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Marriott International

DB:MAQ
Snowflake Description

Undervalued with high growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MAQ
DB
$19B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Marriott International, Inc. operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The last earnings update was 38 days ago. More info.


Add to Portfolio Compare Print
  • Marriott International has significant price volatility in the past 3 months.
MAQ Share Price and Events
7 Day Returns
-27.5%
DB:MAQ
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-54.3%
DB:MAQ
-48.1%
DE Hospitality
-20.9%
DE Market
MAQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Marriott International (MAQ) -27.5% -44.5% -59.3% -54.3% -38% -29.2%
DE Hospitality -6.8% -31.3% -57.6% -48.1% -63.2% -70.6%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • MAQ underperformed the Hospitality industry which returned -48.1% over the past year.
  • MAQ underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
MAQ
Industry
5yr Volatility vs Market
Related Companies

MAQ Value

 Is Marriott International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Marriott International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Marriott International.

DB:MAQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 19 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:MAQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 21%) (62.4%))
1.112
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.112 * 5.44%)
5.66%

Discounted Cash Flow Calculation for DB:MAQ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Marriott International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:MAQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.66%)
2020 1,961.13 Analyst x7 1,856.06
2021 2,234.20 Analyst x7 2,001.22
2022 1,887.00 Analyst x1 1,599.68
2023 2,157.00 Analyst x1 1,730.60
2024 2,447.00 Analyst x1 1,858.10
2025 2,515.51 Est @ 2.8% 1,807.79
2026 2,561.87 Est @ 1.84% 1,742.47
2027 2,591.93 Est @ 1.17% 1,668.47
2028 2,610.18 Est @ 0.7% 1,590.20
2029 2,619.99 Est @ 0.38% 1,510.67
Present value of next 10 years cash flows $17,365.00
DB:MAQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $2,619.99 × (1 + -0.39%) ÷ (5.66% – -0.39%)
$43,132.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $43,132.41 ÷ (1 + 5.66%)10
$24,869.82
DB:MAQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $17,365.00 + $24,869.82
$42,234.82
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $42,234.82 / 324.21
$130.27
DB:MAQ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MAQ represents 0.90606x of NasdaqGS:MAR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90606x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 130.27 x 0.90606
€118.03
Value per share (EUR) From above. €118.03
Current discount Discount to share price of €53.53
= -1 x (€53.53 - €118.03) / €118.03
54.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Marriott International is available for.
Intrinsic value
>50%
Share price is €53.53 vs Future cash flow value of €118.03
Current Discount Checks
For Marriott International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Marriott International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Marriott International's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Marriott International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Marriott International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MAQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $3.83
NasdaqGS:MAR Share Price ** NasdaqGS (2020-04-03) in USD $59.08
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Marriott International.

DB:MAQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:MAR Share Price ÷ EPS (both in USD)

= 59.08 ÷ 3.83

15.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Marriott International is good value based on earnings compared to the DE Hospitality industry average.
  • Marriott International is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Marriott International's expected growth come at a high price?
Raw Data
DB:MAQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
16%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:MAQ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.44x ÷ 16%

0.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Marriott International is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Marriott International's assets?
Raw Data
DB:MAQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $2.17
NasdaqGS:MAR Share Price * NasdaqGS (2020-04-03) in USD $59.08
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:MAQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:MAR Share Price ÷ Book Value per Share (both in USD)

= 59.08 ÷ 2.17

27.23x

* Primary Listing of Marriott International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Marriott International is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Marriott International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Marriott International has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MAQ Future Performance

 How is Marriott International expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Marriott International expected to grow at an attractive rate?
  • Marriott International's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Marriott International's earnings growth is expected to exceed the Germany market average.
  • Marriott International's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MAQ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MAQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 16%
DB:MAQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 27.8%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:MAQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MAQ Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 25,641 2,488 1
2023-12-31 23,127 2,072 2
2022-12-31 21,561 2,322 1,864 6
2021-12-31 20,025 2,379 1,846 16
2020-12-31 14,755 1,696 754 10
2020-04-05
DB:MAQ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 5,373 1,685 1,273
2019-09-30 5,295 1,723 1,311
2019-06-30 5,279 1,966 1,427
2019-03-31 5,238 1,833 1,862
2018-12-31 5,215 2,357 1,907
2018-09-30 5,199 2,300 1,704
2018-06-30 5,131 2,170 1,686
2018-03-31 5,054 2,440 1,508
2017-12-31 4,997 2,227 1,459
2017-09-30 4,957 2,227 1,589
2017-06-30 4,499 2,006 1,174
2017-03-31 3,975 1,750 932

