Company Overview
Logistic Properties of the Americas is a real estate entity based in Miami, Florida, dedicated to the development, ownership, management, and operation of industrial and logistics properties across Costa Rica, Colombia, Peru, and Mexico. Operating within the Real Estate sector and the Real Estate - Development industry, the company provides essential infrastructure to third-party logistics providers, retailers, and consumer goods distribution firms. The firm maintains a market capitalization of $109.40M and reports annual revenue of $50.13M, supported by a workforce of 36 employees. These valuation and revenue figures indicate that the company functions as a specialized mid-cap player with a relatively lean operational structure, focusing on specific geographic markets rather than broad diversification.
Financial Health
The company reported a trailing twelve-month revenue of $50.13M and generated a net income of $10.50M, while achieving an EBITDA of $26.20M. The significant gap between the $50.13M revenue and the $10.50M net income highlights a substantial cost structure, where operating expenses and depreciation consume approximately 79.1% of gross revenue before reaching the bottom line. Despite the high expense ratio, the firm generated a free cash flow of $13.37M, which provides a degree of financial flexibility for capital expenditures or debt servicing despite the heavy asset nature of the business. Profitability is reflected in a gross margin of 83.7%, an operating margin of 54.2%, and a profit margin of 20.9%, indicating that the company retains a strong portion of its top-line revenue after covering the direct costs of services and overhead. The balance sheet shows a cash position of $27.32M against total debt of $308.62M, resulting in a debt-to-equity ratio of 95.09, which characterizes a highly leveraged balance sheet typical for real estate development firms. Liquidity management is further assessed by a current ratio of 1.24, suggesting the company has sufficient short-term assets to cover its current liabilities, though with limited margin of safety. Return on Equity stands at 5.4% and Return on Assets is 2.4%, metrics that reveal the efficiency of management in generating profits relative to the capital invested and the total asset base.
Valuation Assessment
The stock carries a trailing P/E ratio of 10.48, while the forward P/E is listed as N/A, implying that analysts do not currently have a projected earnings trajectory to calculate a forward multiple. The price-to-book ratio is 0.43, indicating that the market values the company at less than half of its book value, suggesting a deep discount or specific concerns regarding the quality of assets relative to their carrying value. Alternative valuation metrics include a price-to-sales ratio of 2.18 and an EV/EBITDA of 17.50, which suggest the company is valued at a premium relative to its sales but at a moderate multiple relative to its earnings before interest, taxes, depreciation, and amortization. The stock has traded between a 52-week low of $2.04 and a 52-week high of $9.71, meaning the current price sits significantly below the recent peak and above the recent trough. With a beta of 6.07, the security exhibits extreme price volatility, moving six times more than the broader market, which introduces significant risk for price fluctuations unrelated to fundamental business changes.
Growth & Income
Revenue growth year-over-year is recorded at 23.3%, while earnings growth year-over-year is 92.9%, demonstrating that profitability is expanding at a rate far exceeding top-line sales expansion. This divergence implies that the company is improving its operational efficiency or benefiting from margin expansion as revenue scales. The company does not pay dividends, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, meaning the firm reinvests all earnings back into growth initiatives rather than distributing cash to shareholders. Consequently, the overall growth and income profile is characterized by aggressive reinvestment of capital to fuel expansion, with no current reliance on dividend income for investors.