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Hilton Grand Vacations

DB:HIE
Snowflake Description

Acceptable track record and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HIE
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Hilton Grand Vacations Inc., a timeshare company, develops, markets, and operates vacation ownership resorts primarily under the Hilton Grand Vacations brand. The last earnings update was 53 days ago. More info.


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HIE Share Price and Events
7 Day Returns
2.1%
DB:HIE
-2.7%
DE Hospitality
1.6%
DE Market
1 Year Returns
-14.5%
DB:HIE
-52.3%
DE Hospitality
-7.4%
DE Market
HIE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hilton Grand Vacations (HIE) 2.1% 15.2% -1.6% -14.5% - -
DE Hospitality -2.7% -3.6% -8% -52.3% -25.6% -30.6%
DE Market 1.6% 1.5% 3% -7.4% 14.7% 9.4%
1 Year Return vs Industry and Market
  • HIE outperformed the Hospitality industry which returned -52.3% over the past year.
  • HIE underperformed the Market in Germany which returned -7.4% over the past year.
Price Volatility
HIE
Industry
5yr Volatility vs Market

Value

 Is Hilton Grand Vacations undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hilton Grand Vacations to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hilton Grand Vacations.

DB:HIE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:HIE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.924 (1 + (1- 21%) (57.87%))
1.232
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.232 * 5.96%)
7.57%

Discounted Cash Flow Calculation for DB:HIE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hilton Grand Vacations is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:HIE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.57%)
2019 72.00 Analyst x2 66.93
2020 109.33 Analyst x3 94.48
2021 107.69 Est @ -1.51% 86.51
2022 106.63 Est @ -0.99% 79.63
2023 105.96 Est @ -0.62% 73.57
2024 105.57 Est @ -0.37% 68.14
2025 105.38 Est @ -0.19% 63.22
2026 105.31 Est @ -0.06% 58.74
2027 105.33 Est @ 0.02% 54.61
2028 105.42 Est @ 0.09% 50.81
Present value of next 10 years cash flows $696.65
DB:HIE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $105.42 × (1 + 0.23%) ÷ (7.57% – 0.23%)
$1,438.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,438.97 ÷ (1 + 7.57%)10
$693.58
DB:HIE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $696.65 + $693.58
$1,390.23
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,390.23 / 90.77
$15.32
DB:HIE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:HIE represents 0.87097x of NYSE:HGV
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87097x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 15.32 x 0.87097
€13.34
Value per share (EUR) From above. €13.34
Current discount Discount to share price of €26.50
= -1 x (€26.50 - €13.34) / €13.34
-98.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hilton Grand Vacations is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hilton Grand Vacations's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hilton Grand Vacations's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HIE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.36
NYSE:HGV Share Price ** NYSE (2019-06-24) in USD $30.42
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 18x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 20.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hilton Grand Vacations.

DB:HIE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HGV Share Price ÷ EPS (both in USD)

= 30.42 ÷ 3.36

9.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hilton Grand Vacations is good value based on earnings compared to the DE Hospitality industry average.
  • Hilton Grand Vacations is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Hilton Grand Vacations's expected growth come at a high price?
Raw Data
DB:HIE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
4.1%per year
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.27x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

DB:HIE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.05x ÷ 4.1%

2.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hilton Grand Vacations is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hilton Grand Vacations's assets?
Raw Data
DB:HIE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $6.26
NYSE:HGV Share Price * NYSE (2019-06-24) in USD $30.42
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 2.13x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
DB:HIE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HGV Share Price ÷ Book Value per Share (both in USD)

