Overview Dividends

(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

Hotels, Resorts & Cruise Lines
Market Cap in USD: 840m

IPO / Inception: 2013-07-25
Return 12m vs S&P 500: -27.8%

EPS (Earnings per Share)

EPS CAGR: -46.37%
EPS Trend: -35.1%

Last SUE: 1.53
Qual. Beats: 1

Revenue

Rev. CAGR: 5.36%
Rev. Trend: -41.4%

Last SUE: 4.00
Qual. Beats: 5

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	91.4%
Value at Risk 5%th	87.2%
Relative Tail Risk	-42.00%

Reward TTM
Sharpe Ratio	0.04
Alpha	-29.24
CAGR/Max DD	-0.26

Character TTM
Hurst Exponent	0.497
Beta	0.737
Beta Downside	0.667

Drawdowns 3y
Max DD	71.94%
Mean DD	42.26%
Median DD	47.17%

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

(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) 50.10

1. Piotroski 3.50pt

2. FCF Yield 9.92%

3. FCF Margin 25.95%

4. Debt/Equity 0.03

5. Debt/Ebitda -0.23

6. ROIC - WACC (= -7.68)%

7. RoE -2.36%

8. Rev. Trend -41.38%

9. EPS Trend -35.11%

What is the price of TH shares?

As of January 01, 2026, the stock is trading at USD 8.11 with a total of 310,745 shares traded.
Over the past week, the price has changed by -2.64%, over one month by +2.27%, over three months by -6.24% and over the past year by -14.63%.

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	29.5%
Analysts Target Price	10.5	29.5%
ValueRay Target Price	7.7	-5.5%

TH Fundamental Data Overview December 27, 2025

Market Cap USD = 840.1m (840.1m USD * 1.0 USD.USD)
P/E Forward = 20.1613
P/S = 2.671
P/B = 2.088
P/EG = 1.3444
Beta = 1.325
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 = 823.0m USD (840.1m + Debt 13.3m - CCE 30.4m)
Interest Coverage Ratio = 0.33 (Ebit TTM 3.92m / Interest Expense TTM 11.8m)
FCF Yield = 9.92% (FCF TTM 81.6m / Enterprise Value 823.0m)
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 = 1.52 (Enterprise Value 823.0m / 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 = 8.59% (E(840.1m)/V(853.4m) * Re(8.73%) + (debt cost/tax rate unavailable))
Discount Rate = 8.73% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.30%
[DCF Debug] Terminal Value 68.45% ; FCFE base≈100.3m ; Y1≈68.8m ; Y5≈34.3m
Fair Price DCF = 5.94 (DCF Value 593.0m / 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=+0.000 | Revisions Net=+0 | Analysts=2
EPS next Year (2026-12-31): EPS=-0.19 | Chg30d=+0.040 | Revisions Net=+0 | Growth EPS=+34.1% | Growth Revenue=-14.6%

Additional Sources for TH Stock

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