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MEL

Meliá Hotels InternationalBME:MEL Stock Report

Market Cap

€1.4b

7D

12.8%

1Y

111.2%

Updated

27 Sep, 2021

Data

Company Financials +
MEL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth6/6
Past Performance0/6
Financial Health0/6
Dividends0/6

MEL Overview

Meliá Hotels International, S.A. owns, manages, operates, leases, and franchises hotels worldwide.

Meliá Hotels International Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Meliá Hotels International
Historical stock prices
Current Share Price€6.69
52 Week High€2.92
52 Week Low€7.40
Beta2.12
1 Month Change10.14%
3 Month Change8.96%
1 Year Change111.24%
3 Year Change-30.44%
5 Year Change-40.04%
Change since IPO-0.23%

Recent News & Updates

Jun 10
Meliá Hotels International (BME:MEL) Has Debt But No Earnings; Should You Worry?

Meliá Hotels International (BME:MEL) Has Debt But No Earnings; Should You Worry?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Mar 29
A Look At The Intrinsic Value Of Meliá Hotels International, S.A. (BME:MEL)

A Look At The Intrinsic Value Of Meliá Hotels International, S.A. (BME:MEL)

Today we will run through one way of estimating the intrinsic value of Meliá Hotels International, S.A. ( BME:MEL ) by...

Shareholder Returns

MELES HospitalityES Market
7D12.8%2.7%1.0%
1Y111.2%54.4%27.8%

Return vs Industry: MEL exceeded the Spanish Hospitality industry which returned 54.4% over the past year.

Return vs Market: MEL exceeded the Spanish Market which returned 27.8% over the past year.

Price Volatility

Is MEL's price volatile compared to industry and market?
MEL volatility
MEL Beta2.12
Industry Beta1.16
Market Beta1

Stable Share Price: MEL is not significantly more volatile than the rest of Spanish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MEL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19569,406Gabriel Juan Escarrer Jaumehttps://www.meliahotelsinternational.com

Meliá Hotels International, S.A. owns, manages, operates, leases, and franchises hotels worldwide. The company operates approximately 380 hotels under the Gran Meliá Hotels & Resorts, Paradisus by Meliá, ME by Meliá, Meliá Hotels & Resorts, INNSIDE by Meliá, Sol by Meliá, TRYP by Wyndham, and Circle by Melia brand names, as well as Meliá PRO, a platform for B2B clients. It also operates Club Meliá vacation club; develops and operates real estate properties; and engages in the casinos and tour-operator activities.

Meliá Hotels International Fundamentals Summary

How do Meliá Hotels International's earnings and revenue compare to its market cap?
MEL fundamental statistics
Market Cap€1.42b
Earnings (TTM)-€388.60m
Revenue (TTM)€439.12m

3.4x

P/S Ratio

-3.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MEL income statement (TTM)
Revenue€439.12m
Cost of Revenue€345.68m
Gross Profit€93.44m
Expenses€482.05m
Earnings-€388.60m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.77
Gross Margin21.28%
Net Profit Margin-88.50%
Debt/Equity Ratio384.0%

How did MEL perform over the long term?

See historical performance and comparison

Valuation

Is Meliá Hotels International undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MEL (€6.44) is trading below our estimate of fair value (€13.59)

Significantly Below Fair Value: MEL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MEL is unprofitable, so we can't compare its PE Ratio to the European Hospitality industry average.

PE vs Market: MEL is unprofitable, so we can't compare its PE Ratio to the Spanish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MEL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MEL is overvalued based on its PB Ratio (4.2x) compared to the XE Hospitality industry average (1.9x).


Future Growth

How is Meliá Hotels International forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

84.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MEL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1%).

Earnings vs Market: MEL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MEL's is expected to become profitable in the next 3 years.

Revenue vs Market: MEL's revenue (25.8% per year) is forecast to grow faster than the Spanish market (6.1% per year).

High Growth Revenue: MEL's revenue (25.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MEL's Return on Equity is forecast to be high in 3 years time (38.4%)


Past Performance

How has Meliá Hotels International performed over the past 5 years?

-61.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MEL is currently unprofitable.

Growing Profit Margin: MEL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MEL is unprofitable, and losses have increased over the past 5 years at a rate of 61.4% per year.

Accelerating Growth: Unable to compare MEL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MEL is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (11.2%).


Return on Equity

High ROE: MEL has a negative Return on Equity (-110.46%), as it is currently unprofitable.


Financial Health

How is Meliá Hotels International's financial position?


Financial Position Analysis

Short Term Liabilities: MEL's short term assets (€327.7M) do not cover its short term liabilities (€751.0M).

Long Term Liabilities: MEL's short term assets (€327.7M) do not cover its long term liabilities (€3.0B).


Debt to Equity History and Analysis

Debt Level: MEL's debt to equity ratio (384%) is considered high.

Reducing Debt: MEL's debt to equity ratio has increased from 61.9% to 384% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MEL has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MEL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Meliá Hotels International current dividend yield, its reliability and sustainability?

0.65%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MEL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MEL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MEL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MEL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MEL is not paying a notable dividend for the Spanish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MEL's dividend in 3 years as they are not forecast to pay a notable one for the Spanish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.3yrs

Average management tenure


CEO

Gabriel Juan Escarrer Jaume (50 yo)

12.67yrs

Tenure

€961,000

Compensation

Mr. Gabriel Juan Escarrer Jaume has been Chief executive Officer and Executive Vice Chairman of Meliá Hotels International S.A. since 2009 and has been its Director since April 7, 1999. Mr. Escarrer Jaume...


CEO Compensation Analysis

Compensation vs Market: Gabriel Juan's total compensation ($USD1.13M) is below average for companies of similar size in the Spanish market ($USD2.23M).

Compensation vs Earnings: Gabriel Juan's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MEL's management team is seasoned and experienced (8.3 years average tenure).


Board Members

Experienced Board: MEL's board of directors are considered experienced (9.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Meliá Hotels International, S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Meliá Hotels International, S.A.
  • Ticker: MEL
  • Exchange: BME
  • Founded: 1956
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: €1.418b
  • Shares outstanding: 220.13m
  • Website: https://www.meliahotelsinternational.com

Number of Employees


Location

  • Meliá Hotels International, S.A.
  • Gremio Toneleros
  • 24. Polígono Son Castelló
  • Palma de Mallorca
  • Balearic Islands
  • 7009
  • Spain

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 17:50
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.