Stock Analysis on Net

Marriott International Inc. (NASDAQ:MAR)

This company has been moved to the archive! The financial data has not been updated since May 11, 2020.

Common Stock Valuation Ratios (Price Multiples)

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Current Valuation Ratios

Marriott International Inc., current price multiples

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Marriott International Inc. Airbnb Inc. Booking Holdings Inc. Carnival Corp. & plc Chipotle Mexican Grill Inc. McDonald’s Corp. Starbucks Corp. Consumer Services Consumer Discretionary
Selected Financial Data
Current share price (P) $82.31
No. shares of common stock outstanding 324,255,928
Growth rate (g) 65.04%
 
Earnings per share (EPS) $3.93
Next year expected EPS $6.48
Operating profit per share $5.55
Sales per share $64.68
Book value per share (BVPS) $2.17
Valuation Ratios (Price Multiples)
Price to earnings (P/E) 20.97 22.47 29.27 65.24 24.05 25.12 36.07 71.62
Price to next year expected earnings 12.70 29.25 19.25 50.65 11.61 22.59 59.51
Price-earnings-growth (PEG) 0.32 0.56 2.26 0.22 0.60 3.52
Price to operating profit (P/OP) 14.83 70.93 21.51 11.51 51.46 17.48 17.65 28.95 55.92
Price to sales (P/S) 1.27 10.86 5.88 1.04 8.12 7.99 2.88 7.22 4.38
Price to book value (P/BV) 37.97 13.19 3.27 26.18 34.69 22.40

Based on: 10-K (reporting date: 2019-12-31).

If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.


Historical Valuation Ratios (Summary)

Marriott International Inc., historical price multiples

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Price to earnings (P/E) 30.47 22.17 36.81 43.27 19.16
Price to operating profit (P/OP) 21.55 17.87 21.41 24.67 12.19
Price to sales (P/S) 1.85 2.04 2.21 1.98 1.14
Price to book value (P/BV) 55.18 19.00 13.54 6.30

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).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Marriott International Inc. P/E ratio decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Marriott International Inc. P/OP ratio decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Marriott International Inc. P/S ratio decreased from 2017 to 2018 and from 2018 to 2019.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Marriott International Inc. P/BV ratio increased from 2017 to 2018 and from 2018 to 2019.

Price to Earnings (P/E)

Marriott International Inc., historical P/E calculation, comparison to benchmarks

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
No. shares of common stock outstanding1 324,214,545 339,668,839 357,437,289 383,561,428 253,481,935
Selected Financial Data (US$)
Net income (in millions) 1,273 1,907 1,372 780 859
Earnings per share (EPS)2 3.93 5.61 3.84 2.03 3.39
Share price1, 3 119.64 124.45 141.29 87.99 64.94
Valuation Ratio
P/E ratio4 30.47 22.17 36.81 43.27 19.16
Benchmarks
P/E Ratio, Competitors5
Airbnb Inc.
Booking Holdings Inc. 14.16
Carnival Corp. & plc 11.04 12.86
Chipotle Mexican Grill Inc. 67.72
McDonald’s Corp. 25.99
Starbucks Corp. 27.63 18.71
P/E Ratio, Sector
Consumer Services 21.41
P/E Ratio, Industry
Consumer Discretionary 37.76

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 2019 Calculation
EPS = Net income ÷ No. shares of common stock outstanding
= 1,273,000,000 ÷ 324,214,545 = 3.93

3 Closing price as at the filing date of Marriott International Inc. Annual Report.

4 2019 Calculation
P/E ratio = Share price ÷ EPS
= 119.64 ÷ 3.93 = 30.47

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Marriott International Inc. P/E ratio decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level.

