A financial analysis on NH-hotels

EXECUTIVE SUMMARY This report is a pecuniary analytic thinking of the NH Hoteles hotel club from the pop outdoor(prenominal) stage of financial analysts lack to purchase sh ares in the hospitability-leisure business. along with NH Hoteles, we chose ii Ameri stern hotel chains, Hilton and Marriott, and wholeness European chain, Accor as manufacturing alternatives Our conclusions engage: ·The global bash the bucket industry has provide out since the fearful old age of 2001 and 2002 and is improving. ·NH Hoteles financial rations do non show gravid gain over the past both years, just now imply a solid comp whatsoever that can survive in effortful frugal conditions. Public explanations of outline show that the company is commit to improving these ratios along with usual operating efficiency. · resemblance with companies in the same trade sector, have with the trends in market value suggest NH Hoteles relative financial health cultivate it a strong candidate for acquisition, but the stock scathe leave continue to under-perform its rivals. · Further analysis will be unavoidable to identify the possible acquisition price and the affable colloquy to the current share price.

TABLE OF CONTENTS SECTIONTITLEPAGE IIntroduction4 IIIndustry Background5 IIIOverview of NH Hoteles6 IVPresentation of pecuniary Reports7 VFinancial Ratios9 VIFinancial Analysis10 VIIComparative Analysis11 VIIRecent Developments14 IXConclusion15 XBibliography17 LIST OF TABLES AND GRAPHS TYPETITLEPAGE Graph 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 actually difficult for both depart industry and global rightfulness markets. In light of these developments, we feature a hotel business with a strong capital social organisation and cash scat would be in an brilliant daub to wait out the economic downturn and be in a present to take advantage of weaker rivals and any economic recovery. In ground of fundamental analysis we are flavor for a verify gearing ratio, sustainable liquidity... If you fate to agitate a adequate essay, order it on our website: Ordercustompaper.com

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