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Marriott International's earnings are expected to grow by 16% yearly, however this is not considered high growth (20% yearly).
  • Marriott International's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:MAQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from Marriott International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MAQ Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 5.66 6.08 5.10 4.00
2021-12-31 5.66 7.41 4.06 16.00
2020-12-31 2.10 2.69 1.19 8.00
2020-04-05
DB:MAQ Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 3.83
2019-09-30 3.90
2019-06-30 4.19
2019-03-31 5.39
2018-12-31 5.45
2018-09-30 4.79
2018-06-30 4.65
2018-03-31 4.09
2017-12-31 3.89
2017-09-30 4.17
2017-06-30 3.31
2017-03-31 2.88

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Marriott International is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Marriott International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Marriott International has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MAQ Past Performance

  How has Marriott International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Marriott International's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Marriott International's year on year earnings growth rate has been positive over the past 5 years.
  • Marriott International's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Marriott International's 1-year earnings growth is negative, it can't be compared to the DE Hospitality industry average.
Earnings and Revenue History
Marriott International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Marriott International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MAQ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 5,373.00 1,273.00 1,771.00
2019-09-30 5,295.00 1,311.00 1,573.00
2019-06-30 5,279.00 1,427.00 1,574.00
2019-03-31 5,238.00 1,862.00 1,562.00
2018-12-31 5,215.00 1,907.00 1,587.00
2018-09-30 5,199.00 1,704.00 1,517.00
2018-06-30 5,131.00 1,686.00 1,501.00
2018-03-31 5,054.00 1,508.00 1,518.00
2017-12-31 4,997.00 1,459.00 1,483.00
2017-09-30 4,957.00 1,589.00 882.00
2017-06-30 4,499.00 1,174.00 838.00
2017-03-31 3,975.00 932.00 758.00
2016-12-31 3,473.00 808.00 1,152.00
2016-09-30 2,988.00 738.00 676.00
2016-06-30 2,892.00 878.00 664.00
2016-03-31 2,868.00 871.00 662.00
2015-12-31 2,856.00 859.00 634.00
2015-09-30 2,850.00 854.00 617.00
2015-06-30 2,848.00 836.00 640.00
2015-03-31 2,833.00 788.00 647.00
2014-12-31 2,741.00 753.00 659.00
2014-09-30 2,684.00 707.00 649.00
2014-06-30 2,590.00 675.00 624.00
2014-03-31 2,522.00 662.00 625.00
2013-12-31 2,493.00 626.00 641.00
2013-09-30 2,612.00 656.00 680.00
2013-06-30 2,533.00 639.00 665.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Marriott International made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Marriott International used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Marriott International has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Marriott International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Marriott International has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MAQ Health

 How is Marriott International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Marriott International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Marriott International's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Marriott International's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Marriott International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Marriott International Company Filings, last reported 3 months ago.

DB:MAQ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 703.00 10,783.00 225.00
2019-09-30 838.00 10,620.00 276.00
2019-06-30 1,240.00 10,254.00 284.00
2019-03-31 1,603.00 10,094.00 258.00
2018-12-31 2,225.00 9,184.00 316.00
2018-09-30 2,324.00 9,327.00 373.00
2018-06-30 2,841.00 8,991.00 366.00
2018-03-31 3,566.00 8,846.00 701.00
2017-12-31 3,582.00 8,067.00 383.00
2017-09-30 4,512.00 8,669.00 508.00
2017-06-30 4,901.00 8,313.00 498.00
2017-03-31 5,168.00 8,470.00 738.00
2016-12-31 5,357.00 8,506.00 858.00
2016-09-30 5,841.00 8,822.00 1,078.00
2016-06-30 -3,462.00 4,360.00 679.00
2016-03-31 -3,667.00 4,159.00 99.00
2015-12-31 -3,590.00 4,107.00 96.00
2015-09-30 -3,589.00 4,304.00 95.00
2015-06-30 -3,033.00 3,917.00 140.00
2015-03-31 -2,537.00 4,028.00 120.00
2014-12-31 -2,200.00 3,771.00 104.00
2014-09-30 -1,842.00 3,528.00 150.00
2014-06-30 -1,720.00 3,404.00 192.00
2014-03-31 -1,625.00 3,302.00 184.00
2013-12-31 -1,415.00 3,153.00 126.00
2013-09-30 -1,409.00 3,156.00 144.00
2013-06-30 -1,493.00 3,087.00 108.00
  • Marriott International's level of debt (1533.9%) compared to net worth is high (greater than 40%).
  • Marriott International had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is not well covered by operating cash flow (15.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.6x coverage).
X
Financial health checks
We assess Marriott International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Marriott International has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MAQ Dividends

