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PLD

Prologis NYSE:PLD Stock Report

Last Price

US$120.03

Market Cap

US$90.4b

7D

0.4%

1Y

2.1%

Updated

25 May, 2022

Data

Company Financials +
PLD fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health3/6
Dividends5/6

PLD Stock Overview

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets.

Prologis Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Prologis
Historical stock prices
Current Share PriceUS$120.03
52 Week HighUS$174.54
52 Week LowUS$116.37
Beta0.84
1 Month Change-28.44%
3 Month Change-16.26%
1 Year Change2.14%
3 Year Change64.09%
5 Year Change116.12%
Change since IPO253.03%

Recent News & Updates

May 25
Here's Why I Think Prologis (NYSE:PLD) Might Deserve Your Attention Today

Here's Why I Think Prologis (NYSE:PLD) Might Deserve Your Attention Today

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

PLDUS REITsUS Market
7D0.4%3.0%1.0%
1Y2.1%-0.9%-15.1%

Return vs Industry: PLD exceeded the US REITs industry which returned -1.3% over the past year.

Return vs Market: PLD exceeded the US Market which returned -13.2% over the past year.

Price Volatility

Is PLD's price volatile compared to industry and market?
PLD volatility
PLD Average Weekly Movement5.2%
REITs Industry Average Movement4.4%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: PLD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PLD's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19912,053Hamid Moghadamhttps://www.prologis.com

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 984 million square feet (91 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.

Prologis Fundamentals Summary

How do Prologis's earnings and revenue compare to its market cap?
PLD fundamental statistics
Market CapUS$90.45b
Earnings (TTM)US$3.72b
Revenue (TTM)US$5.24b

23.9x

P/E Ratio

16.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PLD income statement (TTM)
RevenueUS$5.24b
Cost of RevenueUS$1.25b
Gross ProfitUS$4.00b
Other ExpensesUS$278.77m
EarningsUS$3.72b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)5.02
Gross Margin76.19%
Net Profit Margin70.88%
Debt/Equity Ratio47.8%

How did PLD perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

48%

Payout Ratio

Does PLD pay a reliable dividends?

See PLD dividend history and benchmarks
When do you need to buy PLD by to receive an upcoming dividend?
Prologis dividend dates
Ex Dividend DateJun 15 2022
Dividend Pay DateJun 30 2022
Days until Ex dividend20 days
Days until Dividend pay date35 days

Does PLD pay a reliable dividends?

See PLD dividend history and benchmarks

Valuation

Is Prologis undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


25.9%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: PLD ($120.03) is trading below our estimate of fair value ($161.89)

Significantly Below Fair Value: PLD is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PLD is good value based on its Price-To-Earnings Ratio (23.9x) compared to the US REITs industry average (32.3x).

PE vs Market: PLD is poor value based on its Price-To-Earnings Ratio (23.9x) compared to the US market (14.9x).


Price to Earnings Growth Ratio

PEG Ratio: PLD is poor value based on its PEG Ratio (13.5x)


Price to Book Ratio

PB vs Industry: PLD is overvalued based on its Price-To-Book Ratio (2.6x) compared to the US REITs industry average (1.6x).


Future Growth

How is Prologis forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


1.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PLD's forecast earnings growth (1.8% per year) is below the savings rate (1.9%).

Earnings vs Market: PLD's earnings (1.8% per year) are forecast to grow slower than the US market (12.1% per year).

High Growth Earnings: PLD's earnings are forecast to grow, but not significantly.

Revenue vs Market: PLD's revenue (9% per year) is forecast to grow faster than the US market (7.7% per year).

High Growth Revenue: PLD's revenue (9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PLD's Return on Equity is forecast to be low in 3 years time (6.8%).


Past Performance

How has Prologis performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PLD has a large one-off gain of $2.2B impacting its March 31 2022 financial results.

Growing Profit Margin: PLD's current net profit margins (70.9%) are higher than last year (27.6%).


Past Earnings Growth Analysis

Earnings Trend: PLD's earnings have grown by 11.2% per year over the past 5 years.

Accelerating Growth: PLD's earnings growth over the past year (175.4%) exceeds its 5-year average (11.2% per year).

Earnings vs Industry: PLD earnings growth over the past year (175.4%) exceeded the REITs industry 69.5%.


Return on Equity

High ROE: PLD's Return on Equity (10.3%) is considered low.


Financial Health

How is Prologis's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PLD's short term assets ($2.4B) exceed its short term liabilities ($1.2B).

Long Term Liabilities: PLD's short term assets ($2.4B) do not cover its long term liabilities ($20.1B).


Debt to Equity History and Analysis

Debt Level: PLD's net debt to equity ratio (42.8%) is considered high.

Reducing Debt: PLD's debt to equity ratio has reduced from 62.1% to 47.8% over the past 5 years.

Debt Coverage: PLD's debt is not well covered by operating cash flow (16.4%).

Interest Coverage: PLD's interest payments on its debt are well covered by EBIT (8x coverage).


Balance Sheet


Dividend

What is Prologis's current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.63%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 26 2022Ex Dividend DateJun 15 2022Dividend Pay DateJun 30 202215 days from Ex DividendBuy in the next 20 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: PLD's dividend (2.63%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: PLD's dividend (2.63%) is low compared to the top 25% of dividend payers in the US market (4.06%).


Stability and Growth of Payments

Stable Dividend: PLD's dividends per share have been stable in the past 10 years.

Growing Dividend: PLD's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (47.8%), PLD's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (78.8%), PLD's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.6yrs

Average management tenure


CEO

Hamid Moghadam (64 yo)

9.42yrs

Tenure

US$24,901,490

Compensation

Mr. Hamid R. Moghadam has been Chief Executive Officer at Prologis, Inc. since December 31, 2012 and is Co-Founder. Mr. Moghadam served as the Co-Chief Executive Officer from June 2011 to December 31, 2012...


CEO Compensation Analysis

Compensation vs Market: Hamid's total compensation ($USD24.90M) is above average for companies of similar size in the US market ($USD13.26M).

Compensation vs Earnings: Hamid's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PLD's management team is seasoned and experienced (6.6 years average tenure).


Board Members

Experienced Board: PLD's board of directors are seasoned and experienced ( 10.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PLD insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Prologis, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Prologis, Inc.
  • Ticker: PLD
  • Exchange: NYSE
  • Founded: 1991
  • Industry: Industrial REITs
  • Sector: Real Estate
  • Implied Market Cap: US$90.445b
  • Market Cap: US$88.854b
  • Shares outstanding: 753.52m
  • Website: https://www.prologis.com

Number of Employees


Location

  • Prologis, Inc.
  • Pier 1
  • Bay 1
  • San Francisco
  • California
  • 94111
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/25 00:00
End of Day Share Price2022/05/25 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.