Added to YB: 2026-07-10
Pitch date: 2026-05-03
MEL.MC [bearish]
Meliá Hotels International, S.A.
-1.58%
current return
Author Info
No bio for this author
Company Info
Meliá Hotels International, S.A. owns, operates, manages, leases, and franchises hotels in Spain, Latin America, the rest of Europe, and Asia.
Market Cap
EUR 2.6B
Pitch Price
EUR 10.99
Price Target
N/A
Dividend
1.21%
EV/EBITDA
10.75
P/E
15.98
EV/Sales
2.46
Sector
Hotels, Restaurants and Leisure
Category
N/A
Meliá Hotels International, S.A. - $MEL.MC (short)
MEL.MC (short): Spain's largest hotel operator, 2nd-order loser from Strait of Hormuz/jet fuel shock. Trades €11.11, EV €4.99B, 8.8x FY26 EBITDA. Summer resorts (63% of EBITDA in Q2/Q3) rely on UK/German fly-in leisure demand. Consensus hasn't cut estimates unlike airlines. €20-40M EBITDA miss could flatten FY26. Catalyst: Q1 booking commentary. Risks: Spain as relative winner, hedges, tour operator pre-commit, premium mix offsets.
Read full article (5 min)