Mitsui Fudosan Logistics Park Inc.

TSE:3471 Stock Report

Market Cap: JP¥323.9b

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.

Discounted Cash Flow
Simply Wall St
JP¥90.68k
Fair Value
9.8% overvalued intrinsic discount
4
Number of Analysts

Below Fair Value: 3471 (¥99600) is trading above our estimate of fair value (¥90676.15)

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 Ratio36.8x
EarningsJP¥0
Market CapJP¥323.90b

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 Average20.9x
3249 Industrial & Infrastructure Fund Investment
18.2x2.1%JP¥292.4b
3466 LaSalle LOGIPORT REIT
20.2x-0.2%JP¥255.3b
8967 Japan Logistics Fund
23.6x2.5%JP¥240.9b
3281 GLP J-REIT
21.6x-1.9%JP¥608.6b
3471 Mitsui Fudosan Logistics Park
36.8x1.8%JP¥323.9b

Price-To-Earnings vs Peers: 3471 is expensive based on its Price-To-Earnings Ratio (36.8x) compared to the peer average (20.9x).

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 36.8xIndustry Avg. 20.2xNo. of Companies5PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3471 is expensive based on its Price-To-Earnings Ratio (36.8x) compared to the Asian Industrial REITs industry average (20.2x).

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 Ratio36.8x
Fair PE Ratio21.2x

Price-To-Earnings vs Fair Ratio: 3471 is expensive based on its Price-To-Earnings Ratio (36.8x) compared to the estimated Fair Price-To-Earnings Ratio (21.2x).

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¥99,600.00
JP¥124,125.00
+24.6%
5.2%JP¥135,000.00JP¥119,000.00n/a4
Jan ’26JP¥101,500.00
JP¥123,687.50
+21.9%
6.2%JP¥136,250.00JP¥116,000.00n/a4
Dec ’25JP¥101,200.00
JP¥124,916.67
+23.4%
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¥133,750.00JP¥102,100.003
Jan ’25JP¥114,375.00
JP¥142,083.33
+24.2%
4.7%JP¥150,000.00JP¥133,750.00JP¥101,500.003
Dec ’24JP¥115,000.00
JP¥135,625.00
+17.9%
9.3%JP¥150,000.00JP¥116,250.00JP¥101,200.004
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
Analyst Price Target
Consensus Narrative from 4 Analysts
JP¥124.13k
Fair Value
19.8% undervalued intrinsic discount
4
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 08:02
End of Day Share Price 2025/02/07 00:00
Earnings2024/10/31
Annual Earnings2024/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mitsui Fudosan Logistics Park Inc. is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Noritaka HoboDaiwa Securities Co. Ltd.
Yasuhiro IshiiMitsubishi UFJ Morgan Stanley Securities Company Limited
Yosuke OhataMizuho Securities Co., Ltd.