs and can be a warning sign for investors.
– Laguna Resorts & Hotels PCL ($SET:LRH)
Laguna Resorts & Hotels PCL is a hospitality and leisure company offering a wide range of services for travelers. With a market capitalization of 6.58 billion as of 2023, the company is one of the largest hospitality players in Thailand. The company’s return on equity (ROE) stands at 1.57%, reflecting that the company is generating a good return on its investments. In addition to offering hotel services, the company also operates restaurants, spas, golf courses, and other tourism services.
– Shangri-La Asia Ltd ($SEHK:00069)
Shangri-La Asia Ltd is a Hong Kong-based multinational hospitality company. It owns and operates several luxury hotels and resorts across Asia, Europe, North America and the Middle East. As of 2023, Shangri-La Asia Ltd has a market capitalization of 21.87 billion and a return on equity of 0.49%. The company’s market cap reflects the overall size of its operations and its ability to generate profits for its shareholders. Its return on equity indicates its ability to generate returns on the shareholder’s investments.
Summary
Banyan Tree‘s second quarter ending June 30, 2023 saw an impressive 21.2% year-on-year increase in total revenue to SGD 143.8 million. What’s more, the company reported a significantly higher 92.2% net income growth compared to the same period in the year prior, amounting to SGD 0.98 million. All in all, these results demonstrate strong financial performance and make Banyan Tree an attractive investment option for investors with an eye on the hospitality sector.
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