Company Valuation: AREIT, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 30,103 73,333 53,415 79,111 1,21,814 1,59,778 1,59,778 -
Change - 143.61% -27.16% 48.11% 53.98% 31.16% 0% -
Enterprise Value (EV) 1 30,916 78,301 54,938 82,165 1,23,743 1,60,501 1,60,636 1,58,395
Change - 153.27% -29.84% 49.56% 50.6% 29.7% 0.08% -1.4%
P/E ratio 23.9x 29.6x 18.5x 12.8x 14.5x 16x 15.4x 14.9x
PBR 2.44x 1.5x 1.04x 0.95x 1.07x 1.25x 1.23x 1.22x
PEG - 0.9x 1.1x 0.4x 18.85x 5.96x 4.27x 4.07x
Capitalization / Revenue 16.7x 22.1x 10.5x 11.1x 11.9x 12.9x 11.4x 10.6x
EV / Revenue 17.2x 23.6x 10.8x 11.5x 12.1x 12.9x 11.5x 10.5x
EV / EBITDA 20x 32.7x 15.1x 16.3x 16.5x 18.2x 16x 15.4x
EV / EBIT 23.5x 32.7x 15.1x 16.3x 16.5x 17.3x 15.4x 14.1x
EV / FCF - 36.8x 14.3x 12.6x 17x 22.3x 18.7x 18.1x
FCF Yield - 2.72% 7.01% 7.96% 5.9% 4.48% 5.35% 5.54%
Dividend per Share 2 1.32 1.77 1.98 2.15 2.28 2.392 2.456 2.571
Rate of return 4.5% 3.64% 5.59% 6.44% 6.01% 5.56% 5.71% 5.98%
EPS 2 1.23 1.64 1.91 2.6 2.62 2.69 2.787 2.889
Distribution rate 107% 108% 104% 82.7% 87% 88.9% 88.1% 89%
Net sales 1 1,801 3,316 5,073 7,140 10,259 12,419 14,018 15,049
EBITDA 1 1,542 2,397 3,634 5,036 7,508 8,840 10,028 10,255
EBIT 1 1,317 2,397 3,634 5,035 7,508 9,279 10,431 11,254
Net income 1 1,227 2,433 2,888 5,031 7,317 8,818 9,804 11,028
Net Debt 1 812.9 4,968 1,522 3,054 1,929 723 858.9 -1,383
Reference price 2 29.35 48.60 35.40 33.40 37.95 43.00 43.00 43.00
Nbr of stocks (in thousands) 10,25,656 15,08,911 15,08,911 23,68,607 32,09,866 37,15,756 37,15,756 -
Announcement Date 05/04/21 05/03/22 28/03/23 21/03/24 26/03/25 - - -
1PHP in Million2PHP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.98x12.92x18.16x5.56% 275.67Cr
53.64x16.44x17.42x4.9% 6.04TCr
10.06x12.19x15.85x4.48% 1.71TCr
15.92x23x26.07x3.96% 1.45TCr
21.51x17.29x25.37x4.61% 1.46TCr
7.93x13.12x15.8x5.66% 1.14TCr
17.71x12.24x19.52x5.66% 990.04Cr
2488.86x7.11x11.65x5.49% 909.65Cr
35.04x10.21x15.88x4.32% 904.17Cr
9.8x21.53x29.07x3.15% 895.99Cr
Average 267.65x 14.60x 19.48x 4.78% 1.58TCr
Weighted average by Cap. 173.18x 15.49x 19.05x 4.76%

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