Company Valuation: Mapletree Logistics Trust

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 8,848 8,235 7,291 6,637 5,878 6,144 - -
Change - -6.92% -11.47% -8.97% -11.45% 4.53% - -
Enterprise Value (EV) 1 13,467 12,810 12,296 11,920 11,065 11,472 11,526 11,520
Change - -4.88% -4.01% -3.06% -7.18% 3.68% 0.47% -0.05%
P/E 10.7x 15.1x 23.9x 35.9x 23.2x 21.2x 20.7x 21.4x
PBR 1.25x 1.19x 1.06x 1x 0.91x 0.94x 0.95x 0.96x
PEG - -0.4x -0.5x -0.9x 0.6x 1.5x 8.26x -6x
Capitalization / Revenue 13x 11.3x 9.93x 9.13x 8.3x 8.47x 8.32x 8.19x
EV / Revenue 19.8x 17.5x 16.8x 16.4x 15.6x 15.8x 15.6x 15.4x
EV / EBITDA 26.4x 24.6x 23.7x 22.6x 21.2x 22x 21.6x 21.3x
EV / EBIT 26.5x 24.8x 23.9x 22.8x 21.5x 21.9x 21.5x 21.3x
EV / FCF -35.8x 36.6x 21.4x 25.3x 21.6x 22.8x 19.1x 18.8x
FCF Yield -2.79% 2.73% 4.66% 3.95% 4.62% 4.39% 5.23% 5.32%
Dividend per Share 2 0.0879 0.0901 0.09 0.0805 0.0726 0.072 0.0739 0.0752
Rate of return 4.75% 5.27% 6.17% 6.15% 6.31% 6% 6.16% 6.27%
EPS 2 0.1723 0.1136 0.0611 0.0365 0.0496 0.0566 0.058 0.056
Distribution rate 51% 79.3% 147% 221% 146% 127% 127% 134%
Net sales 1 678.6 730.6 733.9 727 708.3 725.6 738.3 750.4
EBITDA 1 511 521.6 518.9 527.4 522.2 521.6 534.3 539.9
EBIT 1 507.4 517.5 513.9 522 515.4 523.1 534.9 541.4
Net income 1 762.9 545.1 303.1 183.5 254.5 300.7 307.9 314.2
Net Debt 1 4,619 4,575 5,005 5,283 5,187 5,328 5,382 5,376
Reference price 2 1.850 1.710 1.460 1.310 1.150 1.200 1.200 1.200
Nbr of stocks (in thousands) 4,782,707 4,816,004 4,993,959 5,066,733 5,110,907 5,119,897 - -
Announcement Date 4/28/22 5/1/23 4/29/24 4/23/25 4/30/26 - - -
1SGD in Million2SGD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
44.33x20.05x24.91x2.9% 138B
23.62x19.15x21.91x1.05% 40.91B
36.14x16.75x23.69x3.01% 11.44B
29.21x14.34x20.84x2.99% 8.88B
30.31x11.1x15.72x4.49% 8.67B
36.78x12.25x16.85x3.75% 7.86B
37.37x17x25.88x2.92% 7.72B
22.86x13.23x19.46x4.58% 7.24B
8.77x19.73x22.29x4.92% 6.19B
Average 29.93x 15.95x 21.28x 3.4% 26.3B
Weighted average by Cap. 37.21x 18.62x 23.37x 2.78%

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

  1. Stock Market
  2. Stocks
  3. M44U Stock
  4. MAPGF Stock
  5. Valuation Mapletree Logistics Trust