Sotherly Hotels Inc. (SOHON) intrinsic value & 10-year financials
Sotherly Hotels Inc. (SOHON) has a Graham intrinsic value of $14.13 per share. At $3.53 on Oct 17, 2026, the stock trades 75% below that value. Over the last 10 fiscal years revenue grew 1.6% a year to $176.4M, with an average return on invested capital of 2.3%.
- Graham intrinsic value
- $14.13
- Share price (Oct 17, 2026)
- $3.53
- Price vs Graham value
- 75% below
- Market cap
- $71.4M
- Revenue (FY2025)
- $176.4M
- Revenue growth (10-yr CAGR)
- 1.6%
- ROIC (10-yr avg)
- 2.3%
- Free cash flow (FY2025)
- —
SOHON 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $176.4M | -$7.7M | -$0.77 | — | 7.2% | 3.7% |
| FY2024 | $181.9M | $1.3M | -$0.34 | — | 11.4% | 5.4% |
| FY2023 | $173.8M | $3.9M | -$0.22 | — | 10.9% | 5.4% |
| FY2022 | $166.1M | $32.5M | $1.40 | — | 12.4% | 5.7% |
| FY2021 | $127.6M | -$26.2M | -$2.15 | — | -6.3% | -2.2% |
| FY2020 | $71.5M | -$49.2M | -$4.05 | — | -41.6% | -7.3% |
| FY2019 | $185.8M | $1.9M | — | — | 9.9% | 4.3% |
| FY2018 | $178.2M | $109.9K | — | — | 11.3% | 2.6% |
| FY2017 | $154.3M | $442.5K | -$0.24 | — | 10.5% | 2.3% |
| FY2016 | $152.8M | $926.7K | -$0.01 | — | 12.2% | 2.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Sotherly Hotels Inc. has demonstrated mature, steady growth, with revenue compounding at 1.6% annually over the past decade.
Sotherly Hotels Inc. has historically struggled to out-earn its cost of capital, averaging just 2.3% ROIC.
Sotherly Hotels Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Sotherly Hotels Inc. is modeled at 1.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $14.13 per share.