Buy Or Sell Opportunity • May 20
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.1% to US$155. The fair value is estimated to be US$128, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to decline by 12% per annum. Earnings are forecast to grow by 9.4% per annum over the same time period. Duyuru • May 10
InterContinental Hotels Group PLC Announces Committees Changes, Effective May 6, 2026 InterContinental Hotels Group PLC announced that following Sir Ron Kalifa's resignation from the Board and Nicholas Cadbury's appointment to the Board, Sharon Rothstein, Non-Executive Director, has been appointed as a member of the Remuneration Committee and has stepped down from the Audit Committee with effect from May 6, 2026. The Annual General Meeting of InterContinental Hotels Group PLC was held on May 7, 2026. All resolutions set out in the Notice of Meeting were duly passed by way of a poll. Duyuru • Mar 13
Intercontinental Hotels Group plc Announces Resignation of Ron Kalifa as Non-Executive Director, Effective May 7, 2026 InterContinental Hotels Group PLC announced that Non-Executive Director Sir Ron Kalifa has taken the decision to step down from the Board of IHG to pursue other commitments. Sir Ron has served on the Board since January 2024 and is a member of IHG's Audit and Remuneration Committees. He will step down from the Board on May 7, 2026, following the Annual General Meeting. Duyuru • Mar 09
IHG Hotels & Resorts Appoints Neetu Mistry as Managing Director for the UK & Ireland Estate, Effective March 3, 2026 IHG Hotels & Resorts has appointed Neetu Mistry as Managing Director for the UK & Ireland estate, effective March 3rd. Mistry will oversee more than 400 open and pipeline hotels in the region as of 31 December 2025. Her responsibilities include leading the continued growth and performance of IHG’s UK & Ireland operations and strengthening partnerships across the company’s owner community. Mistry has more than 20 years of experience in the hotel industry across the UK and European management companies. She previously served as an Owner Representative for one of IHG’s regional councils. Duyuru • Feb 19
InterContinental Hotels Group PLC Proposes Final Dividend for the Year Ended 31 December 2025, Payable on 14 May 2026 InterContinental Hotels Group PLC proposed final dividend increase of +10% to 125.9¢, the total dividend for 2025 of 184.5¢ will have increased by +10% for another year, an annual growth rate consistently delivered for shareholders since 2022. The ex-dividend date for the final dividend is 9 April 2026 (Friday 10 April 2026 for ADRs) and the record date is 10 April 2026. Subject to shareholder approval at the AGM on 7 May 2026, the final dividend will be paid on 14 May 2026. Duyuru • Feb 18
InterContinental Hotels Group PLC (LSE:IHG) announces an Equity Buyback for $950 million worth of its shares. InterContinental Hotels Group PLC (LSE:IHG) announces a share repurchase program. Under the program, the company will repurchase up to $950 million worth of its ordinary shares. The program is in line with its strategy to return surplus capital to shareholders. The company has entered into an agreement with Goldman Sachs International in relation to the purchase. The purpose of the program is to reduce the issued share capital and the shares purchased will be cancelled. The program will end no later than December 29, 2026. Duyuru • Feb 17
InterContinental Hotels Group PLC, Annual General Meeting, May 07, 2026 InterContinental Hotels Group PLC, Annual General Meeting, May 07, 2026. Duyuru • Feb 11
InterContinental Hotels Group Announces Deanna Oppenheimer Resumes Duties as Non-Executive Chair Further to the announcement on 21 October 2025, InterContinental Hotels Group PLC announced that Deanna Oppenheimer has resumed her duties as Non-Executive Chair following a short-term leave of absence for medical reasons. Senior Independent Director Graham Allan will now resume his normal duties, having assumed Chair responsibilities on an interim basis during this period. Duyuru • Jan 17
