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 6,125 - -
Change - -23.94% 16.02% -2.96% 4.39% -8.17% - -
Enterprise Value (EV) 1 9,072 7,743 9,008 6,389 6,670 21,888 21,956 6,125
Change - -14.65% 16.34% -29.07% 4.39% 228.17% 0.31% -72.1%
P/E 16x 6.69x 19.6x 17.2x 15.7x 17.8x 12.8x 12.6x
PBR 1.22x - 1x 0.99x 0.98x 0.93x 0.97x 1.08x
PEG - 0.1x -0.3x 6.13x 3.45x -0.9x 0.3x 8.22x
Capitalization / Revenue 6.38x 3.87x 3.21x 3.28x 3.62x 2.87x 2.64x 2.4x
EV / Revenue 7.75x 5.29x 4.39x 3.28x 3.62x 10.3x 9.47x 2.4x
EV / EBITDA - - - - 4.64x 13x 11.7x -
EV / EBIT 50.1x 32.5x 5.52x 4.23x 4.93x 19.9x 17.4x -
EV / FCF - - - - - 33.6x 29.6x -
FCF Yield - - - - - 2.97% 3.37% -
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 0.926 1.292 1.312
Distribution rate 126% 70.1% 179% 175% 167% 207% 149% 146%
Net sales 1 1,170 1,465 2,050 1,947 1,844 2,131 2,318 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 1 447.7 871.5 339.2 359.9 411.5 346.6 474.2 504.5
Net Debt 1 1,611 2,068 2,424 - - 15,763 15,831 -
Reference price 2 24.30 18.33 21.02 18.95 18.01 16.52 16.52 16.52
Nbr of stocks (in thousands) 307,018 309,584 313,226 337,159 370,331 370,749 - -
Announcement Date 2/25/22 A 3/1/23 A 2/22/24 A 2/27/25 A 2/25/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.84x10.26x12.95x11.62% 6.12B
7.64x64.1x17.98x13.11% 16.85B
10.31x73.74x52.84x13.6% 12.33B
8.06x - - 10.96% 5.09B
10.91x - - 16.19% 2.99B
23.38x45.75x16.77x11.26% 2.86B
9.21x - - 17.7% 2.3B
6.31x - - 11.73% 1.68B
6.96x - - 20.18% 1.31B
7.01x-287.05x - 11.24% 1.27B
Average 10.76x -18.64x 25.14x 13.76% 5.28B
Weighted average by Cap. 10.52x 46.10x 28.35x 13.21%

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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