Intrinsic value of Chesapeake Lodging Trust - CHSP

Previous Close

$27.96

  Intrinsic Value

$4.95

stock screener

  Rating & Target

str. sell

-82%

Previous close

$27.96

 
Intrinsic value

$4.95

 
Up/down potential

-82%

 
Rating

str. sell

Our model is not good at valuating stocks of financial companies, such as CHSP.

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of CHSP stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  6.35
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  620
  632
  647
  664
  682
  703
  726
  750
  777
  806
  837
  870
  905
  943
  983
  1,025
  1,070
  1,118
  1,168
  1,221
  1,277
  1,336
  1,399
  1,465
  1,534
  1,607
  1,684
  1,765
  1,850
  1,940
  2,034
Variable operating expenses, $m
 
  496
  507
  520
  535
  551
  569
  588
  609
  632
  656
  682
  710
  739
  770
  804
  839
  876
  916
  957
  1,001
  1,048
  1,097
  1,148
  1,203
  1,260
  1,320
  1,384
  1,450
  1,521
  1,594
Fixed operating expenses, $m
 
  26
  26
  27
  28
  28
  29
  30
  30
  31
  32
  33
  34
  34
  35
  36
  37
  38
  39
  40
  41
  42
  43
  44
  45
  46
  48
  49
  50
  51
  52
Total operating expenses, $m
  510
  522
  533
  547
  563
  579
  598
  618
  639
  663
  688
  715
  744
  773
  805
  840
  876
  914
  955
  997
  1,042
  1,090
  1,140
  1,192
  1,248
  1,306
  1,368
  1,433
  1,500
  1,572
  1,646
Operating income, $m
  110
  111
  113
  116
  120
  124
  128
  132
  137
  143
  149
  155
  162
  169
  177
  185
  194
  203
  213
  224
  235
  247
  259
  272
  286
  301
  316
  332
  350
  368
  387
EBITDA, $m
  186
  189
  193
  198
  204
  210
  217
  224
  233
  242
  252
  262
  273
  285
  298
  311
  325
  341
  357
  374
  392
  411
  431
  452
  474
  498
  523
  549
  577
  606
  637
Interest expense (income), $m
  31
  30
  31
  32
  33
  34
  35
  36
  38
  39
  41
  42
  44
  46
  48
  51
  53
  55
  58
  61
  64
  67
  70
  74
  78
  81
  86
  90
  94
  99
  104
Earnings before tax, $m
  79
  81
  83
  85
  87
  90
  93
  96
  100
  104
  108
  113
  118
  123
  129
  135
  141
  148
  155
  163
  171
  180
  189
  198
  209
  219
  231
  243
  255
  269
  283
Tax expense, $m
  2
  22
  22
  23
  24
  24
  25
  26
  27
  28
  29
  30
  32
  33
  35
  36
  38
  40
  42
  44
  46
  48
  51
  54
  56
  59
  62
  66
  69
  73
  76
Net income, $m
  77
  59
  60
  62
  64
  66
  68
  70
  73
  76
  79
  82
  86
  90
  94
  98
  103
  108
  113
  119
  125
  131
  138
  145
  152
  160
  168
  177
  186
  196
  206

