American Hotel Income Properties REIT (TSX:HOT.UN) Stock Valuation, Peer Comparison & Price Targets

Share Price vs Fair Value

What is the Fair Price of HOT.UN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HOT.UN (CA$0.5) is trading below our estimate of fair value (CA$1.78)

Significantly Below Fair Value: HOT.UN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HOT.UN?

Key metric: As HOT.UN is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for HOT.UN. This is calculated by dividing HOT.UN's market cap by their current revenue.
What is HOT.UN's PS Ratio?
PS Ratio	0.1x
Sales	US$271.67m
Market Cap	US$28.34m

HOT.UN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.2x
Enterprise Value/EBITDA	9.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does HOT.UN's PS Ratio compare to its peers?

The above table shows the PS ratio for HOT.UN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.9x
RRR.UN R&R Real Estate Investment Trust	0.2x	n/a	CA$52.7m
NHT.U NexPoint Hospitality Trust	0.009x	n/a	US$443.4k
SOT.UN Slate Office REIT	0.2x	-2.3%	CA$38.7m
FCA.UN Firm Capital Apartment Real Estate Investment Trust	3.1x	-14.6%	CA$38.7m
HOT.UN American Hotel Income Properties REIT	0.1x	0.6%	CA$39.6m

Price-To-Sales vs Peers: HOT.UN is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does HOT.UN's PS Ratio compare vs other companies in the North American Hotel and Resort REITs Industry?

4 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	6.1x	3.5%
HOT.UN American Hotel Income Properties REIT	0.1x	0.6%	US$28.34m

4 Companies		Estimated Growth	Market Cap
Industry Avg.	6.1x	1.7%
HOT.UN American Hotel Income Properties REIT	0.1x	135.4%	US$28.34m

No more companies

Price-To-Sales vs Industry: HOT.UN is good value based on its Price-To-Sales Ratio (0.1x) compared to the Global Hotel and Resort REITs industry average (6.1x).

Price to Sales Ratio vs Fair Ratio

What is HOT.UN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HOT.UN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.1x
Fair PS Ratio	0.5x

Price-To-Sales vs Fair Ratio: HOT.UN is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HOT.UN forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CA$0.50	CA$0.73 +45.4%	18.0%	CA$0.84	CA$0.54	n/a	3
Nov ’25	CA$0.61	CA$0.63 +3.1%	24.5%	CA$0.83	CA$0.46	n/a	3
Oct ’25	CA$0.72	CA$0.63 -13.0%	24.4%	CA$0.82	CA$0.45	n/a	3
Sep ’25	CA$0.50	CA$0.63 +25.3%	24.4%	CA$0.82	CA$0.45	n/a	3
Aug ’25	CA$0.47	CA$0.71 +51.1%	16.5%	CA$0.82	CA$0.55	n/a	3
Jul ’25	CA$0.49	CA$0.71 +44.9%	16.5%	CA$0.82	CA$0.55	n/a	3
Jun ’25	CA$0.61	CA$0.71 +16.4%	16.5%	CA$0.82	CA$0.55	n/a	3
May ’25	CA$0.61	CA$0.85 +38.7%	13.9%	CA$0.96	CA$0.68	n/a	3
Apr ’25	CA$0.63	CA$0.88 +39.3%	16.1%	CA$1.00	CA$0.68	n/a	3
Mar ’25	CA$0.77	CA$0.90 +16.6%	17.3%	CA$1.02	CA$0.68	n/a	3
Feb ’25	CA$0.83	CA$1.00 +20.8%	0.3%	CA$1.00	CA$1.00	n/a	3
Jan ’25	CA$0.86	CA$1.01 +17.0%	1.6%	CA$1.02	CA$0.98	n/a	3
Dec ’24	CA$0.68	CA$1.73 +154.9%	70.9%	CA$3.86	CA$1.00	n/a	4
Nov ’24	CA$1.45	CA$3.14 +116.7%	14.0%	CA$3.87	CA$2.77	CA$0.61	4
Oct ’24	CA$1.71	CA$2.95 +72.8%	15.0%	CA$3.77	CA$2.51	CA$0.72	5
Sep ’24	CA$2.12	CA$2.86 +34.8%	16.1%	CA$3.78	CA$2.36	CA$0.50	6
Aug ’24	CA$2.37	CA$3.09 +30.4%	12.6%	CA$3.72	CA$2.50	CA$0.47	6
Jul ’24	CA$2.37	CA$3.19 +34.7%	9.8%	CA$3.78	CA$2.98	CA$0.49	6
Jun ’24	CA$2.49	CA$3.25 +30.7%	8.8%	CA$3.75	CA$3.05	CA$0.61	6
May ’24	CA$2.55	CA$3.24 +27.2%	9.8%	CA$3.75	CA$2.78	CA$0.61	6
Apr ’24	CA$2.45	CA$3.30 +34.7%	8.1%	CA$3.75	CA$3.01	CA$0.63	6
Mar ’24	CA$2.69	CA$3.56 +32.4%	7.9%	CA$3.74	CA$3.00	CA$0.77	6
Feb ’24	CA$2.79	CA$3.65 +30.7%	9.3%	CA$4.02	CA$3.01	CA$0.83	5
Jan ’24	CA$2.79	CA$3.79 +35.9%	6.3%	CA$4.09	CA$3.33	CA$0.86	6
Dec ’23	CA$2.76	CA$3.75 +35.9%	6.5%	CA$4.04	CA$3.29	CA$0.68	6
Nov ’23	CA$2.83	CA$4.23 +49.3%	10.2%	CA$4.80	CA$3.48	CA$1.45	6

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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American Hotel Income Properties REIT Valuation