Logista Integral, S.A. (LOG.MC) 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

+49.1%

€54.58

vs €36.62 price

Levered DCF

€215.42

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.03

Grey zone

Rating

A-

Overall 4 / 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	13.57×	11.56×	11.69×	11.66×	12.47×	11.77×	14.42×	18.86×
P/B	5.94×	5.57×	5.4×	4.38×	4.59×	3.75×	4.56×	5.78×
P/S	0.28×	0.27×	0.26×	0.21×	0.22×	0.19×	0.23×	0.31×
EV / EBITDA	8.16×	7.64×	7.31×	6.37×	6.68×	6.15×	7.77×	10.15×
Gross margin	6.7%	6.9%	6.8%	6.0%	6.2%	6.0%	8.1%	6.6%
Operating margin	2.4%	2.5%	2.4%	2.3%	2.2%	2.0%	2.0%	2.0%
Net margin	2.1%	2.4%	2.2%	1.7%	1.6%	1.5%	1.6%	1.7%
Current ratio	0.91×	0.9×	0.89×	0.9×	0.89×	0.88×	0.87×	0.86×
Debt / equity	0.43×	0.48×	0.48×	0.24×	0.33×	0.44×	0.06×	0.06×
Interest coverage	33.57×	33.03×	38.22×	118.04×	156.97×	43.99×	111.96×	168.41×
Dividend yield	7.2%	7.1%	6.0%	6.8%	6.6%	8.2%	6.4%	4.9%
Payout ratio	98.2%	82.2%	69.8%	83.6%	91.0%	100.9%	91.6%	92.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	43.8%	48.1%	46.1%	35.4%	33.2%	30.6%	31.7%	30.7%
Return on invested capital	21.0%	20.4%	19.0%	20.2%	17.6%	15.0%	18.1%	16.5%
Return on assets	3.4%	3.8%	3.4%	2.6%	2.3%	2.0%	2.3%	2.3%
Free cash flow yield	14.6%	9.8%	8.3%	24.7%	-14.2%	41.0%	12.4%	9.9%
Earnings yield	7.4%	8.6%	8.5%	8.1%	7.2%	8.1%	7.0%	5.3%
Enterprise value	€3.9B	€3.7B	€3.3B	€2.4B	€2.4B	€2B	€2.2B	€2.8B
Net debt / EBITDA	0.21×	0.28×	0.21×	-0.22×	-0×	0.2×	-0.46×	-0.45×
Cash conversion cycle (days)	130	132	136	146	160	174	153	162