 What is Marriott International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.25%
Current annual income from Marriott International dividends. Estimated to be 2.4% next year.
If you bought €2,000 of Marriott International shares you are expected to receive €65 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Marriott International's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Marriott International's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:MAQ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:MAQ Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 1.48 1.00
2022-12-31 1.52 9.00
2021-12-31 1.66 19.00
2020-12-31 1.15 21.00
2020-04-05
DB:MAQ Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-14 1.920 2.051
2019-11-07 1.920 1.340
2019-08-08 1.920 1.524
2019-05-10 1.920 1.431
2018-11-08 1.640 1.373
2018-08-09 1.640 1.344
2018-05-04 1.640 1.231
2018-02-09 1.320 0.960
2017-11-09 1.320 0.990
2017-08-10 1.320 1.215
2017-05-05 1.320 1.279
2017-02-10 1.200 1.323
2016-11-10 1.200 1.459
2016-09-13 1.200 1.757
2016-05-06 1.200 1.739
2016-02-11 1.000 1.465
2015-11-05 1.000 1.509
2015-08-06 1.000 1.384
2015-05-08 1.000 1.302
2015-02-12 0.800 0.984
2014-11-06 0.800 1.037
2014-08-07 0.800 1.160
2014-05-09 0.800 1.273
2014-02-14 0.680 1.230
2013-11-07 0.680 1.415
2013-08-08 0.680 1.605
2013-05-10 0.680 1.640
2013-02-15 0.520 1.270
2012-11-08 0.520 1.384
2012-08-09 0.520 1.363
2012-05-04 0.520 1.378
2012-02-10 0.400 1.074
2011-11-10 0.400 1.271
2011-08-04 0.400 1.388
2011-05-06 0.400 1.140
2011-02-11 0.350 0.950
2010-11-04 0.350 0.867
2010-08-05 0.160 0.452
2010-05-07 0.160 0.485
2010-02-11 0.160 0.521
2009-10-09 0.000 0.000
2009-10-08 0.000 0.000
2009-07-17 0.000 0.000
2009-07-16 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Marriott International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.1x coverage).
X
Income/ dividend checks
We assess Marriott International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Marriott International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Marriott International has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MAQ Management

 What is the CEO of Marriott International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Arne Sorenson
COMPENSATION $12,933,992
AGE 60
TENURE AS CEO 8.1 years
CEO Bio

Mr. Arne M. Sorenson has been the Chief Executive Officer of Marriott International, Inc. since March 31, 2012 and its President since May 1, 2009 with responsibility for the performance and growth of all of its worldwide brands and businesses. Mr. Sorenson served as the Chief Operating Officer of Marriott International, Inc. since May 1, 2009. He served as the President of Continental European Lodging at Marriott International Inc. since January 2003 and served as its Executive Vice President and Chief Financial Officer from 1998 to May 1, 2009 and was responsible for lodging operations and development in the continental European region, as well as its finance, treasury and financial planning and analysis functions. He served as the Principal Accounting Officer at Marriott International Inc. He joined Marriott in 1996 and served as its Senior Vice President of Business Development until 1998. He was instrumental in Marriott International Inc.'s acquisition of Renaissance Hotel Group in 1997. He served as a Partner of Latham & Watkins in Washington, D.C., where Mr. Sorenson played a key role from 1992 to 1993 in the distribution of Marriott by Marriott and specialized in mergers and acquisitions litigation. In 2008, he launched Marriott's rainforest preservation partnership with the Amazonas Sustainable Foundation in Brazil. He co-chairs Green Council of Marriott. He served as the Chairman at Corporation for Travel Promotion since January 22, 2015 until October 2016. He has been a Director of Corporation for Travel Promotion (aka: Brand USA) since October 1, 2012. He has been a Director of Marriott International, Inc. since February 2011. He served as an Independent Director of Wal-Mart Stores Inc. from June 6, 2008 to May 3, 2013. Mr. Sorenson served as Vice Chair of the President’s Export Council. He is the immediate past Board Chair for Brand USA and continues as a member of the Board. He was most recently elected to the Microsoft Board of Directors. Other affiliations include: Chair, U.S. Travel Association CEO Roundtable; member of Business Roundtable; member of the Business Council; member of the Board of the Warrior Scholar Project; member of the Luther College Board of Regents; Stewardship Board of the World Economic Forum System Initiative on Shaping the Future of Mobility; and member of the Board of Trustees for The Brookings Institution. e holds a Bachelor of Arts degree from Luther College in Decorah, Iowa and a J.D. from the University of Minnesota Law School.

