QualityDipStocks / Finance · Real Estate
Invitation Homes INVH
Outside our quality screen, so we don’t track its dips. It’s 13% below its 52-week high.
Outside our quality screen, trading well below our fair value estimate.
- Fair value est.
- $33.49+26%
- Market Value
- forming
- Off 52-wk high
- −13%
- Risk vs market
- Lowbeta 0.07
5 bullish · 5 bearish See why
Key levels
Every level vs today’s $26.56
- 52-wk lowlowest close, 1 year$24.39−8.2%
- PriceFri Oct 30 close$26.56you are here
- 52-wk highhighest close, 1 year$30.59+15.2%
- Fair value est.base case$33.49+26.1%
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 6.8% ±2 points. Bear = 10.5% and 4.8%; bull = 8.5% and 8.8% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price sits inside the range.
What the price implies To be worth today’s price, INVH’s free cash flow would need to grow about 3% a year for five years; our estimate uses 7%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much INVH moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 1.6× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- 0.07
- Volatility
- 21% vs 13% SPY
- Correlation SPY
- 0.04
- Correlation QQQ
- −0.12
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
ValuationOur DCF fair value estimate is $33.49, 26% above the price.
ValuationFree-cash-flow yield of 6.4% (price / FCF 15.6×): $1.0B of free cash in the last 12 months.
Cash returnsDividend yield of 4.6% ($720M paid over 12 months).
Cash returnsShare count down 4.0% in a year: $851M of buybacks over 12 months.
GrowthDiluted EPS grew 30% to $0.96 in FY2025.
Top bearish points 5 of 5
Balance sheetNet debt of $8.7B, 55% of the market cap (Sep 30, 2026).
Cash returnsPays out more in dividends than it earns: $720M paid vs $680M of net income.
ProfitabilityReturn on equity is only 7% over the last 12 months.
ValuationP/E of 23.0×, above the 13.5× median for the 151 Finance companies we cover.
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%; net debt 5.8× EBITDA (limit 3×).
Who’s talking about it
Notable investors, executives, analysts and public figures on Invitation Homes in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.
Compare with peers
Closest in size in Finance
All fundamentals
P/E 23.0 · FCF yield 6.4% · ROE 7%
Valuation
- P/E
- 23.0×Finance median 13.5×
- Price / FCF
- 15.6×
- FCF yield
- 6.4%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 5.39×
- Price / book
- 1.77×
- Market cap
- $15.6Bprice × diluted shares
- Enterprise value
- $24.3B
Growth
- Revenue, 12 months
- $2.9B
- Sales growth, 12 months
- +7.2%vs the 12 months before
- Sales growth, 3 yrs
- +6.8%/yrfrom FY2022
- Diluted EPS, 12 months
- $1.14
- EPS growth, last FY
- +29.7%
- Net income, 12 months
- $680M
- Net income growth
- +16%12 months vs before
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- 23.5%
- FCF margin
- 34.6%
- Return on equity
- 7%
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- $79M
- Total debt
- $8.7B
- Net cash
- −$8.7B
- Debt / equity
- 0.99×
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- $1.0B
- FCF growth, 12 months
- −15%
- Dividend yield
- 4.60%$720M paid
- Payout ratio
- 106%
- Buybacks, 12 months
- $851M5.4% of market cap
- Share count, 1 year
- −4.0%diluted shares vs a year ago
- Stock-based comp
- $39M
Trailing 12 months to Sep 30, 2026; balance sheet at Sep 30, 2026. From Invitation Homes’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
Valuation details
DCF $33.49 · FCF value $49.06
Assumes 6.8% growth for 5 years (revenue grew 6.8% a year FY22–FY25), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $1.70 a share (trailing 12 months to Sep 30, 2026), from the 10-Q filed Oct 29, 2026. Net debt $8.7B, not deducted.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Momentum & 52-week range
RSI 43 · 5 days −3.6%
The business
FCF $1.2B · Sales +1%
- Free cash flow, 12 months$1.2B
- Free-cash-flow yield7.4%
- Free-cash-flow margin41%
- Gross margin55%
- Operating margin24%
- Return on invested capital3%
- Return on equity7%
- Sales growth (latest quarter vs year-ago quarter)+1%
- Net debt / EBITDA5.8×
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.
INVH is outside our quality screen
One text when a published rule fires on one of the 333 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.