IHG Hotels Resorts Announces Mark Sergot as Chief Development Officer, Americas IHG Hotels Resorts (IHG on January 16, 2026 announced the appointment of Mark Sergot as its new Chief Development Officer (CDO) for the Americas. Sergot will lead IHG's Americas Development organization, including its current leadership team, spearheading the region's growth strategy across the United States, Canada, Mexico, Latin America and the Caribbean. Sergot has more than 25 years of industry experience in sales leadership roles across global hospitality organizations. He joined IHG in 2020 as Vice President of Global Sales Operations Enablement. Since 2022, he has led IHG's Global Sales Organization as Senior Vice President of Global Sales, overseeing the Americas Global Accounts teams, guiding strategy, operations and events while partnering with regional sales leaders worldwide. In his new role, Sergot will lead the growth of IHG's hotel deal pipeline across its Luxury Lifestyle, Premium, Essentials, and Suites portfolios, while deepening owner relationships and unlocking opportunities in strategic growth markets. Prior to IHG, Sergot spent more than 16 years with Fairmont Hotels Resorts. He also currently represents IHG on the Board of the U.S. Travel Association. Duyuru • Jan 02
InterContinental Hotels Group PLC to Report First Half, 2026 Results on Aug 11, 2026 InterContinental Hotels Group PLC announced that they will report first half, 2026 results on Aug 11, 2026 Duyuru • Dec 15
InterContinental Hotels Group PLC Appoints Nicholas Cadbury as Non-Executive Director and Audit Committee and Responsible Business Committees, Effective March 1, 2026 InterContinental Hotels Group PLC announced the appointment of Nicholas Cadbury as Non-Executive Director, effective March 1, 2026. Nicholas is currently Chief Financial and Sustainability Officer of International Consolidated Airlines Group SA. Prior to this, he was Group Finance Director at Whitbread PLC from 2012 to 2022, Chief Financial Officer of Premier Farnell PLC between 2011 and 2012, and Chief Financial Officer of Dixons Retail PLC between 2008 and 2011. In addition, Nicholas was also Non-Executive Director and Chair of the Audit Committee at Land Securities Group PLC between 2017 and 2023. Nicholas will serve on the Audit Committee and Responsible Business Committees upon appointment. Nicholas Cadbury currently serves as Chief Financial and Sustainability Officer of International Consolidated Airlines Group SA, having joined the business in March 2022. He previously worked at Whitbread as Group Finance Director from 2012 to 2022. Prior to this he worked at Dixons Retail PLC in a variety of management roles, including Chief Financial Officer from 2008 to 2011. Nicholas also held the position of Chief Financial Officer of Premier Farnell PLC, which he joined in 2011. He started his professional career as an accountant at Price Waterhouse. Nicholas' career has seen him work across Europe, US, China and the Middle East with consumer and B2B customers in hospitality, retail, online, property and distribution sectors. Duyuru • Oct 23
Intercontinental Hotels Group plc Announces to Launch A New Collection Brand InterContinental Hotels Group PLC announced to launch a new collection brand within the large, fast-growing premium segment in the coming months, positioned in upscale to upper upscale. The new brand will initially focus on their EMEAA region where there is a significant proportion of high-quality hotels with their own unique identity, and where a collection brand will expand their offer for guests and allow more owners to benefit from their enterprise platform. The brand will complement their versatile premium conversion brand, voco, which has already reached 225 open and pipeline hotels across more than 30 countries since its launch in 2018. It will also look to replicate the success of Vignette Collection, launched in 2021, which is positioned higher in the Luxury & Lifestyle category and already tracking ahead of its goal to reach 100 hotels in a decade, currently with 27 open and a further 41 pipeline properties. Duyuru • Oct 22
InterContinental Hotels Group PLC Announces Appointment of Graham Allan as Interim Chair, Following Deanna Oppenheimer's Leave of Absence InterContinental Hotels Group PLC announced that Non-Executive Chair Deanna Oppenheimer has taken a short-term leave of absence for medical reasons. During this period Senior Independent Non-Executive Director Graham Allan will assume Chair responsibilities on an interim basis, effective immediately (21 October 2025). A further update on Deanna's return will be made in due course. Duyuru • Sep 23
