PROLOGIS INC (PLD) Fundamental Analysis & Valuation

NYSE:PLD • US74340W1036

Current stock price

142.1 USD
-0.24 (-0.17%)
At close:
142.45 USD
+0.35 (+0.25%)
After Hours:

This PLD fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. PLD Profitability Analysis

1.1 Basic Checks

  • In the past year PLD was profitable.
  • 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.
PLD Yearly Net Income VS EBIT VS OCF VS FCFPLD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B

1.2 Ratios

  • PLD's Return On Assets of 3.37% is fine compared to the rest of the industry. PLD outperforms 77.05% of its industry peers.
  • With a decent Return On Equity value of 6.25%, PLD is doing good in the industry, outperforming 72.95% of the companies in the same industry.
  • With a Return On Invested Capital value of 2.86%, PLD perfoms like the industry average, outperforming 53.28% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for PLD is in line with the industry average of 3.12%.
  • The last Return On Invested Capital (2.86%) for PLD is above the 3 year average (2.76%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.37%
ROE 6.25%
ROIC 2.86%
ROA(3y)3.52%
ROA(5y)3.88%
ROE(3y)6.3%
ROE(5y)6.8%
ROIC(3y)2.76%
ROIC(5y)2.54%
PLD Yearly ROA, ROE, ROICPLD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 37.80%, PLD belongs to the top of the industry, outperforming 90.98% of the companies in the same industry.
  • PLD's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 38.84%, PLD belongs to the top of the industry, outperforming 84.43% of the companies in the same industry.
  • In the last couple of years the Operating Margin of PLD has grown nicely.
  • PLD's Gross Margin of 74.58% is fine compared to the rest of the industry. PLD outperforms 68.85% of its industry peers.
  • PLD's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 38.84%
PM (TTM) 37.8%
GM 74.58%
OM growth 3Y0.58%
OM growth 5Y4.15%
PM growth 3Y-12.4%
PM growth 5Y2.63%
GM growth 3Y-0.07%
GM growth 5Y0.25%
PLD Yearly Profit, Operating, Gross MarginsPLD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. PLD Health Analysis

2.1 Basic Checks

  • PLD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for PLD has been increased compared to 1 year ago.
  • Compared to 5 years ago, PLD has more shares outstanding
  • Compared to 1 year ago, PLD has a worse debt to assets ratio.
PLD Yearly Shares OutstandingPLD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
PLD Yearly Total Debt VS Total AssetsPLD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

2.2 Solvency

  • PLD has an Altman-Z score of 1.90. This is not the best score and indicates that PLD is in the grey zone with still only limited risk for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 1.90, PLD belongs to the best of the industry, outperforming 93.44% of the companies in the same industry.
  • PLD has a debt to FCF ratio of 352.87. This is a negative value and a sign of low solvency as PLD would need 352.87 years to pay back of all of its debts.
  • PLD has a Debt to FCF ratio of 352.87. This is in the better half of the industry: PLD outperforms 60.66% of its industry peers.
  • PLD has a Debt/Equity ratio of 0.62. This is a neutral value indicating PLD is somewhat dependend on debt financing.
  • The Debt to Equity ratio of PLD (0.62) is better than 84.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF 352.87
Altman-Z 1.9
ROIC/WACC0.38
WACC7.57%
PLD Yearly LT Debt VS Equity VS FCFPLD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B 40B 50B

2.3 Liquidity

  • A Current Ratio of 0.25 indicates that PLD may have some problems paying its short term obligations.
  • PLD has a Current ratio of 0.25. This is amonst the worse of the industry: PLD underperforms 86.89% of its industry peers.
  • 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 83.61% of its industry peers.
Industry RankSector Rank
Current Ratio 0.25
Quick Ratio 0.25
PLD Yearly Current Assets VS Current LiabilitesPLD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. PLD Growth Analysis

3.1 Past

  • PLD shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.75%.
  • Measured over the past years, PLD shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.94% on average per year.
  • PLD shows a small growth in Revenue. In the last year, the Revenue has grown by 6.72%.
  • The Revenue has been growing by 14.64% on average over the past years. This is quite good.
EPS 1Y (TTM)-0.75%
EPS 3Y-6.55%
EPS 5Y11.94%
EPS Q2Q%66.67%
Revenue 1Y (TTM)6.72%
Revenue growth 3Y13.74%
Revenue growth 5Y14.64%
Sales Q2Q%6.94%

