| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2026 | ‡‡‡ |
|
| 2025 | 0.20 |
—
—
—
—
|
| 2024 | 0.20 |
—
—
—
—
|
| 2023 | 0.20 |
—
—
—
—
|
| 2022 | 0.08 |
—
—
—
—
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡‡ |
|
| 2019 | 0.64 |
—
—
—
—
|
| 2018 | 0.63 |
—
—
—
—
|
| 2017 | 0.63 |
—
—
—
—
|
| 2016 | 0.46 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 168.18 | 226.74 | 166.92 | 146.47 |
| Receivables | 56.94 | 54.63 | 49.93 | 41.56 |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 225.12 | 289.65 | 225.75 | 197.22 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 149.87 | 143.57 | 142.12 | 98.22 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 149.87 | 143.57 | 142.12 | 98.22 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 208.98 | 171.03 | — | — |
—
|
| ’25 | 215.82 | 179.08 | 143.56 | 165.56 |
704.02
|
| ’24 | 219.08 | 187.59 | 148.40 | 173.34 |
728.40
|
| ’23 | 215.30 | 186.71 | 159.80 | 177.53 |
739.34
|
| ’22 | 161.88 | 174.89 | 161.19 | 171.62 |
669.59
|
| ’21 | 83.85 | 97.11 | 116.18 | 130.41 |
427.54
|
| ’20 | 117.52 | 12.90 | 44.75 | 51.81 |
226.97
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 21.95 | 20.92 | — | — |
—
|
| ’25 | 15.15 | 23.05 | (5.76) | 8.34 |
40.78
|
| ’24 | 36.04 | 24.12 | 0.01 | 6.65 |
66.82
|
| ’23 | 42.31 | 19.65 | 11.04 | 11.71 |
84.71
|
| ’22 | 28.79 | 51.04 | 24.15 | 5.50 |
109.48
|
| ’21 | 11.97 | 19.54 | 23.64 | 8.80 |
63.95
|
| ’20 | (0.86) | (22.42) | (12.34) | (14.66) |
(50.29)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 9.88 | 185.11 | — | — |
—
|
| ’25 | (0.16) | 8.45 | 108.91 | 93.24 |
210.44
|
| ’24 | 12.71 | 8.23 | 140.04 | (9.17) |
151.80
|
| ’23 | 23.61 | 2.16 | (8.36) | (9.81) |
7.60
|
| ’22 | 18.00 | 41.92 | 7.53 | (7.12) |
60.34
|
| ’21 | 7.28 | 15.14 | 16.88 | (0.99) |
38.31
|
| ’20 | (8.37) | (27.21) | (21.50) | (18.76) |
(75.84)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.07 | (0.01) | — | — |
—
|
| ’25 | (0.04) | (0.24) | (0.12) | (0.67) |
(1.07)
|
| ’24 | 0.05 | (0.33) | (0.02) | (0.47) |
(0.77)
|
| ’23 | 0.05 | (0.20) | (0.50) | (0.47) |
(1.13)
|
| ’22 | 0.15 | 0.12 | (0.20) | (0.19) |
(0.15)
|
| ’21 | (0.28) | (0.32) | (0.15) | (0.06) |
(0.76)
|
| ’20 | (0.48) | (1.41) | (0.55) | (0.77) |
(3.39)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 3.41 | 1.91 | 1.79 | 1.80 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 6.64 | 5.60 | 3.95 | 3.28 | — | — | — |
High Price
|
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Employees
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 669.59 | 739.34 | 728.40 | 704.02 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 28.87% | 26.99% | 25.28% | 25.22% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.39 | (27.94) | 20.61 | (26.43) | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.49% | (3.78%) | 2.83% | (3.75%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.35 | (30.63) | 19.76 | (28.41) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 77.78 | 95.94 | 106.08 | 103.84 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.61 | 11.20 | 10.95 | 10.41 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.15) | (1.13) | (0.77) | (1.07) | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.57 | 1.28 | 1.00 | 0.60 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.71) | (1.17) | 1.28 | 2.51 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.87 | 0.12 | 2.28 | 3.11 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.65 | 4.52 | 3.57 | 2.08 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 69.69 | 65.99 | 66.50 | 67.62 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.43 | 0.22 | 0.27 | 0.28 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.73 | 0.55 | 0.84 | 1.38 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.96 | 2.12 | 2.19 | 2.19 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 32.81 | 206.63 | 10.50 | 7.32 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 109.48 | 84.71 | 66.82 | 40.78 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (49.15) | (77.11) | 84.99 | 169.67 | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 60.34 | 7.60 | 151.80 | 210.44 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 262.42 | 75.25 | 146.08 | 83.63 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,009.31 | 1,171.60 | 1,219.27 | 1,111.12 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,691.93 | 1,003.43 | 992.54 | 944.20 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 393.76 | 298.05 | 237.36 | 140.78 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.50%) | (3.20%) | (2.34%) | (3.64%) | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.05% | 2.96% | 6.54% | 4.17% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.76%) | (21.41%) | (19.03%) | (38.46%) | — | — | — |
ROE
|
Braemar Hotels & Resorts (BHR), a hospitality REIT battered by COVID’s depths yet showing post-pandemic revenue resilience, has climbed from $227 million in 2020 to $728 million in 2024—an 82% rise from 2016 peaks—but faces projected dips to $668 million by 2026 amid softening demand, cost pressures, and eroding margins. Profitability remains volatile, with net income swinging wildly from losses to modest gains, now forecasted to plunge to -$123 million in 2026, exacerbated by a 112% share count dilution that erodes per-share value.
The balance sheet looms as the real peril: debt at $1.22 billion (still 121% above 2016 levels) overshadows shrinking equity and a plummeting book value, rendering the stock a stark 77% off 2016 highs despite improving free cash flow. Insider signals mix CEO buys with sells, while consensus targets imply 34% upside—yet this veteran sees a classic value trap, with leverage amplifying recession or rate risks in a sector favoring agile operators over debt-laden owners.
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