Intrinsic value of Marriott International - MAR

Previous Close

$128.82

  Intrinsic Value

$74.55

stock screener

  Rating & Target

sell

-42%

Previous close

$128.82

 
Intrinsic value

$74.55

 
Up/down potential

-42%

 
Rating

sell

We calculate the intrinsic value of MAR stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 43.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  21,173
  21,660
  22,217
  22,842
  23,534
  24,294
  25,121
  26,017
  26,982
  28,017
  29,125
  30,307
  31,566
  32,903
  34,323
  35,827
  37,419
  39,103
  40,882
  42,760
  44,742
  46,833
  49,036
  51,357
  53,802
  56,377
  59,086
  61,937
  64,937
  68,092
Variable operating expenses, $m
  18,555
  18,942
  19,384
  19,880
  20,430
  21,033
  21,690
  22,402
  23,168
  23,990
  23,128
  24,067
  25,066
  26,128
  27,255
  28,450
  29,714
  31,051
  32,464
  33,955
  35,529
  37,189
  38,939
  40,782
  42,724
  44,768
  46,919
  49,184
  51,565
  54,071
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  18,555
  18,942
  19,384
  19,880
  20,430
  21,033
  21,690
  22,402
  23,168
  23,990
  23,128
  24,067
  25,066
  26,128
  27,255
  28,450
  29,714
  31,051
  32,464
  33,955
  35,529
  37,189
  38,939
  40,782
  42,724
  44,768
  46,919
  49,184
  51,565
  54,071
Operating income, $m
  2,618
  2,718
  2,833
  2,962
  3,104
  3,261
  3,431
  3,615
  3,814
  4,027
  5,997
  6,241
  6,500
  6,775
  7,068
  7,377
  7,705
  8,052
  8,418
  8,805
  9,213
  9,644
  10,097
  10,575
  11,079
  11,609
  12,167
  12,754
  13,371
  14,021
EBITDA, $m
  4,723
  4,831
  4,955
  5,095
  5,249
  5,419
  5,603
  5,803
  6,018
  6,249
  6,496
  6,760
  7,041
  7,339
  7,656
  7,991
  8,346
  8,722
  9,119
  9,538
  9,980
  10,446
  10,937
  11,455
  12,000
  12,575
  13,179
  13,815
  14,484
  15,188
Interest expense (income), $m
  165
  505
  520
  547
  578
  613
  651
  693
  739
  789
  842
  900
  961
  1,027
  1,097
  1,171
  1,250
  1,333
  1,421
  1,515
  1,613
  1,718
  1,828
  1,944
  2,066
  2,195
  2,330
  2,473
  2,623
  2,782
  2,948
Earnings before tax, $m
  2,113
  2,198
  2,286
  2,384
  2,492
  2,610
  2,738
  2,876
  3,025
  3,185
  5,098
  5,280
  5,473
  5,679
  5,897
  6,128
  6,372
  6,631
  6,903
  7,192
  7,495
  7,816
  8,154
  8,509
  8,884
  9,279
  9,694
  10,130
  10,590
  11,073
Tax expense, $m
  571
  594
  617
  644
  673
  705
  739
  777
  817
  860
  1,376
  1,425
  1,478
  1,533
  1,592
  1,654
  1,720
  1,790
  1,864
  1,942
  2,024
  2,110
  2,201
  2,298
  2,399
  2,505
  2,617
  2,735
  2,859
  2,990
Net income, $m
  1,543
  1,605
  1,669
  1,740
  1,819
  1,905
  1,999
  2,100
  2,209
  2,325
  3,721
  3,854
  3,995
  4,145
  4,305
  4,473
  4,652
  4,840
  5,040
  5,250
  5,472
  5,706
  5,952
  6,212
  6,485
  6,773
  7,076
  7,395
  7,731
  8,083

