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DCF valuation

What is Hyatt Hotels Corp worth?

With the base-case assumptions below, a discounted cash flow model on Hyatt Hotels Corp's reported free cash flow gives $13.37 per share. The share price was $191.55 on November 10, 2026, 1,332% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$159M
Average free cash flow, last 5 years
$380.2M
Cash
$454M
balance sheet of September 30, 2026
Debt
$4.43B
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
95,504,061
Revenue growth per year, last 5 years
28.0%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%-$8.21-104%
Base15.0%9.0%2.5%9.0%$13.37-93%
Bull20.0%11.5%3.0%8.0%$53.56-72%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$29.72$34.81$41.04$48.82$58.83
8.0%$17.44$20.74$24.65$29.34$35.06
9.0%$8.51$10.77$13.37$16.42$20.01
10.0%$1.73$3.34$5.16$7.24$9.64
11.0%-$3.56-$2.39-$1.07$0.41$2.09

Where the presets come from

Base: years 1 to 5 grow at Hyatt Hotels Corp's revenue growth rate over the last 5 fiscal years (28.0% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Hyatt Hotels Corp company page