Mandarin Oriental International Valuation

Q: What is the Fair Price of MDOJ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

MDOJ ($1.66) is trading above our estimate of [[fair value]] ($1.01)

Is MDOJ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MDOJ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MDOJ ($1.66) is trading above our estimate of fair value ($1.01)

Significantly Below Fair Value: MDOJ is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MDOJ?

Key metric: As MDOJ is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MDOJ. This is calculated by dividing MDOJ's market cap by their current revenue.
What is MDOJ's PS Ratio?
PS Ratio	3.9x
Sales	US$548.30m
Market Cap	US$2.12b

MDOJ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	4.3x
Enterprise Value/EBITDA	18.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does MDOJ's PS Ratio compare to its peers?

The above table shows the PS ratio for MDOJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	3x
TRN Trainline	4.2x	5.6%	UK£1.8b
WTB Whitbread	1.7x	3.6%	UK£5.0b
PPH PPHE Hotel Group	1.2x	5.5%	UK£495.2m
IHG InterContinental Hotels Group	5.1x	-10.3%	UK£15.5b
MDOJ Mandarin Oriental International	3.9x	n/a	US$2.1b

Price-To-Sales vs Peers: MDOJ is expensive based on its Price-To-Sales Ratio (3.9x) compared to the peer average (3x).

Price to Sales Ratio vs Industry

How does MDOJ's PS Ratio compare vs other companies in the GB Hospitality Industry?

7 Companies	Price / Sales	Estimated Growth	Market Cap
EVOK Evoke	0.1x	6.6%	US$321.68m
TRC Revel Collective	0.06x	-3.1%	US$10.93m
NGHT Nightcap	0.1x	n/a	US$8.62m
COM Comptoir Group	0.1x	n/a	US$5.45m

7 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: MDOJ is expensive based on its Price-To-Sales Ratio (3.9x) compared to the UK Hospitality industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is MDOJ's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MDOJ PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	3.9x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate MDOJ's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.