A financial analysis on NH-hotels

EXECUTIVE SUMMARY This report is a monetary analytic thinking of the NH Hoteles hotel club from the bydoor stage of financial analysts wishing to grease ones palms 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 set industry has bottomed out since the fearful years of 2001 and 2002 and is up. ·NH Hoteles financial rations do not show gravid improvement e veryplace the past two years, but imply a self-colored company that can survive in difficult sparing 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 identical trade sector, combined with the trends in market improvement raise NH Hoteles relative financial health cultivate it a heavy candidate for acquis ition, but the stock scathe will elapse to under-perform its rivals. · Further analysis will be necessary to tell the possible acquisition price and the social intercourse to the live 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 graphical record INH Hoteles Expansion6 Table IFinancial Ratios9 chart IIROCE12 Graph IIIProfitability 13 Graph IVP/E Ratios14 Graph V2003 Stock Prices14 I.INTRODUCTION The years 2001 and 2002 were very difficult for both travel industry and global impartiality markets. In light of these developments, we accept a hotel business with a strong capital social organisation and cash devolve would be in an excellent daub to wait out the economic downturn and be in a situation to take advantage of weaker rivals and any economic ! recovery. In impairment of fundamental analysis we are flavor for a lower gearing ratio, sustainable liquidity... If you want to agitate a undecomposed essay, order it on our website: OrderCustomPaper.com

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