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: $393.29 DETAILS
HIGH: $449.00
LOW: $350.00
MEDIAN: $392.00
CONSENSUS: $393.29
UPSIDE: 7.39%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong
Trading 107.7% above fair value
Current Price $366.24
Bear Case $163.75 55.3% downside ($163.75 - $366.24) / $366.24 = -55.3% 3% stage 1 growth, 11% discount
Fair Value $176.34 51.9% downside ($176.34 - $366.24) / $366.24 = -51.9% 3% stage 1 growth, 11% discount
Bull Case $205.17 44.0% downside ($205.17 - $366.24) / $366.24 = -44.0% 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 46.6x
Market is pricing in (growth) 20.2% 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 $393.29 from 52 analysts, using a 35% weight on analyst consensus. That produces an estimated intrinsic value of $176.34 per share.

Warnings

Wall Street's average price target is $393.29 (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