NYSE:BHR

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Braemar Hotels & Resorts

Executive Summary

Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts. More Details


Snowflake Analysis

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

How has Braemar Hotels & Resorts's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BHR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.0%

BHR

3.6%

US REITs

3.9%

US Market


1 Year Return

-73.0%

BHR

-14.6%

US REITs

18.5%

US Market

Return vs Industry: BHR underperformed the US REITs industry which returned -14.5% over the past year.

Return vs Market: BHR underperformed the US Market which returned 17.2% over the past year.


Shareholder returns

BHRIndustryMarket
7 Day5.0%3.6%3.9%
30 Day3.7%-3.4%-4.3%
90 Day-10.4%-1.7%8.1%
1 Year-72.2%-73.0%-11.2%-14.6%21.2%18.5%
3 Year-71.0%-75.1%11.4%-1.6%38.2%29.0%
5 Year-79.0%-83.6%40.1%11.9%84.3%63.4%

Price Volatility Vs. Market

How volatile is Braemar Hotels & Resorts's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Braemar Hotels & Resorts undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BHR ($2.5) is trading below our estimate of fair value ($30.37)

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


Price To Earnings Ratio

PE vs Industry: BHR is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.

PE vs Market: BHR is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BHR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BHR is good value based on its PB Ratio (0.3x) compared to the US REITs industry average (1.4x).


Next Steps

Future Growth

How is Braemar Hotels & Resorts forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

44.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BHR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BHR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BHR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: BHR's revenue (20.2% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: BHR's revenue (20.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BHR's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Braemar Hotels & Resorts performed over the past 5 years?

-34.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BHR is currently unprofitable.

Growing Profit Margin: BHR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BHR is unprofitable, and losses have increased over the past 5 years at a rate of 34.9% per year.

Accelerating Growth: Unable to compare BHR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BHR is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (3.3%).


Return on Equity

High ROE: BHR has a negative Return on Equity (-13.3%), as it is currently unprofitable.


Next Steps

Financial Health

How is Braemar Hotels & Resorts's financial position?


Financial Position Analysis

Short Term Liabilities: BHR's short term assets ($170.2M) exceed its short term liabilities ($76.7M).

Long Term Liabilities: BHR's short term assets ($170.2M) do not cover its long term liabilities ($1.2B).


Debt to Equity History and Analysis

Debt Level: BHR's debt to equity ratio (253.7%) is considered high.

Reducing Debt: BHR's debt to equity ratio has increased from 156.6% to 253.7% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable BHR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: BHR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11% per year.


Next Steps

Dividend

What is Braemar Hotels & Resorts's current dividend yield, its reliability and sustainability?

5.03%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BHR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BHR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BHR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BHR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BHR is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BHR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Richard Stockton (49 yo)

3.83yrs

Tenure

US$2,114,117

Compensation

Mr. Richard J. Stockton has been Director at Braemar Hotels & Resorts Inc. since July 28, 2020. Mr. Stockton was an Independent Trustee and Lead Independent Trustee at Spirit MTA REIT since May 30, 2018. M ...


Leadership Team

NamePositionTenureCompensationOwnership
Richard Stockton
President3.83yrsUS$2.11m1.24%
$ 1.2m
Deric Eubanks
CFO & Treasurer6.25yrsUS$990.98k0.49%
$ 460.8k
Jeremy Welter
Chief Operating Officer2.5yrsUS$989.48k0.096%
$ 90.3k
Mark Nunneley
Chief Accounting Officer7.42yrsUS$594.60k0.71%
$ 673.2k
Jordan Jennings
Managerno datano datano data
Robert Haiman
Executive VPno datano data0.065%
$ 61.2k
James Plohg
Associate General Counselno datano datano data

5.0yrs

Average Tenure

49yo

Average Age

Experienced Management: BHR's management team is seasoned and experienced (5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Richard Stockton
President3.83yrsUS$2.11m1.24%
$ 1.2m
Montgomery Bennett
Chairman of the Board7.42yrsUS$2.11m1.35%
$ 1.3m
Curtis McWilliams
Independent Director6.83yrsUS$173.23k0.14%
$ 133.6k
Kenneth Fearn
Independent Director4.08yrsUS$171.98k0.089%
$ 83.7k
Abteen Vaziri
Independent Director2.92yrsUS$132.20k0.010%
$ 9.5k
Stefani Carter
Lead Independent Directorno dataUS$183.98k0.055%
$ 52.3k
Matthew Rinaldi
Independent Director6.83yrsUS$162.98k0.12%
$ 114.5k
Mary Evans
Independent Director1.17yrsUS$89.54k0.0034%
$ 3.2k

4.1yrs

Average Tenure

51.5yo

Average Age

Experienced Board: BHR's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Braemar Hotels & Resorts, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Braemar Hotels & Resorts, Inc.
  • Ticker: BHR
  • Exchange: NYSE
  • Founded: 2013
  • Industry: Hotel and Resort REITs
  • Sector: Real Estate
  • Implied Market Cap: US$94.326m
  • Market Cap: US$82.578m
  • Shares outstanding: 37.43m
  • Website: https://www.bhrreit.com

Location

  • Braemar Hotels & Resorts, Inc.
  • 14185 Dallas Parkway
  • Suite 1100
  • Dallas
  • Texas
  • 75254
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BHRNYSE (New York Stock Exchange)YesCommon StockUSUSDNov 2013
42VDB (Deutsche Boerse AG)YesCommon StockDEEURNov 2013
BHR.PRBNYSE (New York Stock Exchange)5.5 CUM CV PFD BUSUSDMay 2016
BHR.PRDNYSE (New York Stock Exchange)Pfd Ser DUSUSDNov 2018

Biography

Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/01 00:51
End of Day Share Price2020/09/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.