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 2,278 - -
Change - -36.76% 40.69% -30.41% 33.05% 8.21% - -
Enterprise Value (EV) 1 3,620 1,616 3,418 2,887 3,873 3,765 3,875 3,987
Change - -55.35% 111.49% -15.53% 34.15% -2.79% 2.92% 2.89%
P/E 7x 4.21x 11.8x 5x 5.95x 5.53x 5.7x 4.67x
PBR 0.77x - 0.61x - 0.58x 0.6x 0.57x 0.51x
PEG - 0.69x -0.2x 0.1x 0.5x 0.4x -1.95x 0.2x
Capitalization / Revenue 17.1x 7.44x 10.3x 7.2x 8.46x 9x 7.39x 6.12x
EV / Revenue 24.2x 7.44x 15.5x 13.1x 15.6x 14.9x 12.6x 10.7x
EV / EBITDA 30.2x 9.7x 20.7x 17.9x 18.1x 18.6x 15.5x 14x
EV / EBIT 30.5x 9.8x 21.2x 18.5x 18.7x 21.4x 16.7x 13.8x
EV / FCF 7.06x - -8.62x - -5.1x 2.49x 9.59x 9.31x
FCF Yield 14.2% - -11.6% - -19.6% 40.1% 10.4% 10.7%
Dividend per Share 2 0.87 - 0.7 - 3.959 1.376 1.295 1.54
Rate of return 3.44% - 3.07% - 16.4% 5.28% 4.97% 5.91%
EPS 2 3.612 3.831 1.925 3.603 4.07 4.709 4.571 5.585
Distribution rate 24.1% - 36.4% - 97.3% 29.2% 28.3% 27.6%
Net sales 1 149.4 217.2 220.2 219.7 248.8 253 308.3 372.4
EBITDA 1 119.7 166.6 165 161.7 213.8 202.9 250.4 285.4
EBIT 1 118.9 164.9 161 156.1 207.2 176.3 232 290
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 1,487 1,597 1,709
Reference price 2 25.29 16.12 22.80 18.01 24.20 26.06 26.06 26.06
Nbr of stocks (in thousands) 101,044 100,258 99,728 87,859 86,999 87,425 - -
Announcement Date 08/02/22 08/02/23 06/02/24 05/02/25 11/02/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
5.53x14.88x18.55x5.28% 446M
15.78x4.97x13.37x3.21% 44.9B
20.45x4.21x17.18x1.22% 30.13B
8.47x1.48x7.57x4.16% 29.81B
5.69x0.63x1.31x8.85% 27.19B
14.69x3.15x15.08x2.39% 26.11B
9.19x2.37x7.3x3.8% 21.66B
15.17x6.87x18.36x1.4% 21.34B
10.27x1.65x14.29x3.68% 18.7B
Average 11.69x 4.47x 12.56x 3.78% 24.48B
Weighted average by Cap. 12.86x 3.31x 11.79x 3.59%

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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