N

Nomura Real Estate Master Fund Inc
TSE:3462

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Nomura Real Estate Master Fund Inc
TSE:3462
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Price: 136 100 JPY 0.52% Market Closed
Market Cap: 635.6B JPY
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Relative Value

The Relative Value of one Nomura Real Estate Master Fund Inc stock under the Base Case scenario is 191 607.85 JPY. Compared to the current market price of 136 100 JPY, Nomura Real Estate Master Fund Inc is Undervalued by 29%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

Relative Value
Base Case
191 607.85 JPY
Undervaluation 29%
Relative Value
Price
N
Worst Case
Base Case
Best Case

Valuation Multiples

7.5
P/S
P/S
Price to Sales
7.5
vs History
95
vs Industry
22
Median 3Y
9.5
Median 5Y
9.6
Industry
3.6
Forward
8.7
More Details
20.7
P/E
P/E
Price to Earnings
20.7
vs History
98
vs Industry
22
Median 3Y
27.4
Median 5Y
28
Industry
16.7
Forward
20.6
More Details
8.4
P/OCF
P/OCF
Price to OCF
8.4
vs History
98
vs Industry
34
Median 3Y
13.5
Median 5Y
14.8
Industry
10.9
More Details
20.6
P/FCFE
P/FCFE
Price to FCFE
20.6
vs History
71
vs Industry
11
Median 3Y
34.4
Median 5Y
26
Industry
13.3
More Details
1
P/B
P/B
Price to Book Value
1
vs History
82
vs Industry
30
Median 3Y
1.2
Median 5Y
1.2
Industry
0.8
More Details
12.5
EV/S
EV/S
Enterprise Value to Sales
12.5
vs History
96
vs Industry
20
Median 3Y
14.9
Median 5Y
15.1
Industry
6.6
Forward
14.4
More Details
20.2
EV/GP
EV/GP
Enterprise Value to Gross Profit
20.2
vs History
98
vs Industry
19
Median 3Y
24.1
Median 5Y
24.4
Industry
11.9
More Details
20.3
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
20.3
vs History
98
vs Industry
23
Median 3Y
24.2
Median 5Y
24.6
Industry
15.8
Forward
22.8
More Details
30
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
30
vs History
98
vs Industry
17
Median 3Y
36.9
Median 5Y
37.6
Industry
19
More Details
13.9
EV/OCF
EV/OCF
Enterprise Value to OCF
13.9
vs History
98
vs Industry
36
Median 3Y
21.1
Median 5Y
24
Industry
18.5
More Details
30.6
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
30.6
vs History
61
vs Industry
10
Median 3Y
56.7
Median 5Y
35.3
Industry
20.1
More Details
0.9
EV/IC
EV/IC
Enterprise Value to IC
0.9
vs History
84
vs Industry
26
Median 3Y
1
Median 5Y
1
Industry
0.7
More Details

Multiples Across Competitors

Competitors Multiples
Nomura Real Estate Master Fund Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
JP
Nomura Real Estate Master Fund Inc
TSE:3462
635.2B JPY 7.5 20.7 20.3 30
ZA
Growthpoint Properties Ltd
JSE:GRT
44B Zac 0 0 0 0
ZA
Redefine Properties Ltd
JSE:RDF
29.4B Zac 0 0 0 0
US
WP Carey Inc
NYSE:WPC
11.9B USD 7.5 21.4 14.8 24.8
ZA
Attacq Ltd
JSE:ATT
10.1B Zac 0 0 0 0
JP
KDX Realty Investment Corp
OTC:KDXRF
9.6B USD 27 38.4 54.4 68.7
AU
Stockland Corporation Ltd
ASX:SGP
11.8B AUD 3.9 38.7 21.6 21.6
ZA
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
7.1B Zac 0 0 0 0
ZA
Fairvest Ltd
JSE:FTA
6.9B Zac 0 0 0 0
FR
Gecina SA
PAR:GFC
6.6B EUR 7.7 -7.2 16.6 17.3
US
STORE Capital Corp
LSE:0LA6
6.8B USD 7.7 21.4 14.6 23.3
P/S Multiple
Revenue Growth P/S to Growth
JP
N
Nomura Real Estate Master Fund Inc
TSE:3462
Average P/S: 10.2
7.5
-17%
N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-36%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
-45%
N/A
US
WP Carey Inc
NYSE:WPC
7.5
0%
203.6
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
27
72%
0.4
AU
Stockland Corporation Ltd
ASX:SGP
3.9
56%
0.1
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
-22%
N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
FR
Gecina SA
PAR:GFC
7.7
16%
0.5
US
S
STORE Capital Corp
LSE:0LA6
7.7
26%
0.3
P/E Multiple
Earnings Growth P/E to Growth
JP
N
Nomura Real Estate Master Fund Inc
TSE:3462
Average P/E: 28.1
20.7
-5%
N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-96%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
-98%
N/A
US
WP Carey Inc
NYSE:WPC
21.4
-19%
N/A
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
38.4
128%
0.3
AU
Stockland Corporation Ltd
ASX:SGP
38.7
221%
0.2
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
-37%
N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
FR
Gecina SA
PAR:GFC
Negative Multiple: -7.2 N/A N/A
US
S
STORE Capital Corp
LSE:0LA6
21.4
31%
0.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
JP
N
Nomura Real Estate Master Fund Inc
TSE:3462
Average EV/EBITDA: 23.7
20.3
-15%
N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-5%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
-6%
N/A
US
WP Carey Inc
NYSE:WPC
14.8
11%
1.3
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
54.4
122%
0.4
AU
Stockland Corporation Ltd
ASX:SGP
21.6
67%
0.3
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
17%
N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
FR
Gecina SA
PAR:GFC
16.6
14%
1.2
US
S
STORE Capital Corp
LSE:0LA6
14.6
52%
0.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
JP
N
Nomura Real Estate Master Fund Inc
TSE:3462
Average EV/EBIT: 31
30
N/A N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-7%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
19%
N/A
US
WP Carey Inc
NYSE:WPC
24.8
14%
1.8
ZA
A
Attacq Ltd
JSE:ATT
Not Available
12%
N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
68.7
N/A N/A
AU
Stockland Corporation Ltd
ASX:SGP
21.6
60%
0.4
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available N/A N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
FR
Gecina SA
PAR:GFC
17.3
24%
0.7
US
S
STORE Capital Corp
LSE:0LA6
23.3
54%
0.4

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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