Financials Japan Logistics Fund, Inc.

Equities

8967

JP3046230003

Commercial REITs

Delayed Japan Exchange 12:26:22 2024-04-30 am EDT 5-day change 1st Jan Change
281,300 JPY -0.25% Intraday chart for Japan Logistics Fund, Inc. +2.07% -1.64%

Valuation

Fiscal Period: July 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 236,496 286,908 300,937 298,880 280,667 262,457 - -
Enterprise Value (EV) 1 336,893 401,656 401,285 399,875 387,368 262,457 363,058 363,326
P/E ratio 27.3 x 32.6 x 21.7 x 34.8 x 29.4 x 27.2 x 25.3 x 26.1 x
Yield 3.53% 3.07% 4.4% 3.02% 3.39% 3.68% 3.91% 3.86%
Capitalization / Revenue 12.4 x 15.2 x 12.5 x 16.2 x 14.2 x 12.9 x 13.9 x 13.9 x
EV / Revenue 17.7 x 21.3 x 16.6 x 21.7 x 19.6 x 12.9 x 19.3 x 19.2 x
EV / EBITDA 24.3 x 29.5 x 21.7 x 31 x 27.2 x 18.3 x 24.8 x 24.6 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.76 x 2.13 x 2.23 x 2.15 x 1.96 x 1.84 x 1.84 x 1.84 x
Nbr of stocks (in thousands) 905 905 905 934 934 930.7 - -
Reference price 2 261,300 317,000 332,500 320,000 300,500 282,000 282,000 282,000
Announcement Date 3/12/19 3/13/20 3/17/21 3/16/22 3/14/23 3/15/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: July 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 19,011 18,873 24,156 18,424 19,769 20,287 18,852 18,928
EBITDA 1 13,880 13,615 18,485 12,894 14,242 14,327 14,669 14,763
EBIT 1 9,833 9,613 14,665 9,122 10,414 10,540 10,912 10,960
Operating Margin 51.72% 50.93% 60.71% 49.51% 52.68% 51.96% 57.88% 57.91%
Earnings before Tax (EBT) 1 - 8,812 13,875 8,324 - 9,763 - -
Net income 1 8,744 8,810 13,873 8,321 9,518 9,672 10,383 10,040
Net margin 46% 46.68% 57.43% 45.17% 48.14% 47.68% 55.08% 53.05%
EPS 2 9,570 9,733 15,327 9,194 10,206 10,359 11,156 10,788
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 9,213 9,734 14,630 9,671 10,190 10,374 11,014 10,871
Announcement Date 3/12/19 3/13/20 3/17/21 3/16/22 3/14/23 3/15/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: July 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1
Net sales 1 9,929 9,190 9,682 15,036 9,120 9,155 9,269 9,613 10,156 10,139 10,264 10,778 10,250 10,250
EBITDA 1 7,233 6,623 6,992 12,083 6,402 6,205 6,689 6,970 7,271 7,139 - - - -
EBIT 1 5,248 4,651 4,961 10,151 4,514 4,302 4,820 5,090 5,324 5,239 5,317 5,770 5,292 5,323
Operating Margin 52.86% 50.61% 51.24% 67.51% 49.5% 46.99% 52% 52.95% 52.42% 51.67% 51.8% 53.53% 51.63% 51.93%
Earnings before Tax (EBT) 1 4,629 4,256 4,556 9,754 4,120 3,914 4,410 4,629 4,891 4,812 4,878 5,352 4,867 4,886
Net income 1 4,628 4,254 4,555 9,753 4,120 3,913 4,408 4,628 4,890 4,811 4,878 5,334 4,853 4,886
Net margin 46.62% 46.29% 47.05% 64.86% 45.18% 42.75% 47.56% 48.14% 48.15% 47.45% 47.52% 49.49% 47.35% 47.67%
EPS 2 5,093 4,700 5,033 10,775 4,552 4,323 4,871 4,971 5,235 5,150 5,229 5,730 5,214 5,250
Dividend per Share 2 4,710 4,700 5,034 9,830 4,800 4,800 4,871 4,955 5,235 5,151 5,229 5,324 5,320 5,250
Announcement Date 3/12/19 9/12/19 3/13/20 9/14/20 3/17/21 9/14/21 3/16/22 9/13/22 3/14/23 9/13/23 - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: July 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 100,398 114,747 100,348 100,995 106,701 103,358 100,600 100,869
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 7.233 x 8.428 x 5.429 x 7.833 x 7.492 x 7.192 x 6.858 x 6.833 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 6.42% 6.56% 10.3% 6.18% 6.85% 6.76% 7.05% 7.03%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 148,213 148,487 148,950 148,631 153,562 153,486 153,247 153,297
Cash Flow per Share - - - - - - - -
Capex 1 - 14,591 5,265 5,601 18,649 3,143 - -
Capex / Sales - 77.31% 21.8% 30.4% 94.33% 16.46% - -
Announcement Date 3/12/19 3/13/20 3/17/21 3/16/22 3/14/23 3/15/24 - -
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

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