Banyan Tree Holdings Ltd.

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See more articles on Banyan Tree Holdings Ltd.

Company Background

Banyan Tree Holdings owns, develops and manages through its subsidiaries resorts, spas, hotels and golf courses in over 10 countries in Asia, the Middle East and Africa. Banyan Tree is run by Ho Kwon Ping, who is the executive chairman and founder of the group. Born in Hong Kong, he was a journalist prior to entering the hotel industry. He is the largest shareholder of Banyan Tree along with his wife, Claire Chiang.

The company was launched in 1994 when it opened its first resort under the flagship Banyan Tree brand in Phuket, Thailand. It also develops residential properties and manages their retail sales. Although a large percentage of Banyan Tree's assets are in Thailand, the company is in the process of diversifying its geography, particularly in China and India. Its resorts have been attracting a growing number of Chinese tourists. The company is also venturing into the serviced apartment business as a core strategy for this expansion. In June 2014, it announced the launch of Cassia, which will focus on developing serviced apartments in Thailand, Sri Lanka, Australia, Japan, the U.S. and several other countries.

Business Summary

Banyan Tree Holdings Ltd. engages in the provision of project design and management services. It operates through the following segments: Hotel Investments, Property Sales, Fee-based, and Head Office. The Hotel Investment segment engages in hotel and restaurant operations. The Property Sales segment includes hotel residences, property sales, and development project sales. The Fee-based segment comprises the management and operation of hotels, resorts, clubs, funds, spas, galleries, and other related services. The Head Office segment relates to expenses incurred by corporate office. Banyan Tree Holdings was founded by Kwon Ping Ho in 1984 and is headquartered in Singapore.

Financial Highlights

Dec 2019	SGD	USD
Revenue	346.95M	254.32M
Gross Profit	152.18M	111.55M
Operating income	84.95M	62.27M
Income before tax	13.47M	9.87M
Net income	0.65M	0.47M
EBITDA	108.66M	79.65M
Diluted EPS	0.00	0.00
Dividends Per Share	--	--
Total Assets	1,743.86M	1,296.89M
Total liabilities	996.45M	741.05M
Total equity	674.23M	501.42M
Operating cash flow	1.73M	1.26M
	Currency in SGD	Currency in USD

Historical Data

SGD | USD

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	370.68M	309.56M	317.51M	329.04M	346.95M
Gross Profit	158.18M	131.14M	136.78M	145.69M	152.18M
Operating income	1.27M	-2.84M	17.90M	16.30M	84.95M
Income before tax	-19.43M	0.67M	22.65M	24.96M	13.47M
Net income	-27.51M	-16.19M	12.92M	13.47M	0.65M
EBITDA	25.06M	22.21M	43.01M	38.67M	108.66M
Diluted EPS	-0.03	-0.02	0.01	0.01	0.00
Dividends Per Share	0	0	0.01	0.01	--
Total Assets	1,592.97M	1,608.22M	1,679.74M	1,633.80M	1,743.86M
Total liabilities	884.86M	867.33M	902.21M	914.04M	996.45M
Total equity	548.79M	564.48M	600.62M	646.12M	674.23M
Operating cash flow	-110.72M	-6.23M	0.46M	19.48M	1.73M

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	269.54M	224.21M	230.00M	243.86M	254.32M
Gross Profit	115.02M	94.98M	99.08M	107.98M	111.55M
Operating income	0.93M	-2.06M	12.97M	12.08M	62.27M
Income before tax	-14.12M	0.49M	16.41M	18.50M	9.87M
Net income	-20.01M	-11.73M	9.36M	9.98M	0.47M
EBITDA	18.22M	16.08M	31.16M	28.66M	79.65M
Diluted EPS	-0.02	-0.01	0.01	0.01	0.00
Dividends Per Share	0	0	0.00	0.00	--
Total Assets	1,122.88M	1,113.18M	1,256.91M	1,198.68M	1,296.89M
Total liabilities	623.73M	600.35M	675.10M	670.61M	741.05M
Total equity	386.84M	390.72M	449.43M	474.04M	501.42M
Operating cash flow	-80.51M	-4.51M	0.33M	14.44M	1.26M

Valuation Measures

Dec 2019
PER	525
ROA	0.03%
ROE	0.09%
Operating margin	24.48%
Profit margin	0.18%

Key executives

Group Managing Director, Group MD & Executive VP: Hock Lye See
SVP & Managing Director-Retail Operations: Claire See Ngoh Chiang
Senior Vice President & Group Chief Designer: Kwon Cjan Ho
Senior Vice President & MD-Architrave: Dharmali Kusumadi
Senior Vice President & MD-Spa Operations: Shankar Chandran

Shareholders

HO FAMILY /SG/ (34.8%)
Qatar Investment Authority (Investment Company) (17.8%)
Qatar Holding LLC (6.6%)
Platinum Enterprise Ltd. (SG) (3.6%)
HO KWON CJAN (1.9%)
Freesia Investments Ltd. (1.1%)
Li-Ho Holdings Pte Ltd. (1.0%)
Dimensional Fund Advisors LP (0.7%)
Nikko Asset Management Asia Ltd. (0.4%)
Banyan Tree Holdings Ltd. (0.1%)

Contact Details

Website:http://www.banyantree.com
Phone: +65.6849.5888

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Competitors

Hyatt Hotels Corporation Class A
Dusit Thani Public Co. Ltd.

Last Updated on 27 Mar, 2020