Projected Income Statement: Mapletree Logistics Trust

Forecast Balance Sheet: Mapletree Logistics Trust

Forecast Balance Sheet - Mapletree Logistics Trust
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 4,619 4,575 5,005 5,283 5,187 5,194 5,253 5,253
Change - -0.95% 9.4% 5.55% -1.82% 0.13% 1.14% 0%
Announcement Date 4/28/22 5/1/23 4/29/24 4/23/25 4/30/26 - - -
1SGD in Million
Estimates

Cash Flow Forecast: Mapletree Logistics Trust

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
CAPEX 1 869.9 43.45 - 65.57 30.64 14.35 14.57 10.27
Change - -95.01% - - -53.27% -53.18% 1.57% -29.55%
Free Cash Flow (FCF) 1 -376 350.1 573.5 470.5 511.5 504.2 592.8 608.5
Change - 193.12% 63.81% -17.97% 8.73% -1.42% 17.56% 2.65%
Announcement Date 4/28/22 5/1/23 4/29/24 4/23/25 4/30/26 - - -
1SGD in Million
Estimates

Forecast Financial Ratios: Mapletree Logistics Trust

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 75.31% 71.39% 70.71% 72.54% 73.73% 71.82% 72.15% 72.33%
EBIT Margin (%) 74.77% 70.83% 70.03% 71.81% 72.77% 72.07% 72.41% 72.38%
EBT Margin (%) 146.45% 89.98% 53.57% 37.65% 53.74% 50.9% 50.83% 51.19%
Net margin (%) 112.44% 74.6% 41.31% 25.25% 35.93% 42.46% 42.78% 41.89%
FCF margin (%) -55.41% 47.92% 78.14% 64.71% 72.22% 69.74% 80.85% 81.3%
FCF / Net Income (%) -49.28% 64.23% 189.19% 256.32% 201.01% 164.25% 188.98% 194.1%

Profitability

        
ROA 6.13% 4.02% 2.23% 1.32% 1.84% 2.27% 2.24% 2.31%
ROE 11.09% 7.19% 4.05% 2.5% 3.57% 4.69% 4.8% 4.93%

Financial Health

        
Leverage (Debt/EBITDA) 9.04x 8.77x 9.64x 10.02x 9.93x 10x 9.93x 9.7x
Debt / Free cash flow -12.29x 13.07x 8.73x 11.23x 10.14x 10.3x 8.86x 8.63x

Capital Intensity

        
CAPEX / Current Assets (%) 128.2% 5.95% - 9.02% 4.33% 1.98% 1.99% 1.37%
CAPEX / EBITDA (%) 170.23% 8.33% - 12.43% 5.87% 2.76% 2.75% 1.9%
CAPEX / FCF (%) -231.37% 12.41% - 13.94% 5.99% 2.85% 2.46% 1.69%

Items per share

        
Cash flow per share 1 0.1115 0.127 0.1157 0.1065 0.1057 0.0851 0.086 0.0807
Change - 13.9% -8.9% -7.98% -0.72% -19.52% 1.12% -6.17%
Dividend per Share 1 0.0879 0.0901 0.09 0.0805 0.0726 0.072 0.0731 0.0743
Change - 2.55% -0.09% -10.55% -9.82% -0.85% 1.53% 1.6%
Book Value Per Share 1 1.48 1.44 1.38 1.31 1.26 1.272 1.259 1.24
Change - -2.7% -4.17% -5.07% -3.82% 0.94% -1% -1.53%
EPS 1 0.1723 0.1136 0.0611 0.0365 0.0496 0.0567 0.0592 0.0572
Change - -34.07% -46.21% -40.26% 35.89% 14.38% 4.37% -3.48%
Nbr of stocks (in thousands) 4,782,707 4,816,004 4,993,959 5,066,733 5,110,907 5,119,897 5,119,897 5,119,897
Announcement Date 4/28/22 5/1/23 4/29/24 4/23/25 4/30/26 - - -
1SGD
Estimates
2027 *2028 *
P/E 18.7x 17.9x
PBR 0.83x 0.84x
EV / Sales 14.7x 14.6x
Yield 6.79% 6.9%

EPS & Dividend

EPS & Dividend - Mapletree Logistics Trust


Y-o-Y evolution of P/E

Valuation ratios - P/E - Mapletree Logistics Trust
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - Mapletree Logistics Trust
Trader
Investor
Global
Quality
ESG MSCI
BBB
MarketScreener Ratings - Mapletree Logistics Trust
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
1.060SGD
Average target price
1.309SGD
Spread / Average Target
+23.52%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Mapletree Logistics Trust
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