AMH - NYSE

American Homes 4 Rent

American Homes 4 Rent

AMHยทNYSE

$32.58

+1.5%
Real EstateREIT - Residential

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and American Homes 4 Rent is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties. As of September 30, 2020, we owned 53,229 single-family properties in selected submarkets in 22 states.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$11.73B
EPS1.1800
P/E Ratio27.61
Earnings Date07/30/2026
American Homes 4 Rent

American Homes 4 Rent Fair Value Envelope

AMH ยท NYSE

Our analysis suggests that AMH has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $32.575, this represents a potential HIDDEN relative to our calculated worth for American Homes 4 Rent.

HIDDEN
Intrinsic Value
Current Price: $32.575

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$23.0B
+ Cash & Equivalents$108.5M
Firm Value$23.1B
- Debt$5.1B
Equity Value$18.0B
/ Shares Outstanding370,442,069B
DCF Value$49
UNDERVALUED BY 49%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$934.9M
$1.0B
$1.1B
$1.2B
$1.3B
$1.4B
$1.5B
$1.6B
$1.8B
$1.9B
Maintenance CapEx
-$25.6M
-$27.7M
-$29.9M
-$32.4M
-$35.0M
-$37.9M
-$41.0M
-$44.3M
-$47.9M
-$51.8M
Owner Earnings
$909.3M
$983.6M
$1.1B
$1.2B
$1.2B
$1.3B
$1.5B
$1.6B
$1.7B
$1.8B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$842.0M
$843.3M
$844.6M
$845.9M
$847.2M
$848.5M
$849.8M
$851.1M
$852.4M
$853.7M
Terminal Value represents 63.1% of Enterprise Value

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