Financials Equity LifeStyle Properties, Inc.

Equities

ELS

US29472R1086

Residential REITs

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
60.53 USD -0.36% Intraday chart for Equity LifeStyle Properties, Inc. -3.51% -14.19%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,817 11,546 16,114 12,023 13,148 11,288 - -
Enterprise Value (EV) 1 12,817 14,189 19,265 15,388 16,637 14,793 14,704 14,737
P/E ratio 45.7 x 50.7 x 61.3 x 42.2 x 41.7 x 34.5 x 33.4 x 30.5 x
Yield 1.74% 2.16% 1.65% 2.54% 2.54% 3.13% 3.32% 3.48%
Capitalization / Revenue 12.4 x 10.6 x 12.7 x 8.31 x 8.83 x 7.32 x 7.11 x 6.89 x
EV / Revenue 12.4 x 13 x 15.1 x 10.6 x 11.2 x 9.59 x 9.27 x 8.99 x
EV / EBITDA 25.5 x 27.4 x 32.4 x 23.8 x 25.1 x 20.9 x 19.8 x 19 x
EV / FCF - - 32.4 x 29.7 x - 30.6 x 28.4 x 25.6 x
FCF Yield - - 3.09% 3.37% - 3.27% 3.52% 3.9%
Price to Book - - 12.1 x 8.32 x 9.2 x 7.92 x 7.63 x 7.84 x
Nbr of stocks (in thousands) 182,081 182,225 183,826 186,111 186,393 186,494 - -
Reference price 2 70.39 63.36 87.66 64.60 70.54 60.53 60.53 60.53
Announcement Date 1/27/20 1/25/21 1/24/22 1/30/23 1/29/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,037 1,091 1,272 1,447 1,489 1,543 1,587 1,639
EBITDA 1 502.6 517.2 593.9 647 662.5 707.1 743.5 774.7
EBIT 1 348.7 359.5 405.5 444.6 458.8 487.4 509.8 543.3
Operating Margin 33.62% 32.94% 31.88% 30.73% 30.8% 31.59% 32.13% 33.15%
Earnings before Tax (EBT) 1 - - 262.5 298.8 320.1 359.9 384 415.8
Net income 1 279.1 228.3 262.5 284.6 314.2 341.3 356.5 382.7
Net margin 26.91% 20.91% 20.64% 19.67% 21.09% 22.12% 22.47% 23.35%
EPS 2 1.540 1.250 1.430 1.530 1.690 1.756 1.814 1.987
Free Cash Flow 1 - - 595 518.8 - 484.1 517.7 574.9
FCF margin - - 46.79% 35.85% - 31.37% 32.63% 35.08%
FCF Conversion (EBITDA) - - 100.19% 80.19% - 68.46% 69.63% 74.21%
FCF Conversion (Net income) - - 226.72% 182.29% - 141.83% 145.22% 150.22%
Dividend per Share 2 1.225 1.370 1.450 1.640 1.790 1.894 2.012 2.107
Announcement Date 1/27/20 1/25/21 1/24/22 1/30/23 1/29/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 332.9 325.3 360.2 365.3 381 340.6 370 370 388.8 360.6 386.6 373.3 398.3 371.7 376.1
EBITDA 1 150.8 150.7 168.4 153.3 166.4 159.2 176.7 156.2 172.9 171.1 186.3 164.7 173.3 181.6 195.7
EBIT 1 105.7 100.3 119.1 102.5 113.9 109.6 126.2 104.7 121.9 120.3 134.7 107.4 119 124.3 137.9
Operating Margin 31.75% 30.84% 33.05% 28.07% 29.89% 32.18% 34.12% 28.3% 31.36% 33.36% 34.86% 28.77% 29.89% 33.46% 36.66%
Earnings before Tax (EBT) 1 - - - - - - - 66.05 80.08 85.38 114.7 75.01 85.95 95.69 105.8
Net income 1 70.62 65.55 82.91 61.51 67.16 73.03 82.37 62.92 76.97 91.93 109.9 73.16 82.14 85.15 100.2
Net margin 21.22% 20.15% 23.02% 16.84% 17.63% 21.44% 22.27% 17% 19.8% 25.49% 28.43% 19.6% 20.62% 22.91% 26.64%
EPS 2 0.3800 0.3600 0.4500 0.3300 0.3600 0.3900 0.4400 0.3400 0.4100 0.4900 0.5900 0.3792 0.4184 0.4384 0.5134
Dividend per Share 2 0.3625 0.3625 0.4100 0.4100 0.4100 0.4100 0.4475 0.4475 0.4475 0.4475 0.4775 0.4786 0.4786 0.4786 0.5016
Announcement Date 10/18/21 1/24/22 4/18/22 7/18/22 10/17/22 1/30/23 4/17/23 7/17/23 10/16/23 1/29/24 4/22/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 2,643 3,151 3,366 3,489 3,505 3,415 3,449
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - 5.11 x 5.305 x 5.202 x 5.266 x 4.957 x 4.594 x 4.452 x
Free Cash Flow 1 - - 595 519 - 484 518 575
ROE (net income / shareholders' equity) 23.5% 18.4% 19.8% 19.9% 21.9% 24.2% 25.6% 28.5%
ROA (Net income/ Total Assets) - - - - 5.66% 5.9% 6.55% 7.27%
Assets 1 - - - - 5,553 5,785 5,444 5,265
Book Value Per Share 2 - - 7.260 7.770 7.660 7.650 7.930 7.720
Cash Flow per Share 2 - - - - - 3.030 3.220 3.400
Capex 1 - - - 513 - 87.6 84.5 87.8
Capex / Sales - - - 35.44% - 5.68% 5.33% 5.35%
Announcement Date 1/27/20 1/25/21 1/24/22 1/30/23 1/29/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
60.53 USD
Average target price
70.67 USD
Spread / Average Target
+16.75%
Consensus
  1. Stock Market
  2. Equities
  3. ELS Stock
  4. Financials Equity LifeStyle Properties, Inc.