CEO Compensation
  • Arne's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Arne's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Marriott International management team in years:

4.6
Average Tenure
59.5
Average Age
  • The tenure for the Marriott International management team is about average.
Management Team

Arne Sorenson

TITLE
President
COMPENSATION
$13M
AGE
60
TENURE
8.1 yrs

Leeny Oberg

TITLE
Executive VP & CFO
COMPENSATION
$5M
AGE
58
TENURE
4.3 yrs

Dave Grissen

TITLE
Group President of the Americas
COMPENSATION
$5M
AGE
62

Stephanie Linnartz

TITLE
Group President of Consumer Operations
COMPENSATION
$5M
AGE
50
TENURE
11.8 yrs

Tony Capuano

TITLE
Group President of Global Development
COMPENSATION
$6M
AGE
53
TENURE
0.3 yrs

Bill Marriott

TITLE
Executive Chairman of the Board
COMPENSATION
$3M
AGE
87

Matt Muserlian

TITLE
Director Of Operations

Rena Reiss

TITLE
Executive VP & General Counsel
AGE
59
TENURE
2.3 yrs

Tricia Primrose

TITLE
Executive VP and Global Chief Communications & Public Affairs Officer
TENURE
4.6 yrs

David Rodriguez

TITLE
Executive VP & Global Chief Human Resources Officer
AGE
60
TENURE
13.7 yrs
Board of Directors Tenure

Average tenure and age of the Marriott International board of directors in years:

11.9
Average Tenure
64
Average Age
  • The average tenure for the Marriott International board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Arne Sorenson

TITLE
President
COMPENSATION
$13M
AGE
60
TENURE
9.2 yrs

Bill Marriott

TITLE
Executive Chairman of the Board
COMPENSATION
$3M
AGE
87
TENURE
35.3 yrs

Debbie Harrison

TITLE
Global Officer of Marriott Culture & Business Councils and Director
AGE
62
TENURE
5.8 yrs

