Sekisui House Reit, Inc.

TSE:3309 Stock Report

Market Cap: JP¥321.2b

Sekisui House Reit Valuation

Is 3309 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 3309 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3309 (¥73300) is trading above our estimate of fair value (¥66285.3)

Significantly Below Fair Value: 3309 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3309?

Key metric: As 3309 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3309. This is calculated by dividing 3309's market cap by their current earnings.
What is 3309's PE Ratio?
PE Ratio26.1x
EarningsJP¥12.36b
Market CapJP¥321.16b

Price to Earnings Ratio vs Peers

How does 3309's PE Ratio compare to its peers?

The above table shows the PE ratio for 3309 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.2x
3279 Activia Properties
16.4xn/aJP¥261.4b
8960 United Urban Investment
20.2x0.5%JP¥435.4b
8984 Daiwa House REIT Investment
26x5.1%JP¥532.3b
3295 Hulic Reit
18.3x-2.3%JP¥190.7b
3309 Sekisui House Reit
26x4.4%JP¥321.2b

Price-To-Earnings vs Peers: 3309 is expensive based on its Price-To-Earnings Ratio (26x) compared to the peer average (20.2x).

Price to Earnings Ratio vs Industry

How does 3309's PE Ratio compare vs other companies in the JP REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
3309 26.1xIndustry Avg. 18.1xNo. of Companies7PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3309 is expensive based on its Price-To-Earnings Ratio (26x) compared to the JP REITs industry average (18.1x).

Price to Earnings Ratio vs Fair Ratio

What is 3309'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.

3309 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.1x
Fair PE Ratio22.5x

Price-To-Earnings vs Fair Ratio: 3309 is expensive based on its Price-To-Earnings Ratio (26x) compared to the estimated Fair Price-To-Earnings Ratio (22.5x).

Analyst Price Targets

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

The above table shows the analyst 3309 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥73,600.00
JP¥82,600.00
+12.2%
9.4%JP¥90,000.00JP¥68,000.00n/a5
Nov ’25JP¥72,500.00
JP¥84,400.00
+16.4%
10.5%JP¥93,000.00JP¥68,000.00n/a5
Oct ’25JP¥76,800.00
JP¥83,600.00
+8.9%
10.1%JP¥93,000.00JP¥68,000.00n/a5
Sep ’25JP¥84,000.00
JP¥83,600.00
-0.5%
10.1%JP¥93,000.00JP¥68,000.00n/a5
Aug ’25JP¥78,700.00
JP¥83,833.33
+6.5%
9.2%JP¥93,000.00JP¥68,000.00n/a6
Jul ’25JP¥78,800.00
JP¥82,333.33
+4.5%
2.3%JP¥85,000.00JP¥79,000.00n/a6
Jun ’25JP¥81,900.00
JP¥82,333.33
+0.5%
2.3%JP¥85,000.00JP¥79,000.00n/a6
May ’25JP¥81,400.00
JP¥82,333.33
+1.1%
2.3%JP¥85,000.00JP¥79,000.00n/a6
Apr ’25JP¥81,000.00
JP¥82,333.33
+1.6%
2.3%JP¥85,000.00JP¥79,000.00n/a6
Mar ’25JP¥74,100.00
JP¥82,400.00
+11.2%
2.1%JP¥85,000.00JP¥80,000.00n/a5
Feb ’25JP¥77,500.00
JP¥82,400.00
+6.3%
2.1%JP¥85,000.00JP¥80,000.00n/a5
Jan ’25JP¥77,100.00
JP¥82,500.00
+7.0%
2.6%JP¥85,000.00JP¥79,000.00n/a4
Dec ’24JP¥79,800.00
JP¥83,800.00
+5.0%
3.9%JP¥89,000.00JP¥79,000.00n/a5
Nov ’24JP¥79,600.00
JP¥83,800.00
+5.3%
3.9%JP¥89,000.00JP¥79,000.00JP¥72,500.005
Oct ’24JP¥83,300.00
JP¥83,800.00
+0.6%
3.9%JP¥89,000.00JP¥79,000.00JP¥76,800.005
Sep ’24JP¥84,100.00
JP¥83,800.00
-0.4%
3.9%JP¥89,000.00JP¥79,000.00JP¥84,000.005
Aug ’24JP¥84,200.00
JP¥81,200.00
-3.6%
4.0%JP¥85,000.00JP¥76,000.00JP¥78,700.005
Jul ’24JP¥83,900.00
JP¥80,600.00
-3.9%
3.9%JP¥85,000.00JP¥76,000.00JP¥78,800.005
Jun ’24JP¥81,000.00
JP¥77,000.00
-4.9%
3.3%JP¥80,000.00JP¥74,000.00JP¥81,900.005
May ’24JP¥77,600.00
JP¥77,000.00
-0.8%
3.3%JP¥80,000.00JP¥74,000.00JP¥81,400.005
Apr ’24JP¥71,900.00
JP¥79,400.00
+10.4%
6.4%JP¥89,000.00JP¥75,000.00JP¥81,000.005
Mar ’24JP¥70,700.00
JP¥79,400.00
+12.3%
6.4%JP¥89,000.00JP¥75,000.00JP¥74,100.005
Feb ’24JP¥70,900.00
JP¥81,200.00
+14.5%
5.9%JP¥89,000.00JP¥76,000.00JP¥77,500.005
Jan ’24JP¥74,600.00
JP¥85,800.00
+15.0%
2.3%JP¥89,000.00JP¥84,000.00JP¥77,100.005
Dec ’23JP¥78,800.00
JP¥85,600.00
+8.6%
1.9%JP¥88,000.00JP¥84,000.00JP¥79,800.005
Nov ’23JP¥81,500.00
JP¥85,600.00
+5.0%
1.9%JP¥88,000.00JP¥84,000.00JP¥79,600.005

Analyst Forecast: Target price is less than 20% higher than the current share price.

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