3.2 Future

  • Based on estimates for the next years, PLD will show a small growth in Earnings Per Share. The EPS will grow by 4.28% on average per year.
  • The Revenue is expected to grow by 6.92% on average over the next years.
EPS Next Y-2.8%
EPS Next 2Y-0.43%
EPS Next 3Y2.36%
EPS Next 5Y4.28%
Revenue Next Year8.95%
Revenue Next 2Y7.53%
Revenue Next 3Y7.93%
Revenue Next 5Y6.92%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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.
PLD Yearly Revenue VS EstimatesPLD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2B 4B 6B 8B 10B
PLD Yearly EPS VS EstimatesPLD Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1 2 3 4

More info and screens

Find the best growth stocksShow best growing peers

2

4. PLD Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 35.79, which means the current valuation is very expensive for PLD.
  • The rest of the industry has a similar Price/Earnings ratio as PLD.
  • When comparing the Price/Earnings ratio of PLD to the average of the S&P500 Index (27.42), we can say PLD is valued slightly more expensively.
  • The Price/Forward Earnings ratio is 40.37, which means the current valuation is very expensive for PLD.
  • Based on the Price/Forward Earnings ratio, PLD is valued a bit cheaper than 65.57% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of PLD to the average of the S&P500 Index (22.24), we can say PLD is valued expensively.
Industry RankSector Rank
PE 35.79
Fwd PE 40.37
PLD Price Earnings VS Forward Price EarningsPLD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • 88.52% of the companies in the same industry are cheaper than PLD, based on the Enterprise Value to EBITDA ratio.
  • PLD's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 1334.15
EV/EBITDA 27.58
PLD Per share dataPLD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • PLD has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3
EPS Next 2Y-0.43%
EPS Next 3Y2.36%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. PLD Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.01%, PLD has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 7.42, PLD is paying slightly less dividend.
  • PLD's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 3.01%

5.2 History

  • The dividend of PLD is nicely growing with an annual growth rate of 10.68%!
  • PLD has been paying a dividend for at least 10 years, so it has a reliable track record.
  • PLD has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)10.68%
Div Incr Years12
Div Non Decr Years16
PLD Yearly Dividends per sharePLD Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • 116.53% of the earnings are spent on dividend by PLD. 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.
DP116.53%
EPS Next 2Y-0.43%
EPS Next 3Y2.36%
PLD Yearly Income VS Free CF VS DividendPLD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B
PLD Dividend Payout.PLD Dividend Payout, showing the Payout Ratio.PLD Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

PLD Fundamentals: All Metrics, Ratios and Statistics

PROLOGIS INC

NYSE:PLD (4/24/2026, 8:04:00 PM)

After market: 142.45 +0.35 (+0.25%)

