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NH Hotel Group

BME:NHH
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NHH
BME
€2B
Market Cap
  1. Home
  2. ES
  3. Consumer Services
Company description

NH Hotel Group, S.A. operates hotels in Spain, Benelux, Italy, Germany, and the rest of Europe; and Latin America and internationally. The last earnings update was 50 days ago. More info.


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NHH Share Price and Events
7 Day Returns
-3.5%
BME:NHH
-1.8%
ES Hospitality
-1%
ES Market
1 Year Returns
-30.2%
BME:NHH
-28.6%
ES Hospitality
-4.8%
ES Market
NHH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NH Hotel Group (NHH) -3.5% 0% -10.8% -30.2% 16.2% 12.1%
ES Hospitality -1.8% -0.9% -4% -28.6% -13.7% 29.3%
ES Market -1% -0.4% -3.1% -4.8% 9.3% -16.5%
1 Year Return vs Industry and Market
  • NHH underperformed the Hospitality industry which returned -28.6% over the past year.
  • NHH underperformed the Market in Spain which returned -4.8% over the past year.
Price Volatility
NHH
Industry
5yr Volatility vs Market

Value

 Is NH Hotel Group 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 NH Hotel Group 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 NH Hotel Group.

BME:NHH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.9%
Perpetual Growth Rate 10-Year ES Government Bond Rate 1.5%

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 BME:NHH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ES Govt Bond Rate 1.5%
Equity Risk Premium S&P Global 8.2%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.922 (1 + (1- 25%) (147.51%))
1.631
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.63
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.53% + (1.631 * 8.18%)
14.86%

Discounted Cash Flow Calculation for BME:NHH using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for NH Hotel Group 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.

BME:NHH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 14.86%)
2020 96.70 Analyst x6 84.19
2021 153.10 Analyst x3 116.04
2022 142.37 Est @ -7.01% 93.94
2023 136.04 Est @ -4.45% 78.15
2024 132.43 Est @ -2.66% 66.23
2025 130.57 Est @ -1.4% 56.85
2026 129.89 Est @ -0.52% 49.24
2027 130.01 Est @ 0.09% 42.90
2028 130.68 Est @ 0.52% 37.55
2029 131.76 Est @ 0.82% 32.96
Present value of next 10 years cash flows €658.05
BME:NHH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €131.76 × (1 + 1.53%) ÷ (14.86% – 1.53%)
€1,002.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,002.94 ÷ (1 + 14.86%)10
€250.87
BME:NHH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €658.05 + €250.87
€908.91
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €908.91 / 391.58
€2.32
BME:NHH Discount to Share Price
Calculation Result
Value per share (EUR) From above. €2.32
Current discount Discount to share price of €4.43
= -1 x (€4.43 - €2.32) / €2.32
-90.7%

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

  • The current share price of NH Hotel Group 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 NH Hotel Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NH Hotel Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BME:NHH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.32
BME:NHH Share Price ** BME (2019-07-19) in EUR €4.43
Europe Hospitality Industry PE Ratio Median Figure of 107 Publicly-Listed Hospitality Companies 19.8x
Spain Market PE Ratio Median Figure of 141 Publicly-Listed Companies 17.23x

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

** Primary Listing of NH Hotel Group.

BME:NHH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:NHH Share Price ÷ EPS (both in EUR)

= 4.43 ÷ 0.32

13.83x

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

  • NH Hotel Group is good value based on earnings compared to the Europe Hospitality industry average.
  • NH Hotel Group is good value based on earnings compared to the Spain market.
Price based on expected Growth
Does NH Hotel Group's expected growth come at a high price?
Raw Data
BME:NHH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
11.7%per year
Europe Hospitality Industry PEG Ratio Median Figure of 72 Publicly-Listed Hospitality Companies 1.47x
Spain Market PEG Ratio Median Figure of 82 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

BME:NHH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.83x ÷ 11.7%

1.18x

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

  • NH Hotel Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on NH Hotel Group's assets?
Raw Data
BME:NHH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €3.71
BME:NHH Share Price * BME (2019-07-19) in EUR €4.43
Spain Hospitality Industry PB Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.19x
Spain Market PB Ratio Median Figure of 185 Publicly-Listed Companies 1.63x
BME:NHH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:NHH Share Price ÷ Book Value per Share (both in EUR)

= 4.43 ÷ 3.71

1.19x

* Primary Listing of NH Hotel Group.