= 30.42 ÷ 6.26

4.86x

* Primary Listing of Hilton Grand Vacations.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hilton Grand Vacations is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Hilton Grand Vacations's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Hilton Grand Vacations has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Hilton Grand Vacations expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hilton Grand Vacations expected to grow at an attractive rate?
  • Hilton Grand Vacations's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Hilton Grand Vacations's earnings growth is positive but not above the Germany market average.
  • Hilton Grand Vacations's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HIE Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HIE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 4.1%
DB:HIE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 11.2%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 21%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:HIE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HIE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 2,874 1
2021-12-31 2,471 141 309 2
2020-12-31 2,168 153 276 8
2019-12-31 1,959 105 247 8
DB:HIE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,929 -170 323
2018-12-31 1,852 -159 298
2018-09-30 1,661 -148 361
2018-06-30 1,662 45 363
2018-03-31 1,542 246 307
2017-12-31 1,576 356 327
2017-09-30 1,545 348 182
2017-06-30 1,527 273 174
2017-03-31 1,481 281 170
2016-12-31 1,457 182 168
2016-09-30 1,427 182 179
2016-06-30 1,399 184 195

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hilton Grand Vacations's earnings are expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
  • Hilton Grand Vacations's revenue is expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:HIE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Hilton Grand Vacations Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HIE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 4.88 4.88 4.88 1.00
2021-12-31 3.97 4.00 3.94 2.00
2020-12-31 3.10 3.23 2.95 8.00
2019-12-31 2.69 2.79 2.61 8.00
DB:HIE Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.36
2018-12-31 3.07
2018-09-30 3.69
2018-06-30 3.69
2018-03-31 3.10
2017-12-31 3.31
2017-09-30 1.84
2017-06-30 1.76
2017-03-31 1.72
2016-12-31 1.70
2016-09-30 1.81
2016-06-30 1.97

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Hilton Grand Vacations will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hilton Grand Vacations's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hilton Grand Vacations has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Hilton Grand Vacations performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hilton Grand Vacations's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hilton Grand Vacations has delivered over 20% year on year earnings growth in the past 5 years.
  • Hilton Grand Vacations's 1-year earnings growth is less than its 5-year average (5.2% vs 21.9%)
  • Hilton Grand Vacations's earnings growth has exceeded the DE Hospitality industry average in the past year (5.2% vs -2.6%).
Earnings and Revenue History
Hilton Grand Vacations's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hilton Grand Vacations Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HIE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,929.00 323.00 114.00
2018-12-31 1,852.00 298.00 106.00
2018-09-30 1,661.00 361.00 128.00
2018-06-30 1,662.00 363.00 120.00
2018-03-31 1,542.00 307.00 119.00
2017-12-31 1,576.00 327.00 96.00
2017-09-30 1,545.00 182.00 76.00
2017-06-30 1,527.00 174.00 77.00
2017-03-31 1,481.00 170.00 69.00
2016-12-31 1,457.00 168.00 62.00
2016-09-30 1,427.00 179.00 223.00
2016-06-30 1,399.00 195.00 345.00
2016-03-31 1,372.00 188.00 471.00
2015-12-31 1,365.00 174.00 57.00
2014-12-31 1,210.00 167.00 519.00
2013-12-31 1,125.00 128.00 520.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Hilton Grand Vacations made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Hilton Grand Vacations used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Hilton Grand Vacations's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hilton Grand Vacations's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hilton Grand Vacations has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Hilton Grand Vacations's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hilton Grand Vacations's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hilton Grand Vacations is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hilton Grand Vacations's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hilton Grand Vacations's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hilton Grand Vacations Company Filings, last reported 2 months ago.

