KDX Realty Investment Corporation

TSE:8972 Stock Report

Market Cap: JP¥659.2b

KDX Realty Investment Valuation

Is 8972 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 8972 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8972 (¥161600) is trading above our estimate of fair value (¥51999.05)

Significantly Below Fair Value: 8972 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8972?

Other financial metrics that can be useful for relative valuation.

8972 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/Revenue21.2x
Enterprise Value/EBITDA32.8x
PEG Ratio-0.5x

Price to Earnings Ratio vs Peers

How does 8972's PE Ratio compare to its peers?

The above table shows the PE ratio for 8972 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.5x
3462 Nomura Real Estate Master Fund
22.5x-1.6%JP¥689.4b
8984 Daiwa House REIT Investment
25.2x2.4%JP¥544.5b
8960 United Urban Investment
20.7xn/aJP¥445.9b
3309 Sekisui House Reit
29.8x5.4%JP¥368.0b
8972 KDX Realty Investment
16.9x-32.0%JP¥659.2b

Price-To-Earnings vs Peers: 8972 is good value based on its Price-To-Earnings Ratio (16.9x) compared to the peer average (24.5x).

Price to Earnings Ratio vs Industry

How does 8972's PE Ratio compare vs other companies in the JP REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-7.1%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-7.1%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: 8972 is good value based on its Price-To-Earnings Ratio (16.9x) compared to the JP REITs industry average (19.3x).

Price to Earnings Ratio vs Fair Ratio

What is 8972'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.

8972 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.9x
Fair PE Ratio18.3x

Price-To-Earnings vs Fair Ratio: 8972 is good value based on its Price-To-Earnings Ratio (16.9x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).

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 8972 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥161,600.00
JP¥174,857.14
+8.2%
7.0%JP¥192,000.00JP¥157,000.00n/a7
Aug ’25JP¥153,600.00
JP¥176,142.86
+14.7%
6.6%JP¥192,000.00JP¥157,000.00n/a7
Jul ’25JP¥155,100.00
JP¥176,250.00
+13.6%
7.1%JP¥198,000.00JP¥157,000.00n/a8
Jun ’25JP¥151,500.00
JP¥168,562.50
+11.3%
18.1%JP¥198,000.00JP¥92,500.00n/a8
May ’25JP¥156,900.00
JP¥168,562.50
+7.4%
18.1%JP¥198,000.00JP¥92,500.00n/a8
Apr ’25JP¥158,500.00
JP¥167,750.00
+5.8%
17.7%JP¥192,000.00JP¥92,500.00n/a8
Mar ’25JP¥149,000.00
JP¥167,000.00
+12.1%
19.0%JP¥192,000.00JP¥92,500.00n/a7
Feb ’25JP¥158,100.00
JP¥167,000.00
+5.6%
19.0%JP¥192,000.00JP¥92,500.00n/a7
Jan ’25JP¥160,800.00
JP¥167,000.00
+3.9%
19.0%JP¥192,000.00JP¥92,500.00n/a7
Dec ’24JP¥168,400.00
JP¥173,571.43
+3.1%
20.1%JP¥200,000.00JP¥92,500.00n/a7
Nov ’24JP¥163,900.00
JP¥163,750.00
-0.09%
25.0%JP¥200,000.00JP¥92,500.00n/a5
Oct ’24JP¥173,000.00
JP¥182,250.00
+5.3%
11.1%JP¥200,000.00JP¥142,750.00n/a5
Sep ’24JP¥173,500.00
JP¥182,250.00
+5.0%
11.1%JP¥200,000.00JP¥142,750.00n/a5
Aug ’24JP¥168,000.00
JP¥182,250.00
+8.5%
11.1%JP¥200,000.00JP¥142,750.00JP¥153,600.005
Jul ’24JP¥173,250.00
JP¥182,125.00
+5.1%
10.1%JP¥200,000.00JP¥142,750.00JP¥155,100.006
Jun ’24JP¥150,250.00
JP¥178,656.25
+18.9%
9.9%JP¥200,000.00JP¥142,750.00JP¥151,500.008
May ’24JP¥150,500.00
JP¥178,656.25
+18.7%
9.9%JP¥200,000.00JP¥142,750.00JP¥156,900.008
Apr ’24JP¥153,250.00
JP¥178,968.75
+16.8%
9.9%JP¥200,000.00JP¥142,750.00JP¥158,500.008
Mar ’24JP¥159,000.00
JP¥178,968.75
+12.6%
9.9%JP¥200,000.00JP¥142,750.00JP¥149,000.008
Feb ’24JP¥155,750.00
JP¥178,968.75
+14.9%
9.9%JP¥200,000.00JP¥142,750.00JP¥158,100.008
Jan ’24JP¥160,000.00
JP¥184,500.00
+15.3%
9.8%JP¥205,000.00JP¥142,750.00JP¥160,800.008
Dec ’23JP¥166,500.00
JP¥184,718.75
+10.9%
9.8%JP¥205,000.00JP¥142,750.00JP¥168,400.008
Nov ’23JP¥172,500.00
JP¥185,343.75
+7.4%
9.9%JP¥205,000.00JP¥142,750.00JP¥163,900.008
Oct ’23JP¥170,250.00
JP¥185,156.25
+8.8%
9.8%JP¥205,000.00JP¥142,750.00JP¥173,000.008
Sep ’23JP¥178,250.00
JP¥184,357.84
+3.4%
9.7%JP¥205,000.00JP¥142,750.00JP¥173,500.008
Aug ’23JP¥180,500.00
JP¥182,482.84
+1.1%
8.9%JP¥202,500.00JP¥142,750.00JP¥168,000.008

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

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