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 2,163 - -
Change - -36.76% 40.69% -30.41% 33.05% 2.75% - -
Enterprise Value (EV) 1 3,620 1,616 3,418 2,887 3,873 3,585 3,738 3,698
Change - -55.35% 111.49% -15.53% 34.15% -7.43% 4.26% -1.07%
P/E 7x 4.21x 11.8x 5x 5.95x 5.53x 5.56x 5.33x
PBR 0.77x - 0.61x - 0.58x 0.59x 0.55x 0.5x
PEG - 0.69x -0.2x 0.1x 0.5x 0.55x -8.94x 1.22x
Capitalization / Revenue 17.1x 7.44x 10.3x 7.2x 8.46x 8.75x 7.51x 5.97x
EV / Revenue 24.2x 7.44x 15.5x 13.1x 15.6x 14.5x 13x 10.2x
EV / EBITDA 30.2x 9.7x 20.7x 17.9x 18.1x 18.5x 15.5x 13.3x
EV / EBIT 30.5x 9.8x 21.2x 18.5x 18.7x 20.5x 17.3x 14.3x
EV / FCF 7.06x - -8.62x - -5.1x 2.54x 6.94x 8.14x
FCF Yield 14.2% - -11.6% - -19.6% 39.4% 14.4% 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% 9.32% 6.06%
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 1 149.4 217.2 220.2 219.7 248.8 247.2 288 362.6
EBITDA 1 119.7 166.6 165 161.7 213.8 193.8 241.4 278.1
EBIT 1 118.9 164.9 161 156.1 207.2 174.5 215.7 258.3
Net income 1 369 386.1 192.2 343.4 354.6 443.6 496.1 462.4
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 24.74 24.74 24.74
Nbr of stocks (in thousands) 101,044 100,258 99,728 87,859 86,999 87,441 - -
Announcement Date 2/8/22 2/8/23 2/6/24 2/5/25 2/11/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
5.53x14.51x18.5x11.4% 416M
13.9x4.52x12.15x3.64% 39.56B
5.75x0.78x1.61x8.56% 28.1B
18.06x3.97x15.98x1.36% 27.94B
7.79x1.41x7.78x4.54% 26.04B
13.93x3.1x14.81x2.51% 25.78B
8.14x0.9x3.28x2.75% 20.81B
10.21x2x8.25x4.11% 20.52B
13.1x6.4x16.84x1.66% 18.82B
37.84x13.87x34.9x3.14% 18.26B
Average 13.42x 5.15x 13.41x 4.37% 22.63B
Weighted average by Cap. 13.69x 3.84x 12.18x 3.71%

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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