|
|
|
|
|
|
|
|
|
|
Strategic
decisions & Working Capital (WC)
|
|
|
|
Investment
decisions |
|
Modes of diversification
: |
|
Inter-Organizational relationships
: |
|
|
|
Others : |
|
|
Long-Term
Financial decisions |
|
|
|
Investment
analysis and decision |
|
|
|
|
|
|
|
|
|
Starworld
Inc., a Hospitality industry GROUP
Financial
Statements
Balance
Sheets |
In
million CHF |
|
End of year |
|
2021 |
|
|
Cash |
60 |
85 |
112 |
Accounts Receivable |
232 |
278 |
362 |
Inventory |
97 |
116 |
151 |
Prepaid Expenses |
35 |
20 |
55 |
Total of Current Assets |
424 |
499 |
680 |
Property & Equipment |
2104 |
2469 |
2639 |
Total of Assets |
2528 |
2968 |
3319 |
Bank Payable |
126 |
179 |
383 |
Accounts Payable |
116 |
139 |
181 |
Accruals |
36 |
45 |
55 |
Total Current Liabilities |
278 |
363 |
619 |
LT Debts |
1050 |
1100 |
1050 |
Common Stock |
900 |
1100 |
1100 |
Retained Earnings |
300 |
405 |
550 |
Total Owners' Equity |
1200 |
1505 |
1650 |
Total Liabilities & Equity |
2528 |
2968 |
3319 |
Income Statements |
In million CHF |
|
2021 |
|
|
Sales |
2'784 |
3341 |
4343 |
Total Revenues |
2'784 |
3'341 |
4'343 |
Cost of sales |
696 |
835 |
1086 |
Salaries & Wages |
750 |
850 |
1050 |
Depreciation |
300 |
350 |
400 |
Other Expenses |
560 |
630 |
765 |
Total Expenses |
2'306 |
2'665 |
3'301 |
EBIT |
478 |
676 |
1'042 |
Interest Expense |
42 |
33 |
21 |
PBT |
436 |
643 |
1'021 |
Income taxes |
131 |
193 |
306 |
PAT |
305 |
450 |
715 |
|
2021 |
|
|
Number of hotels |
150 |
175 |
180 |
Number of rooms |
37.500 |
43.750 |
45.000 |
Occupancy rate |
65 % |
68 % |
70 % |
Other
usefull Informations for financial analysis
Balance sheet at book
value
|
2021 |
|
|
Fixed Asset |
2104 |
2469 |
2639 |
Working Capital |
146 |
136 |
61 |
Total of Asset |
2250 |
2605 |
2700 |
Long Term Debt |
1 050 |
1 100 |
1 050 |
Equity |
1200 |
1505 |
1650 |
Total of financing |
2250 |
2605 |
2700 |
Balance sheet at market
value
Starworld
Group |
End of Year |
|
2021 |
|
|
Long Term Debt |
1 050 |
1 100 |
1 050 |
Equity |
1 602 |
2 024 |
2 244 |
Market value of the group |
2 652 |
3 124 |
3 294 |
End
of year 2023 |
|
Return on the market 1990-2023
(Swiss Market Index) |
8,327 % |
Risk free rate (Bond rate of Federal State - 10 years - December 2023) |
0,656 % |
Bêta of share |
0,90 |
Interest rate of the company |
2 % |
Tax rate |
30 % |
Identification |
Stock market |
Zürich |
Symbol |
CH0000120404 |
Since |
19th july, 1994 |
Shareholding
|
Swiss institutional investors |
35 % |
International institutional
investors |
15 % |
Board of Directors & Management Board |
18 % |
Individuals |
32 % |
Share
price |
|
High |
Low |
Last |
2021 |
92.5 |
85.5 |
89.0 |
2022 |
96.0 |
88.0 |
92.0 |
2023 |
105.0 |
99.0 |
102.0 |
|
Number
of shares |
Market
capitalisation as of 12/31 |
2021 |
18 million |
1602
million CHF |
2022 |
22 million |
2024
million CHF |
2023 |
22 million |
2244
million CHF |
|
PER as
of 12/31 |
Dividend
Yield as of 12/31 |
2021 |
5.25 |
|
2022 |
4.50 |
17.05
% |
2023 |
3.14 |
25.39
% |
|
EPS |
Div.
per share |
EVA
(million CHF) |
EVA % |
2021 |
16.96 |
|
135.2 |
5.10 % |
2022 |
20.46 |
15.69 |
243.1 |
7.78 % |
2023 |
32.49 |
25.90 |
531.2 |
25.39 % |
© ECOFINE.COM, Bernard Jaquier, Professor Emeritus & Dr Honoris Causa, Switzerland 2024
|
|
|