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

  • NH Hotel Group is good value based on assets compared to the ES Hospitality industry average.
X
Value checks
We assess NH Hotel Group'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. NH Hotel Group has a total score of 3/6, 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 NH Hotel Group expected to perform in the next 1 to 3 years based on estimates from 9 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
11.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NH Hotel Group expected to grow at an attractive rate?
  • NH Hotel Group's earnings growth is expected to exceed the low risk savings rate of 1.5%.
Growth vs Market Checks
  • NH Hotel Group's earnings growth is expected to exceed the Spain market average.
  • NH Hotel Group's revenue growth is positive but not above the Spain market average.
Annual Growth Rates Comparison
Raw Data
BME:NHH Future Growth Rates Data Sources
Data Point Source Value (per year)
BME:NHH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 11.7%
BME:NHH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 3.5%
Spain Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 37.6%
Spain Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 7%
Spain Market Earnings Growth Rate Market Cap Weighted Average 7.7%
Spain Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
BME:NHH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BME:NHH Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,826 141 1
2021-12-31 1,817 305 131 4
2020-12-31 1,758 263 113 8
2019-12-31 1,685 220 106 6
BME:NHH Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 1,625 321 82
2018-12-31 1,613 252 118
2018-09-30 1,579 235 64
2018-06-30 1,575 234 38
2018-03-31 1,561 236 82
2017-12-31 1,546 230 36
2017-09-30 1,522 217 35
2017-06-30 1,499 184 30
2017-03-31 1,474 191 48
2016-12-31 1,448 177 33
2016-09-30 1,441 189 39
2016-06-30 1,423 175 20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NH Hotel Group's earnings are expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).
  • NH Hotel Group's revenue is expected to grow by 3.5% 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
BME:NHH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from NH Hotel Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:NHH Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.37 0.41 0.32 2.00
2020-12-31 0.29 0.33 0.25 8.00
2019-12-31 0.26 0.28 0.24 7.00
BME:NHH Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31
2018-12-31 0.32
2018-09-30
2018-06-30 0.11
2018-03-31
2017-12-31 0.10
2017-09-30
2017-06-30 0.09
2017-03-31
2016-12-31 0.10
2016-09-30
2016-06-30 0.06

*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.
  • NH Hotel Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess NH Hotel Group'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 Spain market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Spain 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.
NH Hotel Group 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 NH Hotel Group 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 NH Hotel Group'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.
  • NH Hotel Group has delivered over 20% year on year earnings growth in the past 5 years.
  • NH Hotel Group's 1-year earnings growth is less than its 5-year average (0.3% vs 68.9%)
  • NH Hotel Group's earnings growth has not exceeded the Europe Hospitality industry average in the past year (0.3% vs 1.6%).
Earnings and Revenue History
NH Hotel Group'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 NH Hotel Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:NHH Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,625.49 82.35 345.99
2018-12-31 1,613.39 118.35 345.99
2018-09-30 1,579.29 63.57 326.34
2018-06-30 1,574.84 37.62 326.34
2018-03-31 1,560.86 82.07 326.34
2017-12-31 1,546.09 35.77 326.34
2017-09-30 1,522.20 34.52 314.11
2017-06-30 1,498.74 29.65 314.11
2017-03-31 1,474.13 47.72 314.11
2016-12-31 1,447.90 33.02 314.11
2016-09-30 1,441.03 39.07 96.97
2016-06-30 1,423.16 20.39 309.47
2016-03-31 1,402.13 -16.43 309.47
2015-12-31 1,376.63 -5.13 309.47
2015-09-30 1,338.15 -28.66 281.96
2015-06-30 1,298.09 -19.56 272.16
2015-03-31 1,256.95 -28.86 134.26
2014-12-31 1,246.95 -41.76 272.16
2014-09-30 1,234.07 -66.18 271.93
2014-06-30 1,225.66 -76.58 275.23
2014-03-31 1,224.67 -32.78 272.43
2013-12-31 1,232.17 -33.38 275.23
2013-09-30 1,217.78 -268.74 488.43
2013-06-30 1,247.45 -259.89 282.43
2013-03-31 1,262.98 -308.64 423.13
2012-12-31 1,278.48 -293.74 282.43
2012-09-30 1,292.69 -5.87 291.41

