US74340W1036 - REIT

We assign a fundamental rating of **4** out of 10 to **PLD**. **PLD** was compared to 128 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.

In the past year **PLD** was profitable.

In the past year **PLD** had a positive cash flow from operations.

In the past 5 years **PLD** has always been profitable.

Of the past 5 years **PLD** 4 years had a positive operating cash flow.

Looking at the **Return On Equity**, with a value of **5.61%**, **PLD** is in the better half of the industry, outperforming **77.42%** of the companies in the same industry.

The last **Return On Invested Capital** (**2.66%**) for **PLD** is above the 3 year average (**2.41%**), which is a sign of increasing profitability.

Industry Rank | Sector Rank | ||
---|---|---|---|

ROA | 3.27% | ||

ROE | 5.61% | ||

ROIC | 2.66% |

ROA(3y)4.04%

ROA(5y)3.73%

ROE(3y)6.94%

ROE(5y)6.47%

ROIC(3y)2.41%

ROIC(5y)2.27%

The **Profit Margin** of **PLD** (**38.17%**) is better than **89.52%** of its industry peers.

In the last couple of years the **Profit Margin** of **PLD** has declined.

With an excellent **Operating Margin** value of **38.60%**, **PLD** belongs to the best of the industry, outperforming **83.06%** of the companies in the same industry.

Looking at the **Gross Margin**, with a value of **75.12%**, **PLD** is in the better half of the industry, outperforming **70.16%** of the companies in the same industry.

Industry Rank | Sector Rank | ||
---|---|---|---|

OM | 38.6% | ||

PM (TTM) | 38.17% | ||

GM | 75.12% |

OM growth 3Y6.65%

OM growth 5Y4.94%

PM growth 3Y4.67%

PM growth 5Y-8.27%

GM growth 3Y0.59%

GM growth 5Y0.53%

The debt/assets ratio for **PLD** is higher compared to a year ago.

Industry Rank | Sector Rank | ||
---|---|---|---|

Debt/Equity | 0.51 | ||

Debt/FCF | N/A | ||

Altman-Z | 2.11 |

ROIC/WACC0.34

WACC7.75%

The **Current ratio** of **PLD** (**0.43**) is worse than **86.29%** of its industry peers.

With a **Quick ratio** value of **0.43**, **PLD** is not doing good in the industry: **86.29%** of the companies in the same industry are doing better.

Industry Rank | Sector Rank | ||
---|---|---|---|

Current Ratio | 0.43 | ||

Quick Ratio | 0.43 |

The **Earnings Per Share** has been growing slightly by **2.99%** on average over the past years.

Measured over the past years, **PLD** shows a very strong growth in **Revenue**. The Revenue has been growing by **23.40%** on average per year.

EPS 1Y (TTM)-39.89%

EPS 3Y17.66%

EPS 5Y2.99%

EPS growth Q2Q-41.18%

Revenue 1Y (TTM)43.4%

Revenue growth 3Y21.82%

Revenue growth 5Y23.4%

Revenue growth Q2Q9.36%

Based on estimates for the next years, **PLD** will show a small growth in **Earnings Per Share**. The EPS will grow by **4.19%** on average per year.

EPS Next Y-19.45%

EPS Next 2Y-1.12%

EPS Next 3Y6.7%

EPS Next 5Y4.19%

Revenue Next Year11.78%

Revenue Next 2Y10.77%

Revenue Next 3Y12.23%

Revenue Next 5Y11.41%

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.

The **Price/Earnings** ratio is **41.19**, which means the current valuation is very expensive for **PLD**.

The rest of the industry has a similar **Price/Earnings** ratio as **PLD**.

A **Price/Forward Earnings** ratio of **50.35** indicates a quite expensive valuation of **PLD**.

Compared to the rest of the industry, the **Price/Forward Earnings** ratio of **PLD** is on the same level as its industry peers.

Compared to an average S&P500 **Price/Forward Earnings** ratio of **21.38**, **PLD** is valued quite expensively.

Industry Rank | Sector Rank | ||
---|---|---|---|

PE | 41.19 | ||

Fwd PE | 50.35 |

90.32% of the companies in the same industry are cheaper than **PLD**, based on the **Enterprise Value to EBITDA** ratio.

