Company Valuation: W. P. Carey Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 15,285 16,258 14,172 11,923 14,104 16,414 - -
Change - 6.37% -12.83% -15.87% 18.3% 16.37% - -
Enterprise Value (EV) 1 21,911 23,968 21,682 19,321 22,672 25,156 25,217 24,922
Change - 9.39% -9.53% -10.89% 17.34% 10.96% 0.24% -1.17%
P/E ratio 36.6x 26.1x 19.8x 26.1x 30.5x 25.7x 27.6x 30x
PBR 2.06x 1.83x 1.63x 1.41x 1.74x 1.99x 1.98x 1.77x
PEG - 0.8x 2.04x -0.7x 31.87x 0.7x -3.9x -3.87x
Capitalization / Revenue 11.5x 11x 8.14x 7.53x 8.22x 8.9x 8.31x 7.74x
EV / Revenue 16.5x 16.2x 12.5x 12.2x 13.2x 13.6x 12.8x 11.8x
EV / EBITDA 20.3x 21.5x 15.7x 15.3x 16.3x 16.2x 15x 13.9x
EV / EBIT 36.2x 39.2x 26.8x 24.9x 26.1x 25.3x 23.7x 20.9x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 4.205 4.242 4.067 3.49 3.62 3.725 3.815 3.949
Rate of return 5.12% 5.43% 6.28% 6.41% 5.62% 5.05% 5.18% 5.36%
EPS 2 2.24 2.99 3.28 2.09 2.11 2.87 2.667 2.46
Distribution rate 188% 142% 124% 167% 172% 130% 143% 161%
Net sales 1 1,332 1,479 1,741 1,583 1,716 1,845 1,975 2,120
EBITDA 1 1,081 1,116 1,384 1,262 1,391 1,556 1,680 1,794
EBIT 1 604.9 612.1 809.8 774.5 869.8 995.1 1,062 1,193
Net income 1 410 599.1 708.3 460.8 466.4 635.6 669.8 742.5
Net Debt 1 6,626 7,710 7,510 7,399 8,567 8,742 8,804 8,508
Reference price 2 82.05 78.15 64.81 54.48 64.36 73.69 73.69 73.69
Nbr of stocks (in thousands) 1,86,285 2,08,033 2,18,672 2,18,848 2,19,145 2,22,739 - -
Announcement Date 11/02/22 10/02/23 09/02/24 11/02/25 10/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.77x13.67x16.21x5.04% 1.65TCr
23.82x14.45x15.78x4.14% 663.44Cr
13.8x14.68x15.33x5.27% 651.09Cr
8.93x16.99x20.51x7.86% 620.99Cr
10.3x15.01x16.23x6.79% 583.67Cr
12.28x12.98x17.09x7.23% 573.82Cr
7.73x14.07x17.95x6.15% 518.48Cr
11.64x11.27x12.86x5.57% 492.91Cr
24.94x17.43x26.49x4.28% 459.46Cr
Average 15.47x 14.51x 17.60x 5.81% 690.11Cr
Weighted average by Cap. 17.23x 14.37x 17.22x 5.7%

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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