TH Stock Analysis: Target Hospitality | NASDAQ
Specialty Business Services | NASDAQ, USA | Market Cap: 1.839m USD | 12M Return: 113.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.4M
Qual. Beats: 0
Rev. Trend: -96.6%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 8.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Target Hospitality Corp. (TH) is a specialty rental and hospitality services company headquartered in The Woodlands, Texas, operating across three segments: Hospitality & Facilities Services – South, Workforce Hospitality Solutions, and Government. The company owns a network of specialty rental accommodation units and provides a comprehensive suite of support services including catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, laundry, and construction services. Its customer base primarily consists of U.S. government contractors and investment-grade natural resource development companies, positioning it as a niche provider of turnkey workforce housing solutions. Founded in 1978 and listed on NASDAQ, Target Hospitality operates within the Consumer Discretionary sector under the Hotels, Resorts & Cruise Lines sub-industry, with a mid-cap market capitalization of approximately $2 billion as of recent reporting.
- Natural gas rig count recovery drives workforce lodging occupancy
- Government segment revenue grows on expanded federal contractor contracts
- Adjusted EBITDA margins expand on pricing power and operating leverage
| Net Income: -43.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA -1.86 > 1.0 |
| NWC/Revenue: -3.28% < 20% (prev 14.04%; Δ -17.32% < -1%) |
| CFO/TA 0.14 > 3% & CFO 77.2m > Net Income -43.6m |
| Net Debt (42.5m) to EBITDA (44.2m): 0.96 < 3 |
| Current Ratio: 0.85 > 1.5 & < 3 |
| Outstanding Shares: last quarter (99.9m) vs 12m ago 0.83% < -2% |
| Gross Margin: 0.57% > 18% (prev 39.98%; Δ -39.41% > 0.5%) |
| Asset Turnover: 58.71% > 50% (prev 62.13%; Δ -3.42% > 0%) |
| Interest Coverage Ratio: -15.30 > 6 (EBIT TTM -47.5m / Interest Expense TTM 3.11m) |
| A: -0.02 (Total Current Assets 58.6m - Total Current Liabilities 69.2m) / Total Assets 539.5m |
| B: 0.52 (Retained Earnings 282.3m / Total Assets 539.5m) |
| C: -0.09 (EBIT TTM -47.5m / Avg Total Assets 551.0m) |
| D: 2.31 (Book Value of Equity 376.9m / Total Liabilities 162.9m) |
| Altman-Z'' = 3.43 = A |
| DSRI: 0.87 (Receivables 45.6m/56.9m, Revenue 323.5m/349.5m) |
| GMI: 69.88 (GM 39.98% / 0.57%) |
| AQI: 0.97 (AQ_t 0.16 / AQ_t-1 0.16) |
| SGI: 0.93 (Revenue 323.5m / 349.5m) |
| TATA: -0.22 (NI -43.6m - CFO 77.2m) / TA 539.5m) |
| Beneish M = 59.17 (Cap -4..+1) = D |
As of July 14, 2026, the stock is trading at USD 16.74 with a total of 1,028,874 shares traded. Over the past week, the price has changed by -5.64%, over one month by -11.48%, over three months by +15.93% and over the past year by +113.25%.
Current recommended Stop Loss: 15.30 (which is 8.6% or 1.8 ATR below the current price).
Target Hospitality has received a consensus analysts rating of 3.67. Therefore, it is recommended to hold TH.
- StrongBuy: 1
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 22 | 31.4% |
P/E Forward = 20.1613
P/S = 5.6854
P/B = 4.8799
P/EG = 1.3444
Revenue TTM = 323.5m USD
EBIT TTM = -47.5m USD
EBITDA TTM = 44.2m USD
Long Term Debt = 30.0m USD (from longTermDebt, last quarter)
Short Term Debt = 6.86m USD (from shortTermDebt, last quarter)
Debt = 48.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 8.99m
Net Debt = 42.5m USD (calculated: Debt 48.0m - CCE 5.46m)
Enterprise Value = 1.88b USD (1.84b + Debt 48.0m - CCE 5.46m)
Interest Coverage Ratio = -15.30 (Ebit TTM -47.5m / Interest Expense TTM 3.11m)
EV/FCF = 31.65x (Enterprise Value 1.88b / FCF TTM 59.5m)
FCF Yield = 3.16% (FCF TTM 59.5m / Enterprise Value 1.88b)
FCF Margin = 18.38% (FCF TTM 59.5m / Revenue TTM 323.5m)
Net Margin = -13.47% (Net Income TTM -43.6m / Revenue TTM 323.5m)
Gross Margin = 0.57% ((Revenue TTM 323.5m - Cost of Revenue TTM 321.7m) / Revenue TTM)
Gross Margin QoQ = -0.69% (prev -0.39%)
Tobins Q-Ratio = 3.49 (Enterprise Value 1.88b / Total Assets 539.5m)
Interest Expense / Debt = 6.47% (Interest Expense 3.11m / Debt 48.0m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -37.6m (EBIT -47.5m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.85 (Total Current Assets 58.6m / Total Current Liabilities 69.2m)
Debt / Equity = 0.13 (Debt 48.0m / totalStockholderEquity, last quarter 376.9m)
Debt / EBITDA = 0.96 (Net Debt 42.5m / EBITDA 44.2m)
Debt / FCF = 0.72 (Net Debt 42.5m / FCF TTM 59.5m)
Total Stockholder Equity = 392.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -7.91% (Net Income -43.6m / Total Assets 539.5m)
RoE = -11.10% (Net Income TTM -43.6m / Total Stockholder Equity 392.5m)
RoCE = -11.25% (EBIT -47.5m / Capital Employed (Equity 392.5m + L.T.Debt 30.0m))
RoIC = -7.96% (negative operating profit) (NOPAT -37.6m / Invested Capital 471.7m)
WACC = 7.19% (E(1.84b)/V(1.89b) * Re(7.24%) + D(48.0m)/V(1.89b) * Rd(6.47%) * (1-Tc(0.21)))
Discount Rate = 7.24% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -51.11 | Cagr: -1.98%
[DCF] Terminal Value 73.10% ; FCFF base≈64.7m ; Y1≈56.7m ; Y5≈45.8m
[DCF] Fair Price = 6.96 (EV 735.3m - Net Debt 42.5m = Equity 692.8m / Shares 99.6m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.49 | # QB: 0
Revenue Correlation: -96.60 | Revenue CAGR: -24.49% | SUE: -0.31 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.10 | Chg30d=+9.56% | Revisions=+25% | Analysts=4
EPS next Quarter (2026-09-30): EPS=-0.02 | Chg30d=N/A | Revisions=+25% | Analysts=4
EPS current Year (2026-12-31): EPS=-0.19 | Chg30d=-0.98% | Revisions=+0% | GrowthEPS=+18.6% | GrowthRev=+17.2%
EPS next Year (2027-12-31): EPS=0.67 | Chg30d=-2.19% | Revisions=+0% | GrowthEPS=+464.6% | GrowthRev=+68.8%
[Analyst] Revisions Ratio: +22% (up=4, down=2)