FUKUOKA REIT CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 157,700 JPY | -0.13% |
|
+0.06% | -7.94% |
| Jun. 13 | Fukuoka REIT Secures DBJ Green Building Certification for Two Properties in Fukuoka City | MT |
| Jun. 05 | Fukuoka REIT Sponsor Plans to Acquire Up to 3 Billion Yen of Investment Units | MT |
Valuation
| Fiscal Period: February | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 133,648 | 134,126 | 124,813 | 131,022 | 131,897 | 125,529 | - | - |
| Enterprise Value (EV) 1 | 133,648 | 134,126 | 124,813 | 131,022 | 220,736 | 213,549 | 213,749 | 213,889 |
| P/E ratio | 22.9 x | - | - | - | 21.9 x | 21.8 x | 21.7 x | 21.6 x |
| Yield | 4.37% | - | - | - | 4.56% | 4.6% | 4.6% | 4.62% |
| Capitalization / Revenue | 7.27 x | - | - | - | 7.09 x | 6.76 x | 6.74 x | 6.71 x |
| EV / Revenue | 7.27 x | - | - | - | 11.9 x | 11.5 x | 11.5 x | 11.4 x |
| EV / EBITDA | - | - | - | - | 22.1 x | 21.7 x | 21.7 x | 21.8 x |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 1.31 x | 1.32 x | 1.23 x | 1.29 x | 1.29 x | 1.23 x | 1.23 x | 1.23 x |
| Nbr of stocks (in thousands) | 796 | 796 | 796 | 796 | 796 | 796 | - | - |
| Reference price 2 | 167,900 | 168,500 | 156,800 | 164,600 | 165,700 | 157,700 | 157,700 | 157,700 |
| Announcement Date | 4/13/20 | 5/31/21 | 4/14/22 | 5/31/23 | 4/16/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: February | 2020 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| Net sales 1 | 18,394 | 18,610 | 18,562 | 18,618 | 18,718 |
| EBITDA 1 | - | 9,975 | 9,840 | 9,830 | 9,830 |
| EBIT 1 | 6,591 | 6,834 | 6,641 | 6,693 | 6,756 |
| Operating Margin | 35.83% | 36.72% | 35.78% | 35.95% | 36.09% |
| Earnings before Tax (EBT) 1 | 5,840 | 6,019 | 5,813 | 5,888 | 5,970 |
| Net income 1 | 5,838 | 6,017 | 5,770 | 5,773 | 5,799 |
| Net margin | 31.74% | 32.33% | 31.08% | 31.01% | 30.98% |
| EPS 2 | 7,334 | 7,558 | 7,249 | 7,252 | 7,285 |
| Free Cash Flow | - | - | - | - | - |
| FCF margin | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - |
| Dividend per Share 2 | 7,335 | 7,560 | 7,250 | 7,252 | 7,284 |
| Announcement Date | 4/13/20 | 4/16/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: February | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 | 2026 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 9,232 | 9,162 | 8,518 | 8,904 | - | 8,867 | 8,659 | 8,831 | 9,037 | 9,284 | 9,326 | 9,326 | 9,266 | 9,316 | 9,332 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | 4,974 | 4,972 | - | - |
| EBIT | 3,318 | 3,273 | 2,967 | 3,062 | - | 3,205 | 3,186 | 3,182 | 3,224 | 3,372 | 3,462 | 3,333 | 3,328 | 3,340 | 3,366 |
| Operating Margin | 35.95% | 35.72% | 34.83% | 34.39% | - | 36.14% | 36.79% | 36.03% | 35.67% | 36.32% | 37.12% | 35.74% | 35.91% | 35.85% | 36.07% |
| Earnings before Tax (EBT) | 2,940 | 2,900 | 2,588 | 2,677 | - | 2,818 | 2,816 | 2,805 | 2,851 | 2,988 | 3,031 | 2,903 | 2,896 | 2,900 | 2,922 |
| Net income | 2,939 | 2,899 | 2,587 | 2,676 | - | 2,817 | 2,815 | 2,804 | 2,850 | 2,987 | 3,030 | 2,895 | 2,892 | 2,900 | 2,921 |
| Net margin | 31.84% | 31.64% | 30.37% | 30.05% | - | 31.77% | 32.51% | 31.76% | 31.53% | 32.17% | 32.49% | 31.04% | 31.21% | 31.13% | 31.3% |
| EPS | 3,692 | 3,642 | 3,249 | 3,361 | - | 3,539 | 3,536 | 3,523 | 3,580 | 3,752 | 3,806 | 3,636 | 3,632 | 3,642 | 3,670 |
| Dividend per Share 1 | 3,693 | 3,642 | 3,250 | 3,361 | 3,539 | 3,539 | 3,536 | 3,523 | 3,580 | 3,753 | 3,807 | 3,636 | 3,632 | 3,642 | 3,670 |
| Announcement Date | 10/16/19 | 4/13/20 | 10/16/20 | 5/31/21 | 10/15/21 | 10/15/21 | 4/14/22 | 10/19/22 | 5/31/23 | 10/18/23 | 4/16/24 | - | - | - | - |
1JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: February | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 88,839 | 88,020 | 88,220 | 88,360 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | 8.906 x | 8.945 x | 8.975 x | 8.989 x |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | - | - | - | - | 5.91% | 5.66% | 5.56% | 5.53% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 127,937 | 127,656 | 127,831 | 127,875 | 128,102 | 127,923 | 127,827 | 127,827 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | - | - | - | - | - | 2,418 | 4,075 | 1,516 |
| Capex / Sales | - | - | - | - | - | 13.03% | 21.89% | 8.1% |
| Announcement Date | 4/13/20 | 5/31/21 | 4/14/22 | 5/31/23 | 4/16/24 | - | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.94% | 781M | |
| -7.54% | 46.23B | |
| -7.86% | 20.43B | |
| +2.96% | 15.79B | |
| +13.69% | 11.48B | |
| -2.91% | 9.98B | |
| -2.18% | 8.36B | |
| -15.84% | 8.31B | |
| +4.70% | 7.99B | |
| -4.81% | 5.55B |
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