Ihg Hotels & Resorts Introduces Ruby to the U.S., Targeting Growth in Urban Micro Segment IHG Hotels & Resorts (IHG) announced development opportunity availability in the U.S. for Ruby Hotels (Ruby), its 20th global brand. As the latest addition to its premium collection of brands, Ruby will offer a new and attractive option for cost- and style-conscious travelers in U.S. city centers. For owners, the brand represents a versatile alternative that is ready made for urban settings often challenged by significant barriers to entry and space constraints. Ruby's U.S. market debut marks a notable milestone in its global expansion, building on its addition to the IHG portfolio earlier this year. Founded in Germany in 2013, Ruby's expanding presence now includes 34 open or pipeline hotels in major European cities. Much like its European foothold, IHG's strategic growth plan for Ruby will prioritize major U.S. urban markets and accommodate a range of project types including new build, conversion and adaptive reuse. Through its premium urban lifestyle approach, Ruby emphasizes the elements and amenities that guests prioritize while eliminating unwanted extras. Each hotel offers standardized and beautifully appointed room options featuring everything guests need for a comfortable stay, including cozy beds, premium finishes and fixtures,rainfall showers and high-quality bath amenities. Ruby's public spaces additionally welcome travelers and neighbors through locally crafted interiors and destination 24/7 bars serving unique cocktails and barista coffee. Duyuru • Sep 09
IHG Hotels & Resorts Appoints Jaideep Dang as Head of Development, South West Asia IHG Hotels & Resorts has announced the appointment of Jaideep Dang as head of development, South West Asia. The hospitality chain said in his new role, Dang will be responsible for driving IHG growth strategy across the region and will report directly to Sudeep Jain, MD, South West Asia, IHG Hotels & Resorts. Dang brings with him over 22 years of experience in the hospitality and real estate sectors. He joins IHG from JLL India, where, as Managing Director Hotels & Hospitality Group, he led the advisory and transactions business for India and South Asia. IHG said under his leadership, the business established a 'market leading' position in hotel investment sales, and built a 'strong', 'high-performing' team recognized for delivering 'outstanding' advisory on hotel project feasibilities, valuations, management contracts, and development strategies. Prior to JLL, Dang spent eight years with The Oberoi Group as senior vice president, Strategic Development. India is a priority growth market for IHG, the company said. Earlier this year, the company celebrated the milestone opening of its 50th hotel in the country and has a pipeline of over 70 hotels across luxury, premium and mainstream segments in high-potential cities. Duyuru • Aug 08
InterContinental Hotels Group PLC Declares Interim Dividend for 2025, Payable on 2 October 2025 The Board of InterContinental Hotels Group PLC is declaring an interim dividend of 58.6 cents, an increase of 10% on the 53.2 cents paid in 2024. The ex-dividend date for the interim dividend is 21 August 2025 (22 August 2025 for ADRs) and the record date is 22 August 2025. The interim dividend will be paid on 2 October 2025, resulting in a cash outflow of approximately $90 million. Total dividends paid to shareholders in 2025 will amount to approximately $270 million. Duyuru • Feb 19
InterContinental Hotels Group PLC, Annual General Meeting, May 08, 2025 InterContinental Hotels Group PLC, Annual General Meeting, May 08, 2025. Duyuru • Feb 04
InterContinental Hotels Group PLC to Report First Half, 2025 Results on Aug 07, 2025 InterContinental Hotels Group PLC announced that they will report first half, 2025 results on Aug 07, 2025 Duyuru • Jan 15
InterContinental Hotels Group PLC to Report Fiscal Year 2024 Results on Feb 18, 2025 InterContinental Hotels Group PLC announced that they will report fiscal year 2024 results on Feb 18, 2025 Duyuru • Aug 06
InterContinental Hotels Group plc Declares Interim Dividend, Payable on 3 October 2024 The Board is declaring an interim dividend of 53.2 cents, which represents a growth of 10% on the 48.3 cents interim dividend paid in 2023. The ex-dividend date for ordinary shares is Thursday 29 August 2024 and for American Depositary Shares the ex-dividend date is Friday 30 August 2024. The record date (for both ordinary shares and American Depositary Shares) is Friday 30 August 2024. The corresponding dividend amount in Pence Sterling per ordinary share will be announced on 12 September 2024, calculated based on the average of the market exchange rates for the three working days commencing 9 September 2024. The dividend will be paid on 3 October 2024, resulting in a cash outflow of around $85 million. Duyuru • Jul 04
