Company Valuation: Digital Core REIT

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,305 616.5 724.9 754.2 665 635.1 - -
Change - -52.77% 17.58% 4.04% -11.82% -4.51% - -
Enterprise Value (EV) 1 1,305 1,086 1,268 1,364 1,426 1,400 1,394 635.1
Change - -16.78% 16.75% 7.54% 4.57% -1.83% -0.41% -54.46%
P/E ratio - -458x -6.68x 3.73x 14.3x 16.8x 13.9x 13x
PBR - 0.66x 0.93x 0.73x 0.64x 0.62x 0.63x -
PEG - - -0x -0x -0.2x -0.9x 0.7x 1.85x
Capitalization / Revenue 12.4x 5.72x 7.07x 7.37x 3.78x 3.92x 3.38x 3.22x
EV / Revenue 12.4x 10.1x 12.4x 13.3x 8.1x 8.64x 7.42x 3.22x
EV / EBITDA 26.3x - - - - 16.2x 14x 7.93x
EV / EBIT 26.3x 19.5x 24.6x 26.4x 19.3x 19x 16.2x 7.25x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - 0.0398 0.037 0.036 0.036 0.0356 0.0416 0.042
Rate of return - 7.24% 5.74% 6.21% 7.06% 7.26% 8.5% 8.58%
EPS 2 - -0.0012 -0.0966 0.1554 0.0356 0.0291 0.0352 0.0377
Distribution rate - -3,317% -38.3% 23.2% 101% 122% 118% 111%
Net sales 1 105 107.7 102.6 102.3 176.2 162 187.8 197.2
EBITDA 1 49.6 - - - - 86.41 99.93 80.1
EBIT 1 49.6 55.83 51.51 51.7 73.94 73.87 86.14 87.6
Net income 1 - -1.294 -108.6 205.4 47.7 40.91 50.11 52.03
Net Debt 1 - 469.9 543.5 609.8 761.2 765.1 759.4 -
Reference price 2 1.1600 0.5500 0.6450 0.5800 0.5100 0.4900 0.4900 0.4900
Nbr of stocks (in thousands) 11,25,357 11,20,892 11,23,853 13,00,294 13,04,010 12,96,026 - -
Announcement Date 05/04/22 02/02/23 01/02/24 12/02/25 04/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.67x8.6x16.13x7.34% 64Cr
62.94x12.47x24.34x1.89% 11TCr
29.62x11.54x17.41x3.69% 9.04TCr
90.08x12.41x22.98x2.6% 6.56TCr
46.46x14.32x21.6x4.54% 4.12TCr
67.79x7.13x19.16x2.7% 3.71TCr
27.62x12.11x17.87x2.4% 2.21TCr
25.51x7.88x16.59x4.4% 1.54TCr
23.07x4.01x13.68x3.86% 549.32Cr
19.12x15.98x21.19x4.8% 434.05Cr
Average 40.89x 10.65x 19.09x 3.82% 3.89TCr
Weighted average by Cap. 53.88x 11.64x 20.84x 2.98%

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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