Marriott International, Inc. logo MAR - Marriott International, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 23
HOLD 28
SELL 1
STRONG
SELL
0
| PRICE TARGET: $390.85 DETAILS
HIGH: $446.00
LOW: $350.00
MEDIAN: $386.00
CONSENSUS: $390.85
UPSIDE: 5.88%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong
Trading 110.4% above fair value
Current Price $369.15
Bear Case $162.96 55.9% downside ($162.96 - $369.15) / $369.15 = -55.9% 3% stage 1 growth, 11% discount
Fair Value $175.49 52.5% downside ($175.49 - $369.15) / $369.15 = -52.5% 3% stage 1 growth, 11% discount
Bull Case $204.17 44.7% downside ($204.17 - $369.15) / $369.15 = -44.7% 5% stage 1 growth, 11% discount

Adjust Assumptions

3.5%
11.0%
3.0%

Key Value Driver

FCF growth rate (3% base case)

Terminal Value % of EV 33%
Implied Market Multiple 46.9x

Plain-Language Summary

Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $390.85 from 52 analysts, using a 35% weight on analyst consensus. That produces an estimated intrinsic value of $175.49 per share.

Warnings

Wall Street's average price target is $390.85 (from 52 analysts). Our estimate is 85% 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