Murano Global Investments PLC
Description
Murano Global Investments Plc, a real estate company, owns, develops, and invests in hotel, resort, and commercial properties in Mexico. Its portfolio includes the Hotel Andaz (operated by Hyatt) and Hotel Mondrian (operated by Accor) in Mexico City, as well as luxury projects in Cancun, which includes the Grand Island I hotel project under the Hyatt's Vivid and Dreams brands, and a project in Baja. The company was founded in 1996 and is headquartered in London, the United Kingdom.
About
CEO
Mr. Elias Sacal Cababie
Employees
556
Instrument type
Common Stock
Sector
Real Estate
Industry
Real Estate - Development
MIC code
XNCM
Address
25 Berkeley Square, London, W1J 6HN, United Kingdom
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Oscillators
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Summary
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Moving Averages
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Earnings estimate
| Number of analysts | — | — | — | — |
|---|---|---|---|---|
| Average estimate | — | — | — | — |
| Low estimate | — | — | — | — |
| High estimate | — | — | — | — |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
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Next qtr.
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Current year
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Next year
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Next 5 years (per annum)
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Past 5 years (per annum)
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Income statement
| 2023 | |
|---|---|
| Fiscal date | 2023-12-31 |
| Total reported revenue | 286.65M |
| Cost of revenue | 85.52M |
| Gross profit | 201.14M |
| Operating expense | |
| Research & development | — |
| Selling general and admin | 285.78M |
| Other operating expenses | 92.97M |
| Operating income | -313.11M |
| Non operating interest income | |
| Income | 8.85M |
| Expense | 303.75M |
| Other income expense | 621.99M |
| Pretax income | 5.66M |
| Tax provision | -52.13M |
| Net income | 57.79M |
| Basic EPS | 0.73 |
| Diluted EPS | 0.73 |
| Basic average shares | 1.64B |
| Diluted average shares | 1.64B |
| EBITDA | -162.87M |
| Net income from continuing op. | 5.66M |
| Minority interests | — |
| Preferred stock dividends | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 19.47B | 18.80B | 10.74B | 9.71B |
| Current assets | ||||
| Cash | 993,681 | 434,443 | 81,554 | — |
| Cash equivalents | 80.26M | 176.54M | 138.46M | — |
| Cash and cash equivalents | 81.26M | 176.98M | 138.54M | 409.31M |
| Other short term investments | — | 38.72M | — | — |
| Accounts receivable | 16.83M | — | — | — |
| Other receivables | 28.34M | 25.41M | 12.84M | 11.66M |
| Inventory | 1.42M | 1.91M | — | — |
| Prepaid assets | 18.79M | 22.90M | 24.97M | 9.08M |
| Restricted cash | 65.11M | 25.06M | 44.90M | — |
| Assets held for sale | — | — | — | — |
| Hedging assets | — | — | — | — |
| Other current assets | — | — | — | — |
| Non current assets | ||||
| Properties | 214.10M | 3.17M | 4.31M | 4.59M |
| Land and improvements | 7.95B | 7.79B | 6.63B | 6.37B |
| Machinery furniture equipment | 178.22M | 16.27M | 14.29M | 12.51M |
| Construction in progress | 6.51B | 9.08B | 2.80B | 1.94B |
| Leases | — | — | — | — |
| Accumulated depreciation | -143.50M | -14.78M | -13.51M | -11.95M |
| Goodwill | — | — | — | — |
| Investment properties | 1.10B | 1.19B | 889.00M | 828.09M |
| Financial assets | 116.92M | 192.79M | — | — |
| Intangible assets | — | — | — | — |
| Investments and advances | — | — | — | — |
| Other non current assets | 2 | 1 | 73,363 | 1 |
| Total liabilities | 11.64B | 10.40B | 6.50B | 5.51B |
| Current liabilities | ||||
| Accounts payable | 399.16M | 124.59M | 113.18M | 177.31M |
| Accrued expenses | — | — | — | — |
