Financials W. P. Carey Inc.

Equities

WPC

US92936U1097

Diversified REITs

Market Closed - Nyse 04:00:01 2024-04-19 pm EDT 5-day change 1st Jan Change
56.21 USD +2.85% Intraday chart for W. P. Carey Inc. +2.26% -13.27%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,789 12,380 15,285 16,258 14,172 12,300 - -
Enterprise Value (EV) 1 19,647 18,827 21,911 23,968 21,682 19,844 20,412 21,068
P/E ratio 45 x 27.1 x 36.6 x 26.1 x 19.8 x 24.8 x 23.5 x -
Yield 5.17% 5.91% 5.12% 5.43% 6.28% 6.16% 6.24% 6.55%
Capitalization / Revenue 11.2 x 10.2 x 11.5 x 11 x 8.14 x 7.54 x 7.08 x 6.23 x
EV / Revenue 15.9 x 15.6 x 16.5 x 16.2 x 12.5 x 12.2 x 11.7 x 10.7 x
EV / EBITDA 20 x 19.6 x 20.3 x 21.5 x 15.7 x 15 x 14.2 x 13.2 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.99 x 1.8 x 2.06 x 1.83 x 1.63 x 1.45 x 1.46 x -
Nbr of stocks (in thousands) 172,276 175,398 186,285 208,033 218,672 218,824 - -
Reference price 2 80.04 70.58 82.05 78.15 64.81 56.21 56.21 56.21
Announcement Date 2/21/20 2/12/21 2/11/22 2/10/23 2/9/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,233 1,209 1,332 1,479 1,741 1,632 1,738 1,974
EBITDA 1 981.3 960.7 1,081 1,116 1,384 1,327 1,435 1,592
EBIT 1 534.2 517.7 604.9 612.1 809.8 802.8 872.5 993.3
Operating Margin 43.33% 42.81% 45.43% 41.38% 46.5% 49.18% 50.2% 50.32%
Earnings before Tax (EBT) 1 332.8 445.2 438.6 626.2 752.3 545.1 606.9 -
Net income 1 305.2 455.4 410 599.1 708.3 501.8 546.9 644.9
Net margin 24.76% 37.65% 30.79% 40.51% 40.68% 30.74% 31.47% 32.67%
EPS 2 1.780 2.600 2.240 2.990 3.280 2.263 2.397 -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 4.140 4.172 4.205 4.242 4.067 3.463 3.506 3.682
Announcement Date 2/21/20 2/12/21 2/11/22 2/10/23 2/9/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales 1 325.8 374.9 348.4 344.4 383.6 402.6 427.8 452.6 448.6 412.4 396.4 403.2 407.7 413 416.6
EBITDA 1 253.4 310 265.2 272.7 269 308.6 349.4 364.4 351.9 328.1 321.3 321.1 328 337.5 347.4
EBIT 1 137.7 174.3 149.8 157.6 136.8 167.8 193 220.9 207.1 198.6 195 191.1 196.3 202.3 -
Operating Margin 42.28% 46.51% 43% 45.77% 35.66% 41.68% 45.11% 48.81% 46.18% 48.16% 49.19% 47.4% 48.16% 48.97% -
Earnings before Tax (EBT) 1 146.9 104.7 164.1 134 - - 309.6 154.7 130.1 215.6 126.3 137.5 139.5 141.8 147.9
Net income 1 138.5 99.56 157 127.7 104.9 209.5 294.4 144.6 125 144.3 120.9 122.4 123.3 126.3 136.9
Net margin 42.53% 26.56% 45.06% 37.07% 27.35% 52.04% 68.81% 31.95% 27.88% 34.99% 30.49% 30.36% 30.26% 30.58% 32.85%
EPS 2 0.7400 0.5300 0.8200 0.6600 0.5100 1.000 1.390 0.6700 0.5800 0.6600 0.5600 0.5550 0.5500 0.5600 0.6200
Dividend per Share 2 1.052 1.055 1.057 1.059 1.061 1.065 1.067 1.069 1.071 0.8600 0.8600 0.8600 0.8625 0.8625 0.8667
Announcement Date 10/29/21 2/11/22 4/29/22 7/29/22 11/4/22 2/10/23 4/28/23 7/28/23 11/3/23 2/9/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 5,858 6,447 6,626 7,710 7,510 7,544 8,112 8,768
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.969 x 6.711 x 6.13 x 6.911 x 5.427 x 5.686 x 5.651 x 5.507 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 4.44% 6.59% 5.67% 7.23% 8.01% 7.93% 10.1% 6.7%
ROA (Net income/ Total Assets) 2.5% 3.17% 2.72% 3.57% 3.93% 6.3% 6.93% -
Assets 1 12,219 14,383 15,094 16,792 18,039 7,960 7,890 -
Book Value Per Share 2 40.30 39.20 39.90 42.70 39.80 38.60 38.40 -
Cash Flow per Share - - - - - - - -
Capex 1 - - - - - 36 - -
Capex / Sales - - - - - 2.21% - -
Announcement Date 2/21/20 2/12/21 2/11/22 2/10/23 2/9/24 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
13
Last Close Price
56.21 USD
Average target price
62.1 USD
Spread / Average Target
+10.48%
Consensus
  1. Stock Market
  2. Equities
  3. WPC Stock
  4. Financials W. P. Carey Inc.