Risk factor
Good trading liquidity
Profitability factor
Slightly undervalued vs peers
About
Headquartered in Bangkok, Thailand, Minor International Public Company Limited, established in 1978, operates as a global hospitality, restaurant, and lifestyle conglomerate. Its activities are broadly categorized into four segments: Hotel, Mixed Use, Restaurant, and Retail, with operations spanning Thailand, China, Australia, and many other international markets. As of December 31, 2021, the company oversaw a vast restaurant network comprising approximately 2,389 outlets across 23 countries, featuring an array of popular brands including The Pizza Company, The Coffee Club, Bonchon, Swensen's, Sizzler, Dairy Queen, and Burger King. Minor International's substantial hotel portfolio includes the ownership, investment in, and operation of 520 hotels and serviced suites situated in 56 countries across diverse regions such as Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe, and the Americas. Notable hotel brands under its umbrella include Anantara, Avani, Oaks, Tivoli, NH Collection, Four Seasons, St. Regis, and JW Marriott. In its retail segment, the company distributes fashion and lifestyle products through roughly 386 points of sale, carrying brands like Anello, Charles & Keith, Esprit, and Zwilling J.A. Henckels, alongside providing online shopping and contract manufacturing services. Beyond these primary divisions, Minor International's diverse interests also extend to shopping malls, spas, supply chain management, property development and sales, a business school, and the manufacturing and sale of cheese and ice cream. The company, which was formerly known as Royal Garden Resorts Plc, adopted its current name in 2005.
Company Valuation
Considering past and projected metrics, the stock is slightly 'cheaper' than its peers. In particular, the stock is reasonably priced on P/E, of fair value on EV/EBITDA,