American Homes 4 Rent Financial Ratios — AMH-PH Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-2.21	-1.26	-0.92	-0.96	0.09	0.97	1.23	1.56	1.5	1.84	2.36	3.06	3.16	3.4
Return on Capital (%)	- -	- -	- -	- -	- -	4.27	6.56	7.84	8.29	7.89	7.8	8.32	9.81	10.32	10.76
Return on Invested Capital (%)	- -	- -	- -	- -	- -	2.2	2.5	2.67	2.7	2.63	2.87	2.95	3.09	3.29	3.59
Gross Margin (%)	- -	0.29	42.38	53.67	53.48	55.85	55.77	54.56	54	53.93	54.98	55.4	55.48	56.31	56.83
EBITDA Margin (%)	- -	-159.82	35.25	47.52	49.22	52.09	52.15	51.15	50.19	49.79	50.65	50.83	50.88	51.48	52.34
Operating Margin (%)	- -	-206.32	-15.81	6.02	10.71	18.1	21.2	21.45	21.1	20.53	22.05	22.22	22.77	23.88	25.08
Incremental Operating Margin (%)	- -	- -	- -	17.7	18.79	36.88	54.57	23.59	14.78	4.48	35.65	23.38	28.9	41.18	42.15
Pretax Margin (%)	- -	-225.46	-14.44	-8.3	-7.6	1.19	7.96	10.48	13.8	13.2	16.15	20.8	26.62	27.08	27.75
Profit Margin (%)	- -	-225.46	-23.24	-12.05	-9.88	0.76	8.43	10.09	12.46	11.97	14.5	18.32	23.42	23.86	24.48
Net Income to Common Margin (%)	- -	-225.46	-24.07	-16.79	-13.41	-3.82	2.11	5.19	7.59	7.27	11.59	17.18	22.56	23.05	23.73
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	-107.13	-75.4	-184.99	215.72	113.98	51.42	53.49	75.34	76.56	67.95	75.22	79.71
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	- -	442	1,850	2,594	2,923	2,476	2,804	2,841	2,856	3,899	4,537	4,480	5,027	5,113
ST Debt	- -	- -	- -	- -	- -	- -	140	250	4	19	350	130	90	- -	360
LT Debt	- -	- -	442	1,850	2,594	2,923	2,336	2,554	2,837	2,837	3,549	4,407	4,390	5,027	4,753
Total Debt/EBITDA	- -	- -	9.02	9.76	8.36	6.38	4.94	5.11	5	4.89	5.9	5.99	5.42	5.65	5.28
Net Debt/EBITDA	- -	54.74	5.98	9.19	8.17	6.12	4.85	5.05	4.92	4.59	5.8	5.87	5.33	5.41	5.15
Total Debt/EBIT	- -	- -	-20.1	77.05	38.41	18.37	12.16	12.18	11.89	11.87	13.56	13.7	12.12	12.18	11.02
Net Debt/EBIT	- -	42.4	-13.33	72.52	37.56	17.62	11.93	12.05	11.7	11.14	13.33	13.43	11.91	11.65	10.75
EBITDA to Interest Expense	- -	- -	132.44	9.53	3.47	3.5	4.45	4.47	4.47	4.99	5.75	5.62	5.89	5.38	5.23
EBITDA-CapEx/Interest Expense	- -	- -	-6,337.95	-67.69	-5	1.05	4.45	4.47	4.47	4.99	5.75	5.62	5.89	5.38	5.23
EBIT to Interest Expense	- -	- -	-59.41	1.21	0.76	1.22	1.81	1.87	1.88	2.06	2.5	2.46	2.64	2.5	2.51
Interest Expense	- -	- -	- -	20	89	131	113	123	127	117	115	135	140	165	185
Common Equity/Total Assets	-1.19	-1.07	-1.46	-2.7	-4.37	-4.64	-5.24	-5.42	-5.08	-4.59	-3.97	-3.59	-3.08	-2.82	-2.9
Long-Term Debt/Equity (%)	- -	- -	12.11	44.37	65.93	59.19	39.75	42.75	47.14	43.83	52.67	61.42	57.36	64.05	61.65
Long-Term Debt/Capital (%)	- -	- -	40.32	77.03	87.19	88.79	84.9	84.07	92.64	91.53	85.67	92.23	91.95	94.16	87.94
Long-Term Debt/Total Assets (%)	- -	- -	10.46	29.71	38.43	36.05	27.13	28.37	31.18	29.57	32.38	36.19	34.6	37.57	35.89
Total Debt/Equity (%)	- -	- -	12.11	44.37	65.93	59.19	42.14	46.93	47.21	44.12	57.87	63.23	58.54	64.05	66.32
Total Debt/Capital (%)	- -	- -	40.32	77.03	87.19	88.79	89.99	92.3	92.77	92.15	94.12	94.95	93.84	94.16	94.6
Total Debt/Total Assets (%)	- -	- -	10.46	29.71	38.43	36.05	28.76	31.15	31.22	29.77	35.57	37.26	35.31	37.57	38.61
Net Debt to Equity	- -	-43.88	8.02	41.76	64.46	56.78	41.35	46.42	46.45	41.41	56.87	61.98	57.52	61.3	64.69
Net Debt/Capital (%)	- -	97.69	30.93	75.94	86.93	88.37	89.82	92.22	92.42	90.49	93.59	94.43	93.37	93.62	94.16
EBITDA	- -	-7	49	190	310	458	501	549	568	584	660	758	826	890	968
EBITDA-CapEx	- -	-97	-2,345	-1,346	-447	138	501	549	568	584	660	758	826	890	968
Operating Income (Loss)	- -	-9	-22	24	68	159	204	230	239	241	288	331	370	413	464

