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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 0.6x - 0.7x | 0.6x |
Selected Fwd Ps Multiple | 0.5x - 0.6x | 0.6x |
Fair Value | ¥2,290 - ¥2,531 | ¥2,410 |
Upside | 4.6% - 15.6% | 10.1% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Early Age Co., Ltd. | 324,800.0% | TSE:3248 |
LA Holdings Co., Ltd. | 298,600.0% | TSE:2986 |
Sun Frontier Fudousan Co., Ltd. | 893,400.0% | TSE:8934 |
Relo Group, Inc. | 887,600.0% | TSE:8876 |
Sumitomo Realty & Development Co., Ltd. | 883,000.0% | TSE:8830 |
Yoshicon Co.,Ltd. | 528,000.0% | TSE:5280 |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
3248 | 2986 | 8934 | 8876 | 8830 | 5280 | |||
TSE:3248 | TSE:2986 | TSE:8934 | TSE:8876 | TSE:8830 | TSE:5280 | |||
Historical Sales Growth | ||||||||
5Y CAGR | 6.2% | 30.8% | 7.1% | -14.5% | 0.0% | 9.4% | ||
3Y CAGR | 12.2% | 45.0% | 13.1% | -3.0% | 2.6% | 11.0% | ||
Latest Twelve Months | -31.5% | 66.8% | 48.9% | 5.5% | -3.7% | 16.7% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 9.3% | 11.4% | 12.0% | 7.7% | 17.0% | 8.1% | ||
Prior Fiscal Year | 9.5% | 10.5% | 14.9% | -21.0% | 18.3% | 8.8% | ||
Latest Fiscal Year | 11.2% | 10.5% | 13.7% | 30.3% | 18.9% | 11.0% | ||
Latest Twelve Months | 7.2% | 13.1% | 14.2% | 16.4% | 19.2% | 12.4% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 14.5x | 11.1x | 5.8x | 5.8x | 16.2x | 4.5x | ||
Price / LTM Sales | 0.8x | 1.1x | 0.9x | 1.9x | 2.8x | 0.6x | ||
LTM P/E Ratio | 11.4x | 10.1x | 6.6x | 11.6x | 14.5x | 4.7x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.8x | 1.1x | 2.8x | |||||
Historical LTM P/S Ratio | 0.3x | 0.5x | 0.7x | |||||
Selected Price / Sales Multiple | 0.6x | 0.6x | 0.7x | |||||
(x) LTM Sales | 26,599 | 26,599 | 26,599 | |||||
(=) Equity Value | 15,663 | 16,487 | 17,312 | |||||
(/) Shares Outstanding | 7.0 | 7.0 | 7.0 | |||||
Implied Value Range | 2,236.49 | 2,354.20 | 2,471.91 | |||||
FX Rate: JPY/JPY | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 2,236.49 | 2,354.20 | 2,471.91 | 2,190.00 | ||||
Upside / (Downside) | 2.1% | 7.5% | 12.9% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | 3248 | 2986 | 8934 | 8876 | 8830 | 5280 | |
Value of Common Equity | 2,691 | 49,619 | 107,551 | 273,681 | 2,773,307 | 15,337 | |
(/) Shares Outstanding | 3.2 | 7.4 | 48.5 | 149.7 | 465.4 | 7.0 | |
Implied Stock Price | 846.00 | 6,690.00 | 2,218.00 | 1,828.50 | 5,959.00 | 2,190.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 846.00 | 6,690.00 | 2,218.00 | 1,828.50 | 5,959.00 | 2,190.00 | |
Trading Currency | JPY | JPY | JPY | JPY | JPY | JPY | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |