Mid-America Apartment Communities, Inc.

BOVESPA:M1AA34 Stock Report

Market Cap: R$109.3b

Mid-America Apartment Communities Valuation

Is M1AA34 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of M1AA34 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: M1AA34 (R$219.96) is trading below our estimate of fair value (R$249.26)

Significantly Below Fair Value: M1AA34 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for M1AA34?

Key metric: As M1AA34 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for M1AA34. This is calculated by dividing M1AA34's market cap by their current earnings.
What is M1AA34's PE Ratio?
PE Ratio35.6x
EarningsUS$517.46m
Market CapUS$18.92b

Price to Earnings Ratio vs Peers

How does M1AA34's PE Ratio compare to its peers?

The above table shows the PE ratio for M1AA34 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average55.5x
ESS Essex Property Trust
35.2x-8.3%US$20.1b
UDR UDR
119.2x12.8%US$16.6b
EQR Equity Residential
30.3x-7.5%US$29.1b
CPT Camden Property Trust
37.3x-11.2%US$13.1b
M1AA34 Mid-America Apartment Communities
35.6x0.6%R$18.9b

Price-To-Earnings vs Peers: M1AA34 is good value based on its Price-To-Earnings Ratio (35.6x) compared to the peer average (55.5x).

Price to Earnings Ratio vs Industry

How does M1AA34's PE Ratio compare vs other companies in the Global Residential REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
M1AA34 35.6xIndustry Avg. 26.7xNo. of Companies9PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: M1AA34 is expensive based on its Price-To-Earnings Ratio (35.6x) compared to the Global Residential REITs industry average (26.7x).

Price to Earnings Ratio vs Fair Ratio

What is M1AA34's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

M1AA34 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio35.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate M1AA34's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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