Financials Sekisui House Reit, Inc.

Equities

3309

JP3047820000

Diversified REITs

Delayed Japan Exchange 07:00:00 26/04/2024 BST 5-day change 1st Jan Change
80,500 JPY -1.35% Intraday chart for Sekisui House Reit, Inc. -0.49% +4.41%

Valuation

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 428,438 313,073 369,683 350,957 348,766 352,709 - -
Enterprise Value (EV) 1 647,994 502,339 581,533 597,783 571,183 537,284 519,807 502,063
P/E ratio 29.9 x 22.4 x 23.7 x 25.4 x 24.8 x 21.2 x 23 x 23.5 x
Yield 3.23% 4.59% 4.03% 4.26% 4.72% 4.81% 4.41% 4.32%
Capitalization / Revenue 15.8 x 10.6 x 11.4 x 11.5 x 11 x 8.06 x 10.5 x 10.5 x
EV / Revenue 24 x 17.1 x 18 x 19.6 x 17.9 x 12.3 x 15.4 x 15 x
EV / EBITDA 33.4 x 24.4 x 26 x 28.8 x 27 x 23 x 23.1 x 22.8 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.5 x 1.09 x 1.29 x 1.19 x 1.19 x 1.21 x 1.21 x 1.21 x
Nbr of stocks (in thousands) 4,289 4,289 4,289 4,381 4,381 4,381 - -
Reference price 2 99,900 73,000 86,200 80,100 79,600 80,500 80,500 80,500
Announcement Date 13/12/19 15/12/20 15/12/21 15/12/22 21/12/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 27,052 29,416 32,346 30,553 31,851 43,735 33,698 33,512
EBITDA 1 19,415 20,602 22,328 20,768 21,120 23,354 22,537 22,061
EBIT 1 14,853 15,742 17,402 15,703 15,851 18,560 17,573 17,380
Operating Margin 54.91% 53.52% 53.8% 51.4% 49.77% 42.44% 52.15% 51.86%
Earnings before Tax (EBT) 1 13,301 13,984 15,624 13,951 14,048 16,610 15,341 15,012
Net income 1 13,299 13,983 15,623 13,949 14,045 16,610 15,339 15,010
Net margin 49.16% 47.54% 48.3% 45.66% 44.1% 37.98% 45.52% 44.79%
EPS 2 3,341 3,260 3,642 3,158 3,204 3,791 3,501 3,426
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 3,225 3,350 3,478 3,412 3,757 3,874 3,551 3,476
Announcement Date 13/12/19 15/12/20 15/12/21 15/12/22 21/12/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: October 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1
Net sales 1 14,683 14,590 14,826 15,055 17,291 14,756 15,797 15,365 16,486 22,036 21,452 17,317 16,088 16,444
EBITDA 1 10,597 10,288 10,314 10,457 - 10,117 - 10,137 10,983 11,586 11,245 11,094 - -
EBIT 1 8,226 7,874 7,868 7,989 9,413 7,625 8,078 7,508 8,343 5,740 12,631 9,377 8,442 8,482
Operating Margin 56.02% 53.97% 53.07% 53.07% 54.44% 51.67% 51.14% 48.86% 50.61% 26.05% 58.88% 54.15% 52.47% 51.59%
Earnings before Tax (EBT) 1 7,406 6,991 6,993 7,104 8,521 6,746 7,205 6,637 7,411 4,777 11,434 8,258 7,276 7,360
Net income 1 7,405 6,991 6,992 7,103 8,520 6,745 7,204 6,637 7,408 4,777 11,434 8,257 7,275 7,359
Net margin 50.43% 47.92% 47.16% 47.18% 49.27% 45.71% 45.6% 43.2% 44.94% 21.68% 53.3% 47.68% 45.22% 44.75%
EPS 2 1,775 1,630 1,630 1,656 1,986 1,522 1,636 1,514 1,690 1,095 2,650 1,891 1,680 1,680
Dividend per Share 2 1,631 1,665 1,685 1,675 1,803 1,698 1,714 1,781 1,976 2,040 1,740 1,750 1,702 1,721
Announcement Date 13/12/19 15/06/20 15/12/20 15/06/21 15/12/21 15/06/22 15/12/22 15/06/23 21/12/23 - - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 219,557 189,266 211,850 246,826 222,417 184,575 167,098 149,354
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 11.31 x 9.187 x 9.488 x 11.88 x 10.53 x 7.903 x 7.414 x 6.77 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 5% 4.89% - 4.79% - 5.33% 4.99% 4.82%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 66,732 66,747 67,070 67,211 66,924 66,644 66,489 66,334
Cash Flow per Share - - - - - - - -
Capex 1 93,243 7,264 11,823 52,528 - 13,064 22,257 22,363
Capex / Sales 344.68% 24.69% 36.55% 171.92% - 29.87% 66.05% 66.73%
Announcement Date 13/12/19 15/12/20 15/12/21 15/12/22 21/12/23 - - -
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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