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  24,170
  24,726
  25,362
  26,075
  26,866
  27,733
  28,677
  29,700
  30,801
  31,983
  33,248
  34,597
  36,034
  37,561
  39,181
  40,898
  42,716
  44,638
  46,669
  48,813
  51,076
  53,462
  55,977
  58,627
  61,418
  64,357
  67,450
  70,705
  74,129
  77,731
Adjusted assets (=assets-cash), $m
  24,170
  24,726
  25,362
  26,075
  26,866
  27,733
  28,677
  29,700
  30,801
  31,983
  33,248
  34,597
  36,034
  37,561
  39,181
  40,898
  42,716
  44,638
  46,669
  48,813
  51,076
  53,462
  55,977
  58,627
  61,418
  64,357
  67,450
  70,705
  74,129
  77,731
Revenue / Adjusted assets
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
  0.876
Average production assets, $m
  10,883
  11,133
  11,419
  11,741
  12,097
  12,487
  12,912
  13,373
  13,869
  14,401
  14,970
  15,578
  16,225
  16,912
  17,642
  18,415
  19,233
  20,099
  21,013
  21,979
  22,998
  24,072
  25,204
  26,398
  27,654
  28,978
  30,370
  31,836
  33,378
  34,999
Working capital, $m
  -3,282
  -3,357
  -3,444
  -3,540
  -3,648
  -3,766
  -3,894
  -4,033
  -4,182
  -4,343
  -4,514
  -4,698
  -4,893
  -5,100
  -5,320
  -5,553
  -5,800
  -6,061
  -6,337
  -6,628
  -6,935
  -7,259
  -7,601
  -7,960
  -8,339
  -8,738
  -9,158
  -9,600
  -10,065
  -10,554
Total debt, $m
  9,629
  10,130
  10,701
  11,344
  12,055
  12,836
  13,686
  14,606
  15,597
  16,661
  17,799
  19,014
  20,307
  21,681
  23,139
  24,684
  26,320
  28,050
  29,878
  31,808
  33,844
  35,992
  38,255
  40,640
  43,152
  45,797
  48,581
  51,510
  54,592
  57,834
Total liabilities, $m
  21,753
  22,254
  22,825
  23,468
  24,179
  24,960
  25,810
  26,730
  27,721
  28,785
  29,923
  31,138
  32,431
  33,805
  35,263
  36,808
  38,444
  40,174
  42,002
  43,932
  45,968
  48,116
  50,379
  52,764
  55,276
  57,921
  60,705
  63,634
  66,716
  69,958
Total equity, $m
  2,417
  2,473
  2,536
  2,608
  2,687
  2,773
  2,868
  2,970
  3,080
  3,198
  3,325
  3,460
  3,603
  3,756
  3,918
  4,090
  4,272
  4,464
  4,667
  4,881
  5,108
  5,346
  5,598
  5,863
  6,142
  6,436
  6,745
  7,070
  7,413
  7,773
Total liabilities and equity, $m
  24,170
  24,727
  25,361
  26,076
  26,866
  27,733
  28,678
  29,700
  30,801
  31,983
  33,248
  34,598
  36,034
  37,561
  39,181
  40,898
  42,716
  44,638
  46,669
  48,813
  51,076
  53,462
  55,977
  58,627
  61,418
  64,357
  67,450
  70,704
  74,129
  77,731
Debt-to-equity ratio
  3.980
  4.100
  4.220
  4.350
  4.490
  4.630
  4.770
  4.920
  5.060
  5.210
  5.350
  5.500
  5.640
  5.770
  5.910
  6.040
  6.160
  6.280
  6.400
  6.520
  6.630
  6.730
  6.830
  6.930
  7.030
  7.120
  7.200
  7.290
  7.360
  7.440
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  1,543
  1,605
  1,669
  1,740
  1,819
  1,905
  1,999
  2,100
  2,209
  2,325
  3,721
  3,854
  3,995
  4,145
  4,305
  4,473
  4,652
  4,840
  5,040
  5,250
  5,472
  5,706
  5,952
  6,212
  6,485
  6,773
  7,076
  7,395
  7,731
  8,083
Depreciation, amort., depletion, $m
  2,105
  2,113
  2,123
  2,133
  2,145
  2,158
  2,172
  2,188
  2,204
  2,222
  499
  519
  541
  564
  588
  614
  641
  670
  700
  733
  767
  802
  840
  880
  922
  966
  1,012
  1,061
  1,113
  1,167
Funds from operations, $m
  3,647
  3,718
  3,791
  3,873
  3,964
  4,063
  4,171
  4,287
  4,413
  4,547
  4,220
  4,373
  4,536
  4,709
  4,893
  5,087
  5,293
  5,510
  5,740
  5,982
  6,238
  6,508
  6,792
  7,092
  7,407
  7,739
  8,089
  8,456
  8,843
  9,250
Change in working capital, $m
  -64
  -75
  -86
  -97
  -107
  -118
  -128
  -139
  -150
  -161
  -172
  -183
  -195
  -207
  -220
  -233
  -247
  -261
  -276
  -291
  -307
  -324
  -342
  -360
  -379
  -399
  -420
  -442