DB:HIE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 575.00 1,520.00 158.00
2018-12-31 616.00 1,363.00 108.00
2018-09-30 562.00 1,336.00 145.00
2018-06-30 517.00 1,241.00 131.00
2018-03-31 400.00 1,023.00 85.00
2017-12-31 518.00 1,065.00 246.00
2017-09-30 333.00 1,096.00 226.00
2017-06-30 283.00 1,131.00 191.00
2017-03-31 226.00 1,183.00 196.00
2016-12-31 167.00 1,184.00 48.00
2016-09-30 -48.00 1,160.00 7.00
2016-06-30 16.00 1,080.00 3.00
2016-03-31 -35.00 1,107.00 4.00
2015-12-31 -106.00 1,136.00 4.00
2014-12-31 -373.00 1,344.00 2.00
2013-12-31
  • Hilton Grand Vacations's level of debt (264.3%) compared to net worth is high (greater than 40%).
  • Unable to establish if Hilton Grand Vacations's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 14.6x coverage).
X
Financial health checks
We assess Hilton Grand Vacations's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hilton Grand Vacations has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Hilton Grand Vacations's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Hilton Grand Vacations dividends. Estimated to be 0% next year.
If you bought €2,000 of Hilton Grand Vacations shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Hilton Grand Vacations's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Hilton Grand Vacations's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:HIE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 8.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:HIE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Hilton Grand Vacations has not reported any payouts.
  • Unable to verify if Hilton Grand Vacations's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Hilton Grand Vacations's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Hilton Grand Vacations has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Hilton Grand Vacations's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Hilton Grand Vacations's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hilton Grand Vacations afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hilton Grand Vacations has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Hilton Grand Vacations's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Wang
COMPENSATION $7,141,693
AGE 61
TENURE AS CEO 2.4 years
CEO Bio

Mr. Mark D. Wang has been the Chief Executive Officer and President of Hilton Grand Vacations Inc. (HGV) since January 3, 2017 & March 2008 respectively. Mr. Wang serves as an Executive Vice President at Hilton Hotels Corporation (HHC). From March 2008 through December 2016, Mr. Wang served as Executive Vice President and President of Hilton Grand Vacations Company, LLC, a subsidiary of Hilton Worldwide, Inc. Mr. Wang served as Executive Vice President of Hilton Worldwide Holdings Inc. since March 2008 until January 3, 2017. Mr. Wang has 35 years of experience in the timeshare industry. He has held a series of senior management positions within HGV. Mr. Wang served as the Head of Hilton Worldwide Global Sales and President of Global Sales & Hilton Grand Vacations at Hilton Worldwide Holdings Inc. (formerly, Hilton Worldwide, Inc.) from 2012 to 2014 and served as its Executive Vice President of Global Sales. He was responsible for overall company operations as well as overseeing individual project development including financing, construction, sales, marketing and customer service at Hilton Grand Vacations. Mr. Wang served as Head of Hilton Grand Vacations of Asia. Mr. Wang served as Senior Vice President of Hilton Grand Vacations Company, LLC since November 2003. He joined and served at Hilton Grand Vacations since 1999 as Managing Director, Hawaii, oversaw the sales and marketing operation of the Hilton Grand Vacations Club at Hilton Hawaiian Village. He also served as the liaison for Hilton Grand's affiliation at The Bay Club at Waikoloa Beach Resort on the Big Island of Hawaii. Since August 2000, Mr. Wang served at the executive team as Vice President of Hawaii at Hilton. He served as an Executive Vice President of Asia-Pacific/Hawaii at Hilton since January 2007. He served as an Executive Officer at Hilton Parent since 2015 and also served as President of the Timeshare Segment. He also led Hilton Parent's Asia-Pacific Islander Team Member Resource Group. In 1987, he introduced the U.S. vacation ownership product to the Japanese market. Mr. Wang co-founded PAHIO Resorts in Hawaii and served as its President for six years and also served as its Chief Operating Officer. He founded Aloha Resorts International and served as its President and Chief Operating Officer. In 1994, Mr. Wang formed Grand Ownership Resorts, Ltd., and served as its President and Chief Operating Officer. Mr. Wang has been a Director of Hilton Grand Vacations Inc. since May 2016. He serves at RCI's Developer Advisory Board. He was a Vice Chairperson at the American Resort Development Association's (ARDA), Hawaii. He serves on the ARDA Board of Directors. Mr. Wang has earned a reputation in the industry as an innovator who has brought new, highly sophisticated marketing and sales techniques to the projects with which he has been associated.

