Company Valuation: American Homes 4 Rent

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 14,583 10,653 13,020 13,827 11,912 12,424 - -
Change - -26.95% 22.22% 6.2% -13.85% 4.3% - -
Enterprise Value (EV) 1 18,415 15,100 17,422 18,638 16,900 17,526 17,722 17,777
Change - -18% 15.38% 6.98% -9.33% 3.71% 1.12% 0.31%
P/E 106x 42.5x 35.6x 34.6x 27.2x 39.1x 45x 50.3x
PBR 2.43x 1.64x 1.88x 1.93x 1.67x 1.96x 1.96x 1.99x
PEG - 0.6x 0.8x 4.99x 2.94x -1.6x -3.4x -4.8x
Capitalization / Revenue 11.2x 7.15x 8.02x 8x 6.44x 6.53x 6.33x 6.05x
EV / Revenue 14.1x 10.1x 10.7x 10.8x 9.13x 9.22x 9.02x 8.66x
EV / EBITDA 27.9x 20.6x 21.5x 20.4x 17.4x 17.4x 16.9x 16.3x
EV / EBIT 64x 45.6x 49.4x 46.5x 36.4x 34.5x 33.5x 30.6x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.4 0.72 0.88 1.04 1.2 1.32 1.382 1.444
Rate of return 0.92% 2.39% 2.45% 2.78% 3.74% 3.82% 4% 4.18%
EPS 2 0.41 0.71 1.01 1.08 1.18 0.8825 0.7673 0.6866
Distribution rate 97.6% 101% 87.1% 96.3% 102% 150% 180% 210%
Net sales 1 1,304 1,491 1,624 1,729 1,850 1,901 1,964 2,054
EBITDA 1 660.4 734.2 809.3 912.1 968.5 1,008 1,047 1,093
EBIT 1 287.5 331.2 352.7 400.7 464.1 508.7 529 581
Net income 1 135.3 250.8 366.2 398.5 439 338.7 288.1 284.1
Net Debt 1 3,832 4,447 4,402 4,811 4,987 5,102 5,298 5,353
Reference price 2 43.61 30.14 35.96 37.42 32.10 34.53 34.53 34.53
Nbr of stocks (in thousands) 334,396 353,445 362,056 369,507 371,106 359,815 - -
Announcement Date 2/24/22 A 2/23/23 A 2/22/24 A 2/20/25 A 2/19/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
34.93x11.6x19.07x3.76% 26.99B
51.39x10.63x17.91x4.15% 25.38B
48.78x13.03x19.62x3.6% 18.46B
35.97x8.96x16.93x3.94% 18B
36.1x9.63x17.15x4.61% 15.46B
55.84x8.59x19.47x3.65% 14.82B
31.62x10.08x20.62x3.34% 12.6B
41.16x10.7x18.02x4.51% 12.38B
98.43x9.7x17.62x3.82% 11.39B
Average 48.25x 10.32x 18.49x 3.93% 17.27B
Weighted average by Cap. 46.37x 10.49x 18.48x 3.93%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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