MELIA HOTELS INTERNATIONAL, S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.81 EUR | +0.97% |
|
+3.58% | +31.04% |
| May. 13 | MELIA HOTELS INTERNATIONAL : Integrating the recent outlook upgrade |  |
| May. 13 | MELIA HOTELS INTERNATIONAL : Guidance upgrade; debt profile repair to begin to materialize in the Q2 | |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,791 | 1,259 | 1,321 | 1,008 | 1,312 | 1,720 | - | - |
| Enterprise Value (EV) 1 | 3,771 | 2,453 | 4,174 | 3,681 | 1,312 | 3,943 | 3,871 | 3,714 |
| P/E ratio | 16 x | -2.06 x | -6.82 x | 9.16 x | 11.2 x | 13.6 x | 12.6 x | 11.5 x |
| Yield | 1.88% | - | - | - | - | 0.74% | 1.25% | 1.88% |
| Capitalization / Revenue | 0.99 x | 2.38 x | 1.46 x | 0.6 x | 0.68 x | 0.85 x | 0.83 x | 0.8 x |
| EV / Revenue | 2.09 x | 4.64 x | 4.63 x | 2.18 x | 0.68 x | 1.95 x | 1.87 x | 1.73 x |
| EV / EBITDA | 7.89 x | -16.2 x | 33.3 x | 8.54 x | 2.68 x | 7.6 x | 7.2 x | 6.64 x |
| EV / FCF | 13.7 x | -8.12 x | 86.3 x | 9.67 x | - | 23.7 x | 25 x | 20.6 x |
| FCF Yield | 7.29% | -12.3% | 1.16% | 10.3% | - | 4.21% | 4% | 4.86% |
| Price to Book | 1.57 x | 2.65 x | 4.36 x | 2.44 x | - | 2.76 x | 2.34 x | 1.99 x |
| Nbr of stocks (in thousands) | 227,892 | 220,037 | 220,134 | 220,081 | 220,196 | 220,167 | - | - |
| Reference price 2 | 7.860 | 5.720 | 6.002 | 4.578 | 5.960 | 7.810 | 7.810 | 7.810 |
| Announcement Date | 2/26/20 | 2/25/21 | 2/28/22 | 2/28/23 | 2/29/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,801 | 528.4 | 902.4 | 1,692 | 1,932 | 2,023 | 2,067 | 2,146 |
| EBITDA 1 | 477.9 | -151.5 | 125.5 | 430.8 | 489.8 | 518.5 | 537.3 | 559.2 |
| EBIT 1 | 222.8 | -557.3 | -145.3 | 201.1 | 231 | 260.3 | 275.2 | 292.5 |
| Operating Margin | 12.37% | -105.47% | -16.11% | 11.89% | 11.96% | 12.87% | 13.31% | 13.63% |
| Earnings before Tax (EBT) 1 | 156.3 | -663.8 | -217.4 | 156.3 | 149.3 | 181.5 | 199.3 | 221.2 |
| Net income 1 | 112.9 | -595.9 | -192.9 | 110.7 | 117.7 | 124.8 | 136.5 | 152 |
| Net margin | 6.27% | -112.77% | -21.38% | 6.54% | 6.09% | 6.17% | 6.6% | 7.08% |
| EPS 2 | 0.4900 | -2.780 | -0.8800 | 0.5000 | 0.5300 | 0.5738 | 0.6198 | 0.6777 |
| Free Cash Flow 1 | 275 | -302.2 | 48.38 | 380.8 | - | 166 | 154.7 | 180.5 |
| FCF margin | 15.27% | -57.19% | 5.36% | 22.51% | - | 8.21% | 7.49% | 8.41% |
| FCF Conversion (EBITDA) | 57.54% | - | 38.54% | 88.39% | - | 32.02% | 28.8% | 32.27% |
| FCF Conversion (Net income) | 243.59% | - | - | 343.99% | - | 133% | 113.35% | 118.73% |
| Dividend per Share 2 | 0.1475 | - | - | - | - | 0.0580 | 0.0977 | 0.1470 |
| Announcement Date | 2/26/20 | 2/25/21 | 2/28/22 | 2/28/23 | 2/29/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 319.2 | 209.2 | 304.4 | 290.8 | 307.2 | 271.4 | 470.1 | 741.5 | 532 | 406.3 | - | 396.1 | 513.7 | 909.7 | 568.5 | 453.9 | - | 440.1 | - | - | - | - |
