Aitken Spence Hotel Holdings PLC

AHUN.N0000Moderately undervalued

Hotels & Tourism · Hotels/Resorts/Cruise lines

Aitken Spence Hotel Holdings PLC is the holding company for the Aitken Spence Hotels group and operates a portfolio of hotels and resorts across Sri Lanka, the Maldives, India and Oman.

AHUN shares are down 33.3% over the past year and last closed at Rs 80.00 on Sep 30, 2026.

Rs 80.00
-5.88%
Price history
-33.33%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+2.7-4.5-16.9+5.4-3.1-0.1-7.1+0.9-9.0+0.0+0.0+0.0
2025+4.6-5.7-3.0+1.2-2.0+2.6+2.4+4.6+37.7+2.5-8.1-0.9
2024-4.8+6.5+3.6+1.5-0.6-1.2-2.9-12.0+13.5-6.3+23.2+13.8
2023+6.9+5.6+6.1-4.1-3.4+0.0+25.9+6.4+5.5-15.3-5.1-0.9
2022+3.3-2.9-16.1-3.1-11.2-6.5+13.8+82.4+1.3-7.4-2.7-8.2
2021+6.7-14.8+4.0-8.0+0.7-0.3+16.0-9.9+44.5-8.0-6.8+14.7
2020-7.7-18.4-26.5+0.0+0.0-2.6-4.7+3.3+23.0-13.9+23.7+34.7
2019+0.0-9.3-4.1-8.5+5.1-3.1+9.1+0.0+5.4-0.8+10.0-1.5
2018+3.7+1.0+8.8-4.5-1.6-5.1-6.4-10.7+0.8+3.2+9.6-5.3
2017-4.2-4.6-11.1+13.6+0.0-5.0-5.3-7.2-5.7+1.9-6.5-2.0
2016-11.8-8.3-3.6+18.9-4.8-11.7-3.8+3.9-7.9-4.5-5.6-1.6
2015+1.7-1.0-15.2+19.4+2.5-8.0+3.4-0.1-5.6-8.0-0.9+1.5
2014+0.1+2.7-2.6+5.7+4.1-0.5+8.6+2.0+1.2-1.5-5.7-1.6
2013-0.1+4.8-3.3+0.0+7.3-5.7-7.6-3.2-3.4+0.8-1.7+9.0
2012+0.0+0.0+0.0+2.1-12.6+4.0+1.5+9.2+6.1-9.0+2.0+3.0
Average+0.1-3.5-5.7+2.8-1.4-2.9+2.9+4.7+7.2-4.7+1.8+3.9
ASPI average+3.1-2.7-4.7+2.0+0.2+0.8+3.1+2.2+3.2-0.1+1.0+3.0
Median+0.9-3.7-3.5+1.4-1.1-2.6+1.5+0.9+1.3-5.4-2.2-0.9
% up57%36%29%57%36%13%53%53%67%29%36%43%
P/E
10.9
P/B
0.90
EPS
Rs 7.32
Div Yield
0.35%
Market Cap
Rs 26.9B
Beta
-0.03
ROE
8.2%
Op Margin
-5.6% (-9.6pp)

Fundamentals

LineFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue
Rs 52.3B
+7.4%
Rs 48.7B
+3.1%
Rs 47.3B
+2.6%
Rs 46.1B
+87.5%
Rs 24.6B
+328.9%
Rs 5.7B
-69.9%
Rs 19.0B
-2.8%
Rs 19.6B
+7.2%
Operating profit
Rs 9.3B
+5.3%
Rs 8.8B
+6.2%
Rs 8.3B
+13.7%
Rs 7.3B
+70.8%
Rs 4.3B
Rs -5.2B
Rs 1.6B
-42.8%
Rs 2.7B
-9.3%
Net profit
Rs 5.0B
+40.2%
Rs 3.6B
+92.4%
Rs 1.9B
+3,883.6%
Rs 46.8M
-95.5%
Rs 1.0B
turned profitable
Rs -7.3B
loss widened
Rs -895.7M
fell into loss
Rs 1.2B
-24.4%
EPS
9.16
+35.3%
6.77
+102.1%
3.35
-0.94
1.85
-13.93
-1.90
2.37
-30.9%

Compared with the same period a year earlier.

