Acquired by The Blackstone Group and was taken private in June 2021
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STAY - Extended Stay America, Inc.

NASDAQ -> Consumer Cyclical -> Lodging
Type: Equity

STAY price evolution
STAY
(in millions $) 31 Mar 2021 31 Dec 2020 30 Sep 2020 30 Jun 2020
Current assets
Cash $371.01 $409.92 $396.38 $682.45
Short term investments
Net receivables $14.03 $13.71 $14.55 $13.4
Inventory
Total current assets $385.04 $423.63 $410.93 $695.84
Long term investments
Property, plant & equipment $3414.49 $3445.95 $3473.82 $3487.34
Goodwill & intangible assets $79.94 $79.15 $77.6 $78.21
Total noncurrent assets $3635.31 $3665.52 $3659 $3652.4
Total investments
Total assets $4020.35 $4089.15 $4069.93 $4348.24
Current liabilities
Accounts payable $229.32 $253.2 $248.06 $208.39
Deferred revenue
Short long term debt
Total current liabilities $841.82 $866.87 $862.9 $824.39
Long term debt $2031.43 $2069.95 $2068.48 $2417.01
Total noncurrent liabilities $2043.88 $2084.84 $2072.89 $2421.48
Total debt $2647.54 $2687.29 $2687.02 $3036.78
Total liabilities $2885.69 $2951.71 $2935.79 $3245.87
Shareholders' equity
Retained earnings -$42.73 -$44.66 -$51.52 -$75.75
Other shareholder equity -$0.1 -$0.21 -$0.32 -$0.49
Total shareholder equity $685.02 $682.77 $676.4 $650.42
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Current assets
Cash $409.92 $361.67 $303.34 $150.97
Short term investments
Net receivables $13.71 $14.02 $19.77 $21.58
Inventory
Total current assets $423.63 $375.69 $323.11 $172.55
Long term investments
Property, plant & equipment $3445.95 $3493.55 $3453.63 $3753.13
Goodwill & intangible assets $79.15 $79.38 $73.91 $75.91
Total noncurrent assets $3665.52 $3654.91 $3601.11 $3903.45
Total investments
Total assets $4089.15 $4030.6 $3924.21 $4076.01
Current liabilities
Accounts payable $253.2 $211.18 $210.93 $188.26
Deferred revenue
Short long term debt
Total current liabilities $866.87 $829.52 $1329.29 $1453.37
Long term debt $2069.95 $2014.3 $1273.79 $1269.66
Total noncurrent liabilities $2084.84 $2024.81 $1284.28 $1276.79
Total debt $2687.29 $2636.01 $2395.51 $2534.77
Total liabilities $2951.71 $2854.33 $2613.57 $2730.16
Shareholders' equity
Retained earnings -$44.66 -$48.28 $32.43 $6.92
Other shareholder equity -$0.21 $0.38 $2.49 $3.07
Total shareholder equity $682.77 $696.29 $786.02 $780.58
(in millions $) 31 Mar 2021 31 Dec 2020 30 Sep 2020 30 Jun 2020
Revenue
Total revenue $259.57 $259.29 $285.89 $230.83
Cost of revenue $148.78 $153.23 $153.51 $137.52
Gross Profit $110.79 $106.06 $132.38 $93.32
Operating activities
Research & development
Selling, general & administrative $24.12 $21.94 $23.19 $23.1
Total operating expenses $66.3 $21.58 $75.9 $74.82
Operating income $44.49 $84.48 $56.48 $18.5
Income from continuing operations
EBIT $34.13 $25.98 $49.36 $15.21
Income tax expense $0.75 -$12.43 -$7.13 -$6.05
Interest expense $31.46 $31.55 $32.28 $33.62
Net income
Net income $1.92 $6.86 $24.22 -$12.36
Income (for common shares) $1.92 $6.86 $24.22 -$12.36
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Revenue
Total revenue $1042.32 $1218.22 $1275.06 $1282.72
Cost of revenue $593.76 $601.19 $596.25 $585.54
Gross Profit $448.56 $617.03 $678.81 $697.18
Operating activities
Research & development
Selling, general & administrative $92.17 $95.16 $91.09 $94.65
Total operating expenses $246.76 $295.23 $301.55 $339.06
Operating income $201.8 $321.79 $377.27 $358.12
Income from continuing operations
EBIT $128.9 $226.75 $279.81 $268.13
Income tax expense -$24.5 $29.32 $42.08 $59.51
Interest expense $130.13 $127.76 $124.87 $129.77
Net income
Net income $23.27 $69.67 $112.86 $78.85
Income (for common shares) $23.27 $69.67 $112.86 $78.85
(in millions $) 31 Mar 2021 31 Dec 2020 30 Sep 2020 30 Jun 2020
Net income $1.92 $6.86 $24.22 -$12.36
Operating activities
Depreciation $49.41 $52.16 $52.29 $51.04
Business acquisitions & disposals
Stock-based compensation $2.35 $1.86 $1.66 $1.86
Total cash flows from operations $91.35 $1.52 $106.91 $18.03
Investing activities
Capital expenditures -$6.93 $15.24 -$39.56 -$50.63
Investments
Total cash flows from investing -$8.51 $16.16 -$39.6 -$50.7
Financing activities
Dividends paid -$78.49 -$1.82 -$1.78 -$1.77
Sale and purchase of stock
Net borrowings -$41.62 -$1.61 -$351.56 -$1.76
Total cash flows from financing -$121.75 -$4.15 -$353.39 -$9.97
Effect of exchange rate $0.01 $0.01 $0.07
Change in cash and equivalents -$38.91 $13.54 -$286.07 -$42.56
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Net income $23.27 $69.67 $112.86 $78.85
Operating activities
Depreciation $206.01 $197.4 $209.33 $229.22
Business acquisitions & disposals
Stock-based compensation $6.51 $6.91 $8.32 $7.55
Total cash flows from operations $218.75 $399.95 $449.85 $444.17
Investing activities
Capital expenditures -$129.18 -$261.29 $99.79 -$102.44
Investments
Total cash flows from investing -$127.77 -$259.81 $106.28 -$115.16
Financing activities
Dividends paid -$46.77 -$170.39 -$165.8 -$158.97
Sale and purchase of stock -$31.09 -$130.72 -$85.41 -$62.32
Net borrowings $43.19 $221.93 -$148.4 -$61.19
Total cash flows from financing -$42.68 -$81.88 -$403.61 -$300.12
Effect of exchange rate -$0.05 $0.07 -$0.16 $0.29
Change in cash and equivalents $48.25 $58.33 $152.36 $29.18
Fundamentals
Market cap $3.51B
Enterprise value $5.78B
Shares outstanding 177.73M
Revenue $1.04B
EBITDA $329.58M
EBIT $124.68M
Net Income $20.63M
Revenue Q/Q -2.53%
Revenue Y/Y -14.19%
P/E ratio 0.00
EV/Sales 5.58
EV/EBITDA 17.55
EV/EBIT 46.38
P/S ratio 3.39
P/B ratio 0.00
Book/Share 3.85
Cash/Share 2.09
EPS $0.12
ROA 0.50%
ROE 3.06%
Debt/Equity 4.32
Net debt/EBITDA 7.63
Current ratio 0.46
Quick ratio 0.46