Kenedix Retail REIT Corporation

TSE:3453 Stock Report

Market Cap: JP¥161.4b

Kenedix Retail REIT Valuation

Is 3453 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 3453 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3453 (¥268000) is trading above our estimate of fair value (¥83652.37)

Significantly Below Fair Value: 3453 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3453?

Other financial metrics that can be useful for relative valuation.

3453 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/Revenue14.8x
Enterprise Value/EBITDA24.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 3453's PE Ratio compare to its peers?

The above table shows the PE ratio for 3453 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.4x
8968 Fukuoka REIT
22.4x-1.3%JP¥135.1b
8964 Frontier Real Estate Investment
21xn/aJP¥248.3b
3292 AEON REIT Investment
21x1.6%JP¥293.3b
8953 Japan Metropolitan Fund Investment
20.9x1.6%JP¥666.8b
3453 Kenedix Retail REIT
21xn/aJP¥161.4b

Price-To-Earnings vs Peers: 3453 is good value based on its Price-To-Earnings Ratio (21x) compared to the peer average (21.5x).

Price to Earnings Ratio vs Industry

How does 3453's PE Ratio compare vs other companies in the Asian Retail REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.5%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.5%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: 3453 is expensive based on its Price-To-Earnings Ratio (21x) compared to the Asian Retail REITs industry average (14.7x).

Price to Earnings Ratio vs Fair Ratio

What is 3453'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.

3453 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 3453'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?

The above table shows the analyst 3453 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
JP¥270,000.00
0%
3.7%JP¥280,000.00JP¥260,000.00n/a2
Apr ’25n/a
JP¥270,000.00
0%
3.7%JP¥280,000.00JP¥260,000.00n/a2
Mar ’25n/a
JP¥270,000.00
0%
3.7%JP¥280,000.00JP¥260,000.00n/a2
Feb ’25n/a
JP¥270,000.00
0%
3.7%JP¥280,000.00JP¥260,000.00n/a2
Jan ’25n/a
JP¥270,000.00
0%
3.7%JP¥280,000.00JP¥260,000.00n/a2
Dec ’24n/a
JP¥270,000.00
0%
3.7%JP¥280,000.00JP¥260,000.00n/a2
Nov ’24JP¥268,000.00
JP¥270,000.00
+0.7%
3.7%JP¥280,000.00JP¥260,000.00n/a2
Oct ’24JP¥289,100.00
JP¥282,750.00
-2.2%
8.2%JP¥321,000.00JP¥260,000.00n/a4
Sep ’24JP¥291,000.00
JP¥282,750.00
-2.8%
8.2%JP¥321,000.00JP¥260,000.00n/a4
Aug ’24JP¥280,200.00
JP¥285,800.00
+2.0%
7.6%JP¥321,000.00JP¥260,000.00n/a5
Jul ’24JP¥290,500.00
JP¥276,000.00
-5.0%
4.6%JP¥298,000.00JP¥260,000.00n/a5
Jun ’24JP¥247,500.00
JP¥275,833.33
+11.4%
4.2%JP¥298,000.00JP¥260,000.00n/a6
May ’24JP¥243,200.00
JP¥281,166.67
+15.6%
4.4%JP¥298,000.00JP¥260,000.00n/a6
Apr ’24JP¥234,900.00
JP¥281,166.67
+19.7%
4.4%JP¥298,000.00JP¥260,000.00n/a6
Mar ’24JP¥244,900.00
JP¥285,666.67
+16.6%
2.8%JP¥298,000.00JP¥272,000.00n/a6
Feb ’24JP¥243,500.00
JP¥285,666.67
+17.3%
2.8%JP¥298,000.00JP¥272,000.00n/a6
Jan ’24JP¥254,400.00
JP¥287,833.33
+13.1%
1.9%JP¥298,000.00JP¥280,000.00n/a6
Dec ’23JP¥259,300.00
JP¥291,166.67
+12.3%
2.0%JP¥300,000.00JP¥285,000.00n/a6
Nov ’23JP¥270,300.00
JP¥298,166.67
+10.3%
3.2%JP¥312,000.00JP¥285,000.00JP¥268,000.006
Oct ’23JP¥267,500.00
JP¥300,666.67
+12.4%
2.5%JP¥312,000.00JP¥287,000.00JP¥289,100.006
Sep ’23JP¥284,900.00
JP¥300,666.67
+5.5%
2.5%JP¥312,000.00JP¥287,000.00JP¥291,000.006
Aug ’23JP¥284,100.00
JP¥300,666.67
+5.8%
2.5%JP¥312,000.00JP¥287,000.00JP¥280,200.006
Jul ’23JP¥271,300.00
JP¥301,166.67
+11.0%
2.7%JP¥315,000.00JP¥287,000.00JP¥290,500.006
Jun ’23JP¥277,900.00
JP¥301,166.67
+8.4%
2.7%JP¥315,000.00JP¥287,000.00JP¥247,500.006
May ’23JP¥273,900.00
JP¥301,166.67
+10.0%
2.7%JP¥315,000.00JP¥287,000.00JP¥243,200.006

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

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