PROLOGIS INC (PLD) Stock Fundamental Analysis
NYSE:PLD - New York Stock Exchange, Inc. - US74340W1036 - REIT - Currency: USD
Taking everything into account, PLD scores 4 out of 10 in our fundamental rating. PLD was compared to 129 industry peers in the Diversified REITs industry. While PLD has a great profitability rating, there are quite some concerns on its financial health. PLD is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
PLD had positive earnings in the past year.
In the past year PLD had a positive cash flow from operations.
PLD had positive earnings in each of the past 5 years.
In the past 5 years PLD always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of PLD (3.89%) is better than 88.37% of its industry peers.
Looking at the Return On Equity, with a value of 6.98%, PLD belongs to the top of the industry, outperforming 80.62% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.75%, PLD is in line with its industry, outperforming 50.39% of the companies in the same industry.
PLD had an Average Return On Invested Capital over the past 3 years of 2.52%. This is in line with the industry average of 3.15%.
The last Return On Invested Capital (2.75%) for PLD is above the 3 year average (2.52%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.89% | ||
| ROE | 6.98% | ||
| ROIC | 2.75% |
ROA(3y)3.67%
ROA(5y)3.73%
ROE(3y)6.32%
ROE(5y)6.47%
ROIC(3y)2.52%
ROIC(5y)2.39%
1.3 Margins
Looking at the Profit Margin, with a value of 44.52%, PLD belongs to the top of the industry, outperforming 94.57% of the companies in the same industry.
In the last couple of years the Profit Margin of PLD has remained more or less at the same level.
PLD has a Operating Margin of 38.76%. This is amongst the best in the industry. PLD outperforms 83.72% of its industry peers.
In the last couple of years the Operating Margin of PLD has grown nicely.
Looking at the Gross Margin, with a value of 75.27%, PLD is in the better half of the industry, outperforming 72.87% of the companies in the same industry.
In the last couple of years the Gross Margin of PLD has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 38.76% | ||
| PM (TTM) | 44.52% | ||
| GM | 75.27% |
OM growth 3Y3.59%
OM growth 5Y4.87%
PM growth 3Y-9.67%
PM growth 5Y-0.7%
GM growth 3Y0.52%
GM growth 5Y0.68%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PLD is destroying value.
PLD has about the same amout of shares outstanding than it did 1 year ago.
PLD has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, PLD has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.54, we must say that PLD is in the distress zone and has some risk of bankruptcy.
PLD has a Altman-Z score of 1.54. This is amongst the best in the industry. PLD outperforms 89.92% of its industry peers.
A Debt/Equity ratio of 0.60 indicates that PLD is somewhat dependend on debt financing.
PLD has a Debt to Equity ratio of 0.60. This is amongst the best in the industry. PLD outperforms 84.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.54 |
ROIC/WACC0.34
WACC8.16%
2.3 Liquidity
A Current Ratio of 0.25 indicates that PLD may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.25, PLD is doing worse than 86.82% of the companies in the same industry.
PLD has a Quick Ratio of 0.25. This is a bad value and indicates that PLD is not financially healthy enough and could expect problems in meeting its short term obligations.
PLD has a Quick ratio of 0.25. This is amonst the worse of the industry: PLD underperforms 86.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.25 | ||
| Quick Ratio | 0.25 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 16.96% over the past year.
The Earnings Per Share has been growing by 10.30% on average over the past years. This is quite good.
The Revenue has been growing slightly by 2.11% in the past year.
Measured over the past years, PLD shows a quite strong growth in Revenue. The Revenue has been growing by 19.75% on average per year.
EPS 1Y (TTM)16.96%
EPS 3Y0.51%
EPS 5Y10.3%
EPS Q2Q%0%
Revenue 1Y (TTM)2.11%
Revenue growth 3Y19.89%
Revenue growth 5Y19.75%
Sales Q2Q%8.73%
3.2 Future
The Earnings Per Share is expected to grow by 2.20% on average over the next years.
The Revenue is expected to grow by 6.81% on average over the next years.
EPS Next Y-36.37%
EPS Next 2Y-13.99%
EPS Next 3Y-4.63%
EPS Next 5Y2.2%
Revenue Next Year9.02%
Revenue Next 2Y7.39%
Revenue Next 3Y6.82%
Revenue Next 5Y6.81%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
PLD is valuated quite expensively with a Price/Earnings ratio of 26.59.
73.64% of the companies in the same industry are more expensive than PLD, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.32. PLD is around the same levels.
Based on the Price/Forward Earnings ratio of 35.93, the valuation of PLD can be described as expensive.
Based on the Price/Forward Earnings ratio, PLD is valued a bit cheaper than the industry average as 69.77% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.19. PLD is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.59 | ||
| Fwd PE | 35.93 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PLD is valued expensively inside the industry as 89.15% of the companies are valued cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 22.09 |
4.3 Compensation for Growth
The excellent profitability rating of PLD may justify a higher PE ratio.
A cheap valuation may be justified as PLD's earnings are expected to decrease with -4.63% in the coming years.
PEG (NY)N/A
PEG (5Y)2.58
EPS Next 2Y-13.99%
EPS Next 3Y-4.63%
5. Dividend
5.1 Amount
PLD has a Yearly Dividend Yield of 3.73%.
PLD's Dividend Yield is slightly below the industry average, which is at 6.77.