*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.
  • NH Hotel Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • NH Hotel Group used its assets less efficiently than the Europe Hospitality industry average last year based on Return on Assets.
  • NH Hotel Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess NH Hotel Group'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.
NH Hotel Group has a total score of 2/6, 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 NH Hotel Group'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 NH Hotel Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NH Hotel Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • NH Hotel Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of NH Hotel Group'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 1.2x 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 NH Hotel Group Company Filings, last reported 3 months ago.

BME:NHH Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,206.50 428.90 273.90
2018-12-31 1,504.02 418.91 265.87
2018-09-30 1,484.70 466.30 273.30
2018-06-30 1,427.57 472.94 251.74
2018-03-31 1,181.10 711.00 227.00
2017-12-31 1,151.98 716.88 80.25
2017-09-30 1,150.60 822.80 144.70
2017-06-30 1,139.06 838.04 114.53
2017-03-31 1,135.90 866.30 128.00
2016-12-31 1,155.88 864.88 136.73
2016-09-30 1,142.50 880.00 141.50
2016-06-30 1,133.92 863.11 86.14
2016-03-31 1,081.40 899.40 51.60
2015-12-31 1,126.08 887.47 77.70
2015-09-30 1,132.00 865.00 48.70
2015-06-30 1,129.96 840.03 56.36
2015-03-31 1,123.40 801.10 132.40
2014-12-31 1,136.67 809.70 200.10
2014-09-30 1,119.60 819.10 72.10
2014-06-30 1,110.62 812.04 87.09
2014-03-31 1,108.50 882.80 79.30
2013-12-31 1,153.47 881.92 133.87
2013-09-30
2013-06-30 1,219.96 842.75 163.48
2013-03-31 993.29 1,058.84 55.64
2012-12-31 993.29 1,055.28 55.64
2012-09-30 1,298.54 1,064.39 76.18
  • NH Hotel Group's level of debt (35.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (79.6% vs 35.5% today).
  • Debt is well covered by operating cash flow (74.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess NH Hotel Group'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. NH Hotel Group has a total score of 4/6, 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 NH Hotel Group'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
3.39%
Current annual income from NH Hotel Group dividends. Estimated to be 3.38% next year.
If you bought €2,000 of NH Hotel Group shares you are expected to receive €68 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?
  • NH Hotel Group's pays a higher dividend yield than the bottom 25% of dividend payers in Spain (2.3%).
  • NH Hotel Group's dividend is below the markets top 25% of dividend payers in Spain (5.43%).
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
BME:NHH 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 9 Analyst Estimates (S&P Global) See Below
Europe Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 83 Stocks 3.3%
Spain Market Average Dividend Yield Market Cap Weighted Average of 77 Stocks 4.4%
Spain Minimum Threshold Dividend Yield 10th Percentile 1.2%
Spain Bottom 25% Dividend Yield 25th Percentile 2.3%
Spain Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

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

BME:NHH Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.15 3.00
2020-12-31 0.15 8.00
2019-12-31 0.15 7.00
BME:NHH Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-26 0.150 3.163
2019-02-25 0.150 3.245
2018-03-01 0.100 1.796
2017-03-01 0.050 0.935
2017-02-28 0.050 1.140
2009-10-27 0.000 0.000
2009-08-31 0.000 0.000
2009-08-26 0.000 0.000
2009-05-13 0.000 0.000
2009-03-02 0.000 0.000
2009-02-27 0.000 0.000
2008-09-01 0.260 5.672

