Hyatt Hotels Corporation (H) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+105.2%

$385.41

vs $187.84 price

Levered DCF

$832.72

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.88

Grey zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-296.89×	12.08×	62.1×	21.69×	-44.81×	-10.7×	12.26×	9.96×
P/B	4.59×	4.42×	3.84×	2.67×	2.8×	2.34×	2.37×	2.09×
P/S	2.14×	4.75×	3.79×	3.02×	6.9×	9.65×	3.67×	3.06×
EV / EBITDA	25.3×	23.84×	20.99×	13.88×	155.5×	-34.25×	18.78×	13.23×
Gross margin	11.2%	42.5%	38.6%	39.7%	33.3%	11.3%	39.2%	40.2%
Operating margin	7.8%	25.9%	22.6%	26.4%	8.0%	-29.9%	22.9%	27.4%
Net margin	-0.7%	39.3%	6.1%	13.9%	-15.4%	-90.1%	29.9%	30.8%
Current ratio	0.75×	0.83×	0.6×	0.68×	0.92×	2.6×	1.57×	1.27×
Debt / equity	1.37×	1.14×	0.95×	0.93×	1.22×	1.14×	0.52×	0.45×
Interest coverage	1.79×	0×	0×	0×	0×	0×	0×	0×
Dividend yield	0.4%	0.4%	0.3%	0.0%	0.0%	0.3%	0.9%	0.9%
Payout ratio	-109.6%	4.6%	21.4%	0.0%	0.0%	-2.8%	10.4%	8.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-1.6%	36.5%	6.2%	12.3%	-6.2%	-21.9%	19.3%	21.0%
Return on invested capital	-3.0%	6.7%	5.7%	8.9%	-5.6%	-2.0%	6.0%	8.4%
Return on assets	-0.4%	9.7%	1.7%	3.7%	-1.8%	-7.7%	9.1%	10.1%
Free cash flow yield	1.0%	3.0%	4.4%	4.8%	2.0%	-9.7%	0.3%	0.6%
Earnings yield	-0.3%	8.3%	1.6%	4.6%	-2.2%	-9.3%	8.2%	10.0%
Enterprise value	$19.1B	$18.7B	$16.2B	$12.3B	$13.4B	$10B	$10.5B	$8.7B
Net debt / EBITDA	5×	3.88×	3.23×	2.77×	39.56×	-8.4×	2.06×	1.61×
Cash conversion cycle (days)	32	34	10	2	-34	99	28	29