WYNDHAM HOTELS & RESORTS, INC.
WHdata completeness 88%10 fiscal years on fileData notes: no data for concept 'totalDebt'
WYNDHAM HOTELS & RESORTS, INC. earns about 57% on invested capital, far above its ~9% cost of capital, and has bought back 18% of its shares over 5 years — the marks of a durable business run for its owners. The estimate methods put fair value between $38.79 and $60.24 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $1.25B1 | $1.35B2 | $1.38B3 | $1.4B3 | $1.43B3 |
| Net income | $244M4 | $355M5 | $289M6 | $289M6 | $193M6 |
| Operating cash flow | $426M7 | $399M8 | $376M9 | $290M9 | $367M9 |
| Capital expenditure | $37M10 | $39M11 | $37M12 | $49M12 | $46M12 |
| Free cash flow (derived) | $389M7 | $360M8 | $339M9 | $241M9 | $321M9 |
| Total debt | — | — | — | — | — |
| Cash & equivalents | $171M13 | $161M14 | $66M15 | $103M16 | $64M16 |
| Diluted shares | 93.9M | 90.8M | 84.9M | 80.1M | 77.2M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $60.62 of net worth that earned you $25 and generated $41.58 of cash last year.
It earned about 57% on invested capital, year after year, against a ~9% cost of capital — the footprint of real pricing power. Competition usually drags returns like this back down; here it hasn't.
seeing a moat in the numbers →Share count is down 18% over 5 years — management has been buying back stock, quietly handing owners a bigger slice.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 3 estimate methods that apply put fair value between $38.79 and $60.24 a share. They rest on different assumptions, so where they diverge is the story; the Graham Number is a stricter floor, not a target.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth0.0%
- fcfBase$321M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth0.0%
- fcfBase$321M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$289M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $60.24 |
| Base | 0.0% | $60.24 |
| Bull | 5.0% | $74.62 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 0.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
- 10-K · period ending 2021-12-31 · accession 0001722684-24-000006 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2022-12-31 · accession 0001722684-25-000005 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2023-12-31 · accession 0001722684-26-000007 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2021-12-31 · accession 0001722684-24-000006 (NetIncomeLoss)
- 10-K · period ending 2022-12-31 · accession 0001722684-25-000005 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0001722684-26-000007 (NetIncomeLoss)
- 10-K · period ending 2021-12-31 · accession 0001722684-24-000006 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-12-31 · accession 0001722684-25-000005 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0001722684-26-000007 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2021-12-31 · accession 0001722684-24-000006 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2022-12-31 · accession 0001722684-25-000005 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-12-31 · accession 0001722684-26-000007 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2021-12-31 · accession 0001722684-23-000005 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2022-12-31 · accession 0001722684-24-000006 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-12-31 · accession 0001722684-25-000005 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2024-12-31 · accession 0001722684-26-000007 (CashAndCashEquivalentsAtCarryingValue)