A financial analysis on NH-hotels

EXECUTIVE SUMMARY This report is a monetary abridgment of the NH Hoteles hotel club from the awaydoor stage of financial analysts wishing to bargain for 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 lay industry has bottomed out since the fearful years of 2001 and 2002 and is improve. ·NH Hoteles financial rations do not show gravid improvement all over the past two years, but imply a comforting 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 aforementioned(prenominal) trade sector, combined with the trends in market improvement allude NH Hoteles relative financial health cultivate it a substantial candida te for acquisition, but the stock scathe will stretch out to under-perform its rivals. · Further analysis will be necessary to line the possible acquisition price and the social intercourse to the menstruation 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 chart IIROCE12 Graph IIIProfitab ility 13 Graph IVP/E Ratios14 Graph V2003 St! ock Prices14 I.INTRODUCTION The years 2001 and 2002 were actually difficult for both travel industry and global comeliness markets. In light of these developments, we accept a hotel business with a strong capital social organisation and cash issue would be in an excellent daub to wait out the economic downturn and be in a arrange to take advantage of weaker rivals and any economic recovery. In wrong of fundamental analysis we are flavor for a operate gearing ratio, sustainable liquidity... If you want to agitate a liberal essay, order it on our website: OrderCustomPaper.com

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