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 2,230 - -
Change - -36.76% 40.69% -30.41% 33.05% 5.91% - -
Enterprise Value (EV) 1 3,620 1,616 3,418 2,887 3,873 3,652 3,805 3,765
Change - -55.35% 111.49% -15.53% 34.15% -5.72% 4.18% -1.05%
P/E 7x 4.21x 11.8x 5x 5.95x 5.7x 5.73x 5.49x
PBR 0.77x - 0.61x - 0.58x 0.6x 0.57x 0.51x
PEG - 0.69x -0.2x 0.1x 0.5x 0.57x -9.22x 1.26x
Capitalization / Revenue 17.1x 7.44x 10.3x 7.2x 8.46x 9.16x 7.75x 6.01x
EV / Revenue 24.2x 7.44x 15.5x 13.1x 15.6x 15x 13.2x 10.2x
EV / EBITDA 30.2x 9.7x 20.7x 17.9x 18.1x 18.9x 15.5x 13.1x
EV / EBIT 30.5x 9.8x 21.2x 18.5x 18.7x 23.1x 17.5x 13.5x
EV / FCF 7.06x - -8.62x - -5.1x 2.59x 7.06x 8.28x
FCF Yield 14.2% - -11.6% - -19.6% 38.7% 14.2% 12.1%
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% 11.1% 9.04% 5.88%
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 25.50 25.50 25.50
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
5.44x14.6x18.39x11.57% 414M
14.74x4.73x12.72x3.44% 41.98B
18.87x4.09x16.54x1.29% 28.87B
8.47x1.49x7.81x4.51% 26.36B
14.39x3.15x15.03x2.44% 26.14B
5.41x0.63x1.33x9.24% 26.04B
7.99x0.88x3.22x2.8% 20.44B
10.66x2.02x9.45x4.17% 20.19B
13.57x6.57x17.43x1.58% 19.58B
16.54x9.29x17.49x5.01% 17.67B
Average 11.61x 4.74x 11.94x 4.6% 22.77B
Weighted average by Cap. 12.48x 3.57x 11.24x 3.82%

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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