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of NH Hotel Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess NH Hotel Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 NH Hotel Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NH Hotel Group has a total score of 3/6, 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 NH Hotel Group'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
Ramón Aragonés Marín
COMPENSATION €969,000
AGE 65
TENURE AS CEO 2.5 years
CEO Bio

Mr. Ramón Aragonés Marín has been Chief Executive Officer of NH Hotel Group, S.A. since January 25, 2017. Mr. Marín studied hotel management and tourism at the hotel management schools of Madrid and Palma de Mallorca and at the University of Leuven (Belgium). He has managed several hotels located in Galicia, Madrid, Brussels and Venezuela. From 2000 to 2010, he was the General Manager of Hoteles Hesperia, S.A. Mr. Marín has been MD and Director of NH Hotel Group, S.A. since June 29, 2017.

CEO Compensation
  • Insufficient data for Ramón to compare compensation growth.
  • Ramón's remuneration is higher than average for companies of similar size in Spain.
Management Team Tenure

Average tenure and age of the NH Hotel Group management team in years:

4
Average Tenure
53
Average Age
  • The tenure for the NH Hotel Group management team is about average.
Management Team

Ramón Aragonés Marín

TITLE
CEO, MD & Executive Director
COMPENSATION
€969K
AGE
65
TENURE
2.5 yrs

Beatriz Ferreras

TITLE
CFO, Executive MD of Finance & Administration and Executive Director
AGE
46
TENURE
4 yrs

Rufino Pérez Fernández

TITLE
Chief Operations Officer & Global Transformation Leader
TENURE
2.5 yrs

Javier Vega-Penichet

TITLE
Senior Vice President of Investments & Investor Relations

Carlos Ulecia Palacios

TITLE
General Councel
AGE
52
TENURE
0.5 yrs

Tamara Wegmann

TITLE
Senior Vice President of Compliance

Ida Gutiérrez de Escofet

TITLE
Senior Vice President of Corporate Affairs & Communications
TENURE
8.8 yrs

Isidoro de la Escalera Álvarez

TITLE
Chief Marketing Officer
AGE
54
TENURE
4.7 yrs

Fernando Córdova

TITLE
Chief People Officer
TENURE
5.4 yrs

Roberto Chollet Ibarra

TITLE
Managing Director
Board of Directors Tenure

Average tenure and age of the NH Hotel Group board of directors in years:

1.1
Average Tenure
51.5
Average Age
  • The average tenure for the NH Hotel Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Alfredo Fernández Agras

TITLE
Chairman of the Board
COMPENSATION
€275K
AGE
49
TENURE
3.1 yrs

Ramón Aragonés Marín

TITLE
CEO, MD & Executive Director
COMPENSATION
€969K
AGE
65
TENURE
2.1 yrs

Beatriz Ferreras

TITLE
CFO, Executive MD of Finance & Administration and Executive Director
AGE
46
TENURE
0.2 yrs

Fernando Lacadena Azpeitia

TITLE
Independent Director
COMPENSATION
€96K
AGE
63
TENURE
3.1 yrs

José María de Montes-Jovellar

TITLE
Independent Director
COMPENSATION
€61K
AGE
49
TENURE
3.1 yrs

Dillip Rajakarier

TITLE
Director
AGE
54
TENURE
1.1 yrs

Stephen Chojnacki

TITLE
Director
AGE
46
TENURE
1.1 yrs

William Heinecke

TITLE
Director
AGE
70
TENURE
1.1 yrs

Kosin Chantikul

TITLE
Proprietary Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
03. Apr 19 Buy Ramón Aragonés Marín Individual 29. Mar 19 29. Mar 19 14,642 €4.55 €66,621
02. Apr 19 Buy Ramón Aragonés Marín Individual 29. Mar 19 29. Mar 19 114,642 €4.55 €521,621
26. Sep 18 Buy José Castro Sousa Individual 18. Sep 18 18. Sep 18 17,000 €6.31 €107,270
24. Sep 18 Buy Grupo Inversor Hesperia, S.A. Company 18. Sep 18 18. Sep 18 17,000 €6.31 €107,270
X
Management checks
We assess NH Hotel Group'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. NH Hotel Group 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

