Company Valuation: ProLogis, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 124,473 104,059 123,165 97,897 118,579 132,975 - -
Change - -16.4% 18.36% -20.52% 21.13% 12.14% - -
Enterprise Value (EV) 1 141,632 127,656 151,635 127,457 152,471 170,586 172,770 174,380
Change - -9.87% 18.78% -15.94% 19.62% 11.88% 1.28% 0.93%
P/E 42.7x 27.2x 40.5x 26.4x 36.8x 41.9x 41x 38.3x
PBR 3.73x 1.96x 2.32x 1.82x 2.23x - - -
PEG - 5.36x -2x 1.2x -2.7x -10.23x 18.2x 5.4x
Capitalization / Revenue 30x 21.2x 18.1x 13x 14.5x 15.2x 14.3x 13.2x
EV / Revenue 34.1x 26x 22.2x 17x 18.7x 19.5x 18.6x 17.4x
EV / EBITDA 44.3x 31.2x 27.2x 22.4x 25.2x 24.9x 23.3x 22.1x
EV / EBIT 87.6x 56x 49.2x 41.1x 44.7x 45.9x 42.3x 38.6x
EV / FCF 47.3x 279x - - - 80,427x 66,991x 50,138x
FCF Yield 2.12% 0.36% - - - 0% 0% 0%
Dividend per Share 2 2.52 3.16 3.48 3.84 4.04 4.28 4.538 4.79
Rate of return 1.5% 2.8% 2.61% 3.63% 3.16% 3.06% 3.25% 3.43%
EPS 2 3.94 4.14 3.29 4.01 3.472 3.33 3.405 3.647
Distribution rate 64% 76.3% 106% 95.8% 116% 129% 133% 131%
Net sales 1 4,148 4,913 6,819 7,515 8,159 8,747 9,276 10,046
EBITDA 1 3,195 4,093 5,569 5,679 6,040 6,849 7,401 7,877
EBIT 1 1,617 2,280 3,084 3,098 3,414 3,713 4,085 4,516
Net income 1 2,934 3,359 3,053 3,726 3,322 3,361 3,254 3,533
Net Debt 1 17,159 23,597 28,470 29,561 33,891 37,611 39,795 41,405
Reference price 2 168.36 112.73 133.30 105.70 127.66 139.68 139.68 139.68
Nbr of stocks (in thousands) 739,327 923,079 923,971 926,175 928,867 950,364 - -
Announcement Date 1/19/22 1/18/23 1/17/24 1/21/25 1/21/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
42.02x19.5x24.91x3.06% 133B
18.96x16.03x18.24x1.09% 40.61B
33.78x15.79x22.34x3.19% 10.71B
615.49x9.31x13.12x4.73% 8.24B
24x13.64x19.91x3.22% 8.2B
22.16x13.51x17.48x4.03% 7.55B
31.38x16.23x24.63x3.3% 7.21B
33.94x11.61x15.84x4.15% 7.18B
8.63x19.18x22.06x5.32% 6.24B
10.07x18.13x18.81x6.1% 5.87B
Average 84.04x 15.29x 19.73x 3.82% 23.48B
Weighted average by Cap. 54.24x 17.59x 22.30x 3%

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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