Stock Analysis Report

Executive Summary

Marriott International, Inc. operates, franchises, and licenses hotel, residential, and timeshare properties worldwide.

Snowflake Analysis

High growth potential established dividend payer.

Similar Companies

Share Price & News

How has Marriott International's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: MAR's share price has been volatile over the past 3 months.

Market Performance

7 Day Return




US Hospitality


US Market

1 Year Return




US Hospitality


US Market

Return vs Industry: MAR exceeded the US Hospitality industry which returned -50.5% over the past year.

Return vs Market: MAR underperformed the US Market which returned -13.3% over the past year.

Shareholder returns

7 Day-5.5%-11.0%-2.6%
30 Day-36.2%-37.8%-15.2%
90 Day-51.9%-54.0%-22.2%
1 Year-46.0%-46.8%-49.2%-50.5%-11.5%-13.3%
3 Year-19.7%-22.8%-38.5%-42.6%13.2%5.7%
5 Year-4.6%-10.9%-34.0%-41.3%31.8%17.2%

Price Volatility Vs. Market

How volatile is Marriott International's share price compared to the market and industry in the last 5 years?

Simply Wall St News


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


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: MAR ($70.59) is trading below our estimate of fair value ($116.03)

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

Price To Earnings Ratio

PE vs Industry: MAR is poor value based on its PE Ratio (18.4x) compared to the Hospitality industry average (11.6x).

PE vs Market: MAR is poor value based on its PE Ratio (18.4x) compared to the US market (12.5x).

Price to Earnings Growth Ratio

PEG Ratio: MAR is poor value based on its PEG Ratio (1.2x)

Price to Book Ratio

PB vs Industry: MAR is overvalued based on its PB Ratio (32.5x) compared to the US Hospitality industry average (1.2x).

Next Steps

Future Growth

How is Marriott International forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAR's forecast earnings growth (16% per year) is above the savings rate (1.7%).

Earnings vs Market: MAR's earnings (16% per year) are forecast to grow faster than the US market (13.4% per year).

High Growth Earnings: MAR's earnings are forecast to grow, but not significantly.

Revenue vs Market: MAR's revenue (27.8% per year) is forecast to grow faster than the US market (7% per year).

High Growth Revenue: MAR's revenue (27.8% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MAR's Return on Equity is forecast to be very high in 3 years time (88.2%).

Next Steps

Past Performance

How has Marriott International performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MAR has high quality earnings.

Growing Profit Margin: MAR's current net profit margins (23.7%) are lower than last year (36.6%).

Past Earnings Growth Analysis

Earnings Trend: MAR's earnings have grown by 17.2% per year over the past 5 years.

Accelerating Growth: MAR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MAR had negative earnings growth (-33.2%) over the past year, making it difficult to compare to the Hospitality industry average (1.6%).

Return on Equity

High ROE: Whilst MAR's Return on Equity (181.08%) is outstanding, this metric is skewed due to their high level of debt.

Next Steps

Financial Health

How is Marriott International's financial position?

Financial Position Analysis

Short Term Liabilities: MAR's short term assets ($3.1B) do not cover its short term liabilities ($6.7B).

Long Term Liabilities: MAR's short term assets ($3.1B) do not cover its long term liabilities ($17.7B).

Debt to Equity History and Analysis

Debt Level: MAR's debt to equity ratio (1533.9%) is considered high.

Reducing Debt: MAR had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: MAR's debt is not well covered by operating cash flow (15.6%).

Interest Coverage: MAR's interest payments on its debt are well covered by EBIT (5.6x coverage).

Balance Sheet

Next Steps


What is Marriott International's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MAR's dividend (2.72%) is higher than the bottom 25% of dividend payers in the US market (2.01%).

High Dividend: MAR's dividend (2.72%) is low compared to the top 25% of dividend payers in the US market (5.66%).

Stability and Growth of Payments

Stable Dividend: MAR's dividends per share have been stable in the past 10 years.

Growing Dividend: MAR's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (48.3%), MAR's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: MAR's dividends in 3 years are forecast to be well covered by earnings (24.4% payout ratio).

Next Steps


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


Average management tenure


Arne Sorenson (60yo)





Mr. Arne M. Sorenson has been the Chief Executive Officer of Marriott International, Inc. since March 31, 2012 and its President since May 1, 2009 with responsibility for the performance and growth of all  ...

