InterContinental Hotels Group PLC ADR (IHG)

Consumer Cyclical · Lodging
$160.54 +0.65% on the day Market cap $23.8B 52-week range $118.47 to $175.89 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Free cash flow growth the price needs
9% a year for 10 years

At a market value of $23.8B, InterContinental Hotels Group PLC ADR's free cash flow of $870M (fiscal 2025) would need to grow about 9% a year for the stock to be worth today's price. That is faster than the company has grown its free cash flow over the last 9 years.

Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from InterContinental Hotels Group PLC ADR's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.

Implied by the price9.1% a year
Free cash flow, last 9 years5.3% a year
Revenue, same period13.1% a year
Price to free cash flow27.4x

Fundamental grade

C

Five factors scored 1 to 9 from IHG's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation4
Profitability8
Growth6
Financial health1
Cash efficiency7

Key numbers

P/E (trailing)33.0x
P/E (forward)22.7x
Price / free cash flow27.4x
EV / EBITDA20.4x
Price / sales4.59x
Price / book27.7x
Revenue growth+5.4%
Operating margin23.1%
Net margin14.6%
Return on equity—
Dividend yield1.2%
Debt / equity—

Results from SEC filings

Fiscal years, from InterContinental Hotels Group PLC ADR's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$2.9B$3.9B$4.6B$4.9B$5.2B
Net income$266M$375M$750M$628M$758M
Free cash flow$584M$547M$811M$646M$870M
EPS (diluted)$1.45$2.06$4.41$3.85$4.87
Operating margin17.0%16.1%23.1%21.1%23.1%

Where the revenue comes from

Revenue by segments, fiscal 2025.

Americas$1.1B46%
EMEAA$811M33%
Central$363M15%
Greater China$165M7%

Superinvestors who own IHG

From each investor's latest 13F filing (what a 13F shows).

None of the superinvestors we track held IHG in their latest 13F.

Insider buying

Open-market purchases by InterContinental Hotels Group PLC ADR's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of IHG in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

What growth does InterContinental Hotels Group PLC ADR's stock price imply?

At a market value of $23.8B, InterContinental Hotels Group PLC ADR would need its free cash flow to grow about 9% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 5% a year.

Are InterContinental Hotels Group PLC ADR insiders buying the stock?

No open-market insider purchases of IHG in the last 12 months, according to SEC Form 4 filings.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.