Daniela Barone Soares, Non-Executive Director, to Step Down from the Board of Intercontinental Hotels Group PLC, with Effect from 31 December 2024 InterContinental Hotels Group PLC announced that Daniela Barone Soares, Non-Executive Director, has taken the decision to step down from the IHG Board, with effect from 31 December 2024, to focus on other commitments. Duyuru • Apr 19
IHG Hotels & Resorts Launches Apple Airplay in North American Hotels IHG Hotels & Resorts launched AirPlay in the first phase of hotel rooms, giving guests the ability to stream content privately and securely from their iPhone or iPad to the TV in their guest rooms. AirPlay is available at more than 60 hotels in North America, including properties like InterContinental Buckhead Atlanta, Hotel Indigo NYC Downtown – Wall Street and Holiday Inn & Suites Ottawa Kanata. With AirPlay, IHG provides seamless connectivity and enhances the overall guest experience, improving guest satisfaction. Guests can simply scan a QR to the hotel's Wi-Fi network and enjoy a personalized entertainment experience. Each QR code is unique, ensuring that a guest's content remains personal and private and streams only to the LG hotel TV in the room. Upcoming Dividend • Mar 28
Upcoming dividend of US$1.04 per share Eligible shareholders must have bought the stock before 04 April 2024. Payment date: 14 May 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (2.0%). Declared Dividend • Feb 23
Final dividend of US$1.04 announced Shareholders will receive a dividend of US$1.04. Ex-date: 4th April 2024 Payment date: 14th May 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Feb 22
Intercontinental Hotels Group plc Proposes Final Dividend, Payable on 14 May 2024 The Board of InterContinental Hotels Group PLC is proposing a final dividend of 104.0 cents in respect of 2023, which is growth of 10% on 2022. With the interim dividend of 48.3 cents paid in October 2023, the total dividend for the year would therefore be 152.3 cents, representing an increase of 10%. The ex-dividend date is 4 April 2024 and the record date is 5 April 2024. The corresponding dividend amount in Pence Sterling per ordinary share will be announced on 25 April 2024, calculated based on the average of the market exchange rates for the three working days commencing 22 April 2024. Subject to shareholder approval at the AGM on 3 May 2024, the dividend will be paid on 14 May 2024. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: US$4.44 (vs US$2.07 in FY 2022) Full year 2023 results: EPS: US$4.44 (up from US$2.07 in FY 2022). Revenue: US$2.16b (down 29% from FY 2022). Net income: US$750.0m (up 100% from FY 2022). Profit margin: 35% (up from 12% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 21
InterContinental Hotels Group PLC (LSE:IHG) announces an Equity Buyback for $800 million worth of its shares. InterContinental Hotels Group PLC (LSE:IHG) announces a share repurchase program. Under the program, the company will repurchase up to $800 million worth of its ordinary shares. The program is in line with its strategy to return surplus capital to shareholders. The company has entered into an agreement with Goldman Sachs International ("GSI") in relation to the purchase. The purpose of the program is to reduce the issued share capital and the shares purchased will be cancelled. The program will end no later than December 27, 2024. Duyuru • Feb 11
InterContinental Hotels Group PLC, Annual General Meeting, May 03, 2024 InterContinental Hotels Group PLC, Annual General Meeting, May 03, 2024. Duyuru • Feb 10
InterContinental Hotels Group PLC to Report First Half, 2024 Results on Aug 06, 2024 InterContinental Hotels Group PLC announced that they will report first half, 2024 results on Aug 06, 2024 Duyuru • Feb 09
InterContinental Hotels Group PLC to Report Fiscal Year 2023 Results on Feb 20, 2024 InterContinental Hotels Group PLC announced that they will report fiscal year 2023 results on Feb 20, 2024 Duyuru • Oct 20
