Financials Sekisui House Reit, Inc.

Equities

3309

JP3047820000

Diversified REITs

Market Closed - Japan Exchange 02:00:00 2024-05-10 am EDT 5-day change 1st Jan Change
81,100 JPY -0.49% Intraday chart for Sekisui House Reit, Inc. -1.34% +5.19%

Valuation

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 428,438 313,073 369,683 350,957 348,766 355,338 - -
Enterprise Value (EV) 1 647,994 502,339 581,533 597,783 571,183 539,913 522,436 504,692
P/E ratio 29.9 x 22.4 x 23.7 x 25.4 x 24.8 x 21.4 x 23.2 x 23.7 x
Yield 3.23% 4.59% 4.03% 4.26% 4.72% 4.78% 4.38% 4.29%
Capitalization / Revenue 15.8 x 10.6 x 11.4 x 11.5 x 11 x 8.12 x 10.5 x 10.6 x
EV / Revenue 24 x 17.1 x 18 x 19.6 x 17.9 x 12.3 x 15.5 x 15.1 x
EV / EBITDA 33.4 x 24.4 x 26 x 28.8 x 27 x 23.1 x 23.2 x 22.9 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.5 x 1.09 x 1.29 x 1.19 x 1.19 x 1.22 x 1.22 x 1.22 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 81,100 81,100 81,100
Announcement Date 12/13/19 12/15/20 12/15/21 12/15/22 12/21/23 - - -
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 12/13/19 12/15/20 12/15/21 12/15/22 12/21/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: October 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S2 2025 S1 2025 S2 2026 S1 2026 S2
Net sales 1 14,590 14,826 15,055 17,291 14,756 15,797 15,365 16,486 21,452 17,317 16,088 16,444 17,775
EBITDA 1 10,288 10,314 10,457 - 10,117 - 10,137 10,983 11,245 11,094 - - -
EBIT 1 7,874 7,868 7,989 9,413 7,625 8,078 7,508 8,343 12,631 9,377 8,442 8,482 9,047
Operating Margin 53.97% 53.07% 53.07% 54.44% 51.67% 51.14% 48.86% 50.61% 58.88% 54.15% 52.47% 51.59% 50.9%
Earnings before Tax (EBT) 1 6,991 6,993 7,104 8,521 6,746 7,205 6,637 7,411 11,434 8,258 7,276 7,360 7,808
Net income 1 6,991 6,992 7,103 8,520 6,745 7,204 6,637 7,408 11,434 8,257 7,275 7,359 7,805
Net margin 47.92% 47.16% 47.18% 49.27% 45.71% 45.6% 43.2% 44.94% 53.3% 47.68% 45.22% 44.75% 43.91%
EPS 2 1,630 1,630 1,656 1,986 1,522 1,636 1,514 1,690 2,650 1,891 1,680 1,680 1,781
Dividend per Share 2 1,665 1,685 1,675 1,803 1,698 1,714 1,781 1,976 1,740 1,750 1,702 1,721 1,819
Announcement Date 6/15/20 12/15/20 6/15/21 12/15/21 6/15/22 12/15/22 6/15/23 12/21/23 - - - - -
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 12/13/19 12/15/20 12/15/21 12/15/22 12/21/23 - - -
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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