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Industry: Lodging Company: Starwood Hotels and Resorts PowerPoint Presentation
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Industry: Lodging Company: Starwood Hotels and Resorts

Industry: Lodging Company: Starwood Hotels and Resorts

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Industry: Lodging Company: Starwood Hotels and Resorts

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Presentation Transcript

  1. Industry: Lodging Company: Starwood Hotels and Resorts Module 5: Valuation Using Forecasts of Cash Flows Sarah Weatherburn

  2. Comparable Companies

  3. About Starwood Hotels • 1,200 Properties in 100 countries • Focus on High-end Accommodations • Global Industry Revenue of 592.6 Billion • Starwood’s Revenue for 2012 - 5.6 Billion (about 1% of total market) • The number of international tourist arrivals worldwide is expected to increase by an average 3.3% a year from 2010 to 2030. 

  4. Starwood Multiyear Forecasts Sales Growth Rate - 8% Enterprise Profit Margin - 7% Enterprise Asset Turnover – 1.25

  5. DCF Model – 11.67%

  6. Residual Enterprise Income Model – 11.67%

  7. Questions?