Added to YB: 2023-02-24
Pitch date: 2023-02-24
ARNT.ZA [bullish]
Arena Hospitality Group d.d.
+14.36%
current return
Author Info
Company Info
Arena Hospitality Group d.d., together with its subsidiaries, owns, co-owns, leases, operates, and develops full-service upscale, upper upscale and lifestyle hotels, self-catering holiday apartment complexes, and campsites.
Market Cap
EUR 158.4M
Pitch Price
EUR 31.65
Price Target
N/A
Dividend
2.39%
EV/EBITDA
12.91
P/E
86.60
EV/Sales
2.67
Sector
Hotels, Restaurants and Leisure
Category
value
Not your typical asset-play ($ARNT)
ARNT.ZA: Arena Hospitality Group, owned by PPHE, trades at 0.53x book. Owns 29 properties (10.5K rooms) in attractive CEE locations. Camps segment has 40-45% EBITDA margins with upside from renovations. Debt secured at low fixed rates. Discount to NAV and peers despite quality assets. Catalysts: camp redevelopment, lapping 2021 lockdowns, investment cycle ending, pipeline progressing well.
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