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Consumer Services

Minor International Public Co., Ltd.

  • 33.75 THB
  • +1.25
  • +3.85%
  • Thailand
    Jun 21, 2018
  • Ticker
    BKK(MINT)
  • Prev. close
    32.50
  • Market cap (THB)
    150,114.71M
  • Market cap (USD)
    4,553.06M
  • Shares
    4,618.91M

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.

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.

Financial Highlights

Dec 2017 THBUSD
Revenue53,336.27M1,571.78M
Gross Profit29,168.83M859.58M
Operating income2,905.26M85.61M
Income before tax5,332.77M157.15M
Net income5,415.39M159.58M
EBITDA6,924.92M204.07M
Diluted EPS1.210.03
Dividends Per Share0.400.01
Total Assets118,443.55M3,634.35M
Total liabilities68,422.62M2,099.49M
Total equity47,328.59M1,452.24M
Operating cash flow7,273.08M214.33M
Currency in THBCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 34,668.72M 36,988.96M 41,558.17M 49,535.23M 53,336.27M
Gross Profit 19,115.97M 20,529.58M 22,561.47M 26,426.16M 29,168.83M
Operating income 3,742.58M 3,271.84M 2,636.84M 2,050.08M 2,905.26M
Income before tax 4,326.76M 4,075.57M 6,291.65M 7,249.40M 5,332.77M
Net income 4,101.38M 4,401.78M 7,040.16M 6,589.99M 5,415.39M
EBITDA 6,207.66M 6,147.36M 5,592.90M 5,730.76M 6,924.92M
Diluted EPS 0.94 1 1.59 1.49 1.21
Dividends Per Share 0.31 0.22 0.35 0.35 0.40
Total Assets 59,936.26M 74,279.14M 98,381.55M 108,453.14M 118,443.55M
Total liabilities 33,061.59M 44,254.68M 61,670.39M 67,656.32M 68,422.62M
Total equity 25,090.40M 28,056.71M 32,802.52M 37,401.72M 47,328.59M
Operating cash flow 5,703.34M 5,425.39M 3,269.70M 7,167.32M 7,273.08M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 1,128.19M 1,138.69M 1,212.57M 1,404.03M 1,571.78M
Gross Profit 622.07M 631.99M 658.29M 749.02M 859.58M
Operating income 121.79M 100.72M 76.93M 58.10M 85.61M
Income before tax 140.80M 125.46M 183.57M 205.47M 157.15M
Net income 133.46M 135.50M 205.41M 186.78M 159.58M
EBITDA 202.01M 189.24M 163.18M 162.43M 204.07M
Diluted EPS 0.03 0.03 0.04 0.04 0.03
Dividends Per Share 0.01 0.00 0.01 0.00 0.01
Total Assets 1,823.98M 2,257.72M 2,733.96M 3,028.52M 3,634.35M
Total liabilities 1,006.13M 1,345.12M 1,713.78M 1,889.28M 2,099.49M
Total equity 763.55M 852.78M 911.56M 1,044.43M 1,452.24M
Operating cash flow 185.60M 167.01M 95.40M 203.15M 214.33M

Valuation Measures

Dec 2017
PER35.88
ROA4.77%
ROE12.78%
Operating margin5.44%
Profit margin10.15%

Key executives

  • 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

Shareholders

  • Minor Holdings (Thai) Ltd. (15.7%)
  • YAN ZHI /ZALL/ (13.3%)
  • OSATHANUGRAH NITTI (7.9%)
  • HEINECKE WILLIAM ELLWOOD (2.5%)
  • The Vanguard Group, Inc. (2.4%)
  • Social Security Office of Thailand (2.1%)
  • Estate Of Adulyadej Bhumibol (2.0%)
  • THADANI ANIL (1.2%)
  • Norges Bank Investment Management (0.9%)
  • Bank of Singapore Ltd. (0.9%)

Contact Details

  • 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

Related Companies

  • Lodging Investment (Labuan) Ltd.
  • Minor Continental Holding (Mauritius)
  • MSPA Cairo Ltd.
  • Jada Resort & Spa Pvt Ltd.
  • MHG Hotel Holding Australia Pty Ltd.
  • Maifad Beach Resort Ltd.
  • Chao Phaya Resort & Residence Ltd.
  • Coco Residence Ltd.
  • Minor Information Technology Ltd.
  • Phuket Beach Residence Ltd.
  • MI Squared Ltd.
  • Samui Beach Residence Ltd.
  • RNS Holdings Ltd.
  • Royal Garden Entertainment Ltd.
  • Royal Garden Plaza Ltd.
  • Minor Hotel Group Ltd.
  • Samui Village Ltd.
  • MSpa International Ltd.
  • Maerim Terrace Resort Ltd.
  • Chao Phaya Resort Ltd.
  • Delicious Food Holding (Australia) Pty Ltd.
  • Minor DKL Food Group Pty Ltd.
  • Hua Hin Resort Ltd.
  • Minor Food Group PCL
  • China Food Group Ltd.
  • Royal Garden Hotel Management Ltd.
  • COCO Palm Hotel & Resort Co. Ltd.
  • RGR International Co. Ltd.
  • Royal Garden Development Co. Ltd.
  • Thai Asset Management Property Fund

Competitors

    Last Updated on 21 Jun, 2018

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