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Travel+Leisure Co (Travel+Leisure Co) Intrinsic Value: Projected FCF : $31.09 (As of Apr. 28, 2024)


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What is Travel+Leisure Co Intrinsic Value: Projected FCF?

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 (2024-04-28), Travel+Leisure Co's Intrinsic Value: Projected FCF is $31.09. The stock price of Travel+Leisure Co is $45.81. Therefore, Travel+Leisure Co's Price-to-Intrinsic-Value-Projected-FCF of today is 1.5.

The historical rank and industry rank for Travel+Leisure Co's Intrinsic Value: Projected FCF or its related term are showing as below:

TNL' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.29   Med: 0.66   Max: 1.57
Current: 1.47

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Travel+Leisure Co was 1.57. The lowest was 0.29. And the median was 0.66.

TNL's Price-to-Projected-FCF is ranked worse than
57.55% of 563 companies
in the Travel & Leisure industry
Industry Median: 1.2 vs TNL: 1.47

Travel+Leisure Co Intrinsic Value: Projected FCF Historical Data

The historical data trend for Travel+Leisure Co'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.

Travel+Leisure Co Intrinsic Value: Projected FCF Chart

Travel+Leisure Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 61.02 48.08 47.33 42.09 35.66

Travel+Leisure Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Intrinsic Value: Projected FCF Get a 7-Day Free Trial 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 38.12 36.56 30.83 35.66 31.09

Competitive Comparison of Travel+Leisure Co's Intrinsic Value: Projected FCF

For the Travel Services subindustry, Travel+Leisure Co'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.


Travel+Leisure Co's Price-to-Projected-FCF Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Travel+Leisure Co's Price-to-Projected-FCF falls into.



Travel+Leisure Co 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 Travel+Leisure Co's Free Cash Flow(6 year avg) = $351.84.

Travel+Leisure Co'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 (Mar24)/0.8)/Shares Outstanding (Diluted Average)
=(9.6517283697394*351.84+-926/0.8)/72.000
=31.09

* 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.


Travel+Leisure Co  (NYSE:TNL) 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.

Travel+Leisure Co's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=45.81/31.088390411237
=1.47

* 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.


Travel+Leisure Co Intrinsic Value: Projected FCF Related Terms

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Travel+Leisure Co (Travel+Leisure Co) Business Description

Traded in Other Exchanges
Address
6277 Sea Harbor Drive, Orlando, FL, USA, 32821
Travel+Leisure Co is a membership and leisure travel company. It provides hospitality services and travel products. The company operates in the segments of Vacation Ownership, which is the key revenue-driving segment, develops, markets and sells vacation ownership interests (VOIs) to individual consumers, provides consumer financing in connection with the sale of VOIs, and provides property management services at resorts and Travel and Membership which operates a variety of travel businesses, including three vacation exchange brands, a home exchange network, travel technology platforms, travel memberships, and direct-to-consumer rentals. Majority of the revenue is earned from United States.
Executives
Olivier Chavy officer: See remarks C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
George Herrera director HERRERA-CRISTINA GROUP, LTD., 4222 FORTUNA CENTER PLAZA, #621, MONTCLAIR VA 22025
Michael Dean Brown director, officer: See Remarks C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Amandine Robin-caplan officer: See remarks C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
Thomas Michael Duncan officer: SVP, Chief Accounting Officer C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
James J Savina officer: See Remarks ONE PPG PLACE, PITTSBURGH PA 15222
Geoffrey Richards officer: See Remarks C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Sy Esfahani officer: Chief Technology Officer C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
Lucinda Martinez director C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
Stephen P Holmes director C/O CENDANT, 9 WEST 57TH, NEW YORK NY 10019
Denny Marie Post director C/O BURGER KING HOLDINGS, INC., 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Noah Brodsky officer: Chief Brand Officer C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Kimberly Marshall officer: Chief Human Resources Officer C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Brad Dettmer officer: Chief Information Officer C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Michael H Wargotz director AXCESS WORLDWIDE, 515 MADISON AVE., 15TH FLOOR, NEW YORK NY 10022