Wyndham Hotels & Resorts, Inc. (WH)
Fair ValueFundamental
60
मूल्य
$71.84
मार्केट कैप
$5.14B
भाग 1 · कंपनी का मूल्य कितना है
अवलोकन
Wyndham franchises hotels rather than owning them: it licenses brands such as Days Inn, Super 8, Ramada and Wyndham to independent and small-chain hotel owners around the world, who pay to use the name, the central reservation system and the Wyndham Rewards loyalty program. It operates through more than 6,200 franchisees and is concentrated in economy and midscale hotels rather than luxury. It owns almost none of the real estate its brands appear on.
यह पैसा कैसे कमाती है
Franchisees pay Wyndham a royalty of roughly 5% of their room revenue for the right to use its brand, plus a separate marketing and reservation fee of 2-4% of room revenue that funds the shared booking system and Wyndham Rewards program rather than flowing through as profit. A smaller stream is a licensing fee from Travel + Leisure, its former parent, under an agreement dating to its 2018 spin-off — revenue tied to a legacy contract rather than to hotels Wyndham operates today.
सेगमेंट के अनुसार राजस्व
Core brand-licensing income, roughly 5% of a franchised hotel's room revenue, the most direct measure of Wyndham's franchise business.
Fees that fund the shared reservation system and marketing; largely pass-through spending rather than pure profit for Wyndham.
Ancillary revenue from other services Wyndham provides to franchisees and hotel owners beyond core royalties.
A contractual licensing fee paid by Travel + Leisure, the vacation-ownership business Wyndham spun off in 2018, unrelated to hotel operations.
Fees tied to running the Wyndham Rewards loyalty program, funded by participating hotels and partners.
प्रतिस्पर्धी बढ़त (Moat)
स्विचिंग कॉस्ट · संकीर्णFranchise agreements typically run 10 to 20 years, and switching a hotel's brand mid-agreement means new signage, systems and lost access to Wyndham's reservation pipeline and loyalty members — a real cost for the franchisee. That keeps existing hotels in the system, but it does not stop Wyndham from having to win every new franchise deal against Choice, Best Western and other economy-brand rivals.
मांग को क्या चलाता है
चक्रीयFranchise and marketing fees are calculated as a percentage of franchisees' room revenue, so they rise and fall with hotel occupancy and room rates, which the company itself ties to economic conditions such as inflation, interest rates, employment and discretionary income — travel spending is one of the first things households and businesses cut in a downturn.
प्रमुख जोखिम
- Franchisee performance drives fee revenue — Royalties and marketing fees are a percentage of franchisees' room revenue, so a weak year for individual hotel owners — due to location, competition or local conditions — reduces Wyndham's own revenue.
- Economic and travel-demand downturns — The company names recessionary pressures, inflation and reduced discretionary income among the economic factors that can cut hotel demand and therefore franchise fees.
- Brand and reputation risk — Franchisees' and guests' perception of a brand affects every hotel flying that flag; cyber incidents or reputational damage at the corporate level can hit revenue system-wide.
- Dependence on a legacy licensing agreement — A meaningful slice of revenue is a fee from Travel + Leisure under a contract tied to Wyndham's 2018 spin-off, a revenue source outside its own hotel-franchising operations.
खरीदने के पक्ष में तर्क
Buyers argue that Wyndham's economy and midscale focus is more resilient than luxury hotels in a downturn since travelers trade down rather than stop traveling, that long franchise agreements and a loyalty program give it recurring, high-margin fee income with almost no real-estate risk, and that the model scales without Wyndham having to fund new hotel construction itself.
बेचने के पक्ष में तर्क
Sellers worry that franchise and marketing fees are ultimately a percentage of what individual hotel owners earn, so a broad travel slowdown hits Wyndham indirectly but still meaningfully, that competition among economy-brand franchisors for the same hotel owners limits pricing power, and that a slice of revenue depends on a legacy contract with its former parent rather than the core franchising business.
