Equity Lifestyle Properties, Inc. (ELS) Company Bio
Equity LifeStyle Properties engages in the ownership and operation of lifestyle oriented properties and leases individual developed areas with access to utilities for placement of factory built homes, cottages, cabins or recreational vehicles. The company was founded in 1992 and is based in Chicago, Illinois.
ELS Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for ELS, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Equity Lifestyle Properties Inc ranked in the 3th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. As for the metrics that stood out in our discounted cash flow analysis of Equity Lifestyle Properties Inc, consider:
Its compound free cash flow growth rate, as measured over the past 5.43 years, is -0.19% -- higher than only 8.69% of stocks in our DCF forecasting set.
Equity Lifestyle Properties Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than merely 0% of US stocks with positive free cash flow.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than only 11.59% of stocks in its sector (Real Estate).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
CPT, CXP, MAC, COLD, and CWK can be thought of as valuation peers to ELS, in the sense that they are in the Real Estate sector and have a similar price forecast based on DCF valuation.
This article was co-produced with Williams Equity Research ("WER"). I'm now writing a new book, The Intelligent REIT Investor, in which I'm utilizing content from a book written by the legendary Ralph Block called Investing In REITs. Mr. Block passed away in 2016 and he was not only a friend,...
Last week, I wrote an article about UMH Properties (UMH), a manufactured housing REIT. Today, I explore its peer Equity LifeStyle Properties (ELS), which operates in the same space. While I like manufactured housing for the durable rental income that they generate, there should be a limit to how much...