Tokaido REIT Valuation

Q: What is the Fair Price of AI70 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

AI70 (€650) is trading below our estimate of [[fair value]] (€659.41)

Is AI70 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AI70 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AI70 (€650) is trading below our estimate of fair value (€659.41)

Significantly Below Fair Value: AI70 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AI70?

Key metric: As AI70 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AI70. This is calculated by dividing AI70's market cap by their current earnings.
What is AI70's PE Ratio?
PE Ratio	18.3x
Earnings	JP¥1.62b
Market Cap	JP¥29.71b

AI70 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	17.1x
Enterprise Value/EBITDA	24.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does AI70's PE Ratio compare to its peers?

The above table shows the PE ratio for AI70 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	25.8x
HABA Hamborner REIT	63x	11.0%	€515.7m
AEWU AEW UK REIT	16.8x	n/a	UK£152.1m
OCT Octodec Investments	9.4x	n/a	R3.3b
BAITAKREIT KFH Capital REIT	14x	n/a	د.ك63.1m
AI70 Tokaido REIT	18.3x	n/a	€29.7b

Price-To-Earnings vs Peers: AI70 is good value based on its Price-To-Earnings Ratio (18.3x) compared to the peer average (25.8x).

Price to Earnings Ratio vs Industry

How does AI70's PE Ratio compare vs other companies in the European REITs Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: AI70 is good value based on its Price-To-Earnings Ratio (18.3x) compared to the European REITs industry average (22.2x).

Price to Earnings Ratio vs Fair Ratio

What is AI70's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AI70 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	18.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AI70's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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