Invitation Homes Inc
NYSE:INVH
Intrinsic Value
Invitation Homes, Inc. engages in the acquisition, renovation, leasing and operation of single-family homes as rental properties, including single-family homes in planned unit developments. [ Read More ]
The intrinsic value of one INVH stock under the Base Case scenario is 31.55 USD. Compared to the current market price of 34.62 USD, Invitation Homes Inc is Overvalued by 9%.
Valuation Backtest
Invitation Homes Inc
Run backtest to discover the historical profit from buying and selling INVH stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Positive Financial Trajectory and 2024 Outlook
2023-Q4 Earnings Call
In 2023, the company fortified its investment-grade balance sheet, issuing $800 million in senior notes at 5.5% and enjoying credit rating upgrades, ending the year with $1.7 billion in liquidity. Debt to EBITDA improved to 5.5x, emphasizing strong financial handling. Core FFO per share increased by 4.6% for Q4 and 6% annually. Looking ahead, the company guides a 2024 same-store NOI growth of 3.5%-5.5%, aligning with expected core revenue growth of 4.5%-5.5%. Expenses may grow by 5.5%-7% due to higher fixed costs, like 8%-10% more property taxes. Full year 2024 core FFO guidance is set to $1.82-$1.90 per share, and AFFO $1.54-$1.62 per share, propelling a nearly 8% dividend increase to $0.28 per share.
Balance Sheet Decomposition
Invitation Homes Inc
Current Assets | 761.4m |
Cash & Short-Term Investments | 700.6m |
Receivables | 60.8m |
Non-Current Assets | 18.5B |
Long-Term Investments | 389.6m |
PP&E | 17.3B |
Intangibles | 258.2m |
Other Non-Current Assets | 477.5m |
Current Liabilities | 393.8m |
Accounts Payable | 200.6m |
Accrued Liabilities | 11.1m |
Other Current Liabilities | 182.2m |
Non-Current Liabilities | 8.7B |
Long-Term Debt | 8.5B |
Other Non-Current Liabilities | 123m |
Earnings Waterfall
Invitation Homes Inc
Revenue
|
2.4B
USD
|
Cost of Revenue
|
-976.1m
USD
|
Gross Profit
|
1.5B
USD
|
Operating Expenses
|
-756.6m
USD
|
Operating Income
|
699.5m
USD
|
Other Expenses
|
-180.8m
USD
|
Net Income
|
518.8m
USD
|
Free Cash Flow Analysis
Invitation Homes Inc
What is Free Cash Flow?
INVH Profitability Score
Profitability Due Diligence
Invitation Homes Inc's profitability score is 52/100. The higher the profitability score, the more profitable the company is.
Score
Invitation Homes Inc's profitability score is 52/100. The higher the profitability score, the more profitable the company is.
INVH Solvency Score
Solvency Due Diligence
Invitation Homes Inc's solvency score is 36/100. The higher the solvency score, the more solvent the company is.
Score
Invitation Homes Inc's solvency score is 36/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
INVH Price Targets Summary
Invitation Homes Inc
According to Wall Street analysts, the average 1-year price target for INVH is 38.4 USD with a low forecast of 35.35 USD and a high forecast of 43.05 USD.
Ownership
INVH Insider Trading
Buy and sell transactions by insiders
Period | Sold | Bought | Net |
---|---|---|---|
3 Months |
|
|
|
6 Months |
|
|
|
9 Months |
|
|
|
12 Months |
|
|
|
Shareholder Return
INVH Price
Invitation Homes Inc
Average Annual Return | 13.58% |
Standard Deviation of Annual Returns | 40.08% |
Max Drawdown | -51% |
Market Capitalization | 21.2B USD |
Shares Outstanding | 613 688 569 |
Percentage of Shares Shorted | 2.33% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Invitation Homes, Inc. engages in the acquisition, renovation, leasing and operation of single-family homes as rental properties, including single-family homes in planned unit developments. The company is headquartered in Dallas, Texas and currently employs 1,240 full-time employees. The company went IPO on 2017-02-01. The firm operates by acquiring, renovating, leasing, and operating single-family homes as rental properties segment. The firm owns and operates single-family homes for lease, offering residents homes across America. The firm has built a vertically integrated operating platform that allows to acquire, renovate, lease, maintain and manage its homes. The firm's business activity includes property operations, marketing and leasing, digital marketing initiatives and branding, resident relations and property maintenance, and investment and asset management. The company has approximately 80,000 homes for lease in over 16 markets across the United States. The Company, through THR Property Management L.P, provides all management and other administrative services with respect to the properties it owns.
Contact
IPO
Employees
Officers
The intrinsic value of one INVH stock under the Base Case scenario is 31.55 USD.
Compared to the current market price of 34.62 USD, Invitation Homes Inc is Overvalued by 9%.