Asia300

Minor International Public Co., Ltd.

Thailand

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May 26, 2017
Prev close: 37.5
May 26, 2017
Market cap:
Market cap(USD):
165,390M
4,859.32M
Shares: 4,410.39M

Currency in THB

Company profile

Market(Ticker): BKK(MINT)
Sector:
Industry:
Consumer Services
Hotels/Resorts/Cruiselines
Full time employees: --

Business summary

Minor International Public Co., Ltd. engages in the ownership and operation of hotels and resorts. It operates through four segments: Hotel and Spa, Mixed Use, Restaurant, and Retail. The company was founded in 1978 and is headquartered in Bangkok, Thailand.

Company background

Minor International is a Thai conglomerate that runs hotels and restaurants in and outside its home market. Its network, built up through an aggressive acquisition strategy, includes more than 100 hotels and nearly 1,600 restaurants.

CEO William Heinecke founded the company in 1978, with a small hotel in Thailand's resort area of Pattaya. He expanded into the food business with a pizzeria in 1980.

Heinecke, born in the U.S. in 1949, moved to Thailand with his parents when he was still a student. He made the country his home and eventually gave up his American citizenship. Heinecke also serves as an independent director of Indorama Ventures, a Thai maker of polyethylene terephthalate, better known as PET.

Currently, Minor draws about half of its revenue from hotels and about 40% from restaurants. The rest comes from retail trading.

Under licenses, the company operates hotels of global brands including Marriott and Four Seasons, alongside its own chains, such as Anantara and Avani. In 2011, it acquired a majority stake in Australia's Oaks Hotels and Resorts.

Along with its own pizza chain, Pizza Company, Minor owns the master franchise rights of U.S. ice cream parlor Swensen's in 32 countries.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 49,535.23M
Gross profit 26,426.16M
Operating income 2,297.95M
Income before tax 7,249.40M
Net income 6,589.99M
EBITDA 5,978.62M
Diluted EPS 1.49
Dividends per share 0.35
Total assets 108,453.14M
Total liabilities 67,656.32M
Total equity 37,401.72M
Operating cash flow 7,167.32M

Currency in THB

Revenue 1,404.03M
Gross profit 749.02M
Operating income 65.13M
Income before tax 205.47M
Net income 186.78M
EBITDA 169.45M
Diluted EPS 0.04
Dividends per share 0.00
Total assets 3,028.52M
Total liabilities 1,889.28M
Total equity 1,044.43M
Operating cash flow 203.15M

Currency in USD

Valuation measures

Dec 2016

PER 23.90
ROA 6.37%
ROE 18.77%
Operating margin 4.63%
Profit margin 13.30%

Key executive

  • Chairman & Chief Executive Officer: William Ellwood Heinecke
  • Chief Operating Officer & Director: Emmanuel Jude Dillipraj Rajakarier
  • Chief Financial Officer: Brian Delaney
  • Chief Information Officer: Steve Delano Herndon
  • Vice President-Investment & Acquisitions: Kosin Chantikul

Share holders

  • Minor Holdings (Thai) Ltd.(16.5%)
  • OSATHANUGRAH NITTI(7.8%)
  • HEINECKE WILLIAM ELLWOOD(2.7%)
  • The Vanguard Group, Inc.(2.1%)
  • ADULYADEJ BHUMIBOL(2.1%)
  • Social Security Office of Thailand(1.6%)
  • THADANI ANIL(1.2%)
  • SSgA Funds Management, Inc.(1.1%)
  • Bank of Singapore Ltd.(0.9%)
  • Bangkok Rinvest Co. Ltd.(0.8%)

Address

  • Website: http://www.minorinternational.com
  • Address: 99 Berli Jucker House, Soi Rubia, Sukhumvit 42 Road, Kwaeng Phrakanong, Bangkok, 10110, Thailand
  • Phone: +66.2.365.6117

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