Publicação
Equity research - Hilton Worldwide Holdings INC.
| Resumo: | This Equity Research Report contains a valuation of Hilton Worldwide Holdings Inc. (“HLT”) and follows the format recommended by the CFA Institute. The hospitality industry was elected to perform my Master Final Work due to my passion for travel and Hilton was the selected company for being one of the leading and largest in the hotel business. Hilton’s portfolio comprises 6,837 properties, 1,074,791 rooms and 18 brands in 122 countries and territories. This research is issued considering only publicly available information on September 28 th, 2022. Therefore, any event or information available after this date has not been reflected. Our investment recommendation for 2023YE stands for HOLD, with a PT of $132.25 computed though the WACC method, corresponding to an upside potential of 6.94% or a potential annualized return of 5.46%, against the closing price of $123.67 on September 28 th, 2022. In addition, to strengthen our recommendation other models were used, namely the Adjusted Present Value (APV), Flow-to-Equity (FTE) as well as a relative valuation. To conclude and complete our report, a sensitivity analysis and a Monte Carlo Simulation were performed to the price target for changes in WACC, terminal growth rate, Risk-free and RevPAR. Our risk assessment estimates a medium risk for the company. |
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| Autores principais: | Bhanji, Mehá Dinesh |
| Assunto: | Hilton Equity Research Valuation Hospitality Industry Avaliação de Empresas Indústria Hoteleira |
| Ano: | 2022 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório da Universidade de Lisboa |
| Resumo: | This Equity Research Report contains a valuation of Hilton Worldwide Holdings Inc. (“HLT”) and follows the format recommended by the CFA Institute. The hospitality industry was elected to perform my Master Final Work due to my passion for travel and Hilton was the selected company for being one of the leading and largest in the hotel business. Hilton’s portfolio comprises 6,837 properties, 1,074,791 rooms and 18 brands in 122 countries and territories. This research is issued considering only publicly available information on September 28 th, 2022. Therefore, any event or information available after this date has not been reflected. Our investment recommendation for 2023YE stands for HOLD, with a PT of $132.25 computed though the WACC method, corresponding to an upside potential of 6.94% or a potential annualized return of 5.46%, against the closing price of $123.67 on September 28 th, 2022. In addition, to strengthen our recommendation other models were used, namely the Adjusted Present Value (APV), Flow-to-Equity (FTE) as well as a relative valuation. To conclude and complete our report, a sensitivity analysis and a Monte Carlo Simulation were performed to the price target for changes in WACC, terminal growth rate, Risk-free and RevPAR. Our risk assessment estimates a medium risk for the company. |
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