Equity LifeStyle Properties Inc
NYSE:ELS
Intrinsic Value
Equity LifeStyle Properties, Inc. is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recrea... [ Read More ]
The intrinsic value of one ELS stock under the Base Case scenario is 54.96 USD. Compared to the current market price of 64.88 USD, Equity LifeStyle Properties Inc is Overvalued by 15%.
Valuation Backtest
Equity LifeStyle Properties Inc
Run backtest to discover the historical profit from buying and selling ELS stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Guidance: FFO Growth and Core Income Uptick
2023-Q4 Earnings Call
The company's guidance for 2024 projects a normalized FFO of $2.88 per share at the midpoint, with a range of $2.83 to $2.93. Core property income is expected to grow by 5.6%, with non-core properties adding $14 to $18 million of NOI. Administrative and payroll expenses are anticipated to decrease, contributing to slightly lower property management and G&A expenses compared to 2023. Core revenues and expenses are expected to increase by 4.8% to 5.8% and 4.5% to 5.5%, respectively, while core net operating income (NOI) growth is projected between 5.1% to 6.1%.
Balance Sheet Decomposition
Equity LifeStyle Properties Inc
Current Assets | 4.2m |
Cash & Short-Term Investments | 29.9m |
Other Current Assets | -25.7m |
Non-Current Assets | 5.6B |
Long-Term Investments | 85.3m |
PP&E | 5.3B |
Intangibles | 55.6m |
Other Non-Current Assets | 187.6m |
Current Liabilities | 251.7m |
Accounts Payable | 125.9m |
Accrued Liabilities | 38.4m |
Other Current Liabilities | 87.5m |
Non-Current Liabilities | 3.9B |
Long-Term Debt | 3.5B |
Other Non-Current Liabilities | 414.7m |
Earnings Waterfall
Equity LifeStyle Properties Inc
Revenue
|
1.5B
USD
|
Cost of Revenue
|
-731.7m
USD
|
Gross Profit
|
749m
USD
|
Operating Expenses
|
-304.8m
USD
|
Operating Income
|
444.2m
USD
|
Other Expenses
|
-130m
USD
|
Net Income
|
314.2m
USD
|
Free Cash Flow Analysis
Equity LifeStyle Properties Inc
What is Free Cash Flow?
ELS Profitability Score
Profitability Due Diligence
Equity LifeStyle Properties Inc's profitability score is 58/100. The higher the profitability score, the more profitable the company is.
Score
Equity LifeStyle Properties Inc's profitability score is 58/100. The higher the profitability score, the more profitable the company is.
ELS Solvency Score
Solvency Due Diligence
Equity LifeStyle Properties Inc's solvency score is 24/100. The higher the solvency score, the more solvent the company is.
Score
Equity LifeStyle Properties Inc's solvency score is 24/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
ELS Price Targets Summary
Equity LifeStyle Properties Inc
According to Wall Street analysts, the average 1-year price target for ELS is 74.17 USD with a low forecast of 64.64 USD and a high forecast of 85.05 USD.
Ownership
ELS Insider Trading
Buy and sell transactions by insiders
Period | Sold | Bought | Net |
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Shareholder Return
ELS Price
Equity LifeStyle Properties Inc
Average Annual Return | 8% |
Standard Deviation of Annual Returns | 30.05% |
Max Drawdown | -41% |
Market Capitalization | 12.1B USD |
Shares Outstanding | 195 475 000 |
Percentage of Shares Shorted | 2.12% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Equity LifeStyle Properties, Inc. is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. The company is headquartered in Chicago, Illinois and currently employs 4,100 full-time employees. The firm owns a lifestyle-oriented properties consisting of property operations and home sales and rental operations within manufactured home (MH) and recreational vehicle (RV) communities. The company operates through two segments: Property Operations and Home Sales and Rentals Operations. The Property Operations segment owns and operates land lease properties and the Home Sales. The Home Sales and Rentals Operations segment purchases, sells and leases homes at the Properties. The firm owns interest in a portfolio of approximately 444 properties located throughout the United States and Canada containing approximately 169,296 individual developed areas. These properties are located in 35 states and British Columbia, with approximately 110 properties with lake, river or ocean frontage and approximately 120 properties within 10 miles of the coastal United States.
Contact
IPO
Employees
Officers
The intrinsic value of one ELS stock under the Base Case scenario is 54.96 USD.
Compared to the current market price of 64.88 USD, Equity LifeStyle Properties Inc is Overvalued by 15%.