PLAYA HOTELS & RESORTS N.V Reports Q2 FY 2023 Earnings Results for June 30th 2023
August 8, 2023
🌥️Earnings Overview
For the second quarter of fiscal year 2023, PLAYA HOTELS & RESORTS N.V ($NASDAQ:PLYA) reported total revenue of USD 248.0 million – a 12.1% increase from the same period in the previous year. However, net income decreased by 32.4%, amounting to USD 20.6 million, year over year. The quarter ended on June 30th 2023.
Share Price
On Thursday, PLAYA HOTELS & RESORTS N.V reported its earnings results for the second quarter of FY 2023 ending on June 30th. The stock opened at $7.9 and closed at $7.4, representing a drop of 7.5% from its prior closing price of 8.0. PLAYA HOTELS & RESORTS N.V also announced a strategic partnership with Sandos Resorts International to expand their portfolio of resorts in Mexico and the Caribbean. The strategic partnership will enable PLAYA HOTELS & RESORTS N.V to further cement its position as a global leader in leisure hospitality services.
In addition, PLAYA HOTELS & RESORTS N.V announced a new loyalty program which will provide an array of rewards for their loyal customers. The loyalty program will include discounts on hotel stays, priority reservations, and free upgrades for frequent guests who book directly through PLAYA HOTELS & RESORTS N.V’s website. Overall, PLAYA HOTELS & RESORTS N.V had a successful quarter despite the decrease in stock price, and they are looking forward to the future opportunities that their strategic partnership and loyalty program will bring. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PLYA. More…
| Total Revenues | Net Income | Net Margin |
| 937.26 | 46.79 | 5.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PLYA. More…
| Operations | Investing | Financing |
| 128.04 | -16.31 | -191.68 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PLYA. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.04k | 1.37k | 4.45 |
Key Ratios Snapshot
Some of the financial key ratios for PLYA are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.3% | 56.7% | 15.3% |
| FCF Margin | ROE | ROA |
| 9.8% | 13.4% | 4.4% |
Analysis
At GoodWhale, we conducted an analysis of PLAYA HOTELS & RESORTS N.V.’s wellbeing. Our Star Chart showed that PLAYA HOTELS & RESORTS N.V is strong in growth, medium in asset, profitability and weak in dividend. Based on these results, we classified PLAYA HOTELS & RESORTS N.V as a ‘cheetah’ type of company, meaning they have achieved high revenue or earnings growth but are considered less stable due to lower profitability. Given the risk tolerance associated with such a company, we expect that investors likely to be interested in PLAYA HOTELS & RESORTS N.V may be those with higher risk appetites who are actively seeking out high-growth stocks for potential capital gains. What’s more, PLAYA HOTELS & RESORTS N.V has an intermediate health score of 6/10 considering its cash flows and debt. This indicates that the company is likely to be able to pay off debt and fund future operations. More…
Peers
The company’s competitors include Kangwon Land Inc, Lampsa Hotel Co, and PT Sinergi Megah Internusa Tbk.
– Kangwon Land Inc ($KOSE:035250)
Kangwon Land, Inc. is a casino resort developer and operator in South Korea. The Company’s casino business consists of foreign visitors exclusive casinos, ancillary facilities and membership programs. The Company operates through two segments: Casino Business and Construction Business. The Casino Business segment includes casino operations, related food and beverage sales, accommodation sales and other ancillary services. The Construction Business segment is engaged in the construction of buildings, roads and other infrastructure.
– Lampsa Hotel Co ($LTS:0F21)
PT Sinergi Megah Internusa Tbk is an Indonesian holding company that engages in the management of its subsidiaries. The company’s subsidiaries include PT Indosiar Visual Mandiri, which is engaged in television broadcasting; PT First Media Tbk, which is engaged in the provision of pay TV and broadband services; PT Link Net Tbk, which is engaged in the provision of pay TV and broadband services; and PT Trans Media Corpora, which is engaged in the provision of pay TV and broadband services.
Summary
PLAYA HOTELS & RESORTS N.V reported their second quarter of fiscal 2023 earnings results, showing an increase in total revenue of 12.1% year-over-year to USD 248.0 million, however, net income decreased by 32.4% over the same period to USD 20.6 million. This decrease in net income caused the stock price to move down the same day. Investors should analyze the company’s performance and results to better understand the current market sentiment and make more informed decisions when it comes to investing in this company.
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