A financial analysis on NH-hotels

EXECUTIVE SUMMARY This report is a fiscal analysis of the NH Hoteles hotel club from the discoverdoor stage of financial analysts wishing to procure 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 shoes industry has bottomed out since the fearful years of 2001 and 2002 and is up(a). ·NH Hoteles financial rations do not show gravid improvement e trulyplace the past two years, but imply a red-blooded 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 very(prenominal) trade sector, combined with the trends in market improvement raise NH Hoteles relative financial health cultivate it a vigorous candidate for acquis ition, but the stock scathe will handle to under-perform its rivals. · Further analysis will be necessary to place the possible acquisition price and the social intercourse to the occurrent 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 interpret INH Hoteles Expansion6 Table IFinancial Ratios9 chart IIROCE12 Graph IIIProfitability 13 Graph IVP/E Ratios14 Graph V2003 Stock Prices14 I.INTR! ODUCTION The years 2001 and 2002 were very difficult for both travel industry and global truth markets. In light of these developments, we accept a hotel business with a strong capital social organisation and cash go down would be in an excellent daub to wait out the economic downturn and be in a position to take advantage of weaker rivals and any economic recovery. In price of fundamental analysis we are flavor for a gibe gearing ratio, sustainable liquidity... If you want to agitate a blanket(a) essay, order it on our website: OrderCustomPaper.com

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