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: $393.07 DETAILS
HIGH: $446.00
LOW: $350.00
MEDIAN: $392.00
CONSENSUS: $393.07
UPSIDE: 5.60%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong
Trading 111.2% above fair value
Current Price $372.24
Bear Case $163.68 56.0% downside ($163.68 - $372.24) / $372.24 = -56.0% 3% stage 1 growth, 11% discount
Fair Value $176.26 52.6% downside ($176.26 - $372.24) / $372.24 = -52.6% 3% stage 1 growth, 11% discount
Bull Case $205.08 44.9% downside ($205.08 - $372.24) / $372.24 = -44.9% 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 47.3x
Market is pricing in (growth) 20.4% vs our 3.5% base

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 $393.07 from 52 analysts, using a 35% weight on analyst consensus. That produces an estimated intrinsic value of $176.26 per share.

Warnings

Wall Street's average price target is $393.07 (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