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DCF valuation

What is Xenia Hotels & Resorts, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Xenia Hotels & Resorts, Inc.'s reported free cash flow gives $17.74 per share. The share price was $18.17 on September 25, 2026, 2% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$89.9M
Average free cash flow, last 5 years
$63.2M
Cash
$112.4M
balance sheet of June 30, 2026
Debt
$1.36B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
97,162,875
Revenue growth per year, last 5 years
23.9%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$5.74-68%
Base15.0%9.0%2.5%9.0%$17.74-2%
Bull20.0%11.5%3.0%8.0%$40.08+121%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$26.82$29.65$33.12$37.44$43.00
8.0%$20.00$21.84$24.01$26.61$29.79
9.0%$15.04$16.29$17.74$19.43$21.43
10.0%$11.27$12.16$13.18$14.33$15.67
11.0%$8.33$8.98$9.71$10.54$11.47

Where the presets come from

Base: years 1 to 5 grow at Xenia Hotels & Resorts, Inc.'s revenue growth rate over the last 5 fiscal years (23.9% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Xenia Hotels & Resorts, Inc. company page