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  43
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,035
  2,033
  2,080
  2,134
  2,194
  2,260
  2,333
  2,413
  2,499
  2,591
  2,691
  2,797
  2,911
  3,032
  3,160
  3,296
  3,441
  3,594
  3,755
  3,926
  4,107
  4,297
  4,498
  4,709
  4,932
  5,167
  5,414
  5,675
  5,948
  6,236
  6,539
Adjusted assets (=assets-cash), $m
  1,992
  2,033
  2,080
  2,134
  2,194
  2,260
  2,333
  2,413
  2,499
  2,591
  2,691
  2,797
  2,911
  3,032
  3,160
  3,296
  3,441
  3,594
  3,755
  3,926
  4,107
  4,297
  4,498
  4,709
  4,932
  5,167
  5,414
  5,675
  5,948
  6,236
  6,539
Revenue / Adjusted assets
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
  0.311
Average production assets, $m
  1,941
  1,980
  2,026
  2,078
  2,136
  2,201
  2,272
  2,349
  2,433
  2,523
  2,620
  2,724
  2,834
  2,952
  3,077
  3,210
  3,350
  3,499
  3,657
  3,823
  3,999
  4,184
  4,380
  4,586
  4,803
  5,031
  5,272
  5,526
  5,792
  6,073
  6,368
Working capital, $m
  8
  -35
  -36
  -37
  -38
  -39
  -41
  -42
  -44
  -45
  -47
  -49
  -51
  -53
  -55
  -57
  -60
  -63
  -65
  -68
  -72
  -75
  -78
  -82
  -86
  -90
  -94
  -99
  -104
  -109
  -114
Total debt, $m
  737
  755
  775
  798
  823
  852
  883
  916
  953
  992
  1,035
  1,080
  1,128
  1,179
  1,234
  1,292
  1,353
  1,418
  1,487
  1,560
  1,636
  1,717
  1,803
  1,892
  1,987
  2,087
  2,192
  2,303
  2,419
  2,541
  2,670
Total liabilities, $m
  847
  864
  884
  907
  932
  961
  992
  1,025
  1,062
  1,101
  1,144
  1,189
  1,237
  1,288
  1,343
  1,401
  1,462
  1,527
  1,596
  1,669
  1,745
  1,826
  1,912
  2,001
  2,096
  2,196
  2,301
  2,412
  2,528
  2,650
  2,779
Total equity, $m
  1,189
  1,169
  1,196
  1,227
  1,261
  1,300
  1,342
  1,387
  1,437
  1,490
  1,547
  1,608
  1,674
  1,743
  1,817
  1,895
  1,978
  2,066
  2,159
  2,258
  2,361
  2,471
  2,586
  2,708
  2,836
  2,971
  3,113
  3,263
  3,420
  3,586
  3,760
Total liabilities and equity, $m
  2,036
  2,033
  2,080
  2,134
  2,193
  2,261
  2,334
  2,412
  2,499
  2,591
  2,691
  2,797
  2,911
  3,031
  3,160
  3,296
  3,440
  3,593
  3,755
  3,927
  4,106
  4,297
  4,498
  4,709
  4,932
  5,167
  5,414
  5,675
  5,948
  6,236
  6,539
Debt-to-equity ratio
  0.620
  0.650
  0.650
  0.650
  0.650
  0.660
  0.660
  0.660
  0.660
  0.670
  0.670
  0.670
  0.670
  0.680
  0.680
  0.680
  0.680
  0.690
  0.690
  0.690
  0.690
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.710
  0.710
  0.710
  0.710
Adjusted equity ratio
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575
  0.575

