What might EVT be worth?

I do wonder what it will take EVT to move towards a MC matching their NTA?

Some reflections looking at EVT in REAL terms for past 10 years!:

Big Property Portfolio:

EVT:

The Group’s property portfolio is independently valued at leastevery three years and updated independent valuations were obtained in the prioryear for the majority of the Group’s property portfolio. The overallindependent value of theGroup’s property portfolio is approximately $ 2,292.3million. The Group’s property strategy is to own hotel properties in keycity locations that support the growth of the Group’s hotel brands, to developassets, and divest underperforming and non-core assets to recycle capital intogrowth projects. The normalised EBITDA for the Group’s Property division was $7.1million, up $0.1 million (0.9%) on the prior year.

Market Cap.:


10 Year performance:

Property being such a large part of the business - they advise it does get updated values & inflation in the past 10 years has been eroding real values ie. Share Prices - just what might the realisable value of EVT properties make? Largely property has kept up with OR outperformed inflation these past 10 years.

SP appears to been treated harshly from the 2021 peak!?

Inflation over 9 years - reflecting REAL TERM value of EVT eroded:

		Inflation	Inflation	21/02/7655
	Year	Increase	adjusted	SP today n 2015
			100%	$10.56
	2023	4.05%	95.9500%
	2022	7.83%	88.4371%
	2021	3.50%	85.3418%
	2020	0.86%	84.6079%
	2019	1.84%	83.0511%
	2018	1.78%	81.5728%
	2017	1.91%	80.0147%
	2016	1.48%	78.8305%
	2015	1.69%	77.4983%	$8.18
				9 Years
				current 2024 value

Now look at the XAO over 10 years : (UP approx. nearly 19%!!!) - further increases the REAL under-performance of EVT?



Would be pleased if others think my numbers might be out!?

Perhaps the market just doesn't have a handle on what might be the likely realisable value of EVT? Has the market over-reacted?

What might it take to see EVT move back towards the $16 levels?

I do wonder what it will take EVT to move towards a MC matching their NTA?

Some reflections looking at EVT in REAL terms for past 10 years!:

Big Property Portfolio:

EVT:

The Group’s property portfolio is independently valued at least every three years and updated independent valuations were obtained in the prior year for the majority of the Group’s property portfolio. The overall independent value of theGroup’s property portfolio is approximately $ 2,292.3million. The Group’s property strategy is to own hotel properties in key city locations that support the growth of the Group’s hotel brands, to develop assets, and divest underperforming and non-core assets to recycle capital into growth projects. The normalised EBITDA for the Group’s Property division was $7.1million, up $0.1 million (0.9%) on the prior year.

Market Cap.:


10 Year performance:

Property being such a large part of the business - they advise it does get updated values & inflation in the past 10 years has been eroding real values ie. Share Prices - just what might the realisable value of EVT properties make? Largely property has kept up with OR outperformed inflation these past 10 years.

SP appears to been treated harshly from the 2021 peak!?

Inflation over 9 years - reflecting REAL TERM value of EVT eroded:

		Inflation	Inflation	21/02/7655
	Year	Increase	adjusted	SP today n 2015
			100%	$10.56
	2023	4.05%	95.9500%
	2022	7.83%	88.4371%
	2021	3.50%	85.3418%
	2020	0.86%	84.6079%
	2019	1.84%	83.0511%
	2018	1.78%	81.5728%
	2017	1.91%	80.0147%
	2016	1.48%	78.8305%
	2015	1.69%	77.4983%	$8.18
				9 Years
				current 2024 value

Now look at the XAO over 10 years : (UP approx. nearly 19%!!!) - further increases the REAL under-performance of EVT?



Would be pleased if others think my numbers might be out!?

Perhaps the market just doesn't have a handle on what might be the likely realisable value of EVT? Has the market over-reacted?

What might it take to see EVT move back towards the $16 levels?