Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Full Access

See Pricing Start Trial

Marriott International, Inc. (MAR)

Company Dividend Discount ModelIndustry: Travel LodgingSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$159.76 - $316.77$221.30
Multi-Stage$143.50 - $156.90$150.07
Blended Fair Value$185.69
Current Price$260.44
Upside-28.70%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS2.19%11.83%2.472.131.160.000.562.221.971.741.350.92
YoY Growth--16.18%82.87%0.00%-100.00%-74.51%12.71%12.66%28.88%47.83%13.45%
Dividend Yield--1.04%0.85%0.70%0.00%0.38%2.96%1.54%1.28%1.44%1.29%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,611.00
(-) Cash Dividends Paid (M)715.00
(=) Cash Retained (M)1,896.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)522.20326.38195.83
Cash Retained (M)1,896.001,896.001,896.00
(-) Cash Required (M)-522.20-326.38-195.83
(=) Excess Retained (M)1,373.801,569.631,700.18
(/) Shares Outstanding (M)276.23276.23276.23
(=) Excess Retained per Share4.975.686.15
LTM Dividend per Share2.592.592.59
(+) Excess Retained per Share4.975.686.15
(=) Adjusted Dividend7.568.278.74
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate4.17%5.17%6.17%
Fair Value$159.76$221.30$316.77
Upside / Downside-38.66%-15.03%21.63%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,611.002,745.932,887.833,037.063,194.003,359.053,459.83
Payout Ratio27.38%39.91%52.43%64.95%77.48%90.00%92.50%
Projected Dividends (M)715.001,095.831,514.101,972.682,474.613,023.153,200.34

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate4.17%5.17%6.17%
Year 1 PV (M)994.891,004.441,013.99
Year 2 PV (M)1,248.021,272.101,296.41
Year 3 PV (M)1,476.241,519.171,562.92
Year 4 PV (M)1,681.291,746.791,814.18
Year 5 PV (M)1,864.791,956.032,050.81
PV of Terminal Value (M)32,372.6333,956.6335,602.03
Equity Value (M)39,637.8741,455.1543,340.33
Shares Outstanding (M)276.23276.23276.23
Fair Value$143.50$150.07$156.90
Upside / Downside-44.90%-42.38%-39.76%

High-Yield Dividend Screener

« Prev Page 7 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
AZK.MCAzkoyen, S.A.10.20%$0.9060.65%
KAPIAB.STKallebäck Property Invest AB (publ)10.19%$21.0091.25%
0071.HKMiramar Hotel and Investment Company, Limited10.18%$1.0543.56%
SOND3.SASondotécnica Engenharia de Solos S.A.10.15%$4.8748.70%
0F6L.LEtablissements Maurel & Prom S.A.10.14%$0.5723.09%
SCCC-R.BKSiam City Cement Public Company Limited10.13%$14.4378.86%
2666.HKGenertec Universal Medical Group Company Limited10.12%$0.6027.87%
0G67.LSparebanken Vest10.11%$19.9465.51%
BY6.FBYD Company Limited10.11%$1.1123.20%
0N4Y.ILEtn. Fr. Colruyt NV10.10%$3.2128.64%
AMAG.JKPT Asuransi Multi Artha Guna Tbk10.10%$40.0099.08%
COLR.BRColruyt Group N.V.10.10%$3.2128.64%
2638.HKHK Electric Investments and HK Electric Investments Limited10.09%$0.6490.04%
GBUS.MIGibus S.p.A.10.09%$1.0050.80%
PT.BKPremier Technology Public Company Limited10.08%$1.2099.46%
1606.HKChina Development Bank Financial Leasing Co., Ltd.10.05%$0.1824.74%
CITA.JKPT Cita Mineral Investindo Tbk10.05%$445.0053.80%
BJTM.JKPT Bank Pembangunan Daerah Jawa Timur Tbk10.04%$54.7160.03%
EZTC3.SAEZTEC Empreendimentos e Participações S.A.10.04%$1.3855.20%
CRES.BACresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria10.03%$194.1967.22%
0NX1.ILAalberts N.V.10.02%$2.8278.30%
Q-CON.BKQuality Construction Products Public Company Limited10.02%$0.6577.43%
QHHR.BKQuality Houses Hotel and Residence Freehold and Leasehold Property Fund10.01%$0.6729.76%
DPAM.PALes Docks des Pétroles d'Ambès -SA10.00%$92.0087.00%
ITNS.BKInternational Network System Public Company Limited10.00%$0.1589.11%
SMSM.JKPT Selamat Sempurna Tbk10.00%$175.0091.04%
9578.SRAtlas Elevators General Trading and Contracting Co.9.98%$1.5253.96%
1044.HKHengan International Group Company Limited9.96%$2.8161.10%
2282.HKMGM China Holdings Limited9.95%$1.2956.05%
036530.KSSNT Holdings Co., Ltd.9.94%$5,467.3751.15%
V03.SIVenture Corporation Limited9.94%$1.5188.95%
1118.HKGolik Holdings Limited9.91%$0.1221.69%
AJ91.DEDocCheck AG9.90%$1.2583.74%
SUSCO.BKSusco Public Company Limited9.90%$0.2172.28%
0267.HKCITIC Limited9.89%$1.2233.15%
AZJ.AXAurizon Holdings Limited9.89%$0.3687.87%
NOS.LSNos, S.g.p.s., S.a.9.89%$0.4080.94%
1113.HKCK Asset Holdings Limited9.84%$3.9651.18%
GC.BKGlobal Connections Public Company Limited9.79%$0.3985.45%
LLBN.SWLiechtensteinische Landesbank AG9.78%$8.2074.94%
001120.KSLX International Corp.9.77%$3,127.2297.53%
GVF.AXStaude Capital Global Value Fund Limited9.73%$0.1454.60%
0023.HKThe Bank of East Asia, Limited9.72%$1.3143.70%
HBTS5.SACompanhia Habitasul de Participações9.72%$2.8363.33%
LAVV3.SALavvi Empreendimentos Imobiliários S.A.9.70%$1.5362.21%
POPF.BKPrime Office Leasehold Property Fund9.70%$0.6681.20%
ASRNL.ASASR Nederland N.V.9.68%$5.9273.33%
0QMG.LSwiss Life Holding AG9.66%$50.7872.66%
1292.HKChangan Minsheng APLL Logistics Co., Ltd.9.66%$0.3852.62%
GMI.SWGroupe Minoteries S.A.9.65%$22.0062.67%