Intercontinental Hotels Group plc Appoints Ron Kalifa as Non-Executive Director, Effective 1 January 2024 InterContinental Hotels Group PLC announces the appointment of Sir Ron Kalifa as Non-Executive Director, effective 1 January 2024. Ron is currently Chair of Network International, the leading payments operatoracross the Middle East and Africa, and Non-Executive Director and Senior Independent Director on the Court of Directors at the Bank of England. Prior to this, Ron was the Chief Executive Officer at Worldpay from 2002 to 2013 before becoming Deputy Chair until February 2020. Between 1986 and 2002, Ron held leadership roles across operations, sales and marketing and eCommerce at the Royal Bank of Scotland (now NatWest Group plc). Ron will serve on the Audit Committee and Remuneration Committee upon appointment. Ron is also an independent Non-Executive Director on the Board of the England & Wales Cricket Board, a Trustee of the Royal Foundation of the Prince and Princess of Wales, and a member of the Council of Imperial College, London. Duyuru • Sep 16
Intercontinental Hotels Group plc Declares Interim Dividend InterContinental Hotels Group PLCOn 8 August 2023, the Board of IHG announced an interim dividend for 2023 of 48.3 cents per share and that the corresponding amount in Pence Sterling per share would be announced on 14 September 2023. Accordingly, the Pence Sterling amount payable to Shareholders in relation to the interim dividend will be 38.7 pence per ordinary share. Upcoming Dividend • Aug 24
Upcoming dividend of US$0.48 per share at 1.9% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 05 October 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of British dividend payers (6.3%). In line with average of industry peers (1.9%). Recent Insider Transactions • Aug 18
Insider recently sold UK£1.3m worth of stock On the 11th of August, George Turner sold around 22k shares on-market at roughly UK£59.59 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£6.2m more than they bought in the last 12 months. Reported Earnings • Aug 09
First half 2023 earnings released: EPS: US$2.65 (vs US$1.17 in 1H 2022) First half 2023 results: EPS: US$2.65 (up from US$1.17 in 1H 2022). Revenue: US$1.78b (up 28% from 1H 2022). Net income: US$459.0m (up 113% from 1H 2022). Profit margin: 26% (up from 16% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Hospitality industry in the United Kingdom are expected to grow by 8.6%. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 01
InterContinental Hotels Group PLC Announces Executive Changes InterContinental Hotels Group PLC announced the retirement from the IHG Board of Non-Executive Director and Chair of the Remuneration Committee Jo Harlow, effective 31 December 2023. The appointment of Angie Risley as Non-Executive Director, effective 1 September 2023, who will succeed Jo Harlow as Chair of the Remuneration Committee from 1 January 2024 upon Jo's retirement. These changes reflect IHG's ongoing commitment to succession planning, bringing together a diverse range of talent, expertise, skills and relevant experience, and facilitating a thorough transition of responsibilities. Jo Harlowwas appointed to the IHG Board as a Non-Executive Director in 2014 and became the Chair of the Remuneration Committee in 2017. She also sits on the Nomination Committee. Angie Risley is currently Remuneration Committee Chair at Smith & Nephew plc, having previously held the same position on the Board of Serco Group plc. Angie will serve on the Remuneration Committee and Responsible Business Committee of the IHG Board upon appointment and will assume the role of Chair of the Remuneration Committee and join the Nomination Committee on 1 January 2024. Angie is currently a Non-Executive Director at Smith & Nephew plc, where she is Chair of the Remuneration Committee and a member of the Nomination & Governance Committee and the Compliance & Culture Committee. She previously served as Non-Executive Director of Serco Group plc (and was Chair of the Remuneration Committee) as well as Sainsbury's Bank plc, Arriva and Biffa, and she has been a member of the Low Pay Commission. Angie's career in Human Resources has spanned Executive roles across a number of sectors, including at United Biscuits; Whitbread as an Executive Director, Group HR Director; and Lloyds Banking Group as a member of the Executive Committee as Group HR Director. She recently retired from Sainsbury's where she was Group HR Director for 10 years and a member of the Operating Board. Duyuru • May 18