Written by the editors, published on 18 अगस्त 2026
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बैलेंस शीट और तरलता
राजस्व
$1.42B
पिछले 12 महीने (30/6/2026 तक)
शुद्ध आय
$208M
पिछले 12 महीने (30/6/2026 तक)
Free Cash Flow
$321M
कुल इक्विटी
$468M
कुल देनदारियाँ
$3.71B
Current Ratio
0.99
Interest Coverage
3.01
Debt/EBITDA
5.77
Earnings Per Share
राजस्व और शुद्ध आय
Free Cash Flow
आय विवरण
ऐतिहासिक विवरण
समय के साथ मार्जिन
समय के साथ ऋण
ऋण कितना भारी है
वृद्धि तालिका
वृद्धि — राजस्व
Fair Value अनुमान
Fair Value
$82.23
वर्तमान मूल्य
$71.84
Margin of Safety
+12.6%
Fair Value सीमा
$53.45 - $111.02
इस्तेमाल किए गए valuation methods के बीच का फैलाव, कोई सांख्यिकीय रूप से calibrated confidence interval नहीं।
अनुमान विधियाँ
मूल्यांकन मेट्रिक्स
P/E Ratio
26.12
ROE
41.2%
P/B Ratio
11.11
P/FCF
16.51
Gross Margin
-
ROIC
8.8%
लाभप्रदता Radar
मूल्य सृजन (प्रतिस्पर्धी बढ़त)
ROIC
8.8%
WACC
6.8%
ROIC − WACC
+2.1 pp
ROIC पूंजी की लागत से अधिक है — कंपनी शेयरधारकों के लिए मूल्य सृजित कर रही है।
Fundamental विश्लेषण मानदंड
पास (17)
- EPS shows upward trend
- Price CAGR 5.44%
- ROIC 8.8%
- P/FCF 16.51
- Operating Margin 30.2%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- ROE 42.1%
- Analyst Consensus 84% Buy
- Earnings Surprise avg 2.5%
- Earnings Quality (OCF/NI) 1.78
- Share Dilution -3.6%
- Piotroski F-Score 5/9
फेल (8)
- EPS CAGR 3.98%
- P/B Ratio 11.11
- Debt/Equity ratio
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- Revenue Growth 5Y 1.9%
- Net Margin Trend 14.7% vs 23.2%
अनुपलब्ध (3)
- Gross Margin NaN%
- Dividend Payout NaN%
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-Score
मिश्रित संकेत: कुछ क्षेत्रों पर ध्यान देना आवश्यक
Earnings गुणवत्ता
उच्च गुणवत्ता: earnings नकदी द्वारा समर्थित
शेयर Dilution
शेयर वापस खरीद रही है। शेयरधारक अनुकूल
संस्थागत होल्डिंग
प्रशासन
कार्यकारी टीम
| नाम | पद | आयु |
|---|---|---|
| Mr. Geoffrey A. Ballotti | President, CEO & Director | 63 |
| Mr. Paul F. Cash | General Counsel, Chief Compliance Officer & Corporate Secretary | 55 |
| Ms. Monica Melancon | Chief Human Resource Officer | 57 |
| Mr. Scott R. Strickland | Chief Commercial Officer | 54 |
| Mr. Amit Sripathi | Chief Financial Officer | - |
| Mr. Christopher Androski | Senior VP, Controller & Chief Accounting Officer | 51 |
| Mr. Matt Capuzzi | Senior Vice President of Investor Relations | - |
| Mr. Dimitris Manikis | President of Europe, Middle East, Eurasia & Africa | - |
| Mr. Joon Aun Ooi | President of Asia Pacific | - |
| Mr. Shilpan Patel | Executive Vice President of North America Franchise Operations | - |
Audit जोखिम
5
बोर्ड जोखिम
4
मुआवजा जोखिम
7
शेयरधारक अधिकार जोखिम
1
भाग 2 · कीमत और खरीदने का समय
यह हिस्सा यह नहीं बताता कि कंपनी अच्छी है या नहीं: यह तय करने में मदद करता है कि उसे कब खरीदें, जब फंडामेंटल आपको आश्वस्त कर चुके हों। इसमें: तकनीकी विश्लेषण, संभावना, ऐतिहासिक गिरावट, गामा एक्सपोज़र।
दस्तावेज़
- दस्तावेज़ देखें
वार्षिक रिपोर्ट (10-K)
कंपनी के कारोबार, वित्तीय नतीजों और जोखिमों का वार्षिक सिंहावलोकन।
दाखिल तिथि: 2026-02-19
- दस्तावेज़ देखें
तिमाही रिपोर्ट (10-Q)
पिछले तीन महीनों के वित्तीय प्रदर्शन का अपडेट।
दाखिल तिथि: 2026-07-23
- दस्तावेज़ देखें
विशेष रिपोर्ट (8-K)
किसी बड़ी घटना, जैसे नेतृत्व में बदलाव या बड़ी घोषणा, की सूचना।
दाखिल तिथि: 2026-07-22
via SEC EDGAR
आय का इतिहास
via SEC EDGAR
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