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 2,223 - -
Change - -36.76% 40.69% -30.41% 33.05% 5.6% - -
Enterprise Value (EV) 1 3,620 1,616 3,418 2,887 3,873 3,710 3,820 3,848
Change - -55.35% 111.49% -15.53% 34.15% -4.21% 2.97% 0.74%
P/E 7x 4.21x 11.8x 5x 5.95x 6.19x 6.39x 5.45x
PBR 0.77x - 0.61x - 0.58x 0.59x 0.55x 0.5x
PEG - 0.69x -0.2x 0.1x 0.5x 6.38x -2x 0.3x
Capitalization / Revenue 17.1x 7.44x 10.3x 7.2x 8.46x 8.68x 7.25x 5.98x
EV / Revenue 24.2x 7.44x 15.5x 13.1x 15.6x 14.5x 12.5x 10.3x
EV / EBITDA 30.2x 9.7x 20.7x 17.9x 18.1x 17x 15.5x 13.5x
EV / EBIT 30.5x 9.8x 21.2x 18.5x 18.7x 17.8x 16.8x 13.5x
EV / FCF 7.06x - -8.62x - -5.1x 2.43x 7.19x 8.98x
FCF Yield 14.2% - -11.6% - -19.6% 41.2% 13.9% 11.1%
Dividend per Share 2 0.87 - 0.7 - 3.959 1.376 1.566 1.26
Rate of return 3.44% - 3.07% - 16.4% 5.41% 6.16% 4.95%
EPS 2 3.612 3.831 1.925 3.603 4.07 4.109 3.978 4.663
Distribution rate 24.1% - 36.4% - 97.3% 33.5% 39.4% 27%
Net sales 1 149.4 217.2 220.2 219.7 248.8 256 306.7 372
EBITDA 1 119.7 166.6 165 161.7 213.8 218.5 246.5 284.4
EBIT 1 118.9 164.9 161 156.1 207.2 208.8 227.8 286
Net income 1 369 386.1 192.2 343.4 354.6 360 487.2 408.3
Net Debt 1 1,065 - 1,144 1,305 1,768 1,487 1,597 1,625
Reference price 2 25.29 16.12 22.80 18.01 24.20 25.43 25.43 25.43
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
6.19x14.49x16.98x5.41% 437M
16x5.02x13.52x3.17% 45.53B
8.59x1.49x7.62x4.11% 30.19B
19.43x4.08x16.67x1.28% 29.4B
5.54x0.58x1.2x9.09% 26.47B
14.43x3.12x14.95x2.44% 26.35B
9.06x2.34x7.19x3.85% 21.35B
14.46x6.71x17.95x1.47% 20.88B
7.79x0.86x3.14x2.87% 19.93B
Average 11.27x 4.30x 11.03x 3.74% 24.5B
Weighted average by Cap. 12.42x 3.20x 10.70x 3.55%

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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