Company Valuation: Gladstone Commercial Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 960.4 732.7 528.9 713.2 516.4 608.5 - -
Change - -23.71% -27.81% 34.85% -27.59% 17.82% - -
Enterprise Value (EV) 960.4 732.7 528.9 713.2 516.4 608.5 608.5 608.5
Change - -23.71% -27.81% 34.85% -27.59% 17.82% 0% 0%
P/E ratio -215x -231x -69.7x 60.1x 76.2x 82x 87.7x -
PBR - - - - - - - -
PEG - 6.9x -1x -0x -1.6x 8.61x -13.45x -
Capitalization / Revenue 6.98x 4.92x 3.58x 4.77x 3.2x 3.5x 3.38x 3.36x
EV / Revenue 0x 0x 0x 0x 0x 3.5x 3.38x 3.36x
EV / EBITDA 0x 0x 0x 0x 0x 4.69x 4.52x -
EV / EBIT 0x 0x 0x 0x 0x 9.39x 9.13x -
EV / FCF - 0x - 0x 0x 4.9x 4.82x 4.74x
FCF Yield - 8.51% - 6.19% 13% 20.4% 20.8% 21.1%
Dividend per Share 2 1.502 1.505 1.2 1.2 1.2 1.2 1.2 -
Rate of return 5.83% 8.13% 9.06% 7.39% 11.2% 9.55% 9.55% -
EPS 2 -0.12 -0.08 -0.19 0.27 0.14 0.1533 0.1433 -
Distribution rate -1,252% -1,881% -632% 444% 857% 783% 837% -
Net sales 1 137.7 149 147.6 149.4 161.3 173.8 180.1 181.3
EBITDA 1 95.2 92.89 108.6 109.2 118.2 129.9 134.7 -
EBIT 1 34.89 31.22 31.48 44.32 59.95 64.83 66.67 -
Net income 1 -4.554 -3.062 -7.801 11.17 6.591 7.479 6.912 -
Net Debt - - - - - - - -
Reference price 2 25.77 18.50 13.24 16.24 10.67 12.57 12.57 12.57
Nbr of stocks (in thousands) 37,268 39,607 39,949 43,919 48,401 48,407 - -
Announcement Date 2/15/22 2/22/23 2/21/24 2/18/25 2/18/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
83.15x - - 9.41% 617M
29.57x13.62x16.16x5.05% 16.17B
25.1x15.16x16.63x3.83% 7B
13.91x14.79x15.45x5.2% 6.49B
8.31x17.08x20.59x7.76% 6.33B
13.23x13.47x17.73x6.71% 6.19B
10.85x15.51x16.77x6.45% 6.16B
7.41x14.37x18.39x5.82% 5.36B
12.82x11.56x13.13x5.29% 5.08B
26.07x17.91x27.22x4.09% 4.78B
Average 23.04x 14.83x 18.01x 5.96% 6.42B
Weighted average by Cap. 19.11x 14.64x 17.57x 5.55%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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