Fukuoka REIT Corp (TSE:8968)

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Price: 140 700 JPY 0.5%

Market Cap: 122.4B JPY

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Section:

Relative Value

The Relative Value of one Fukuoka REIT Corp stock under the Base Case scenario is 206 275.49 JPY. Compared to the current market price of 140 700 JPY, Fukuoka REIT Corp is Undervalued by 32%.

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.

What is Relative Valuation?

How is Relative Value calculated?

Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

5.9

P/S

vs History	82
vs Industry	29

Median 5Y

7.1

Industry

3.6

Forward

More Details

17.9

P/E

vs History	84
vs Industry	25

Median 5Y

22.3

Industry

16.7

Forward

17.9

More Details

12.9

P/OCF

vs History	68
vs Industry	21

Median 5Y

14.1

Industry

10.9

More Details

66.1

P/FCFE

vs History	12
vs Industry	16

Median 5Y

23.2

Industry

13.3

More Details

1.1

P/B

vs History	80
vs Industry	26

Median 5Y

1.3

Industry

0.8

More Details

10.6

EV/S

vs History	68
vs Industry	26

Median 5Y

Industry

6.6

Forward

10.7

More Details

18.9

EV/GP

vs History	77
vs Industry	20

Median 5Y

20.1

Industry

11.9

More Details

19.4

EV/EBITDA

vs History	77
vs Industry	24

Median 5Y

20.7

Industry

15.8

Forward

20.2

More Details

28.1

EV/EBIT

vs History	82
vs Industry	18

Median 5Y

30.6

Industry

More Details

23.1

EV/OCF

vs History	42
vs Industry	20

Median 5Y

23.2

Industry

18.5

More Details

Negative

EV/FCFF

vs History
vs Industry	10

Median 5Y

37.6

Industry

20.1

More Details

EV/IC

vs History	79
vs Industry	23

Median 5Y

Industry

0.7

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

		Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
JP	Fukuoka REIT Corp TSE:8968	112B JPY	5.9	17.9	19.4	28.1
US	Simon Property Group Inc NYSE:SPG	56B USD	9.5	22.9	18.1	26
US	Realty Income Corp NYSE:O	46.2B USD	9.2	53.3	16.4	32.2
US	Kimco Realty Corp NYSE:KIM	14.5B USD	8.1	23.2	19.6	36.6
US	Regency Centers Corp NASDAQ:REG	13.4B USD	9.3	34.3	20.1	35.7
SG	CapitaLand Integrated Commercial Trust SGX:C38U	13B	0	0	0	0
AU	Scentre Group ASX:SCG	18.1B AUD	7.1	42	18.4	18.4
HK	Link Real Estate Investment Trust HKEX:823	83.1B HKD	5.9	-36.3	13.5	13.5
US	Federal Realty Investment Trust NYSE:FRT	9.5B USD	8	33.4	18.5	33.8
FR	Klepierre SA PAR:LI	8B EUR	5.5	11.8	15.5	15.5
US	Brixmor Property Group Inc NYSE:BRX	8.3B USD	5.2	19.9	13.7	22.1

			Revenue Growth	P/S to Growth
JP	Fukuoka REIT Corp TSE:8968	Average P/S: 7.4 5.9	N/A	N/A
US	Simon Property Group Inc NYSE:SPG	9.5	2%	4.8
US	Realty Income Corp NYSE:O	9.2	44%	0.2
US	Kimco Realty Corp NYSE:KIM	8.1	23%	0.4
US	Regency Centers Corp NASDAQ:REG	9.3	21%	0.4
SG	CapitaLand Integrated Commercial Trust SGX:C38U	Not Available	8%	N/A
AU	Scentre Group ASX:SCG	7.1	1%	6.2
HK	Link Real Estate Investment Trust HKEX:823	5.9	9%	0.6
US	Federal Realty Investment Trust NYSE:FRT	8	18%	0.5
FR	Klepierre SA PAR:LI	5.5	-10%	N/A
US	Brixmor Property Group Inc NYSE:BRX	5.2	14%	0.4

			Earnings Growth	P/E to Growth
JP	Fukuoka REIT Corp TSE:8968	Average P/E: 28.7 17.9	N/A	N/A
US	Simon Property Group Inc NYSE:SPG	22.9	-4%	N/A
US	Realty Income Corp NYSE:O	53.3	70%	0.8
US	Kimco Realty Corp NYSE:KIM	23.2	-16%	N/A
US	Regency Centers Corp NASDAQ:REG	34.3	14%	2.5
SG	CapitaLand Integrated Commercial Trust SGX:C38U	Not Available	3%	N/A
AU	Scentre Group ASX:SCG	42	615%	0.1
HK	Link Real Estate Investment Trust HKEX:823	Negative Multiple: -36.3	N/A	N/A
US	Federal Realty Investment Trust NYSE:FRT	33.4	21%	1.6
FR	Klepierre SA PAR:LI	11.8	307%	0
US	Brixmor Property Group Inc NYSE:BRX	19.9	4%	4.4

