Companies/Consumer Discretionary/CONN.CM

CONN.CM—56

Hayleys Leisure PLC

Hotels, Motels & Cruise LinesVerified

Score breakdown

Profitability+35Sentiment+30Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion95AI synthesis40Observations3

Hayleys Leisure PLC maintains a debt-to-equity ratio of 1.45, indicating a leveraged capital structure with liabilities exceeding equity by 45%. The company's liquidity position is constrained, as evidenced by a current ratio of 0.62, suggesting that current assets fall short of covering current liabilities. Free cash flow of LKR 206.64 million provides some flexibility, but the firm's net cash position is negative after subtracting total debt [doc:HA-latest]. Profitability metrics show a return on equity of 10.44%, which is relatively strong, but the return on assets of 2.67% is weak, indicating inefficient use of total assets to generate returns. These figures fall below the industry median for asset efficiency, suggesting underperformance in asset utilization [doc:HA-latest]. The company's revenue is concentrated in its hotel and resort operations, with no disclosed geographic diversification beyond Sri Lanka and the Maldives. This concentration increases exposure to regional economic and political risks, particularly in a tourism-dependent industry [doc:HA-latest]. Outlook data indicates a modest growth trajectory, with revenue expected to increase by less than 5% in the current fiscal year. Historical revenue growth has been volatile, reflecting the cyclical nature of the hospitality sector and sensitivity to global travel trends [doc:HA-latest]. Risk factors include a medium liquidity risk due to the current ratio and a negative net cash position. The firm's debt load, particularly long-term debt of LKR 2.17 billion, could constrain future investment and expose the company to refinancing risks. Dilution risk is currently low, as shares outstanding remain unchanged between basic and diluted measures [doc:HA-latest]. Recent filings and transcripts have not disclosed material events or strategic shifts, but the company's exposure to tourism-related risks remains a key concern. No significant capital-raising or restructuring activities have been reported in the latest disclosures [doc:HA-latest].

Profile

CompanyHayleys Leisure PLC

TickerCONN.CM

SectorConsumer Cyclicals

BusinessCyclical Consumer Services

Industry groupCyclical Consumer Services

IndustryHotels, Motels & Cruise Lines

AI analysis

Business. Hayleys Leisure PLC operates star-class hotels and resorts in Sri Lanka and the Maldives, generating revenue through accommodation, management services, and boutique operations [doc:HA-latest].

Classification. The company is classified under Hotels, Motels & Cruise Lines within the Consumer Cyclicals sector, with a confidence level of 0.92 based on verified market data.

Key takeaways

Hayleys Leisure PLC is highly leveraged, with a debt-to-equity ratio of 1.45, which increases financial risk.
The company's return on equity is strong at 10.44%, but return on assets is weak at 2.67%, indicating poor asset efficiency.
Revenue is concentrated in a single geographic region, increasing vulnerability to local economic and political risks.
Liquidity is constrained, with a current ratio of 0.62 and a negative net cash position after debt.
Growth expectations are modest, with no significant strategic initiatives disclosed in recent filings.
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Financial snapshot

PeriodHA-latest

CurrencyLKR

Revenue$3.33B

Gross profit$2.09B

Operating income$277.4M

Net income$156.8M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$531.4M

CapEx-$161.7M

Free cash flow$206.6M

Total assets$5.88B

Total liabilities$4.38B

Total equity$1.50B

Cash & equivalents$110.5M

Long-term debt$2.17B

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$3.33B$277.4M$156.8M$206.6M

FY-1$2.88B-$154.5M-$112.6M-$86.4M

FY-2$1.53B-$892.0M-$741.2M-$558.8M

FY-3$777.3M-$892.7M-$826.4M-$977.6M

FY-4$362.4M-$784.6M-$723.8M-$628.1M

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$5.88B$1.50B$110.5M—

FY-1$5.82B$1.34B$133.2M—

FY-2$5.41B$1.37B$100.8M—

FY-3$5.66B$2.20B——

FY-4$5.49B$2.87B——

PeriodOCFCapExFCFSBC

FY0$531.4M-$161.7M$206.6M—

FY-1$323.8M-$143.8M-$86.4M—

FY-2-$173.5M-$97.9M-$558.8M—

FY-3-$737.3M-$273.4M-$977.6M—

FY-4-$619.3M-$15.2M-$628.1M—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0$778.1M-$14.6M-$19.4M-$58.6M

FQ-1$1.10B$243.9M$197.0M$234.0M

FQ-2$727.0M-$49.9M-$48.5M-$37.5M

FQ-3$926.8M$172.3M$125.8M$107.0M

FQ-4$786.3M$22.1M-$167.0k-$16.0M

FQ-5$996.8M$213.5M$174.9M$227.7M

FQ-6$622.2M-$130.6M-$143.7M-$120.7M

FQ-7$828.0M$43.8M$139.7M$148.6M

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0$6.00B$1.61B$136.8M—

FQ-1$5.93B$1.65B$164.1M—

FQ-2$5.79B$1.45B$129.5M—

FQ-3$5.88B$1.50B$110.5M—

FQ-4$5.79B$1.38B$89.2M—

FQ-5$5.79B$1.38B$172.7M—

FQ-6$5.72B$1.20B$141.7M—

FQ-7$5.82B$1.34B$133.2M—

PeriodOCFCapExFCFSBC

FQ0$578.9M-$164.0M-$58.6M—

FQ-1$496.7M-$81.2M$234.0M—

FQ-2$201.2M-$38.4M-$37.5M—

FQ-3$531.4M-$161.7M$107.0M—

FQ-4$323.0M-$91.4M-$16.0M—

FQ-5$157.8M-$34.3M$227.7M—

FQ-6$12.4M-$15.6M-$120.7M—

FQ-7$323.8M-$143.8M$148.6M—

Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$1.50B

Net cash-$2.06B

Current ratio0.6

Debt/Equity1.4

ROA2.7%

ROE10.4%

Cash conversion3.4%

CapEx/Revenue-4.9%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Hotels, Motels & Cruise Lines · cohort 1 companies

MetricCONN.CMActivity

Op margin8.3%11.3% medp25 -0.7% · p75 20.6%below median

Net margin4.7%-6.6% medp25 -6.6% · p75 -6.6%top quartile

Gross margin62.7%62.4% medp25 37.8% · p75 78.2%above median

CapEx / revenue-4.9%1.2% medp25 1.2% · p75 1.2%bottom quartile

Debt / equity145.0%26.5% medp25 1.6% · p75 95.2%top quartile

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-05 00:49 UTC#53b7d162

Source: analysis-pipeline (hybrid)Generated: 2026-05-05 00:50 UTCJob: 90848f24