Industry Rank | Sector Rank | ||
---|---|---|---|

P/FCF | N/A | ||

EV/EBITDA | 27.28 |

PEG (NY)N/A

PEG (5Y)13.8

EPS Next 2Y-1.12%

EPS Next 3Y6.7%

With a **Yearly Dividend Yield** of **2.61%**, **PLD** has a reasonable but not impressive dividend return.

With a **Dividend Yield** of **2.61**, **PLD** pays less dividend than the industry average, which is at **5.87**. 80.65% of the companies listed in the same industry pay a better dividend than **PLD**!

Industry Rank | Sector Rank | ||
---|---|---|---|

Dividend Yield | 2.61% |

On average, the dividend of **PLD** grows each year by **11.04%**, which is quite nice.

Dividend Growth(5Y)11.04%

Div Incr Years9

Div Non Decr Years13

The dividend of **PLD** is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.

DP104.72%

EPS Next 2Y-1.12%

EPS Next 3Y6.7%

**PROLOGIS INC**

NYSE:PLD (2/22/2024, 3:47:55 PM)

After market: 133.44 0 (0%)**133.44**

**+0.02 (+0.01%) **

Chartmill FA Rating

GICS SectorReal Estate

GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)

GICS IndustryDiversified REITs

Earnings (Last)

Earnings (Next)

Inst Owners

Inst Owner Change

Ins Owners

Ins Owner Change

Market Cap123.29B

Analysts

Price Target

Dividend

Industry Rank | Sector Rank | ||
---|---|---|---|

Dividend Yield | 2.61% |

Dividend Growth(5Y)

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Div Non Decr Years

Ex-Date

Surprises & Revisions

EPS beat(2)

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Revenue NQ rev (1m)

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Revenue NY rev (3m)

Valuation

Industry Rank | Sector Rank | ||
---|---|---|---|

PE | 41.19 | ||

Fwd PE | 50.35 | ||

P/S | |||

P/FCF | |||

P/OCF | |||

P/B | |||

P/tB | |||

EV/EBITDA |

EPS(TTM)

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PEG (NY)N/A

PEG (5Y)13.8

Profitability

Industry Rank | Sector Rank | ||
---|---|---|---|

ROA | 3.27% | ||

ROE | 5.61% | ||

ROCE | |||

ROIC | |||

ROICexc | |||

ROICexgc | |||

OM | 38.6% | ||

PM (TTM) | 38.17% | ||

GM | 75.12% | ||

FCFM |

ROA(3y)

ROA(5y)

ROE(3y)

ROE(5y)

ROIC(3y)

ROIC(5y)

ROICexc(3y)

ROICexc(5y)

ROICexgc(3y)

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ROICexcg growth 5Y

ROICexc growth 3Y

ROICexc growth 5Y

OM growth 3Y

OM growth 5Y

PM growth 3Y

PM growth 5Y

GM growth 3Y

GM growth 5Y

F-Score

Asset Turnover0.09

Health

Industry Rank | Sector Rank | ||
---|---|---|---|

Debt/Equity | 0.51 | ||

Debt/FCF | |||

Debt/EBITDA | |||

Cap/Depr | |||

Cap/Sales | |||

Interest Coverage | |||

Cash Conversion | |||

Profit Quality | |||

Current Ratio | 0.43 | ||

Quick Ratio | 0.43 | ||

Altman-Z |

F-Score

WACC

ROIC/WACC

Cap/Depr(3y)

Cap/Depr(5y)

Cap/Sales(3y)

Cap/Sales(5y)

Profit Quality(3y)

Profit Quality(5y)

Growth

EPS 1Y (TTM)-39.89%

EPS 3Y17.66%

EPS 5Y

EPS growth Q2Q

EPS Next Y-19.45%

EPS Next 2Y

EPS Next 3Y

EPS Next 5Y

Revenue 1Y (TTM)43.4%

Revenue growth 3Y21.82%

Revenue growth 5Y

Revenue growth Q2Q

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Revenue Next 3Y

Revenue Next 5Y

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EBIT growth 3Y

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