ELS Valuation

Equity LifeStyle Properties Inc

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60.180

+0.65(1.092%)1D

Overview
Forecast
Valuation
Earnings

ELS Relative Valuation

ELS's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, ELS is overvalued; if below, it's undervalued.

Historical Valuation

Equity LifeStyle Properties Inc (ELS) is now in the Undervalued zone, suggesting that its current forward PE ratio of 29.95 is considered Undervalued compared with the five-year average of 42.97. The fair price of Equity LifeStyle Properties Inc (ELS) is between 71.85 to 95.82 according to relative valuation methord. Compared to the current price of 59.53 USD , Equity LifeStyle Properties Inc is Undervalued By 17.14%.

Relative Value

Fair Zone

71.85-95.82

Current Price：59.53

17.14%

Undervalued

30.27

Trailing

Forward

19.75

EV/EBITDA

Equity LifeStyle Properties Inc. (ELS) has a current EV/EBITDA of 19.75. The 5-year average EV/EBITDA is 24.68. The thresholds are as follows: Strongly Undervalued below 18.71, Undervalued between 18.71 and 21.69, Fairly Valued between 27.66 and 21.69, Overvalued between 27.66 and 30.64, and Strongly Overvalued above 30.64. The current Forward EV/EBITDA of 19.75 falls within the Undervalued range.

27.95

EV/EBIT

Equity LifeStyle Properties Inc. (ELS) has a current EV/EBIT of 27.95. The 5-year average EV/EBIT is 35.89. The thresholds are as follows: Strongly Undervalued below 26.60, Undervalued between 26.60 and 31.24, Fairly Valued between 40.54 and 31.24, Overvalued between 40.54 and 45.18, and Strongly Overvalued above 45.18. The current Forward EV/EBIT of 27.95 falls within the Undervalued range.

7.49

Equity LifeStyle Properties Inc. (ELS) has a current PS of 7.49. The 5-year average PS is 9.36. The thresholds are as follows: Strongly Undervalued below 6.06, Undervalued between 6.06 and 7.71, Fairly Valued between 11.01 and 7.71, Overvalued between 11.01 and 12.66, and Strongly Overvalued above 12.66. The current Forward PS of 7.49 falls within the Undervalued range.

18.68

P/OCF

Equity LifeStyle Properties Inc. (ELS) has a current P/OCF of 18.68. The 5-year average P/OCF is 16.72. The thresholds are as follows: Strongly Undervalued below -4.54, Undervalued between -4.54 and 6.09, Fairly Valued between 27.35 and 6.09, Overvalued between 27.35 and 37.98, and Strongly Overvalued above 37.98. The current Forward P/OCF of 18.68 falls within the Historic Trend Line -Fairly Valued range.

0.00

P/FCF

Equity LifeStyle Properties Inc. (ELS) has a current P/FCF of 0.00. The 5-year average P/FCF is 19.51. The thresholds are as follows: Strongly Undervalued below -6.98, Undervalued between -6.98 and 6.26, Fairly Valued between 32.75 and 6.26, Overvalued between 32.75 and 45.99, and Strongly Overvalued above 45.99. The current Forward P/FCF of 0.00 falls within the Undervalued range.

Equity LifeStyle Properties Inc (ELS) has a current Price-to-Book (P/B) ratio of 6.58. Compared to its 3-year average P/B ratio of 8.35 , the current P/B ratio is approximately -21.25% higher. Relative to its 5-year average P/B ratio of 9.14, the current P/B ratio is about -28.05% higher. Equity LifeStyle Properties Inc (ELS) has a Forward Free Cash Flow (FCF) yield of approximately 4.96%. Compared to its 3-year average FCF yield of 4.24%, the current FCF yield is approximately 16.96% lower. Relative to its 5-year average FCF yield of 4.03% , the current FCF yield is about 23.07% lower.

6.65

P/B

Median3y

8.35

Median5y

9.14

5.02

FCF Yield

Median3y

4.24

Median5y

4.03

Competitors Valuation Multiple

The average P/S ratio for ELS's competitors is 5.70, providing a benchmark for relative valuation. Equity LifeStyle Properties Inc Corp (ELS) exhibits a P/S ratio of 7.49, which is 31.53% above the industry average. Given its robust revenue growth of -0.69%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

ELS.N

Equity LifeStyle Properties Inc

Omega Healthcare Investors Inc

Host Hotels & Resorts Inc

Healthpeak Properties Inc

Performance Decomposition

Market capitalization of ELS decreased by 15.99% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 21.76 to 22.28.

The secondary factor is the Revenue Growth, contributed -0.69%to the performance.

Overall, the performance of ELS in the past 1 year is driven by Margin Expansion. Which is more sustainable.

-0.69%

377.39M → 374.78M

Revenue Growth

2.39%

21.76 → 22.28

Margin Expansion

-17.69%

37.75 → 31.07

P/E Change

-15.99%