NH Hotel Group SA (BME:NHH) Delivered A Weaker ROE Than Its Industry

NH Hotel Group has a ROE of 2.9%, based on the last twelve months. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.029 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should You Consider NH Hotel Group SA (BME:NHH) Because Of These Reasons

I've been keeping an eye on NH Hotel Group SA (BME:NHH) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe NHH has a lot to offer. … is a company with

Simply Wall St -

NH Hotel Group SA's (BME:NHH) Most Important Factor To Consider

I’ve analysed below, the health and outlook of NH Hotel Group’s cash flow, which will help you understand the stock from a cash standpoint. … Free cash flow (FCF) is the amount of cash NH Hotel Group has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations. … I will be analysing NH Hotel Group’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St -

What Do Analysts Think About The Future Of NH Hotel Group SA's (BME:NHH)?

After NH Hotel Group SA's (BME:NHH) earnings announcement in March 2018,. … with earnings expected to grow by 12.66% in the upcoming year … Presently, with latest-twelve-month earnings at €82.07m, we should see this growing to €92.46m by 2019.

Simply Wall St -

Is NH Hotel Group SA's (BME:NHH) PE Ratio A Signal To Sell For Investors?

While NHH might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … Breaking down the P/E ratio

Simply Wall St -

Estimating The Fair Value Of NH Hotel Group SA (BME:NHH)

How far off is NH Hotel Group SA (BME:NHH) from its intrinsic value? … by taking the foreast future cash flows of the company and discounting them back to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

How Did NH Hotel Group SA's (BME:NHH) 7.25% ROE Fare Against The Industry?

and looking to gauge the potential return on investment in NH Hotel Group SA (BME:NHH). … NH Hotel Group SA’s (BME:NHH) most recent return on equity was a substandard 7.25% relative to its industry performance of 12.79% over the past year. … Though NHH's recent performance is underwhelming, it is useful to understand what ROE is made up of and how it should be interpreted.

Simply Wall St -

Have Investors Priced In NH Hotel Group SA's (BME:NHH) Growth?

NH Hotel Group SA (BME:NHH), a hospitality company based in Spain,. … Let’s take a look at NH Hotel Group’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change … View out our latest analysis for NH Hotel Group

Simply Wall St -

NH Hotel Group SA (BME:NHH): What Is Driving Earnings Margins?

NH Hotel Group SA (BME:NHH) to … earnings growth of 12.44% … it's necessary to take a moment

Simply Wall St -

Should You Buy NH Hotel Group SA. (BME:NHH) Now?

Let’s take a look at NH Hotel Group’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … This is because NH Hotel Group’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. … With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price.

Simply Wall St -

Company Info

Description

NH Hotel Group, S.A. operates hotels in Spain, Benelux, Italy, Germany, and the rest of Europe; and Latin America and internationally. As of December 31, 2018, the company operated 350 hotels and 54,374 rooms. It is also involved in the real estate, investment, procurement network, and financing businesses; and provision of catering, management, corporate, call center, and other services. The company was formerly known as NH Hoteles, S.A. and changed its name to NH Hotel Group, S.A. in June 2014. NH Hotel Group, S.A. was founded in 1881 and is headquartered in Madrid, Spain. NH Hotel Group, S.A. is a subsidiary of MHG Continental Holding (Singapore) Pte. Ltd.

Details
Name: NH Hotel Group, S.A.
NHH
Exchange: BME
Founded: 1881
€1,724,519,390
391,580,243
Website: http://www.nh-hotels.com
Address: NH Hotel Group, S.A.
calle Santa Engracia 120,
7º Planta,
Madrid,
Madrid, 28003,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME NHH Bearer Shares Bolsas y Mercados Espanoles ES EUR 02. Jan 1992
DB NH5 Bearer Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0OHG Bearer Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE NHHE Bearer Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
11,055
NH Hotel Group employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 20:48
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/19
Last earnings filing: 2019/05/31
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.