Projected Income Statement: Mapletree Logistics Trust

Forecast Balance Sheet: Mapletree Logistics Trust

Forecast Balance Sheet - Mapletree Logistics Trust
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 4,619 4,575 5,005 5,283 5,187 5,087 5,233 5,245
Change - -0.95% 9.4% 5.55% -1.82% -1.93% 2.87% 0.23%
Announcement Date 28/04/22 01/05/23 29/04/24 23/04/25 30/04/26 - - -
1SGD in Million
Estimates

Cash Flow Forecast: Mapletree Logistics Trust

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
CAPEX 1 869.9 43.45 - 65.57 30.64 14.15 25.5 5
Change - -95.01% - - -53.27% -53.83% 80.27% -80.39%
Free Cash Flow (FCF) 1 -376 350.1 573.5 470.5 511.5 463 590.4 604.2
Change - 193.12% 63.81% -17.97% 8.73% -9.48% 27.52% 2.33%
Announcement Date 28/04/22 01/05/23 29/04/24 23/04/25 30/04/26 - - -
1SGD in Million
Estimates

Forecast Financial Ratios: Mapletree Logistics Trust

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 75.31% 71.39% 70.71% 72.54% 73.73% 72.19% 72.07% 72.25%
EBIT Margin (%) 74.77% 70.83% 70.03% 71.81% 72.77% 72.65% 72.46% 72.37%
EBT Margin (%) 146.45% 89.98% 53.57% 37.65% 53.74% 51.54% 50.13% 50.49%
Net margin (%) 112.44% 74.6% 41.31% 25.25% 35.93% 42.39% 42.38% 41.34%
FCF margin (%) -55.41% 47.92% 78.14% 64.71% 72.22% 64.2% 80.96% 81.25%
FCF / Net Income (%) -49.28% 64.23% 189.19% 256.32% 201.01% 151.46% 191.06% 196.54%

Profitability

        
ROA 6.13% 4.02% 2.23% 1.32% 1.84% 2.26% 2.19% 2.26%
ROE 11.09% 7.19% 4.05% 2.5% 3.57% 4.47% 4.74% 4.86%

Financial Health

        
Leverage (Debt/EBITDA) 9.04x 8.77x 9.64x 10.02x 9.93x 9.77x 9.96x 9.76x
Debt / Free cash flow -12.29x 13.07x 8.73x 11.23x 10.14x 10.99x 8.86x 8.68x

Capital Intensity

        
CAPEX / Current Assets (%) 128.2% 5.95% - 9.02% 4.33% 1.96% 3.5% 0.67%
CAPEX / EBITDA (%) 170.23% 8.33% - 12.43% 5.87% 2.72% 4.85% 0.93%
CAPEX / FCF (%) -231.37% 12.41% - 13.94% 5.99% 3.06% 4.32% 0.83%

Items per share

        
Cash flow per share 1 0.1115 0.127 0.1157 0.1065 0.1057 0.0638 0.0859 0.0805
Change - 13.9% -8.9% -7.98% -0.72% -39.62% 34.66% -6.35%
Dividend per Share 1 0.0879 0.0901 0.09 0.0805 0.0726 0.0718 0.0722 0.073
Change - 2.55% -0.09% -10.55% -9.82% -1.2% 0.56% 1.23%
Book Value Per Share 1 1.48 1.44 1.38 1.31 1.26 1.272 1.259 1.239
Change - -2.7% -4.17% -5.07% -3.82% 0.94% -1.01% -1.55%
EPS 1 0.1723 0.1136 0.0611 0.0365 0.0496 0.0566 0.0587 0.0553
Change - -34.07% -46.21% -40.26% 35.89% 14.13% 3.64% -5.76%
Nbr of stocks (in thousands) 47,82,707 48,16,004 49,93,959 50,66,733 51,10,907 51,38,978 51,38,978 51,38,978
Announcement Date 28/04/22 01/05/23 29/04/24 23/04/25 30/04/26 - - -
1SGD
Estimates
2027 *2028 *
P/E 19.4x 18.7x
PBR 0.86x 0.87x
EV / Sales 14.9x 14.9x
Yield 6.52% 6.56%

EPS & Dividend

EPS & Dividend - Mapletree Logistics Trust


Y-o-Y evolution of P/E

Valuation ratios - P/E - Mapletree Logistics Trust
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - Mapletree Logistics Trust
Trader
Investor
Global
Quality
ESG MSCI
BBB
MarketScreener Ratings - Mapletree Logistics Trust
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
1.100SGD
Average target price
1.291SGD
Spread / Average Target
+17.33%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Mapletree Logistics Trust
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