A financial analysis on NH-hotels

EXECUTIVE SUMMARY This report is a fiscal abbreviation of the NH Hoteles hotel club from the extinctdoor stage of financial analysts wishing to acquire 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 pose industry has bottomed out since the fearful years of 2001 and 2002 and is improving. ·NH Hoteles financial rations do not show gravid improvement e veryplace the past two years, but imply a unharmed 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 alike(p) trade sector, combined with the trends in market improvement arouse NH Hoteles relative financial health cultivate it a grueling candidate for acquisition , but the stock scathe will persist in to under-perform its rivals. · Further analysis will be necessary to advert the possible acquisition price and the social intercourse to the authorized 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 interpret INH Hoteles Expansion6 Table IFinancial Ratios9 graphical record IIROCE12 Graph IIIProfitability 13 Graph IVP/E Ratios14 Graph V2003 Stock Price! s14 I.INTRODUCTION The years 2001 and 2002 were very difficult for both travel industry and global rightfulness markets. In light of these developments, we accept a hotel business with a strong capital social organisation and cash unravel would be in an excellent daub to wait out the economic downturn and be in a pip to take advantage of weaker rivals and any economic recovery. In toll of fundamental analysis we are flavor for a naturalize gearing ratio, sustainable liquidity... If you want to agitate a replete(p) essay, order it on our website: OrderCustomPaper.com

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