Company Valuation: First Capital Real Estate Investment Trust

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 4,142 3,590 3,255 3,601 4,015 4,966 -
Change - -13.33% -9.34% 10.63% 11.51% 23.68% -
Enterprise Value (EV) 1 8,533 7,741 3,255 3,601 7,943 9,044 8,835
Change - -9.28% -57.95% 10.63% 120.59% 13.86% -2.32%
P/E - - - - - - -
PBR - - - - - - -
PEG - - - - - - -
Capitalization / Revenue 6.14x 5.18x 4.73x 5.05x 5.49x 6.48x 6.38x
EV / Revenue 12.6x 11.2x 4.73x 5.05x 10.9x 11.8x 11.4x
EV / EBITDA 22.2x 20.4x 7.91x 7.84x 17.8x 20.1x 19.2x
EV / EBIT - - - - - - -
EV / FCF - - 38.4x 32.7x 133x -129x -99.3x
FCF Yield - - 2.6% 3.06% 0.75% -0.77% -1.01%
Dividend per Share 2 0.432 0.575 0.864 0.864 0.89 0.91 0.93
Rate of return 2.29% 3.42% 5.63% 5.09% 4.71% 3.89% 3.98%
EPS 2 - - - - - - -
Distribution rate - - - - - - -
Net sales 1 674.9 693.1 688 713.5 731.2 766.3 777.8
EBITDA 1 385.2 380.3 411.6 459.5 446.1 450 460.2
EBIT - - - - - - -
Net income - - - - - - -
Net Debt 1 4,391 4,151 - - 3,928 4,078 3,868
Reference price 2 18.86 16.81 15.34 16.96 18.90 23.39 23.39
Nbr of stocks (in thousands) 219,632 213,578 212,184 212,323 212,452 212,600 -
Announcement Date 08/02/22 07/02/23 06/02/24 11/02/25 10/02/26 - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- 11.8x20.1x3.9% 3.55B
33.41x18.1x21.53x3.34% 122B
35.41x15.1x19.35x3.98% 73.3B
39.33x15.14x15.69x5.48% 56.58B
19.71x16.61x18.94x1.05% 40.93B
29.82x11.48x15.77x4.21% 17.03B
14.07x22.79x27.52x3.57% 16.71B
9.09x12.08x14.76x5.87% 15.21B
18.76x16.69x24.48x5.07% 14.79B
30.6x11.54x16.89x3.98% 13.94B
Average 25.58x 15.13x 19.50x 4.04% 37.42B
Weighted average by Cap. 30.47x 16.20x 19.60x 3.79%

Y-o-Y evolution of P/E

Valuation ratios - P/E - First Capital Real Estate Investment Trust

Historical PBR trend

Valuation ratios - PBR - First Capital Real Estate Investment Trust

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - First Capital Real Estate Investment Trust

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - First Capital Real Estate Investment Trust


Year-on-year evolution of the Yield

Valuation ratios - Yield - First Capital Real Estate Investment Trust
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