InterContinental Hotels Group PLC (ICHGF) stock analysis
Close on Oct 19, 2026Market cap $26.02BP/E 32.5Yield 1.09%
StockData Score
Prices as of Nov 3, 2026How the score works
Mixed9 of 30 checks passed
InterContinental Hotels passes 9 of the 30 checks behind our score; 19 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 4/6
- Past performance
- 3/6
- Financial health
- 2/6
- Dividend
- 0/6
What stands out
Return on capital over 10%
Return on invested capital was 594%, above the 10% that usually covers the cost of capital.
Revenue growing 10%+ a year
Revenue grew 10.1% a year over the last three fiscal years.
EPS growing 10%+ a year
Diluted EPS grew 33.2% a year over the last three fiscal years.
Interest well covered
Operating income covers interest expense 5.9 times.
What to watch
Short-term assets don't cover short-term debts
Current assets are 0.98 times current liabilities.
No dividend
InterContinental Hotels has not paid a dividend in the last twelve months.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B against the industry
Needs positive book value.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth4/6
Revenue growing 10%+ a year
Revenue grew 10.1% a year over the last three fiscal years.
EPS growing 10%+ a year
Diluted EPS grew 33.2% a year over the last three fiscal years.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 5.4% over the last twelve months; the Hotels and Motels median is 4.7%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin improving
Gross margin was 85.3% over the last twelve months, against 84.9% a year earlier.
Past performance3/6
Return on equity
Needs positive equity and five years of results.
Return on capital over 10%
Return on invested capital was 594%, above the 10% that usually covers the cost of capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin above its 5-year average
Net margin was 14.6% over the last twelve months, against a 5-year average of 12.5%.
Net margin above the industry
InterContinental Hotels's net margin of 14.6% is above the Hotels and Motels median of 6.1%.
Financial health2/6
Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 21.4% of total debt.
Interest well covered
Operating income covers interest expense 5.9 times.
Short-term assets don't cover short-term debts
Current assets are 0.98 times current liabilities.
Bankruptcy risk (Altman Z)
Needs market value, working capital and retained earnings.
Dividend0/6
No dividend
InterContinental Hotels has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for InterContinental Hotels. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $36.81M
- Value traded per 1% price move
- $30.88M
Downside
Low risk
- Typical loss in a bad month
- 10.0%
- Volatility (annualized)
- 25%
- Sharpe ratio, 1 year
- 1.39
- Beta to the S&P 500 (5Y)
- 0.89
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.4% | +10.1% | +16.7% | +11.1% | |
| Gross profit | +5.9% | +10.9% | +16.7% | +14.3% | |
| Operating income | +15.1% | +24.0% | – | -2.2% | |
| Net income | +20.7% | +26.4% | – | -4.7% | |
| EPS, diluted | +26.3% | +33.2% | – | -37.2% | |
| Free cash flow | +25.2% | +13.7% | +51.0% | +4.0% | |
| Dividend per share | +10.1% | +10.1% | – | +8.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 15.6% | -30.0% | |
| Return on assets | – | -5.6% | 15.0% | |
| Current ratio | 0.69 | 1.20 | 0.98 | |
| Debt to equity | -1.48 | -2.03 | -1.53 | |
| Net debt to EBITDA | 1.91× | -48.65× | 2.43× | |
| Interest coverage | 8.3× | -1.1× | 5.9× | |
| Inventory turnover | – | 64.4× | 169.8× | |
| Capex to revenue | 0.8% | 1.1% | 0.5% | |
| Diluted shares | 214M | 182M | 156M |
Where the cash went
Fiscal 2021 to 2025, five years combined
InterContinental Hotels generated $3.80B from operations and spent $4.14B on capital expenditure, dividends and share buybacks. 4% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 14.6% | 1.03× | -2.00× | -30.0% |
| FY2024 | 12.8% | 1.03× | -2.24× | -29.5% |
| FY2023 | 16.2% | 1.02× | -2.53× | -42.1% |
| FY2022 | 9.6% | 0.87× | -2.89× | -24.2% |
| FY2021 | 9.2% | 0.60× | -2.92× | -15.9% |
| FY2020 | -10.9% | 0.52× | -2.77× | 15.6% |
| FY2019 | 8.3% | 1.09× | -3.25× | -29.5% |
| FY2018 | 8.0% | 1.14× | -3.04× | -27.9% |
| FY2017 | 13.1% | 1.34× | -2.42× | -42.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$758.00M
- Cash generatingOperating cash flow above zero$898.00M
- Return on assets improvedROA up on the prior year13.0% → 16.0%
- Earnings backed by cashOperating cash flow above net income$898.00M vs $758.00M
- Less leverageLong-term debt to assets fell60.6% → 69.7%
- Better liquidityCurrent ratio rose0.97 → 0.98
- No dilutionShare count did not rise163M → 156M
- Gross margin improvedGross margin up on the prior year84.87% → 85.28%
- More efficientAsset turnover rose1.02 → 1.09
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