PROLOGIS INC (PLD) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:PLD - US74340W1036 - REIT
130.42 USD
-0.14 (-0.11%)
Taking everything into account, PLD scores 4 out of 10 in our fundamental rating. PLD was compared to 128 industry peers in the Diversified REITs industry. While PLD belongs to the best of the industry regarding profitability, there are concerns on its financial health. PLD is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year PLD was profitable.
PLD had a positive operating cash flow in the past year.
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
PLD has a better Return On Assets (3.26%) than 75.00% of its industry peers.
PLD has a better Return On Equity (6.08%) than 71.09% of its industry peers.
PLD has a Return On Invested Capital (2.97%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for PLD is in line with the industry average of 3.05%.
The 3 year average ROIC (2.50%) for PLD is below the current ROIC(2.97%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.26% | ||
| ROE | 6.08% | ||
| ROIC | 2.97% |
ROA(3y)3.67%
ROA(5y)3.73%
ROE(3y)6.32%
ROE(5y)6.47%
ROIC(3y)2.5%
ROIC(5y)2.38%
1.3 Margins
PLD has a Profit Margin of 36.64%. This is amongst the best in the industry. PLD outperforms 90.63% of its industry peers.
In the last couple of years the Profit Margin of PLD has remained more or less at the same level.
The Operating Margin of PLD (39.78%) is better than 85.16% of its industry peers.
In the last couple of years the Operating Margin of PLD has grown nicely.
The Gross Margin of PLD (75.10%) is better than 73.44% of its industry peers.
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 | 39.78% | ||
| PM (TTM) | 36.64% | ||
| GM | 75.1% |
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
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
PLD has a worse debt/assets ratio than last year.
2.2 Solvency
PLD has a debt to FCF ratio of 120.19. This is a negative value and a sign of low solvency as PLD would need 120.19 years to pay back of all of its debts.
The Debt to FCF ratio of PLD (120.19) is better than 62.50% of its industry peers.
A Debt/Equity ratio of 0.67 indicates that PLD is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.67, PLD belongs to the top of the industry, outperforming 84.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | 120.19 | ||
| Altman-Z | N/A |
ROIC/WACC0.4
WACC7.4%
2.3 Liquidity
A Current Ratio of 0.20 indicates that PLD may have some problems paying its short term obligations.
PLD's Current ratio of 0.20 is on the low side compared to the rest of the industry. PLD is outperformed by 91.41% of its industry peers.
A Quick Ratio of 0.20 indicates that PLD may have some problems paying its short term obligations.
The Quick ratio of PLD (0.20) is worse than 90.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.2 | ||
| Quick Ratio | 0.2 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.63% over the past year.
Measured over the past years, PLD shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.30% on average per year.
PLD shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.75%.
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)3.63%
EPS 3Y0.51%
EPS 5Y10.3%
EPS Q2Q%-24.07%
Revenue 1Y (TTM)10.75%
Revenue growth 3Y19.89%
Revenue growth 5Y19.75%
Sales Q2Q%8.28%
3.2 Future
PLD is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.02% yearly.
Based on estimates for the next years, PLD will show a small growth in Revenue. The Revenue will grow by 7.13% on average per year.
EPS Next Y-31.53%
EPS Next 2Y-13.21%
EPS Next 3Y-4.42%
EPS Next 5Y3.02%
Revenue Next Year8.45%
Revenue Next 2Y8.28%
Revenue Next 3Y8.03%
Revenue Next 5Y7.13%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 38.02, which means the current valuation is very expensive for PLD.
PLD's Price/Earnings ratio is in line with the industry average.
PLD is valuated rather expensively when we compare the Price/Earnings ratio to 26.76, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 43.28, which means the current valuation is very expensive for PLD.
PLD's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PLD is cheaper than 63.28% of the companies in the same industry.
PLD's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.96.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.02 | ||
| Fwd PE | 43.28 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PLD is valued more expensive than 89.06% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, PLD is valued a bit cheaper than the industry average as 60.16% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 412.43 | ||
| EV/EBITDA | 25.52 |
4.3 Compensation for Growth
The decent profitability rating of PLD may justify a higher PE ratio.
PLD's earnings are expected to decrease with -4.42% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)3.69
EPS Next 2Y-13.21%
EPS Next 3Y-4.42%
5. Dividend
5.1 Amount
PLD has a Yearly Dividend Yield of 3.15%.
Compared to an average industry Dividend Yield of 6.59, PLD is paying slightly less dividend.
PLD's Dividend Yield is a higher than the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.15% |
5.2 History
On average, the dividend of PLD grows each year by 12.58%, which is quite nice.
PLD has been paying a dividend for at least 10 years, so it has a reliable track record.
PLD has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)12.58%
Div Incr Years11
Div Non Decr Years15
5.3 Sustainability
PLD pays out 116.06% 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.
