Projected Income Statement: American Homes 4 Rent

Forecast Balance Sheet: American Homes 4 Rent

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 3,832 4,447 4,402 4,811 4,987 5,117 5,291 5,392
Change - 16.05% -1.01% 9.29% 3.66% 2.6% 3.4% 1.91%
Announcement Date 24/2/22 23/2/23 22/2/24 20/2/25 19/2/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: American Homes 4 Rent

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 - - 1,154 1,498 993 765.9 894.1 822.1
Change - - - 29.75% -33.7% -22.86% 16.73% -8.05%
Free Cash Flow (FCF) 1 543.1 599.9 604.5 689.8 - - - -
Change - 10.46% 0.77% 14.11% - - - -
Announcement Date 24/2/22 23/2/23 22/2/24 20/2/25 19/2/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: American Homes 4 Rent

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 50.65% 49.26% 49.84% 52.76% 52.34% 53.37% 53.72% 53.6%
EBIT Margin (%) 22.05% 22.22% 21.72% 23.18% 25.08% 26.02% 26.89% 28.16%
EBT Margin (%) 16.15% 20.8% 26.62% 27.08% 27.75% 22.05% 19.43% 20.82%
Net margin (%) 10.38% 16.82% 22.56% 23.05% 23.73% 19.95% 14.96% 13.31%
FCF margin (%) 41.65% 40.25% 37.23% 39.9% - - - -
FCF / Net Income (%) 401.41% 239.21% 165.07% 173.1% - - - -

Profitability

        
ROA 1.32% 2.36% 2.95% 3.06% 3.3% 2.62% 1.72% 1.99%
ROE 2.28% 4.35% 5.44% 5.64% 6.19% 3.8% 3.64% 4.27%

Financial Health

        
Leverage (Debt/EBITDA) 5.8x 6.06x 5.44x 5.27x 5.15x 5.03x 5x 4.86x
Debt / Free cash flow 7.06x 7.41x 7.28x 6.98x - - - -

Capital Intensity

        
CAPEX / Current Assets (%) - - 71.09% 86.63% 53.67% 40.21% 45.36% 39.73%
CAPEX / EBITDA (%) - - 142.62% 164.18% 102.53% 75.34% 84.44% 74.12%
CAPEX / FCF (%) - - 190.92% 217.11% - - - -

Items per share

        
Cash flow per share 1 1.828 1.66 1.785 2.205 2.33 2.535 2.343 2.425
Change - -9.21% 7.52% 23.55% 5.67% 8.78% -7.58% 3.5%
Dividend per Share 1 0.4 0.72 0.88 1.04 1.2 1.317 1.388 1.456
Change - 80% 22.22% 18.18% 15.38% 9.72% 5.4% 4.92%
Book Value Per Share 1 17.93 18.38 19.09 19.37 19.18 17.74 17.57 17.38
Change - 2.52% 3.88% 1.46% -0.97% -7.51% -0.98% -1.07%
EPS 1 0.41 0.71 1.01 1.08 1.18 0.9752 0.7847 0.707
Change - 73.17% 42.25% 6.93% 9.26% -17.36% -19.53% -9.9%
Nbr of stocks (in thousands) 334,396 353,445 362,056 369,507 371,106 359,815 359,815 359,815
Announcement Date 24/2/22 23/2/23 22/2/24 20/2/25 19/2/26 - - -
1USD
Estimates
2026 *2027 *
P/E 33.5x 41.7x
PBR 1.84x 1.86x
EV / Sales 8.87x 8.65x
Yield 4.03% 4.24%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
24
Last Close Price
32.71USD
Average target price
37.20USD
Spread / Average Target
+13.74%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. AMH Stock
  4. AMH.PRG Stock
  5. Financials American Homes 4 Rent