142.1

-0.24 (-0.17%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)04-16
Earnings (Next)07-14
Inst Owners96.29%
Inst Owner Change0.05%
Ins Owners0.24%
Ins Owner Change16.91%
Market Cap132.47B
Revenue(TTM)8.95B
Net Income(TTM)3.32B
Analysts77.24
Price Target145.11 (2.12%)
Short Float %1.3%
Short Ratio3.54
Dividend
Industry RankSector Rank
Dividend Yield 3.01%
Yearly Dividend4.17
Dividend Growth(5Y)10.68%
DP116.53%
Div Incr Years12
Div Non Decr Years16
Ex-Date03-17
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)70.11%
Min EPS beat(2)22.64%
Max EPS beat(2)117.59%
EPS beat(4)3
Avg EPS beat(4)34.69%
Min EPS beat(4)-4.74%
Max EPS beat(4)117.59%
EPS beat(8)7
Avg EPS beat(8)47.95%
EPS beat(12)10
Avg EPS beat(12)38.89%
EPS beat(16)14
Avg EPS beat(16)43.46%
Revenue beat(2)0
Avg Revenue beat(2)-4.74%
Min Revenue beat(2)-5.94%
Max Revenue beat(2)-3.55%
Revenue beat(4)0
Avg Revenue beat(4)-4.14%
Min Revenue beat(4)-5.94%
Max Revenue beat(4)-3.34%
Revenue beat(8)0
Avg Revenue beat(8)-3.4%
Revenue beat(12)2
Avg Revenue beat(12)-2.15%
Revenue beat(16)6
Avg Revenue beat(16)4.1%
PT rev (1m)1.39%
PT rev (3m)5.61%
EPS NQ rev (1m)-2.88%
EPS NQ rev (3m)14.62%
EPS NY rev (1m)0%
EPS NY rev (3m)14.1%
Revenue NQ rev (1m)-0.36%
Revenue NQ rev (3m)1.45%
Revenue NY rev (1m)-0.26%
Revenue NY rev (3m)1.31%
Valuation
Industry RankSector Rank
PE 35.79
Fwd PE 40.37
P/S 15.07
P/FCF 1334.15
P/OCF 26.45
P/B 2.49
P/tB 2.49
EV/EBITDA 27.58
EPS(TTM)3.97
EY2.79%
EPS(NY)3.52
Fwd EY2.48%
FCF(TTM)0.11
FCFY0.07%
OCF(TTM)5.37
OCFY3.78%
SpS9.43
BVpS57.06
TBVpS57.06
PEG (NY)N/A
PEG (5Y)3
Graham Number71.3926 (-49.76%)
Profitability
Industry RankSector Rank
ROA 3.37%
ROE 6.25%
ROCE 3.62%
ROIC 2.86%
ROICexc 2.9%
ROICexgc 3.07%
OM 38.84%
PM (TTM) 37.8%
GM 74.58%
FCFM 1.13%
ROA(3y)3.52%
ROA(5y)3.88%
ROE(3y)6.3%
ROE(5y)6.8%
ROIC(3y)2.76%
ROIC(5y)2.54%
ROICexc(3y)2.79%
ROICexc(5y)2.57%
ROICexgc(3y)2.93%
ROICexgc(5y)2.68%
ROCE(3y)3.5%
ROCE(5y)3.22%
ROICexgc growth 3Y12.58%
ROICexgc growth 5Y7.7%
ROICexc growth 3Y11.48%
ROICexc growth 5Y7.02%
OM growth 3Y0.58%
OM growth 5Y4.15%
PM growth 3Y-12.4%
PM growth 5Y2.63%
GM growth 3Y-0.07%
GM growth 5Y0.25%
F-Score4
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF 352.87
Debt/EBITDA 5.48
Cap/Depr 186.94%
Cap/Sales 55.85%
Interest Coverage 4.05
Cash Conversion 82.92%
Profit Quality 2.99%
Current Ratio 0.25
Quick Ratio 0.25
Altman-Z 1.9
F-Score4
WACC7.57%
ROIC/WACC0.38
Cap/Depr(3y)244.73%
Cap/Depr(5y)276.1%
Cap/Sales(3y)75.49%
Cap/Sales(5y)86.34%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-0.75%
EPS 3Y-6.55%
EPS 5Y11.94%
EPS Q2Q%66.67%
EPS Next Y-2.8%
EPS Next 2Y-0.43%
EPS Next 3Y2.36%
EPS Next 5Y4.28%
Revenue 1Y (TTM)6.72%
Revenue growth 3Y13.74%
Revenue growth 5Y14.64%
Sales Q2Q%6.94%
Revenue Next Year8.95%
Revenue Next 2Y7.53%
Revenue Next 3Y7.93%
Revenue Next 5Y6.92%
EBIT growth 1Y10.21%
EBIT growth 3Y14.4%
EBIT growth 5Y19.4%
EBIT Next Year89.42%
EBIT Next 3Y29.42%
EBIT Next 5Y17.46%
FCF growth 1Y109.85%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1.96%
OCF growth 3Y6.67%
OCF growth 5Y11.27%

PROLOGIS INC / PLD Fundamental Analysis FAQ

What is the fundamental rating for PLD stock?

ChartMill assigns a fundamental rating of 5 / 10 to PLD.


Can you provide the valuation status for PROLOGIS INC?

ChartMill assigns a valuation rating of 2 / 10 to PROLOGIS INC (PLD). This can be considered as Overvalued.


What is the profitability of PLD stock?

PROLOGIS INC (PLD) has a profitability rating of 8 / 10.


What is the financial health of PROLOGIS INC (PLD) stock?

The financial health rating of PROLOGIS INC (PLD) is 3 / 10.


How sustainable is the dividend of PROLOGIS INC (PLD) stock?

The dividend rating of PROLOGIS INC (PLD) is 5 / 10 and the dividend payout ratio is 116.53%.