| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
PK Overview
Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value.
Park Hotels & Resorts Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$19.22 |
| 52 Week High | US$8.86 |
| 52 Week Low | US$24.67 |
| Beta | 2.28 |
| 1 Month Change | 10.40% |
| 3 Month Change | -6.88% |
| 1 Year Change | 78.63% |
| 3 Year Change | -41.56% |
| 5 Year Change | n/a |
| Change since IPO | -33.72% |
Recent News & Updates
Park Hotels & Resorts: Keep An Eye On This One
Park Hotels & Resorts has had a lot of pain recently thanks to the COVID-19 pandemic. The company certainly could benefit from a turnaround in the space, but this year is proving to be a challenge as well. Shares do look cheap, however, and could provide nice upside for investors upon such an improvement.
Shareholder Returns
| PK | US REITs | US Market | |
|---|---|---|---|
| 7D | 4.6% | -0.3% | -0.6% |
| 1Y | 78.6% | 32.5% | 33.8% |
Return vs Industry: PK exceeded the US REITs industry which returned 32.5% over the past year.
Return vs Market: PK exceeded the US Market which returned 33.8% over the past year.
Price Volatility
| PK volatility | |
|---|---|
| PK Beta | 2.28 |
| Industry Beta | 0.82 |
| Market Beta | 1 |
Stable Share Price: PK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: PK's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 182 | Tom Baltimore | https://www.pkhotelsandresorts.com |
Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 60 premium-branded hotels and resorts with over 33,000 rooms primarily located in prime city center and resort locations.
Valuation
Is Park Hotels & Resorts 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: PK ($19.22) is trading below our estimate of fair value ($185.43)
Significantly Below Fair Value: PK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PK is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.
PE vs Market: PK is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PK is good value based on its PB Ratio (1x) compared to the US REITs industry average (2x).
Future Growth
How is Park Hotels & Resorts forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
98.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: PK is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PK's is expected to become profitable in the next 3 years.
Revenue vs Market: PK's revenue (42.5% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: PK's revenue (42.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PK's Return on Equity is forecast to be low in 3 years time (4.4%).
Past Performance
How has Park Hotels & Resorts performed over the past 5 years?
-58.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PK is currently unprofitable.
Growing Profit Margin: PK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PK is unprofitable, and losses have increased over the past 5 years at a rate of 58% per year.
Accelerating Growth: Unable to compare PK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PK is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (3.9%).
Return on Equity
High ROE: PK has a negative Return on Equity (-17.58%), as it is currently unprofitable.
Financial Health
How is Park Hotels & Resorts's financial position?
Financial Position Analysis
Short Term Liabilities: PK's short term assets ($1.1B) exceed its short term liabilities ($178.0M).
Long Term Liabilities: PK's short term assets ($1.1B) do not cover its long term liabilities ($5.5B).
Debt to Equity History and Analysis
Debt Level: PK's debt to equity ratio (112.2%) is considered high.
Reducing Debt: PK's debt to equity ratio has reduced from 136.3% to 112.2% over the past 5 years.
Debt Coverage: PK's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if PK's interest payments on its debt are well covered by EBIT.
Balance Sheet
Dividend
What is Park Hotels & Resorts's current dividend yield, its reliability and sustainability?
1.37%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PK'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 PK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PK is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PK'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?
3.5yrs
Average management tenure
CEO
Tom Baltimore (58 yo)
4.75yrs
Tenure
US$12,661,948
Compensation
Mr. Thomas Jeremiah Baltimore Jr., also known as Tom, has been the Chief Executive Officer and President at Park Hotels & Resorts Inc. since January 2017. Mr. Baltimore’s knowledge of extensive experience...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD12.66M) is above average for companies of similar size in the US market ($USD5.27M).
Compensation vs Earnings: Tom's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: PK's management team is considered experienced (3.5 years average tenure).
Board Members
Experienced Board: PK's board of directors are considered experienced (4.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PK 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
Park Hotels & Resorts Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Park Hotels & Resorts Inc.
- Ticker: PK
- Exchange: NYSE
- Founded: NaN
- Industry: Hotel and Resort REITs
- Sector: Real Estate
- Market Cap: US$4.545b
- Shares outstanding: 236.49m
- Website: https://www.pkhotelsandresorts.com
Number of Employees
Location
- Park Hotels & Resorts Inc.
- 1775 Tysons Boulevard
- 7th Floor
- Tysons
- Virginia
- 22102
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/18 22:13 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.