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 2,432 - -
Change - -36.76% 40.69% -30.41% 33.05% 15.52% - -
Enterprise Value (EV) 1 3,620 1,616 3,418 2,887 3,873 3,967 4,016 4,118
Change - -55.35% 111.49% -15.53% 34.15% 2.43% 1.22% 2.54%
P/E 7x 4.21x 11.8x 5x 5.95x 5.91x 6.09x 4.98x
PBR 0.77x - 0.61x - 0.58x 0.64x 0.61x 0.54x
PEG - 0.69x -0.2x 0.1x 0.5x 0.4x -2.08x 0.2x
Capitalization / Revenue 17.1x 7.44x 10.3x 7.2x 8.46x 9.65x 7.94x 6.75x
EV / Revenue 24.2x 7.44x 15.5x 13.1x 15.6x 15.7x 13.1x 11.4x
EV / EBITDA 30.2x 9.7x 20.7x 17.9x 18.1x 18.6x 16x 15.1x
EV / EBIT 30.5x 9.8x 21.2x 18.5x 18.7x 21.6x 17.5x 15.3x
EV / FCF 7.06x - -8.62x - -5.1x 2.29x 4.76x 6.92x
FCF Yield 14.2% - -11.6% - -19.6% 43.6% 21% 14.4%
Dividend per Share 2 0.87 - 0.7 - - 1.53 1.295 1.54
Rate of return 3.44% - 3.07% - - 5.5% 4.66% 5.54%
EPS 2 3.612 3.831 1.925 3.603 4.07 4.709 4.571 5.585
Distribution rate 24.1% - 36.4% - - 32.5% 28.3% 27.6%
Net sales 1 149.4 217.2 220.2 219.7 248.8 252 306.5 360.2
EBITDA 1 119.7 166.6 165 161.7 213.8 212.8 251.6 273.5
EBIT 1 118.9 164.9 161 156.1 207.2 183.7 229.6 270
Net income 1 369 386.1 192.2 343.4 354.6 412.9 487.2 489.4
Net Debt 1 1,065 - 1,144 1,305 1,768 1,535 1,584 1,686
Reference price 2 25.29 16.12 22.80 18.01 24.20 27.82 27.82 27.82
Nbr of stocks (in thousands) 101,044 100,258 99,728 87,859 86,999 87,425 - -
Announcement Date 8/2/22 8/2/23 6/2/24 5/2/25 11/2/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
5.91x15.74x18.64x5.5% 471M
14.74x4.68x12.71x3.42% 42.2B
22.51x4.39x18.44x1.13% 30.61B
6.15x0.76x1.55x8.2% 29.36B
7.62x1.38x6.92x4.68% 27.43B
14.93x3.12x15.43x2.35% 24.88B
15.65x1x6.59x2.38% 21.73B
15.49x6.71x19.03x1.22% 20.41B
9.01x2.17x7.45x4.12% 19.67B
Average 12.44x 4.44x 11.86x 3.67% 24.08B
Weighted average by Cap. 13.42x 3.13x 11.10x 3.54%

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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