Stock Analysis on Net

Hilton Worldwide Holdings Inc. (NYSE:HLT)

This company has been moved to the archive! The financial data has not been updated since August 7, 2024.

Price to FCFE (P/FCFE) 

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Free Cash Flow to Equity (FCFE)

Hilton Worldwide Holdings Inc., FCFE calculation

US$ in millions

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12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income (loss) attributable to Hilton stockholders 1,141 1,255 410 (715) 881
Net (income) loss attributable to noncontrolling interests 10 2 (3) (5) 5
Net noncash charges 751 439 (141) 1,320 483
Changes in operating assets and liabilities 44 (15) (157) 108 15
Net cash provided by operating activities 1,946 1,681 109 708 1,384
Capital expenditures for property and equipment (151) (39) (35) (46) (81)
Capitalized software costs (96) (63) (44) (46) (124)
Borrowings 609 23 1,510 4,590 2,200
Repayment of debt (183) (48) (3,230) (2,121) (1,547)
Debt issuance costs and redemption premium (20) (76) (71) (29)
Free cash flow to equity (FCFE) 2,105 1,554 (1,766) 3,014 1,803

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Hilton Worldwide Holdings Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Hilton Worldwide Holdings Inc. FCFE increased from 2021 to 2022 and from 2022 to 2023.

Price to FCFE Ratio, Current

Hilton Worldwide Holdings Inc., current P/FCFE calculation, comparison to benchmarks

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No. shares of common stock outstanding 246,427,097
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions) 2,105
FCFE per share 8.54
Current share price (P) 203.52
Valuation Ratio
P/FCFE 23.83
Benchmarks
P/FCFE, Competitors1
Airbnb Inc. 22.35
Booking Holdings Inc. 19.78
Chipotle Mexican Grill Inc. 0.07
McDonald’s Corp. 20.34
Starbucks Corp. 27.60
P/FCFE, Sector
Consumer Services 20.61
P/FCFE, Industry
Consumer Discretionary 38.18

Based on: 10-K (reporting date: 2023-12-31).

1 Click competitor name to see calculations.

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


Price to FCFE Ratio, Historical

Hilton Worldwide Holdings Inc., historical P/FCFE calculation, comparison to benchmarks

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
No. shares of common stock outstanding1 252,160,518 266,450,664 279,139,082 277,607,799 277,447,716
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2 2,105 1,554 (1,766) 3,014 1,803
FCFE per share3 8.35 5.83 -6.33 10.86 6.50
Share price1, 4 196.03 150.80 156.34 111.43 112.94
Valuation Ratio
P/FCFE5 23.48 25.86 10.26 17.38
Benchmarks
P/FCFE, Competitors6
Airbnb Inc. 25.72 24.76 54.32 99.90
Booking Holdings Inc. 15.89 11.52 69.03 37.59 15.41
Chipotle Mexican Grill Inc. 58.77 52.59 51.88 149.64 59.04
McDonald’s Corp. 20.85 28.85 30.21 22.96 17.47
Starbucks Corp. 29.75 34.82 45.80 20.79 20.35
P/FCFE, Sector
Consumer Services 22.99 23.78 42.78 32.80 18.62
P/FCFE, Industry
Consumer Discretionary 30.84 36.19 82.92 32.04 28.99

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2023 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 2,105,000,000 ÷ 252,160,518 = 8.35

4 Closing price as at the filing date of Hilton Worldwide Holdings Inc. Annual Report.

5 2023 Calculation
P/FCFE = Share price ÷ FCFE per share
= 196.03 ÷ 8.35 = 23.48

6 Click competitor name to see calculations.