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Invitation Homes Inc.

INVH

Real Estate Operators (No Developers) & Lessors

Mkt Cap

$20.76B

PE

40.01

Debt

$8.613B

Cash

$897.5M

EV

$28.47B

FCF

$886M

Market Cap

$20.76B

P/E Ratio

40.01

Debt

$8.613B

Cash

$897.5M

EV

$28.47B

FCF

$886M
Charts data: {"Earnings":[{"time":"2015-12-30","value":-160208000},{"time":"2016-12-30","value":-78239000},{"time":"2017-12-30","value":-105826000},{"time":"2018-12-30","value":-5744000},{"time":"2019-12-30","value":145068000},{"time":"2020-12-30","value":195764000},{"time":"2021-12-30","value":261098000},{"time":"2022-12-30","value":382668000},{"time":"2023-12-30","value":518774000}],"Sales":[{"time":"2015-12-30","value":59535000},{"time":"2016-12-30","value":922587000},{"time":"2017-12-30","value":1054456000},{"time":"2018-12-30","value":1722962000},{"time":"2019-12-30","value":1764685000},{"time":"2020-12-30","value":1822828000},{"time":"2021-12-30","value":1996615000},{"time":"2022-12-30","value":2238121000},{"time":"2023-12-30","value":2432278000}],"Net Margins":[{"time":"2015-12-30","value":-2.6909884941630975},{"time":"2016-12-30","value":-0.08480392635057724},{"time":"2017-12-30","value":-0.10036075473988483},{"time":"2018-12-30","value":-0.0033337937807101955},{"time":"2019-12-30","value":0.08220617277304448},{"time":"2020-12-30","value":0.10739576087266599},{"time":"2021-12-30","value":0.13077032878146264},{"time":"2022-12-30","value":0.17097735109049064},{"time":"2023-12-30","value":0.21328729692905168}],"Assets":[{"time":"2016-12-30","value":9732351000},{"time":"2017-12-30","value":18683638000},{"time":"2018-12-30","value":18063428000},{"time":"2019-12-30","value":17392910000},{"time":"2020-12-30","value":17506222000},{"time":"2021-12-30","value":18537846000},{"time":"2022-12-30","value":18536708000},{"time":"2023-12-30","value":19220967000}],"Stockholders Equity":[{"time":"2015-12-30","value":1887031000},{"time":"2016-12-30","value":1957423000},{"time":"2017-12-30","value":8649875000},{"time":"2018-12-30","value":8369186000},{"time":"2019-12-30","value":8266078000},{"time":"2020-12-30","value":8556073000},{"time":"2021-12-30","value":9838804000},{"time":"2022-12-30","value":10323631000},{"time":"2023-12-30","value":10190435000}],"ROE":[{"time":"2015-12-30","value":-0.08489950615543677},{"time":"2016-12-30","value":-0.039970410074879066},{"time":"2017-12-30","value":-0.012234396450815763},{"time":"2018-12-30","value":-0.0006863272007576365},{"time":"2019-12-30","value":0.017549798102558432},{"time":"2020-12-30","value":0.022880122691800314},{"time":"2021-12-30","value":0.026537575095509577},{"time":"2022-12-30","value":0.037067190797501384},{"time":"2023-12-30","value":0.050907934744689506}],"ROA":[{"time":"2016-12-30","value":0.019602355073301405},{"time":"2017-12-30","value":0.006326765697344383}]}

Invitation Homes is the nation's premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, "Together with you, we make a house a home," reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.

Sector

  • BOC Logo

    BOC

Growth

%

%

Discount

%

%

Multiple

g\r+10%+11%+12%+13%+14%
0%109887
+1%1110988
+2%13111098
+3%141311109
+4%1714121110
Years012345678910TV
FCF$886M$1.115B$1.378B$1.671B$1.988B$2.318B$2.649B$2.966B$3.252B$3.49B$3.664B$36.64B
DCF$969.9M$1.042B$1.099B$1.136B$1.152B$1.145B$1.115B$1.063B$992M$905.7M$9.057B
Value$19.68B

In the chart Earnings are multiplied by this value.

Earnings Growth 51%
Earnings Stability 29%


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.

Years12-201512-201612-201712-201812-201912-202012-202112-202212-2023TTM
Net Margin-270%-8.5%-10%-0.33%8.2%11%13%17%21%21%
ROA-2%0.63%-------
ROE-8.5%-4%-1.2%-0.069%1.8%2.3%2.7%3.7%5.1%5.1%

What is the average Net Margin?

The average Net Margin over the past 5 years is +11.69%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is +3.92%.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is -.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is -.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is +2.57%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is +0.91%.


Safety & Stabiliy

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.

Years12-201512-201612-201712-201812-201912-202012-202112-202212-2023TTM
Debt FCF--48.2722.2617.1015.4110.829.619.729.72
Debt Equity--1.121.121.030.940.820.760.850.85
MIN
Graham Stability-----100%100%100%100%100%

What is the Debt/FCF?

The Debt/FCF trailing twelve month is 9.72.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is -2.56.

What is the Graham’s Stability?

Graham’s Stability measure stands at 1.00.


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.

Years12-201612-201812-202012-2022Trend
Revenue15%7.1%10%8.7%-120%
Net Income--38%36%1.5%
Stockholders Equity27%4%6%-1.3%-20%
FCF23%16%19%8.6%-4.3%

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is +7.14%.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is -122.13%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is -.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is +1.51%.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is +4.02%.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is -19.77%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is +16.13%.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is -4.35%.