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  77
  59
  60
  62
  64
  66
  68
  70
  73
  76
  79
  82
  86
  90
  94
  98
  103
  108
  113
  119
  125
  131
  138
  145
  152
  160
  168
  177
  186
  196
  206
Depreciation, amort., depletion, $m
  76
  78
  79
  81
  84
  86
  89
  92
  95
  99
  103
  107
  111
  116
  121
  126
  131
  137
  143
  150
  157
  164
  172
  180
  188
  197
  207
  217
  227
  238
  250
Funds from operations, $m
  158
  137
  140
  143
  147
  152
  157
  162
  168
  175
  182
  189
  197
  206
  215
  224
  234
  245
  257
  269
  282
  295
  309
  325
  341
  357
  375
  394
  413
  434
  456
Change in working capital, $m
  -2
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
Cash from operations, $m
  160
  137
  140
  144
  148
  153
  158
  164
  170
  176
  183
  191
  199
  208
  217
  227
  237
  248
  259
  272
  285
  298
  313
  328
  344
  361
  379
  398
  418
  439
  461
Maintenance CAPEX, $m
  0
  -76
  -78
  -79
  -81
  -84
  -86
  -89
  -92
  -95
  -99
  -103
  -107
  -111
  -116
  -121
  -126
  -131
  -137
  -143
  -150
  -157
  -164
  -172
  -180
  -188
  -197
  -207
  -217
  -227
  -238
New CAPEX, $m
  -32
  -39
  -46
  -52
  -58
  -65
  -71
  -77
  -84
  -90
  -97
  -104
  -111
  -118
  -125
  -133
  -141
  -149
  -157
  -166
  -176
  -185
  -195
  -206
  -217
  -229
  -241
  -253
  -267
  -281
  -295
Cash from investing activities, $m
  -26
  -115
  -124
  -131
  -139
  -149
  -157
  -166
  -176
  -185
  -196
  -207
  -218
  -229
  -241
  -254
  -267
  -280
  -294
  -309
  -326
  -342
  -359
  -378
  -397
  -417
  -438
  -460
  -484
  -508
  -533
Free cash flow, $m
  134
  22
  17
  13
  8
  4
  1
  -3
  -6
  -9
  -12
  -15
  -18
  -21
  -24
  -27
  -30
  -32
  -35
  -38
  -41
  -44
  -47
  -49
  -52
  -56
  -59
  -62
  -65
  -68
  -72
Issuance/(repayment) of debt, $m
  -33
  18
  20
  23
  26
  28
  31
  34
  37
  39
  42
  45
  48
  51
  55
  58
  61
  65
  69
  73
  77
  81
  85
  90
  95
  100
  105
  111
  116
  122
  129
Issuance/(repurchase) of shares, $m
  -3
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -37
  18
  20
  23
  26
  28
  31
  34
  37
  39
  42
  45
  48
  51
  55
  58
  61
  65
  69
  73
  77
  81
  85
  90
  95
  100
  105
  111
  116
  122
  129
Total cash flow (excl. dividends), $m
  97
  40
  37
  35
  34
  33
  32
  31
  30
  30
  30
  30
  30
  30
  31
  31
  32
  33
  34
  35
  36
  37
  39
  40
  42
  44
  46
  49
  51
  54
  57
Retained Cash Flow (-), $m
  21
  -23
  -27
  -31
  -35
  -38
  -42
  -46
  -49
  -53
  -57
  -61
  -65
  -70
  -74
  -78
  -83
  -88
  -93
  -98
  -104
  -109
  -115
  -122
  -128
  -135
  -142
  -150
  -157
  -166
  -174
Prev. year cash balance distribution, $m
 
  43
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  60
  10
  5
  -1
  -5
  -10
  -15
  -19
  -23
  -27
  -31
  -35
  -39
  -43
  -47
  -51
  -55
  -59
  -64
  -68
  -72
  -77
  -81
  -86
  -91
  -96
  -101
  -106
  -112
  -117
Discount rate, %
 
  6.70
  7.04
  7.39
  7.76
  8.14
  8.55
  8.98
  9.43
  9.90
  10.39
  10.91
  11.46
  12.03
  12.63
  13.27
  13.93
  14.63
  15.36
  16.12
  16.93
  17.78
  18.67
  19.60
  20.58
  21.61
  22.69
  23.82
  25.01
  26.26
  27.58
PV of cash for distribution, $m
 
  56
  9
  4
  0
  -4
  -6
  -8
  -9
  -10
  -10
  -10
  -10
  -9
  -8
  -7
  -6
  -5
  -5
  -4
  -3
  -2
  -2
  -1
  -1
  -1
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Chesapeake Lodging Trust is a real estate investment trust. The Company is focused on investments primarily in upper-upscale hotels in various business and convention markets and, on a selective basis, select-service hotels in urban settings or other locations in the United States. The Company operates through the hotel ownership segment. The Company conducts its operations primarily though Chesapeake Lodging, L.P., its operating partnership (the Operating Partnership). As of February 17, 2017, the Company owned 22 hotels. As of February 17, 2017, the Company's portfolio included Hyatt Regency Boston; Hilton Checkers Los Angeles; Boston Marriott Newton; Le Meridien San Francisco; Hotel Indigo San Diego Gaslamp Quarter; Courtyard Washington Capitol Hill/Navy Yard; Hotel Adagio San Francisco, Autograph Collection; Denver Marriott City Center; Hyatt Herald Square New York, and Ace Hotel and Theater Downtown Los Angeles. As of February 17, 2017, the Company's hotels had 6,694 rooms.

