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3290

One REIT TSE:3290 Stock Report

Last Price

JP¥275.30k

Market Cap

JP¥73.9b

7D

0.3%

1Y

-18.4%

Updated

15 Aug, 2022

Data

Company Financials
3290 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends4/6

3290 Stock Overview

One REIT, Inc. operates as a real estate investment trust.

One REIT Competitors

Price History & Performance

Summary of all time highs, changes and price drops for One REIT
Historical stock prices
Current Share PriceJP¥275,300.00
52 Week HighJP¥343,000.00
52 Week LowJP¥257,600.00
Beta0.69
1 Month Change2.65%
3 Month Change-1.15%
1 Year Change-18.43%
3 Year Change-11.19%
5 Year Change27.93%
Change since IPO26.58%

Recent News & Updates

Shareholder Returns

3290JP REITsJP Market
7D0.3%-0.5%1.2%
1Y-18.4%-6.0%-0.2%

Return vs Industry: 3290 underperformed the JP REITs industry which returned -6% over the past year.

Return vs Market: 3290 underperformed the JP Market which returned -0.2% over the past year.

Price Volatility

Is 3290's price volatile compared to industry and market?
3290 volatility
3290 Average Weekly Movement2.1%
REITs Industry Average Movement2.4%
Market Average Movement3.8%
10% most volatile stocks in JP Market7.8%
10% least volatile stocks in JP Market2.0%

Stable Share Price: 3290 is less volatile than 75% of JP stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 3290's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005n/aHirofumi Nabeyamahttps://www.one-reit.com

One REIT, Inc. operates as a real estate investment trust. It aims to achieve stable earnings and sustainable growth of its investment assets to maximize investment value from mid- to long-term perspectives, by investing in specific assets, including office buildings and commercial facilities in Tokyo metropolitan area, government-decreed cities and other major cities. The company was founded on June 25, 2013 and is headquartered in Tokyo, Japan.

One REIT Fundamentals Summary

How do One REIT's earnings and revenue compare to its market cap?
3290 fundamental statistics
Market CapJP¥73.91b
Earnings (TTM)JP¥4.58b
Revenue (TTM)JP¥9.27b

16.1x

P/E Ratio

8.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
3290 income statement (TTM)
RevenueJP¥9.27b
Cost of RevenueJP¥3.95b
Gross ProfitJP¥5.33b
Other ExpensesJP¥748.36m
EarningsJP¥4.58b

Last Reported Earnings

Feb 28, 2022

Next Earnings Date

n/a

Earnings per share (EPS)17.06k
Gross Margin57.45%
Net Profit Margin49.38%
Debt/Equity Ratio100.4%

How did 3290 perform over the long term?

See historical performance and comparison

Dividends

5.0%

Current Dividend Yield

27%

Payout Ratio

Does 3290 pay a reliable dividends?

See 3290 dividend history and benchmarks
When do you need to buy 3290 by to receive an upcoming dividend?
One REIT dividend dates
Ex Dividend DateAug 30 2022
Dividend Pay DateNov 21 2022
Days until Ex dividend14 days
Days until Dividend pay date97 days

Does 3290 pay a reliable dividends?

See 3290 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is 3290 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3290?

Other financial metrics that can be useful for relative valuation.

3290 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/Revenue14.3x
Enterprise Value/EBITDA21.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 3290's PE Ratio compare to its peers?

3290 PE Ratio vs Peers
The above table shows the PE ratio for 3290 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.2x
3476 MIRAI
19.9xn/aJP¥89.1b
8958 Global One Real Estate Investment
22.8xn/aJP¥105.0b
2972 SANKEI REAL ESTATE
16.7xn/aJP¥46.4b
8975 Ichigo Office REIT Investment
17.6xn/aJP¥129.5b
3290 One REIT
16.1xn/aJP¥73.9b

Price-To-Earnings vs Peers: 3290 is good value based on its Price-To-Earnings Ratio (16.1x) compared to the peer average (19.2x).


Price to Earnings Ratio vs Industry

How does 3290's PE Ratio compare vs other companies in the JP REITs Industry?

Price-To-Earnings vs Industry: 3290 is good value based on its Price-To-Earnings Ratio (16.1x) compared to the JP REITs industry average (26.5x)


Price to Earnings Ratio vs Fair Ratio

What is 3290'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.

3290 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 3290's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 3290 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3290 (¥275300) is trading below our estimate of fair value (¥1147775.36)

Significantly Below Fair Value: 3290 is trading below fair value by more than 20%.


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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Future Growth

How is One REIT forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.4%

Forecasted Real Estate industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as One REIT has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine whether One REIT is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has One REIT performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 3290 has high quality earnings.

Growing Profit Margin: 3290's current net profit margins (49.4%) are higher than last year (35.7%).


Past Earnings Growth Analysis

Earnings Trend: 3290's earnings have grown by 11.7% per year over the past 5 years.

Accelerating Growth: 3290's earnings growth over the past year (55.8%) exceeds its 5-year average (11.7% per year).

Earnings vs Industry: 3290 earnings growth over the past year (55.8%) exceeded the REITs industry 5.4%.


Return on Equity

High ROE: 3290's Return on Equity (7.5%) is considered low.


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Financial Health

How is One REIT's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 3290's short term assets (¥10.8B) exceed its short term liabilities (¥10.6B).

Long Term Liabilities: 3290's short term assets (¥10.8B) do not cover its long term liabilities (¥58.7B).


Debt to Equity History and Analysis

Debt Level: 3290's net debt to equity ratio (95.1%) is considered high.

Reducing Debt: 3290's debt to equity ratio has reduced from 120.1% to 100.4% over the past 5 years.

Debt Coverage: 3290's debt is well covered by operating cash flow (22%).

Interest Coverage: 3290's interest payments on its debt are well covered by EBIT (14.3x coverage).


Balance Sheet


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Dividend

What is One REIT current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.98%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 15 2022Ex Dividend DateAug 30 2022Dividend Pay DateNov 21 202283 days from Ex DividendBuy in the next 14 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 3290's dividend (4.98%) is higher than the bottom 25% of dividend payers in the JP market (1.63%).

High Dividend: 3290's dividend (4.98%) is in the top 25% of dividend payers in the JP market (3.59%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 3290 has been paying a dividend for less than 10 years.

Growing Dividend: 3290's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (26.8%), 3290's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (27.2%), 3290's dividend payments are well covered by cash flows.


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Management

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


CEO

Hirofumi Nabeyama

1.58yrs

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 11.9%.


Top Shareholders

Company Information

One REIT, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: One REIT, Inc.
  • Ticker: 3290
  • Exchange: TSE
  • Founded: 2005
  • Industry: Office REITs
  • Sector: Real Estate
  • Implied Market Cap: JP¥73.909b
  • Shares outstanding: 268.47k
  • Website: https://www.one-reit.com

Location

  • One REIT, Inc.
  • 2-1-3 Nihonbashi
  • Chuo-ku
  • Tokyo
  • 103-0027
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Earnings2022/02/28
Annual Earnings2022/02/28


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.