Enterprise Value (EV)
Paying user area
Try for free
Marriott International Inc. pages available for free this week:
- Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Return on Assets (ROA) since 2005
- Price to Operating Profit (P/OP) since 2005
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Marriott International Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Current Enterprise Value (EV)
Marriott International Inc., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in millions | |
| Common equity (market value)1 | |
| Total equity | |
| Add: Current portion of long-term debt (per books) | |
| Add: Long-term debt, excluding current portion (per books) | |
| Total equity and debt | |
| Less: Cash and equivalents | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2019-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Marriott International Inc., EV calculation
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Marriott International Inc. Annual Report.
3 2019 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
The financial data of the company from 2015 to 2019 reveals several notable trends in equity and valuation metrics.
- Common Equity and Total Equity
- Both common equity (market value) and total equity exhibit a significant upward trajectory from 2015 through 2017, rising from approximately $16.5 billion to just over $50.5 billion. This represents a substantial growth phase over the first three years. However, after peaking in 2017, equity values declined, falling to about $42.3 billion in 2018 and further to around $38.8 billion in 2019. This reversal suggests a contraction or market adjustment following the earlier increase.
- Total Equity and Debt
- Total equity and debt follow a pattern similar to that of equity alone but on a larger scale, increasing sharply from $20.6 billion in 2015 to $58.7 billion in 2017. After this peak, a decline is observed in subsequent years, with values dropping to $51.6 billion in 2018 and further to $49.7 billion in 2019. The decrease after 2017 highlights a reduction in the company's combined financing from equity and debt sources, which may indicate deleveraging or repayment of debt alongside equity adjustments.
- Enterprise Value (EV)
- The enterprise value closely mirrors the trend seen in total equity and debt. It rose significantly between 2015 and 2017, from $20.5 billion to $58.4 billion, followed by a decrease to approximately $51.3 billion in 2018 and $49.5 billion in 2019. This pattern suggests that overall market valuation and the cost of acquisition for the company decreased after 2017, consistent with the drops in equity and financing levels.
In summary, the data indicates a strong expansion phase for the company during 2015-2017, characterized by increased equity, financing, and enterprise valuation. However, this growth was followed by a notable contraction across these key financial metrics in the two subsequent years. The decline after 2017 warrants further analysis to understand underlying causes, such as market conditions, operational performance, or strategic financial decisions.