American Homes 4 Rent

Real Estate
Real Estate Investment Trusts
www.amh.com

Earnings Score

Market Cap $13.85B
PE 39
Debt $4.58B
Cash $317.85M
EV $18.11B
FCF $NaN

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$351.87M
ROE	5%
Equity	$7.70B
Growth Stability	100%
PE	39.36
PEG	0.8
PB	1.8
Price/Cash	0.02
Debt/Equity	0.59
Earnings CAGR	38%
Sales CAGR	0%
FCF CAGR	2%
Equity CAGR	7%
Earnings Stability	0.5
Earnings Growth YoY	-0%
Earnings Growth QoQ	-20%
Earnings CAGR 5Y	49%

Sales CAGR 5Y	0%
FCF CAGR 5Y	1%
Equity CAGR 5Y	6%
Equity CAGR 3Y	5%
Market Cap	$13.85B
Dividend Yield	3%
Payout Ratio	104%
Assets	$12.84B
Total Debt	$4.58B
Cash	$317.85M
Shares Outstanding	366.76M
EV	18.11B
Earnings Score	79%
Shares Growth 3y	4%
Equity Growth QoQ	-0%
Equity Growth YoY	2%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

American Homes 4 Rent is a real estate investment trust primarily focused on acquiring, operating, and leasing single-family homes as rental properties throughout the United States. The company's real estate portfolio is largely comprised of single-family properties in urban markets in the Southern and Midwestern regions of the U.S. American Homes 4 Rent's land holdings also represent a sizable percentage of its total assets in terms of value. The company derives the vast majority of its income in the form of rental revenue from single-family properties through short-term or annual leases. The firm's largest geographical markets include Dallas, Texas; Indianapolis, Indiana; Atlanta, Georgia; and Charlotte, North Carolina in terms of the number of properties in each.

SEC Filings

Direct access to American Homes 4 Rent (AMH) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does American Homes 4 Rent compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of American Homes 4 Rent compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 38%

Stability 50%

loading chart...

American Homes 4 Rent Discounted Cash Flow

Fully customizable DCF calculator online for American Homes 4 Rent.

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-	-4%	-2%	2%	8%	7%	-	-	-	-
ROA	-	-	-	-	-	-	-	-	-	-	-
ROE	-	-2%	-1%	-0%	0%	1%	1%	2%	3%	5%	5%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	12.82	11.21	7.61	6.97	6.36	6.25	6.85	-	-	-
Debt over Equity	0.43	0.66	0.6	0.43	0.48	0.48	0.44	0.58	0.64	0.59	0.59
Growth Stability	-	-	-	-	-	-	100%	100%	100%	100%	100%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.59)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	9%	12%	7%	3%	-	-	-	0%
Earnings YoY growth	-	26%	-60%	-34%	-206%	266%	-1%	59%	85%	46%	49%
Equity YoY growth	-	-6%	25%	19%	2%	1%	8%	4%	6%	7%	6%
FCF YoY growth	-	25%	32%	24%	23%	11%	1%	26%	-	-	1%