Liquidity (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	24.38	1.44	0.76	0.4	0.75	0.13	0.07	0.17	0.53	0.07	0.14	0.12	0.5	0.15
Current Ratio	0.57	24.78	1.76	1.38	1.28	1.7	0.61	0.45	1.03	1.31	0.42	0.54	0.52	0.99	0.37
Quick Ratio	0.22	24.78	1.51	0.84	0.5	0.87	0.22	0.13	0.46	0.82	0.19	0.24	0.2	0.62	0.2
CFO/Avg Current Liab	- -	-0.8	0.27	1.42	1.49	1.86	1.53	1.03	1.36	1.96	1.32	1.17	1.47	1.79	1.51
Common Equity/Total Assets	-1.19	-1.07	-1.46	-2.7	-4.37	-4.64	-5.24	-5.42	-5.08	-4.59	-3.97	-3.59	-3.08	-2.82	-2.9
Long-Term Debt/Equity (%)	- -	- -	12.11	44.37	65.93	59.19	39.75	42.75	47.14	43.83	52.67	61.42	57.36	64.05	61.65
Long-Term Debt/Capital (%)	- -	- -	40.32	77.03	87.19	88.79	84.9	84.07	92.64	91.53	85.67	92.23	91.95	94.16	87.94
Long-Term Debt/Total Assets (%)	- -	- -	10.46	29.71	38.43	36.05	27.13	28.37	31.18	29.57	32.38	36.19	34.6	37.57	35.89
Total Debt/Equity (%)	- -	- -	12.11	44.37	65.93	59.19	42.14	46.93	47.21	44.12	57.87	63.23	58.54	64.05	66.32
Total Debt/Capital (%)	- -	- -	40.32	77.03	87.19	88.79	89.99	92.3	92.77	92.15	94.12	94.95	93.84	94.16	94.6
Total Debt/Total Assets (%)	- -	- -	10.46	29.71	38.43	36.05	28.76	31.15	31.22	29.77	35.57	37.26	35.31	37.57	38.61
CFO/Total Liabilities	- -	-40.19	2.82	8.53	7.54	8.8	14.12	13.57	14.86	15.19	14.09	13.31	14.67	14.67	15.62
CFO/CapEx	- -	-0.07	0.01	0.11	0.28	0.87	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	-0.02	0.46	0.02	0.05	0.07	0.13	0.1	0.1	0.14	0.15	0.11	0.14	0.16	0.19	0.17

Working Capital (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	1.38	20.68	44.64	50.56	55.71	40.22	36.26	38.61	32.95	31.37	33.37	35.85	37.88	40.41
Days Sales Outstanding	- -	265.19	17.65	8.18	7.22	6.55	9.08	10.07	9.45	11.08	11.64	10.94	10.18	9.64	9.03
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	34.96	138.11	63.44	96.2	656.57	489.67	507.53	199.07	197.53	759.96	194.61	34.61	41.78	3,821.83
Accounts Payable Turnover Days	- -	10.44	2.64	5.75	3.79	0.56	0.75	0.72	1.83	1.85	0.48	1.88	10.55	8.74	0.1
Cash Conversion Cycle	- -	254.75	15.01	2.42	3.43	6	8.33	9.35	7.62	9.23	11.16	9.06	-0.37	0.9	8.94
Inventory to Cash Days	- -	265.19	17.65	8.18	7.22	6.55	9.08	10.07	9.45	11.08	11.64	10.94	10.18	9.64	9.03
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	- -	397	149	109	58	119	46	30	38	137	48	69	59	199	109
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	716	719	676	745	726	722	683	683	679	679	685	689	676
+ Total Debt	- -	- -	442	1,850	2,594	2,923	2,476	2,804	2,841	2,856	3,899	4,537	4,480	5,027	5,113
Enterprise Value	- -	-397	1,009	2,461	3,213	3,549	3,156	3,495	3,487	3,402	4,530	5,146	5,106	5,516	5,680
Total Capital	- -	-9	1,096	2,402	2,976	3,291	2,751	3,037	3,063	3,099	4,143	4,778	4,774	5,339	5,405
Total Debt/Capital (%)	- -	- -	40.32	77.03	87.19	88.79	89.99	92.3	92.77	92.15	94.12	94.95	93.84	94.16	94.6
Total Debt / EV	- -	- -	0.44	0.75	0.81	0.82	0.78	0.8	0.81	0.84	0.86	0.88	0.88	0.91	0.9
EV/Sales	- -	- -	7.26	6.17	5.09	4.04	3.29	3.26	3.08	2.9	3.47	3.45	3.14	3.19	3.07
EV/EBITDA	- -	- -	20.59	12.98	10.35	7.75	6.3	6.37	6.14	5.83	6.86	6.79	6.18	6.2	5.87
EV/EBIT	- -	- -	- -	102.49	47.57	22.3	15.5	15.19	14.6	14.14	15.76	15.54	13.81	13.36	12.24
EV/Cash Flow to Firm	- -	- -	60.98	12.6	10.65	8.66	6.33	6.55	5.96	5.76	6.38	6.43	5.81	5.65	5.41
EV/Free Cash Flow to Firm	- -	- -	0.42	1.42	3.03	4.86	6.33	6.55	5.96	5.76	6.38	6.43	5.81	5.65	5.41
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	-397	1,009	2,461	3,213	3,549	3,156	3,495	3,487	3,402	4,530	5,146	5,106	5,516	5,680
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	- -	5	139	399	631	879	960	1,073	1,132	1,173	1,304	1,491	1,624	1,729	1,850
TTM EBITDA	- -	-7	49	190	310	458	501	549	568	584	660	758	826	890	968
TTM Operating Income	- -	-9	-22	24	68	159	204	230	239	241	288	331	370	413	464
TTM Cash Flow to Firm	- -	-7	17	195	302	410	499	534	585	591	710	800	879	977	1,050
TTM Free Cash Flow to Firm	- -	84	2,411	1,731	1,059	730	499	534	585	591	710	800	879	977	1,050

