$29.48
+2.1%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.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
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 | $1.3B | $1.5B | $1.7B | $1.9B | $2.1B | $2.3B | $2.6B | $2.9B | $3.3B | $3.7B |
| Maintenance CapEx | -$54.2M | -$60.6M | -$67.7M | -$75.6M | -$84.5M | -$94.4M | -$105.5M | -$117.8M | -$131.6M | -$147.1M |
| Owner Earnings | $1.3B | $1.4B | $1.6B | $1.8B | $2.0B | $2.3B | $2.5B | $2.8B | $3.1B | $3.5B |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $1.2B | $1.2B | $1.3B | $1.3B | $1.4B | $1.4B | $1.5B | $1.5B | $1.6B | $1.6B |
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