FINANCIAL RATIOS  of  Chesapeake Lodging Trust (CHSP)

Valuation Ratios
P/E Ratio 21.7
Price to Sales 2.7
Price to Book 1.4
Price to Tangible Book
Price to Cash Flow 10.4
Price to Free Cash Flow 13
Growth Rates
Sales Growth Rate 6.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -89%
Cap. Spend. - 3 Yr. Gr. Rate -38.3%
Financial Strength
Quick Ratio NaN
Current Ratio 0.3
LT Debt to Equity 62%
Total Debt to Equity 62%
Interest Coverage 4
Management Effectiveness
Return On Assets 5.2%
Ret/ On Assets - 3 Yr. Avg. 5.2%
Return On Total Capital 3.9%
Ret/ On T. Cap. - 3 Yr. Avg. 3.9%
Return On Equity 6.4%
Return On Equity - 3 Yr. Avg. 6.1%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 32.9%
Gross Margin - 3 Yr. Avg. 32.6%
EBITDA Margin 30%
EBITDA Margin - 3 Yr. Avg. 29.5%
Operating Margin 17.7%
Oper. Margin - 3 Yr. Avg. 17.5%
Pre-Tax Margin 12.7%
Pre-Tax Margin - 3 Yr. Avg. 12.5%
Net Profit Margin 12.4%
Net Profit Margin - 3 Yr. Avg. 12.3%
Effective Tax Rate 2.5%
Eff/ Tax Rate - 3 Yr. Avg. 1.8%
Payout Ratio 135.1%

CHSP stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CHSP stock intrinsic value calculation we used $620 million for the last fiscal year's total revenue generated by Chesapeake Lodging Trust. The default revenue input number comes from 2016 income statement of Chesapeake Lodging Trust. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CHSP stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 6.7%, whose default value for CHSP is calculated based on our internal credit rating of Chesapeake Lodging Trust, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Chesapeake Lodging Trust.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CHSP stock the variable cost ratio is equal to 78.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $25 million in the base year in the intrinsic value calculation for CHSP stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 4.1% for Chesapeake Lodging Trust.

Corporate tax rate of 27% is the nominal tax rate for Chesapeake Lodging Trust. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CHSP stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CHSP are equal to 313.1%.

Life of production assets of 25.5 years is the average useful life of capital assets used in Chesapeake Lodging Trust operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CHSP is equal to -5.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1189 million for Chesapeake Lodging Trust - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 60.022 million for Chesapeake Lodging Trust is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Chesapeake Lodging Trust at the current share price and the inputted number of shares is $1.7 billion.

RELATED COMPANIES Price Int.Val. Rating
AHT Ashford Hospit 6.67 20.77  str.buy
SOHO Sotherly Hotel 6.84 4.87  hold
AHP Ashford Hospit 9.77 4.27  str.sell
RLJ RLJ Lodging Tr 21.42 4.77  str.sell
LHO LaSalle Hotel 28.35 5.65  str.sell
HPT Hospitality Pr 29.90 4.76  str.sell
HT Hersha Hospita 17.53 4.99  str.sell

COMPANY NEWS

▶ Chesapeake Lodging reports 3Q results   [Nov-02-17 09:41AM  Associated Press]
▶ Chesapeake Lodging Tr Sees IBD RS Rating Improve To 73   [Oct-26-17 03:00AM  Investor's Business Daily]
▶ Big downtown Denver hotel gets a new brand, new management   [Sep-19-17 07:03PM  American City Business Journals]
▶ Chesapeake Lodging reports 2Q results   [Aug-02-17 10:56PM  Associated Press]
▶ 2 Bargain Hotel REITs To Buy, 1 To Sell   [May-07-17 09:33AM  Forbes]
▶ Chesapeake Lodging reports 1Q results   [Apr-25-17 05:33PM  Associated Press]
▶ 3 Undervalued Companies   [Feb-23-17 02:33PM  GuruFocus.com]
▶ Chesapeake Lodging reports 4Q results   [Feb-22-17 06:02PM  Associated Press]
▶ Three Value Stocks With Turnaround Potential In 2017   [Feb-01-17 06:12PM  at Forbes]
▶ Should You Buy Chesapeake Lodging Trust (CHSP)?   [02:27AM  at Insider Monkey]
▶ [$$] Dividend Investors Should Check Into Hotel Stocks   [Jul-13-16 05:37PM  at Barrons.com]
Financial statements of CHSP
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.