Financials Fukuoka REIT Corporation

Equities

8968

JP3046240002

Commercial REITs

Market Closed - Japan Exchange 07:00:00 30/04/2024 BST 5-day change 1st Jan Change
169,700 JPY +0.35% Intraday chart for Fukuoka REIT Corporation +1.25% -0.93%

Valuation

Fiscal Period: August 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 141,927 108,654 139,698 135,559 129,032 135,081 - -
Enterprise Value (EV) 1 141,927 108,654 139,698 135,559 129,032 135,081 223,991 225,261
P/E ratio - 18.6 x - - - 22.5 x 23.2 x 23.1 x
Yield - 5.37% - - - 4.45% 4.3% 4.34%
Capitalization / Revenue - 5.91 x - - - 7.26 x 7.21 x 7.16 x
EV / Revenue - 5.91 x - - - 7.26 x 12 x 11.9 x
EV / EBITDA - - - - - 22.6 x 22.3 x 22.3 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.39 x 1.07 x 1.37 x 1.33 x 1.27 x 1.33 x 1.33 x 1.33 x
Nbr of stocks (in thousands) 796 796 796 796 796 796 - -
Reference price 2 178,300 136,500 175,500 170,300 162,100 169,700 169,700 169,700
Announcement Date 12/04/19 13/04/20 31/05/21 14/04/22 31/05/23 16/04/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: August 2020 2024 2025 2026
Net sales 1 18,394 18,610 18,736 18,874
EBITDA 1 - 9,924 10,030 10,090
EBIT 1 6,591 6,834 6,728 6,846
Operating Margin 35.83% 36.72% 35.91% 36.27%
Earnings before Tax (EBT) 1 5,840 6,019 5,778 5,910
Net income 1 5,838 6,017 5,813 5,860
Net margin 31.74% 32.33% 31.03% 31.05%
EPS 2 7,334 7,558 7,303 7,360
Free Cash Flow - - - -
FCF margin - - - -
FCF Conversion (EBITDA) - - - -
FCF Conversion (Net income) - - - -
Dividend per Share 2 7,335 7,560 7,303 7,361
Announcement Date 13/04/20 16/04/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: August 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 Q2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1
Net sales 9,243 9,232 9,162 8,518 8,904 - 8,867 8,659 8,831 9,037 9,284 9,333 9,351 9,354 9,422
EBITDA - - - - - - - - - - - - - - -
EBIT 3,306 3,318 3,273 2,967 3,062 - 3,205 3,186 3,182 3,224 3,372 3,437 3,333 3,319 3,386
Operating Margin 35.77% 35.95% 35.72% 34.83% 34.39% - 36.14% 36.79% 36.03% 35.67% 36.32% 36.83% 35.64% 35.48% 35.94%
Earnings before Tax (EBT) 2,936 2,940 2,900 2,588 2,677 - 2,818 2,816 2,805 2,851 2,988 3,007 2,888 2,874 2,936
Net income 2,935 2,939 2,899 2,587 2,676 - 2,817 2,815 2,804 2,850 2,987 3,006 2,887 2,874 2,936
Net margin 31.75% 31.84% 31.64% 30.37% 30.05% - 31.77% 32.51% 31.76% 31.53% 32.17% 32.21% 30.88% 30.72% 31.16%
EPS 3,687 3,692 3,642 3,249 3,361 - 3,539 3,536 3,523 3,580 3,752 3,776 3,627 3,610 3,688
Dividend per Share 1 3,687 3,693 3,642 3,250 3,361 3,539 3,539 3,536 3,523 3,580 3,753 3,776 3,627 3,610 3,688
Announcement Date 12/04/19 16/10/19 13/04/20 16/10/20 31/05/21 15/10/21 15/10/21 14/04/22 19/10/22 31/05/23 18/10/23 - - - -
1JPY
Estimates

Balance Sheet Analysis

Fiscal Period: August 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - 89,170 88,910 90,180
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - - 8.985 x 8.864 x 8.938 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) - - - - - 5.89% 5.74% 5.7%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 127,982 127,937 127,656 127,831 127,875 128,069 128,040 127,927
Cash Flow per Share - - - - - - - -
Capex 1 - - - - - 18,423 5,534 1,529
Capex / Sales - - - - - 99% 29.54% 8.1%
Announcement Date 12/04/19 13/04/20 31/05/21 14/04/22 31/05/23 16/04/24 - -
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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