OTCPK:ICHG.F

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InterContinental Hotels Group

Executive Summary

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China.


Snowflake Analysis

Acceptable track record with imperfect balance sheet.


Similar Companies

Share Price & News

How has InterContinental Hotels Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ICHG.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.9%

ICHG.F

1.1%

US Hospitality

1.5%

US Market


1 Year Return

-28.8%

ICHG.F

-29.5%

US Hospitality

6.9%

US Market

Return vs Industry: ICHG.F matched the US Hospitality industry which returned -29% over the past year.

Return vs Market: ICHG.F underperformed the US Market which returned 5.3% over the past year.


Shareholder returns

ICHG.FIndustryMarket
7 Day2.9%1.1%1.5%
30 Day1.0%-5.6%5.9%
90 Day19.3%21.6%17.9%
1 Year-28.8%-28.8%-28.0%-29.5%9.2%6.9%
3 Year-10.1%-11.7%-19.0%-24.3%36.4%27.5%
5 Year25.2%19.8%-2.0%-12.5%64.9%47.0%

Price Volatility Vs. Market

How volatile is InterContinental Hotels Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is InterContinental Hotels Group undervalued compared to its fair value and its price relative to the market?

10.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ICHG.F ($49) is trading below our estimate of fair value ($54.67)

Significantly Below Fair Value: ICHG.F is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ICHG.F is poor value based on its PE Ratio (22.6x) compared to the US Hospitality industry average (21.4x).

PE vs Market: ICHG.F is poor value based on its PE Ratio (22.6x) compared to the US market (16.1x).


Price to Earnings Growth Ratio

PEG Ratio: ICHG.F is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: ICHG.F has negative assets, so we can't compare its PB Ratio to the US Hospitality industry average.


Next Steps

Future Growth

How is InterContinental Hotels Group forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

19.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ICHG.F's forecast earnings growth (19.3% per year) is above the savings rate (2.2%).

Earnings vs Market: ICHG.F's earnings (19.3% per year) are forecast to grow slower than the US market (22.5% per year).

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

Revenue vs Market: ICHG.F's revenue is expected to decline over the next 3 years (-12.8% per year).

High Growth Revenue: ICHG.F's revenue is forecast to decline over the next 3 years (-12.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ICHG.F is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has InterContinental Hotels Group performed over the past 5 years?

-14.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ICHG.F has a large one-off loss of $177.0M impacting its December 31 2019 financial results.

Growing Profit Margin: ICHG.F's current net profit margins (11.1%) are higher than last year (11%).


Past Earnings Growth Analysis

Earnings Trend: ICHG.F's earnings have declined by 14.2% per year over the past 5 years.

Accelerating Growth: ICHG.F's earnings growth over the past year (10.3%) exceeds its 5-year average (-14.2% per year).

Earnings vs Industry: ICHG.F earnings growth over the past year (10.3%) exceeded the Hospitality industry -39.1%.


Return on Equity

High ROE: ICHG.F's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is InterContinental Hotels Group's financial position?


Financial Position Analysis

Short Term Liabilities: ICHG.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: ICHG.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: ICHG.F has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: ICHG.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: ICHG.F's debt is well covered by operating cash flow (29.9%).

Interest Coverage: ICHG.F's interest payments on its debt are well covered by EBIT (7.8x coverage).


Balance Sheet


Next Steps

Dividend

What is InterContinental Hotels Group current dividend yield, its reliability and sustainability?

1.69%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ICHG.F'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 ICHG.F's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: ICHG.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

Keith Barr (49yo)

3yrs

Tenure

US$3,317,000

Compensation

Mr. Keith Barr serves as a Non-Executive Director of YUM! Brands, Inc. since January 24, 2020. Mr. Barr has been the Chief Executive Officer of Intercontinental Hotels Group plc since July 1, 2017. He serv ...


