Valuation Daiwa Securities Living Investment Corporation

Equities

Delayed Japan Exchange Other stock markets 12:08:58 2024-12-06 am EST			5-day change	1st Jan Change
88,900.00 ^JPY	0.00%		-2.20%	-14.77%

Nov. 20	Daiwa Securities Living Investment Corporation Provides Consolidated Earnings Guidance for the Period from October 1, 2024, to March 31, 2025 and April 1, 2025 to September 30, 2025	CI
Nov. 20	Daiwa Securities Living Investment Corporation Announces New Borrowing for Purpose of Refinancing the Existing Borrowings	CI

Data adjusted to current consolidation scope

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	149,409	231,486	253,783	246,211	253,686	213,973	-	-
Change	-	54.93%	9.63%	-2.98%	3.04%	-15.65%	-	-
Enterprise Value (EV) ¹	149,409	231,486	253,783	246,211	446,098	402,693	394,623	387,273
Change	-	54.93%	9.63%	-2.98%	81.19%	-9.73%	-2%	-1.86%
P/E ratio	22.6x	-	27.6x	25.6x	21.7x	17.4x	18.5x	18.9x
PBR	1.38x	-	1.53x	1.44x	1.36x	1.14x	1.13x	1.13x
PEG	-	-	-	15.05x	1.5x	3.61x	-3.18x	-10.03x
Capitalization / Revenue	8.93x	-	11.5x	10.6x	10x	7.68x	7.91x	7.94x
EV / Revenue	8.93x	-	11.5x	10.6x	17.7x	14.5x	14.6x	14.4x
EV / EBITDA	-	-	32.4x	-	24.7x	20.2x	19.2x	19.2x
EV / EBIT	19.7x	-	24.4x	22.6x	34.8x	28.4x	28.6x	28.4x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	4,068	4,350	4,340	4,380	4,531	4,850	5,000	5,000
Rate of return	4.47%	4.01%	3.77%	4.02%	4.3%	5.46%	5.62%	5.62%
EPS ²	4,037	-	4,175	4,246	4,867	5,102	4,805	4,714
Distribution rate	101%	-	104%	103%	93.1%	95.1%	104%	106%
Net sales ¹	16,723	-	22,075	23,335	25,251	27,844	27,040	26,949
EBITDA ¹	-	-	7,823	-	18,078	19,974	20,580	20,170
EBIT ¹	7,597	-	10,414	10,913	12,835	14,171	13,776	13,649
Net income ¹	6,623	-	9,053	9,481	11,336	12,278	11,566	11,348
Net Debt ¹	-	-	-	-	192,412	188,720	180,650	173,300
Reference price ²	91,100.00	108,600.00	115,100.00	108,900.00	105,400.00	88,900.00	88,900.00	88,900.00
Nbr of stocks (in thousands)	1,640	2,132	2,205	2,261	2,407	2,407	-	-
Announcement Date	5/20/20	5/20/21	6/21/22	5/23/23	5/22/24	-	-	-

¹JPY in Million²JPY

Estimates

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E ratio	EV / Sales	EV / EBITDA	Yield (Y)	Capi. ($)
DAIWA SECURITIES LIVING INVESTMENT CORPORATION	18.1x	14.58x	19.37x	+5.36%	1.43B
AVALONBAY COMMUNITIES, INC.	35.99x	13.81x	22.27x	+2.98%	32.36B
EQUITY RESIDENTIAL	35.98x	12.11x	20.01x	+3.66%	27.99B
INVITATION HOMES INC.	49.67x	11x	19.58x	+3.30%	20.79B
ESSEX PROPERTY TRUST, INC.	35.5x	14.49x	20.86x	+3.24%	19.37B
MID-AMERICA APARTMENT COMMUNITY, INC.	38.98x	10.8x	18.97x	+3.70%	18.7B
SUN COMMUNITIES, INC.	56.58x	7.13x	18.94x	+2.96%	16.19B
UDR, INC.	115.76x	12.48x	20.12x	+3.78%	14.84B
AMERICAN HOMES 4 RENT	43.75x	10.63x	20.29x	+2.73%	13.9B
EQUITY LIFESTYLE PROPERTIES, INC.	37.49x	10.95x	23.59x	+2.72%	13.38B
Average	46.78x	11.80x	20.40x	+3.44%	17.9B
Weighted average by Cap.	46.89x	11.81x	20.55x	+3.27%