Japan Logistics Fund, Inc.

TSE:8967 Stock Report

Market Cap: JP¥247.6b

Japan Logistics Fund Valuation

Is 8967 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 8967 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8967 (¥266000) is trading above our estimate of fair value (¥173894.25)

Significantly Below Fair Value: 8967 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8967?

Key metric: As 8967 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 8967. This is calculated by dividing 8967's market cap by their current earnings.
What is 8967's PE Ratio?
PE Ratio24.3x
EarningsJP¥10.18b
Market CapJP¥247.57b

Price to Earnings Ratio vs Peers

How does 8967's PE Ratio compare to its peers?

The above table shows the PE ratio for 8967 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.8x
3466 LaSalle LOGIPORT REIT
20.7x-1.0%JP¥268.0b
3249 Industrial & Infrastructure Fund Investment
18.4x2.0%JP¥293.7b
3471 Mitsui Fudosan Logistics Park
27.7x9.6%JP¥243.2b
3481 Mitsubishi Estate Logistics REIT Investment
20.4xn/aJP¥174.7b
8967 Japan Logistics Fund
24.3x2.5%JP¥247.6b

Price-To-Earnings vs Peers: 8967 is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the peer average (21.8x).

Price to Earnings Ratio vs Industry

How does 8967's PE Ratio compare vs other companies in the Asian Industrial REITs Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
8967 24.3xIndustry Avg. 20.7xNo. of Companies6PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 8967 is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the Asian Industrial REITs industry average (20.9x).

Price to Earnings Ratio vs Fair Ratio

What is 8967'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.

8967 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.3x
Fair PE Ratio21.8x

Price-To-Earnings vs Fair Ratio: 8967 is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the estimated Fair Price-To-Earnings Ratio (21.8x).

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 8967 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥266,000.00
JP¥326,833.33
+22.9%
5.4%JP¥352,000.00JP¥298,000.00n/a6
Nov ’25JP¥272,700.00
JP¥321,666.67
+18.0%
4.3%JP¥340,000.00JP¥298,000.00n/a6
Oct ’25JP¥273,800.00
JP¥321,666.67
+17.5%
4.3%JP¥340,000.00JP¥298,000.00n/a6
Sep ’25JP¥261,900.00
JP¥313,800.00
+19.8%
5.0%JP¥340,000.00JP¥298,000.00n/a5
Aug ’25JP¥255,600.00
JP¥313,800.00
+22.8%
5.0%JP¥340,000.00JP¥298,000.00n/a5
Jul ’25JP¥264,300.00
JP¥323,800.00
+22.5%
4.4%JP¥340,000.00JP¥298,000.00n/a5
Jun ’25JP¥271,600.00
JP¥323,800.00
+19.2%
4.4%JP¥340,000.00JP¥298,000.00n/a5
May ’25JP¥280,700.00
JP¥319,750.00
+13.9%
4.1%JP¥332,000.00JP¥298,000.00n/a4
Apr ’25JP¥271,700.00
JP¥317,833.33
+17.0%
8.8%JP¥360,000.00JP¥271,000.00n/a6
Mar ’25JP¥256,800.00
JP¥327,600.00
+27.6%
6.0%JP¥360,000.00JP¥300,000.00n/a5
Feb ’25JP¥269,400.00
JP¥327,600.00
+21.6%
6.0%JP¥360,000.00JP¥300,000.00n/a5
Jan ’25JP¥286,000.00
JP¥327,200.00
+14.4%
6.0%JP¥360,000.00JP¥300,000.00n/a5
Dec ’24JP¥285,500.00
JP¥321,000.00
+12.4%
7.0%JP¥360,000.00JP¥290,000.00n/a6
Nov ’24JP¥279,500.00
JP¥321,000.00
+14.8%
7.0%JP¥360,000.00JP¥290,000.00JP¥272,700.006
Oct ’24JP¥289,900.00
JP¥332,000.00
+14.5%
6.3%JP¥360,000.00JP¥300,000.00JP¥273,800.006
Sep ’24JP¥305,500.00
JP¥334,833.33
+9.6%
7.9%JP¥380,000.00JP¥300,000.00JP¥261,900.006
Aug ’24JP¥296,800.00
JP¥336,200.00
+13.3%
8.5%JP¥380,000.00JP¥300,000.00JP¥255,600.005
Jul ’24JP¥312,500.00
JP¥336,200.00
+7.6%
8.5%JP¥380,000.00JP¥300,000.00JP¥264,300.005
Jun ’24JP¥318,500.00
JP¥336,200.00
+5.6%
8.5%JP¥380,000.00JP¥300,000.00JP¥271,600.005
May ’24JP¥320,500.00
JP¥336,200.00
+4.9%
8.5%JP¥380,000.00JP¥300,000.00JP¥280,700.005
Apr ’24JP¥294,500.00
JP¥312,800.00
+6.2%
6.5%JP¥345,000.00JP¥284,000.00JP¥271,700.005
Mar ’24JP¥289,900.00
JP¥322,400.00
+11.2%
6.8%JP¥345,000.00JP¥284,000.00JP¥256,800.005
Feb ’24JP¥298,000.00
JP¥330,600.00
+10.9%
3.4%JP¥345,000.00JP¥320,000.00JP¥269,400.005
Jan ’24JP¥313,500.00
JP¥334,600.00
+6.7%
3.0%JP¥345,000.00JP¥320,000.00JP¥286,000.005
Dec ’23JP¥319,000.00
JP¥334,600.00
+4.9%
3.0%JP¥345,000.00JP¥320,000.00JP¥285,500.005
Nov ’23JP¥328,000.00
JP¥336,333.33
+2.5%
3.0%JP¥345,000.00JP¥320,000.00JP¥279,500.006

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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