| EBITDA 1 | -71.3 | -80.2 | 1.542 | 63.1 | 60.93 | 22.7 | 140.6 | 163.3 | 165.2 | 102.2 | 267.5 | 77.92 | 140.6 | 218.5 | 168.4 | 102.9 | 271.2 | 97.9 | - | - | - | - |
| EBIT 1 | -308.5 | - | -126.8 | -3.5 | -15.05 | -43.8 | 83.95 | 40.14 | 93.7 | 67.2 | - | 14.36 | 77.71 | - | 103.1 | 35.8 | - | 34.9 | - | - | - | - |
| Operating Margin | -96.66% | - | -41.64% | -1.2% | -4.9% | -16.14% | 17.86% | 5.41% | 17.61% | 16.54% | - | 3.63% | 15.13% | - | 18.14% | 7.89% | - | 7.93% | - | - | - | - |
| Earnings before Tax (EBT) 1 | -392.7 | - | -168.4 | -16.8 | -32.19 | -61 | 66 | 4.985 | 79.5 | 71.9 | - | -6.17 | 67.74 | - | 83.3 | 4.417 | - | 7.3 | - | - | - | - |
| Net income 1 | -358.6 | - | -151.2 | -15.1 | -26.6 | -59.3 | 62.33 | 2.981 | 49.6 | 58.1 | - | -0.49 | 42.98 | - | 53.4 | 21.83 | - | 7.5 | 41.64 | 51.69 | 13.26 | - |
| Net margin | -112.35% | - | -49.68% | -5.19% | -8.66% | -21.85% | 13.26% | 0.4% | 9.32% | 14.3% | - | -0.12% | 8.37% | - | 9.39% | 4.81% | - | 1.7% | - | - | - | - |
| EPS | - | - | - | -0.0700 | -0.1200 | -0.2700 | 0.2800 | - | 0.2300 | 0.2600 | - | - | 0.1900 | - | - | - | - | - | 0.1891 | 0.2348 | 0.0602 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.1295 | - |
| Announcement Date | 7/30/20 | 2/25/21 | 7/28/21 | 11/5/21 | 2/28/22 | 5/11/22 | 7/26/22 | 7/26/22 | 11/3/22 | 2/28/23 | 2/28/23 | 5/12/23 | 7/31/23 | 7/31/23 | 11/2/23 | 2/29/24 | 2/29/24 | 5/9/24 | - | - | - | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,980 | 1,194 | 2,853 | 2,673 | - | 2,216 | 2,144 | 1,978 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.142 x | -7.882 x | 22.73 x | 6.205 x | - | 4.274 x | 3.991 x | 3.537 x |
| Free Cash Flow 1 | 275 | -302 | 48.4 | 381 | - | 188 | 168 | 197 |
| ROE (net income / shareholders' equity) | 9.39% | -69.4% | -49.6% | 30.9% | - | 20.9% | 18.4% | 17.8% |
| ROA (Net income/ Total Assets) | 2.42% | -13.5% | -4.66% | 2.59% | - | 2.5% | 2.96% | 3.16% |
| Assets 1 | 4,660 | 4,414 | 4,143 | 4,281 | - | 4,944 | 4,582 | 4,794 |
| Book Value Per Share 2 | 5.000 | 2.160 | 1.380 | 1.880 | - | 2.830 | 3.340 | 3.930 |
| Cash Flow per Share 2 | 1.700 | -1.170 | 0.7700 | 2.240 | - | 0.9300 | 1.160 | 1.220 |
| Capex 1 | 108 | 51.8 | 78.5 | 112 | - | 113 | 151 | 145 |
| Capex / Sales | 6% | 9.8% | 8.7% | 6.63% | - | 5.57% | 7.32% | 6.76% |
| Announcement Date | 2/26/20 | 2/25/21 | 2/28/22 | 2/28/23 | 2/29/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
7.81
EUR
Average target price
8.246
EUR
Spread / Average Target
+5.58%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +31.04% | 1.84B | |
| +4.65% | 67.37B | |
| +12.35% | 51.33B | |
| +10.30% | 16.02B | |
| +14.42% | 15.22B | |
| +28.06% | 9.63B | |
| +13.56% | 5.15B | |
| +7.27% | 4.4B | |
| +16.85% | 3.76B | |
| +92.48% | 3.55B |
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