Company Valuation: LOG Commercial Properties e Participações S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,555 1,616 2,274 1,582 2,105 2,151 - -
Change - -36.76% 40.69% -30.41% 33.05% 2.15% - -
Enterprise Value (EV) 1 3,620 1,616 3,418 2,887 3,873 3,687 3,748 3,721
Change - -55.35% 111.49% -15.53% 34.15% -4.8% 1.64% -0.72%
P/E 7x 4.21x 11.8x 5x 5.95x 6.58x 6.18x 5.28x
PBR 0.77x - 0.61x - 0.58x 0.59x 0.54x 0.48x
PEG - 0.69x -0.2x 0.1x 0.5x -0.81x 0.97x 0.3x
Capitalization / Revenue 17.1x 7.44x 10.3x 7.2x 8.46x 8.83x 7.01x 5.75x
EV / Revenue 24.2x 7.44x 15.5x 13.1x 15.6x 15.1x 12.2x 9.95x
EV / EBITDA 30.2x 9.7x 20.7x 17.9x 18.1x 19.1x 15.2x 12.8x
EV / EBIT 30.5x 9.8x 21.2x 18.5x 18.7x 23.3x 16.2x 12.8x
EV / FCF 7.06x - -8.62x - -5.1x 2.41x 7.05x 8.68x
FCF Yield 14.2% - -11.6% - -19.6% 41.5% 14.2% 11.5%
Dividend per Share 2 0.87 - 0.7 - 3.959 1.376 1.295 1.36
Rate of return 3.44% - 3.07% - 16.4% 5.59% 5.26% 5.53%
EPS 2 3.612 3.831 1.925 3.603 4.07 3.74 3.978 4.663
Distribution rate 24.1% - 36.4% - 97.3% 36.8% 32.6% 29.2%
Net sales 1 149.4 217.2 220.2 219.7 248.8 243.5 306.7 373.8
EBITDA 1 119.7 166.6 165 161.7 213.8 193.5 246.5 291.2
EBIT 1 118.9 164.9 161 156.1 207.2 158 232 290
Net income 1 369 386.1 192.2 343.4 354.6 327 487.2 408.3
Net Debt 1 1,065 - 1,144 1,305 1,768 1,536 1,597 1,570
Reference price 2 25.29 16.12 22.80 18.01 24.20 24.60 24.60 24.60
Nbr of stocks (in thousands) 101,044 100,258 99,728 87,859 86,999 87,425 - -
Announcement Date 2/8/22 2/8/23 2/6/24 2/5/25 2/11/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
6.58x15.28x21.56x7.6% 422M
15.16x4.81x12.94x3.34% 43.1B
8.65x1.5x7.83x4.11% 29.9B
18.41x4.03x16.47x1.34% 28.14B
6.36x0.35x0.73x8.93% 26.95B
13.66x3.05x14.7x2.59% 24.8B
8.29x0.92x3.34x2.7% 21.2B
8.92x2.3x7.07x3.91% 21.01B
13.7x6.59x17.66x1.55% 19.85B
10.1x1.64x14.18x3.74% 18.4B
Average 10.98x 4.05x 11.65x 3.98% 23.38B
Weighted average by Cap. 11.82x 2.93x 10.61x 3.64%

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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