Financials American Homes 4 Rent BOERSE MUENCHEN

Equities

A4XA

US02665T3068

Residential REITs

Real-time BOERSE MUENCHEN 01:13:29 02/07/2024 am IST 5-day change 1st Jan Change
34.8 EUR +1.16% Intraday chart for American Homes 4 Rent +1.78% +5.52%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,882 9,488 14,583 10,653 13,020 13,613 - -
Enterprise Value (EV) 1 10,678 12,168 18,415 15,100 17,422 17,961 18,041 17,941
P/E ratio 90.4 x 107 x 106 x 42.5 x 35.6 x 53.9 x 56.1 x 56.2 x
Yield 0.76% 0.67% 0.92% 2.39% 2.45% 2.8% 2.95% 3.15%
Capitalization / Revenue 6.89 x 8.02 x 11.2 x 7.15 x 8.02 x 7.85 x 7.45 x 7.19 x
EV / Revenue 9.34 x 10.3 x 14.1 x 10.1 x 10.7 x 10.4 x 9.87 x 9.47 x
EV / EBITDA 18.3 x 21.3 x 27.9 x 20.6 x 21.5 x 20.1 x 18.7 x 17.4 x
EV / FCF - - 3,39,09,826 x 2,51,71,052 x 2,88,19,551 x - - -
FCF Yield - - 0% 0% 0% - - -
Price to Book 1.46 x 1.64 x 2.43 x 1.64 x 1.88 x 2.05 x 2.02 x 2.11 x
Nbr of stocks (in thousands) 3,00,711 3,16,263 3,34,396 3,53,445 3,62,056 3,66,322 - -
Reference price 2 26.21 30.00 43.61 30.14 35.96 37.16 37.16 37.16
Announcement Date 27/02/20 25/02/21 24/02/22 23/02/23 22/02/24 - - -
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 1,733 1,828 1,894
EBITDA 1 582.9 570.8 660.4 734.2 809.3 893.2 963.4 1,032
EBIT 1 253.6 227.7 287.5 331.2 352.7 418.8 485.5 541.9
Operating Margin 22.18% 19.25% 22.05% 22.22% 21.72% 24.16% 26.56% 28.61%
Earnings before Tax (EBT) 1 156.3 154.8 210.6 310 432.1 268.4 286.7 355.2
Net income 1 85.91 85.25 135.3 250.8 366.2 272.5 263 286.9
Net margin 7.51% 7.21% 10.38% 16.82% 22.56% 15.72% 14.39% 15.15%
EPS 2 0.2900 0.2800 0.4100 0.7100 1.010 0.6890 0.6624 0.6610
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 1.096 1.172
Announcement Date 27/02/20 25/02/21 24/02/22 23/02/23 22/02/24 - - -
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 1 338.1 356.1 361.9 391.6 380.9 397.7 395.5 421.7 408.7 423.6 421 446.3 436.5 452.6 450.8
EBITDA 1 175.9 170.9 177.3 188.4 195.4 196.9 202.4 205.5 212 211 219.3 222.7 232.8 237.1 237.8
EBIT 1 78.7 70.9 72.92 79.04 87.87 89.26 89.19 90.67 96.23 95.29 103.6 105.9 116.4 120.2 122.5
Operating Margin 23.28% 19.91% 20.15% 20.18% 23.07% 22.44% 22.55% 21.5% 23.55% 22.5% 24.6% 23.72% 26.67% 26.56% 27.17%
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 58.15 58.9 65.75 67.77 66.93
Net margin 14.23% 15.71% 15.64% 12.95% 22.98% 29.54% 24.78% 17.57% 18.75% 25.8% 13.81% 13.2% 15.06% 14.97% 14.85%
EPS 2 0.1400 0.1600 0.1600 0.1400 0.2500 0.3200 0.2700 0.2000 0.2100 0.3000 0.1405 0.1432 0.1594 0.1728 0.1752
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 0.2644 0.2719 0.2741
Announcement Date 24/02/22 05/05/22 04/08/22 03/11/22 23/02/23 04/05/23 27/07/23 02/11/23 22/02/24 02/05/24 - - - - -
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 4,348 4,429 4,328
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.796 x 4.696 x 5.803 x 6.056 x 5.44 x 4.868 x 4.597 x 4.193 x
Free Cash Flow - - 543 600 605 - - -
ROE (net income / shareholders' equity) 1.62% 1.53% 2.28% 4.35% 5.44% 3.04% 3.41% 4.09%
ROA (Net income/ Total Assets) 0.95% 0.91% 1.32% 2.36% 2.95% 1.85% 1.99% 2.02%
Assets 1 9,051 9,347 10,278 10,626 12,432 14,727 13,210 14,231
Book Value Per Share 2 18.00 18.30 17.90 18.40 19.10 18.20 18.40 17.60
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% 48.05% 44.34% 49.78%
Announcement Date 27/02/20 25/02/21 24/02/22 23/02/23 22/02/24 - - -
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
37.16 USD
Average target price
39.95 USD
Spread / Average Target
+7.50%
Consensus
  1. Stock Market
  2. Equities
  3. AMH Stock
  4. A4XA Stock
  5. Financials American Homes 4 Rent