InterContinental Hotels Group (IHG)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

7,820.00p
   
  • Change Today:
    -34.00p
  • 52 Week High: 8,752.00p
  • 52 Week Low: 5,210.00p
  • Currency: UK Pounds
  • Shares Issued: 162.61m
  • Volume: 295,005
  • Market Cap: £12,716m
  • RiskGrade: 171

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 1.7% 2.3% 1.4% 0.0% 0.5%
           
Continuing Operations          
PE Ratio - Adjusted 23.9 21.3 41.3 190.1 21.8
PE Ratio - Diluted 20.4
23.5		 29.2
20.7		 41.9
41.5		 n/a
n/a		 31.6
21.9
PEG - Adjusted 0.7 0.2 0.1 n/a 7.3
PEG - Diluted 0.2
0.7		 0.7
0.2		 n/a
n/a		 n/a
n/a		 2.1
5.5
Return on Capital Employed 165.68%
148.99%		 376.33%
485.21%		 0.69%
0.74%		 n/a
n/a		 532.26%
669.35%
Operating Margin 22.30%
19.98%		 17.86%
19.89%		 17.48%
18.54%		 (5.26%)
(2.55%)		 14.26%
17.94%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 23.9 21.3 4,087.3 190.1 21.8
PE Ratio - Diluted 20.4
23.5		 29.2
21.1		 4,155.2
4,109.8		 n/a
n/a		 31.6
21.9
PEG - Adjusted 0.7 0.0 n/a n/a 7.3
PEG - Diluted 0.2
0.7		 0.0
0.0		 n/a
n/a		 n/a
n/a		 2.1
5.5

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value n/a n/a n/a n/a n/a
Price/Tangible Book Value n/a n/a n/a n/a n/a
Price/ Cash Flow n/a n/a n/a n/a n/a
Price/Revenue n/a n/a n/a n/a n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (1,801.78p) (1,520.44p) (1,458.47p) (1,726.37p) (1,552.46p)
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 4,624.00 3,892.00 29.34 2,394.00 4,627.00
EBITDA 1,098.00
991.00		 763.00
842.00		 6.12
6.43		 (16.00)
49.00		 660.00
830.00
Depreciation (67.00)
(67.00)		 (68.00)
(68.00)		 (0.99)
(0.99)		 (110.00)
(110.00)		 n/a
n/a
Net Interest (52.00)
(52.00)		 (96.00)
(96.00)		 (1.40)
(1.40)		 (140.00)
(126.00)		 (115.00)
(115.00)
Profit Before Tax 1,010.00
903.00		 540.00
724.00		 3.64
3.96		 (280.00)
(201.00)		 545.00
715.00
           
Revenue per Share 2,736.09p 2,150.28p 16.04p 1,315.38p 2,528.41p
Pre-Tax Profit per Share 597.63p
534.32p		 298.34p
400.00p		 1.99p
2.16p		 (153.85p)
(110.44p)		 297.81p
390.71p
Market Capitalisation £ (Millions) 12,194.80 8,325.72 8,763.57 8,566.58 10,259.76
Enterprise Value (EV) £ (Millions) 15,739.80 11,112.72 11,990.57 12,734.58 13,035.76
EBITDA/EV 6.98%
6.30%		 6.87%
7.58%		 0.05%
0.05%		 (0.13%)
0.38%		 5.06%
6.37%
Operating Margin 22.30%
19.98%		 17.86%
19.89%		 17.48%
18.54%		 (5.26%)
(2.55%)		 14.26%
17.94%
Capital Employed £ (Millions) 641.00 169.00 729.00 1,214.00 124.00
Return on Capital Employed 165.68%
148.99%		 376.33%
485.21%		 0.69%
0.74%		 n/a
n/a		 532.26%
669.35%
Invested Equity Capital £ (Millions) (1,856.00) (1,494.00) (1,347.00) (1,718.00) (1,333.00)
           
