Stock M44U MAPLETREE LOGISTICS TRUST
Add to a list
To use this feature you must be a member
Log inSign up

Financials Mapletree Logistics Trust

Equities

M44U

SG1S03926213

Commercial REITs

Market Closed - Singapore S.E.
Other stock markets
 05:15:59 2024-04-26 am EDT 		5-day change 1st Jan Change
1.35 SGD -0.74% Intraday chart for Mapletree Logistics Trust +3.05% -22.41%
Mar. 28 Singapore Shares Down at Market Close; Second Chance Properties Shares Down 2% MT
Mar. 28 Fitch Affirms Mapletree Logistics' BBB+ Rating With Stable Outlook MT

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,289 6,004 8,267 8,848 8,235 6,742 - -
Enterprise Value (EV) 1 8,178 9,398 12,212 13,467 12,810 11,835 11,928 11,926
P/E ratio 11.3 x 15.5 x 17.3 x 10.7 x 15.1 x 19.1 x 19 x 18.8 x
Yield 5.44% 5.15% 4.31% 4.75% 5.27% 6.53% 6.45% 6.48%
Capitalization / Revenue 11.6 x 12.2 x 14.7 x 13 x 11.3 x 8.87 x 8.57 x 8.29 x
EV / Revenue 18 x 19.2 x 21.8 x 19.8 x 17.5 x 15.6 x 15.2 x 14.7 x
EV / EBITDA 25.1 x 24.9 x 27.6 x 26.4 x 24.6 x 20.9 x 20.5 x 19.6 x
EV / FCF 18.4 x 25.5 x -241 x -35.8 x 36.6 x 21.5 x 23.5 x 20.8 x
FCF Yield 5.43% 3.93% -0.42% -2.79% 2.73% 4.64% 4.25% 4.81%
Price to Book 1.25 x 1.31 x 1.45 x 1.25 x 1.19 x 0.95 x 0.93 x 0.93 x
Nbr of stocks (in thousands) 3,622,335 3,800,274 4,283,206 4,782,707 4,816,004 4,993,959 - -
Reference price 2 1.460 1.580 1.930 1.850 1.710 1.350 1.350 1.350
Announcement Date 4/26/19 4/23/20 4/21/21 4/28/22 5/1/23 - - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 454.3 490.8 561.1 678.6 730.6 759.9 786.3 813.7
EBITDA 1 325.7 377.5 442.3 511 521.6 567.1 583.1 608.5
EBIT 1 323.6 377.5 439.3 507.4 517.5 562.3 580.5 605.4
Operating Margin 71.24% 76.91% 78.28% 74.77% 70.83% 73.99% 73.83% 74.39%
Earnings before Tax (EBT) 1 499.3 446.5 565.7 993.7 657.4 422.5 415.5 422.6
Net income 1 439 377.2 445.7 762.9 545.1 369 366 375
Net margin 96.64% 76.85% 79.43% 112.44% 74.6% 48.56% 46.56% 46.08%
EPS 2 0.1297 0.1019 0.1118 0.1723 0.1136 0.0706 0.0710 0.0719
Free Cash Flow 1 444.1 369.3 -50.77 -376 350.1 549.5 506.5 573.5
FCF margin 97.77% 75.24% -9.05% -55.41% 47.92% 72.31% 64.42% 70.48%
FCF Conversion (EBITDA) 136.35% 97.82% - - 67.11% 96.89% 86.87% 94.25%
FCF Conversion (Net income) 101.17% 97.9% - - 64.23% 148.9% 138.37% 152.94%
Dividend per Share 2 0.0794 0.0814 0.0833 0.0879 0.0901 0.0881 0.0871 0.0875
Announcement Date 4/26/19 4/23/20 4/21/21 4/28/22 5/1/23 - - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 165.1 166.9 182.9 187.7 183.9 180.2 178.9 182.2 186.7 184 209.4 194.4 194.4 194.4
EBITDA - - - - - - - - - - - - - -
EBIT 1 122.6 122.4 132.9 131.8 135.1 122.6 133.2 138.1 120.9 132.2 178.2 145.3 145.3 145.3
Operating Margin 74.29% 73.34% 72.66% 70.22% 73.46% 68.01% 74.46% 75.79% 64.75% 71.82% 85.11% 74.76% 74.76% 74.76%
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - -
EPS - - - - - - - - - - - - - -
Dividend per Share 0.0217 - - 0.0227 0.0225 - - 0.0227 0.0227 - - - - -
Announcement Date 10/25/21 1/28/22 4/28/22 7/21/22 10/25/22 1/19/23 5/1/23 7/25/23 10/24/23 1/24/24 - - - -
1SGD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,889 3,394 3,945 4,619 4,575 5,093 5,186 5,184
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 8.871 x 8.991 x 8.921 x 9.04 x 8.77 x 8.98 x 8.894 x 8.52 x
Free Cash Flow 1 444 369 -50.8 -376 350 550 507 574
ROE (net income / shareholders' equity) 10.8% 9.23% 8.02% 11.1% 7.19% 4.82% 4.91% 5.1%
ROA (Net income/ Total Assets) 5.95% 5.21% 4.4% 6.13% 4.02% 2.62% 2.52% 2.6%
Assets 1 7,378 7,235 10,128 12,447 13,556 14,066 14,518 14,406
Book Value Per Share 2 1.170 1.210 1.330 1.480 1.440 1.420 1.450 1.450
Cash Flow per Share 2 0.1000 0.1000 0.1100 0.1100 0.1300 0.1200 0.1100 0.1100
Capex 1 937 653 497 870 43.5 54.7 60 60.3
Capex / Sales 206.33% 132.98% 88.49% 128.2% 5.95% 7.19% 7.64% 7.41%
Announcement Date 4/26/19 4/23/20 4/21/21 4/28/22 5/1/23 - - -
1SGD in Million2SGD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Mapletree Logistics Trust

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
1.35 SGD
Average target price
1.768 SGD
Spread / Average Target
+30.94%
Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Industrial REITs

1st Jan change Capi.
MAPLETREE LOGISTICS TRUST Stock Mapletree Logistics Trust
-22.41% 4.95B
PROLOGIS, INC. Stock ProLogis, Inc.
-21.94% 96.34B
GOODMAN GROUP Stock Goodman Group
+21.78% 38.16B
REXFORD INDUSTRIAL REALTY, INC. Stock Rexford Industrial Realty, Inc.
-22.99% 9.39B
EASTGROUP PROPERTIES, INC. Stock EastGroup Properties, Inc.
-15.05% 7.49B
AMERICOLD REALTY TRUST, INC. Stock Americold Realty Trust, Inc.
-26.53% 6.32B
STAG INDUSTRIAL, INC. Stock STAG Industrial, Inc.
-12.18% 6.27B
FIRST INDUSTRIAL REALTY TRUST, INC. Stock First Industrial Realty Trust, Inc.
-12.66% 6.09B
WAREHOUSES DE PAUW SA Stock Warehouses De Pauw SA
-13.12% 5.8B
TERRENO REALTY CORPORATION Stock Terreno Realty Corporation
-13.63% 5.22B
Industrial REITs
  1. Stock Market
  2. Equities
  3. M44U Stock
  4. Financials Mapletree Logistics Trust