CEO Compensation Analysis

Compensation vs Market: Arne's total compensation ($USD12.93M) is about average for companies of similar size in the US market ($USD11.96M).

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

Leadership Team

Arne Sorenson
President8.08yrsUS$12.93m0.22% $50.0m
Kathleen Oberg
Executive VP & CFO4.25yrsUS$4.71m0.014% $3.1m
David Grissen
Group President of the Americasno dataUS$4.82m0.015% $3.5m
Stephanie Linnartz
Group President of Consumer Operations11.75yrsUS$4.94m0.028% $6.4m
Anthony Capuano
Group President of Global Development0.25yrUS$5.75m0.013% $2.9m
John Marriott
Executive Chairman of the Board35.25yrsUS$3.39m2.88% $660.3m
Matthew Muserlian
Director Of Operationsno datano datano data
Rena Reiss
Executive VP & General Counsel2.33yrsno data0.0037% $846.8k
Tricia Primrose
Executive VP and Global Chief Communications & Public Affairs Officer4.58yrsno datano data
David Rodriguez
Executive VP & Global Chief Human Resources Officer13.67yrsno data0.021% $4.8m


Average Tenure


Average Age

Experienced Management: MAR's management team is considered experienced (4.6 years average tenure).

Board Members

Arne Sorenson
President8.08yrsUS$12.93m0.22% $50.0m
John Marriott
Executive Chairman of the Board35.25yrsUS$3.39m2.88% $660.3m
Deborah Harrison
Global Officer of Marriott Culture & Business Councils and Director5.83yrsno data0.26% $59.6m
Lawrence Kellner
Lead Directorno dataUS$280.03k0.00062% $141.9k
Steven Reinemund
Independent Director13yrsUS$264.61k0.0099% $2.3m
Debra Lee
Independent Director15.83yrsUS$264.07k0.00020% $45.8k
Mary Bush
Independent Director11.92yrsUS$260.03k0.00045% $103.0k
George Muñoz
Independent Director17.67yrsUS$285.55k0.00024% $54.9k
Arthur Gillis
Non-Executive Chairman of Africa Development6yrsno datano data
Frederick Henderson
Independent Director6.92yrsUS$270.03k0.00051% $116.7k


Average Tenure


Average Age

Experienced Board: MAR's board of directors are seasoned and experienced ( 11.9 years average tenure).


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.

Recent Insider Transactions

Ownership Breakdown

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

Top Shareholders

Company Information

Marriott International, Inc.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Marriott International, Inc.
  • Ticker: MAR
  • Exchange: NasdaqGS
  • Founded: 1927
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: US$22.886b
  • Shares outstanding: 324.21m
  • Website:

Number of Employees


  • Marriott International, Inc.
  • 10400 Fernwood Road
  • Bethesda
  • Maryland
  • 20817
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MARNasdaqGS (Nasdaq Global Select)YesClass A Common StockUSUSDMar 1998
MAQDB (Deutsche Boerse AG)YesClass A Common StockDEEURMar 1998
MARWBAG (Wiener Boerse AG)YesClass A Common StockATEURMar 1998
0JYWLSE (London Stock Exchange)YesClass A Common StockGBUSDMar 1998
MAQETLX (Eurotlx)YesClass A Common StockITEURMar 1998
M1TT34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 4 REPR 1 COMBRBRLJan 2020


Marriott International, Inc. operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St. Regis, EDITION, Bulgari, Marriott Hotels, Sheraton, Delta Hotels, Marriott Executive Apartments, Marriott Vacation Club, Westin, Renaissance, Le Méridien, Autograph Collection, Gaylord Hotels, Tribute Portfolio, Design Hotels, Courtyard, Residence Inn, Fairfield by Marriott, SpringHill Suites, Four Points, TownePlace Suites, Aloft, AC Hotels by Marriott, Protea Hotels, Element, and Moxy brand names. As of February 3, 2020, it operated approximately 7,300 properties under 30 hotel brands in 134 countries and territories. Marriott International, Inc. was founded in 1927 and is headquartered in Bethesda, Maryland. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 13:13
End of Day Share Price2020/04/06 00:00
Annual Earnings2019/12/31

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.