  -465
  -489
Cash from operations, $m
  3,712
  3,793
  3,878
  3,970
  4,071
  4,181
  4,299
  4,426
  4,562
  4,708
  4,392
  4,557
  4,731
  4,917
  5,113
  5,320
  5,540
  5,771
  6,016
  6,274
  6,546
  6,832
  7,134
  7,452
  7,786
  8,138
  8,509
  8,898
  9,308
  9,739
Maintenance CAPEX, $m
  -356
  -363
  -371
  -381
  -391
  -403
  -416
  -430
  -446
  -462
  -480
  -499
  -519
  -541
  -564
  -588
  -614
  -641
  -670
  -700
  -733
  -767
  -802
  -840
  -880
  -922
  -966
  -1,012
  -1,061
  -1,113
New CAPEX, $m
  -216
  -250
  -286
  -321
  -356
  -391
  -425
  -460
  -496
  -532
  -569
  -608
  -647
  -688
  -730
  -773
  -818
  -865
  -914
  -966
  -1,019
  -1,074
  -1,132
  -1,193
  -1,257
  -1,323
  -1,393
  -1,466
  -1,542
  -1,622
Cash from investing activities, $m
  -572
  -613
  -657
  -702
  -747
  -794
  -841
  -890
  -942
  -994
  -1,049
  -1,107
  -1,166
  -1,229
  -1,294
  -1,361
  -1,432
  -1,506
  -1,584
  -1,666
  -1,752
  -1,841
  -1,934
  -2,033
  -2,137
  -2,245
  -2,359
  -2,478
  -2,603
  -2,735
Free cash flow, $m
  3,140
  3,180
  3,220
  3,268
  3,324
  3,387
  3,458
  3,535
  3,621
  3,713
  3,343
  3,450
  3,565
  3,688
  3,819
  3,959
  4,107
  4,265
  4,431
  4,608
  4,794
  4,991
  5,199
  5,418
  5,650
  5,893
  6,150
  6,420
  6,705
  7,005
Issuance/(repayment) of debt, $m
  282
  500
  572
  642
  711
  781
  850
  920
  991
  1,064
  1,138
  1,214
  1,293
  1,374
  1,458
  1,545
  1,636
  1,730
  1,828
  1,930
  2,036
  2,148
  2,264
  2,385
  2,512
  2,645
  2,784
  2,929
  3,082
  3,242
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  282
  500
  572
  642
  711
  781
  850
  920
  991
  1,064
  1,138
  1,214
  1,293
  1,374
  1,458
  1,545
  1,636
  1,730
  1,828
  1,930
  2,036
  2,148
  2,264
  2,385
  2,512
  2,645
  2,784
  2,929
  3,082
  3,242
Total cash flow (excl. dividends), $m
  3,422
  3,680
  3,792
  3,910
  4,035
  4,168
  4,308
  4,456
  4,612
  4,777
  4,481
  4,664
  4,858
  5,062
  5,278
  5,504
  5,743
  5,995
  6,259
  6,538
  6,830
  7,139
  7,463
  7,803
  8,161
  8,538
  8,934
  9,350
  9,787
  10,246
Retained Cash Flow (-), $m
  -192
  -56
  -64
  -71
  -79
  -87
  -94
  -102
  -110
  -118
  -126
  -135
  -144
  -153
  -162
  -172
  -182
  -192
  -203
  -214
  -226
  -239
  -252
  -265
  -279
  -294
  -309
  -325
  -342
  -360
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  3,230
  3,625
  3,729
  3,839
  3,956
  4,081
  4,213
  4,353
  4,502
  4,659
  4,354
  4,529
  4,715
  4,910
  5,116
  5,333
  5,561
  5,802
  6,056
  6,323
  6,604
  6,900
  7,211
  7,538
  7,882
  8,244
  8,625
  9,024
  9,445
  9,886
Discount rate, %
  9.70
  10.19
  10.69
  11.23
  11.79
  12.38
  13.00
  13.65
  14.33
  15.05
  15.80
  16.59
  17.42
  18.29
  19.21
  20.17
  21.17
  22.23
  23.34
  24.51
  25.74
  27.02
  28.38
  29.79
  31.28
  32.85
  34.49
  36.21
  38.03
  39.93
PV of cash for distribution, $m
  2,945
  2,986
  2,749
  2,508
  2,266
  2,026
  1,791
  1,564
  1,349
  1,147
  867
  718
  585
  467
  367
  282
  212
  156
  112
  79
  54
  36
  23
  14
  9
  5
  3
  2
  1
  0
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Marriott International, Inc. (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada. Its North American Limited-Service segment includes Select brands (Courtyard, Residence Inn, Fairfield Inn & Suites, SpringHill Suites, Element Hotels and Moxy Hotels) located in the United States and Canada. Its International segment includes JW Marriott, St. Regis, EDITION, Bulgari Hotels & Resorts, Marriott Hotels, Sheraton, Westin, Four Points, Aloft Hotels, AC Hotels by Marriott, Protea Hotels, Element Hotels, and Moxy Hotels located outside the United States and Canada.

