Financials Prologis, Inc. OTC Markets

Equities

PLDGP

US74340W2026

Commercial REITs

Delayed OTC Markets 02:20:52 2024-05-16 pm EDT 5-day change 1st Jan Change
56.44 USD +0.34% Intraday chart for Prologis, Inc. +2.54% +2.62%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 56,316 73,671 124,473 104,059 123,165 101,834 - -
Enterprise Value (EV) 1 67,133 89,922 141,632 127,656 151,635 132,527 133,570 133,857
P/E ratio 36.2 x 49.6 x 42.7 x 27.2 x 40.5 x 42.9 x 37 x 31.3 x
Yield 2.38% 2.33% 1.5% 2.8% 2.61% 3.45% 3.68% 3.88%
Capitalization / Revenue 19.9 x 19.4 x 30 x 21.2 x 18.1 x 13.5 x 12.3 x 10.9 x
EV / Revenue 23.7 x 23.7 x 34.1 x 26 x 22.2 x 17.5 x 16.1 x 14.3 x
EV / EBITDA 31.5 x 30.3 x 44.3 x 31.2 x 27.2 x 22.4 x 19.9 x 17.6 x
EV / FCF 45,601,565 x -14,780,071,364 x 47,273,077 x 279,054,792 x - - - -
FCF Yield 0% -0% 0% 0% - - - -
Price to Book 2.53 x 2.31 x 3.73 x 1.96 x 2.32 x 1.8 x 1.83 x 1.98 x
Nbr of stocks (in thousands) 631,775 739,223 739,327 923,079 923,971 925,844 - -
Reference price 2 89.14 99.66 168.4 112.7 133.3 110.0 110.0 110.0
Announcement Date 1/22/20 1/26/21 1/19/22 1/18/23 1/17/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,832 3,791 4,148 4,913 6,819 7,564 8,282 9,363
EBITDA 1 2,132 2,964 3,195 4,093 5,569 5,914 6,726 7,595
EBIT 1 991.9 1,402 1,617 2,280 3,084 3,294 3,837 4,912
Operating Margin 35.03% 36.98% 38.99% 46.41% 45.24% 43.55% 46.34% 52.46%
Earnings before Tax (EBT) 1 1,776 1,747 3,323 3,691 3,464 2,736 3,376 3,846
Net income 1 1,567 1,473 2,934 3,359 3,053 2,527 3,084 3,424
Net margin 55.33% 38.86% 70.72% 68.36% 44.78% 33.41% 37.24% 36.56%
EPS 2 2.460 2.010 3.940 4.140 3.290 2.564 2.971 3.510
Free Cash Flow 1,472 -6.084 2,996 457.5 - - - -
FCF margin 51.99% -0.16% 72.23% 9.31% - - - -
FCF Conversion (EBITDA) 69.06% - 93.76% 11.18% - - - -
FCF Conversion (Net income) 93.95% - 102.13% 13.62% - - - -
Dividend per Share 2 2.120 2.320 2.520 3.160 3.480 3.791 4.044 4.272
Announcement Date 1/22/20 1/26/21 1/19/22 1/18/23 1/17/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 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
Net sales 1 1,074 1,077 1,093 1,152 1,591 1,634 1,651 1,777 1,756 1,828 1,865 1,916 1,960 2,042 2,057
EBITDA 1 874.1 807.4 829.8 1,241 1,215 1,177 1,804 1,306 1,282 1,300 1,454 1,494 1,543 1,558 1,623
EBIT 1 477.3 410.8 427.5 839.3 602.9 575 1,202 663.5 643.8 662.5 803.9 844.6 877.4 944.1 1,049
Operating Margin 44.43% 38.14% 39.1% 72.86% 37.89% 35.19% 72.79% 37.33% 36.67% 36.25% 43.1% 44.08% 44.78% 46.24% 51.03%
Earnings before Tax (EBT) 1 1,341 1,249 696.3 1,108 637.8 530.7 1,359 840.4 734.4 663.6 694.8 733.6 762.1 755.8 830.5
Net income 1 1,247 1,149 609.9 1,014 585.8 463.2 1,215 746.2 629.5 584.3 642.3 697.7 732.8 737.1 800.8
Net margin 116.09% 106.72% 55.77% 88.03% 36.82% 28.35% 73.54% 41.98% 35.85% 31.97% 34.44% 36.41% 37.4% 36.1% 38.94%
EPS 2 1.670 1.500 0.8000 1.320 0.6200 0.5000 1.310 0.8000 0.6800 0.6300 0.6527 0.7282 0.7212 0.7600 0.8500
Dividend per Share 2 0.6300 0.7900 0.7900 0.7900 0.7900 0.8700 0.8700 0.8700 0.8700 0.9600 0.9548 0.9548 0.9548 1.006 0.9984
Announcement Date 1/19/22 4/19/22 7/18/22 10/19/22 1/18/23 4/18/23 7/18/23 10/17/23 1/17/24 4/17/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 10,817 16,251 17,159 23,597 28,470 30,693 31,737 32,024
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.074 x 5.483 x 5.37 x 5.765 x 5.112 x 5.19 x 4.718 x 4.216 x
Free Cash Flow 1,472 -6.08 2,996 457 - - - -
ROE (net income / shareholders' equity) 6.97% 5.39% 8.97% 7.75% 5.74% 4.36% 4.79% 5.92%
ROA (Net income/ Total Assets) 3.99% 3.07% 5.12% 4.59% 3.38% 2.23% 2.52% 3%
Assets 1 39,225 48,049 57,306 73,192 90,460 113,538 122,469 114,118
Book Value Per Share 2 35.30 43.20 45.20 57.60 57.50 61.20 60.20 55.60
Cash Flow per Share 3.460 3.000 3.920 5.080 5.650 - - -
Capex 1 1,185 2,943 3,139 3,669 4,091 4,805 4,665 3,942
Capex / Sales 41.86% 77.63% 75.67% 74.68% 60% 63.53% 56.33% 42.1%
Announcement Date 1/22/20 1/26/21 1/19/22 1/18/23 1/17/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
23
Last Close Price
110 USD
Average target price
132.3 USD
Spread / Average Target
+20.31%
Consensus
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