Homeinns Hotel Group ADR HMIN
Summary (from latest annual report – 2014)
- Total equity : 814.36 million USD
- Market Cap is 1.6 billion USD ( last price of the stock is 34,10 USD)
- Homeinns Hotel Group is an economy hotel chain in China. The Company develops and operates economy hotels across China under Homeinn, Motel, Yitel and Fairyland brands
- Equity of total company increased from 713.8 million USD in 2013 to 814.36 million in 2014
- Company has 153 million USD in cash on account (at the end of 2014 year)
- Total equity – cash on account = 814.36 million usd – 153 million usd = 661.36 million usd
- In 2014 company has 165 million usd short-term debt, long – term debt was zero (In 2013 company had 114 million usd long-term debt , short-term debt was zero)
- Homeinns balance sheet has become stronger in 2014 (In latest annual report - total equity increased to 814.36 million USD from 713.8 in 2013, but total debt also increased in 2014 to 165 million usd from 114 million usd in 2013)
- Company's revenue increased in 2014 to 1.01 billion usd from 960 million in 2013 – very good numbers
- Net income increased in 2014 to 82 million usd from 31.5 million in 2013
- Cash flow from operations was 216.67 million usd in 2014
- In 2014 company paid 644 thousand usd dividend to its shareholders
- In October 2011, the Group completed the acquisition of 100% equity interest of Motel 168
- In May 2014, the Company completed the acquisition of 100% equity interest of Yunshang Siji Hotel Management Company ("Fairyland")
- Total equity of subsidiaries = Motel 168 (400 million usd) + Fairyland (20 million usd) + Yitel ( 30 million usd) = 450 million usd
Opinion about the company
Fundamentally it is a good company and in the future we can expect its growth (company has acceptable debt, ROE is around 7%).