BRAEMAR HOTELS & RESORTS INC (BHR)
US10482B1017 - REIT
Overall BHR gets a fundamental rating of 2 out of 10. We evaluated BHR against 126 industry peers in the Diversified REITs industry. BHR has a bad profitability rating. Also its financial health evaluation is rather negative. BHR is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
BHR had negative earnings in the past year.
BHR had a positive operating cash flow in the past year.
BHR had negative earnings in each of the past 5 years.
Of the past 5 years BHR 4 years had a positive operating cash flow.
1.2 Ratios
BHR has a Return On Assets of -3.32%. This is amonst the worse of the industry: BHR underperforms 83.74% of its industry peers.
BHR has a worse Return On Equity (-9.31%) than 85.37% of its industry peers.
Looking at the Return On Invested Capital, with a value of 2.55%, BHR is in line with its industry, outperforming 47.15% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BHR is in line with the industry average of 2.95%.
The 3 year average ROIC (1.72%) for BHR is below the current ROIC(2.55%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.32% | ||
| ROE | -9.31% | ||
| ROIC | 2.55% |
ROA(3y)-1.97%
ROA(5y)-2.68%
ROE(3y)-6.19%
ROE(5y)-10.17%
ROIC(3y)1.72%
ROIC(5y)N/A
1.3 Margins
BHR's Operating Margin of 8.34% is on the low side compared to the rest of the industry. BHR is outperformed by 83.74% of its industry peers.
BHR's Operating Margin has declined in the last couple of years.
BHR has a Gross Margin (69.18%) which is in line with its industry peers.
BHR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.34% | ||
| PM (TTM) | N/A | ||
| GM | 69.18% |
OM growth 3YN/A
OM growth 5Y-6.77%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.17%
GM growth 5Y-0.94%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BHR is destroying value.
Compared to 1 year ago, BHR has less shares outstanding
BHR has more shares outstanding than it did 5 years ago.
BHR has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.20, we must say that BHR is in the distress zone and has some risk of bankruptcy.
BHR's Altman-Z score of 0.20 is on the low side compared to the rest of the industry. BHR is outperformed by 72.36% of its industry peers.
BHR has a debt to FCF ratio of 153.01. This is a negative value and a sign of low solvency as BHR would need 153.01 years to pay back of all of its debts.
BHR has a Debt to FCF ratio of 153.01. This is comparable to the rest of the industry: BHR outperforms 43.09% of its industry peers.
A Debt/Equity ratio of 1.46 is on the high side and indicates that BHR has dependencies on debt financing.
BHR's Debt to Equity ratio of 1.46 is on the low side compared to the rest of the industry. BHR is outperformed by 63.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.46 | ||
| Debt/FCF | 153.01 | ||
| Altman-Z | 0.2 |
ROIC/WACC0.35
WACC7.38%
2.3 Liquidity
A Current Ratio of 0.63 indicates that BHR may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.63, BHR is doing worse than 77.24% of the companies in the same industry.
A Quick Ratio of 0.60 indicates that BHR may have some problems paying its short term obligations.
BHR's Quick ratio of 0.60 is on the low side compared to the rest of the industry. BHR is outperformed by 74.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.6 |
3. Growth
3.1 Past
BHR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -705.56%.
BHR shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.41%.
BHR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.38% yearly.
EPS 1Y (TTM)-705.56%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-147.37%
Revenue 1Y (TTM)10.41%
Revenue growth 3Y48.23%
Revenue growth 5Y11.38%
Revenue growth Q2Q3.46%
3.2 Future
BHR is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.63% yearly.
Based on estimates for the next years, BHR will show a small growth in Revenue. The Revenue will grow by 3.19% on average per year.
EPS Next Y0.74%
EPS Next 2Y12.63%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.45%
Revenue Next 2Y3.19%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for BHR. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for BHR. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
BHR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BHR is cheaper than 96.75% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BHR is valued a bit cheaper than the industry average as 62.60% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.08 | ||
| EV/EBITDA | 8.15 |
4.3 Compensation for Growth
BHR's earnings are expected to grow with 12.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y12.63%
EPS Next 3YN/A
5. Dividend
5.1 Amount
BHR has a Yearly Dividend Yield of 9.09%, which is a nice return.
BHR's Dividend Yield is rather good when compared to the industry average which is at 6.13. BHR pays more dividend than 85.37% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, BHR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.09% |
5.2 History
The dividend of BHR decreases each year by -3.87%.
BHR has been paying a dividend for at least 10 years, so it has a reliable track record.
BHR has decreased its dividend recently.
Dividend Growth(5Y)-3.87%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
BHR has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-71.01%
EPS Next 2Y12.63%
EPS Next 3YN/A
BRAEMAR HOTELS & RESORTS INC
NYSE:BHR (4/24/2024, 7:04:00 PM)
After market: 2.75 0 (0%)2.75
-0.04 (-1.43%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap182.93M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.09% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.32% | ||
| ROE | -9.31% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 8.34% | ||
| PM (TTM) | N/A | ||
| GM | 69.18% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.46 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.6 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-705.56%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y0.74%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)10.41%
Revenue growth 3Y48.23%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y