A financial analysis on NH-hotels

EXECUTIVE SUMMARY This report is a pecuniary surfaceline of the NH Hoteles hotel club from the outdoor stage of financial analysts wishing to bribe shares in the hospitability-leisure business. Along with NH Hoteles, we chose ii American hotel chains, Hilton and Marriott, and one European chain, Accor as industry alternatives Our conclusions engage: ·The global kick the place industry has bottomed out since the fearful years of 2001 and 2002 and is astir(p). ·NH Hoteles financial rations do not show gravid improvement all over the past two years, but imply a square company that can survive in difficult economical conditions. Public explanations of strategy show that the company is committed to improving these ratios along with general operating efficiency. · resemblance with companies in the homogeneous trade sector, combined with the trends in market improvement kick up NH Hoteles relative financial health cultivate it a good candidate for acquisition, but the stock scathe will traverse to under-perform its rivals. · Further analysis will be necessary to pose the possible acquisition price and the social intercourse to the authoritative share price. TABLE OF CONTENTS SECTIONTITLEPAGE IIntroduction4 IIIndustry Background5 IIIOverview of NH Hoteles6 IVPresentation of Financial Reports7 VFinancial Ratios9 VIFinancial Analysis10 VIIComparative Analysis11 VIIRecent Developments14 IXConclusion15 XBibliography17 LIST OF TABLES AND GRAPHS TYPETITLEPAGE represent INH Hoteles Expansion6 Table IFinancial Ratios9 graph IIROCE12 Graph IIIProfitability 13 Graph IVP/E Ratios14 Graph V2003 Stock Prices14 I.INTRODUCTION The years 2001 and 2002 were rattling difficult for both travel industry and global rectitude markets. In light of these developments, we accept a hotel business with a strong capital social organisation and cash endure would be in an excellent daub to wait out the economic downturn and be in a come in to take advant age of weaker rivals and any economic recove! ry. In basis of fundamental analysis we are flavor for a restrain gearing ratio, sustainable liquidity... If you want to agitate a unspoilt essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper