Marriott International, Inc. - Ordinary Shares - Class A
MAR
Market Cap$81.31B
Close$
Earnings Call Q3 2024
November 4, 2024 - AI Summary
**Strong Third Quarter Performance**: Marriott reported a 3% increase in global RevPAR in Q3 2024, aided by a 2.5% rise in Average Daily Rate (ADR). Business transient and group segments drove growth, with group RevPAR climbing 10% year-over-year for the second consecutive quarter.
**Forecast for Q4 and Full Year 2024**: The company anticipates global RevPAR growth of 2% to 3% for Q4 and maintains a full-year growth forecast of 3% to 4%. Notably, negative impacts from U.S. elections are expected to reduce RevPAR by approximately 100 basis points for the quarter.
**Continued Development and Pipeline Strength**: Marriott added around 16,000 net rooms in Q3 and reported a robust pipeline of 585,000 rooms, up 5% from the previous quarter. This signals strong growth potential, with a positive outlook for net room growth of approximately 6.5% in 2024.
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$103.34
64.7% downside
Current Fair Value
64.7% downsideOvervalued by 64.7% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $81.31 Billion |
|---|---|
| Enterprise Value | $96.44 Billion |
| Dividend Yield | $2.52 (0.8236781844902419%) |
| Earnings per Share | $10.23 |
| Beta | 1.59 |
| Outstanding Shares | 281,500,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 29.76 |
|---|---|
| PEG | -133.19 |
| Price to Sales | 3.36 |
| Price to Book Ratio | -73.15 |
| Enterprise Value to Revenue | 3.89 |
| Enterprise Value to EBIT | 31.81 |
| Enterprise Value to Net Income | 34 |
| Total Debt to Enterprise | 0.16 |
| Debt to Equity | -17.74 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Marriott International, Inc.
144,000 employees
CEO: Arne Sorenson Marriott International, Inc. is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 7,500 properties under 30 leading brands spanning 132 countries and territories. Marriott operates and franchises hotels and licen...