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: $389.25 DETAILS
HIGH: $426.00
LOW: $343.00
MEDIAN: $394.00
CONSENSUS: $389.25
DOWNSIDE: 1.39%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong
Trading 178.1% above fair value
Current Price $394.75
Bear Case $102.24 74.1% downside ($102.24 - $394.75) / $394.75 = -74.1% 4% stage 1 growth, 11% discount
Fair Value $141.94 64.0% downside ($141.94 - $394.75) / $394.75 = -64.0% 7% stage 1 growth, 11% discount
Bull Case $178.23 54.8% downside ($178.23 - $394.75) / $394.75 = -54.8% 9% stage 1 growth, 11% discount

Adjust Assumptions

7.3%
11.0%
3.0%

Key Value Driver

FCF growth rate (7% base case)

Terminal Value % of EV 37%
Implied Market Multiple 39.2x
Market is pricing in (growth) 18.0% vs our 7.3% base

Plain-Language Summary

Using a two-stage FCF DCF with 7% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $141.94 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) $389.25
Analyst Range $343.00 – $426.00
Divergence from AlphaVal 64%

Warnings

ℹ Wall Street's average price target is $389.25 (from 52 analysts). Our estimate is 64% 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