Invitation Homes Inc.

DB:4IV Stock Report

Market Cap: €19.0b

Invitation Homes Valuation

Is 4IV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 4IV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4IV (€30.8) is trading below our estimate of fair value (€48.51)

Significantly Below Fair Value: 4IV is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4IV?

Key metric: As 4IV is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4IV. This is calculated by dividing 4IV's market cap by their current earnings.
What is 4IV's PE Ratio?
PE Ratio44.5x
EarningsUS$439.59m
Market CapUS$19.62b

Price to Earnings Ratio vs Peers

How does 4IV's PE Ratio compare to its peers?

The above table shows the PE ratio for 4IV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average51.7x
AMH American Homes 4 Rent
39.3x-6.4%US$15.7b
SUI Sun Communities
68.7x3.0%US$16.3b
ELS Equity LifeStyle Properties
35.7x5.4%US$13.6b
HABA Hamborner REIT
63.2x9.5%€517.3m
4IV Invitation Homes
44.5x5.4%€19.6b

Price-To-Earnings vs Peers: 4IV is good value based on its Price-To-Earnings Ratio (44.5x) compared to the peer average (51.7x).

Price to Earnings Ratio vs Industry

How does 4IV's PE Ratio compare vs other companies in the Global Residential REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
4IV 44.5xIndustry Avg. 26.4xNo. of Companies9PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4IV is expensive based on its Price-To-Earnings Ratio (44.5x) compared to the Global Residential REITs industry average (26.4x).

Price to Earnings Ratio vs Fair Ratio

What is 4IV'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.

4IV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio44.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 4IV'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?

The above table shows the analyst 4IV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€30.80
€36.39
+18.1%
6.7%€39.79€32.02n/a22
Dec ’25€32.20
€35.88
+11.4%
6.0%€38.71€31.16n/a21
Nov ’25€28.80
€35.51
+23.3%
5.2%€38.76€31.38n/a21
Oct ’25€31.20
€35.15
+12.7%
5.7%€41.16€32.21n/a21
Sep ’25€33.20
€34.89
+5.1%
4.4%€37.79€32.39n/a20
Aug ’25€32.60
€35.64
+9.3%
4.3%€37.88€33.26n/a20
Jul ’25€33.20
€35.76
+7.7%
4.6%€38.20€32.61n/a21
Jun ’25€32.00
€35.38
+10.6%
4.7%€37.79€32.26n/a21
May ’25€32.00
€35.59
+11.2%
4.9%€38.35€32.74n/a21
Apr ’25€32.80
€34.75
+5.9%
5.1%€37.54€32.05n/a21
Mar ’25€31.80
€34.89
+9.7%
5.4%€37.83€32.30n/a21
Feb ’25€30.60
€35.09
+14.7%
5.4%€37.86€32.32n/a21
Jan ’25€31.20
€33.73
+8.1%
6.1%€37.12€29.87€30.6019
Dec ’24€29.20
€33.29
+14.0%
6.8%€37.42€30.12€32.2019
Nov ’24€28.00
€34.22
+22.2%
7.8%€38.74€29.29€28.8019
Oct ’24€30.00
€35.73
+19.1%
5.5%€38.78€32.16€31.2018
Sep ’24€31.60
€34.75
+10.0%
5.4%€37.79€31.34€33.2017
Aug ’24€32.20
€33.77
+4.9%
6.1%€37.29€30.01€32.6018
Jul ’24€31.40
€33.87
+7.9%
6.2%€37.56€30.23€33.2018
Jun ’24€31.20
€33.60
+7.7%
8.5%€38.36€29.01€32.0021
May ’24€30.00
€31.80
+6.0%
7.5%€36.46€28.26€32.0021
Apr ’24€28.60
€32.07
+12.1%
8.0%€36.88€26.74€32.8021
Mar ’24€28.40
€33.22
+17.0%
7.8%€37.92€28.44€31.8020
Feb ’24€29.60
€32.29
+9.1%
8.1%€36.81€27.61€30.6022
Jan ’24€28.40
€34.92
+23.0%
7.7%€41.47€31.11€31.2021

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 11:05
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Invitation Homes Inc. is covered by 40 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew BabinBaird
Anthony PowellBarclays
Richard HightowerBarclays