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Market Cap

JP¥610.1b

Last Updated

2021/04/11 08:21 UTC

Data Sources

Company Financials +

Executive Summary

Open House Co., Ltd. operates in the real estate and other businesses. More Details


Snowflake Analysis

Solid track record with adequate balance sheet.

Share Price & News

How has Open House's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3288 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 3288's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

1.7%

3288

-0.3%

JP Consumer Durables

-0.5%

JP Market


1 Year Return

117.1%

3288

67.6%

JP Consumer Durables

37.5%

JP Market

Return vs Industry: 3288 exceeded the JP Consumer Durables industry which returned 67.4% over the past year.

Return vs Market: 3288 exceeded the JP Market which returned 39.2% over the past year.


Shareholder returns

3288IndustryMarket
7 Day1.7%-0.3%-0.5%
30 Day6.2%7.5%1.8%
90 Day24.6%13.2%5.2%
1 Year121.8%117.1%70.1%67.6%40.5%37.5%
3 Year67.6%55.2%49.5%40.9%21.1%12.7%
5 Year381.0%323.8%132.2%110.6%59.5%41.9%

Long-Term Price Volatility Vs. Market

How volatile is Open House's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Open House undervalued compared to its fair value and its price relative to the market?

8.88x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 3288 (¥4895) is trading above our estimate of fair value (¥1237.39)

Significantly Below Fair Value: 3288 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 3288 is good value based on its PE Ratio (8.9x) compared to the JP Consumer Durables industry average (12.6x).

PE vs Market: 3288 is good value based on its PE Ratio (8.9x) compared to the JP market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: 3288 is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: 3288 is overvalued based on its PB Ratio (2.5x) compared to the JP Consumer Durables industry average (1x).


Future Growth

How is Open House forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

7.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3288's forecast earnings growth (7.2% per year) is above the savings rate (0%).

Earnings vs Market: 3288's earnings (7.2% per year) are forecast to grow slower than the JP market (16.5% per year).

High Growth Earnings: 3288's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3288's revenue (11.5% per year) is forecast to grow faster than the JP market (5.7% per year).

High Growth Revenue: 3288's revenue (11.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3288's Return on Equity is forecast to be low in 3 years time (18.6%).


Past Performance

How has Open House performed over the past 5 years?

26.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3288 has high quality earnings.

Growing Profit Margin: 3288's current net profit margins (10.7%) are higher than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: 3288's earnings have grown significantly by 26.9% per year over the past 5 years.

Accelerating Growth: 3288's earnings growth over the past year (48.6%) exceeds its 5-year average (26.9% per year).

Earnings vs Industry: 3288 earnings growth over the past year (48.6%) exceeded the Consumer Durables industry -6.8%.


Return on Equity

High ROE: Whilst 3288's Return on Equity (26.58%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Open House's financial position?


Financial Position Analysis

Short Term Liabilities: 3288's short term assets (¥507.0B) exceed its short term liabilities (¥169.1B).

Long Term Liabilities: 3288's short term assets (¥507.0B) exceed its long term liabilities (¥163.1B).


Debt to Equity History and Analysis

Debt Level: 3288's debt to equity ratio (113.6%) is considered high.

Reducing Debt: 3288's debt to equity ratio has reduced from 174.6% to 113.6% over the past 5 years.

Debt Coverage: 3288's debt is not well covered by operating cash flow (17.7%).

Interest Coverage: 3288's interest payments on its debt are well covered by EBIT (29x coverage).


Balance Sheet


Dividend

What is Open House current dividend yield, its reliability and sustainability?

1.80%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3288's dividend (1.8%) is higher than the bottom 25% of dividend payers in the JP market (1.2%).

High Dividend: 3288's dividend (1.8%) is low compared to the top 25% of dividend payers in the JP market (2.78%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 3288 has been paying a dividend for less than 10 years.

Growing Dividend: 3288's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.5%), 3288's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.6yrs

Average management tenure


CEO

Masaaki Arai (55 yo)

23.58yrs

Tenure

JP¥162,000,000

Compensation

Mr. Masaaki Arai has been the President of Open House Co.,Ltd. since September 1997. Mr. Arai joined Unihouse Corp. in October 1987. He has been Representative Director of Open House Co., Ltd. since Septem...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Masaaki's total compensation is reasonable compared to companies of similar size in the JP market.

Compensation vs Earnings: Insufficient data to compare Masaaki's compensation with company performance.


Leadership Team

Experienced Management: 3288's management team is seasoned and experienced (7.6 years average tenure).


Board Members

Experienced Board: 3288's board of directors are seasoned and experienced ( 10.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.7%.


Top Shareholders

Company Information

Open House Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Open House Co., Ltd.
  • Ticker: 3288
  • Exchange: TSE
  • Founded: 1996
  • Industry: Homebuilding
  • Sector: Consumer Durables
  • Market Cap: JP¥610.080b
  • Shares outstanding: 124.63m
  • Website: https://oh.openhouse-group.com

Number of Employees


Location

  • Open House Co., Ltd.
  • Marunouchi Building
  • 12th Floor
  • Tokyo
  • 100-6312
  • Japan

Listings


Biography

Open House Co., Ltd. operates in the real estate and other businesses. It provides real estate sales agency/brokerage services. The company also sells newly built detached houses and residential land; and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 08:21
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.