InterContinental Hotels Group Announces Management Changes InterContinental Hotels Group announced that Jolyon Bulley will succeed Elie Maalouf as Americas CEO. Jolyon is currently IHG's Chief Executive Officer for the Greater China region, and also the Group's Transformation Lead for Luxury & Lifestyle. The appointment follows the announcement on 5 May that Elie will become IHG's Group Chief Executive Officer on 1 July following Keith Barr's decision to step down to return with his family to the US. Jolyon has been CEO for Greater China since 2018 and is a member of IHG's Executive Committee. He was previously Chief Operating Officer (COO) for the Americas region from 2014 to 2017. He will take up his new position on 1 July and will be returning to his family home in Atlanta in the US where he will be based. A career hotelier, Jolyon has held a number of significant roles at IHG since he joined the business in 2001. As CEO for Greater China, he has been responsible for accelerating the growth and driving the profitability of IHG's second-largest market. Prior to that, as COO for the Americas, Jolyon led the region's operations for franchised and managed hotels, strengthening owner relationships and hotel operating performance. This led on from Jolyon holding the same role as COO for Greater China, where he similarly oversaw the region's hotel portfolio and brand performance, new hotel openings and owner relations. As IHG concludes succession planning for Jolyon's responsibilities in Greater China, Daniel Aylmer, Managing Director for Greater China, will report into Elie and continue his responsibilities in China. Transition planning is underway for Jolyon's other commitments. Jolyon Bulley is Chief Executive Officer, Greater China, and Group Transformation Lead, Luxury & Lifestyle. Jolyon is responsible for the management, growth and profitability of IHG's Greater China region and for the development and defining of a clear strategy for IHG's Luxury & Lifestyle brands globally. A career hotelier, Jolyon has held a number of significant roles at IHG and was appointed CEO for Greater China in January 2018. Prior to that, he was Chief Operating Officer (COO) for the Americas from 2014 to 2017, leading the region's operations for franchised and managed hotels, in addition to cultivating franchisee relationships and enhancing hotel operating performance. Jolyon also served as COO for Greater China, with oversight of the region's hotel portfolio and brand performance, new hotel openings and owner relations. In 2021, he was appointed to lead the Luxury & Lifestyle Transformation Team. Jolyon joined IHG in 2001, as Director of Operations, New South Wales in Australia, and then held roles of increasing responsibility across IHG's Asia-Pacific region. He became Regional Director Sales & Marketing for Australia, New Zealand & South Pacific in 2003, relocated to Singapore in 2005 and held positions of Vice President Operations South East Asia & India, Vice President Resorts, and Vice President Operations, South East & South West Asia. Jolyon graduated from William Angliss Institute in Melbourne with a concentration in Tourism. Upcoming Dividend • Mar 23
Upcoming dividend of US$0.94 per share at 2.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 16 May 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of British dividend payers (5.6%). Higher than average of industry peers (1.6%). Buying Opportunity • Mar 15
Now 21% undervalued Over the last 90 days, the stock is up 7.5%. The fair value is estimated to be UK£66.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 59%. For the next 3 years, revenue is forecast to decline by 3.1% per annum. Earnings is forecast to grow by 16% per annum over the same time period. Recent Insider Transactions • Feb 23
Key Executive recently sold UK£2.0m worth of stock On the 21st of February, Paul Edgecliffe-Johnson sold around 36k shares on-market at roughly UK£55.21 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Paul's only on-market trade for the last 12 months. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: US$2.07 (vs US$1.45 in FY 2021) Full year 2022 results: EPS: US$2.07 (up from US$1.45 in FY 2021). Revenue: US$3.06b (up 32% from FY 2021). Net income: US$375.0m (up 41% from FY 2021). Profit margin: 12% (in line with FY 2021). Revenue is expected to decline by 4.9% p.a. on average during the next 3 years, while revenues in the Hospitality industry in the United Kingdom are expected to grow by 9.6%. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 02
