Chatham Lodging Trust (CLDT) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+128.2%

$34.39

vs $15.07 price

Levered DCF

$19.20

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

0.84

Distress zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	48.64×	-111.87×	-97.45×	306.75×	-16.14×	-5.48×	47.03×	26.39×
P/B	0.45×	0.58×	0.67×	0.75×	0.83×	0.75×	1.13×	1.02×
P/S	1.13×	1.38×	1.68×	2.03×	3.25×	3.83×	2.61×	2.51×
EV / EBITDA	6.55×	8.99×	11.11×	11.15×	20.81×	-549.72×	15.72×	13.16×
Gross margin	3.5%	35.1%	35.7%	37.8%	29.0%	28.3%	37.7%	38.3%
Operating margin	9.0%	10.5%	9.2%	12.4%	-8.4%	-31.4%	16.3%	17.9%
Net margin	5.1%	1.3%	0.8%	3.3%	-9.0%	-57.4%	5.7%	9.5%
Current ratio	1.06×	0.23×	2.71×	1.49×	0.33×	0.72×	0.46×	0.8×
Debt / equity	0.48×	0.56×	0.65×	0.62×	0.71×	1.13×	0.92×	0.73×
Interest coverage	1.1×	1.13×	1.1×	1.38×	-0.7×	-1.48×	1.89×	2.16×
Dividend yield	7.7%	5.1%	4.2%	1.4%	0.4%	3.2%	7.3%	7.6%
Payout ratio	169.8%	536.0%	838.2%	82.6%	-14.1%	-21.4%	335.0%	201.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.0%	0.5%	0.3%	1.2%	-2.3%	-11.2%	2.5%	3.8%
Return on invested capital	2.3%	2.7%	2.2%	2.8%	-1.2%	-2.9%	3.6%	3.9%
Return on assets	1.3%	0.3%	0.2%	0.7%	-1.3%	-5.5%	1.3%	2.1%
Free cash flow yield	19.3%	16.7%	14.6%	11.9%	2.9%	-6.8%	5.9%	-1.9%
Earnings yield	4.5%	1.0%	0.5%	1.6%	-2.8%	-15.0%	2.2%	3.8%
Enterprise value	$658.6M	$845M	$960.4M	$1.1B	$1.2B	$1.3B	$1.6B	$1.4B
Net debt / EBITDA	3.25×	4.33×	5.05×	4.88×	9.41×	-327.27×	7.02×	5.45×
Cash conversion cycle (days)	-31	-49	-44	-50	-64	-93	-54	-11