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 2,144 - -
Change - -36.76% 40.69% -30.41% 33.05% 1.84% - -
Enterprise Value (EV) 1 3,620 1,616 3,418 2,887 3,873 3,566 3,719 3,679
Change - -55.35% 111.49% -15.53% 34.15% -7.93% 4.28% -1.07%
P/E 7x 4.21x 11.8x 5x 5.95x 5.48x 5.51x 5.28x
PBR 0.77x - 0.61x - 0.58x 0.58x 0.55x 0.49x
PEG - 0.69x -0.2x 0.1x 0.5x 0.55x -8.86x 1.21x
Capitalization / Revenue 17.1x 7.44x 10.3x 7.2x 8.46x 8.67x 7.45x 5.91x
EV / Revenue 24.2x 7.44x 15.5x 13.1x 15.6x 14.4x 12.9x 10.1x
EV / EBITDA 30.2x 9.7x 20.7x 17.9x 18.1x 18.4x 15.4x 13.2x
EV / EBIT 30.5x 9.8x 21.2x 18.5x 18.7x 20.4x 17.2x 14.2x
EV / FCF 7.06x - -8.62x - -5.1x 2.53x 6.9x 8.09x
FCF Yield 14.2% - -11.6% - -19.6% 39.6% 14.5% 12.4%
Dividend per Share 2 0.87 - 0.7 - 3.959 2.819 2.306 1.5
Rate of return 3.44% - 3.07% - 16.4% 11.5% 9.41% 6.12%
EPS 2 3.612 3.831 1.925 3.603 4.07 4.476 4.448 4.642
Distribution rate 24.1% - 36.4% - 97.3% 63% 51.8% 32.3%
Net sales 1 149.4 217.2 220.2 219.7 248.8 247.2 288 362.6
EBITDA 1 119.7 166.6 165 161.7 213.8 193.8 241.4 278.1
EBIT 1 118.9 164.9 161 156.1 207.2 174.5 215.7 258.3
Net income 1 369 386.1 192.2 343.4 354.6 443.6 496.1 462.4
Net Debt 1 1,065 - 1,144 1,305 1,768 1,422 1,575 1,535
Reference price 2 25.29 16.12 22.80 18.01 24.20 24.52 24.52 24.52
Nbr of stocks (in thousands) 1,01,044 1,00,258 99,728 87,859 86,999 87,441 - -
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.($)
5.48x14.43x18.4x11.5% 42Cr
13.97x4.54x12.2x3.62% 3.98TCr
17.85x3.95x15.88x1.37% 2.77TCr
5.75x0.77x1.62x8.61% 2.8TCr
13.72x3.07x14.71x2.55% 2.55TCr
7.79x1.41x7.78x4.54% 2.6TCr
8.17x0.91x3.3x2.73% 2.09TCr
10.25x2.01x8.28x4.1% 2.06TCr
13.01x6.39x16.79x1.67% 1.87TCr
38.15x13.96x35.15x3.11% 1.84TCr
Average 13.41x 5.14x 13.41x 4.38% 2.26TCr
Weighted average by Cap. 13.69x 3.85x 12.20x 3.72%

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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