InterContinental Hotels Group PLC to Report First Half, 2023 Results on Aug 08, 2023 InterContinental Hotels Group PLC announced that they will report first half, 2023 results on Aug 08, 2023 Buying Opportunity • Nov 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.1%. The fair value is estimated to be UK£59.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Upcoming Dividend • Aug 25
Upcoming dividend of US$0.44 per share Eligible shareholders must have bought the stock before 01 September 2022. Payment date: 06 October 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (5.3%). Higher than average of industry peers (1.2%). Buying Opportunity • Aug 10
Now 21% undervalued Over the last 90 days, the stock is up 3.1%. The fair value is estimated to be UK£62.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Buying Opportunity • May 05
Now 22% undervalued Over the last 90 days, the stock is up 2.9%. The fair value is estimated to be UK£63.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings is also forecast to grow by 22% per annum over the same time period. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: US$1.45 (vs US$1.43 loss in FY 2020) Full year 2021 results: EPS: US$1.45 (up from US$1.43 loss in FY 2020). Revenue: US$2.32b (up 32% from FY 2020). Net income: US$266.0m (up US$526.0m from FY 2020). Profit margin: 12% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the next year, revenue is expected to shrink by 20% compared to a 39% growth forecast for the restaurants industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 24
Upcoming dividend of US$0.86 per share Eligible shareholders must have bought the stock before 31 March 2022. Payment date: 17 May 2022. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (4.6%). Higher than average of industry peers (0.9%). Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$1.45 (up from US$1.43 loss in FY 2020). Revenue: US$2.32b (up 32% from FY 2020). Net income: US$266.0m (up US$526.0m from FY 2020). Profit margin: 12% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Over the next year, revenue is expected to shrink by 21% compared to a 39% growth forecast for the restaurants industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Aug 12
First half 2021 earnings released: EPS US$0.26 (vs US$1.15 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$943.0m (up 8.0% from 1H 2020). Net income: US$48.0m (up US$258.0m from 1H 2020). Profit margin: 5.1% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Executive Departure • Jun 03
Independent Non-Executive Director Richard Anderson has left the company On the 26th of May, Richard Anderson's tenure as Independent Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Richard's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 3.92 years. Executive Departure • May 12
Independent Non-Executive Director has left the company On the 7th of May, Anne Busquet's tenure as Independent Non-Executive Director ended after 6.2 years in the role. We don't have any record of a personal shareholding under Anne's name. A total of 3 executives have left over the last 12 months. Recent Insider Transactions • Mar 20
Key Executive recently sold UK£140k worth of stock On the 16th of March, Paul Edgecliffe-Johnson sold around 3k shares on-market at roughly UK£52.00 per share. In the last 3 months, there was an even bigger sale from another insider worth UK£661k. This was Paul's only on-market trade for the last 12 months. Recent Insider Transactions • Mar 05
Insider recently sold UK£661k worth of stock On the 1st of March, Kenneth Macpherson sold around 13k shares on-market at roughly UK£50.61 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£2.0m more than they bought in the last 12 months. Reported Earnings • Feb 24
Full year 2020 earnings released: US$1.43 loss per share (vs US$2.10 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$1.76b (down 49% from FY 2019). Net loss: US$260.0m (down 168% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 72% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 22
New 90-day high: UK£53.02 The company is up 14% from its price of UK£46.66 on 24 November 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£61.95 per share. Is New 90 Day High Low • Feb 05
New 90-day high: UK£49.79 The company is up 19% from its price of UK£41.75 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£60.94 per share. Is New 90 Day High Low • Dec 04
New 90-day high: UK£49.77 The company is up 12% from its price of UK£44.28 on 04 September 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£46.10 per share. 
