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WH - Wyndham Hotels & Res...

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Wyndham Hotels & Resorts, Inc.

WH

NYSE

Wyndham Hotels & Resorts, Inc. operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others. The Hotel Management segment provides hotel management services for full-service and limited-service hotels. It is also involved in the reward loyalty program business. The company's hotel brand portfolios include Super 8, Days Inn, Travelodge, Microtel, Howard Johnson, La Quinta, Ramada, Baymont, AmericInn, Wingate, Wyndham Alltra, Wyndham Garden, Ramada Encore, Hawthorn, Registry Collection, Trademark Collection, TRYP, Dazzler, Esplendor, Wyndham Grand, Dolce, and Wyndham. As of August 9, 2022, it operated a portfolio of 22 hotel brands with approximately 9,000 hotels with approximately 8,19,000 rooms in approximately 95 countries. The company was incorporated in 2017 and is headquartered in Parsippany, New Jersey.

87.05 USD

1.69 (1.94%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

1.3B

1.56B

1.5B

1.4B

1.41B

1.44B

1.48B

1.52B

1.56B

1.6B

Revenue %

-

20.38

-4.28

-6.74

0.79

2.54

2.54

2.54

2.54

Ebitda

54M

550M

601M

582M

563M

465.06M

476.86M

488.96M

501.37M

514.09M

Ebitda %

4.15

35.14

40.12

41.66

39.99

32.21

32.21

32.21

32.21

Ebit

-1.07B

-597M

-387M

506M

492M

-216.7M

-222.2M

-227.83M

-233.61M

-239.54M

Ebit %

-82.23

-38.15

-25.83

36.22

34.94

-15.01

-15.01

-15.01

-15.01

Depreciation

1.12B

1.15B

988M

76M

71M

681.76M

699.06M

716.8M

734.98M

753.63M

Depreciation %

86.38

73.29

65.95

5.44

5.04

47.22

47.22

47.22

47.22

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

493M

171M

161M

66M

103M

206.85M

212.1M

217.48M

222.99M

228.65M

Total Cash %

37.92

10.93

10.75

4.72

7.32

14.33

14.33

14.33

14.33

Receivables

295M

246M

234M

241M

271M

261.4M

268.03M

274.83M

281.81M

288.96M

Receivables %

22.69

15.72

15.62

17.25

19.25

18.11

18.11

18.11

18.11

Inventories

-67M

56M

-

-

-

-4.55M

-4.66M

-4.78M

-4.9M

-5.03M

Inventories %

-5.15

3.58

-

-

-

-0.32

-0.32

-0.32

-0.32

Payable

28M

31M

39M

32M

37M

33.66M

34.51M

35.39M

36.29M

37.21M

Payable %

2.15

1.98

2.6

2.29

2.63

2.33

2.33

2.33

2.33

Cap Ex

-33M

-37M

-39M

-37M

-49M

-39.37M

-40.37M

-41.39M

-42.44M

-43.52M

Cap Ex %

-2.54

-2.36

-2.6

-2.65

-3.48

-2.73

-2.73

-2.73

-2.73

Weighted Average Cost Of Capital

Price

87.05

Beta

Diluted Shares Outstanding

80.1M

Costof Debt

5.23

Tax Rate

After Tax Cost Of Debt

4.11

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

2.47B

Total Equity

6.97B

Total Capital

9.44B

Debt Weighting

26.13

Equity Weighting

73.87

Wacc

7.86

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

1.3B

1.56B

1.5B

1.4B

1.41B

1.44B

1.48B

1.52B

1.56B

1.6B

Ebitda

54M

550M

601M

582M

563M

465.06M

476.86M

488.96M

501.37M

514.09M

Ebit

-1.07B

-597M

-387M

506M

492M

-216.7M

-222.2M

-227.83M

-233.61M

-239.54M

Tax Rate

21.47

21.47

21.47

21.47

21.47

21.47

21.47

21.47

21.47

21.47

Ebiat

-893.09M

-434.83M

-288.62M

367.42M

386.38M

-165.6M

-169.81M

-174.11M

-178.53M

-183.06M

Depreciation

1.12B

1.15B

988M

76M

71M

681.76M

699.06M

716.8M

734.98M

753.63M

Receivables

295M

246M

234M

241M

271M

261.4M

268.03M

274.83M

281.81M

288.96M

Inventories

-67M

56M

-

-

-

-4.55M

-4.66M

-4.78M

-4.9M

-5.03M

Payable

28M

31M

39M

32M

37M

33.66M

34.51M

35.39M

36.29M

37.21M

Cap Ex

-33M

-37M

-39M

-37M

-49M

-39.37M

-40.37M

-41.39M

-42.44M

-43.52M

Ufcf

-3.09M

604.17M

736.38M

392.42M

383.38M

487.6M

483.22M

495.48M

508.05M

520.94M

Wacc

7.86

7.86

7.86

7.86

7.86

Pv Ufcf

452.06M

415.36M

394.86M

375.38M

356.85M

Sum Pv Ufcf

1.99B

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

7.86

Free Cash Flow T1

536.57M

Terminal Value

11.05B

Present Terminal Value

7.57B

Intrinsic Value

Enterprise Value

9.57B

Net Debt

2.36B

Equity Value

7.2B

Diluted Shares Outstanding

80.1M

Equity Value Per Share

89.92

Projected DCF

89.92 0.032%

DCF Levered

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