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Equity LifeStyle Properties Inc
NYSE:ELS

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Equity LifeStyle Properties Inc
NYSE:ELS
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Price: 64.88 USD 0.85%
Updated: Mar 28, 2024

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%.

Key Points:
ELS Intrinsic Value
Base Case
54.96 USD
Overvaluation 15%
Intrinsic Value
Price
E
Worst Case
Base Case
Best Case

Valuation Backtest
Equity LifeStyle Properties Inc

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Analyze the historical link between intrinsic value and market price to make more informed investment decisions.

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Fundamental Analysis

Guidance: FFO Growth and Core Income Uptick
2023-Q4 Earnings Call

Guidance: FFO Growth and Core Income Uptick

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%.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

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.

Positive Gross Profit
Positive Operating Income
Positive 3-Year Average ROE
Positive Net Income
58/100
Profitability
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.

Long-Term Solvency
Average Altman Z-Score
High D/E
Short-Term Solvency
24/100
Solvency
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

Wall Street analysts forecast ELS stock price to rise over the next 12 months.

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.

Lowest
Price Target
64.64 USD
0% Downside
Average
Price Target
74.17 USD
14% Upside
Highest
Price Target
85.05 USD
31% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

ELS Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

ELS Price
Equity LifeStyle Properties Inc

1M 1M
-2%
6M 6M
+2%
1Y 1Y
+2%
3Y 3Y
+6%
5Y 5Y
+23%
10Y 10Y
+297%
Annual Price Range
64.88
52w Low
61.58
52w High
72.72
Price Metrics
Average Annual Return 8%
Standard Deviation of Annual Returns 30.05%
Max Drawdown -41%
Shares Statistics
Market Capitalization 12.1B USD
Shares Outstanding 195 475 000
Percentage of Shares Shorted 2.12%

ELS Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Equity LifeStyle Properties Inc

Country

United States of America

Industry

Real Estate

Market Cap

12.1B USD

Dividend Yield

2.98%

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

ILLINOIS
Chicago
2 N Riverside Plz Ste 800
+13122791400.0
https://www.equitylifestyleproperties.com/

IPO

1993-02-25

Employees

4 100

Officers

President, CEO & Non-Independent Director
Ms. Marguerite M. Nader
Executive VP & CFO
Mr. Paul Seavey
Executive VP & COO
Mr. Patrick Waite
Executive VP, Chief Legal Officer & Corporate Secretary
Mr. David P. Eldersveld
Senior VP & Chief Accounting Officer
Ms. Valerie Henry
Senior Vice President of Sales
Mr. Jim Phillips
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Executive VP & Chief Marketing Officer
Ms. Larisa J. Drake
Senior Vice President of Revenue Management
Mr. Peter Underhill
Senior Vice President of West Operations
Mr. Ron Bunce
Senior Vice President of East Operations
Mr. Brad Nelson
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See Also

Discover More
What is the Intrinsic Value of one ELS stock?

The intrinsic value of one ELS stock under the Base Case scenario is 54.96 USD.

Is ELS stock undervalued or overvalued?

Compared to the current market price of 64.88 USD, Equity LifeStyle Properties Inc is Overvalued by 15%.