Intercontinental Hotels Group - ADR
IHG - Insider Information
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+ FollowMarket Cap$26.29B
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Earnings Call Q4 2025
February 17, 2026 - AI Summary
2025 performance: strong profit + growth despite weak RevPAR
- RevPAR +1.5% (described as a “turbulent” environment; not the best RevPAR year).
- Gross system growth +6.6%; net system growth +4.7%.
- Development delivered: signed 102k rooms / 694 hotels (+9% vs prior year excluding specified acquisitions/agreements); record openings +10%; pipeline growth +4.4%.
- Profitability: fee margin +360 bps, EBIT +13%, adjusted EPS +16% supported by operating leverage and capital actions.
Capital return / cash: heavy buybacks; disciplined cash allocation
- Completed $900m share buyback in 2025.
- New buyback announced (today): $950m program for further capital return.
- Company reiterated its capital policy: invest in growth first, maintain/grow dividend, return surplus to shareholders; target leverage range cited around ~2.5–3%.
- Surprising but positive detail: noted improvements in debt/cash mechanics (e.g., reduced currency translation on debt; refinancing/RCF covenant removal), giving more flexibility.
2026 outlook (no formal revenue/RevPAR guidance, but confidence communicated)
- Trading to date positive in all 3 regions (early-year).
- Management expects net unit growth ~4.4% consensus but believes more upside than downside.
- Key message: they won’t cap growth and have confidence in system growth acceleration given pipeline/signings/openings.
- RevPAR inflection expectations (why they’re confident):
- U.S.: 2026 comp benefits (easing/removal of 2025 headwinds such as government travel weakness and other negatives); plus supportive labor/inflation/consumer and corporate investment themes.
- China: management believes RevPAR bottoming is real (gradual improvement in 2025; Q4 positive; Q1 expected to turn positive again).
- Middle East / Asia: tailwinds from outbound travel (notably China outbound supporting Southeast Asia).
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$147.40
18.1% downside
Current Fair Value
18.1% downsideOvervalued by 18.1% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $26.29 Billion |
|---|---|
| Enterprise Value | $30.02 Billion |
| Annual dividend | $1.90 |
| Dividend yield | 1.05% |
| Earnings per Share | $4.87 |
| Beta | 0.96 |
| Outstanding Shares | 151,084,251 |
Return
| Return on Equity | -49.30% |
|---|---|
| Return on Assets | 28.08% |
| Return on Invested Capital | 103.84% |
Valuation & Multiples
| P/E Ratio | 38.03 |
|---|---|
| PEG | -374.51 |
| Price to Sales | 2.61 |
| Price to Book Ratio | -8.99 |
| Enterprise Value to Revenue | 2.87 |
| Enterprise Value to EBIT | 12.02 |
| Enterprise Value to Net Income | 20 |
| Total Debt to Enterprise | 0.15 |
| Debt to Equity | -1.53 |
Revenue Sources
No data
Last Earnings Call
Report Date
August 11, 2026
EPS
$2.75
Est. $2.65Revenue
$2.66 B
Est. $2.70 BNext Earnings Call
Expected Date
February 23, 2027
EPS Estimate
$3.06
Consensus analyst estimateRevenue Estimate
$2.96 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.00000% |
|---|---|
| Total Calls | - |
| Total Puts | - |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 0.77%▼ 9.92% |
|---|---|
| Total Invested | $186.41M▼ 93.18% |
| Investors Holding | 151▼ 173.00% |
About Intercontinental Hotels Group
13,049 employees
CEO: Keith Barr
InterContinental Hotels Group PLC (IHG) is a prominent global hospitality company engaged in the ownership, management, franchising, and leasing of hotel properties. Its extensive operations encompass regions such as the Americas, Europe...