Equity LifeStyle Properties, Inc.

NYSE:ELS Stock Report

Market Cap: US$12.2b

Equity LifeStyle Properties Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: ELS ($61.85) is trading below our estimate of fair value ($74.18)

Significantly Below Fair Value: ELS 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 ELS?

Other financial metrics that can be useful for relative valuation.

ELS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue10.1x
Enterprise Value/EBITDA22.2x
PEG Ratio7.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ELS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.3x
AMH American Homes 4 Rent
37.1x-9.9%US$15.1b
INVH Invitation Homes
39x0.09%US$21.2b
UDR UDR
28.4x-36.5%US$14.0b
CPT Camden Property Trust
24.8x-31.4%US$11.2b
ELS Equity LifeStyle Properties
33.8x4.4%US$12.2b

Price-To-Earnings vs Peers: ELS is expensive based on its Price-To-Earnings Ratio (33.8x) compared to the peer average (32.3x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-4.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-4.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: ELS is expensive based on its Price-To-Earnings Ratio (33.8x) compared to the Global Residential REITs industry average (24.7x).


Price to Earnings Ratio vs Fair Ratio

What is ELS'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.

ELS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33.8x
Fair PE Ratio32.4x

Price-To-Earnings vs Fair Ratio: ELS is expensive based on its Price-To-Earnings Ratio (33.8x) compared to the estimated Fair Price-To-Earnings Ratio (32.4x).


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 ELS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$61.85
US$69.87
+13.0%
5.3%US$77.00US$62.00n/a15
May ’25US$60.95
US$69.87
+14.6%
5.3%US$77.00US$62.00n/a15
Apr ’25US$63.28
US$72.80
+15.0%
6.4%US$81.00US$64.00n/a15
Mar ’25US$66.92
US$73.07
+9.2%
6.2%US$81.00US$64.00n/a15
Feb ’25US$69.39
US$73.21
+5.5%
6.5%US$81.00US$64.00n/a14
Jan ’25US$70.54
US$72.96
+3.4%
6.7%US$80.00US$65.00n/a13
Dec ’24US$71.87
US$72.04
+0.2%
6.6%US$80.00US$65.00n/a13
Nov ’24US$65.99
US$71.50
+8.3%
7.3%US$80.00US$64.00n/a13
Oct ’24US$63.71
US$75.38
+18.3%
6.4%US$82.00US$68.00n/a12
Sep ’24US$66.51
US$75.38
+13.3%
6.4%US$82.00US$68.00n/a12
Aug ’24US$70.91
US$75.38
+6.3%
6.4%US$82.00US$68.00n/a12
Jul ’24US$66.89
US$75.21
+12.4%
5.9%US$81.00US$68.00n/a12
Jun ’24US$63.43
US$74.95
+18.2%
6.3%US$81.00US$67.00n/a11
May ’24US$68.19
US$75.41
+10.6%
6.0%US$81.00US$67.00US$60.9511
Apr ’24US$67.13
US$75.05
+11.8%
6.2%US$81.00US$67.00US$63.2811
Mar ’24US$66.28
US$75.40
+13.8%
5.9%US$81.00US$67.00US$66.9210
Feb ’24US$72.18
US$73.30
+1.6%
7.7%US$81.00US$62.00US$69.3910
Jan ’24US$64.60
US$69.60
+7.7%
8.4%US$84.00US$62.00US$70.5410
Dec ’23US$65.93
US$69.80
+5.9%
8.2%US$84.00US$62.00US$71.8710
Nov ’23US$64.05
US$69.20
+8.0%
8.5%US$84.00US$62.00US$65.9910
Oct ’23US$62.84
US$80.20
+27.6%
9.1%US$92.00US$70.00US$63.7110
Sep ’23US$70.00
US$80.90
+15.6%
8.0%US$92.00US$73.00US$66.5110
Aug ’23US$73.04
US$81.36
+11.4%
8.3%US$92.00US$71.00US$70.9111
Jul ’23US$71.86
US$85.82
+19.4%
8.8%US$95.00US$71.00US$66.8911
Jun ’23US$75.30
US$87.00
+15.5%
6.7%US$95.00US$77.00US$63.4311
May ’23US$77.28
US$90.30
+16.8%
5.3%US$98.00US$82.00US$68.1910

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


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