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Intercontinental hotels group - pandemic recovery completed
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| 1.65 MB | Adobe PDF |
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Orientador(es)
Resumo(s)
The objective of this equity research report is
to assess InterContinental Hotel Group from
various perspectives and to establish a price
target. The valuation is based on the
evolution and recovery of key value drivers,
which is considered as especially important
in times of macroeconomic uncertainties.
IHG is expected to maintain its asset-light
business strategy, generating most of its hotel
revenue from the fee business. In addition,
revenue from daytime reservation is
forecasted to increase in the next decade. The
combination of absolute and relative
valuation methods leads to a price target of
$51.94 as of 31st December 2023, implying
an overvaluation and a SELL
recommendation for investors.
Descrição
Palavras-chave
Ihg Equity research Valuation Company analysis