Per-share figures are as reported, not adjusted for splits.

Recent dividends

  • 2026 · first and finalRs 0.28
  • 2019 · first and finalRs 1.00
  • 2018Rs 0.25
  • 2018Rs 1.25
  • 2017Rs 0.25
  • 2017Rs 0.50
  • 2016Rs 1.25
  • 2015Rs 1.50
Peer comparison6 peers in Hotels & Tourism
AHUN.N0000 · this company
Rs 80.00
P/E
10.9
P/B
0.90
ROE
8.23%
Yield
0.35%
Rs 16.00
P/E
23.9
P/B
0.69
ROE
2.92%
Yield
2.19%
Rs 13.90
P/E
16.0
P/B
1.87
ROE
11.76%
Yield
3.60%
Rs 15.60
P/E
23.6
P/B
1.06
ROE
4.57%
Yield
0.00%
P/E
25.0
P/B
0.62
ROE
2.49%
Yield
0.00%
Rs 25.00
P/E
-
P/B
2.35
ROE
-25.23%
Yield
0.00%
Rs 3.50
P/E
-
P/B
0.88
ROE
-5.97%
Yield
0.00%
Peer median · 6 companies
P/E 23.8P/B 0.97Yield 0.00%

About Aitken Spence Hotel Holdings PLC

Aitken Spence Hotel Holdings PLC is the holding company for the Aitken Spence Hotels group and operates a portfolio of hotels and resorts across Sri Lanka, the Maldives, India and Oman. The Group owns 17 properties (2,363 rooms) and manages six properties (494 rooms), offering resort and hotel services under the Heritance brand and other hotel brands. The company owns and operates resorts-including a significant Maldives portfolio where it is described as the largest international resort chain in the Maldives, owning and operating over 750 rooms across seven properties-and also provides hotel management services for third‑party properties in Sri Lanka and Oman. The Group holds interests in properties cited by the exchange such as Neptune, Heritance Kandalama and The Tea Factory, and developed Heritance Aarah in the Maldives; it is headquartered in Colombo, Sri Lanka and is a subsidiary of Aitken Spence PLC.

AI analysis

neutral

Evidence is balanced: annual profit rose 40.2%, but June swung to a LKR 1.5 billion loss. June is normally the weakest quarter for net margin, tempering the setback.

Read the full report (Sep 26, 2026) →

News sentiment

Describes news flow, not a forecast
Last 30 days
Most positive news flow in 6 months
its own lowits own high

Higher than 83% of its last 6 months

7 articles in 30 days: 5 positive, 0 negative, 2 neutral.

24 months positive negative 3-month net
Feb 25: 8 articles, net +0.27Mar 25: 1 articles, net +1.00Jun 25: 1 articles, net +1.00Aug 25: 1 articles, net +1.00Nov 25: 2 articles, net +1.00Dec 25: 2 articles, net +0.29Feb 26: 7 articles, net +0.45Mar 26: 2 articles, net -0.71Jun 26: 1 articles, net +1.00Jul 26: 3 articles, net +0.46Sep 26: 7 articles, net +0.71Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26
Recent news
View all news →
EconomyNext·Sep 23, 2026·Market commentaryPositive
Sri Lanka stocks rise at midday as materials lead turnover

Colombo Stock Exchange indices rose at midday, ASPI +0.52% to 21,163.12, with materials leading turnover (rupees 88.93m) and total turnover rupees 344.22m. Top gainers included Dialog, Commercial Bank, Hemas, HNB, Ceylon Cold Stores and Ambeon; Malwatte Valley, Palm Garden Hotels and Distilleries were top losers; Aitken Spence will allot its oversubscribed 2026 debentures.

