Prologis, Inc.

BMV:PLD * Stock Report

Market Cap: Mex$2.3t

Prologis Valuation

Is PLD * undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PLD * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PLD * (MX$2442) is trading below our estimate of fair value (MX$2690.2)

Significantly Below Fair Value: PLD * is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PLD *?

Key metric: As PLD * is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PLD *. This is calculated by dividing PLD *'s market cap by their current earnings.
What is PLD *'s PE Ratio?
PE Ratio35.4x
EarningsUS$3.08b
Market CapUS$110.96b

Price to Earnings Ratio vs Peers

How does PLD *'s PE Ratio compare to its peers?

The above table shows the PE ratio for PLD * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.3x
FIBRAPL 14 FIBRA Prologis
4.4x-63.6%Mex$93.5b
TERRA 13 FIBRA Terrafina
7.7x-11.2%Mex$27.4b
FIBRAMQ 12 FIBRA Macquarie México
2.4x-52.3%Mex$25.8b
FSITES 20 Fideicomiso Opsimex
62.7xn/aMex$88.1b
PLD * Prologis
35.4x4.1%Mex$111.0b

Price-To-Earnings vs Peers: PLD * is expensive based on its Price-To-Earnings Ratio (35.4x) compared to the peer average (4.8x).

Price to Earnings Ratio vs Industry

How does PLD *'s PE Ratio compare vs other companies in the Global Industrial REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies11PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PLD * is expensive based on its Price-To-Earnings Ratio (35.4x) compared to the Global Industrial REITs industry average (19.5x).

Price to Earnings Ratio vs Fair Ratio

What is PLD *'s PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PLD * PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio35.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PLD *'s Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PLD * forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentMex$2,442.00
Mex$2,724.59
+11.6%
7.6%Mex$3,175.08Mex$2,453.47n/a20
Nov ’25Mex$2,297.00
Mex$2,673.45
+16.4%
6.8%Mex$3,075.92Mex$2,396.82n/a20
Oct ’25Mex$2,385.95
Mex$2,649.13
+11.0%
6.9%Mex$3,021.97Mex$2,354.78n/a21
Sep ’25Mex$2,485.45
Mex$2,647.59
+6.5%
7.1%Mex$3,024.48Mex$2,356.74n/a21
Aug ’25Mex$2,340.61
Mex$2,541.73
+8.6%
8.6%Mex$2,925.19Mex$2,193.89n/a20
Jul ’25Mex$2,024.70
Mex$2,392.11
+18.1%
8.6%Mex$2,817.21Mex$2,048.88n/a21
Jun ’25Mex$1,811.50
Mex$2,221.70
+22.6%
8.4%Mex$2,612.72Mex$1,900.16n/a21
May ’25Mex$1,797.60
Mex$2,290.91
+27.4%
8.7%Mex$2,637.53Mex$1,918.20n/a21
Apr ’25Mex$2,132.00
Mex$2,400.48
+12.6%
5.3%Mex$2,715.42Mex$2,132.35n/a21
Mar ’25Mex$2,273.00
Mex$2,461.67
+8.3%
5.9%Mex$2,778.58Mex$2,130.81n/a22
Feb ’25Mex$2,216.00
Mex$2,455.48
+10.8%
6.6%Mex$2,804.25Mex$2,150.50n/a22
Jan ’25Mex$2,288.80
Mex$2,327.01
+1.7%
8.3%Mex$2,664.95Mex$2,019.93n/a22
Dec ’24Mex$1,951.01
Mex$2,291.60
+17.5%
7.3%Mex$2,646.20Mex$2,044.79n/a22
Nov ’24Mex$1,753.30
Mex$2,437.04
+39.0%
7.7%Mex$2,797.93Mex$2,162.04Mex$2,297.0022
Oct ’24Mex$1,956.00
Mex$2,477.06
+26.6%
9.5%Mex$3,305.34Mex$2,123.64Mex$2,385.9522
Sep ’24Mex$2,135.40
Mex$2,421.96
+13.4%
6.4%Mex$2,763.96Mex$2,115.63Mex$2,485.4522
Aug ’24Mex$2,065.00
Mex$2,364.21
+14.5%
6.4%Mex$2,702.39Mex$2,068.49Mex$2,340.6122
Jul ’24Mex$2,065.98
Mex$2,423.19
+17.3%
7.1%Mex$2,910.32Mex$2,122.82Mex$2,024.7022
Jun ’24n/a
Mex$2,550.21
0%
9.9%Mex$3,413.86Mex$2,193.36Mex$1,811.5023
May ’24Mex$2,207.53
Mex$2,581.61
+16.9%
9.8%Mex$3,470.12Mex$2,229.51Mex$1,797.6024
Apr ’24Mex$2,150.00
Mex$2,559.84
+19.1%
9.6%Mex$3,493.13Mex$2,244.29Mex$2,132.0023
Mar ’24n/a
Mex$2,678.08
0%
10.1%Mex$3,661.02Mex$2,352.16Mex$2,273.0022
Feb ’24Mex$2,420.03
Mex$2,655.86
+9.7%
10.3%Mex$3,634.09Mex$2,334.86Mex$2,216.0021
Jan ’24Mex$2,197.92
Mex$2,719.79
+23.7%
12.2%Mex$3,820.90Mex$2,316.30Mex$2,288.8021
Dec ’23Mex$2,243.96
Mex$2,628.79
+17.1%
12.8%Mex$3,747.62Mex$2,271.87Mex$1,951.0121
Nov ’23Mex$2,168.83
Mex$2,662.19
+22.7%
13.3%Mex$3,805.94Mex$2,307.23Mex$1,753.3021

Analyst Forecast: Target price is less than 20% higher than the current share price.

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