Bankinter S.A. - NH Hotel Group SA (NHH) NH Hotel Group: Updating our view after 2018 results (Bankinter Securities)

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Bankinter S.A.

Javier Hombria

EUR 20.00 For Business Accounts Only

NH Hotel Group: Updating our view after 2018 results (Bankinter Securities)

We increase our target price from €6.36/share to €6.85/share on the back of higher EBITDA (+4% from our previous estimate) and cash flow from better working capital management. Our target price provides and upside potential of 32%.

06/03/2019 12 EN

Underlying

NH Hotel Group SA

NH Hotel is engaged in the operation and management of hotels throughout Spain, the Benelux countries, Germany, and South America.

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ES0161560018 Madrid Stock Exchange Spain

Provider

Bankinter S.A.

Bankinter S.A. is a Spanish brokerage firm established in 1989. The company's line of business includes the provision of market research and trading services for Equity and Fixed Income products.

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Analysts

Javier Hombria

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NH Hotel Group: Updating our view after 2018 results (Bankinter Securities)

ODDO BHF Small & MIDCAP MORNING NEWS - 03/20/2024

ODDO BHF Small & MIDCAP MORNING NEWS - 20/03/2024

ODDO : European hotels: Spain stands out again

Reig Jofre: EBITDA maintains its growth in 1H20 (+40%) driven by sales (+25%) and cost efficiencies

Reig Jofre: EBITDA increased +43% in 1Q20 fuelled by sales (+26%) and a higher EBITDA margin

Reig Jofre: EBITDA (adj.) +17% in 2019 and guidance is 2x in a five-year plan

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