Multiples (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	102.49	47.57	22.3	15.5	15.19	14.6	14.14	15.76	15.54	13.81	13.36	12.24
Enterprise Value	- -	-397	1,009	2,461	3,213	3,549	3,156	3,495	3,487	3,402	4,530	5,146	5,106	5,516	5,680
Low Price	- -	- -	- -	- -	- -	- -	- -	20.1	21.99	17	26.01	21.45	21.75	22.6	22.7
EV/Sales	- -	- -	7.26	6.17	5.09	4.04	3.29	3.26	3.08	2.9	3.47	3.45	3.14	3.19	3.07
EV/EBITDA	- -	- -	20.59	12.98	10.35	7.75	6.3	6.37	6.14	5.83	6.86	6.79	6.18	6.2	5.87
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	- -	- -	7.26	6.17	5.09	4.04	3.29	3.26	3.08	2.9	3.47	3.45	3.14	3.19	3.07
EV/Sales High	- -	- -	7.26	6.17	5.09	4.04	3.29	3.26	3.08	2.9	3.47	3.45	3.14	3.19	3.07
EV/Sales Low	- -	- -	7.26	6.17	5.09	4.04	3.29	3.26	3.08	2.9	3.47	3.45	3.14	3.19	3.07
EV/EBITDA Average	- -	54.67	20.59	12.98	10.35	7.75	6.3	6.37	6.14	5.83	6.86	6.79	6.18	6.2	5.87
EV/EBITDA High	- -	54.67	20.59	12.98	10.35	7.75	6.3	6.37	6.14	5.83	6.86	6.79	6.18	6.2	5.87
EV/EBITDA Low	- -	54.67	20.59	12.98	10.35	7.75	6.3	6.37	6.14	5.83	6.86	6.79	6.18	6.2	5.87
EV/EBIT Average	- -	42.35	-45.89	102.49	47.57	22.3	15.5	15.19	14.6	14.14	15.76	15.54	13.81	13.36	12.24
EV/EBIT High	- -	42.35	-45.89	102.49	47.57	22.3	15.5	15.19	14.6	14.14	15.76	15.54	13.81	13.36	12.24
EV/EBIT Low	- -	42.35	-45.89	102.49	47.57	22.3	15.5	15.19	14.6	14.14	15.76	15.54	13.81	13.36	12.24
Last Price	- -	- -	- -	- -	- -	- -	- -	22.22	26.62	26.68	27.05	23.23	25.34	24.42	24.31
High Price	- -	- -	- -	- -	- -	- -	- -	25.25	28.11	28.5	28.12	27.19	25.81	26.25	25.13
Enterprise Value Average	- -	-397	1,009	2,461	3,213	3,549	3,156	3,495	3,487	3,402	4,530	5,146	5,106	5,516	5,680
Enterprise Value High	- -	-397	1,009	2,461	3,213	3,549	3,156	3,495	3,487	3,402	4,530	5,146	5,106	5,516	5,680
Enterprise Value Low	- -	-397	1,009	2,461	3,213	3,549	3,156	3,495	3,487	3,402	4,530	5,146	5,106	5,516	5,680

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	179	179	186	211	208	243	287	297	301	317	338	354	365	370	367
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

American Homes 4 Rent

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)