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 2,232 - -
Change - 7.06% -7.57% 17.56% 4.68% 36.33% - -
Enterprise Value (EV) 1 2,062 2,197 2,201 2,239 2,465 3,096 3,327 3,815
Change - 6.54% 0.21% 1.72% 10.09% 25.59% 7.48% 14.67%
P/E 24.2x 14.3x 14.9x 16.9x 13.6x 20.5x 23x 23.5x
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 -1x -2.1x -10.04x
Capitalization / Revenue 8.65x 8.22x 6.74x 7.45x 6.23x 5.38x 3.65x 2.77x
EV / Revenue 13.3x 12.5x 11.2x 10.7x 9.38x 7.47x 5.45x 4.74x
EV / EBITDA 17.4x 16.2x 13.9x 13.2x 14.8x 15.7x 15.3x 14.4x
EV / EBIT 25.7x 22.2x 24.5x 24.2x 13.5x 25.3x 28.6x 26.6x
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% 5.51% 5.61% 5.77%
EPS 2 1.41 2.48 2.16 2.04 2.52 2.023 1.802 1.76
Distribution rate 162% 91.9% 106% 112% 90.5% 113% 129% 136%
Net sales 1 155.3 175.2 197.2 209.8 262.9 414.7 610.8 805.6
EBITDA 1 118.5 135.9 158.2 169.7 166.9 197.4 217.2 264.5
EBIT 1 80.17 99.08 89.96 92.44 183.1 122.1 116.5 143.6
Net income 1 55.4 99.44 89.15 90.36 117.3 103.8 98.88 118.6
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 41.40 41.40 41.40
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.46x7.47x15.68x5.51% 2.23B
83.62x13.25x35.48x1.31% 173B
172.2x8.57x23.53x2.26% 47.23B
49.75x7.83x13.96x5.9% 14.36B
19.13x16.82x15.18x5.77% 14.18B
93.56x4.68x25.32x1.79% 13.07B
26.3x17.38x18.89x3.91% 9.44B
8.11x15.75x18.67x6.14% 6.59B
-195.69x9.54x16.1x4.96% 6.64B
40.51x8.6x15.45x5.74% 5.35B
Average 31.79x 10.99x 19.82x 4.33% 29.24B
Weighted average by Cap. 82.42x 11.99x 29.18x 2.31%

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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