PLD Prologis
Exchange
NYSESector
Consumer ServicesIndustry
Real Estate Investment TrustsMarket Cap.
21.065B
Erratic Net Profit Margins over the past 10 years
PLD has had highly erratic net profit margins which are a great cause for concern.
This company may operate in a highly volatile industry, or it may just have poor performance.
Look at reasons for this inconsistency to understand if there is any reason to look past it.
Figures in USD. Fiscal year ends in December
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Net Income | 216.17M | 220.19M | 232.80M | 396.16M | 874.37M | 1.07B | -406.77M | 23.93M | -1.27B | -157.94M |
| divided by | ||||||||||
| Revenue | 675.00M | 734.11M | 598.14M | 1.87B | 2.46B | 6.20B | 5.65B | 1.22B | 909.16M | 1.53B |
| Net Profit Margin | 32.02% | 29.99% | 38.92% | 21.21% | 35.49% | 17.32% | -7.19% | 1.96% | -139.74% | -10.30% |
Weak Pricing Power over the past 10 years
PLD is likely in a highly competitive industry, due to low barriers to entry. It's because of this, that PLD has been unable to raise prices and increase their profitability.
This puts them in a poor position if inflation becomes an issue, as they would struggle to pass higher costs onto consumers.
Only $- of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
Only $- of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| divided by | ||||||||||
| Revenue | 675.00M | 734.11M | 598.14M | 1.87B | 2.46B | 6.20B | 5.65B | 1.22B | 909.16M | 1.53B |
| Gross Margin | - | - | - | - | - | - | - | - | - | - |
Low Capital Intensity over the past 10 years
PLD has consistently used a small portion of their Net Income buying new equipment or investing in new facilities.
This indicates that PLD may require minimal investment to stay competitive.
This leaves them with extra money to spend on growing their business and potentially buying back stock.
22.79% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
22.79% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in USD. Fiscal year ends in December
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Capital Expenditure | 30.60M | 22.79M | 24.56M | 26.99M | 29.44M | 37.95M | 36.90M | 26.51M | 28.57M | 1.17B |
| divided by | ||||||||||
| Net Income | 216.17M | 220.19M | 232.80M | 396.16M | 874.37M | 1.07B | -406.77M | 23.93M | -1.27B | -157.94M |
| Capital Expenditure Ratio | 14.16% | 10.35% | 10.55% | 6.81% | 3.37% | 3.53% | -9.07% | 110.77% | -2.25% | -740.71% |