(PK) Park Hotels & Resorts - Overview
Sector: Real Estate | Industry: REIT - Hotel & Motel | Exchange: NYSE (USA) | Market Cap: 2.307m USD | Total Return: 24.2% in 12m
Avg Turnover: 44.7M
Qual. Beats: 1
Rev. Trend: -97.3%
Qual. Beats: 1
Warnings
High Debt/EBITDA (10.3) with thin interest coverage (0.3)
Interest Coverage Ratio 0.3 is critical
Altman Z'' -1.67 < 1.0 - financial distress zone
Choppy
Tailwinds
No distinct edge detected
Park Hotels & Resorts Inc. (PK) is a prominent lodging real estate investment trust (REIT) managing a portfolio of 34 premium-branded hotels and resorts. The company’s assets comprise approximately 23,000 rooms situated in high-traffic city centers and luxury resort destinations. Originally incorporated in 1946, the entity focuses on properties with high underlying real estate value and significant barriers to entry.
Operating as a REIT, the company is structurally required to distribute at least 90% of its taxable income to shareholders in the form of dividends. This business model allows investors to gain exposure to large-scale hospitality assets without the complexities of direct property management. The lodging sector remains highly sensitive to RevPAR (Revenue Per Available Room) fluctuations driven by business travel cycles and consumer discretionary spending.
Investors can further examine these sector-specific financial metrics and historical performance data on ValueRay. The portfolios concentration in trophy assets provides a competitive advantage in major urban markets where new development is often restricted by zoning or high land costs.
- Group travel and business transient demand recovery in key urban markets
- High interest rates increase debt service costs for capital-intensive REIT operations
- Dividend payout sustainability and share buyback programs influence investor sentiment
- Asset sales and portfolio optimization strategies drive net asset value growth
- Consumer discretionary spending shifts impact luxury resort occupancy and ADR levels
| Net Income: -215.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -1.22 > 1.0 |
| NWC/Revenue: -51.36% < 20% (prev 30.89%; Δ -82.25% < -1%) |
| CFO/TA 0.05 > 3% & CFO 371.0m > Net Income -215.0m |
| Net Debt (4.10b) to EBITDA (396.0m): 10.35 < 3 |
| Current Ratio: 0.19 > 1.5 & < 3 |
| Outstanding Shares: last quarter (200.0m) vs 12m ago 0.0% < -2% |
| Gross Margin: -2.88% > 18% (prev 0.28%; Δ -316.3% > 0.5%) |
| Asset Turnover: 30.59% > 50% (prev 29.10%; Δ 1.50% > 0%) |
| Interest Coverage Ratio: 0.26 > 6 (EBITDA TTM 396.0m / Interest Expense TTM 250.0m) |
| A: -0.17 (Total Current Assets 298.0m - Total Current Liabilities 1.60b) / Total Assets 7.66b |
| B: -0.12 (Retained Earnings -937.0m / Total Assets 7.66b) |
| C: 0.01 (EBIT TTM 65.0m / Avg Total Assets 8.28b) |
| D: -0.20 (Book Value of Equity -935.0m / Total Liabilities 4.62b) |
| Altman-Z'' = -1.67 = D |
| DSRI: 0.15 (Receivables 142.0m/961.0m, Revenue 2.53b/2.59b) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 2.28 (AQ_t 0.03 / AQ_t-1 0.01) |
| SGI: 0.98 (Revenue 2.53b / 2.59b) |
| TATA: -0.08 (NI -215.0m - CFO 371.0m) / TA 7.66b) |
| Beneish M = -3.06 (Cap -4..+1) = AA |
As of May 24, 2026, the stock is trading at USD 11.46 with a total of 2,859,881 shares traded.
Over the past week, the price has changed by +6.97%,
over one month by +3.97%,
over three months by +6.21% and
over the past year by +24.24%.
Park Hotels & Resorts has received a consensus analysts rating of 3.44. Therefore, it is recommended to hold PK.
- StrongBuy: 4
- Buy: 0
- Hold: 11
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 12.4 | 8.3% |
P/S = 0.9088
P/B = 0.7473
P/EG = 0.6442
Revenue TTM = 2.53b USD
EBIT TTM = 65.0m USD
EBITDA TTM = 396.0m USD
Long Term Debt = 3.84b USD (from longTermDebt, last quarter)
Short Term Debt = 1.60b USD (from shortTermDebt, last quarter)
Debt = 4.25b USD (from shortLongTermDebtTotal, last quarter) + Leases 208.0m
Net Debt = 4.10b USD (calculated: Debt 4.25b - CCE 156.0m)
Enterprise Value = 6.40b USD (2.31b + Debt 4.25b - CCE 156.0m)
Interest Coverage Ratio = 0.26 (Ebit TTM 65.0m / Interest Expense TTM 250.0m)
EV/FCF = 92.81x (Enterprise Value 6.40b / FCF TTM 69.0m)
FCF Yield = 1.08% (FCF TTM 69.0m / Enterprise Value 6.40b)
FCF Margin = 2.72% (FCF TTM 69.0m / Revenue TTM 2.53b)
Net Margin = -8.49% (Net Income TTM -215.0m / Revenue TTM 2.53b)
Gross Margin = -2.88% ((Revenue TTM 2.53b - Cost of Revenue TTM 2.61b) / Revenue TTM)
Gross Margin QoQ = 7.40% (prev -78.22%)
Tobins Q-Ratio = 0.84 (Enterprise Value 6.40b / Total Assets 7.66b)
Interest Expense / Debt = 5.88% (Interest Expense 250.0m / Debt 4.25b)
Taxrate = 7.69% (1.00m / 13.0m)
NOPAT = 60.0m (EBIT 65.0m * (1 - 7.69%))
Current Ratio = 0.19 (Total Current Assets 298.0m / Total Current Liabilities 1.60b)
Debt / Equity = 1.38 (Debt 4.25b / totalStockholderEquity, last quarter 3.09b)
Debt / EBITDA = 10.35 (Net Debt 4.10b / EBITDA 396.0m)
Debt / FCF = 59.38 (Net Debt 4.10b / FCF TTM 69.0m)
Total Stockholder Equity = 3.26b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.60% (Net Income -215.0m / Total Assets 7.66b)
RoE = -5.12% (Net Income TTM -215.0m / Total Stockholder Equity 4.20b)
RoCE = 0.81% (EBIT 65.0m / Capital Employed (Equity 4.20b + L.T.Debt 3.84b))
RoIC = 0.79% (NOPAT 60.0m / Invested Capital 7.57b)
WACC = 7.17% (E(2.31b)/V(6.56b) * Re(10.39%) + D(4.25b)/V(6.56b) * Rd(5.88%) * (1-Tc(0.08)))
Discount Rate = 10.39% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -75.42 | Cagr: -2.14%
[DCF] Terminal Value 73.10% ; FCFF base≈117.0m ; Y1≈102.6m ; Y5≈82.9m
[DCF] Fair Price = N/A (negative equity: EV 1.33b - Net Debt 4.10b = -2.77b; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.93 | # QB: 1
Revenue Correlation: -97.29 | Revenue CAGR: -2.71% | SUE: 2.02 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.24 | Chg30d=-14.29% | Revisions=-43% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.03 | Chg30d=-61.86% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=0.46 | Chg30d=-14.81% | Revisions=N/A | GrowthEPS=+497.9% | GrowthRev=-0.5%
EPS next Year (2027-12-31): EPS=0.51 | Chg30d=-7.85% | Revisions=+14% | GrowthEPS=+9.8% | GrowthRev=+3.4%
[Analyst] Revisions Ratio: -43%