Company Valuation: Welltower Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 37,333 30,974 49,906 78,478 127,389 179,742 - -
Change - -17.03% 61.12% 57.25% 62.33% 41.1% - -
Enterprise Value (EV) 1 51,195 44,890 63,648 90,471 141,917 195,526 197,906 198,286
Change - -12.32% 41.79% 42.14% 56.86% 37.77% 1.22% 0.19%
P/E 110x 219x 137x 80.3x 134x 83.9x 76.6x 62.4x
PBR 2.18x 1.58x 2.02x 2.51x 3.07x 3.61x 3.54x 3.44x
PEG - -3.6x 1x 1x -11.7x 1x 8.05x 2.7x
Capitalization / Revenue 7.87x 5.29x 7.52x 9.82x 11.8x 12.4x 10.6x 9.52x
EV / Revenue 10.8x 7.66x 9.59x 11.3x 13.1x 13.5x 11.7x 10.5x
EV / EBITDA 27.8x 20.9x 25.3x 30.9x 54.6x 36.1x 30.1x 26.9x
EV / EBIT 63.7x 53.4x 57.3x 70x 275x 74.9x 57.2x 46.8x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2.44 2.44 2.44 2.56 2.82 3.158 3.587 3.962
Rate of return 2.84% 3.72% 2.71% 2.03% 1.52% 1.29% 1.46% 1.62%
EPS 2 0.78 0.3 0.66 1.57 1.39 2.921 3.199 3.927
Distribution rate 313% 813% 370% 163% 203% 108% 112% 101%
Net sales 1 4,742 5,861 6,638 7,991 10,838 14,498 16,951 18,875
EBITDA 1 1,841 2,151 2,511 2,925 2,602 5,418 6,581 7,359
EBIT 1 803.3 841.1 1,110 1,293 516.6 2,611 3,463 4,240
Net income 1 336.1 141.2 340.1 951.7 936.8 2,199 2,492 3,052
Net Debt 1 13,862 13,916 13,742 11,994 14,528 15,785 18,164 18,544
Reference price 2 85.77 65.55 90.17 126.03 185.61 245.01 245.01 245.01
Nbr of stocks (in thousands) 435,275 472,521 553,469 622,690 686,328 733,610 - -
Announcement Date 2/15/22 2/15/23 2/13/24 2/11/25 2/10/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
83.88x13.49x36.09x1.29% 180B
55.92x11.87x23.12x2.04% 100B
27.11x11.19x16.96x3.78% 87.55B
63.26x11.75x22.3x2.8% 65.9B
35.63x14.62x20.65x3.56% 63.05B
166.43x8.4x23.26x2.34% 46.93B
45.98x13.75x20.45x4.8% 37.7B
34.36x15.57x18.95x4.08% 33.23B
57.66x6.21x16.66x3.37% 31.73B
Average 63.36x 11.87x 22.05x 3.12% 71.79B
Weighted average by Cap. 64.99x 12.25x 24.89x 2.65%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Welltower Inc.

Historical PBR trend

Valuation ratios - PBR - Welltower Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Welltower Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Welltower Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Welltower Inc.