Company Valuation: Mid-America Apartment Communities, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 14,490 26,417 18,129 15,690 18,066 15,468 - -
Change - 82.32% -31.38% -13.45% 15.15% -14.38% - -
Enterprise Value (EV) 1 19,027 30,880 22,505 20,189 23,004 20,606 20,882 21,113
Change - 62.29% -27.12% -10.29% 13.95% -10.42% 1.34% 1.1%
P/E ratio 57.8x 49.8x 28.6x 28.5x 34.4x 31x 37.9x 34.4x
PBR - - 3.02x 2.64x 3.12x 2.75x 2.93x 3.1x
PEG - 0x 1.5x -2x -7.36x -6.27x -2.1x 3.3x
Capitalization / Revenue 8.64x 14.9x 8.98x 7.3x 8.25x 7x 6.84x 6.54x
EV / Revenue 11.3x 17.4x 11.1x 9.4x 10.5x 9.32x 9.23x 8.93x
EV / EBITDA 20.2x 30.5x 19.1x 16x 18.4x 16.4x 16.5x 15.8x
EV / EBIT 44.5x 66.4x 35.8x 29.3x 35x 32.9x 33x 29.5x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 4.025 4.162 4.675 5.67 5.925 6.062 6.229 6.438
Rate of return 3.18% 1.81% 2.98% 4.22% 3.83% 4.59% 4.71% 4.87%
EPS 2 2.19 4.61 5.48 4.71 4.49 4.268 3.485 3.844
Distribution rate 184% 90.3% 85.3% 120% 132% 142% 179% 167%
Net sales 1 1,678 1,778 2,020 2,148 2,191 2,210 2,262 2,365
EBITDA 1 943.1 1,013 1,178 1,262 1,247 1,258 1,267 1,335
EBIT 1 427.5 464.9 628.9 688.9 656.8 626.5 632.9 714.6
Net income 1 251.3 530.1 633.7 549.1 523.9 502.2 418.6 455.5
Net Debt 1 4,538 4,462 4,376 4,499 4,938 5,139 5,414 5,645
Reference price 2 126.69 229.44 156.99 134.46 154.57 132.11 132.11 132.11
Nbr of stocks (in thousands) 114,370 115,138 115,477 116,688 116,880 117,082 - -
Announcement Date 2/3/21 2/2/22 2/1/23 2/7/24 2/5/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.95x9.32x16.37x4.59% 15.47B
24.8x11.1x17.98x3.95% 25.02B
26.66x10.16x16.75x4.52% 23.19B
25.69x12.29x18.36x3.96% 16.59B
29.38x8.85x15.67x4.41% 16.15B
11.93x8.23x18.92x6.51% 15.11B
31.92x9.97x20.78x3.33% 12.03B
58.94x10.29x16.54x4.85% 11.74B
33.67x8.81x16.61x3.86% 11.55B
43.37x9.32x16.32x4.02% 11.09B
Average 31.73x 9.84x 17.43x 4.4% 15.79B
Weighted average by Cap. 30.04x 9.97x 17.42x 4.41%
See all sector valuations

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

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