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Welltower Inc. (NYSE:WELL), a real estate investment trust ( REIT ) and S&P 500 company, is positioned at the center of the silver economy, focusing on rental housing for aging seniors across the United States, United Kingdom and Canada. Our portfolio predominantly consists of 2,500+ seniors and wellness housing communities that are positioned at the intersection of housing and hospital…
$243.25
+$1.76 (+0.73%)
EOD Jul 17, 2026
The business is unprofitable at the operating level (-4.34% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 35.9%, still solid. Margins contracted 10.8pp, which offsets some of the top-line progress.
At 121x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of $16.35B represents 8.9x FCF, leverage limits flexibility.
121.0x earnings, 94.3x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$11.77B
▲ +35.9% YoY
Net Income (TTM)
$1.41B
▼ -1.6% YoY
Op. Margin
-2.78%
▼ -10.8pp YoY
ROIC
-0.44%
▼ -1.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.87B
▲ +30.9% YoY
Op. Cash Flow (TTM)
$2.95B
▲ +27.7% YoY
Net Debt
$15.28B
Cash & Equiv.
$4.70B
5Y CAGR: +19.2%
5Y CAGR: +10.3%
Continue Research
At a P/E of 121.0 and a price-to-free-cash-flow of 94.3, Welltower (WELL) trades above a two-stage DCF intrinsic value of about $68.06 per share, so at $243.25 the stock looks overvalued (72.0% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Welltower scores 55/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 1.1%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $68.06 per share for WELL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $51.04. At today's $243.25, that puts the stock about 72.0% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Welltower scores 55 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a -2.8% operating margin and a -0.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Welltower pays a regular dividend of about $2.71 per share per year (typically in quarterly installments), a yield of roughly 1.1% at the current price. That is a payout ratio of about 139.7% of earnings, so the dividend is stretched at this level. Welltower has grown the dividend at roughly 16.0% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For WELL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. WELL currently trades above its estimated intrinsic value and scores 55/100 on quality (mixed). It also yields about 1.1%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.