Financials American Homes 4 Rent Nyse

Equities

AMH.PRH

US02665T8687

Residential REITs

Market Closed - Nyse 04:10:00 2024-06-14 pm EDT 5-day change 1st Jan Change
23.44 USD -2.74% Intraday chart for American Homes 4 Rent -1.10% -7.50%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,882 9,488 14,583 10,653 13,020 12,982 - -
Enterprise Value (EV) 1 10,678 12,168 18,415 15,100 17,422 17,246 17,290 16,897
P/E ratio 90.4 x 107 x 106 x 42.5 x 35.6 x 51.2 x 51.4 x 53.3 x
Yield 0.76% 0.67% 0.92% 2.39% 2.45% 2.94% 3.11% 3.31%
Capitalization / Revenue 6.89 x 8.02 x 11.2 x 7.15 x 8.02 x 7.48 x 7.11 x 6.85 x
EV / Revenue 9.34 x 10.3 x 14.1 x 10.1 x 10.7 x 9.93 x 9.47 x 8.92 x
EV / EBITDA 18.3 x 21.3 x 27.9 x 20.6 x 21.5 x 19.3 x 17.9 x 16.4 x
EV / FCF - - 33,909,826 x 25,171,052 x 28,819,551 x - - -
FCF Yield - - 0% 0% 0% - - -
Price to Book 1.46 x 1.64 x 2.43 x 1.64 x 1.88 x 1.95 x 1.93 x 2.09 x
Nbr of stocks (in thousands) 300,711 316,263 334,396 353,445 362,056 366,322 - -
Reference price 2 26.21 30.00 43.61 30.14 35.96 35.44 35.44 35.44
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,143 1,183 1,304 1,491 1,624 1,737 1,827 1,894
EBITDA 1 582.9 570.8 660.4 734.2 809.3 895.8 966.2 1,030
EBIT 1 253.6 227.7 287.5 331.2 352.7 428.3 494.6 552
Operating Margin 22.18% 19.25% 22.05% 22.22% 21.72% 24.66% 27.07% 29.14%
Earnings before Tax (EBT) 1 156.3 154.8 210.6 310 432.1 254.9 308.7 366.2
Net income 1 85.91 85.25 135.3 250.8 366.2 267.5 274 286.2
Net margin 7.51% 7.21% 10.38% 16.82% 22.56% 15.4% 15% 15.11%
EPS 2 0.2900 0.2800 0.4100 0.7100 1.010 0.6923 0.6890 0.6650
Free Cash Flow - - 543.1 599.9 604.5 - - -
FCF margin - - 41.65% 40.25% 37.23% - - -
FCF Conversion (EBITDA) - - 82.24% 81.7% 74.7% - - -
FCF Conversion (Net income) - - 401.41% 239.21% 165.07% - - -
Dividend per Share 2 0.2000 0.2000 0.4000 0.7200 0.8800 1.041 1.100 1.172
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 338.1 356.1 361.9 391.6 380.9 397.7 395.5 421.7 408.7 423.6 421.2 446.5 436.6 452.9 451
EBITDA 1 175.9 170.9 177.3 188.4 195.4 196.9 202.4 205.5 212 211 219.7 222.8 233.3 237.7 239.2
EBIT 1 78.7 70.9 72.92 79.04 87.87 89.26 89.19 90.67 96.23 95.29 103.6 105.9 117.1 120.2 122.5
Operating Margin 23.28% 19.91% 20.15% 20.18% 23.07% 22.44% 22.55% 21.5% 23.55% 22.5% 24.59% 23.71% 26.81% 26.54% 27.16%
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income 1 48.1 55.94 56.59 50.72 87.54 117.5 98.03 74.11 76.62 109.3 59.56 60.89 67.62 70.47 70.2
Net margin 14.23% 15.71% 15.64% 12.95% 22.98% 29.54% 24.78% 17.57% 18.75% 25.8% 14.14% 13.64% 15.49% 15.56% 15.56%
EPS 2 0.1400 0.1600 0.1600 0.1400 0.2500 0.3200 0.2700 0.2000 0.2100 0.3000 0.1457 0.1497 0.1660 0.1744 0.1792
Dividend per Share 2 0.1000 0.1800 0.1800 0.1800 0.1800 0.2200 0.2200 0.2200 0.2200 - 0.2604 0.2604 0.2648 0.2736 0.2764
Announcement Date 2/24/22 5/5/22 8/4/22 11/3/22 2/23/23 5/4/23 7/27/23 11/2/23 2/22/24 5/2/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,796 2,680 3,832 4,447 4,402 4,263 4,308 3,915
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.796 x 4.696 x 5.803 x 6.056 x 5.44 x 4.759 x 4.458 x 3.802 x
Free Cash Flow - - 543 600 605 - - -
ROE (net income / shareholders' equity) 1.62% 1.53% 2.28% 4.35% 5.44% 3.01% 3.59% 4.27%
ROA (Net income/ Total Assets) 0.95% 0.91% 1.32% 2.36% 2.95% 1.88% 2.36% -
Assets 1 9,051 9,347 10,278 10,626 12,432 14,211 11,623 -
Book Value Per Share 2 18.00 18.30 17.90 18.40 19.10 18.20 18.30 17.00
Cash Flow per Share 2 - 1.540 1.830 1.660 1.780 2.060 2.260 -
Capex 1 - - - - 1,154 833 810 943
Capex / Sales - - - - 71.09% 47.95% 44.36% 49.77%
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
35.44 USD
Average target price
39.95 USD
Spread / Average Target
+12.72%
Consensus
  1. Stock Market
  2. Equities
  3. AMH Stock
  4. AMH.PRH Stock
  5. Financials American Homes 4 Rent