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 11,025 - -
Change - -26.95% 22.22% 6.2% -13.85% -7.45% - -
Enterprise Value (EV) 1 18,415 15,100 17,422 18,638 16,900 16,141 16,315 16,417
Change - -18% 15.38% 6.98% -9.33% -4.49% 1.08% 0.63%
P/E 106x 42.5x 35.6x 34.6x 27.2x 31.4x 38.3x 44x
PBR 2.43x 1.64x 1.88x 1.93x 1.67x 1.73x 1.74x 1.76x
PEG - 0.6x 0.8x 4.99x 2.94x -1.8x -2.1x -3.4x
Capitalization / Revenue 11.2x 7.15x 8.02x 8x 6.44x 5.79x 5.59x 5.34x
EV / Revenue 14.1x 10.1x 10.7x 10.8x 9.13x 8.48x 8.28x 7.95x
EV / EBITDA 27.9x 20.6x 21.5x 20.4x 17.4x 15.9x 15.4x 14.8x
EV / EBIT 64x 45.6x 49.4x 46.5x 36.4x 32.6x 30.8x 28.2x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.4 0.72 0.88 1.04 1.2 1.317 1.388 1.459
Rate of return 0.92% 2.39% 2.45% 2.78% 3.74% 4.3% 4.53% 4.76%
EPS 2 0.41 0.71 1.01 1.08 1.18 0.9752 0.7997 0.6962
Distribution rate 97.6% 101% 87.1% 96.3% 102% 135% 174% 210%
Net sales 1 1,304 1,491 1,624 1,729 1,850 1,904 1,971 2,065
EBITDA 1 660.4 734.2 809.3 912.1 968.5 1,015 1,057 1,110
EBIT 1 287.5 331.2 352.7 400.7 464.1 495.5 530.1 582.9
Net income 1 135.3 250.8 366.2 398.5 439 380.2 288.7 273.2
Net Debt 1 3,832 4,447 4,402 4,811 4,987 5,116 5,290 5,392
Reference price 2 43.61 30.14 35.96 37.42 32.10 30.64 30.64 30.64
Nbr of stocks (in thousands) 3,34,396 3,53,445 3,62,056 3,69,507 3,71,106 3,59,815 - -
Announcement Date 24/02/22 23/02/23 22/02/24 20/02/25 19/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.41x8.47x15.9x4.3% 1.1TCr
39.02x12.82x22.85x - 4.7TCr
48.04x12.28x18.77x3.81% 1.73TCr
26.59x8.05x15.59x4.52% 1.57TCr
-18.38x8.59x18.54x3.96% 1.39TCr
31.17x8.64x15.34x5.27% 1.34TCr
28.34x9.35x19.11x3.66% 1.16TCr
32.6x9.86x16.03x5.11% 1.09TCr
71.36x8.84x15.86x4.32% 997.16Cr
74.25x8.65x15.59x4.78% 344.74Cr
Average 36.44x 9.56x 17.36x 4.41% 1.54TCr
Weighted average by Cap. 33.99x 10.40x 18.74x 4.36%

Y-o-Y evolution of P/E

Valuation ratios - P/E - American Homes 4 Rent

Historical PBR trend

Valuation ratios - PBR - American Homes 4 Rent

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - American Homes 4 Rent

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - American Homes 4 Rent


Year-on-year evolution of the Yield

Valuation ratios - Yield - American Homes 4 Rent
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