Hilton Worldwide Holdings Inc

HLT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$648.00	Nnzqs	Sgwsbrkq

Hilton: Investor Day Highlights Its Leading Brand and Forecast for Further Growth; Shares a Bit Rich

Dan Wasiolek

Mar 19, 2024

Details from Hilton's investor day presentation confirm our thesis that the company holds an industry-leading brand intangible asset, the primary source of its wide moat rating. We maintain our $178 fair value estimate, leaving shares, which are trading around 18 times forward enterprise value/EBITDA versus 16 in prepandemic years, somewhat overvalued.

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