TH Stock Analysis: Target Hospitality | NASDAQ
Specialty Business Services | NASDAQ, USA | Market Cap: 2.075m USD | 12M Return: 134.7% | US87615L1070 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 35.9M
Qual. Beats: 0
Rev. Trend: -91.5%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 8.5 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: -37.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 5.38 > 1.0 |
| NWC/Revenue: -10.07% < 20% (prev 8.51%; Δ -18.59% < -1%) |
| CFO/TA 0.26 > 3% & CFO 170.1m > Net Income -37.7m |
| Net Debt (48.1m) to EBITDA (46.0m): 1.04 < 3 |
| Current Ratio: 0.65 > 1.5 & < 3 |
| Outstanding Shares: last quarter (100.2m) vs 12m ago 0.82% < -2% |
| Gross Margin: 7.32% > 18% (prev 27.41%; Δ -20.10% > 0.5%) |
| Asset Turnover: 58.48% > 50% (prev 58.16%; Δ 0.33% > 0%) |
| Interest Coverage Ratio: -11.17 > 6 (EBIT TTM -33.2m / Interest Expense TTM 2.97m) |
| A: -0.05 (Total Current Assets 63.9m - Total Current Liabilities 98.9m) / Total Assets 654.2m |
| B: 0.42 (Retained Earnings 273.3m / Total Assets 654.2m) |
| C: -0.06 (EBIT TTM -33.2m / Avg Total Assets 594.0m) |
| D: 1.30 (Book Value of Equity 370.1m / Total Liabilities 284.4m) |
| Altman-Z'' = 2.00 = BBB |
| DSRI: 0.78 (Receivables 50.4m/57.4m, Revenue 347.4m/310.4m) |
| GMI: 3.75 (GM 27.41% / 7.32%) |
| AQI: 5.01 (AQ_t 0.83 / AQ_t-1 0.17) |
| SGI: 1.12 (Revenue 347.4m / 310.4m) |
| TATA: -0.32 (NI -37.7m - CFO 170.1m) / TA 654.2m) |
| Beneish M = 1.71 (Cap -4..+1) = D |
As of September 25, 2026, the stock is trading at USD 21.45 with a total of 2,762,840 shares traded. Over the past week, the price has changed by +3.32%, over one month by +20.30%, over three months by +7.20% and over the past year by +134.68%.
Current recommended Stop Loss: 19.50 (which is 9.1% or 2.1 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 | 25.2 | 17.5% |
P/E Forward = 24.6914
P/S = 5.9739
P/B = 5.4904
P/EG = 1.6468
Revenue TTM = 347.4m USD
EBIT TTM = -33.2m USD
EBITDA TTM = 46.0m USD
Long Term Debt = 40.0m USD (from longTermDebt, last quarter)
Short Term Debt = 5.84m USD (from shortTermDebt, last quarter)
Debt = 54.1m USD (corrected: LT Debt 40.0m + ST Debt 5.84m) + Leases 8.28m
Net Debt = 48.1m USD (calculated: Debt 54.1m - CCE 6.07m)
Enterprise Value = 2.12b USD (2.08b + Debt 54.1m - CCE 6.07m)
Interest Coverage Ratio = -11.17 (Ebit TTM -33.2m / Interest Expense TTM 2.97m)
EV/FCF = 23.85x (Enterprise Value 2.12b / FCF TTM 89.0m)
FCF Yield = 4.19% (FCF TTM 89.0m / Enterprise Value 2.12b)
FCF Margin = 25.63% (FCF TTM 89.0m / Revenue TTM 347.4m)
Net Margin = -10.85% (Net Income TTM -37.7m / Revenue TTM 347.4m)
Gross Margin = 7.32% ((Revenue TTM 347.4m - Cost of Revenue TTM 321.9m) / Revenue TTM)
Gross Margin QoQ = 18.49% (prev -0.69%)
Tobins Q-Ratio = 3.25 (Enterprise Value 2.12b / Total Assets 654.2m)
Interest Expense / Debt = 5.49% (Interest Expense 2.97m / Debt 54.1m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -26.2m (EBIT -33.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.65 (Total Current Assets 63.9m / Total Current Liabilities 98.9m)
Debt / Equity = 0.15 (Debt 54.1m / totalStockholderEquity, last quarter 370.1m)
Debt / EBITDA = 1.04 (Net Debt 48.1m / EBITDA 46.0m)
Debt / FCF = 0.54 (Net Debt 48.1m / FCF TTM 89.0m)
Total Stockholder Equity = 384.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -6.34% (Net Income -37.7m / Total Assets 654.2m)
RoE = -9.80% (Net Income TTM -37.7m / Total Stockholder Equity 384.7m)
RoCE = -7.82% (EBIT -33.2m / Capital Employed (Equity 384.7m + L.T.Debt 40.0m))
RoIC = -4.73% (negative operating profit) (NOPAT -26.2m / Invested Capital 555.1m)
WACC = 9.21% (E(2.08b)/V(2.13b) * Re(9.34%) + D(54.1m)/V(2.13b) * Rd(5.49%) * (1-Tc(0.21)))
Discount Rate = 9.34% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -67.59 | Cagr: -0.94%
[DCF] Terminal Value 75.23% ; FCFF base≈71.0m ; Y1≈81.4m ; Y5≈119.7m
[DCF] Fair Price = 15.48 (EV 1.56b - Net Debt 48.1m = Equity 1.52b / Shares 97.9m; r=9.21% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.20 | # QB: 0
Revenue Correlation: -91.54 | Revenue CAGR: -21.62% | SUE: 1.33 | # QB: 1
EPS current Quarter (2026-09-30): EPS=-0.01 | Chg30d=+89.63% | Revisions=-40% | Analysts=3
EPS current Year (2026-12-31): EPS=-0.03 | Chg30d=+84.02% | Revisions=+0% | GrowthEPS=+86.4% | GrowthRev=+37.0%
EPS next Year (2027-12-31): EPS=0.91 | Chg30d=+28.03% | Revisions=+50% | GrowthEPS=+3060.5% | GrowthRev=+71.1%
[Analyst] Revisions Ratio: +10% (up=4, down=3)