(PK) Park Hotels & Resorts - NYSE
Sector: Real Estate | Industry: REIT - Hotel & Motel | Exchange: NYSE (USA) | Market Cap: 2.978m USD | Total Return: 55.7% in 12m
Avg Turnover: 69.0M
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'' -0.76 < 1.0 - financial distress zone
Tailwinds
Supp Ema8, Confidence
Park Hotels & Resorts Inc. (NYSE: PK) is one of the largest publicly traded lodging real estate investment trusts (REITs), operating a portfolio of 34 premium-branded hotels and resorts with approximately 23,000 rooms concentrated in prime urban and resort markets. As a REIT, Park is structured to own and lease hospitality real estate rather than operate hotels directly, distributing the majority of its taxable income to shareholders. The company was incorporated in 1946 in Delaware, is headquartered in Tyson, Virginia, and has traded on the NYSE since its 2017 IPO.
- Hawaii and resort destination RevPAR growth drives consolidated revenue
- Asset disposition program accelerates capital recycling and debt reduction
- Federal Reserve rate cuts ease refinancing pressure on hotel REIT debt
- Group convention demand recovery lifts urban market occupancy and ADR
| 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 (4.06b) to EBITDA (396.0m): 10.26 < 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 28.07%; Δ -30.95% > 0.5%) |
| Asset Turnover: 30.59% > 50% (prev 29.10%; Δ 1.50% > 0%) |
| Interest Coverage Ratio: 0.26 > 6 (EBIT TTM 65.0m / 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: 0.67 (Book Value of Equity 3.09b / Total Liabilities 4.62b) |
| Altman-Z'' = -0.76 = CCC |
| 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 = -2.99 (Cap -4..+1) = A |
As of June 23, 2026, the stock is trading at USD 14.57 with a total of 4,098,524 shares traded. Over the past week, the price has changed by +0.48%, over one month by +26.59%, over three months by +42.94% and over the past year by +55.74%.
Current recommended Stop Loss: 14.00 (which is 3.9% or 1.3 ATR below the current price).
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 | 13.7 | -6.2% |
P/E Forward = 45.2489
P/S = 1.1734
P/B = 0.9455
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 = 4.06b USD (calculated: Debt 4.25b - CCE 190.0m)
Enterprise Value = 7.04b USD (2.98b + Debt 4.25b - CCE 190.0m)
Interest Coverage Ratio = 0.26 (Ebit TTM 65.0m / Interest Expense TTM 250.0m)
EV/FCF = 102.0x (Enterprise Value 7.04b / FCF TTM 69.0m)
FCF Yield = 0.98% (FCF TTM 69.0m / Enterprise Value 7.04b)
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 = 0.92 (Enterprise Value 7.04b / 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 = 10.26 (Net Debt 4.06b / EBITDA 396.0m)
Debt / FCF = 58.88 (Net Debt 4.06b / 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 = -6.59% (Net Income TTM -215.0m / Total Stockholder Equity 3.26b)
RoCE = 0.92% (EBIT 65.0m / Capital Employed (Equity 3.26b + L.T.Debt 3.84b))
RoIC = 0.80% (NOPAT 60.0m / Invested Capital 7.53b)
WACC = 7.41% (E(2.98b)/V(7.23b) * Re(10.24%) + D(4.25b)/V(7.23b) * Rd(5.88%) * (1-Tc(0.08)))
Discount Rate = 10.24% (= 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 4.06b = -2.73b; 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=0.21 | Chg30d=+6.00% | Revisions=N/A | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.03 | Chg30d=N/A | Revisions=N/A | Analysts=3
EPS current Year (2026-12-31): EPS=0.46 | Chg30d=+39.39% | Revisions=N/A | GrowthEPS=+497.9% | GrowthRev=-0.8%
EPS next Year (2027-12-31): EPS=0.51 | Chg30d=+0.99% | Revisions=+20% | GrowthEPS=+10.9% | GrowthRev=+3.5%
[Analyst] Revisions Ratio: +20%