Compared to an average S&P500 Dividend Yield of 2.40, PLD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.73% |
5.2 History
On average, the dividend of PLD grows each year by 12.58%, which is quite nice.
PLD has paid a dividend for at least 10 years, which is a reliable track record.
PLD has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)12.58%
Div Incr Years11
Div Non Decr Years15
5.3 Sustainability
PLD pays out 96.94% of its income as dividend. This is not a sustainable payout ratio.
The dividend of PLD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP96.94%
EPS Next 2Y-13.99%
EPS Next 3Y-4.63%
NYSE:PLD (6/18/2025, 12:21:01 PM)
106.34
+1.25 (+1.19%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.54%
Inst Owner Change1.01%
Ins Owners0.24%
Ins Owner Change3.01%
Market Cap98.68B
Analysts75.71
Price Target119.85 (12.7%)
Short Float %1.27%
Short Ratio2.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.73% |
Yearly Dividend3.86
Dividend Growth(5Y)12.58%
DP96.94%
Div Incr Years11
Div Non Decr Years15
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)57.61%
Min EPS beat(2)3.27%
Max EPS beat(2)111.94%
EPS beat(4)4
Avg EPS beat(4)59.31%
Min EPS beat(4)3.27%
Max EPS beat(4)111.94%
EPS beat(8)8
Avg EPS beat(8)42.12%
EPS beat(12)11
Avg EPS beat(12)31.89%
EPS beat(16)15
Avg EPS beat(16)56.45%
Revenue beat(2)0
Avg Revenue beat(2)-2.65%
Min Revenue beat(2)-3.34%
Max Revenue beat(2)-1.95%
Revenue beat(4)0
Avg Revenue beat(4)-2.75%
Min Revenue beat(4)-3.5%
Max Revenue beat(4)-1.95%
Revenue beat(8)1
Avg Revenue beat(8)-2.35%
Revenue beat(12)5
Avg Revenue beat(12)5.74%
Revenue beat(16)9
Avg Revenue beat(16)7.74%
PT rev (1m)-1.44%
PT rev (3m)-9.4%
EPS NQ rev (1m)0.51%
EPS NQ rev (3m)2.08%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.25%
Revenue NY rev (1m)0.22%
Revenue NY rev (3m)0.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.59 | ||
| Fwd PE | 35.93 | ||
| P/S | 11.77 | ||
| P/FCF | N/A | ||
| P/OCF | 19.67 | ||
| P/B | 1.85 | ||
| P/tB | 1.85 | ||
| EV/EBITDA | 22.09 |
EPS(TTM)4
EY3.76%
EPS(NY)2.96
Fwd EY2.78%
FCF(TTM)-1.74
FCFYN/A
OCF(TTM)5.41
OCFY5.08%
SpS9.04
BVpS57.62
TBVpS57.62
PEG (NY)N/A
PEG (5Y)2.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.89% | ||
| ROE | 6.98% | ||
| ROCE | 3.48% | ||
| ROIC | 2.75% | ||
| ROICexc | 2.77% | ||
| ROICexgc | 2.91% | ||
| OM | 38.76% | ||
| PM (TTM) | 44.52% | ||
| GM | 75.27% | ||
| FCFM | N/A |
ROA(3y)3.67%
ROA(5y)3.73%
ROE(3y)6.32%
ROE(5y)6.47%
ROIC(3y)2.52%
ROIC(5y)2.39%
ROICexc(3y)2.54%
ROICexc(5y)2.41%
ROICexgc(3y)2.66%
ROICexgc(5y)2.52%
ROCE(3y)3.19%
ROCE(5y)3.03%
ROICexcg growth 3Y6.79%
ROICexcg growth 5Y6.05%
ROICexc growth 3Y5.95%
ROICexc growth 5Y5.49%
OM growth 3Y3.59%
OM growth 5Y4.87%
PM growth 3Y-9.67%
PM growth 5Y-0.7%
GM growth 3Y0.52%
GM growth 5Y0.68%
F-Score6
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.44 | ||
| Cap/Depr | 255.65% | ||
| Cap/Sales | 79.13% | ||
| Interest Coverage | 4.22 | ||
| Cash Conversion | 85.85% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.25 | ||
| Quick Ratio | 0.25 | ||
| Altman-Z | 1.54 |
F-Score6
WACC8.16%
ROIC/WACC0.34
Cap/Depr(3y)289.47%
Cap/Depr(5y)281.07%
Cap/Sales(3y)89.36%
Cap/Sales(5y)90.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)16.96%
EPS 3Y0.51%
EPS 5Y10.3%
EPS Q2Q%0%
EPS Next Y-36.37%
EPS Next 2Y-13.99%
EPS Next 3Y-4.63%
EPS Next 5Y2.2%
Revenue 1Y (TTM)2.11%
Revenue growth 3Y19.89%
Revenue growth 5Y19.75%
Sales Q2Q%8.73%
Revenue Next Year9.02%
Revenue Next 2Y7.39%
Revenue Next 3Y6.82%
Revenue Next 5Y6.81%
EBIT growth 1Y2.45%
EBIT growth 3Y24.19%
EBIT growth 5Y25.58%
EBIT Next Year78.02%
EBIT Next 3Y26.6%
EBIT Next 5Y24.41%
FCF growth 1Y-22.35%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y14.05%
OCF growth 3Y17.92%
OCF growth 5Y16.76%