Earnings per Share - Basic 443.80¢
384.62¢		 207.20¢
292.26¢		 145.40¢
147.00¢		 (142.90¢)
(128.02¢)		 210.40¢
303.28¢
Earnings per Share - Diluted 441.20¢
382.35¢		 206.00¢
290.66¢		 144.60¢
146.20¢		 (142.90¢)
(128.02¢)		 209.20¢
301.63¢
Earnings per Share - Adjusted 375.70¢ 282.30¢ 147.00¢ 31.30¢ 303.30¢
Earnings per Share Growth - Basic 114%
32%		 42%
99%		 n/a
n/a		 n/a
n/a		 14%
4%
Earnings per Share Growth - Diluted 114%
32%		 42%
99%		 n/a
n/a		 n/a
n/a		 15%
4%
Earnings per Share Growth - Adjusted 33% 92% 370% -90% 3%
PE Ratio - Diluted 20.4
23.5		 29.2
20.7		 41.9
41.5		 n/a
n/a		 31.6
21.9
PEG - Diluted 0.2
0.7		 0.7
0.2		 n/a
n/a		 n/a
n/a		 2.1
5.5
Tax Rate 26.56% 27.38% 26.02% 7.52% 29.17%
Dividend Cover 2.47
2.53		 2.04
2.11		 1.71
1.71		 n/a
n/a		 9.48
9.48
Interest Cover 12.10
10.92		 5.58
7.14		 3.46
3.67		 (0.94)
(0.55)		 5.50
6.91
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 443.80¢
384.62¢		 207.20¢
286.74¢		 1.47¢
1.48¢		 (142.90¢)
(128.02¢)		 210.40¢
303.28¢
Earnings per Share - Diluted 441.20¢
382.35¢		 206.00¢
285.17¢		 1.46¢
1.48¢		 (142.90¢)
(128.02¢)		 209.20¢
301.63¢
Earnings per Share - Adjusted 375.70¢ 282.30¢ 1.48¢ 31.30¢ 303.30¢
Earnings per Share Growth - Basic 114%
34%		 14,018%
19,225%		 n/a
n/a		 n/a
n/a		 14%
4%
Earnings per Share Growth - Diluted 114%
34%		 14,014%
19,224%		 n/a
n/a		 n/a
n/a		 15%
4%
Earnings per Share Growth - Adjusted 33% 18,925% -95% -90% 3%
PE Ratio - Diluted 20.4
23.5		 29.2
21.1		 4,155.2
4,109.8		 n/a
n/a		 31.6
21.9
PEG - Diluted 0.2
0.7		 0.0
0.0		 n/a
n/a		 n/a
n/a		 2.1
5.5
Dividend Cover 2.47
2.53		 2.04
2.07		 0.02
0.02		 n/a
n/a		 9.48
9.48
Return on Equity (ROE) (40.41%)
(35.02%)		 (25.10%)
(34.74%)		 (0.20%)
(0.20%)		 15.13%
13.56%		 (28.88%)
(41.64%)
Operating Cash Flow per Share 528.40p 356.91p 347.54p 75.28p 356.83p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 200.59p (217.13p) (1.30p) 785.71p (273.22p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 152.30¢ 138.40¢ 85.90¢ n/a 32.00¢
Dividend per Share Growth 10.04% 61.12% n/a n/a (72.03%)
Dividend Yield 1.7% 2.3% 1.4% 0.0% 0.5%
Shareholders Funds (1,950.00) (1,615.00) (1,481.00) (1,857.00) (1,473.00)
Net Borrowings £ (Millions) 2,270.00 1,847.00 1,814.00 2,542.00 2,630.00
Net Asset Value per Share (inc. Intangibles) (1,804.14p) (1,524.31p) (1,462.30p) (1,730.77p) (1,556.83p)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles (1,950.00) (1,615.00) (1,481.00) (1,857.00) (1,473.00)
Net Borrowings £ (Millions) 2,270.00 1,847.00 1,814.00 2,542.00 2,630.00
Net Gearing n/a n/a n/a n/a n/a
Cash & Near Cash 1,322.00 976.00 1,450.00 1,675.00 195.00
Cash (67.79%) (60.43%) (97.91%) (90.20%) (13.24%)
Gross Borrowings 3,592.00 2,823.00 3,264.00 4,217.00 2,825.00
Gross Gearing 184.21% 174.80% 220.39% 227.09% 191.79%
Borrowings Under 5 years 3,592.00 2,823.00 3,264.00 4,217.00 2,825.00
Under 5 years (184.21%) (174.80%) (220.39%) (227.09%) (191.79%)
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles (3,049.00) (2,759.00) (2,676.00) (3,150.00) (2,849.00)
Net Borrowings £ (Millions) 2,270.00 1,847.00 1,814.00 2,542.00 2,630.00
Net Gearing (74.45%) (66.94%) (67.79%) (80.70%) (92.31%)
Cash & Near Cash 1,322.00 976.00 1,450.00 1,675.00 195.00
Cash (43.36%) (35.38%) (54.19%) (53.17%) (6.84%)
Gross Borrowings 3,592.00 2,823.00 3,264.00 4,217.00 2,825.00
Gross Gearing 117.81% 102.32% 121.97% 133.87% 99.16%
Borrowings Under 5 years 3,592.00 2,823.00 3,264.00 4,217.00 2,825.00
Under 5 years (117.81%) (102.32%) (121.97%) (133.87%) (99.16%)
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio 0.97 1.08 1.27 1.20 0.67
Current Ratio 0.97 1.09 1.27 1.20 0.67

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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