FINANCIAL RATIOS  of  Marriott International (MAR)

Valuation Ratios
P/E Ratio 63.8
Price to Sales 2.9
Price to Book 9.3
Price to Tangible Book
Price to Cash Flow 31.4
Price to Free Cash Flow 36
Growth Rates
Sales Growth Rate 17.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -34.8%
Cap. Spend. - 3 Yr. Gr. Rate -7.6%
Financial Strength
Quick Ratio 3
Current Ratio 0.1
LT Debt to Equity 153%
Total Debt to Equity 158.8%
Interest Coverage 8
Management Effectiveness
Return On Assets 5.9%
Ret/ On Assets - 3 Yr. Avg. 10.7%
Return On Total Capital 10.8%
Ret/ On T. Cap. - 3 Yr. Avg. 46.2%
Return On Equity 88.3%
Return On Equity - 3 Yr. Avg. 5.7%
Asset Turnover 1.1
Profitability Ratios
Gross Margin 15.4%
Gross Margin - 3 Yr. Avg. 14.8%
EBITDA Margin 8.9%
EBITDA Margin - 3 Yr. Avg. 9.6%
Operating Margin 8%
Oper. Margin - 3 Yr. Avg. 8.6%
Pre-Tax Margin 6.9%
Pre-Tax Margin - 3 Yr. Avg. 7.8%
Net Profit Margin 4.6%
Net Profit Margin - 3 Yr. Avg. 5.3%
Effective Tax Rate 34.1%
Eff/ Tax Rate - 3 Yr. Avg. 32.2%
Payout Ratio 47.9%

MAR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MAR stock intrinsic value calculation we used $20758 million for the last fiscal year's total revenue generated by Marriott International. The default revenue input number comes from 0001 income statement of Marriott International. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our MAR stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9.7%, whose default value for MAR is calculated based on our internal credit rating of Marriott International, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Marriott International.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of MAR stock the variable cost ratio is equal to 87.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for MAR stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Marriott International.

Corporate tax rate of 27% is the nominal tax rate for Marriott International. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the MAR stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for MAR are equal to 51.4%.

Life of production assets of 68.5 years is the average useful life of capital assets used in Marriott International operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for MAR is equal to -15.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $2225 million for Marriott International - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 339.683 million for Marriott International is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Marriott International at the current share price and the inputted number of shares is $43.8 billion.

RELATED COMPANIES Price Int.Val. Rating
H Hyatt Hotels C 74.51 16.77  str.sell
HLT Hilton Worldwi 93.01 84.15  hold
CHH Choice Hotels 88.20 22.83  str.sell
IHG Intercontinent 63.46 16.04  str.sell

CONTACT US      

About X-FIN       Privacy policy       Terms of use      

Copyright © X-FIN.com 2005-2019. All rigths reserved.