Company Valuation: Starwood Property Trust, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,461 5,675 6,584 6,389 6,670 6,030 - -
Change - -23.94% 16.02% -2.96% 4.39% -9.59% - -
Enterprise Value (EV) 1 9,072 7,743 9,008 6,389 28,264 22,370 23,148 6,030
Change - -14.65% 16.34% -29.07% 342.38% -20.85% 3.48% -73.95%
P/E 16x 6.69x 19.6x 17.2x 15.7x 21.5x 13.2x 13.6x
PBR 1.22x - 1x 0.99x 0.98x 0.89x 0.95x 1.07x
PEG - 0.1x -0.3x 6.13x 3.45x -0.6x 0.2x -4.89x
Capitalization / Revenue 6.38x 3.87x 3.21x 3.28x 3.62x 2.84x 2.61x 2.39x
EV / Revenue 7.75x 5.29x 4.39x 3.28x 15.3x 10.5x 10x 2.39x
EV / EBITDA - - - - 19.6x 14.2x 12.7x -
EV / EBIT 50.1x 32.5x 5.52x 4.23x 20.9x 22x 18.6x -
EV / FCF - - - - 39.9x 39.3x 31.1x -
FCF Yield - - - - 2.51% 2.54% 3.21% -
Dividend per Share 2 1.92 1.92 1.92 1.92 1.92 1.92 1.92 1.92
Rate of return 7.9% 10.5% 9.13% 10.1% 10.7% 11.8% 11.8% 11.8%
EPS 2 1.52 2.74 1.07 1.1 1.15 0.7578 1.236 1.202
Distribution rate 126% 70.1% 179% 175% 167% 253% 155% 160%
Net sales 1 1,170 1,465 2,050 1,947 1,844 2,124 2,308 2,520
EBITDA 1 - - - - 1,439 1,570 1,820 -
EBIT 1 181 238.4 1,631 1,511 1,354 1,018 1,247 -
Net income 1 447.7 871.5 339.2 359.9 411.5 274.5 452.8 461
Net Debt 1 1,611 2,068 2,424 - 21,595 16,340 17,118 -
Reference price 2 24.30 18.33 21.02 18.95 18.01 16.29 16.29 16.29
Nbr of stocks (in thousands) 307,018 309,584 313,226 337,159 370,331 370,169 - -
Announcement Date 25/02/22 01/03/23 22/02/24 27/02/25 25/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.5x10.53x14.25x11.79% 6.03B
7.8x66.51x18.07x12.66% 17.52B
10.51x74.21x53.18x13.11% 13.02B
11.2x - - 9.76% 5.72B
11.3x - - 15.63% 3.23B
-76.74x44.54x - 12.89% 2.41B
9.27x - - 17.58% 2.32B
6.45x - - 11.45% 1.76B
7.34x - - 18.67% 1.35B
9.09x-368.62x - 11.17% 1.28B
Average 1.77x -34.57x 28.50x 13.47% 5.46B
Weighted average by Cap. 6.83x 45.46x 29.94x 12.84%

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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