American Hotel Income Properties REIT LP (HOT-UN.TO) 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

-836.6%

-CA$2.73

vs CA$0.37 price

Levered DCF

-CA$3.27

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

-2.36

Distress zone

Rating

C-

Overall 1 / 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	-0.36×	-0.83×	-0.62×	-4.43×	-19.8×	-2.93×	-60.22×	42.18×
P/B	-0.04×	0.28×	0.26×	0.58×	0.71×	0.56×	1.01×	0.76×
P/S	0.1×	0.15×	0.18×	0.57×	0.97×	1.1×	1.57×	1.36×
EV / EBITDA	-15.8×	13.63×	-95.05×	22.53×	13.87×	118.25×	16.75×	15.04×
Gross margin	3.2%	28.6%	29.7%	14.3%	19.0%	1.9%	19.8%	20.3%
Operating margin	7.9%	17.1%	17.3%	18.2%	29.3%	1.8%	19.4%	20.3%
Net margin	-39.4%	-18.3%	-29.0%	-14.1%	-6.5%	-38.0%	-2.6%	3.1%
Current ratio	0.76×	0.45×	0.56×	1.06×	0.66×	0.71×	1.12×	1.2×
Debt / equity	-0.49×	3.11×	3.41×	2.47×	2.23×	2.29×	1.83×	1.56×
Interest coverage	0.47×	1.19×	1.28×	1.47×	1.93×	0.09×	1.65×	1.73×
Dividend yield	0.0%	0.0%	23.6%	7.1%	1.3%	6.9%	12.2%	14.0%
Payout ratio	0.0%	0.0%	-14.5%	-28.6%	-18.9%	-20.1%	-741.5%	605.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	13.5%	-33.8%	-43.0%	-14.2%	-4.7%	-19.4%	-1.7%	1.8%
Return on invested capital	3.2%	7.1%	5.5%	5.0%	6.3%	0.3%	4.4%	4.4%
Return on assets	-16.0%	-6.9%	-8.5%	-3.8%	-1.4%	-5.6%	-0.6%	0.7%
Free cash flow yield	-8.7%	1.6%	11.1%	10.4%	5.0%	-2.8%	5.4%	10.7%
Earnings yield	-380.5%	-121.2%	-162.5%	-24.7%	-6.7%	-34.5%	-1.7%	2.3%
Enterprise value	CA$239.7M	CA$442.5M	CA$678M	CA$836.2M	CA$957.6M	CA$954.5M	CA$1.2B	CA$1.1B
Net debt / EBITDA	-14.5×	12.43×	-88.02×	18.2×	10.49×	94.42×	10.7×	10.03×
Cash conversion cycle (days)	5	-39	-55	-49	-37	-113	-36	-46