Financials ESCON JAPAN REIT Investment Corporation

Equities

2971

JP3048810000

Commercial REITs

Market Closed - Japan Exchange 02:00:00 2024-05-17 am EDT 5-day change 1st Jan Change
126,000 JPY +0.56% Intraday chart for ESCON JAPAN REIT Investment Corporation +0.64% +8.15%

Valuation

Fiscal Period: January 2020 2021 2022 2023 2024
Capitalization 1 31,094 34,411 47,480 40,547 41,778
Enterprise Value (EV) 1 54,345 57,543 77,943 71,320 72,561
P/E ratio 19.1 x 16.9 x 18.7 x 17.8 x 18.4 x
Yield - - - - -
Capitalization / Revenue 8.17 x 8.95 x 8.77 x 8.12 x 8.45 x
EV / Revenue 14.3 x 15 x 14.4 x 14.3 x 14.7 x
EV / EBITDA 21.9 x 23.1 x 25 x 24.8 x 25 x
EV / FCF -2,748,952 x 48,764,925 x 66,067,682 x 54,713,923 x 44,493,066 x
FCF Yield -0% 0% 0% 0% 0%
Price to Book 1.26 x 1.17 x 1.21 x 1.03 x 1.06 x
Nbr of stocks (in thousands) 237 283 352 352 352
Reference price 2 131,200 121,600 134,900 115,200 118,700
Announcement Date 10/29/20 4/27/21 10/28/22 10/27/23 4/25/24
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: January 2019 2020 2021 2022 2023 2024
Net sales 1 2,868 3,804 3,844 5,412 4,994 4,942
EBITDA 1 2,154 2,482 2,486 3,116 2,878 2,903
EBIT 1 1,976 2,222 2,224 2,764 2,510 2,531
Operating Margin 68.9% 58.41% 57.86% 51.07% 50.26% 51.21%
Earnings before Tax (EBT) 1 1,342 1,940 2,036 2,536 2,278 2,276
Net income 1 1,342 1,940 2,036 2,536 2,278 2,275
Net margin 46.79% 51% 52.97% 46.86% 45.61% 46.03%
EPS 2 5,950 6,875 7,195 7,205 6,472 6,463
Free Cash Flow - -19,770 1,180 1,180 1,304 1,631
FCF margin - -519.7% 30.7% 21.8% 26.1% 33%
FCF Conversion (EBITDA) - - 47.47% 37.86% 45.29% 56.18%
FCF Conversion (Net income) - - 57.96% 46.52% 57.22% 71.69%
Dividend per Share - - - - - -
Announcement Date 10/29/19 10/29/20 4/27/21 10/28/22 10/27/23 4/25/24
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: January 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 1 1,544 1,902 1,922 1,911 2,476 2,541 2,498 2,445 2,465 2,625
EBITDA - - - - - - - - - -
EBIT 1 963 1,110 1,111 1,095 1,506 1,362 1,255 1,275 1,240 1,270
Operating Margin 62.37% 58.36% 57.8% 57.28% 60.82% 53.61% 50.27% 52.15% 50.3% 48.38%
Earnings before Tax (EBT) - 971 - - - - - - - -
Net income 1 882 970 1,018 1,001 1,264 1,859 1,140 1,136 1,104 1,119
Net margin 57.12% 51% 52.97% 52.39% 51.05% 73.17% 45.64% 46.46% 44.79% 42.63%
EPS 2 - 3,439 - - - - - - 3,136 3,179
Dividend per Share 2 - 3,430 - - - - - - 3,136 3,179
Announcement Date 3/16/20 9/15/20 3/12/21 9/15/21 3/16/22 3/17/23 9/14/23 3/15/24 - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: January 2019 2020 2021 2022 2023 2024
Net Debt 1 18,690 23,251 23,132 30,463 30,773 30,783
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 8.677 x 9.368 x 9.305 x 9.776 x 10.69 x 10.61 x
Free Cash Flow - -19,770 1,180 1,180 1,304 1,631
ROE (net income / shareholders' equity) - 7.32% 7.64% 7.37% 5.79% 5.74%
ROA (Net income/ Total Assets) - 2.74% 2.74% 2.62% 2.07% 2.08%
Assets 1 - 70,837 74,423 96,946 110,080 109,195
Book Value Per Share 2 104,689 104,217 104,098 111,871 111,508 111,496
Cash Flow per Share 2 5,010 4,178 4,587 7,467 6,586 6,557
Capex 1 62,880 21,030 50 240 202 174
Capex / Sales 2,192.47% 552.84% 1.3% 4.43% 4.04% 3.53%
Announcement Date 10/29/19 10/29/20 4/27/21 10/28/22 10/27/23 4/25/24
1JPY in Million2JPY
Estimates
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