MAR - Marriott International, Inc.
Price:
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$386.71
DETAILS
HIGH:
$449.00
LOW:
$343.00
MEDIAN:
$389.00
CONSENSUS:
$386.71
UPSIDE:
15.54%
AlphaVal
Deterministic, archetype-aware fair value
Platform & Compounding FCF
85% confidence
Primary model: Two-stage FCF DCF
Adjust Assumptions
3.4%
11.0%
3.0%
Key Value Driver
FCF growth rate (3% base case)
Terminal Value % of EV
33%
Implied Market Multiple
34.1x
Market is pricing in (growth)
16.1%
vs our 3.4% base
Plain-Language Summary
Using a two-stage FCF DCF with 3% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $91.01 per share.
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.
Average Target (52 analysts)
$386.71
Analyst Range
$343.00 – $449.00
Divergence from AlphaVal
76%
Warnings
Wall Street's average price target is $386.71 (from 52 analysts). Our estimate is 76% below the consensus -- consider that gap carefully.
Key Risks
- P/E alone misleads — earnings depressed by growth investment
- Cyclical or commodity businesses may be misclassified as platforms
- Terminal value dominance suggests sensitivity to long-run assumptions