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 5,301 - -
Change - -23.94% 16.02% -2.96% 4.39% -20.52% - -
Enterprise Value (EV) 1 9,072 7,743 9,008 23,354 28,264 21,641 22,419 5,301
Change - -14.65% 16.34% 159.25% 21.03% -23.43% 3.59% -76.36%
P/E 16x 6.69x 19.6x 17.2x 15.7x 18.9x 11.6x 11.9x
PBR 1.22x - 1x 0.99x 0.98x 0.78x 0.83x 0.94x
PEG - 0.1x -0.3x 6.13x 3.45x -0.6x 0.2x -4.28x
Capitalization / Revenue 6.38x 3.87x 3.21x 3.28x 3.62x 2.5x 2.3x 2.1x
EV / Revenue 7.75x 5.29x 4.39x 12x 15.3x 10.2x 9.71x 2.1x
EV / EBITDA - - - - 19.6x 13.8x 12.3x -
EV / EBIT 50.1x 32.5x 5.52x 15.5x 20.9x 21.3x 18x -
EV / FCF - - - - 39.9x 38.1x 30.1x -
FCF Yield - - - - 2.51% 2.63% 3.32% -
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% 13.4% 13.4% 13.4%
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 16,965 21,595 16,340 17,118 -
Reference price 2 24.30 18.33 21.02 18.95 18.01 14.32 14.32 14.32
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.($)
18.9x10.19x13.78x13.41% 5.3B
6.83x65.47x17.79x14.47% 15.34B
9.06x72.98x52.3x15.22% 11.21B
9.92x - - 11.01% 5.07B
9.81x - - 18.01% 2.8B
-80.06x49.04x - 14.67% 2.12B
7.91x - - 20.6% 1.98B
5.78x - - 12.79% 1.57B
20.67x23.98x - 10.23% 1.14B
6.17x - - 22.18% 1.13B
Average 1.50x 44.33x 27.96x 15.26% 4.77B
Weighted average by Cap. 5.67x 57.19x 29.27x 14.66%

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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