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 2,154 - -
Change - -36.76% 40.69% -30.41% 33.05% 2.29% - -
Enterprise Value (EV) 1 3,620 1,616 3,418 2,887 3,873 3,576 3,728 3,689
Change - -55.35% 111.49% -15.53% 34.15% -7.68% 4.27% -1.07%
P/E 7x 4.21x 11.8x 5x 5.95x 5.5x 5.54x 5.31x
PBR 0.77x - 0.61x - 0.58x 0.58x 0.55x 0.5x
PEG - 0.69x -0.2x 0.1x 0.5x 0.55x -8.91x 1.22x
Capitalization / Revenue 17.1x 7.44x 10.3x 7.2x 8.46x 8.85x 7.49x 5.81x
EV / Revenue 24.2x 7.44x 15.5x 13.1x 15.6x 14.7x 13x 9.95x
EV / EBITDA 30.2x 9.7x 20.7x 17.9x 18.1x 18.5x 15.2x 12.8x
EV / EBIT 30.5x 9.8x 21.2x 18.5x 18.7x 22.6x 17.1x 13.2x
EV / FCF 7.06x - -8.62x - -5.1x 2.53x 6.92x 8.12x
FCF Yield 14.2% - -11.6% - -19.6% 39.5% 14.5% 12.3%
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% 11.4% 9.36% 6.09%
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 1 149.4 217.2 220.2 219.7 248.8 243.4 287.6 370.8
EBITDA 1 119.7 166.6 165 161.7 213.8 193.2 245 287.1
EBIT 1 118.9 164.9 161 156.1 207.2 158 218 278.5
Net income 1 369 386.1 192.2 343.4 354.6 409.9 455.8 406.5
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 24.63 24.63 24.63
Nbr of stocks (in thousands) 101,044 100,258 99,728 87,859 86,999 87,441 - -
Announcement Date 2/8/22 A 2/8/23 A 2/6/24 A 2/5/25 A 2/11/26 A - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
5.5x14.69x18.51x11.45% 423M
15.23x4.79x12.92x3.35% 43.13B
17.99x3.97x15.95x1.36% 28.45B
8.19x1.5x7.92x4.37% 27.25B
5.47x0.65x1.38x9.14% 26.33B
14.13x3.07x14.71x2.55% 25.93B
10.63x2.15x9.15x3.95% 21.38B
7.86x0.87x3.17x2.84% 20.11B
13.18x6.42x16.89x1.65% 19.35B
37.66x13.8x34.28x3.14% 18.25B
Average 13.59x 5.19x 13.49x 4.38% 23.06B
Weighted average by Cap. 14.02x 3.92x 12.42x 3.66%

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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