Company Valuation: Starwood Property Trust, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,461 5,675 6,584 6,389 6,670 6,167 - -
Change - -23.94% 16.02% -2.96% 4.39% -7.54% - -
Enterprise Value (EV) 1 9,072 7,743 9,008 6,389 28,264 31,694 21,998 6,167
Change - -14.65% 16.34% -29.07% 342.38% 12.13% -30.59% -71.97%
P/E 16x 6.69x 19.6x 17.2x 15.7x 20.6x 13x 12.7x
PBR 1.22x - 1x 0.99x 0.98x 0.92x 0.96x 1.09x
PEG - 0.1x -0.3x 6.13x 3.45x -0.7x 0.2x 5.79x
Capitalization / Revenue 6.38x 3.87x 3.21x 3.28x 3.62x 2.98x 2.67x 2.42x
EV / Revenue 7.75x 5.29x 4.39x 3.28x 15.3x 15.3x 9.52x 2.42x
EV / EBITDA - - - - 19.6x 18.8x 11.7x -
EV / EBIT 50.1x 32.5x 5.52x 4.23x 20.9x 28.8x 17.5x -
EV / FCF - - - - 39.9x 48.7x 29.7x -
FCF Yield - - - - 2.51% 2.05% 3.37% -
Dividend per Share 2 1.92 1.92 1.92 1.92 1.92 1.92 1.92 1.92
Rate of return 7.9% 10.5% 9.13% 10.1% 10.7% 11.5% 11.5% 11.5%
EPS 2 1.52 2.74 1.07 1.1 1.15 0.81 1.284 1.312
Distribution rate 126% 70.1% 179% 175% 167% 237% 150% 146%
Net sales 1 1,170 1,465 2,050 1,947 1,844 2,072 2,310 2,552
EBITDA 1 - - - - 1,439 1,690 1,880 -
EBIT 1 181 238.4 1,631 1,511 1,354 1,102 1,261 -
Net income 1 447.7 871.5 339.2 359.9 411.5 304.4 471.4 504.5
Net Debt 1 1,611 2,068 2,424 - 21,595 25,527 15,831 -
Reference price 2 24.30 18.33 21.02 18.95 18.01 16.66 16.66 16.66
Nbr of stocks (in thousands) 307,018 309,584 313,226 337,159 370,331 370,169 - -
Announcement Date 2/25/22 3/1/23 2/22/24 2/27/25 2/25/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
18.86x15.3x18.75x11.53% 6.16B
7.69x66.39x18.04x12.85% 17.27B
10.3x74.03x53.05x13.38% 12.76B
10.8x - - 9.89% 5.65B
11.07x - - 15.96% 3.16B
-77.01x44.56x - 12.84% 2.42B
9.36x - - 17.41% 2.34B
6.34x - - 11.58% 1.72B
7.07x - - 19.38% 1.3B
8.98x-367.91x - 11.31% 1.26B
Average 1.35x -33.52x 29.95x 13.61% 5.4B
Weighted average by Cap. 6.36x 45.84x 30.50x 12.98%

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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