Company Valuation: Whitestone REIT

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 497.5 476.1 609.4 717.7 708.7 974.9 - -
Change - -4.31% 28% 17.76% -1.25% 37.57% - -
Enterprise Value (EV) 497.5 476.1 609.4 717.7 708.7 974.9 974.9 974.9
Change - -4.31% 28% 17.76% -1.25% 37.57% 0% 0%
P/E 39x 13.6x 32.3x 19.7x 14.6x 48.6x 42.3x 42.2x
PBR - - - - - - - -
PEG - 0x -0.7x 0.2x 0.5x -0.8x 2.8x 94.53x
Capitalization / Revenue 3.97x 3.41x 4.15x 4.65x 4.41x 5.7x 5.45x 5.26x
EV / Revenue 0x 0x 0x 0x 0x 5.7x 5.45x 5.26x
EV / EBITDA 0x 0x 0x 0x 0x 10.3x 9.98x -
EV / EBIT - 0x - 0x 0x 17.8x - -
EV / FCF - 0x - 0x 0x 18.2x 17.7x 9.24x
FCF Yield - 6.46% - 4,991% 3.73% 5.5% 5.67% 10.8%
Dividend per Share 2 0.4283 0.4675 0.48 0.54 - 0.57 0.5875 0.62
Rate of return 4.23% 4.85% 3.91% 3.81% - 3% 3.1% 3.27%
EPS 2 0.26 0.71 0.38 0.72 0.95 0.39 0.448 0.45
Distribution rate 165% 65.8% 126% 75% - 146% 131% 138%
Net sales 1 125.4 139.4 147 154.3 160.9 171.2 179 185.3
EBITDA 1 72.85 80.75 81.02 85.34 89.64 94.28 97.7 -
EBIT 1 - 46.35 - 50.22 53.58 54.7 - -
Net income 1 12.05 35.27 19.18 36.89 49.93 20.28 23.35 23.1
Net Debt - - - - - - - -
Reference price 2 10.13 9.64 12.29 14.17 13.89 18.97 18.97 18.97
Nbr of stocks (in thousands) 49,113 49,386 49,586 50,646 51,020 51,394 - -
Announcement Date 3/1/22 2/28/23 3/6/24 3/3/25 2/25/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
48.64x - - 3% 975M
40.33x15.64x16.25x5.19% 58.86B
9.19x12.87x15.96x5.3% 17B
11.08x23.51x26.25x3.72% 15.74B
19.83x16.83x24.67x4.99% 14.76B
10.45x13.58x16.29x5.28% 12.14B
8.15x22.87x30.81x2.73% 10.97B
32.47x11.56x18.23x3.63% 10.81B
16.26x12.42x19.4x6.01% 9.8B
29.85x7.57x12.52x5.22% 9.62B
Average 22.63x 15.20x 20.04x 4.51% 16.07B
Weighted average by Cap. 25.26x 15.61x 19.09x 4.81%

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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  4. Valuation Whitestone REIT