CEO Compensation
  • Mark's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mark's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Hilton Grand Vacations management team in years:

2.4
Average Tenure
55
Average Age
  • The tenure for the Hilton Grand Vacations management team is about average.
Management Team

Mark Wang

TITLE
President
COMPENSATION
$7M
AGE
61
TENURE
2.4 yrs

Dan Mathewes

TITLE
Executive VP & CFO
COMPENSATION
$645K
AGE
44
TENURE
0.6 yrs

Gordon Gurnik

TITLE
Executive VP & COO
COMPENSATION
$3M
AGE
61
TENURE
0.5 yrs

Allen Klingsick

TITLE
Senior VP & Chief Accounting Officer
COMPENSATION
$1M
AGE
41
TENURE
2.4 yrs

Dennis DeLorenzo

TITLE
Executive VP & Chief Sales Officer
COMPENSATION
$2M
AGE
54
TENURE
2.5 yrs

Sherri Silver

TITLE
Executive VP & Chief Marketing Officer
COMPENSATION
$3M
AGE
55
TENURE
1.8 yrs

Erin Day

TITLE
Vice President of Corporate Finance and Strategic Planning

Rich Jackson

TITLE
Chief Information Officer & Senior VP

Bob LaFleur

TITLE
Head of Investor Relations

Charles Corbin

TITLE
Executive VP
COMPENSATION
$2M
AGE
61
TENURE
2.6 yrs
Board of Directors Tenure

Average tenure and age of the Hilton Grand Vacations board of directors in years:

2.4
Average Tenure
61
Average Age
  • The average tenure for the Hilton Grand Vacations board of directors is less than 3 years, this suggests a new board.
Board of Directors

Len Potter

TITLE
Chairman
COMPENSATION
$345K
AGE
56
TENURE
2.4 yrs

Mark Wang

TITLE
President
COMPENSATION
$7M
AGE
61
TENURE
3.1 yrs

Pam Patsley

TITLE
Director
COMPENSATION
$230K
AGE
61
TENURE
2.5 yrs

Paul Whetsell

TITLE
Director
COMPENSATION
$230K
AGE
67
TENURE
2.4 yrs

Brenda Bacon

TITLE
Director
COMPENSATION
$220K
AGE
67
TENURE
2.4 yrs

Dave Johnson

TITLE
Director
COMPENSATION
$225K
AGE
56
TENURE
2.4 yrs

Mark Lazarus

TITLE
Director
COMPENSATION
$210K
AGE
54
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Hilton Grand Vacations individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. May 19 Buy Leonard Potter Individual 13. May 19 13. May 19 10,000 €24.48 €244,788
13. Dec 18 Buy David Johnson Individual 10. Dec 18 10. Dec 18 7,000 €25.10 €175,723
17. Aug 18 Buy Leonard Potter Individual 15. Aug 18 15. Aug 18 25,000 €28.25 €706,170
17. Aug 18 Buy Mark Wang Individual 15. Aug 18 15. Aug 18 16,000 €28.19 €450,964
X
Management checks
We assess Hilton Grand Vacations's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hilton Grand Vacations has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Hilton Grand Vacations Inc., a timeshare company, develops, markets, and operates vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases. The company also manages and operates the points-based Hilton Grand Vacations Club and Hilton Club exchange programs, which provide exchange, leisure travel, and reservation services to approximately 309,000 members, as well as engages in the rental of inventory made available due to ownership exchanges through its club programs. As of December 31, 2018, it had 54 resorts comprising 8,888 units located in the Hawaiian Islands, New York City, Orlando, Washington D.C., and Las Vegas; and Europe. The company was founded in 1992 and is headquartered in Orlando, Florida.

Details
Name: Hilton Grand Vacations Inc.
HIE
Exchange: DB
Founded: 1992
$2,422,208,462
90,772,372
Website: http://www.hgv.com
Address: Hilton Grand Vacations Inc.
6355 Metrowest Boulevard,
Suite 180,
Orlando,
Florida, 32835,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HGV New Common Stock New York Stock Exchange US USD 13. Dec 2016
DB HIE New Common Stock Deutsche Boerse AG DE EUR 13. Dec 2016
Number of employees
Current staff
Staff numbers
8,600
Hilton Grand Vacations employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 22:32
End of day share price update: 2019/06/24 00:00
Last estimates confirmation: 2019/06/21
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.