EconomyNext·Sep 21, 2026·Capital raisePositive
Sri Lanka's Aitken Spence Hotel Holdings debenture sale oversubscribed

Aitken Spence Hotel Holdings said its debenture sale to raise up to 5.0 billion rupees was oversubscribed, receiving applications totalling 5.65445 billion rupees. Type A 5-year debentures at 13.00% drew 5.02 billion and Type B 5-year at 12.60% drew 628.52 million; demand for 7-year tenors was modest.

EconomyNext·Sep 21, 2026·Market commentary
Sri Lanka stocks open marginally up on Monday; ASPI at 21,070

Colombo Stock Exchange opened marginally higher: ASPI rose 14.13 points to 21,070.39 and the S&P SL20 gained 0.11% to 5,935.33, with turnover of LKR 9.97m. Notable movers included Industrial Asphalts (+16.7%), Prime Lands, Dialog, Haycarb and NDB; SMB Finance and Commercial Bank fell; Softlogic Finance announced a LKR 1.002bn rights issue and Aitken Spence Hotel Holdings proposed up to LKR 5bn debenture issue.

Daily FT·Sep 21, 2026·Capital raisePositive
Aitken Spence Hotel Holdings Rs. 5 b debenture issue 13% oversubscribed

Aitken Spence Hotel Holdings PLC's debenture issue drew applications of Rs.5,654 million against a maximum Rs.5,000 million (about 13% oversubscribed). Five- and seven-year debentures were offered with effective yields of 13% and 13.15% respectively, with the Type A five-year drawing Rs.5,021m.

Interest Rates
Ada Derana·Sep 16, 2026·Capital raisePositive
Aitken Spence Hotel Holdings PLC – Rs. 5 Billion Debenture Issue Oversubscribed on Opening Day

Aitken Spence Hotel Holdings PLC's maiden listed, rated, unsecured senior redeemable debenture issue was oversubscribed on opening day (15 Sep 2026), receiving applications for the full 50 million debentures (Rs5.0 billion). The company had sought an initial Rs3.0 billion with an option to expand to Rs5.0 billion; basis of allotment will be announced to the CSE.

Daily FT·Sep 11, 2026·Capital raisePositive
CSE green lights Rs. 5 b Aitken Spence Hotel Holdings debenture issue

Aitken Spence Hotel Holdings PLC received CSE approval to list up to Rs.5 billion of unsecured senior redeemable debentures and will initially issue up to 30 million debentures to raise Rs.3 billion. The offer comprises five- and seven-year tenors with coupons yielding about 13%-13.15%; subscription opens 15 Sep 2026.

Interest Rates
EconomyNext·Sep 10, 2026·Capital raise
Sri Lanka's Aitken Spence Hotel Holdings to raise Rs5bn in debenture sale

Aitken Spence Hotel Holdings PLC will raise up to Rs5.0bn via a listed debenture issue, initially 30 million debentures (Rs3.0bn) with a further 20 million on oversubscription; subscription opens Sept 15. The offer has four fixed-rate options across 5- and 7-year tenors (circa 12.60-13.15% p.a.) and has CSE in‑principle approval.

Daily FT·Aug 26, 2026·Promotional / marketingPositive
SL eyes major cruise tourism boost to convert Colombo as hub

Sri Lanka is seeking to position Colombo as a cruise tourism hub, with the government and private sector courting international cruise lines, exploring capacity for larger vessels and aiming to extend passenger stays to boost wider economic and hotel-sector benefits; talks include linking Cinnamon Hotels Group with international cruise operators.

Tourism

Hotels & Tourism sector: what is happening

Last 14 days to Sep 30, 2026

Tourism remained subdued: arrivals in 1-23 September edged up 0.31% year on year, led by India, but year-to-date arrivals were 1.83% lower amid Middle East disruptions and softer global demand. August tourism earnings rose 2.1%, ending a 10-month decline, yet year-to-date revenue fell 10%. Higher energy costs and weakened purchasing power also weighed on tourism demand.

Auto-generated from 6 sector news articles over 14 days. Not investment advice.