EastGroup Properties, Inc. (EGP) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+2.3%

$205.18

vs $200.53 price

Levered DCF

$184.33

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.09

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	36.5×	34.37×	41.43×	33.88×	58.27×	49.84×	57.19×	36.69×
P/B	2.71×	2.38×	3.18×	3.23×	5.84×	4.26×	4.14×	3.6×
P/S	13.15×	12.27×	14.65×	12.95×	22.4×	14.9×	15.02×	10.87×
EV / EBITDA	22.69×	21.13×	25.2×	24.36×	38.29×	27.53×	27.93×	21.9×
Gross margin	43.3%	72.7%	72.8%	72.5%	71.9%	71.5%	71.8%	71.1%
Operating margin	39.9%	69.4%	69.7%	69.0%	67.9%	67.4%	66.7%	66.5%
Net margin	35.7%	35.7%	35.4%	38.2%	38.5%	29.9%	36.8%	29.6%
Current ratio	0.85×	0.74×	0.8×	0.25×	0.27×	0.35×	0.3×	0.17×
Debt / equity	0.5×	0.47×	0.65×	0.96×	0.94×	1.04×	1×	1.22×
Interest coverage	8.95×	12.29×	8.77×	8.73×	8.44×	7.21×	6.4×	5.67×
Dividend yield	3.2%	3.2%	2.7%	3.1%	1.4%	2.2%	2.2%	2.2%
Payout ratio	117.5%	111.0%	112.5%	104.2%	83.6%	110.5%	89.4%	80.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.4%	6.9%	7.7%	9.5%	10.0%	8.5%	10.1%	9.8%
Return on invested capital	5.3%	9.0%	9.1%	8.7%	9.0%	9.3%	9.0%	9.8%
Return on assets	4.7%	4.5%	4.4%	4.6%	4.9%	4.0%	4.8%	4.2%
Free cash flow yield	4.3%	4.6%	3.5%	4.4%	2.4%	3.0%	3.2%	3.9%
Earnings yield	2.7%	2.9%	2.4%	3.0%	1.7%	2.0%	2.4%	2.7%
Enterprise value	$11.2B	$9.4B	$10B	$8.2B	$10.6B	$6.7B	$6.2B	$4.4B
Net debt / EBITDA	3.53×	3.45×	4.19×	5.6×	5.3×	5.41×	5.42×	5.56×
Cash conversion cycle (days)	-92	33	18	25	44	43	51	51