Company Valuation: Essential Properties Realty Trust, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,504 3,341 3,988 5,484 5,877 6,294 - -
Change - -4.65% 19.35% 37.52% 7.16% 7.09% - -
Enterprise Value (EV) 1 4,619 4,771 5,619 7,569 8,337 9,338 9,674 10,062
Change - 3.31% 17.76% 34.71% 10.14% 12.01% 3.6% 4.01%
P/E 35.2x 23.7x 20.6x 27.2x 23.2x 22.1x 20.7x 20.3x
PBR 1.76x 1.34x - 1.65x 1.38x 1.39x 1.31x 1.25x
PEG - 1.1x 0.8x -3.75x 2.1x 7.71x 3.08x 9.71x
Capitalization / Revenue 15.2x 11.7x 11.1x 12.2x 10.5x 9.42x 8.13x 7.2x
EV / Revenue 20.1x 16.7x 15.6x 16.8x 14.9x 14x 12.5x 11.5x
EV / EBITDA 23.6x 19x 17.3x 18.4x 16.3x 15.7x 13.8x 12.5x
EV / EBIT 36.4x 29.3x 33.4x 26.2x 23.2x 23.9x 20.4x 18.7x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1 1.075 1.12 1.16 1.205 1.27 1.322 1.379
Rate of return 3.47% 4.58% 4.38% 3.71% 4.06% 4.36% 4.54% 4.74%
EPS 2 0.82 0.99 1.24 1.15 1.28 1.317 1.405 1.434
Distribution rate 122% 109% 90.3% 101% 94.1% 96.4% 94.1% 96.1%
Net sales 1 230.2 286.5 359.6 449.6 561.2 667.8 774 874.4
EBITDA 1 195.9 251.4 324.2 410.8 512.7 595.4 700.1 805.4
EBIT 1 126.7 162.8 168 288.6 359.1 390.5 473.7 536.9
Net income 1 95.72 134.1 190.7 203 253 289.2 335.1 373
Net Debt 1 1,114 1,430 1,631 2,085 2,460 3,044 3,381 3,768
Reference price 2 28.83 23.47 25.56 31.28 29.66 29.10 29.10 29.10
Nbr of stocks (in thousands) 121,555 142,368 156,024 175,332 198,145 216,273 - -
Announcement Date 16/2/22 15/2/23 14/2/24 12/2/25 11/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.47x14.14x15.86x4.29% 6.4B
23.22x13.38x15.62x5.35% 15.94B
8.06x13.56x17.5x6.52% 6.47B
11.75x14.27x15.21x5.43% 6.22B
9.5x16.39x19.75x8.44% 5.71B
9.75x14.27x15.33x7.22% 5.69B
8.22x13.63x17.49x6.06% 5.64B
12.32x11.17x12.79x5.62% 5.11B
19.48x10.18x12.93x6.2% 4.57B
Average 13.86x 13.44x 15.83x 6.13% 6.86B
Weighted average by Cap. 15.34x 13.53x 15.89x 5.98%

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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