Japan Real Estate Investment Corp
TSE:8952
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its 3-Year Average (31.1), the stock would be worth ¥130 700 (10% upside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 28.3 | ¥118 700 |
0%
|
| 3-Year Average | 31.1 | ¥130 700 |
+10%
|
| 5-Year Average | 29.1 | ¥122 263.02 |
+3%
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| Industry Average | 21.7 | ¥91 255.73 |
-23%
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| Country Average | 22.4 | ¥93 920.61 |
-21%
|
Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| JP |
|
Japan Real Estate Investment Corp
TSE:8952
|
844.5B JPY | 28.3 | 23 | |
| US |
|
Boston Properties Inc
NYSE:BXP
|
9.3B USD | -27.1 | 29.5 | |
| FR |
|
Covivio SA
PAR:COV
|
6.2B EUR | 15.2 | 8.4 | |
| JP |
|
Nippon Building Fund Inc
TSE:8951
|
1.1T JPY | 55.5 | 26.4 | |
| US |
|
COPT Defense Properties
NYSE:CDP
|
7B USD | 14 | 44.8 | |
| US |
|
Alexandria Real Estate Equities Inc
NYSE:ARE
|
6.9B USD | -13.9 | -4.9 | |
| US |
|
Vornado Realty Trust
NYSE:VNO
|
5.7B USD | -6.9 | 6.8 | |
| AU |
|
Dexus
ASX:DXS
|
6.7B AUD | 8.8 | 13.1 | |
| SG |
|
Keppel REIT
SGX:K71U
|
4.4B | 0 | 0 | |
| US |
|
Cousins Properties Inc
NYSE:CUZ
|
4.3B USD | -576.4 | 105.6 | |
| JP |
|
Kenedix Office Investment Corp
TSE:8972
|
654.8B JPY | 11.2 | 19.4 |
Market Distribution
| Min | 0.1 |
| 30th Percentile | 14.9 |
| Median | 22.4 |
| 70th Percentile | 35 |
| Max | 736 044 589.7 |
Other Multiples
Japan Real Estate Investment Corp
Glance View
Japan Real Estate Investment Corporation (JRE) stands as a prominent figure in the Japanese real estate sector, deftly navigating the complexities of a market deeply rooted in cultural nuances and economic intricacies. Founded in May 2001, JRE became the first real estate investment trust listed on the Tokyo Stock Exchange, marking a new era for institutional investors in Japan. The company thrives by acquiring and managing high-quality office properties in prime urban locations, primarily within Tokyo and other major cities. Its strategy emphasizes stability and growth potential by selecting buildings with stable tenants and long-term lease contracts. This approach ensures a consistent income stream, enabling JRE to distribute attractive dividends to its investors. The corporation's success lies in its meticulous asset management and strategic property acquisitions that balance opportunities and risks. By focusing on office spaces, JRE taps into Japan's economic hubs where business activities thrive. The company's revenue model centers on leasing properties to a diverse range of tenants, from multinational corporations to local businesses. These leasing activities generate rental income, which JRE uses to maintain and upgrade its property portfolio, thereby enhancing the value of its assets. Through prudent financial management and a conservative investment strategy, JRE not only preserves capital but also positions itself for sustainable growth, demonstrating resilience amidst market fluctuations. The company’s ability to maintain high occupancy rates and secure long-term leases stands as a testament to its expertise and strategic foresight in navigating the competitive landscape of Japanese real estate.