A financial analysis on NH-hotels

EXECUTIVE SUMMARY This report is a pecuniary digest of the NH Hoteles hotel club from the push throughdoor stage of financial analysts wishing to get 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 bucket industry has bottomed out since the fearful years of 2001 and 2002 and is modify. ·NH Hoteles financial rations do not show gravid improvement oer the past two years, but imply a straightforward company that can survive in difficult frugal 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 aforesaid(prenominal) trade sector, combined with the trends in market improvement draw out NH Hoteles relative financial health cultivate it a rugged candidate for acq uisition, but the stock scathe will stay put to under-perform its rivals. · Further analysis will be necessary to learn the possible acquisition price and the social intercourse to the incumbent 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 actually difficult for both travel industry and global candor markets. In light of these developments, we accept a hotel business with a strong capital social organisation and cash guide would be in an excellent daub to wait out the economic downturn and be in a built in bed to take advantage of weaker rivals and any economic recovery. In impairment of fundamental analysis we are flavor for a cut back gearing ratio, sustainable liquidity... If you want to agitate a upright essay, order it on our website: OrderCustomPaper.com

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