Price to Operating Profit (P/OP)

Marriott International Inc., historical P/OP calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
No. shares of common stock outstanding1 324,214,545 339,668,839 357,437,289 383,561,428 253,481,935
Selected Financial Data (US$)
Operating income (in millions) 1,800 2,366 2,359 1,368 1,350
Operating profit per share2 5.55 6.97 6.60 3.57 5.33
Share price1, 3 119.64 124.45 141.29 87.99 64.94
Valuation Ratio
P/OP ratio4 21.55 17.87 21.41 24.67 12.19
Benchmarks
P/OP Ratio, Competitors5
Airbnb Inc.
Booking Holdings Inc. 12.89
Carnival Corp. & plc 10.08 12.19
Chipotle Mexican Grill Inc. 53.42
McDonald’s Corp. 17.27
Starbucks Corp. 24.39 21.78
P/OP Ratio, Sector
Consumer Services 17.18
P/OP Ratio, Industry
Consumer Discretionary 29.48

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 2019 Calculation
Operating profit per share = Operating income ÷ No. shares of common stock outstanding
= 1,800,000,000 ÷ 324,214,545 = 5.55

3 Closing price as at the filing date of Marriott International Inc. Annual Report.

4 2019 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 119.64 ÷ 5.55 = 21.55

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Marriott International Inc. P/OP ratio decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.

Price to Sales (P/S)

Marriott International Inc., historical P/S calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
No. shares of common stock outstanding1 324,214,545 339,668,839 357,437,289 383,561,428 253,481,935
Selected Financial Data (US$)
Revenues (in millions) 20,972 20,758 22,894 17,072 14,486
Sales per share2 64.69 61.11 64.05 44.51 57.15
Share price1, 3 119.64 124.45 141.29 87.99 64.94
Valuation Ratio
P/S ratio4 1.85 2.04 2.21 1.98 1.14
Benchmarks
P/S Ratio, Competitors5
Airbnb Inc.
Booking Holdings Inc. 4.57
Carnival Corp. & plc 1.59 2.15
Chipotle Mexican Grill Inc. 4.24
McDonald’s Corp. 7.43
Starbucks Corp. 3.75 3.42
P/S Ratio, Sector
Consumer Services 4.29
P/S Ratio, Industry
Consumer Discretionary 2.31

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 2019 Calculation
Sales per share = Revenues ÷ No. shares of common stock outstanding
= 20,972,000,000 ÷ 324,214,545 = 64.69

3 Closing price as at the filing date of Marriott International Inc. Annual Report.

4 2019 Calculation
P/S ratio = Share price ÷ Sales per share
= 119.64 ÷ 64.69 = 1.85

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Marriott International Inc. P/S ratio decreased from 2017 to 2018 and from 2018 to 2019.

Price to Book Value (P/BV)

Marriott International Inc., historical P/BV calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
No. shares of common stock outstanding1 324,214,545 339,668,839 357,437,289 383,561,428 253,481,935
Selected Financial Data (US$)
Shareholders’ equity (deficit) (in millions) 703 2,225 3,731 5,357 (3,590)
Book value per share (BVPS)2 2.17 6.55 10.44 13.97 -14.16
Share price1, 3 119.64 124.45 141.29 87.99 64.94
Valuation Ratio
P/BV ratio4 55.18 19.00 13.54 6.30
Benchmarks
P/BV Ratio, Competitors5
Airbnb Inc.
Booking Holdings Inc. 11.61
Carnival Corp. & plc 1.30 1.66
Chipotle Mexican Grill Inc. 14.09
McDonald’s Corp.
Starbucks Corp. 72.30
P/BV Ratio, Sector
Consumer Services 20.59
P/BV Ratio, Industry
Consumer Discretionary 11.81

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 2019 Calculation
BVPS = Shareholders’ equity (deficit) ÷ No. shares of common stock outstanding
= 703,000,000 ÷ 324,214,545 = 2.17

3 Closing price as at the filing date of Marriott International Inc. Annual Report.

4 2019 Calculation
P/BV ratio = Share price ÷ BVPS
= 119.64 ÷ 2.17 = 55.18

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Marriott International Inc. P/BV ratio increased from 2017 to 2018 and from 2018 to 2019.