			EBITDA Growth	EV/EBITDA to Growth
JP	Fukuoka REIT Corp TSE:8968	Average EV/EBITDA: 17.3 19.4	N/A	N/A
US	Simon Property Group Inc NYSE:SPG	18.1	11%	1.6
US	Realty Income Corp NYSE:O	16.4	49%	0.3
US	Kimco Realty Corp NYSE:KIM	19.6	36%	0.5
US	Regency Centers Corp NASDAQ:REG	20.1	26%	0.8
SG	CapitaLand Integrated Commercial Trust SGX:C38U	Not Available	9%	N/A
AU	Scentre Group ASX:SCG	18.4	31%	0.6
HK	Link Real Estate Investment Trust HKEX:823	13.5	6%	2.4
US	Federal Realty Investment Trust NYSE:FRT	18.5	19%	1
FR	Klepierre SA PAR:LI	15.5	13%	1.2
US	Brixmor Property Group Inc NYSE:BRX	13.7	18%	0.8

			EBIT Growth	EV/EBIT to Growth
JP	Fukuoka REIT Corp TSE:8968	Average EV/EBIT: 26.2 28.1	N/A	N/A
US	Simon Property Group Inc NYSE:SPG	26	19%	1.3
US	Realty Income Corp NYSE:O	32.2	58%	0.6
US	Kimco Realty Corp NYSE:KIM	36.6	50%	0.7
US	Regency Centers Corp NASDAQ:REG	35.7	49%	0.7
SG	CapitaLand Integrated Commercial Trust SGX:C38U	Not Available	9%	N/A
AU	Scentre Group ASX:SCG	18.4	30%	0.6
HK	Link Real Estate Investment Trust HKEX:823	13.5	9%	1.6
US	Federal Realty Investment Trust NYSE:FRT	33.8	18%	1.9
FR	Klepierre SA PAR:LI	15.5	15%	1
US	Brixmor Property Group Inc NYSE:BRX	22.1	9%	2.3

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	Palantir Technologies Inc NYSE:PLTR	Technology
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	3M Co NYSE:MMM	Industrial Conglomerates
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication

	Johnson & Johnson NYSE:JNJ	US
	Berkshire Hathaway Inc NYSE:BRK.A	US
	Bank of America Corp NYSE:BAC	US
	Mastercard Inc NYSE:MA	US
	UnitedHealth Group Inc NYSE:UNH	US
	Exxon Mobil Corp NYSE:XOM	US
	Pfizer Inc NYSE:PFE	US
	Palantir Technologies Inc NYSE:PLTR	US
	Nike Inc NYSE:NKE	US
	Visa Inc NYSE:V	US
	Alibaba Group Holding Ltd NYSE:BABA	CN
	3M Co NYSE:MMM	US
	JPMorgan Chase & Co NYSE:JPM	US
	Coca-Cola Co NYSE:KO	US
	Walmart Inc NYSE:WMT	US
	Verizon Communications Inc NYSE:VZ	US

	Franklin Covey Co NYSE:FC	36.41 USD -1.03%
	Mohawk Industries Inc NYSE:MHK	119.16 USD 2%
	Ardmore Shipping Corp NYSE:ASC	11.31 USD 0.18%
	ASGN Inc NYSE:ASGN	83.87 USD -0.97%
	Skyworks Solutions Inc NASDAQ:SWKS	88.75 USD 0.56%
	Weatherford International PLC NASDAQ:WFRD	67.1 USD -2.13%

	Johnson & Johnson NYSE:JNJ	144.47 USD 0.62%
	Bank of America Corp NYSE:BAC	44.17 USD 1.82%
	Mastercard Inc NYSE:MA	528.03 USD 0.91%
	Salesforce Inc NYSE:CRM	343.65 USD 2.21%
	Abbvie Inc NYSE:ABBV	175.58 USD 2.37%
	Home Depot Inc NYSE:HD	392.6 USD 1.97%

	Arista Networks Inc NYSE:ANET	112.81 USD 3.43%
	Visa Inc NYSE:V	317.71 USD 0.9%
	Texas Pacific Land Corp NYSE:TPL	1 133.12 USD 3.36%
	KLA Corp NASDAQ:KLAC	629.37 USD 1.16%
	Manhattan Associates Inc NASDAQ:MANH	280.26 USD -0.81%
	Pinduoduo Inc NASDAQ:PDD	99.51 USD -1.48%

Fukuoka REIT Corp
TSE:8968

Relative Value

Valuation Multiples

Multiples Across Competitors

Competitors Multiples
Fukuoka REIT Corp Competitors

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52 Week Range	139 600 176 000
Price Target

Fukuoka REIT Corp TSE:8968

Relative Value

Valuation Multiples

Multiples Across Competitors

Competitors Multiples Fukuoka REIT Corp Competitors

See Also

Company

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Tools

Stocks

Fukuoka REIT Corp
TSE:8968

Competitors Multiples
Fukuoka REIT Corp Competitors