Company Valuation: Starwood Property Trust, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,461 5,675 6,584 6,389 6,670 6,158 - -
Change - -23.94% 16.02% -2.96% 4.39% -7.67% - -
Enterprise Value (EV) 1 9,072 7,743 9,008 6,389 6,670 22,217 22,226 6,158
Change - -14.65% 16.34% -29.07% 4.39% 233.11% 0.04% -72.29%
P/E 16x 6.69x 19.6x 17.2x 15.7x 17.6x 12.8x 12.7x
PBR 1.22x - 1x 0.99x 0.98x 0.94x 0.98x 1.09x
PEG - 0.1x -0.3x 6.13x 3.45x -1x 0.3x 13.44x
Capitalization / Revenue 6.38x 3.87x 3.21x 3.28x 3.62x 2.89x 2.67x 2.41x
EV / Revenue 7.75x 5.29x 4.39x 3.28x 3.62x 10.4x 9.62x 2.41x
EV / EBITDA - - - - 4.64x 13.1x 11.8x -
EV / EBIT 50.1x 32.5x 5.52x 4.23x 4.93x 20.2x 17.6x -
EV / FCF - - - - - 34.2x 30x -
FCF Yield - - - - - 2.93% 3.33% -
Dividend per Share 2 1.92 1.92 1.92 1.92 1.92 1.92 1.92 1.92
Rate of return 7.9% 10.5% 9.13% 10.1% 10.7% 11.6% 11.6% 11.6%
EPS 2 1.52 2.74 1.07 1.1 1.15 0.9428 1.3 1.312
Distribution rate 126% 70.1% 179% 175% 167% 204% 148% 146%
Net sales 1 1,170 1,465 2,050 1,947 1,844 2,133 2,310 2,552
EBITDA 1 - - - - 1,439 1,690 1,880 -
EBIT 1 181 238.4 1,631 1,511 1,354 1,102 1,261 -
Net income 1 447.7 871.5 339.2 359.9 411.5 349.8 472.9 504.5
Net Debt 1 1,611 2,068 2,424 - - 16,059 16,068 -
Reference price 2 24.30 18.33 21.02 18.95 18.01 16.61 16.61 16.61
Nbr of stocks (in thousands) 3,07,018 3,09,584 3,13,226 3,37,159 3,70,331 3,70,749 - -
Announcement Date 25/02/22 01/03/23 22/02/24 27/02/25 25/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.62x10.41x13.15x11.56% 615.81Cr
7.72x56.82x17.65x12.82% 1.69TCr
10.99x63.76x56.71x12.88% 1.28TCr
8.15x - - 10.85% 514.76Cr
21.48x45.85x16.8x10.99% 292.62Cr
28.95x - - 15.43% 284.43Cr
8.3x - - 16.83% 212.24Cr
6.43x - - 11.52% 170.79Cr
37.6x - - 25.42% 138.94Cr
8.48x - - 19.33% 137.08Cr
Average 15.57x 44.21x 26.08x 14.76% 533.62Cr
Weighted average by Cap. 12.36x 50.92x 29.80x 13.15%

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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