公司概述
Chatham Lodging Trust operates as a self-advised, publicly traded real estate investment trust with a primary focus on investing in premium-branded extended-stay and select-service hotels. The firm functions within the Real Estate sector, specifically in the REIT - Hotel & Motel industry, positioning it as a specialized vehicle for exposure to the hospitality asset class. The company's operational scale is defined by a market capitalization of $421.77M and a trailing twelve-month revenue of $294.00M, supported by a workforce of 16 employees. These valuation and revenue figures indicate that the entity manages a substantial portfolio of 33 hotels comprising 5,021 rooms and suites across 15 states and the District of Columbia, representing a significant physical footprint relative to its relatively small employee base.
财务健康
The company reported a revenue of $294.00M for the trailing twelve months, generating a net income of $6.91M and an EBITDA of $86.06M. The substantial gap between the $294.00M revenue and the $6.91M net income reveals a cost structure where operating expenses, including interest and taxes, consume approximately 97.6% of total revenue before reaching the bottom line. However, the EBITDA of $86.06M suggests that the underlying cash generation capability from operations remains robust prior to financing costs and non-cash adjustments. The free cash flow stands at $66.67M, which provides the company with significant financial flexibility to service its obligations or fund capital expenditures without relying solely on external financing. Regarding profitability metrics, the gross margin is 48.0%, indicating that nearly half of every dollar in revenue covers the direct costs of the hotel operations. The operating margin is 5.8%, reflecting the efficiency of the company's overhead management relative to its revenue base. Furthermore, the profit margin is 5.1%, which measures the final percentage of revenue that translates into actual net earnings available to shareholders. The company holds $24.43M in cash against $358.98M in debt, resulting in a debt-to-equity ratio of 46.14, which indicates a highly leveraged balance sheet typical of REIT structures but requiring careful monitoring of interest rate environments. The current ratio is 1.18, suggesting that the company maintains just over one dollar in liquid assets for every dollar of short-term liabilities, indicating a tight but functional short-term liquidity position. Finally, the return on equity is 2.0% and the return on assets is 1.4%, metrics that reveal that management effectiveness in generating returns on the capital invested has been constrained, likely due to the high level of leverage and recent revenue contraction.
估值评估
The trailing P/E ratio is 60.93, while the forward P/E is -71.08. The significant divergence between these two figures, particularly the negative forward P/E, implies that the market expects current earnings to be unsustainable or that the company is projected to report a loss in the upcoming fiscal period. The price-to-book ratio is 0.55, indicating that the stock is trading at a discount of 45% relative to its book value, which often signals market skepticism regarding the recoverability of assets or concerns about future earnings potential. Additionally, the price-to-sales ratio is 1.43 and the EV/EBITDA is 9.00; these alternative valuation metrics suggest that the market values the company at roughly one and a half times its annual sales, while the EV/EBITDA implies the enterprise value is nine times its earnings before interest, taxes, depreciation, and amortization. Regarding price volatility, the 52-week high is $8.60 and the 52-week low is $5.83. Without the specific current share price listed in the provided facts, a precise percentage calculation relative to the trading range cannot be determined from the available data alone. The beta value is 1.06, which means the stock's price volatility is slightly higher than the broader market, moving 6% more than the market index in response to similar market movements.
Growth & Income
The revenue growth year-over-year is -9.9%, while the earnings growth year-over-year is N/A. The contraction in revenue indicates a challenging operating environment, and the lack of reported earnings growth data suggests that profitability has not kept pace with revenue stability or has declined. The dividend yield is 4.7%, and the payout ratio is 257.1%, indicating that the company is paying out dividends from sources other than current net income, such as cash flow or debt proceeds, as the payout significantly exceeds the reported net income. Given that the payout ratio exceeds 100%, the dividend is not fully supported by current earnings, which introduces a risk to the sustainability of the dividend distribution if cash flow generation weakens. Overall, the growth and income profile for Chatham Lodging Trust is characterized by negative revenue growth and a high, earnings-uncovered dividend yield that relies heavily on free cash flow to maintain.