Price to Operating Profit (P/OP)
since 2013
Calculation
Hilton Worldwide Holdings Inc., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income (loss)1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 7, 2024 | 22.22 | = | 196.03 | ÷ | 8.82 | 8.82 | = | 2,225 | ÷ | 252,160,518 | |
| Feb 9, 2023 | 19.19 | = | 150.80 | ÷ | 7.86 | 7.86 | = | 2,094 | ÷ | 266,450,664 | |
| Feb 16, 2022 | 43.21 | = | 156.34 | ÷ | 3.62 | 3.62 | = | 1,010 | ÷ | 279,139,082 | |
| Feb 17, 2021 | — | = | 111.43 | ÷ | -1.51 | -1.51 | = | -418 | ÷ | 277,607,799 | |
| Feb 11, 2020 | 18.91 | = | 112.94 | ÷ | 5.97 | 5.97 | = | 1,657 | ÷ | 277,447,716 | |
| Feb 13, 2019 | 16.23 | = | 79.37 | ÷ | 4.89 | 4.89 | = | 1,432 | ÷ | 292,847,337 | |
| Feb 14, 2018 | 19.81 | = | 85.97 | ÷ | 4.34 | 4.34 | = | 1,372 | ÷ | 316,118,115 | |
| Feb 15, 2017 | 10.54 | = | 59.46 | ÷ | 5.64 | 5.64 | = | 1,861 | ÷ | 329,731,387 | |
| Feb 26, 2016 | 9.87 | = | 62.10 | ÷ | 6.29 | 6.29 | = | 2,071 | ÷ | 329,291,168 | |
| Feb 18, 2015 | 16.80 | = | 85.62 | ÷ | 5.10 | 5.10 | = | 1,673 | ÷ | 328,208,303 | |
| Feb 27, 2014 | 20.09 | = | 67.47 | ÷ | 3.36 | 3.36 | = | 1,102 | ÷ | 328,205,121 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 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), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Hilton Worldwide Holdings Inc. Annual Report.
The financial trajectory from 2014 to 2024 is characterized by significant growth in market valuation, punctuated by a period of extreme volatility in operating performance between 2020 and 2022.
- Share Price Evolution
- A consistent long-term upward trend is evident, with the share price increasing from 67.47 USD in 2014 to 196.03 USD in 2024. While growth was steady in the early period, a more accelerated appreciation occurred after 2020, reflecting increased investor confidence and market valuation.
- Operating Profit per Share Trends
- Operating profit per share showed moderate growth from 2014 to 2020, peaking at 5.97 USD. A severe contraction occurred in 2021, where profit turned negative at -1.51 USD. However, a robust recovery followed, with profits climbing to 8.82 USD by 2024, surpassing all previous historical levels in the provided period.
- Price to Operating Profit (P/OP) Analysis
- The P/OP ratio exhibited several distinct phases. Between 2014 and 2017, the ratio compressed from 20.09 to a low of 9.87, suggesting either a decline in valuation multiples or a faster growth in profits relative to price. From 2018 to 2020, the ratio stabilized in the 16.00 to 19.00 range. A significant anomaly occurred in 2022, where the ratio spiked to 43.21; this was driven by a rapid recovery in share price while operating profits were still rebuilding from the 2021 deficit. By 2023 and 2024, the ratio normalized to 19.19 and 22.22, respectively, aligning more closely with long-term historical averages.
Overall, the data indicates a resilient recovery pattern. The expansion of the share price and the eventual record-high operating profit per share suggest that the market has priced in a successful operational rebound and sustainable growth following the 2021 downturn.
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Comparison to Competitors
Hilton Worldwide Holdings Inc., P/OP, long-term trends, comparison to competitors
| Hilton Worldwide Holdings Inc. | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | DoorDash, Inc. | McDonald’s Corp. | Starbucks Corp. | |
|---|---|---|---|---|---|---|---|
| Feb 7, 2024 | 22.22 | 65.01 | 22.85 | 46.13 | — | 18.35 | 20.44 |
| Feb 9, 2023 | 19.19 | 46.78 | 17.91 | 38.25 | — | 20.58 | 24.35 |
| Feb 16, 2022 | 43.21 | 232.24 | 40.46 | 54.38 | — | 17.59 | 26.68 |
| Feb 17, 2021 | — | — | — | 149.81 | — | 21.51 | 70.29 |
| Feb 11, 2020 | 18.91 | — | 12.89 | 53.41 | — | 17.27 | 24.39 |
| Feb 13, 2019 | 16.23 | — | 16.06 | 62.41 | — | 15.89 | 21.78 |
| Feb 14, 2018 | 19.81 | — | 19.91 | 27.44 | — | 13.56 | 19.59 |
| Feb 15, 2017 | 10.54 | — | 27.61 | 331.70 | — | 13.65 | 19.46 |
| Feb 26, 2016 | 9.87 | — | 18.81 | 18.10 | — | 14.94 | 25.18 |
| Feb 18, 2015 | 16.80 | — | 20.58 | 29.50 | — | 11.48 | 18.97 |
| Feb 27, 2014 | 20.09 | — | 27.73 | 31.59 | — | 10.90 | — |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 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), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).