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 2,238 - -
Change - -36.76% 40.69% -30.41% 33.05% 6.28% - -
Enterprise Value (EV) 1 3,620 1,616 3,418 2,887 3,873 3,660 3,812 3,772
Change - -55.35% 111.49% -15.53% 34.15% -5.51% 4.17% -1.05%
P/E 7x 4.21x 11.8x 5x 5.95x 5.72x 5.75x 5.51x
PBR 0.77x - 0.61x - 0.58x 0.61x 0.57x 0.52x
PEG - 0.69x -0.2x 0.1x 0.5x 0.57x -9.25x 1.26x
Capitalization / Revenue 17.1x 7.44x 10.3x 7.2x 8.46x 9.05x 7.77x 6.17x
EV / Revenue 24.2x 7.44x 15.5x 13.1x 15.6x 14.8x 13.2x 10.4x
EV / EBITDA 30.2x 9.7x 20.7x 17.9x 18.1x 18.9x 15.8x 13.6x
EV / EBIT 30.5x 9.8x 21.2x 18.5x 18.7x 21x 17.7x 14.6x
EV / FCF 7.06x - -8.62x - -5.1x 2.59x 7.07x 8.3x
FCF Yield 14.2% - -11.6% - -19.6% 38.6% 14.1% 12%
Dividend per Share 2 0.87 - 0.7 - 3.959 2.819 2.306 1.5
Rate of return 3.44% - 3.07% - 16.4% 11% 9.01% 5.86%
EPS 2 3.612 3.831 1.925 3.603 4.07 4.476 4.448 4.642
Distribution rate 24.1% - 36.4% - 97.3% 63% 51.8% 32.3%
Net sales 1 149.4 217.2 220.2 219.7 248.8 247.2 288 362.6
EBITDA 1 119.7 166.6 165 161.7 213.8 193.8 241.4 278.1
EBIT 1 118.9 164.9 161 156.1 207.2 174.5 215.7 258.3
Net income 1 369 386.1 192.2 343.4 354.6 443.6 496.1 462.4
Net Debt 1 1,065 - 1,144 1,305 1,768 1,422 1,575 1,535
Reference price 2 25.29 16.12 22.80 18.01 24.20 25.59 25.59 25.59
Nbr of stocks (in thousands) 101,044 100,258 99,728 87,859 86,999 87,441 - -
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.($)
5.72x14.81x18.88x11.02% 427M
60.56x - - - 64.64B
13.75x4.48x12.05x3.68% 39.14B
5.61x0.73x1.51x8.77% 27.43B
8.05x1.45x8.04x4.4% 26.73B
17.28x3.88x15.6x1.42% 26.68B
13.18x3.02x14.44x2.65% 24.33B
9.11x3.35x7.66x-.--% 21.47B
10.19x2x8.23x4.12% 20.47B
7.95x0.88x3.21x2.81% 20.33B
Average 15.14x 3.84x 9.96x 4.32% 27.17B
Weighted average by Cap. 22.72x 2.65x 9.19x 3.63%

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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