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Park Hotels & Resorts Inc.

PKCIK 0001617406

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Intrinsic Value

PK Intrinsic Valuation

Review the filing-backed discounted cash flow baseline, scenario range, and capital structure context for a fundamentals-first fair value read.

Intrinsic Value

PK Intrinsic Valuation

Review the filing-backed discounted cash flow baseline, scenario range, and capital structure context for a fundamentals-first fair value read.

Intrinsic value

Filing-backed DCF baseline

Automated free-cash-flow DCF baseline for Park Hotels & Resorts Inc., derived from annual filing data.

Read the DCF guide

DCF fair value

-$8.20

Implied equity value -$2B

Current price

$15.28

Latest available quote for the primary listing.

Margin of safety

-153.7%

Base case against the live quote.

Fair value range

-$9.41 – -$6.25

Bear

-$9.41

Base

-$8.20

Bull

-$6.25

Current

$15.28

Model assumptions

Cash flow base

$161M

Basis

Operating cash flow less capex (firm-value proxy)

Growth

0.5%

Discount

10.5%

Terminal

2.5%

Horizon

Assumption sensitivity

vs base per share

Base case-$8.20Baseline

Growth +1 pt-$8.16+$0.04

Intrinsic value

Filing-backed DCF baseline

Automated free-cash-flow DCF baseline for Park Hotels & Resorts Inc., derived from annual filing data.

Read the DCF guide

DCF fair value

-$8.20

Implied equity value -$2B

Current price

$15.28

Latest available quote for the primary listing.

Margin of safety

-153.7%

Base case against the live quote.

Fair value range

-$9.41 – -$6.25

Bear

-$9.41

Base

-$8.20

Bull

-$6.25

Current

$15.28

Model assumptions

Cash flow base

$161M

Basis

Operating cash flow less capex (firm-value proxy)

Growth

0.5%

Discount

10.5%

Terminal

2.5%

Horizon

Assumption sensitivity

vs base per share

Base case-$8.20Baseline

Growth +1 pt-$8.16+$0.04

What the market is pricing in

At $15.28 the market is pricing in roughly 32.9% annual growth under this model.
Growth anchor: Median of 3Y revenue CAGR, 5Y revenue CAGR, and 5Y free cash flow CAGR. Scenario-derived from +/-2 pts growth and +/-1 pt discount.
Net debt reduces equity value relative to firm value before the per-share target is calculated.

Intrinsic EV-to-equity bridge

Enterprise value

Discounted free cash flows

$2B

Less total debt

− $4B

Plus cash and equivalents

+ $232M

Equity value

After the bridge

-$2B

Diluted shares

199,000,000

Fair value / share

-$8.20