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Marriott Vacations Worldwide (Marriott Vacations Worldwide) Intrinsic Value: Projected FCF

: $101.37 (As of Today)
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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-16), Marriott Vacations Worldwide's Intrinsic Value: Projected FCF is $101.37. The stock price of Marriott Vacations Worldwide is $97.81. Therefore, Marriott Vacations Worldwide's Price-to-Intrinsic-Value-Projected-FCF of today is 1.0.

The historical rank and industry rank for Marriott Vacations Worldwide's Intrinsic Value: Projected FCF or its related term are showing as below:

VAC' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.66   Med: 1.2   Max: 1.91
Current: 0.96

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Marriott Vacations Worldwide was 1.91. The lowest was 0.66. And the median was 1.20.

VAC's Price-to-Projected-FCF is ranked better than
58.19% of 562 companies
in the Travel & Leisure industry
Industry Median: 1.21 vs VAC: 0.96

Marriott Vacations Worldwide Intrinsic Value: Projected FCF Historical Data

The historical data trend for Marriott Vacations Worldwide's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Marriott Vacations Worldwide Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 83.07 85.69 88.53 100.05 101.37

Marriott Vacations Worldwide Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 100.05 93.81 95.42 99.87 101.37

Competitive Comparison

For the Resorts & Casinos subindustry, Marriott Vacations Worldwide's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Marriott Vacations Worldwide Price-to-Projected-FCF Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Marriott Vacations Worldwide's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Marriott Vacations Worldwide's Price-to-Projected-FCF falls into.



Marriott Vacations Worldwide Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Marriott Vacations Worldwide's Free Cash Flow(6 year avg) = $253.44.

Marriott Vacations Worldwide's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*253.44+2382*0.8)/42.600
=101.37

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Marriott Vacations Worldwide  (NYSE:VAC) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Marriott Vacations Worldwide's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=97.81/101.37178188923
=0.96

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Marriott Vacations Worldwide Intrinsic Value: Projected FCF Related Terms

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Marriott Vacations Worldwide (Marriott Vacations Worldwide) Business Description

Traded in Other Exchanges
Address
9002 San Marco Court, Orlando, FL, USA, 32819
Marriott Vacations Worldwide Corp functions in the United States leisure industry. It owns and manages a cluster of resorts and accommodation facilities under trademarks like Marriott Vacation Club, Grand Residencies, and The Ritz-Carlton Destination Club predominantly in the United States. Some of its properties are also spread across Europe and Asia Pacific. Marriott's major revenue components include the sale of vacation ownership products such as luxurious vacation packages. In addition, it offers purchase money financing to the end users of its core services. The company operates in two reportable segments: Vacation Ownership and Exchange & Third-Party Management. The majority of revenue is derived from the Vacation Ownership segment.
Executives
Jason P Marino officer: EVP, Chief Financial Officer 9002 SAN MARCO COURT, ORLANDO FL 32819
Anthony E Terry officer: EVP, CFO 9002 SAN MARCO COURT, ORLANDO FL 32819
Geller John E Jr officer: Exec. VP and CFO 6649 WESTWOOD BLVD., ORLANDO FL 32821
Raman Bukkapatnam officer: EVP & CIO 9002 SAN MARCO COURT, ORLANDO FL 32819
Dwight D. Smith officer: Sr. VP & CIO 6649 WESTWOOD BLVD., ORLANDO FL 32821
Stephanie Sobeck Butera officer: EVP & COO of HVO 9002 SAN MARCO CT, ORLANDO FL 32819
Michael E. Yonker officer: Sr. VP & Chief HR Officer 6649 WESTWOOD BLVD., ORLANDO FL 32821
Lizabeth Kane-hanan officer: Exec. VP & Chief Growth & Inv. 6649 WESTWOOD BLVD., ORLANDO FL 32821
Kathleen A. Pighini officer: SVP and CAO 9002 SAN MARCO COURT, ORLANDO FL 32819
Jonice Gray Tucker director 9002 SAN MARCO COURT, ORLANDO FL 32819
R. Lee Cunningham officer: Exec VP & COO-N.Am & Carribean 6649 WESTWOOD BLVD., ORLANDO FL 32821
Melquiades R. Martinez director 450 SOUTH ORANGE AVENUE, SUITE 250, ORLANDO FL 32801-3443
Hunter James H. Iv officer: Exec. VP & General Counsel 6649 WESTWOOD BLVD., ORLANDO FL 32821
Brian E. Miller officer: ExecVP-Sales,Marketing&ServOp 6649 WESTWOOD BLVD., ORLANDO FL 32821
Stephen P Weisz director, officer: President & CEO 6649 WESTWOOD BLVD., ORLANDO FL 32821