Projected Income Statement: American Homes 4 Rent

Forecast Balance Sheet: American Homes 4 Rent

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 3,832 4,447 4,402 4,811 4,987 5,073 5,321 5,450
Change - 16.05% -1.01% 9.29% 3.66% 1.72% 4.89% 2.42%
Announcement Date 2/24/22 A 2/23/23 A 2/22/24 A 2/20/25 A 2/19/26 A - - -
1USD in Million
Estimates

Cash Flow Forecast: American Homes 4 Rent

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 - - 1,154 1,498 993 860.8 833.4 775.9
Change - - - 29.75% -33.7% -13.3% -3.19% -6.9%
Free Cash Flow (FCF) 1 543.1 599.9 604.5 689.8 - - - -
Change - 10.46% 0.77% 14.11% - - - -
Announcement Date 2/24/22 A 2/23/23 A 2/22/24 A 2/20/25 A 2/19/26 A - - -
1USD in Million
Estimates

Forecast Financial Ratios: American Homes 4 Rent

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 50.65% 49.26% 49.84% 52.76% 52.34% 53.32% 53.68% 53.52%
EBIT Margin (%) 22.05% 22.22% 21.72% 23.18% 25.08% 25.93% 26.8% 28.06%
EBT Margin (%) 16.15% 20.8% 26.62% 27.08% 27.75% 22.05% 19.43% 20.82%
Net margin (%) 10.38% 16.82% 22.56% 23.05% 23.73% 19.95% 14.97% 13.31%
FCF margin (%) 41.65% 40.25% 37.23% 39.9% - - - -
FCF / Net Income (%) 401.41% 239.21% 165.07% 173.1% - - - -

Profitability

        
ROA 1.32% 2.36% 2.95% 3.06% 3.3% 2.54% 1.6% 1.85%
ROE 2.28% 4.35% 5.44% 5.64% 6.19% 3.62% 3.55% 4.18%

Financial Health

        
Leverage (Debt/EBITDA) 5.8x 6.06x 5.44x 5.27x 5.15x 4.99x 5.03x 4.92x
Debt / Free cash flow 7.06x 7.41x 7.28x 6.98x - - - -

Capital Intensity

        
CAPEX / Current Assets (%) - - 71.09% 86.63% 53.67% 45.19% 42.28% 37.48%
CAPEX / EBITDA (%) - - 142.62% 164.18% 102.53% 84.75% 78.78% 70.03%
CAPEX / FCF (%) - - 190.92% 217.11% - - - -

Items per share

        
Cash flow per share 1 1.828 1.66 1.785 2.205 2.33 2.236 2.282 2.355
Change - -9.21% 7.52% 23.55% 5.67% -4.03% 2.03% 3.22%
Dividend per Share 1 0.4 0.72 0.88 1.04 1.2 1.317 1.389 1.46
Change - 80% 22.22% 18.18% 15.38% 9.72% 5.46% 5.14%
Book Value Per Share 1 17.93 18.38 19.09 19.37 19.18 16.96 17.64 17.45
Change - 2.52% 3.88% 1.46% -0.97% -11.58% 4% -1.09%
EPS 1 0.41 0.71 1.01 1.08 1.18 0.954 0.7766 0.6889
Change - 73.17% 42.25% 6.93% 9.26% -19.15% -18.6% -11.28%
Nbr of stocks (in thousands) 334,396 353,445 362,056 369,507 371,106 359,815 359,815 359,815
Announcement Date 2/24/22 A 2/23/23 A 2/22/24 A 2/20/25 A 2/19/26 A - - -
1USD
Estimates
2026 *2027 *
P/E 36.5x 44.8x
PBR 2.05x 1.97x
EV / Sales 9.24x 9.06x
Yield 3.78% 3.99%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
24
Last Close Price
34.81USD
Average target price
37.16USD
Spread / Average Target
+6.75%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. AMH Stock
  4. AMH.PRG Stock
  5. Financials American Homes 4 Rent