Mitsui Fudosan Logistics Park Inc.

TSE:3471 Stock Report

Market Cap: JP¥243.2b

Mitsui Fudosan Logistics Park Valuation

Is 3471 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 3471 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3471 (¥101600) is trading above our estimate of fair value (¥81266.33)

Significantly Below Fair Value: 3471 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3471?

Key metric: As 3471 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3471. This is calculated by dividing 3471's market cap by their current earnings.
What is 3471's PE Ratio?
PE Ratio28.2x
EarningsJP¥8.77b
Market CapJP¥243.20b

Price to Earnings Ratio vs Peers

How does 3471's PE Ratio compare to its peers?

The above table shows the PE ratio for 3471 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21x
8967 Japan Logistics Fund
24.4x2.5%JP¥247.6b
3466 LaSalle LOGIPORT REIT
20.7x-1.0%JP¥268.0b
3249 Industrial & Infrastructure Fund Investment
18.4x2.0%JP¥293.7b
3481 Mitsubishi Estate Logistics REIT Investment
20.5xn/aJP¥174.7b
3471 Mitsui Fudosan Logistics Park
28.2x9.6%JP¥243.2b

Price-To-Earnings vs Peers: 3471 is expensive based on its Price-To-Earnings Ratio (28.2x) compared to the peer average (21x).

Price to Earnings Ratio vs Industry

How does 3471's PE Ratio compare vs other companies in the Asian Industrial REITs Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
3471 28.2xIndustry Avg. 20.7xNo. of Companies6PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3471 is expensive based on its Price-To-Earnings Ratio (28.2x) compared to the Asian Industrial REITs industry average (20.7x).

Price to Earnings Ratio vs Fair Ratio

What is 3471'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.

3471 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.2x
Fair PE Ratio23.5x

Price-To-Earnings vs Fair Ratio: 3471 is expensive based on its Price-To-Earnings Ratio (28.2x) compared to the estimated Fair Price-To-Earnings Ratio (23.5x).

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 3471 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥101,600.00
JP¥124,916.67
+22.9%
6.8%JP¥136,250.00JP¥116,000.00n/a3
Nov ’25JP¥101,500.00
JP¥129,375.00
+27.5%
5.3%JP¥136,250.00JP¥122,500.00n/a2
Oct ’25JP¥105,875.00
JP¥128,125.00
+21.0%
4.4%JP¥133,750.00JP¥122,500.00n/a2
Sep ’25JP¥109,875.00
JP¥128,125.00
+16.6%
4.4%JP¥133,750.00JP¥122,500.00n/a2
Aug ’25JP¥105,375.00
JP¥124,250.00
+17.9%
5.8%JP¥133,750.00JP¥116,500.00n/a3
Jul ’25JP¥107,750.00
JP¥127,166.67
+18.0%
8.7%JP¥142,500.00JP¥116,500.00n/a3
Jun ’25JP¥110,250.00
JP¥127,166.67
+15.3%
8.7%JP¥142,500.00JP¥116,500.00n/a3
May ’25JP¥112,375.00
JP¥127,166.67
+13.2%
8.7%JP¥142,500.00JP¥116,500.00n/a3
Apr ’25JP¥112,250.00
JP¥128,562.50
+14.5%
8.1%JP¥142,500.00JP¥115,500.00n/a4
Mar ’25JP¥106,500.00
JP¥142,083.33
+33.4%
4.7%JP¥150,000.00JP¥133,750.00n/a3
Feb ’25JP¥110,500.00
JP¥142,083.33
+28.6%
4.7%JP¥150,000.00JP¥133,750.00n/a3
Jan ’25JP¥114,375.00
JP¥142,083.33
+24.2%
4.7%JP¥150,000.00JP¥133,750.00n/a3
Dec ’24JP¥115,000.00
JP¥135,625.00
+17.9%
9.3%JP¥150,000.00JP¥116,250.00n/a4
Nov ’24JP¥113,625.00
JP¥135,625.00
+19.4%
9.3%JP¥150,000.00JP¥116,250.00JP¥101,500.004
Oct ’24JP¥117,750.00
JP¥140,562.50
+19.4%
4.5%JP¥150,000.00JP¥133,750.00JP¥105,875.004
Sep ’24JP¥122,500.00
JP¥140,875.00
+15.0%
6.6%JP¥155,000.00JP¥130,000.00JP¥109,875.004
Aug ’24JP¥123,875.00
JP¥142,375.00
+14.9%
6.2%JP¥155,000.00JP¥130,000.00JP¥105,375.004
Jul ’24JP¥125,000.00
JP¥141,125.00
+12.9%
6.5%JP¥155,000.00JP¥130,000.00JP¥107,750.004
Jun ’24JP¥124,125.00
JP¥141,125.00
+13.7%
6.5%JP¥155,000.00JP¥130,000.00JP¥110,250.004
May ’24JP¥127,250.00
JP¥141,125.00
+10.9%
6.5%JP¥155,000.00JP¥130,000.00JP¥112,375.004
Apr ’24JP¥116,250.00
JP¥138,125.00
+18.8%
8.1%JP¥155,000.00JP¥126,250.00JP¥112,250.004
Mar ’24JP¥111,125.00
JP¥141,875.00
+27.7%
7.3%JP¥155,000.00JP¥126,250.00JP¥106,500.004
Feb ’24JP¥114,375.00
JP¥143,937.50
+25.8%
5.1%JP¥155,000.00JP¥134,500.00JP¥110,500.004
Jan ’24JP¥120,250.00
JP¥146,750.00
+22.0%
5.4%JP¥155,000.00JP¥134,500.00JP¥114,375.004
Dec ’23JP¥122,500.00
JP¥144,000.00
+17.6%
5.1%JP¥152,500.00JP¥134,500.00JP¥115,000.003
Nov ’23JP¥126,500.00
JP¥144,000.00
+13.8%
5.1%JP¥152,500.00JP¥134,500.00JP¥113,625.003

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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