Company Valuation: LTC Properties, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,344 1,439 1,330 1,564 1,637 2,221 - -
Change - 7.06% -7.57% 17.56% 4.68% 35.7% - -
Enterprise Value (EV) 1 2,062 2,197 2,201 2,239 2,465 3,085 3,317 3,805
Change - 6.54% 0.21% 1.72% 10.09% 25.18% 7.5% 14.72%
P/E 24.2x 14.3x 14.9x 16.9x 13.6x 5.09x 22.6x 22.5x
PBR 1.81x 1.72x 1.57x 1.64x 1.55x 1.76x 1.48x 1.34x
PEG - 0.2x -1.2x -3.04x 0.6x 0x -0.3x 208.52x
Capitalization / Revenue 8.65x 8.22x 6.74x 7.45x 6.23x 5.17x 3.49x 2.66x
EV / Revenue 13.3x 12.5x 11.2x 10.7x 9.38x 7.18x 5.22x 4.55x
EV / EBITDA 17.4x 16.2x 13.9x 13.2x 14.8x 15.7x 15.4x 14.4x
EV / EBIT 25.7x 22.2x 24.5x 24.2x 13.5x 25.3x 27.8x 25.5x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2.28 2.28 2.28 2.28 2.28 2.282 2.323 2.388
Rate of return 6.68% 6.42% 7.1% 6.6% 6.63% 5.54% 5.64% 5.8%
EPS 2 1.41 2.48 2.16 2.04 2.52 8.09 1.826 1.828
Distribution rate 162% 91.9% 106% 112% 90.5% 28.2% 127% 131%
Net sales 1 155.3 175.2 197.2 209.8 262.9 429.6 635.8 835.9
EBITDA 1 118.5 135.9 158.2 169.7 166.9 196.4 215.9 264.7
EBIT 1 80.17 99.08 89.96 92.44 183.1 122.1 119.4 149.4
Net income 1 55.4 99.44 89.15 90.36 117.3 429.3 100.6 123.9
Net Debt 1 717.6 757.5 871 675.2 827.8 863.9 1,095 1,584
Reference price 2 34.14 35.53 32.12 34.55 34.38 41.21 41.21 41.21
Nbr of stocks (in thousands) 39,374 40,505 41,412 45,261 47,614 53,906 - -
Announcement Date 17/2/22 16/2/23 15/2/24 24/2/25 24/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
5.09x7.18x15.71x5.54% 2.22B
81.14x13.01x35.08x1.33% 170B
165.91x8.43x23.17x2.3% 46.3B
49.17x7.79x13.85x5.95% 14.24B
18.54x16.58x15.06x5.81% 14.05B
90.55x4.53x24.5x1.85% 12.65B
25.6x16.65x18.47x4% 9.22B
-185.38x9.45x15.71x5.02% 6.55B
8.17x15.53x18.58x6.2% 6.54B
42.89x8.48x15.28x5.78% 5.31B
Average 30.17x 10.76x 19.54x 4.38% 28.73B
Weighted average by Cap. 79.75x 11.78x 28.80x 2.35%

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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