NYSE · Consumer Cyclical

InterContinental Hotels Group PLC

IHG · Lodging

$171.02

▲ 0.36 (0.21%)

Cached · 10 min

Overall Grade

Defensive

Enterprising

Profitability

N/A⤢

Fin. Health

F⤢

Working Capital vs Long-Term Debt -$3.8B

Working Capital -$51M

Valuation

D⤢

Price-to-Book N/A (neg. equity)

Cash Flow

N/A⤢

Defensive — Graham's strict criteria (P/B, P/E, dividends, stability) · Enterprising — Profitability & cash flow focused, accepts higher valuations for quality

About InterContinental Hotels Group PLC

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the United Kingdom, the United States, and internationally. It operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotel, Hotel Indigo, voco, Ruby, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN Hotels, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, IHG, Holiday Inn Club Vacations, and Candlewood Suites brand names. The company also provides IHG Rewards loyalty program. InterContinental Hotels Group PLC was formerly known as Six Continents PLC and changed its name to InterContinental Hotels Group PLC in June 2003. The company was founded in 1777 and is headquartered in Windsor, United Kingdom.

Market Data

Market Cap $25.4B

Enterprise Value $157.4B

P/E (TTM) 35.19

Dividend Yield 1.08%

Exchange NYSE

Key Margins

Gross Profit N/A

Operating Margin N/A

Net Margin N/A

Company Info

Sector Consumer Cyclical

Industry Lodging

Employees 13049

Country United Kingdom

Visit website

📖

Full Graham Analysis

Mr. Market is currently offering InterContinental Hotels Group PLC at $171.02.

The business passes only 1 of 4 of Graham's defensive criteria — well below his required standard.

Negative NCAV — liabilities exceed current assets. Common in capital-return businesses (buybacks, debt-funded dividends) and capital-intensive industries. Not automatically a warning sign..

Conclusion: By Graham's standards, this stock is speculative at its current price. The intelligent investor would look elsewhere or wait.

Showing Key Metrics

Income Statement

Balance Sheet

	2025	2024
Treasury Shares Number	6,521	7,403
Ordinary Shares Number	150,606	157,309
Share Issued	157,127	164,712
Net Debt	3,099,000	2,288,000
Total Debt	4,607,000	3,688,000
Tangible Book Value	-3,896,000	-3,354,000
Invested Capital	1,460,000	962,000
Working Capital	-51,000	-59,000
Net Tangible Assets	-3,896,000	-3,354,000
Capital Lease Obligations	406,000	414,000
Common Stock Equity	-2,741,000	-2,312,000
Total Capitalization	982,000	564,000
Total Equity Gross Minority Interest	-2,736,000	-2,308,000
Minority Interest	5,000	4,000
Stockholders Equity	-2,741,000	-2,312,000
Treasury Stock	59,000	63,000
Retained Earnings	-302,000	34,000
Additional Paid In Capital	19,000	16,000
Capital Stock	145,000	137,000
Common Stock	145,000	137,000
Total Liabilities Net Minority Interest	8,081,000	7,056,000
Total Non Current Liabilities Net Minority Interest	5,981,000	5,128,000
Other Non Current Liabilities	345,000	311,000
Derivative Product Liabilities	12,000	78,000
Non Current Pension And Other Postretirement Benefit Plans	69,000	68,000
Tradeand Other Payables Non Current	75,000	78,000
Non Current Deferred Revenue	1,340,000	1,294,000
Non Current Deferred Taxes Liabilities	17,000	18,000
Long Term Debt And Capital Lease Obligation	4,101,000	3,264,000
Long Term Capital Lease Obligation	378,000	388,000
Long Term Debt	3,723,000	2,876,000
Long Term Provisions	22,000	17,000
Current Liabilities	2,100,000	1,928,000
Other Current Liabilities	54,000	14,000
Current Debt And Capital Lease Obligation	506,000	424,000
Current Capital Lease Obligation	28,000	26,000
Current Debt	478,000	398,000
Current Provisions	21,000	22,000
Payables	326,000	702,000
Other Payable	114,000
Total Tax Payable	109,000	52,000
Accounts Payable	103,000	111,000
Total Assets	5,345,000	4,748,000
Total Non Current Assets	3,296,000	2,879,000
Defined Pension Benefit	3,000	3,000
Non Current Deferred Assets	419,000	376,000
Non Current Deferred Taxes Assets	146,000	122,000
Financial Assets	120,000	4,000
Investmentin Financial Assets
Available For Sale Securities	211,000	212,000
Long Term Equity Investment	55,000	51,000
Investmentsin Joint Venturesat Cost	16,000
Investmentsin Associatesat Cost	39,000
Investment Properties	2,000
Goodwill And Other Intangible Assets	1,155,000	1,042,000
Other Intangible Assets	820,000
Goodwill	335,000
Net PPE	415,000	420,000
Accumulated Depreciation	-536,000
Gross PPE	951,000	422,000
Other Properties	4,000	422,000
Machinery Furniture Equipment	293,000
Buildings And Improvements	555,000
Land And Improvements	99,000
Current Assets	2,049,000	1,869,000
Current Deferred Assets		5,000
Restricted Cash	27,000	22,000
Prepaid Assets	86,000	93,000
Inventory	5,000	4,000
Other Receivables	101,000	38,000
Taxes Receivable	27,000	22,000
Accounts Receivable	698,000	785,000
Allowance For Doubtful Accounts Receivable	-150,000
Gross Accounts Receivable	848,000	771,000
Cash Cash Equivalents And Short Term Investments	1,105,000	1,015,000
Other Short Term Investments	3,000	7,000
Cash And Cash Equivalents	1,102,000	1,008,000

