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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
48.64x - - 3% 975M
40.38x15.67x16.25x5.18% 58.92B
9.27x12.59x15.71x5.35% 16.89B
10.95x22.54x26.5x3.77% 15.72B
19.83x16.83x24.67x4.99% 14.76B
10.02x13.25x15.95x5.51% 11.65B
8.03x22.62x30.63x2.78% 10.74B
31.29x11.27x17.78x3.77% 10.42B
16x12.31x19.22x6.11% 9.66B
23.64x7.23x11.83x5.78% 8.69B
Average 21.81x 14.92x 19.84x 4.62% 15.84B
Weighted average by Cap. 24.85x 15.47x 19.00x 4.88%

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