| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 1/6 |
| Dividends | 6/6 |
8976 Stock Overview
Daiwa Office Investment Corporation is a REIT focused on investment and management of office buildings in the Central 5wards of Tokyo.
Daiwa Office Investment Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | JP¥696,000.00 |
| 52 Week High | JP¥807,000.00 |
| 52 Week Low | JP¥631,000.00 |
| Beta | 0.68 |
| 1 Month Change | 1.02% |
| 3 Month Change | -8.18% |
| 1 Year Change | -11.34% |
| 3 Year Change | -11.45% |
| 5 Year Change | 26.55% |
| Change since IPO | 51.97% |
Recent News & Updates
Shareholder Returns
| 8976 | JP REITs | JP Market | |
|---|---|---|---|
| 7D | 2.8% | 2.8% | 0.3% |
| 1Y | -11.3% | -8.9% | -5.7% |
Return vs Industry: 8976 underperformed the JP REITs industry which returned -7.5% over the past year.
Return vs Market: 8976 underperformed the JP Market which returned -3.9% over the past year.
Price Volatility
| 8976 volatility | |
|---|---|
| 8976 Average Weekly Movement | 2.5% |
| REITs Industry Average Movement | 2.5% |
| Market Average Movement | 4.2% |
| 10% most volatile stocks in JP Market | 8.4% |
| 10% least volatile stocks in JP Market | 2.2% |
Stable Share Price: 8976 is less volatile than 75% of JP stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 8976's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2005 | n/a | n/a | https://www.daiwa-office.co.jp |
Daiwa Office Investment Corporation is a REIT focused on investment and management of office buildings in the Central 5wards of Tokyo.
Daiwa Office Investment Fundamentals Summary
| 8976 fundamental statistics | |
|---|---|
| Market Cap | JP¥335.84b |
| Earnings (TTM) | JP¥14.35b |
| Revenue (TTM) | JP¥28.94b |
23.4x
P/E Ratio11.6x
P/S RatioIs 8976 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 8976 income statement (TTM) | |
|---|---|
| Revenue | JP¥28.94b |
| Cost of Revenue | JP¥12.97b |
| Gross Profit | JP¥15.97b |
| Other Expenses | JP¥1.62b |
| Earnings | JP¥14.35b |
Last Reported Earnings
Nov 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 29.74k |
| Gross Margin | 55.19% |
| Net Profit Margin | 49.59% |
| Debt/Equity Ratio | 79.8% |
How did 8976 perform over the long term?
See historical performance and comparisonDividends
4.0%
Current Dividend Yield65%
Payout RatioValuation
Is 8976 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 8976?
Other financial metrics that can be useful for relative valuation.
| What is 8976's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | JP¥335.84b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 17.7x |
| Enterprise Value/EBITDA | 26.7x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does 8976's PE Ratio compare to its peers?
| 8976 PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 25.3x | ||
3234 Mori Hills REIT Investment | 26.3x | n/a | JP¥291.9b |
8955 Japan Prime Realty Investment | 24.8x | n/a | JP¥397.4b |
8972 Kenedix Office Investment | 23.5x | n/a | JP¥291.8b |
8954 ORIX JREIT | 26.6x | n/a | JP¥508.4b |
8976 Daiwa Office Investment | 23.4x | n/a | JP¥335.8b |
Price-To-Earnings vs Peers: 8976 is good value based on its Price-To-Earnings Ratio (23.4x) compared to the peer average (25.3x).
Price to Earnings Ratio vs Industry
How does 8976's PE Ratio compare vs other companies in the JP REITs Industry?
Price-To-Earnings vs Industry: 8976 is good value based on its Price-To-Earnings Ratio (23.4x) compared to the JP REITs industry average (26.2x)
Price to Earnings Ratio vs Fair Ratio
What is 8976'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 23.4x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 8976's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 8976 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 8976 (¥696000) is trading above our estimate of fair value (¥624860.27)
Significantly Below Fair Value: 8976 is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 8976's PEG Ratio to determine if it is good value.
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Future Growth
How is Daiwa Office Investment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
3.8%
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Daiwa Office Investment has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Daiwa Office Investment is a dividend payer. Have a look at its current yield, dividend levels over time and whether analysts believe the payout ratio will be sustainable moving forward.
Past Performance
How has Daiwa Office Investment performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
7.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 8976 has high quality earnings.
Growing Profit Margin: 8976's current net profit margins (49.6%) are higher than last year (48%).
Past Earnings Growth Analysis
Earnings Trend: 8976's earnings have grown by 7.4% per year over the past 5 years.
Accelerating Growth: 8976's earnings growth over the past year (0.7%) is below its 5-year average (7.4% per year).
Earnings vs Industry: 8976 earnings growth over the past year (0.7%) underperformed the REITs industry 5.1%.
Return on Equity
High ROE: 8976's Return on Equity (5.7%) is considered low.
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Financial Health
How is Daiwa Office Investment's financial position?
Financial Health Score
1/6Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 8976's short term assets (¥30.9B) do not cover its short term liabilities (¥38.7B).
Long Term Liabilities: 8976's short term assets (¥30.9B) do not cover its long term liabilities (¥190.9B).
Debt to Equity History and Analysis
Debt Level: 8976's net debt to equity ratio (69.3%) is considered high.
Reducing Debt: 8976's debt to equity ratio has increased from 79.6% to 79.8% over the past 5 years.
Debt Coverage: 8976's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: 8976's interest payments on its debt are well covered by EBIT (15.4x coverage).
Balance Sheet
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Dividend
What is Daiwa Office Investment current dividend yield, its reliability and sustainability?
Dividend Score
5/6Dividend Score 5/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
4.02%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 8976's dividend (4.02%) is higher than the bottom 25% of dividend payers in the JP market (1.67%).
High Dividend: 8976's dividend (4.02%) is in the top 25% of dividend payers in the JP market (3.67%)
Stability and Growth of Payments
Stable Dividend: 8976's dividends per share have been stable in the past 10 years.
Growing Dividend: 8976's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (65.2%), 8976's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (74.4%), 8976's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
6.8yrs
Average board tenure
CEO
Daiwa Office Investment has no CEO, or we have no data on them.
Board Members
Experienced Board: 8976's board of directors are considered experienced (6.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Daiwa Office Investment Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Daiwa Office Investment Corporation
- Ticker: 8976
- Exchange: TSE
- Founded: 2005
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: JP¥335.840b
- Shares outstanding: 482.53k
- Website: https://www.daiwa-office.co.jp
Location
- Daiwa Office Investment Corporation
- 6-2-1 Ginza
- Chuo-ku
- Tokyo
- 104-0061
- Japan
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/30 00:00 |
| End of Day Share Price | 2022/06/30 00:00 |
| Earnings | 2021/11/30 |
| Annual Earnings | 2021/11/30 |
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 here.