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 12,289 - -
Change - -26.95% 22.22% 6.2% -13.85% 3.16% - -
Enterprise Value (EV) 1 18,415 15,100 17,422 18,638 16,900 17,479 17,608 17,641
Change - -18% 15.38% 6.98% -9.33% 3.43% 0.74% 0.18%
P/E 106x 42.5x 35.6x 34.6x 27.2x 45.3x 43.1x 48.2x
PBR 2.43x 1.64x 1.88x 1.93x 1.67x 1.92x 1.94x 1.96x
PEG - 0.6x 0.8x 4.99x 2.94x -1.3x 8.56x -4.5x
Capitalization / Revenue 11.2x 7.15x 8.02x 8x 6.44x 6.48x 6.25x 5.96x
EV / Revenue 14.1x 10.1x 10.7x 10.8x 9.13x 9.22x 8.96x 8.55x
EV / EBITDA 27.9x 20.6x 21.5x 20.4x 17.4x 17.3x 16.8x 16.1x
EV / EBIT 64x 45.6x 49.4x 46.5x 36.4x 35.7x 33.2x 30.3x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.4 0.72 0.88 1.04 1.2 1.312 1.38 1.445
Rate of return 0.92% 2.39% 2.45% 2.78% 3.74% 3.85% 4.05% 4.24%
EPS 2 0.41 0.71 1.01 1.08 1.18 0.7525 0.7904 0.7066
Distribution rate 97.6% 101% 87.1% 96.3% 102% 174% 175% 204%
Net sales 1 1,304 1,491 1,624 1,729 1,850 1,896 1,966 2,063
EBITDA 1 660.4 734.2 809.3 912.1 968.5 1,008 1,050 1,093
EBIT 1 287.5 331.2 352.7 400.7 464.1 489.1 530.6 582.3
Net income 1 135.3 250.8 366.2 398.5 439 295.9 272.1 277.5
Net Debt 1 3,832 4,447 4,402 4,811 4,987 5,190 5,319 5,352
Reference price 2 43.61 30.14 35.96 37.42 32.10 34.08 34.08 34.08
Nbr of stocks (in thousands) 334,396 353,445 362,056 369,507 371,106 360,596 - -
Announcement Date 2/24/22 2/23/23 2/22/24 2/20/25 2/19/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.48x11.8x19.33x3.68% 27.48B
50.99x10.87x18.22x4.03% 26.17B
49.21x13.36x20.08x3.5% 19.17B
39.84x9.26x17.18x3.94% 18.14B
41.94x9.98x17.85x4.32% 16.55B
55.48x8.16x18.7x3.6% 15.24B
47.91x11.17x17.97x4.23% 13.35B
32.82x10.23x21.08x3.25% 12.85B
105x10.09x18.39x3.64% 12.02B
Average 50.85x 10.55x 18.76x 3.8% 17.88B
Weighted average by Cap. 48.53x 10.71x 18.74x 3.81%

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.PRH Stock
  5. Valuation American Homes 4 Rent