Heiwa Real Estate REIT Inc
TSE:8966

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Heiwa Real Estate REIT Inc Logo
Heiwa Real Estate REIT Inc
TSE:8966
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Price: 117 000 JPY 1.12% Market Closed
Market Cap: 139.8B JPY
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Relative Value

The Relative Value of one Heiwa Real Estate REIT Inc stock under the Base Case scenario is 169 281.49 JPY. Compared to the current market price of 117 000 JPY, Heiwa Real Estate REIT Inc is Undervalued by 31%.

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
169 281.49 JPY
Undervaluation 31%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

7.7
P/S
P/S
Price to Sales
7.7
vs History
87
vs Industry
19
Median 3Y
10.3
Median 5Y
10.2
Industry
3.6
Forward
7.6
More Details
17
P/E
P/E
Price to Earnings
17
vs History
92
vs Industry
26
Median 3Y
23.6
Median 5Y
23.6
Industry
16.7
Forward
16.8
More Details
10.7
P/OCF
P/OCF
Price to OCF
10.7
vs History
82
vs Industry
29
Median 3Y
13.5
Median 5Y
12.9
Industry
10.9
More Details
235.2
P/FCFE
P/FCFE
Price to FCFE
235.2
vs History
7
vs Industry
10
Median 3Y
36.7
Median 5Y
40.3
Industry
13.3
More Details
1.1
P/B
P/B
Price to Book Value
1.1
vs History
82
vs Industry
25
Median 3Y
1.4
Median 5Y
1.4
Industry
0.8
More Details
12.8
EV/S
EV/S
Enterprise Value to Sales
12.8
vs History
82
vs Industry
18
Median 3Y
15.5
Median 5Y
15
Industry
6.6
Forward
12.6
More Details
23.6
EV/GP
EV/GP
Enterprise Value to Gross Profit
23.6
vs History
88
vs Industry
13
Median 3Y
29.4
Median 5Y
28.7
Industry
11.9
More Details
20.2
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
20.2
vs History
84
vs Industry
22
Median 3Y
24.6
Median 5Y
23.8
Industry
15.8
Forward
0
More Details
24.8
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
24.8
vs History
88
vs Industry
23
Median 3Y
30.9
Median 5Y
30.3
Industry
19
More Details
17.7
EV/OCF
EV/OCF
Enterprise Value to OCF
17.7
vs History
69
vs Industry
31
Median 3Y
19.3
Median 5Y
18.9
Industry
18.5
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
Median 3Y
-30.2
Median 5Y
-21
Industry
20.1
More Details
1
EV/IC
EV/IC
Enterprise Value to IC
1
vs History
82
vs Industry
22
Median 3Y
1.1
Median 5Y
1.1
Industry
0.7
More Details

Multiples Across Competitors

Competitors Multiples
Heiwa Real Estate REIT 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
Heiwa Real Estate REIT Inc
TSE:8966
134.5B JPY 7.7 17 20.2 24.8
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
Heiwa Real Estate REIT Inc
TSE:8966
Average P/S: 10.3
7.7
-1%
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
Heiwa Real Estate REIT Inc
TSE:8966
Average P/E: 27.3
17
-15%
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
Heiwa Real Estate REIT Inc
TSE:8966
Average EV/EBITDA: 23.7
20.2
N/A 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
Heiwa Real Estate REIT Inc
TSE:8966
Average EV/EBIT: 30.1
24.8
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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