Hilton Grand Vacations Inc.
$43.92
+0.00 (+0.00%) · delayed · Nov 13, 2026
Five-year price
52w $33.99 to $55.40
- Market cap
- $4.0B
- Enterprise value
- $8.3B
- P/E
- 49.3×
- 31.8× on 3y avg EPS
- EV / EBIT
- —
- FCF yield
- 5.7%
- ROIC
- —
- Debt / equity
- 3.53
- Piotroski F
- 7/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
50
- –ROIC > 12% (5y avg)5y avg ROIC n/a
- ○ROE > 15% (5y avg)5y avg ROE 9.8%
- –Stable operating marginsMargin volatility n/a (σ, 5y)
- ●Earnings convert to cashFCF / net income 245% (5y avg)
- ●Growing revenueRevenue CAGR 5y 38.2%
- ○Shrinking share countDiluted shares 7.6% over 5y
Value
0
- ○P/E below 15P/E 49.3
- –EV/EBIT below 12EV/EBIT n/a
- ○FCF yield above 6%FCF yield 5.7%
- ○Price below Graham NumberGraham Number $16.80
- ○P/B below 3P/B 3.1
Safety
33
- ○Debt / equity below 0.5D/E 3.53
- ○Debt payable in < 4 yrs of earningsNet debt $4.3B
- –Interest coverage > 8xCoverage n/ax
- –Current ratio > 1.5Current ratio n/a
- ●Piotroski F-score ≥ 6F-score 7/9
Graham Defensive
17
- ●Adequate size (revenue > $2B)Revenue $4.5B
- –Strong condition (current ratio ≥ 2)Current ratio n/a
- ○Earnings stability (no loss, 10y)10 years of data
- ○Uninterrupted dividendsDividends paid every year on record
- ○Earnings growth ≥ 33% (10y, 3y avgs)EPS growth -48%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 31.8
- ○P/E × P/B ≤ 22.5Product 99.2
Valuation lab
What do you have to believe?
At $43.92, the market is pricing in about 13.5% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $4.3B · 92M shares · 5y revenue CAGR 38.2%
Intrinsic value
$100.91
Price
$43.92
Margin of safety
56%
What the price implies
The market is paying for 13.5% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
70% of the value sits beyond year 10. That means the answer depends mostly on the long-run assumptions.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,583 | 1,711 | 1,999 | 1,838 | 894 | 2,335 | 3,538 | 3,592 | 4,465 | 4,513 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Pre-tax income | 293 | 311 | 403 | 273 | (280) | 269 | 481 | 449 | 136 | 175 |
| Income tax | 125 | (16) | 105 | 57 | (79) | 93 | 129 | 136 | 76 | 76 |
| Net income | 168 | 327 | 298 | 216 | (201) | 176 | 352 | 313 | 47 | 81 |
| EPS (diluted) | 1.70 | 3.28 | 3.05 | 2.42 | -2.36 | 1.75 | 2.93 | 2.80 | 0.45 | 0.89 |
| Diluted shares | 99 | 100 | 98 | 89 | 85 | 101 | 120 | 112 | 103 | 92 |
Who owns it
Superinvestors
Filings wire