(TH) Target Hospitality - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US87615L1070

Rental Accommodations, Catering, Maintenance, Housekeeping, Security, Recreation

Dividends

Currently no dividends paid
Risk via 10d forecast
Volatility 115%
Value at Risk 5%th 106%
Relative Tail Risk -43.95%
Reward TTM
Sharpe Ratio 0.43
Alpha -6.98
CAGR/Max DD -0.26
Character TTM
Hurst Exponent 0.502
Beta 0.723
Beta Downside 0.682
Drawdowns 3y
Max DD 71.94%
Mean DD 41.26%
Median DD 46.72%

Description: TH Target Hospitality December 01, 2025

Target Hospitality Corp. (NASDAQ: TH) is a North-American specialty-rental and hospitality services firm that operates two primary segments: Hospitality & Facilities Services – South and Government. The business owns and manages a portfolio of modular rental accommodation units and delivers a full suite of ancillary services-including catering, housekeeping, security, and workforce community management-to U.S. government contractors and investment-grade natural-resource developers.

Key performance indicators that investors typically watch include the occupancy rate of its rental units (historically in the high-70% range), average daily rate (ADR) trends relative to inflation, and the renewal rate of government contracts, which has averaged above 85% over the past three years. The company’s revenue exposure is heavily tied to two macro-drivers: (1) federal defense and infrastructure spending, which underpins the Government segment, and (2) capital-expenditure cycles in the oil-and-gas sector, which influence demand for its South-region accommodations.

Founded in 1978 and headquartered in The Woodlands, Texas, Target Hospitality benefits from a niche positioning within the GICS sub-industry “Hotels, Resorts & Cruise Lines,” but its business model diverges from traditional hotel operators by focusing on long-term, contract-based occupancy rather than transient leisure travel.

For a deeper, data-driven valuation, you may find the ValueRay platform’s analyst toolkit useful.

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (-9.69m TTM) > 0 and > 6% of Revenue (6% = 18.9m TTM)
FCFTA 0.15 (>2.0%) and ΔFCFTA -2.97pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue -0.95% (prev 0.49%; Δ -1.43pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.18 (>3.0%) and CFO 98.9m > Net Income -9.69m (YES >=105%, WARN >=100%)
Net Debt (-17.1m) to EBITDA (75.2m) ratio: -0.23 <= 3.0 (WARN <= 3.5)
Current Ratio 0.96 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (99.8m) change vs 12m ago -1.50% (target <= -2.0% for YES)
Gross Margin 26.36% (prev 47.43%; Δ -21.08pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 50.29% (prev 60.41%; Δ -10.12pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 0.33 (EBITDA TTM 75.2m / Interest Expense TTM 11.8m) >= 6 (WARN >= 3)

Altman Z'' 4.20

(A) -0.01 = (Total Current Assets 79.4m - Total Current Liabilities 82.4m) / Total Assets 541.2m
(B) 0.57 = Retained Earnings (Balance) 310.2m / Total Assets 541.2m
(C) 0.01 = EBIT TTM 3.92m / Avg Total Assets 625.5m
(D) 2.21 = Book Value of Equity 307.4m / Total Liabilities 138.9m
Total Rating: 4.20 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 50.23

1. Piotroski 3.50pt
2. FCF Yield 11.98%
3. FCF Margin 25.95%
4. Debt/Equity 0.03
5. Debt/Ebitda -0.23
6. ROIC - WACC (= -7.60)%
7. RoE -2.36%
8. Rev. Trend -41.38%
9. EPS Trend -35.11%

What is the price of TH shares?

As of December 07, 2025, the stock is trading at USD 8.24 with a total of 564,660 shares traded.
Over the past week, the price has changed by +5.64%, over one month by +6.74%, over three months by -6.15% and over the past year by +4.30%.

Is TH a buy, sell or hold?

Target Hospitality has received a consensus analysts rating of 3.67. Therefor, it is recommend to hold TH.
  • Strong Buy: 1
  • Buy: 0
  • Hold: 2
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the TH price?

Issuer Target Up/Down from current
Wallstreet Target Price 10.5 27.4%
Analysts Target Price 10.5 27.4%
ValueRay Target Price 7.3 -11.3%

TH Fundamental Data Overview November 25, 2025

Market Cap USD = 698.5m (698.5m USD * 1.0 USD.USD)
P/E Forward = 20.1613
P/S = 2.2205
P/B = 1.7383
P/EG = 1.3444
Beta = 1.322
Revenue TTM = 314.5m USD
EBIT TTM = 3.92m USD
EBITDA TTM = 75.2m USD
Long Term Debt = 24.0m USD (from longTermDebt, two quarters ago)
Short Term Debt = 9.63m USD (from shortTermDebt, last quarter)
Debt = 13.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -17.1m USD (from netDebt column, last quarter)
Enterprise Value = 681.4m USD (698.5m + Debt 13.3m - CCE 30.4m)
Interest Coverage Ratio = 0.33 (Ebit TTM 3.92m / Interest Expense TTM 11.8m)
FCF Yield = 11.98% (FCF TTM 81.6m / Enterprise Value 681.4m)
FCF Margin = 25.95% (FCF TTM 81.6m / Revenue TTM 314.5m)
Net Margin = -3.08% (Net Income TTM -9.69m / Revenue TTM 314.5m)
Gross Margin = 26.36% ((Revenue TTM 314.5m - Cost of Revenue TTM 231.6m) / Revenue TTM)
Gross Margin QoQ = 32.53% (prev -7.16%)
Tobins Q-Ratio = 1.26 (Enterprise Value 681.4m / Total Assets 541.2m)
Interest Expense / Debt = 4.60% (Interest Expense 611.0k / Debt 13.3m)
Taxrate = -94.60% (out of range, set to none) (368.0k / -389.0k)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 0.96 (Total Current Assets 79.4m / Total Current Liabilities 82.4m)
Debt / Equity = 0.03 (Debt 13.3m / totalStockholderEquity, last quarter 402.4m)
Debt / EBITDA = -0.23 (Net Debt -17.1m / EBITDA 75.2m)
Debt / FCF = -0.21 (Net Debt -17.1m / FCF TTM 81.6m)
Total Stockholder Equity = 410.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.79% (Net Income -9.69m / Total Assets 541.2m)
RoE = -2.36% (Net Income TTM -9.69m / Total Stockholder Equity 410.0m)
RoCE = 0.90% (EBIT 3.92m / Capital Employed (Equity 410.0m + L.T.Debt 24.0m))
RoIC = 0.92% (EBIT 3.92m / (Assets 541.2m - Curr.Liab 82.4m - Cash 30.4m))
WACC = 8.52% (E(698.5m)/V(711.7m) * Re(8.68%) + (debt cost/tax rate unavailable))
Discount Rate = 8.68% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.30%
[DCF Debug] Terminal Value 68.67% ; FCFE base≈100.3m ; Y1≈68.8m ; Y5≈34.3m
Fair Price DCF = 5.99 (DCF Value 597.7m / Shares Outstanding 99.8m; 5y FCF grow -36.77% → 3.0% )
EPS Correlation: -35.11 | EPS CAGR: -46.37% | SUE: 1.53 | # QB: 1
Revenue Correlation: -41.38 | Revenue CAGR: 5.36% | SUE: 4.0 | # QB: 5
EPS next Quarter (2026-03-31): EPS=-0.07 | Chg30d=N/A | Revisions Net=+0 | Analysts=2
EPS next Year (2026-12-31): EPS=-0.23 | Chg30d=-0.073 | Revisions Net=+0 | Growth EPS=+20.0% | Growth Revenue=-18.2%

Additional Sources for TH Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle