Présentation de l'entreprise
Logistic Properties of the Americas (LPA) is a real estate enterprise focused on the development, ownership, management, and operation of industrial and logistics properties across Costa Rica, Colombia, Peru, and Mexico. Operating within the broader Real Estate sector and specifically the Real Estate - Development industry, the company functions as a third-party logistics provider, retailer, and consumer goods distributor, serving clients with specialized warehousing and distribution solutions. The company currently maintains a market capitalization of $105.29M and employs a workforce of 36 individuals to execute its operational strategy. With an annual revenue of $50.13M, the entity operates as a mid-sized player within the specialized logistics real estate niche, where the market cap reflects a valuation significantly smaller than large-scale diversified real estate investment trusts or development firms. This scale indicates that LPA functions as a focused regional operator rather than a global conglomerate, relying on concentrated geographic exposure to drive its specific revenue stream within the industrial real estate landscape.
Santé financière
The company reported a trailing twelve-month revenue of $50.13M, generating a net income of $10.50M and an EBITDA of $26.20M during the reporting period. The substantial gap between the $50.13M revenue and the $10.50M net income highlights a robust cost structure where operating expenses, including cost of goods sold and overhead, consume approximately 79.1% of total revenue before reaching the bottom line. Free cash flow stands at $13.37M, which demonstrates significant financial flexibility for the company to fund capital expenditures or manage liquidity without relying heavily on external financing. The gross margin is reported at 83.7%, indicating high revenue retention after direct costs, while the operating margin of 54.2% suggests efficient management of overhead and administrative expenses. The profit margin of 20.9% further confirms that a meaningful portion of revenue translates to net earnings after all costs and taxes are accounted for. On the liability side, the company holds $27.32M in cash against $308.62M in debt, resulting in a debt-to-equity ratio of 95.09%, which characterizes a highly leveraged balance sheet typical of asset-heavy real estate development models. Despite the high leverage, the current ratio of 1.24 indicates that the company possesses sufficient short-term assets to cover its short-term liabilities, maintaining a conservative stance on immediate liquidity needs. Return on Equity is calculated at 5.4% and Return on Assets at 2.4%, metrics that reveal the efficiency of management in generating returns relative to shareholder equity and total asset base, respectively, within the constraints of high debt utilization.
Évaluation de la valorisation
The trailing twelve-month P/E ratio is 10.09, while the forward P/E is listed as N/A, implying that the market is currently unable to project a specific future earnings trajectory or that analysts have not issued a consensus forecast for upcoming periods. The price-to-book ratio stands at 0.41, indicating that the market values the company at less than half of its tangible book value, suggesting no premium over the net asset value of its underlying real estate holdings. Additionally, the price-to-sales ratio is 2.10 and the EV/EBITDA multiple is 17.35, which suggests that investors are pricing the company based on cash flow generation and sales volume rather than solely on historical earnings or book value. The 52-week price range spans from a low of $2.04 to a high of $9.41, providing a volatility context for the stock's recent trading activity relative to its historical extremes. The beta value of 5.85 indicates extreme price volatility, meaning the stock is expected to move more than five times as much as the broader market index in either direction during periods of market turbulence.
Growth & Income
Revenue growth year-over-year is recorded at 23.3%, while earnings growth year-over-year is significantly higher at 92.9%, implying that the company's profitability is expanding at a much faster rate than its top line, likely due to leverage effects or margin expansion. As the dividend yield is N/A and the payout ratio is 0.0%, the company does not distribute cash to shareholders, indicating that it reinvests its earnings into growth initiatives such as property acquisition, development, or debt repayment rather than paying dividends. This retention of earnings supports the company's growth strategy in a capital-intensive industry where continuous investment in logistics infrastructure is required to maintain competitive positioning. Overall, the growth and income profile is characterized by strong earnings acceleration and zero dividend distribution, prioritizing capital retention and expansion over immediate income generation for investors.