INN

Summit Hotel PropertiesNYSE:INN Stock Report

Market Cap

US$1.0b

7D

6.8%

1Y

99.6%

Updated

22 Sep, 2021

Data

Company Financials +
INN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance0/6
Financial Health1/6
Dividends0/6

INN Overview

Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry.

Summit Hotel Properties Competitors

Host Hotels & Resorts

NasdaqGS:HST

US$11.8b

Park Hotels & Resorts

NYSE:PK

US$4.7b

Ryman Hospitality Properties

NYSE:RHP

US$4.7b

Apple Hospitality REIT

NYSE:APLE

US$3.7b

Price History & Performance

Summary of all time highs, changes and price drops for Summit Hotel Properties
Historical stock prices
Current Share PriceUS$9.80
52 Week HighUS$4.72
52 Week LowUS$11.32
Beta2.43
1 Month Change11.24%
3 Month Change0.72%
1 Year Change99.59%
3 Year Change-26.48%
5 Year Change-26.98%
Change since IPO1.14%

Recent News & Updates

Jun 07

Summit Hotel joint venture to acquire Steamboat Springs hotel for $33M

Photo by zeljkosantrac/E+ via Getty Images Summit Hotel Properties (INN) enters into a definitive agreement to acquire the 110-guestroom Residence Inn by Marriott Steamboat Springs for $33M through its joint venture with GIC. The transaction is expected to settle late in Q2 Alterra Mountain Company owns the Steamboat Resort and in April of this year it said it will spend $135M on base area improvements, ski acreage expansion, and enhancement of the overall guest experience. The hotel opened in December

Shareholder Returns

INNUS REITsUS Market
7D6.8%-0.5%-1.7%
1Y99.6%39.9%36.2%

Return vs Industry: INN exceeded the US REITs industry which returned 34.6% over the past year.

Return vs Market: INN exceeded the US Market which returned 31.5% over the past year.

Price Volatility

Is INN's price volatile compared to industry and market?
INN volatility
INN Beta2.43
Industry Beta0.83
Market Beta1

Stable Share Price: INN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: INN's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200446Jon Stannerhttps://www.shpreit.com

Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 3, 2020, the Company's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.

Summit Hotel Properties Fundamentals Summary

How do Summit Hotel Properties's earnings and revenue compare to its market cap?
INN fundamental statistics
Market CapUS$1.04b
Earnings (TTM)-US$142.49m
Revenue (TTM)US$245.02m

4.3x

P/S Ratio

-7.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
INN income statement (TTM)
RevenueUS$245.02m
Cost of RevenueUS$154.09m
Gross ProfitUS$90.93m
ExpensesUS$233.42m
Earnings-US$142.49m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.37
Gross Margin37.11%
Net Profit Margin-58.16%
Debt/Equity Ratio103.4%

How did INN perform over the long term?

See historical performance and comparison

Valuation

Is Summit Hotel Properties 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: INN ($9.8) is trading below our estimate of fair value ($91.51)

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


Price To Earnings Ratio

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

PE vs Market: INN 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 INN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: INN is good value based on its PB Ratio (1.1x) compared to the US REITs industry average (2x).


Future Growth

How is Summit Hotel Properties forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

99.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: INN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: INN's is expected to become profitable in the next 3 years.

Revenue vs Market: INN's revenue (27.4% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: INN's revenue (27.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: INN's Return on Equity is forecast to be low in 3 years time (2.6%).


Past Performance

How has Summit Hotel Properties performed over the past 5 years?

-57.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INN is currently unprofitable.

Growing Profit Margin: INN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: INN is unprofitable, and losses have increased over the past 5 years at a rate of 57.1% per year.

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

Earnings vs Industry: INN is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (3.9%).


Return on Equity

High ROE: INN has a negative Return on Equity (-12.57%), as it is currently unprofitable.


Financial Health

How is Summit Hotel Properties's financial position?


Financial Position Analysis

Short Term Liabilities: INN's short term assets ($109.2M) exceed its short term liabilities ($47.1M).

Long Term Liabilities: INN's short term assets ($109.2M) do not cover its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: INN's debt to equity ratio (103.4%) is considered high.

Reducing Debt: INN's debt to equity ratio has increased from 64.4% to 103.4% over the past 5 years.

Debt Coverage: INN's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if INN's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Summit Hotel Properties's current dividend yield, its reliability and sustainability?

1.64%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate INN'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 INN's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of INN'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?

4.0yrs

Average management tenure


CEO

Jon Stanner (40 yo)

0.67

Tenure

US$1,858,908

Compensation

Mr. Jonathan P. Stanner, also known as Jon, serves as President, Chief Executive Officer and Director of Summit Hotel Properties, Inc. since January 15, 2021. Mr. Stanner served as Chief Financial Officer...


CEO Compensation Analysis

Compensation vs Market: Jon's total compensation ($USD1.86M) is about average for companies of similar size in the US market ($USD2.39M).

Compensation vs Earnings: Jon's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: INN's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: INN's board of directors are considered experienced (4.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: INN insiders have only sold shares 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

Summit Hotel Properties, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Summit Hotel Properties, Inc.
  • Ticker: INN
  • Exchange: NYSE
  • Founded: 2004
  • Industry: Hotel and Resort REITs
  • Sector: Real Estate
  • Implied Market Cap: US$1.045b
  • Market Cap: US$1.043b
  • Shares outstanding: 106.61m
  • Website: https://www.shpreit.com

Number of Employees


Location

  • Summit Hotel Properties, Inc.
  • 13215 Bee Cave Parkway
  • Suite B-300
  • Austin
  • Texas
  • 78738
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/22 22:39
End of Day Share Price2021/09/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.