Cash Flow

📊 Quarterly mode — Graham Fair Value & 7 Criteria require annual data. Switch to Annual for full analysis.

Quarterly Health Checks

3 Graham/Buffett criteria that are valid and reliable on quarterly data

❌ Financial Condition

Current assets vs current liabilities — a real-time liquidity snapshot. Valid and reliable on quarterly data.

0.98x current ratio

vs ≥ 2.0x

Operating Cash Flow

N/A

Latest quarter · Buffett's cash reality check

ROIC

N/A

Based on latest annual operating income

Market Cap / Net Assets

⚠ Negative Net Assets

Net Assets: -$2.7B

⚠ Negative Net Assets — total liabilities exceed total assets on paper. This is common in companies that aggressively return capital via buybacks and dividends (Apple, McDonald's, Domino's). It does not indicate insolvency if the business generates strong, consistent free cash flow. Focus on FCF and earnings power rather than balance sheet book value for these companies.

Peers & Industry

No auto-detected peers for Lodging. You can manually compare IHG against any stock using the Compare tool.

"The management of a business is its most important single factor — more important than market position, patents, or financial structure."

— Benjamin Graham

Capital Allocation & Alignment

Insider Ownership

0.01%

Low — management has little skin in the game

Share Buybacks (Latest Year)

$897M

Management is returning capital to shareholders via buybacks

Leadership Team

Elie Wajih Maalouf

CEO & Executive Director

Age 61

Pay: $4,665,772

Michael Glover

CFO & Executive Director

Age 54

Pay: $2,504,599

Chris Moloney

Chief Operating Officer of South West Asia

Lewis Fader

Senior Vice President of Operations - Americas East Region & Canada

Top Institutional Holders

Institution	% Owned	Shares
FMR, LLC	4.04%	6,037,396
Morgan Stanley	0.54%	813,913
Goldman Sachs Group Inc	0.47%	701,255
Natixis Advisors, LLC	0.33%	496,911
Bank of America Corporation	0.33%	490,050
Jones Financial Companies, L.L.L.P.	0.31%	467,825
Royal Bank of Canada	0.30%	454,016
JPMORGAN CHASE & CO	0.28%	425,533

⚠️ Current ratio below 1 — liquidity risk

Risk Analysis

Beta (Market Risk)

1.04

Moderate volatility — moves slightly more than market

Short Interest

0.5% of float

Low short interest — market is not heavily bearish

Current Ratio

0.98x

Weak liquidity — current liabilities exceed current assets

52-Week Price Range

Low: $109.79 Current: $171.02 High: $173.38

Currently at 96% of 52-week range