Stock Analysis on Net
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Stock Analysis on Net

Hilton Worldwide Holdings Inc. (NYSE:HLT)

This company has been moved to the archive! The financial data has not been updated since August 7, 2024.

Enterprise Value (EV) 

Microsoft Excel

Current Enterprise Value (EV)

Hilton Worldwide Holdings Inc., current enterprise value calculation

Microsoft Excel
Current share price (P) $203.52
No. shares of common stock outstanding 246,427,097
US$ in millions
Common equity (market value)1 50,153
Add: Noncontrolling interests (per books) 13
Total equity 50,166
Add: Current maturities of long-term debt (per books) 39
Add: Long-term debt, excluding current maturities (per books) 9,157
Total equity and debt 59,362
Less: Cash and cash equivalents 800
Less: Restricted cash and cash equivalents 75
Enterprise value (EV) 58,487

Based on: 10-K (reporting date: 2023-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 203.52 × 246,427,097

Historical Enterprise Value (EV)

Hilton Worldwide Holdings Inc., EV calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Share price1, 2 $196.03 $150.80 $156.34 $111.43 $112.94
No. shares of common stock outstanding1 252,160,518 266,450,664 279,139,082 277,607,799 277,447,716
US$ in millions
Common equity (market value)3 49,431 40,181 43,641 30,934 31,335
Add: Noncontrolling interests (book value) 13 4 2 4 10
Total equity 49,444 40,185 43,643 30,938 31,345
Add: Current maturities of long-term debt (book value) 39 39 54 56 37
Add: Long-term debt, excluding current maturities (book value) 9,157 8,708 8,712 10,431 7,956
Total equity and debt 58,640 48,932 52,409 41,425 39,338
Less: Cash and cash equivalents 800 1,209 1,427 3,218 538
Less: Restricted cash and cash equivalents 75 77 85 45 92
Enterprise value (EV) 57,765 47,646 50,897 38,162 38,708

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).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Hilton Worldwide Holdings Inc. Annual Report.

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 196.03 × 252,160,518

Equity Trends
The common equity (market value) experienced a slight decline from 31,335 million USD at the end of 2019 to 30,934 million USD in 2020. Subsequently, it showed a strong recovery, increasing significantly to 43,641 million USD in 2021. This was followed by a moderate decline to 40,181 million USD in 2022, before reaching a new peak of 49,431 million USD in 2023. The total equity followed a nearly identical pattern, suggesting consistency between market valuation and reported equity figures.
Total Equity and Debt
Total equity and debt demonstrated gradual growth between 2019 and 2021, rising from 39,338 million USD to 52,409 million USD. This was followed by a moderate reduction in 2022 to 48,932 million USD, after which it increased again to 58,640 million USD in 2023. This pattern indicates a variability in leverage or capital structure adjustments, with a notable increase observed in the latest year.
Enterprise Value (EV)
Enterprise value showed a declining trend from 38,708 million USD in 2019 to 38,162 million USD in 2020. Then, it increased significantly to 50,897 million USD in 2021, decreased to 47,646 million USD in 2022, and again rose to 57,765 million USD in 2023. The fluctuations in enterprise value generally mirror those seen in total equity and debt, reflecting shifts in market perception, debt levels, or operational performance.
Overall Insights
The financial data indicates resilience with rapid recovery following the decline in 2020, likely associated with external economic impacts. Both equity values and enterprise value faced decreased levels in 2020 but rebounded strongly in subsequent years. The increase in total equity and debt, particularly in 2023, suggests either new financing activities or accumulation of assets. The fluctuations between 2021 and 2022 followed by growth in 2023 highlight dynamic financial management and changing market conditions.