Financials Mori Hills REIT Investment Corporation

Equities

3234

JP3046470005

Commercial REITs

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
136,400 JPY +0.66% Intraday chart for Mori Hills REIT Investment Corporation +1.49% -2.71%

Valuation

Fiscal Period: Gennaio 2020 2021 2022 2023 2025 2026
Capitalization 1 340,680 279,401 270,203 282,850 261,387 -
Enterprise Value (EV) 1 508,343 448,485 451,984 453,891 429,281 425,187
P/E ratio 31.4 x 25 x 22.6 x 22 x 23.7 x 23.9 x
Yield 3.18% 3.99% 4.22% 4.33% 4.14% 4.17%
Capitalization / Revenue 17.7 x 14.2 x 12.9 x 12.6 x 12.5 x 12.5 x
EV / Revenue 26.4 x 22.8 x 21.5 x 20.2 x 20.6 x 20.4 x
EV / EBITDA 36 x 31 x 29.7 x 28.2 x 28.6 x 29.9 x
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book - - - 1.38 x 1.27 x 1.27 x
Nbr of stocks (in thousands) 1,875 1,916 1,916 1,916 1,916 -
Reference price 2 181,700 145,800 141,000 147,600 136,400 136,400
Announcement Date 9/14/20 9/14/21 9/14/22 9/15/23 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Gennaio 2020 2021 2022 2023 2025 2026
Net sales 1 19,234 19,661 21,018 22,426 20,854 20,836
EBITDA 1 14,131 14,459 15,238 16,087 14,999 14,199
EBIT 1 12,055 12,330 13,071 13,902 12,035 12,037
Operating Margin 62.68% 62.71% 62.19% 61.99% 57.71% 57.77%
Earnings before Tax (EBT) 1 10,842 11,159 11,959 12,831 11,047 9,590
Net income 1 10,840 11,157 11,957 12,829 11,047 10,915
Net margin 56.36% 56.75% 56.89% 57.21% 52.97% 52.38%
EPS 2 5,781 5,832 6,239 6,694 5,765 5,696
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 5,781 5,822 5,957 6,392 5,649 5,692
Announcement Date 9/14/20 9/14/21 9/14/22 9/15/23 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Gennaio 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2025 S1 2025 S2 2026 S1 2026 S2
Net sales 1 9,602 9,820 9,841 9,821 11,197 11,211 11,215 11,177 11,086 10,348 10,350 10,950
EBITDA - - - - - - - - - - - -
EBIT 1 6,029 6,173 6,157 6,085 6,985 6,946 6,956 6,803 6,694 6,006 6,006 6,689
Operating Margin 62.79% 62.86% 62.56% 61.97% 62.38% 61.96% 62.02% 60.87% 60.38% 58.03% 58.03% 61.09%
Earnings before Tax (EBT) 1 5,435 5,576 5,583 5,515 6,444 6,406 6,425 6,291 6,133 6,190 6,189 6,151
Net income 1 5,434 5,575 5,582 5,514 6,443 6,405 6,424 6,290 6,128 6,190 6,189 6,151
Net margin 56.59% 56.77% 56.72% 56.15% 57.54% 57.13% 57.28% 56.28% 55.28% 59.82% 59.8% 56.17%
EPS 2 2,898 2,919 2,913 2,877 3,362 3,342 3,352 3,282 3,220 2,865 2,865 3,210
Dividend per Share 2 2,898 2,909 2,913 2,927 3,030 3,040 3,352 - 3,140 3,230 3,230 3,210
Announcement Date 9/14/20 3/17/21 9/14/21 3/17/22 9/14/22 3/17/23 9/15/23 3/15/24 - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: Gennaio 2020 2021 2022 2023 2025 2026
Net Debt 1 167,663 169,084 181,782 171,040 167,894 163,800
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 11.87 x 11.69 x 11.93 x 10.63 x 11.19 x 11.54 x
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) - - - - 6.14% 5.95%
ROA (Net income/ Total Assets) - - - - - -
Assets 1 - - - - - -
Book Value Per Share 2 - - - 106,869 107,335 107,268
Cash Flow per Share - - - - - -
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 9/14/20 9/14/21 9/14/22 9/15/23 - -
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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