Ashford Hospitality Trust
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-26.922.21-15.60-9.43-3.02-1.95-0.06-0.76-1.08-3.45-3.73-1.95
Price/Sales ratio
1.060.440.480.430.260.180.080.250.120.450.200.18
Price/Book Value ratio
1.590.730.911.000.841.03-0.14-78.22-1.02-2.36-2.551.03
Price/Cash Flow ratio
7.592.874.123.052.111.57-0.27-1.433.9142.887.282.11
Price/Free Cash Flow ratio
7.602.874.123.052.111.57-0.24-1.43-2.3744.753.622.11
Price/Earnings Growth ratio
0.77-0.000.12-0.21-0.03-0.20-0.000.000.010.04-0.06-0.20
Dividend Yield
10.10%15.21%12.66%16.06%25.36%30.95%70.13%8.97%8.09%2.42%11.55%30.95%
Profitability Indicator Ratios
Gross Profit Margin
30.79%29.25%29.07%28.92%26.74%26.77%-11.04%13.45%23.18%24.42%24.29%26.77%
Operating Profit Margin
9.64%10.31%10.43%9.38%6.31%7.63%-91.56%-17.23%6.14%9.53%8.66%6.31%
Pretax Profit Margin
-5.09%23.22%-3.83%-6.32%-10.73%-9.41%-124.85%-32.91%-10.85%-13.15%-10.61%-10.73%
Net Profit Margin
-3.95%20.26%-3.10%-4.65%-8.87%-9.49%-124.59%-33.65%-11.36%-13.05%-11.09%-9.49%
Effective Tax Rate
-3.12%1.51%-2.67%2.43%-1.81%-0.86%0.21%-2.24%-4.70%-0.50%-4.58%-0.86%
Return on Assets
-1.12%5.45%-0.94%-1.43%-2.70%-3.04%-16.95%-6.61%-3.60%-5.15%-3.83%-3.04%
Return On Equity
-5.90%33.40%-5.84%-10.59%-28.05%-53.08%223.26%10212.81%93.79%68.34%112.63%-28.05%
Return on Capital Employed
2.86%2.87%3.32%3.01%2.01%2.53%-13.21%-3.50%2.01%3.99%3.11%2.01%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A3.93N/A
Quick Ratio
3.952.803.063.142.833.051.085.684.852.102.832.83
Cash ratio
2.051.341.661.861.671.590.434.283.070.842.241.67
Days of Sales Outstanding
19.5418.4514.1815.6315.0016.4532.4636.6314.6512.1425.1515.00
Days of Inventory outstanding
1.391.851.561.511.471.441.581.721.471.291.441.44
Operating Cycle
20.9420.3015.7417.1416.4717.8934.0438.3516.1213.447.6517.89
Days of Payables Outstanding
47.1947.6343.7947.2347.6241.2064.6461.6044.4045.6746.6241.20
Cash Conversion Cycle
-26.25-27.33-28.05-30.09-31.15-23.31-30.59-23.25-28.27-32.22-21.11-31.15
Debt Ratios
Debt Ratio
0.700.770.760.790.830.870.990.150.970.981.040.83
Debt Equity Ratio
3.674.734.705.848.6715.27-13.14-238.07-25.52-13.00-17.9515.27
Long-term Debt to Capitalization
0.780.820.820.850.890.931.081.001.041.081.050.89
Total Debt to Capitalization
0.780.820.820.850.890.931.081.001.041.081.050.89
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.44N/A
Cash Flow to Debt Ratio
0.050.050.040.050.040.04-0.04-0.220.010.000.010.04
Company Equity Multiplier
5.236.126.177.3810.3517.45-13.16-1.54K-26.04-13.25-17.8617.45
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.140.150.110.140.120.11-0.29-0.170.030.010.050.11
Free Cash Flow / Operating Cash Flow Ratio
0.990.990.990.990.990.991.101.00-1.640.9510.99
Cash Flow Coverage Ratio
0.050.050.040.050.040.04-0.04-0.220.010.000.010.04
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/A0.32N/AN/A
Dividend Payout Ratio
-272.02%33.69%-197.61%-151.61%-76.74%-60.42%-4.51%-6.87%-8.80%-8.37%-8.49%-76.74%