HLT

Hilton Worldwide Holdings Inc

Consumer


Presented:04/05/2018
Price:$79.04
Cap:$25.45B
Current Price:$236.12
Cap:$58.19B

Presented

Date04/05/2018
Price$79.04
Market Cap$25.45B
Ent Value$31.65B
P/E Ratio20.35x
Book Value$6.53
Div Yield0.52%
Shares O/S322.00M
Ave Daily Vol2,379,676
Short Int3.09%

Current

Price$236.12
Market Cap$58.19B
Hilton Worldwide Holdings, Inc. engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management & Franchise segment manages hotels and timeshare properties, and license its brands to franchisees. The company was founded by Conrad Hilton on March 18, 2010 and is headquartered in McLean, VA.

Publicly traded companies mentioned herein: Blackstone Group LP (BX), Hilton Grand Vacations Inc (HGV), Hilton Worldwide Holdings Inc (HLT), HNA Group, Marriott International Inc (MAR), Park Hotels & Resorts Inc (PK)

Highlights

Hilton completed the spin-off of Park Hotels & Resorts and Hilton Grand Vacations in early 2017, and is now free of the capital intensive REIT and timeshare operations. At $78, he is long the stock and sees the risk/reward as favorable due to HLT’s improved FCF profile, long runway for growth, scale (in terms of hotels/rooms and its loyalty program), and relatively cheap valuation. He is forecasting $4.25 of FCF/share in 2019 based on 15% - 20% annual FCF growth, and at just 18x this base case estimate and 13.5x 2019 EBITDA estimates he sees meaningful upside potential.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.