# Hyatt Hotels Corporation (H) — Stock CV

Hyatt Hotels Corporation is a $15.3B consumer company. Revenue grew 5.8% over the last year, it keeps 1¢ of every dollar of sales as profit, and its net debt equals ~13.8 years of free cash flow. It trades at 193.4× earnings — in the most expensive third of its own history.

> Hyatt is an operator of owned (2% of total rooms) and managed and franchised (98%) properties across about 35 upscale luxury brands, which include vacation brands (Apple Leisure Group, Hyatt Ziva, and Hyatt Zilara), the recently launched full-service lifestyle brand Hyatt Centric, the soft lifestyle brand Unbound,…

## Identity

- **Ticker**: H
- **Sector**: Consumer Cyclical
- **Industry**: Hotels & Motels
- **Headquarters**: CHICAGO, IL
- **Employees**: 50 000
- **Website**: https://www.hyatt.com
- **Market cap**: $15.3B
- **Last price**: $161.94
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $7.15B
- **Net income**: $79.0M
- **Free cash flow**: $252M
- **Net debt**: $3.46B
- **P/E**: 193.4
- **Revenue growth (YoY)**: 5.8%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 30 |
| Growth | 50 |
| Profitability | 16 |
| Health | 15 |
| Quality | 66 |
| Moat | 24 |

## Qualifications (beginner checklist) — 7 of 11 passed

- [x] Revenue growing — +5.8% YoY
- [x] Profitable — $79.0M TTM
- [ ] Profit growing — -104.0% YoY
- [x] Generates cash — $252M TTM
- [ ] Debt under control — ~13.8y of cash flow to repay
- [x] Established company — $15.3B market cap
- [x] Not printing shares — -6.8% shares over ~5y
- [x] Proven track record — 7/10 profitable years
- [ ] Financially stable — health score 3/100
- [x] Pays a dividend — yield 0.37%
- [ ] Valuation not extreme — P/E 193.4

## Experience (career milestones)

- **2025** — Hyatt closed on the sale of the real estate portfolio acquired from Playa Hotels & Resorts for $1.98 billion
- **FY2024** — Best year on record: $1.30B net income
- **2024** — Hyatt acquired the me and all hotels brand from Lindner Hotels AG, for which Hyatt has entered into a…
- **FY2021** — Positive free cash flow every year since: 5-year streak
- **2021** — Hyatt acquired Apple Leisure Group (ALG), a luxury resort-management services, travel and…
- **FY2016** — First recorded profitable year: $204M net income
- **FY2016** — Revenue already above $1B: $4.43B in first reported year
- **2013** — Hyatt introduced their first all-inclusive resort brands, Hyatt Ziva and Hyatt Zilara
- **2007** — Hyatt launched its first lifestyle brand, Andaz, in April 2007
- **1980** — Alongside the Hyatt Regency brand, the company introduced the Grand Hyatt brand in 1980
- **1979** — Hyatt became a private company in 1979, when the Pritzkers bought the outstanding shares
- **1969** — Hyatt opened its first international hotel, when it was awarded the management contract for the President…
- **1966** — It had two divisions: Hyatt House Hotels and Hyatt Chalet Motels (renamed Hyatt Lodges in 1966)
- **1962** — The company went public in 1962 as Hyatt Corporation

## Strengths

- High gross margin (46.7%)

## Watch-outs

- Thin interest coverage (1.4×)
- Loss-making in 3 of the recent years
- Net debt equals ~13.8 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $3.03B | -$222M | $204M |
| FY2022 | $5.89B | $455M | $473M |
| FY2023 | $6.67B | $220M | $602M |
| FY2024 | $6.65B | $1.30B | $463M |
| FY2025 | $7.10B | -$52.0M | $159M |

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Source: https://stockcv.com/H — derived from company filings; may be delayed or incomplete. Information, not investment advice.