PROLOGIS INC (PLD) Fundamental Analysis & Valuation

NYSE:PLD • US74340W1036

Current stock price

132.18 USD
+3.4 (+2.64%)
At close:
132.18 USD
0 (0%)
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

  • 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.
  • Each year in the past 5 years PLD had a positive operating cash flow.
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

  • With a decent Return On Assets value of 3.37%, PLD is doing good in the industry, outperforming 77.05% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 6.25%, PLD is in the better half of the industry, outperforming 72.95% of the companies in the same industry.
  • PLD's Return On Invested Capital of 2.91% is in line compared to the rest of the industry. PLD outperforms 54.92% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for PLD is in line with the industry average of 3.11%.
  • The 3 year average ROIC (2.76%) for PLD is below the current ROIC(2.91%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.37%
ROE 6.25%
ROIC 2.91%
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

  • The Profit Margin of PLD (37.80%) is better than 90.98% of its industry peers.
  • PLD's Profit Margin has improved in the last couple of years.
  • PLD has a Operating Margin of 38.84%. This is amongst the best in the industry. PLD outperforms 84.43% of its industry peers.
  • In the last couple of years the Operating Margin of PLD has grown nicely.
  • With a decent Gross Margin value of 74.58%, PLD is doing good in the industry, outperforming 68.85% 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 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

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2

2. PLD Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PLD is destroying value.
  • PLD has more shares outstanding than it did 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

  • The Debt to FCF ratio of PLD is 352.87, which is on the high side as it means it would take PLD, 352.87 years of fcf income to pay off all of its debts.
  • PLD's Debt to FCF ratio of 352.87 is fine compared to the rest of the industry. PLD outperforms 60.66% of its industry peers.
  • A Debt/Equity ratio of 0.66 indicates that PLD is somewhat dependend on debt financing.
  • PLD has a Debt to Equity ratio of 0.66. This is amongst the best in the industry. PLD outperforms 83.61% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 352.87
Altman-Z N/A
ROIC/WACC0.39
WACC7.52%
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

  • PLD has a Current Ratio of 0.19. 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 Current ratio of 0.19. This is amonst the worse of the industry: PLD underperforms 90.98% of its industry peers.
  • A Quick Ratio of 0.19 indicates that PLD may have some problems paying its short term obligations.
  • The Quick ratio of PLD (0.19) is worse than 90.16% of its industry peers.
Industry RankSector Rank
Current Ratio 0.19
Quick Ratio 0.19
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

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4

3. PLD Growth Analysis

3.1 Past

  • PLD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -11.25%.
  • PLD shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.94% yearly.
  • The Revenue has been growing slightly by 7.18% in the past year.
  • The Revenue has been growing by 14.64% on average over the past years. This is quite good.
EPS 1Y (TTM)-11.25%
EPS 3Y-6.55%
EPS 5Y11.94%
EPS Q2Q%8.76%
Revenue 1Y (TTM)7.18%
Revenue growth 3Y13.74%
Revenue growth 5Y14.64%
Sales Q2Q%7.98%

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.
  • Based on estimates for the next years, PLD will show a small growth in Revenue. The Revenue will grow by 6.92% on average per year.
EPS Next Y-2.8%
EPS Next 2Y-0.43%
EPS Next 3Y2.36%
EPS Next 5Y4.28%
Revenue Next Year9.23%
Revenue Next 2Y7.54%
Revenue Next 3Y7.95%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

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2

4. PLD Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 37.23, the valuation of PLD can be described as expensive.
  • Based on the Price/Earnings ratio, PLD is valued a bit cheaper than the industry average as 61.48% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 25.35. PLD is valued slightly more expensive when compared to this.
  • Based on the Price/Forward Earnings ratio of 38.31, the valuation of PLD can be described as expensive.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of PLD indicates a somewhat cheap valuation: PLD is cheaper than 67.21% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of PLD to the average of the S&P500 Index (22.61), we can say PLD is valued expensively.
Industry RankSector Rank
PE 37.23
Fwd PE 38.31
PLD Price Earnings VS Forward Price EarningsPLD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • PLD's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. PLD is more expensive than 88.52% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of PLD is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 1237.46
EV/EBITDA 25.43
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)3.12
EPS Next 2Y-0.43%
EPS Next 3Y2.36%

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5

5. PLD Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.30%, PLD has a reasonable but not impressive dividend return.
  • PLD's Dividend Yield is slightly below the industry average, which is at 7.54.
  • Compared to an average S&P500 Dividend Yield of 1.89, PLD pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.3%

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 Years11
Div Non Decr Years15
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

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PLD Fundamentals: All Metrics, Ratios and Statistics

PROLOGIS INC

NYSE:PLD (3/31/2026, 8:04:00 PM)

After market: 132.18 0 (0%)

132.18

+3.4 (+2.64%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)01-21
Earnings (Next)04-16
Inst Owners96.5%
Inst Owner Change0.04%
Ins Owners0.24%
Ins Owner Change16.93%
Market Cap122.87B
Revenue(TTM)8.79B
Net Income(TTM)3.32B
Analysts77.24
Price Target145.11 (9.78%)
Short Float %1.34%
Short Ratio3.44
Dividend
Industry RankSector Rank
Dividend Yield 3.3%
Yearly Dividend4.17
Dividend Growth(5Y)10.68%
DP116.53%
Div Incr Years11
Div Non Decr Years15
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)7.73%
EPS NQ rev (1m)0%
EPS NQ rev (3m)18.02%
EPS NY rev (1m)1.15%
EPS NY rev (3m)14.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.49%
Revenue NY rev (1m)-0.69%
Revenue NY rev (3m)0.97%
Valuation
Industry RankSector Rank
PE 37.23
Fwd PE 38.31
P/S 13.98
P/FCF 1237.46
P/OCF 24.53
P/B 2.31
P/tB 2.31
EV/EBITDA 25.43
EPS(TTM)3.55
EY2.69%
EPS(NY)3.45
Fwd EY2.61%
FCF(TTM)0.11
FCFY0.08%
OCF(TTM)5.39
OCFY4.08%
SpS9.46
BVpS57.22
TBVpS57.22
PEG (NY)N/A
PEG (5Y)3.12
Graham Number67.61
Profitability
Industry RankSector Rank
ROA 3.37%
ROE 6.25%
ROCE 3.68%
ROIC 2.91%
ROICexc 2.94%
ROICexgc 3.15%
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 0.66
Debt/FCF 352.87
Debt/EBITDA 5.8
Cap/Depr 186.94%
Cap/Sales 55.85%
Interest Coverage 4.05
Cash Conversion 82.92%
Profit Quality 2.99%
Current Ratio 0.19
Quick Ratio 0.19
Altman-Z N/A
F-Score4
WACC7.52%
ROIC/WACC0.39
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)-11.25%
EPS 3Y-6.55%
EPS 5Y11.94%
EPS Q2Q%8.76%
EPS Next Y-2.8%
EPS Next 2Y-0.43%
EPS Next 3Y2.36%
EPS Next 5Y4.28%
Revenue 1Y (TTM)7.18%
Revenue growth 3Y13.74%
Revenue growth 5Y14.64%
Sales Q2Q%7.98%
Revenue Next Year9.23%
Revenue Next 2Y7.54%
Revenue Next 3Y7.95%
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 4 / 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 2 / 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%.