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 2,246 - -
Change - -36.76% 40.69% -30.41% 33.05% 6.68% - -
Enterprise Value (EV) 1 3,620 1,616 3,418 2,887 3,873 3,733 3,843 3,871
Change - -55.35% 111.49% -15.53% 34.15% -3.63% 2.95% 0.73%
P/E 7x 4.21x 11.8x 5x 5.95x 6.25x 6.46x 5.51x
PBR 0.77x - 0.61x - 0.58x 0.59x 0.56x 0.5x
PEG - 0.69x -0.2x 0.1x 0.5x 6.44x -2.03x 0.3x
Capitalization / Revenue 17.1x 7.44x 10.3x 7.2x 8.46x 8.77x 7.32x 6.04x
EV / Revenue 24.2x 7.44x 15.5x 13.1x 15.6x 14.6x 12.5x 10.4x
EV / EBITDA 30.2x 9.7x 20.7x 17.9x 18.1x 17.1x 15.6x 13.6x
EV / EBIT 30.5x 9.8x 21.2x 18.5x 18.7x 17.9x 16.9x 13.5x
EV / FCF 7.06x - -8.62x - -5.1x 2.44x 7.23x 9.03x
FCF Yield 14.2% - -11.6% - -19.6% 40.9% 13.8% 11.1%
Dividend per Share 2 0.87 - 0.7 - 3.959 1.376 1.295 1.54
Rate of return 3.44% - 3.07% - 16.4% 5.36% 5.04% 5.99%
EPS 2 3.612 3.831 1.925 3.603 4.07 4.109 3.978 4.663
Distribution rate 24.1% - 36.4% - 97.3% 33.5% 32.6% 33%
Net sales 1 149.4 217.2 220.2 219.7 248.8 256 306.7 372
EBITDA 1 119.7 166.6 165 161.7 213.8 218.5 246.5 284.4
EBIT 1 118.9 164.9 161 156.1 207.2 208.8 227.8 286
Net income 1 369 386.1 192.2 343.4 354.6 360 487.2 408.3
Net Debt 1 1,065 - 1,144 1,305 1,768 1,487 1,597 1,625
Reference price 2 25.29 16.12 22.80 18.01 24.20 25.69 25.69 25.69
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.25x14.58x17.08x5.36% 442M
15.87x4.99x13.43x3.19% 45.16B
8.7x1.46x7.66x4.08% 30.1B
18.46x3.97x16.19x1.35% 28.4B
5.58x0.6x1.23x9.03% 26.66B
13.77x3.05x14.62x2.55% 25.55B
9.03x2.33x7.17x3.86% 21.29B
14.05x6.62x17.72x1.52% 20.63B
8.5x0.94x3.43x2.63% 21.74B
16.39x9.6x18.19x5.05% 17.52B
Average 11.66x 4.81x 11.67x 3.86% 23.75B
Weighted average by Cap. 12.46x 3.61x 11.04x 3.67%

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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