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 97,897 118,579 127,313 - -
Change - -16.4% 18.36% -20.52% 21.13% 7.37% - -
Enterprise Value (EV) 1 141,632 127,656 151,635 127,457 152,471 164,924 167,108 168,718
Change - -9.87% 18.78% -15.94% 19.62% 8.17% 1.32% 0.96%
P/E 42.7x 27.2x 40.5x 26.4x 36.8x 40.2x 39.3x 36.7x
PBR 3.73x 1.96x 2.32x 1.82x 2.23x - - -
PEG - 5.36x -2x 1.2x -2.7x -9.82x 17.45x 5.17x
Capitalization / Revenue 30x 21.2x 18.1x 13x 14.5x 14.6x 13.7x 12.7x
EV / Revenue 34.1x 26x 22.2x 17x 18.7x 18.9x 18x 16.8x
EV / EBITDA 44.3x 31.2x 27.2x 22.4x 25.2x 24.1x 22.6x 21.4x
EV / EBIT 87.6x 56x 49.2x 41.1x 44.7x 44.4x 40.9x 37.4x
EV / FCF 47.3x 279x - - - 77,758x 64,796x 48,510x
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% 3.19% 3.39% 3.58%
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 2 168.36 112.73 133.30 105.70 127.66 133.96 133.96 133.96
Nbr of stocks (in thousands) 739,327 923,079 923,971 926,175 928,867 950,380 - -
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.($)
40.8x19.06x24.35x3.15% 129B
17.81x15.05x17.15x1.16% 37.79B
34.44x15.91x22.53x3.12% 10.92B
635.26x9.61x13.54x4.59% 8.5B
26.22x13.56x19.82x3.2% 8.2B
33.64x16.41x24.83x3.25% 7.24B
34.01x11.61x15.86x4.14% 7.2B
20.32x13.11x16.92x4.19% 7.14B
9.17x18.48x21.21x5.62% 5.82B
9.97x18.08x18.76x6.16% 5.75B
Average 86.17x 15.09x 19.50x 3.86% 22.77B
Weighted average by Cap. 55.68x 17.15x 21.79x 3.08%

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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