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 2,353 - -
Change - -36.76% 40.69% -30.41% 33.05% 11.78% - -
Enterprise Value (EV) 1 3,620 1,616 3,418 2,887 3,873 3,840 3,950 4,063
Change - -55.35% 111.49% -15.53% 34.15% -0.85% 2.87% 2.84%
P/E 7x 4.21x 11.8x 5x 5.95x 5.72x 5.89x 4.82x
PBR 0.77x - 0.61x - 0.58x 0.62x 0.59x 0.53x
PEG - 0.69x -0.2x 0.1x 0.5x 0.4x -2.01x 0.2x
Capitalization / Revenue 17.1x 7.44x 10.3x 7.2x 8.46x 9.3x 7.63x 6.32x
EV / Revenue 24.2x 7.44x 15.5x 13.1x 15.6x 15.2x 12.8x 10.9x
EV / EBITDA 30.2x 9.7x 20.7x 17.9x 18.1x 18.3x 15.8x 14.2x
EV / EBIT 30.5x 9.8x 21.2x 18.5x 18.7x 20.8x 17x 14x
EV / FCF 7.06x - -8.62x - -5.1x 2.54x 9.78x 9.48x
FCF Yield 14.2% - -11.6% - -19.6% 39.4% 10.2% 10.5%
Dividend per Share 2 0.87 - 0.7 - 3.959 1.53 1.295 1.54
Rate of return 3.44% - 3.07% - 16.4% 5.68% 4.81% 5.72%
EPS 2 3.612 3.831 1.925 3.603 4.07 4.709 4.571 5.585
Distribution rate 24.1% - 36.4% - 97.3% 32.5% 28.3% 27.6%
Net sales 1 149.4 217.2 220.2 219.7 248.8 253 308.3 372.4
EBITDA 1 119.7 166.6 165 161.7 213.8 209.4 250.4 285.4
EBIT 1 118.9 164.9 161 156.1 207.2 184.4 232 290
Net income 1 369 386.1 192.2 343.4 354.6 412.9 487.2 489.4
Net Debt 1 1,065 - 1,144 1,305 1,768 1,487 1,597 1,709
Reference price 2 25.29 16.12 22.80 18.01 24.20 26.92 26.92 26.92
Nbr of stocks (in thousands) 1,01,044 1,00,258 99,728 87,859 86,999 87,425 - -
Announcement Date 08/02/22 08/02/23 06/02/24 05/02/25 11/02/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
5.72x15.18x18.34x5.68% 46Cr
15.32x4.85x13.03x3.31% 4.36TCr
20.93x4.27x17.53x1.2% 3.11TCr
8.13x1.43x7.17x4.38% 2.93TCr
5.92x0.69x1.42x8.43% 2.85TCr
13.98x3.07x14.73x2.51% 2.52TCr
15.13x6.83x18.32x1.41% 2.15TCr
8.77x2.22x7.12x4.03% 2.03TCr
Average 11.74x 4.82x 12.21x 3.87% 2.5TCr
Weighted average by Cap. 12.92x 3.41x 11.41x 3.64%

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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