| Short term debt | 2.07B | 3.80B | 188.09M | 1.09B |
| Deferred revenue | 8.26M | — | — | — |
| Tax payable | 12.14M | 18.74M | 1.47M | 344,871 |
| Pensions | 2.24M | 2.14M | 752,069 | 733,296 |
| Other current liabilities | 3.50M | 59.44M | 35.32M | 29.51M |
| Non current liabilities | ||||
| Long term debt | 4.82B | 1.77B | 3.61B | 1.57B |
| Provision for risks and charges | — | — | — | — |
| Deferred liabilities | 4.03B | 4.35B | 2.33B | 2.17B |
| Derivative product liabilities | — | — | 7.95M | 83.79M |
| Other non current liabilities | 62.50M | — | — | — |
| Shareholders equity | ||||
| Common stock | 902.61M | 902.61M | 1.20B | 1.24B |
| Retained earnings | -1.18B | -1.24B | -1.49B | -1.40B |
| Other shareholders equity | 8.11B | 8.74B | 4.53B | 4.36B |
| Total shareholders equity | 7.83B | 8.40B | 4.25B | 4.20B |
| Additional paid in capital | — | — | — | — |
| Treasury stock | — | — | — | — |
| Minority interest | — | — | — | — |
Cash flow statement
| 2023 | |
|---|---|
| Operating Activities | |
| Net Income | 5.66M |
| Depreciation | 135.50M |
| Deferred Taxes | — |
| Stock-Based Compensation | — |
| Other Non-Cash Items | 309.66M |
| Accounts Receivable | -33.08M |
| Accounts Payable | 275.49M |
| Other Assets & Liabilities | 43.77M |
| Operating Cash Flow | 737.01M |
| Investing Activities | |
| Capital Expenditures | -1.56B |
| Net Intangibles | — |
| Net Acquisitions | — |
| Purchase of Investments | — |
| Sale of Investments | — |
| Investing Cash Flow | -1.70B |
| Financing Activities | |
| Long-Term Debt Issuance | 2.18B |
| Long-Term Debt Payments | -388.01M |
| Other Financing Charges | -93.01M |
| Financing Cash Flow | 1.70B |
| Other Cash Details | |
| End Cash Position | 146.37M |
| Income Tax Paid | — |
| Interest Paid | — |
| Free Cash Flow | -1.55B |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Fidelity NASDAQ Composite Index Fund | Nov 30, 2024 | 7,492 | 83,161 | 0.01% |
Article
Murano Announces Closing of U.S.$300 Million Offering of Senior Secured Notes
LONDON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- MURANO GLOBAL INVESTMENTS PLC (“Murano” or the “Company”) (NYSE: MRNO), announced today the closing of an offering of U.S.$300,000,000 aggregate principal amount of 11.000% Senior Secured Notes due 2031 (the “Notes”) by (i) a trust created under the laws of Mexico (such trust, the “Issuer Trust”). The Notes are guaranteed by Murano PV, S.A. de C.V., a Murano sub-holding entity incorporated in Mexico (the “Murano Parent Guarantor”), Operadora Hotelera G.I., S.A. de C.V. (the “Operator Guarantor”), and two other Mexican law-governed trusts (the “Murano 2000 Trust” and the “Murano 3224 Trust”). Murano acted as sponsor of the Notes issuance pursuant to a Sponsor Support and Indemnification Agreement.
Sep 12, 2024
Article
Murano Exploring Cruise Port Development in Baja California, Mexico
Entered into memorandum of understanding with leading global cruise operator to develop potential port and destination on Murano's property Entered into memorandum of understanding with leading global cruise operator to develop potential port and destination on Murano's property
Jun 10, 2024
Article
Murano Global Investments Plc. Announces a New Share Repurchase Program
LONDON, April 03, 2024 (GLOBE NEWSWIRE) -- Murano Global Investments Plc. (“Murano” or “Company”, Nasdaq: MRNO) announced today that its board of directors has authorized a new share repurchase program under which the Company may repurchase up to US$2 million of its ordinary shares until the end of the last business day of the third quarter in 2024, U.S. Eastern Time. The Company plans to adopt and implement this share repurchase program in accordance with applicable rules and requirements under the Securities Exchange Act of 1934, as amended, and the Company's insider trading policies.
Apr 3, 2024
