Home inns equity, debt , and subsidiaries

Accuracy score :
97%

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%).