DP116.06%
EPS Next 2Y-13.21%
EPS Next 3Y-4.42%
NYSE:PLD (12/12/2025, 1:45:09 PM)
130.42
-0.14 (-0.11%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners97.24%
Inst Owner Change-0.25%
Ins Owners0.25%
Ins Owner Change14.41%
Market Cap121.14B
Revenue(TTM)8.74B
Net Income(TTM)3.20B
Analysts79.33
Price Target134.18 (2.88%)
Short Float %1.25%
Short Ratio3.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.15% |
Yearly Dividend3.86
Dividend Growth(5Y)12.58%
DP116.06%
Div Incr Years11
Div Non Decr Years15
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)8.95%
Min EPS beat(2)-4.74%
Max EPS beat(2)22.64%
EPS beat(4)3
Avg EPS beat(4)33.28%
Min EPS beat(4)-4.74%
Max EPS beat(4)111.94%
EPS beat(8)7
Avg EPS beat(8)36.01%
EPS beat(12)10
Avg EPS beat(12)29.95%
EPS beat(16)14
Avg EPS beat(16)46.94%
Revenue beat(2)0
Avg Revenue beat(2)-4.84%
Min Revenue beat(2)-5.94%
Max Revenue beat(2)-3.74%
Revenue beat(4)0
Avg Revenue beat(4)-3.74%
Min Revenue beat(4)-5.94%
Max Revenue beat(4)-1.95%
Revenue beat(8)0
Avg Revenue beat(8)-3.42%
Revenue beat(12)3
Avg Revenue beat(12)-0.22%
Revenue beat(16)7
Avg Revenue beat(16)5.57%
PT rev (1m)1.79%
PT rev (3m)9.73%
EPS NQ rev (1m)1.57%
EPS NQ rev (3m)0.2%
EPS NY rev (1m)1.18%
EPS NY rev (3m)2.33%
Revenue NQ rev (1m)0.65%
Revenue NQ rev (3m)-1.36%
Revenue NY rev (1m)-0.87%
Revenue NY rev (3m)0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.02 | ||
| Fwd PE | 43.28 | ||
| P/S | 13.86 | ||
| P/FCF | 412.43 | ||
| P/OCF | 23.36 | ||
| P/B | 2.3 | ||
| P/tB | 2.3 | ||
| EV/EBITDA | 25.52 |
EPS(TTM)3.43
EY2.63%
EPS(NY)3.01
Fwd EY2.31%
FCF(TTM)0.32
FCFY0.24%
OCF(TTM)5.58
OCFY4.28%
SpS9.41
BVpS56.67
TBVpS56.67
PEG (NY)N/A
PEG (5Y)3.69
Graham Number66.13
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.26% | ||
| ROE | 6.08% | ||
| ROCE | 3.76% | ||
| ROIC | 2.97% | ||
| ROICexc | 3.01% | ||
| ROICexgc | 3.2% | ||
| OM | 39.78% | ||
| PM (TTM) | 36.64% | ||
| GM | 75.1% | ||
| FCFM | 3.36% |
ROA(3y)3.67%
ROA(5y)3.73%
ROE(3y)6.32%
ROE(5y)6.47%
ROIC(3y)2.5%
ROIC(5y)2.38%
ROICexc(3y)2.52%
ROICexc(5y)2.4%
ROICexgc(3y)2.61%
ROICexgc(5y)2.49%
ROCE(3y)3.16%
ROCE(5y)3.01%
ROICexgc growth 3Y5.02%
ROICexgc growth 5Y4.99%
ROICexc growth 3Y4.96%
ROICexc growth 5Y4.9%
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 | 0.67 | ||
| Debt/FCF | 120.19 | ||
| Debt/EBITDA | 5.8 | ||
| Cap/Depr | 187.16% | ||
| Cap/Sales | 55.98% | ||
| Interest Coverage | 4.09 | ||
| Cash Conversion | 85.15% | ||
| Profit Quality | 9.17% | ||
| Current Ratio | 0.2 | ||
| Quick Ratio | 0.2 | ||
| Altman-Z | N/A |
F-Score6
WACC7.4%
ROIC/WACC0.4
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)3.63%
EPS 3Y0.51%
EPS 5Y10.3%
EPS Q2Q%-24.07%
EPS Next Y-31.53%
EPS Next 2Y-13.21%
EPS Next 3Y-4.42%
EPS Next 5Y3.02%
Revenue 1Y (TTM)10.75%
Revenue growth 3Y19.89%
Revenue growth 5Y19.75%
Sales Q2Q%8.28%
Revenue Next Year8.45%
Revenue Next 2Y8.28%
Revenue Next 3Y8.03%
Revenue Next 5Y7.13%
EBIT growth 1Y22.93%
EBIT growth 3Y24.19%
EBIT growth 5Y25.58%
EBIT Next Year80.51%
EBIT Next 3Y27.69%
EBIT Next 5Y20.82%
FCF growth 1Y114.86%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-7%
OCF growth 3Y17.92%
OCF growth 5Y16.76%
PROLOGIS INC / PLD FAQ
What is the fundamental rating for PLD stock?
ChartMill assigns a fundamental rating of 4 / 10 to PLD.
What is the valuation status for PLD stock?
ChartMill assigns a valuation rating of 2 / 10 to PROLOGIS INC (PLD). This can be considered as Overvalued.
Can you provide the profitability details for PROLOGIS INC?
PROLOGIS INC (PLD) has a profitability rating of 7 / 10.
What is the earnings growth outlook for PROLOGIS INC?
The Earnings per Share (EPS) of PROLOGIS INC (PLD) is expected to decline by -31.53% in the next year.
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 116.06%.