Stock Analysis on Net

Marriott International Inc. (NASDAQ:MAR)

This company has been moved to the archive! The financial data has not been updated since May 11, 2020.

Enterprise Value to EBITDA (EV/EBITDA) 

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Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Marriott International Inc., EBITDA calculation

US$ in millions

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12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net income 1,273 1,907 1,372 780 859
Add: Income tax expense 326 438 1,464 404 396
Earnings before tax (EBT) 1,599 2,345 2,836 1,184 1,255
Add: Interest expense 394 340 288 234 167
Earnings before interest and tax (EBIT) 1,993 2,685 3,124 1,418 1,422
Add: Depreciation, amortization, and other 403 284 290 168 139
Earnings before interest, tax, depreciation and amortization (EBITDA) 2,396 2,969 3,414 1,586 1,561

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. Marriott International Inc. EBITDA decreased from 2017 to 2018 and from 2018 to 2019.

Enterprise Value to EBITDA Ratio, Current

Marriott International Inc., current EV/EBITDA calculation, comparison to benchmarks

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Selected Financial Data (US$ in millions)
Enterprise value (EV) 37,405
Earnings before interest, tax, depreciation and amortization (EBITDA) 2,396
Valuation Ratio
EV/EBITDA 15.61
Benchmarks
EV/EBITDA, Competitors1
Airbnb Inc. 34.84
Booking Holdings Inc. 24.35
Chipotle Mexican Grill Inc.
McDonald’s Corp. 17.66
Starbucks Corp. 16.59
EV/EBITDA, Sector
Consumer Services 25.19
EV/EBITDA, Industry
Consumer Discretionary 37.84

Based on: 10-K (reporting date: 2019-12-31).

1 Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.


Enterprise Value to EBITDA Ratio, Historical

Marriott International Inc., historical EV/EBITDA calculation, comparison to benchmarks

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Enterprise value (EV)1 49,504 51,303 58,357 41,398 20,472
Earnings before interest, tax, depreciation and amortization (EBITDA)2 2,396 2,969 3,414 1,586 1,561
Valuation Ratio
EV/EBITDA3 20.66 17.28 17.09 26.10 13.11
Benchmarks
EV/EBITDA, Competitors4
Airbnb Inc.
Booking Holdings Inc. 10.49
Chipotle Mexican Grill Inc. 34.03
McDonald’s Corp. 17.65
Starbucks Corp. 17.27 11.72
EV/EBITDA, Sector
Consumer Services 16.04
EV/EBITDA, Industry
Consumer Discretionary 17.75

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 See details »

2 See details »

3 2019 Calculation
EV/EBITDA = EV ÷ EBITDA
= 49,504 ÷ 2,396 = 20.66

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/EBITDA Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. Marriott International Inc. EV/EBITDA ratio increased from 2017 to 2018 and from 2018 to 2019.