Marriott International Inc - Class A
Exchange: NASDAQSector: Consumer CyclicalIndustry: Lodging
Marriott International, Inc. is based in Bethesda, Maryland, USA, and encompasses a portfolio of over 9,300 properties across more than 30 leading brands in 144 countries and territories. Marriott operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties all around the world. The company offers Marriott Bonvoy ®, its highly awarded travel platform.
Did you know?
Pays a 0.75% dividend yield.
Current Price
$354.97
-1.86%GoodMoat Value
$232.65
34.5% overvaluedProfile
Valuation (TTM)
Market Cap$95.26B
P/E36.62
EV$104.35B
P/B—
Shares Out268.35M
P/Sales3.64
Revenue$26.19B
EV/EBITDA23.32
Marriott International Inc - Class A (MAR) Stock Analysis
GoodMoat Analysis
Marriott International is a global lodging leader with a powerful asset-light franchise model, but its current valuation appears demanding. The stock trades at a significant premium to the GoodMoat target price, suggesting a low margin of safety for a value investor.
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Marriott International operates a global portfolio of hotel brands through a primarily asset-light franchise and management fee model. This structure provides significant scale advantages and high-margin, recurring revenue streams. Applying the GoodMoat framework, the company demonstrates a durable moat, likely scoring well on criteria like brand strength, scale privilege, and switching costs through its massive loyalty program. Its quality indicators are mixed; it shows a solid operating margin of 15.8% and is GAAP profitable, but revenue growth of 4.2% YoY is modest and the free cash flow yield of 3.0% is not particularly high.
The key issue for a value investor is valuation. The stock trades at a P/E of 33.7x and a price of $326.79, which is approximately 40% above the GoodMoat target of $232.65. According to the Decision Framework, this suggests a negative or very thin margin of safety, placing it in the 'Unfavourable' or 'With Caution' valuation band. While the business possesses a strong moat, the price appears to fully reflect this quality, leaving little room for error. For a value investor, this warrants a cautious approach, as the current price does not offer the margin of safety typically sought.
Analysis based on data as of 2024-05-15.
Market Cap$95.26B
Current Price$354.97
P/E Ratio36.62
Forward P/E—
PEG Ratio30.21
EPS$9.51
Book Value$-14.05
P/B Ratio—
MAR Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use 16.7% FCF growth (CAGR)
Cash vs Debt
Net Debt: 16.7B
Revenue
21.0B
FY19
10.6B
FY20
13.9B
FY21
20.8B
FY22
23.7B
FY23
25.1B
FY24
26.2B
FY25
Net Income
1.3B
FY19
—
FY20
1.1B
FY21
2.4B
FY22
3.1B
FY23
2.4B
FY24
2.6B
FY25
MAR 52-Week Range
$244.95
$378.72
50-Day MA: $341.83200-Day MA: $300.85
Did you know?
Price sits at 82% of its 52-week range.
Marriott International Inc - Class A (MAR) Financial Summary
Marriott International Inc - Class A (MAR) is a Consumer Cyclical company in the Lodging industry, listed on NASDAQ. The stock currently trades at $354.97 with a market capitalization of $95.26B.
Key valuation metrics include a P/E ratio of 36.62, and EPS of $9.51. The company reports a profit margin of 9.9%.
MAR Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $95.26B |
| P/E Ratio | 36.62 |
| EPS | $9.51 |
| P/S Ratio | 3.64 |
| EV/EBITDA | 23.32 |
| Dividend Yield | 0.75% |
| Profit Margin | 9.9% |
MAR Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $20.97B | $1.27B |
| FY20 | $10.57B | $-267.00M |
| FY21 | $13.86B | $1.10B |
| FY22 | $20.77B | $2.36B |
| FY23 | $23.71B | $3.08B |
| FY24 | $25.10B | $2.38B |
| FY25 | $26.19B | $2.60B |
Marriott International Inc - Class A (MAR) Valuation
Based on GoodMoat's DCF model, Marriott International Inc - Class A has a fair value estimate of $232.65. At the current price of $354.97, the stock appears 52.6% overvalued relative to our intrinsic value estimate.
MAR Quality Indicators
Marriott International Inc - Class A maintains a profit margin of 9.9% and an operating margin of 15.8%. The current ratio is 0.43.
About Marriott International Inc - Class A
Marriott International, Inc. is based in Bethesda, Maryland, USA, and encompasses a portfolio of over 9,300 properties across more than 30 leading brands in 144 countries and territories. Marriott operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties all around the world. The company offers Marriott Bonvoy ®, its highly awarded travel platform.
MAR Free Cash Flow
Marriott International Inc - Class A generated $2.61B in trailing twelve-month free cash flow, representing an FCF yield of 2.74%. This moderate FCF yield indicates reasonable cash generation.
MAR Shares Outstanding
Marriott International Inc - Class A has 0.27 billion shares outstanding at a share price of $354.97, giving it a market capitalization of $95.26B.
MAR Recent Insider Trades
Recent insider transactions at Marriott International Inc - Class A include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| Menon Rajeev (President, APEC) | SELL | 3,492 | $1.24M |
| Brown William P (Group Pres., US and Canada) | SELL | 9,456 | $3.39M |
| Breland Benjamin T. (CHRO & EVP, Global Ops. Serv.) | SELL | 2,000 | $716060.20 |