Arthur Gillis

TITLE
Non-Executive Chairman of Africa Development
TENURE
6 yrs

Larry Kellner

TITLE
Lead Director
COMPENSATION
$280K
AGE
60

Steve Reinemund

TITLE
Independent Director
COMPENSATION
$265K
AGE
71
TENURE
13 yrs

Fritz Henderson

TITLE
Independent Director
COMPENSATION
$270K
AGE
60
TENURE
6.9 yrs

George Muñoz

TITLE
Independent Director
COMPENSATION
$286K
AGE
67
TENURE
17.7 yrs

Debra Lee

TITLE
Independent Director
COMPENSATION
$264K
AGE
64
TENURE
15.8 yrs

Mary Bush

TITLE
Independent Director
COMPENSATION
$260K
AGE
71
TENURE
11.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
30. Dec 19 Sell Alex Kyriakidis Individual 27. Dec 19 27. Dec 19 -1,800 €136.75 €-246,145
20. Dec 19 Sell David Rodriguez Individual 19. Dec 19 19. Dec 19 -6,728 €134.69 €-906,162
19. Dec 19 Sell George Muñoz Individual 18. Dec 19 18. Dec 19 -5,757 €133.65 €-769,412
19. Dec 19 Sell Alex Kyriakidis Individual 18. Dec 19 18. Dec 19 -2,300 €133.91 €-307,990
18. Dec 19 Sell Juliana Marriott Individual 17. Dec 19 17. Dec 19 -20,000 €133.53 €-2,670,613
17. Dec 19 Sell Stephanie Linnartz Individual 16. Dec 19 16. Dec 19 -8,545 €133.01 €-1,136,540
13. Dec 19 Sell Alex Kyriakidis Individual 12. Dec 19 12. Dec 19 -2,400 €130.24 €-312,568
12. Dec 19 Sell Arne Sorenson Individual 11. Dec 19 11. Dec 19 -47,824 €128.22 €-6,131,942
12. Dec 19 Sell William Brown Individual 05. Dec 19 05. Dec 19 -3,732 €125.42 €-468,058
09. Dec 19 Sell David Marriott Individual 06. Dec 19 06. Dec 19 -17,833 €128.80 €-2,296,883
05. Dec 19 Sell John Marriott Individual 03. Dec 19 03. Dec 19 -21,700 €124.66 €-2,705,123
02. Dec 19 Sell Alex Kyriakidis Individual 27. Nov 19 27. Nov 19 -1,500 €128.65 €-192,977
26. Nov 19 Sell Alex Kyriakidis Individual 25. Nov 19 25. Nov 19 -2,100 €125.13 €-262,773
18. Nov 19 Sell Alex Kyriakidis Individual 14. Nov 19 14. Nov 19 -1,100 €121.88 €-134,063
13. Sep 19 Sell George Muñoz Individual 12. Sep 19 12. Sep 19 -4,866 €120.99 €-588,716
18. Jul 19 Sell John Marriott Individual 28. Mar 19 20. Jun 19 -22,750 €121.52 €-2,668,855
01. Jul 19 Sell Alex Kyriakidis Individual 28. Jun 19 28. Jun 19 -7,964 €122.84 €-978,287
25. Jun 19 Sell Alex Kyriakidis Individual 24. Jun 19 24. Jun 19 -6,642 €120.11 €-797,746
21. Jun 19 Sell David Grissen Individual 20. Jun 19 20. Jun 19 -13,686 €121.39 €-1,661,288
29. May 19 Sell George Muñoz Individual 28. May 19 28. May 19 -3,428 €112.03 €-384,035
16. May 19 Sell Alex Kyriakidis Individual 15. May 19 15. May 19 -11,000 €114.96 €-1,264,537
15. May 19 Buy Margaret McCarthy Individual 14. May 19 14. May 19 2,000 €116.73 €233,455
X
Management checks
We assess Marriott International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Marriott International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MAQ News

Simply Wall St News

MAQ Company Info

Description

Marriott International, Inc. operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St. Regis, EDITION, Bulgari, Marriott Hotels, Sheraton, Delta Hotels, Marriott Executive Apartments, Marriott Vacation Club, Westin, Renaissance, Le Méridien, Autograph Collection, Gaylord Hotels, Tribute Portfolio, Design Hotels, Courtyard, Residence Inn, Fairfield by Marriott, SpringHill Suites, Four Points, TownePlace Suites, Aloft, AC Hotels by Marriott, Protea Hotels, Element, and Moxy brand names. As of February 3, 2020, it operated approximately 7,300 properties under 30 hotel brands in 134 countries and territories. Marriott International, Inc. was founded in 1927 and is headquartered in Bethesda, Maryland.

Details
Name: Marriott International, Inc.
MAQ
Exchange: DB
Founded: 1927
$17,754,394,400
324,214,545
Website: http://www.marriott.com
Address: Marriott International, Inc.
10400 Fernwood Road,
Bethesda,
Maryland, 20817,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS MAR Class A Common Stock Nasdaq Global Select US USD 23. Mar 1998
DB MAQ Class A Common Stock Deutsche Boerse AG DE EUR 23. Mar 1998
LSE 0JYW Class A Common Stock London Stock Exchange GB USD 23. Mar 1998
WBAG MAR Class A Common Stock Wiener Boerse AG AT EUR 23. Mar 1998
ETLX MAQ Class A Common Stock Eurotlx IT EUR 23. Mar 1998
BOVESPA M1TT34 BDR EACH 4 REPR 1 COM Bolsa de Valores de Sao Paulo BR BRL 27. Jan 2020
Number of employees
Current staff
Staff numbers
174,000
Marriott International employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 21:41
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.