Company Valuation: Mitsui Fudosan Accommodations Fund Inc.

Data adjusted to current consolidation scope
Fiscal Period: February 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 304,601 305,608 285,972 290,000 347,144 315,425 - -
Change - 0.33% -6.43% 1.41% 19.7% -9.14% - -
Enterprise Value (EV) 1 458,280 305,608 439,318 443,525 504,703 473,467 471,045 468,697
Change - -33.31% 43.75% 0.96% 13.79% -6.19% -0.51% -0.5%
P/E 29.7x 28.8x 24.5x 25.5x 28.5x 24.7x 24.6x 23.6x
PBR 1.96x - 1.83x 1.9x 2.27x 2.05x 2.04x 2.03x
PEG - 8.32x 2.48x -9.89x 3.85x 5.36x 40.68x 5.83x
Capitalization / Revenue 12.6x 12.3x 11.2x 11.4x 12.9x 11.1x 11x 10.7x
EV / Revenue 18.9x 12.3x 17.1x 17.4x 18.7x 16.6x 16.4x 15.8x
EV / EBITDA 30x 19.7x 27x 27.7x 29.6x 26.3x 26.1x 25.1x
EV / EBIT 41.1x 26.4x 35.4x 36.4x 38.1x 33.1x 32.3x 30.6x
EV / FCF -68.4x - 40.6x 39.7x 66.3x 28.5x 29.1x 28.6x
FCF Yield -1.46% - 2.46% 2.52% 1.51% 3.51% 3.44% 3.49%
Dividend per Share 2 4,104 4,215 4,421 22,570 4,729 4,826 5,031 5,234
Rate of return 3.39% 3.47% 3.89% 19.6% 3.43% 3.85% 4.01% 4.18%
EPS 2 4,074 4,215 4,632 4,513 4,847 5,071 5,101 5,308
Distribution rate 101% 100% 95.4% 500% 97.6% 95.2% 98.6% 98.6%
Net sales 1 24,203 24,778 25,635 25,531 26,922 28,464 28,741 29,605
EBITDA 1 15,252 15,550 16,256 15,993 17,038 17,994 18,034 18,685
EBIT 1 11,154 11,561 12,426 12,193 13,234 14,301 14,603 15,311
Net income 1 10,256 10,611 11,661 11,363 12,203 12,765 12,842 13,361
Net Debt 1 153,679 - 153,346 153,525 157,559 158,042 155,619 153,272
Reference price 2 121,000.00 121,400.00 113,600.00 115,200.00 137,900.00 125,300.00 125,300.00 125,300.00
Nbr of stocks (in thousands) 2,517 2,517 2,517 2,517 2,517 2,517 - -
Announcement Date 4/19/22 4/19/23 4/17/24 4/17/25 4/16/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.71x16.63x26.31x3.85% 1.93B
35.52x11.71x19.24x3.7% 27.3B
52.27x10.77x18.14x4.08% 25.81B
49.05x13.34x21.5x3.49% 19.07B
38.91x8.9x17.12x3.99% 17.89B
40.53x9.74x17.41x4.47% 15.99B
58.64x8.98x20.19x3.47% 15.58B
32.91x10.37x21.36x3.2% 13.12B
43.55x10.93x18.16x4.37% 12.76B
44.67x9.13x17.21x3.87% 12.13B
Average 42.08x 11.05x 19.66x 3.85% 16.16B
Weighted average by Cap. 43.87x 10.68x 19.03x 3.85%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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