Financials Sun Communities, Inc.

Equities

SUI

US8666741041

Residential REITs

Market Closed - Nyse 04:00:01 2024-04-26 pm EDT 5-day change 1st Jan Change
119.1 USD +0.13% Intraday chart for Sun Communities, Inc. +1.18% -10.90%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,908 16,344 25,195 17,716 16,632 14,842 - -
Enterprise Value (EV) 1 17,238 20,878 30,788 24,823 24,367 22,473 22,485 22,417
P/E ratio 83.4 x 113 x 62.5 x 71.5 x -78.2 x 65.4 x 50.9 x 50.6 x
Yield 2% 2.08% 1.58% 2.46% - 3.19% 3.36% 3.64%
Capitalization / Revenue 11 x 11.7 x 11.1 x 5.97 x 5.16 x 4.45 x 4.28 x 4.15 x
EV / Revenue 13.6 x 14.9 x 13.5 x 8.36 x 7.56 x 6.73 x 6.49 x 6.27 x
EV / EBITDA 27.7 x 31 x 31.3 x 20.8 x 19.2 x 17.3 x 16.6 x 15.9 x
EV / FCF - - -21.9 x - -115 x 29.8 x 25.6 x 24.7 x
FCF Yield - - -4.57% - -0.87% 3.36% 3.91% 4.05%
Price to Book - - 3.76 x 2.27 x 2.4 x 2.18 x 2.31 x 2.47 x
Nbr of stocks (in thousands) 92,661 107,563 119,992 123,890 124,445 124,642 - -
Reference price 2 150.1 152.0 210.0 143.0 133.6 119.1 119.1 119.1
Announcement Date 2/19/20 2/17/21 2/21/22 2/22/23 2/20/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,264 1,398 2,273 2,970 3,225 3,338 3,466 3,573
EBITDA 1 623.3 673 982.1 1,194 1,266 1,302 1,353 1,406
EBIT 1 295.3 296.2 459.4 553.8 606.1 553.8 566.8 585.4
Operating Margin 23.36% 21.18% 20.21% 18.65% 18.8% 16.59% 16.35% 16.38%
Earnings before Tax (EBT) 1 - - - 308.4 -217.5 238.8 271 303.4
Net income 1 160.3 131.6 380.2 242 -213.3 232.8 264 300.8
Net margin 12.68% 9.41% 16.73% 8.15% -6.61% 6.97% 7.62% 8.42%
EPS 2 1.800 1.340 3.360 2.000 -1.710 1.821 2.341 2.351
Free Cash Flow 1 - - -1,406 - -212.5 755 878.5 908
FCF margin - - -61.85% - -6.59% 22.62% 25.35% 25.41%
FCF Conversion (EBITDA) - - - - - 57.97% 64.92% 64.56%
FCF Conversion (Net income) - - - - - 324.34% 332.71% 301.82%
Dividend per Share 2 3.000 3.160 3.320 3.520 - 3.795 3.996 4.337
Announcement Date 2/19/20 2/17/21 2/21/22 2/22/23 2/20/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales 1 684.3 542.4 548.5 814.3 932.6 674.3 651.2 863.5 983.2 726.7 677.7 885 989.3 763.1 712.9
EBITDA 1 314.5 208.6 221 328.4 408.1 236.3 237.4 339.7 433 256 237 345.9 441.7 271.6 255.4
EBIT 1 187.4 63.89 72.5 178.2 256.8 71.6 79 175.6 270.4 78 58.37 154.4 236.7 85.36 59.19
Operating Margin 27.39% 11.78% 13.22% 21.88% 27.54% 10.62% 12.13% 20.34% 27.5% 10.73% 8.61% 17.44% 23.92% 11.19% 8.3%
Earnings before Tax (EBT) 1 - - - 84.9 187.9 6.8 - 95.2 182.7 -91.9 -29.33 73.06 154.4 18.53 -15.87
Net income 1 231.8 12.83 0.7 74 162.6 4.7 -30.1 89.8 163.1 -80.9 -15.18 74.94 157.4 17.37 -11.36
Net margin 33.87% 2.37% 0.13% 9.09% 17.44% 0.7% -4.62% 10.4% 16.59% -11.13% -2.24% 8.47% 15.92% 2.28% -1.59%
EPS 2 2.000 0.1100 0.0100 0.6100 1.320 0.0400 -0.2400 0.7200 1.310 -0.6500 -0.1102 0.5806 1.252 0.1058 -0.1503
Dividend per Share 2 0.8300 0.8300 0.8800 0.8800 0.8800 0.8800 0.9300 0.9300 0.9300 - 0.9492 0.9503 0.9503 0.9503 1.003
Announcement Date 10/25/21 2/21/22 4/25/22 7/25/22 10/24/22 2/22/23 4/26/23 7/26/23 10/25/23 2/20/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,330 4,534 5,594 7,107 7,735 7,630 7,643 7,575
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.342 x 6.737 x 5.695 x 5.953 x 6.109 x 5.859 x 5.648 x 5.386 x
Free Cash Flow 1 - - -1,406 - -213 755 879 908
ROE (net income / shareholders' equity) 4.63% 2.82% 6.26% 3.35% -2.86% 3.18% 3.93% 4.77%
ROA (Net income/ Total Assets) - - - - -1.25% 1.34% 1.75% 2.08%
Assets 1 - - - - 17,012 17,393 15,119 14,437
Book Value Per Share 2 - - 55.90 63.00 55.70 54.70 51.60 48.10
Cash Flow per Share 2 - - - - 6.130 7.640 8.230 8.740
Capex 1 - - 2,159 - 1,003 200 168 171
Capex / Sales - - 95.01% - 31.1% 6% 4.85% 4.79%
Announcement Date 2/19/20 2/17/21 2/21/22 2/22/23 2/20/24 - - -
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
119.1 USD
Average target price
144 USD
Spread / Average Target
+20.93%
Consensus
  1. Stock Market
  2. Equities
  3. SUI Stock
  4. Financials Sun Communities, Inc.