Company Valuation: ProLogis, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 124,473 104,059 123,165 97,897 118,579 126,030 - -
Change - -16.4% 18.36% -20.52% 21.13% 6.28% - -
Enterprise Value (EV) 1 141,632 127,656 151,635 127,457 152,471 163,641 165,825 167,435
Change - -9.87% 18.78% -15.94% 19.62% 7.33% 1.33% 0.97%
P/E 42.7x 27.2x 40.5x 26.4x 36.8x 39.5x 39.8x 36.4x
PBR 3.73x 1.96x 2.32x 1.82x 2.23x - - -
PEG - 5.36x -2x 1.2x -2.7x -11.96x -55.29x 3.87x
Capitalization / Revenue 30x 21.2x 18.1x 13x 14.5x 14.4x 13.5x 12.5x
EV / Revenue 34.1x 26x 22.2x 17x 18.7x 18.7x 17.8x 16.7x
EV / EBITDA 44.3x 31.2x 27.2x 22.4x 25.2x 23.7x 22.4x 21.3x
EV / EBIT 87.6x 56x 49.2x 41.1x 44.7x 44.1x 40.6x 37.1x
EV / FCF 47.3x 279x - - - 77,153x 64,298x 48,141x
FCF Yield 2.12% 0.36% - - - 0% 0% 0%
Dividend per Share 2 2.52 3.16 3.48 3.84 4.04 4.28 4.538 4.79
Rate of return 1.5% 2.8% 2.61% 3.63% 3.16% 3.23% 3.42% 3.61%
EPS 2 3.94 4.14 3.29 4.01 3.472 3.358 3.333 3.647
Distribution rate 64% 76.3% 106% 95.8% 116% 127% 136% 131%
Net sales 1 4,148 4,913 6,819 7,515 8,159 8,754 9,329 10,046
EBITDA 1 3,195 4,093 5,569 5,679 6,040 6,897 7,409 7,877
EBIT 1 1,617 2,280 3,084 3,098 3,414 3,713 4,085 4,516
Net income 1 2,934 3,359 3,053 3,726 3,322 3,377 3,223 3,533
Net Debt 1 17,159 23,597 28,470 29,561 33,891 37,611 39,795 41,405
Reference price 2 168.36 112.73 133.30 105.70 127.66 132.61 132.61 132.61
Nbr of stocks (in thousands) 739,327 923,079 923,971 926,175 928,867 950,380 - -
Announcement Date 19/01/22 18/01/23 17/01/24 21/01/25 21/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
39.5x18.69x23.73x3.23% 126B
30.86x14.03x17.83x4.41% 66.1B
36.52x14.64x15.12x5.92% 52.01B
17.93x15.15x17.26x1.15% 37.32B
16.54x23.24x27.85x3.49% 16.75B
26.33x10.56x14.57x4.79% 15.04B
8.2x11.84x14.51x6.08% 14.84B
17.88x15.97x23.13x5.41% 13.81B
29.27x11.14x16.32x4.18% 13.28B
15.06x10.94x16.04x6.7% 12.36B
Average 23.81x 14.62x 18.63x 4.53% 36.75B
Weighted average by Cap. 30.48x 15.88x 19.68x 4.03%

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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