Company Valuation: Japan Logistics Fund, Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 287,813 276,557 253,895 248,318 277,637 249,599 - -
Change - -3.91% -8.19% -2.2% 11.81% -10.1% - -
Enterprise Value (EV) 1 388,809 383,259 358,308 351,264 382,437 365,862 358,001 356,027
Change - -1.43% -6.51% -1.97% 8.87% -4.33% -2.15% -0.55%
P/E 34.6x 29x 26.3x 23.4x 22.2x 24x 22.8x 22.6x
PBR 2.14x 1.93x 1.78x 1.76x 1.97x 1.78x 1.79x 1.8x
PEG - 2.6x 17.54x 2x 1.2x -1.4x 4.54x 20.58x
Capitalization / Revenue 15.6x 14x 12.5x 11.6x 11.8x 12.8x 12.2x 11.6x
EV / Revenue 21.1x 19.4x 17.7x 16.4x 16.2x 18.8x 17.5x 16.6x
EV / EBITDA 30.2x 26.9x 25x 22.9x 22.4x 25.2x 22.9x 23x
EV / EBIT 42.6x 36.8x 34x 30.3x 28.5x 31.8x 29x 28.3x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 3,224 3,397 3,458 10,878 4,450 4,472 4,722 4,580
Rate of return 3.04% 3.44% 3.8% 12.1% 4.4% 4.92% 5.2% 5.04%
EPS 2 3,065 3,402 3,453 3,848 4,546 3,792 3,983 4,026
Distribution rate 105% 99.8% 100% 283% 97.9% 118% 119% 114%
Net sales 1 18,424 19,769 20,287 21,453 23,586 19,433 20,436 21,436
EBITDA 1 12,894 14,242 14,327 15,341 17,072 14,526 15,631 15,455
EBIT 1 9,122 10,414 10,540 11,599 13,415 11,519 12,347 12,590
Net income 1 8,321 9,518 9,672 10,724 12,505 12,787 12,420 12,156
Net Debt 1 100,995 106,701 104,413 102,946 104,800 116,262 108,401 106,428
Reference price 2 106,000.00 98,700.00 90,933.33 89,900.00 101,100.00 90,900.00 90,900.00 90,900.00
Nbr of stocks (in thousands) 2,715 2,802 2,792 2,762 2,746 2,746 - -
Announcement Date 16/03/22 14/03/23 15/03/24 12/03/25 17/03/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.97x18.83x25.19x4.92% 1.59B
40.49x18.95x24.2x3.17% 128B
17.55x14.84x16.9x1.18% 37.24B
34.26x15.84x22.43x3.14% 10.86B
637.92x9.63x13.59x4.57% 8.54B
26.19x13.55x19.8x3.2% 8.19B
34.26x11.67x15.94x4.11% 7.25B
33.31x16.27x24.62x3.28% 7.16B
20.06x12.98x16.76x4.24% 7.06B
8.98x18.23x20.93x5.74% 5.72B
Average 87.70x 15.08x 20.04x 3.76% 22.18B
Weighted average by Cap. 56.79x 17.01x 21.75x 3.04%

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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-40%: Exceptional extension
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