Financials One REIT, Inc.

Equities

3290

JP3047640002

Commercial REITs

Market Closed - Japan Exchange 02:00:00 2024-04-26 am EDT 5-day change 1st Jan Change
267,700 JPY +0.49% Intraday chart for One REIT, Inc. +1.67% +0.94%

Valuation

Fiscal Period: August 2018 2019 2020 2021 2022 2023
Capitalization 1 46,889 74,132 61,824 78,690 72,943 68,459
Enterprise Value (EV) 1 84,368 121,627 109,434 129,231 130,584 130,314
P/E ratio 16.7 x 21.9 x 16.1 x 15.1 x 18.8 x 18.4 x
Yield - - - - 5.47% 5.48%
Capitalization / Revenue 6.82 x 9.16 x 7.42 x 8.05 x 8.2 x 7.51 x
EV / Revenue 12.3 x 15 x 13.1 x 13.2 x 14.7 x 14.3 x
EV / EBITDA 20 x 24.7 x 20.4 x 19.1 x 23.4 x 23.8 x
EV / FCF 52 x 93.1 x 46.9 x -6.37 x 44.3 x 35.5 x
FCF Yield 1.92% 1.07% 2.13% -15.7% 2.26% 2.82%
Price to Book 1.13 x 1.4 x 1.16 x 1.48 x 1.18 x 1.12 x
Nbr of stocks (in thousands) 189 240 240 240 268 268
Reference price 2 247,700 309,000 257,700 328,000 271,700 255,000
Announcement Date 11/29/18 11/28/19 11/27/20 11/29/21 11/29/22 7/7/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: August 2018 2019 2020 2021 2022 2023
Net sales 1 6,876 8,092 8,334 9,778 8,900 9,115
EBITDA 1 4,228 4,930 5,374 6,782 5,576 5,477
EBIT 1 3,334 3,914 4,362 5,756 4,446 4,319
Operating Margin 48.49% 48.37% 52.34% 58.87% 49.95% 47.39%
Earnings before Tax (EBT) 1 2,902 3,392 3,834 5,224 3,850 3,721
Net income 1 2,810 3,392 3,834 5,224 3,849 3,719
Net margin 40.87% 41.92% 46% 53.43% 43.25% 40.8%
EPS 2 14,844 14,139 15,981 21,775 14,431 13,854
Free Cash Flow 1 1,623 1,306 2,334 -20,293 2,946 3,672
FCF margin 23.6% 16.15% 28% -207.54% 33.1% 40.28%
FCF Conversion (EBITDA) 38.39% 26.5% 43.43% - 52.84% 67.04%
FCF Conversion (Net income) 57.76% 38.52% 60.87% - 76.54% 98.72%
Dividend per Share - - - - 14,872 13,962
Announcement Date 11/29/18 11/28/19 11/27/20 11/29/21 11/29/22 7/7/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: August 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 4,227 4,167 4,061 4,889 4,384 4,517 4,598 4,636 4,575 4,605
EBITDA - - - - - - - - - -
EBIT 1 2,152 2,181 1,274 2,878 2,262 2,185 2,135 2,148 2,132 2,075
Operating Margin 50.91% 52.34% 31.38% 58.87% 51.6% 48.37% 46.43% 46.32% 46.59% 45.06%
Earnings before Tax (EBT) 1 1,892 - 1,023 2,614 1,968 1,883 1,838 1,832 1,797 1,725
Net income 1 1,891 1,917 1,022 2,613 1,967 1,882 1,837 1,831 1,796 1,724
Net margin 44.74% 46% 25.17% 53.44% 44.87% 41.68% 39.95% 39.5% 39.26% 37.44%
EPS 2 7,885 - 4,260 10,890 7,423 7,011 6,842 6,821 6,691 6,421
Dividend per Share 2 7,889 - 7,605 7,546 7,326 7,120 6,842 6,821 - 6,421
Announcement Date 4/14/20 10/15/20 4/14/21 10/15/21 5/31/22 10/17/22 4/14/23 10/16/23 4/15/24 -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: August 2018 2019 2020 2021 2022 2023
Net Debt 1 37,479 47,495 47,610 50,541 57,641 61,855
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 8.864 x 9.634 x 8.859 x 7.452 x 10.34 x 11.29 x
Free Cash Flow 1 1,623 1,307 2,334 -20,293 2,946 3,672
ROE (net income / shareholders' equity) 6.8% 7.17% 7.21% 9.82% 6.73% 6.07%
ROA (Net income/ Total Assets) 2.27% 2.46% 2.45% 3.2% 2.27% 2.04%
Assets 1 123,685 137,813 156,675 163,352 169,424 182,542
Book Value Per Share 2 219,384 221,085 222,014 221,568 229,592 227,825
Cash Flow per Share 2 14,364 17,519 13,397 13,059 14,746 13,556
Capex 1 624 794 910 24,386 507 302
Capex / Sales 9.08% 9.81% 10.92% 249.4% 5.7% 3.31%
Announcement Date 11/29/18 11/28/19 11/27/20 11/29/21 11/29/22 11/29/23
1JPY in Million2JPY
Estimates
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