CEO Compensation Analysis

Compensation vs Market: Keith's total compensation ($USD4.18M) is below average for companies of similar size in the US market ($USD7.39M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Keith Barr
CEO & Director3yrsUS$3.32m0.039% $3.3m
Paul Edgecliffe-Johnson
CFO, Group Head of Corporate Strategy & Executive Director6.5yrsUS$2.49m0.030% $2.5m
Elie Maalouf
CEO of the Americas & Executive Director2.5yrsUS$2.48m0.037% $3.2m
Laura Miller
Chief Investment Officer2.42yrsno datano data
Daniel Blanchard
Chief Technology Officer0.42yrno datano data
Stuart Ford
VP & Head of Investor Relationsno datano datano data
Nicolette Henfrey
Executive VP1.42yrsno datano data
Michael Torres
Chief Communications Officer & VP of Corporate Communications - Americas Regionno datano datano data
Claire Bennett
Global Chief Marketing Officer2.75yrsno data0.0091% $786.1k
Chris Moloney
Chief Operating Officer of South West Asiano datano datano data
Clarence Tan
Chief Operating Officer of South East Asia & Korea3.58yrsno datano data
Allan McEwan
Senior Vice President of Finance & Development - EMEAno datano datano data

2.9yrs

Average Tenure

53yo

Average Age

Experienced Management: ICHG.F's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Keith Barr
CEO & Director3yrsUS$3.32m0.039% $3.3m
Paul Edgecliffe-Johnson
CFO, Group Head of Corporate Strategy & Executive Director6.5yrsUS$2.49m0.030% $2.5m
Elie Maalouf
CEO of the Americas & Executive Director2.5yrsUS$2.48m0.037% $3.2m
Dale Morrison
Senior Independent Non-Executive Director6.17yrsUS$121.00k0.0016% $141.1k
Anne Busquet
Independent Non-Executive Director5.33yrsUS$82.00kno data
Patrick Cescau
Non-Executive Chairman of the Board7.5yrsUS$449.00k0.0063% $539.3k
Ian Dyson
Independent Non-Executive Director6.83yrsUS$104.00k0.00083% $71.4k
Craig Hunt
Vice-Chairman of Bass Hotels & Resorts Inc and Director of Bass Hotels & Resorts Incno datano datano data
Christopher Mayhew
Independent Non-Executive Director9yrsUS$79.00k0.00072% $61.9k
Arthur De Haast
Independent Non-Executive Director0.50yrno datano data
Jill McDonald
Independent Non-Executive Director7.08yrsUS$92.00kno data
Jo Harlow
Independent Non-Executive Director5.83yrsUS$104.00k0.00053% $45.6k

6.2yrs

Average Tenure

58yo

Average Age

Experienced Board: ICHG.F's board of directors are considered experienced (6.2 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

InterContinental Hotels Group PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: InterContinental Hotels Group PLC
  • Ticker: ICHG.F
  • Exchange: OTCPK
  • Founded: 1777
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: UK£6.819b
  • Listing Market Cap: UK£8.601b
  • Shares outstanding: 180.69m
  • Website: https://www.ihgplc.com

Number of Employees


Location

  • InterContinental Hotels Group PLC
  • Broadwater Park
  • Denham
  • Buckinghamshire
  • UB9 5HR
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IHGNYSE (New York Stock Exchange)SPON ADR EACH REPR 1 ORD(POST SPLIT)USUSDFeb 1990
IC1BDB (Deutsche Boerse AG)SPON ADR EACH REPR 1 ORD(POST SPLIT)DEEURFeb 1990
IHGLSE (London Stock Exchange)YesOrdinary SharesGBGBPMar 2003
IC1HDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2003
ICHG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 2003
IHGLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPMar 2003
IC1HBST (Boerse-Stuttgart)YesOrdinary SharesDEEURMar 2003
IHG NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNMar 2003

Biography

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels, resorts, restaurants, and spas under the InterContinental Hotels & Resorts, Regent, Six Senses, Kimpton Hotels & Restaurants, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Voco, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, and Candlewood Suites brand names. It also provides IHG Rewards Club, a hotel loyalty program. As of February 28, 2020, the company had approximately 5,900 hotels and 884,000 rooms in approximately 100 countries. InterContinental Hotels Group PLC was founded in 1777 and is headquartered in Denham, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/15 00:35
End of Day Share Price2020/07/13 00:00
Earnings2019/12/31
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.