Financials GLP J-REIT

Equities

3281

JP3047510007

Commercial REITs

Delayed Japan Exchange 22:30:00 2024-06-27 EDT 5-day change 1st Jan Change
130,400 JPY -1.14% Intraday chart for GLP J-REIT -1.95% -7.19%

Valuation

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 524,412 749,716 770,547 674,307 582,340 646,011 - -
Enterprise Value (EV) 1 783,942 1,015,416 1,045,110 1,013,339 940,332 1,000,592 1,003,562 996,723
P/E ratio 28.4 x 33.7 x 37.5 x 22.1 x 21.7 x 26.2 x 26.8 x 26.4 x
Yield 3.96% 3.37% 3.62% 4.32% 5.03% 4.28% 4.21% 4.26%
Capitalization / Revenue 13.5 x 17.9 x 15.8 x 13.2 x 10.8 x 12.4 x 12.4 x 12.3 x
EV / Revenue 20.2 x 24.3 x 21.5 x 19.8 x 17.5 x 19.2 x 19.2 x 19 x
EV / EBITDA 27.7 x 32.7 x 29.1 x 28.1 x 24.8 x 27.8 x 27.5 x 27 x
EV / FCF 27.7 x -9.17 x -134 x -36.2 x -64 x 27.6 x 29.9 x 29.8 x
FCF Yield 3.6% -10.9% -0.75% -2.76% -1.56% 3.62% 3.34% 3.36%
Price to Book 1.65 x 1.92 x 1.88 x 1.47 x 1.25 x 1.41 x 1.44 x 1.45 x
Nbr of stocks (in thousands) 3,833 4,344 4,490 4,712 4,898 4,898 - -
Reference price 2 136,800 172,600 171,600 143,100 118,900 131,900 131,900 131,900
Announcement Date 20-04-15 21-04-14 22-04-13 23-04-14 24-04-15 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 38,733 41,871 48,643 51,241 53,779 52,080 52,188 52,477
EBITDA 1 28,308 31,030 35,886 36,040 37,913 36,049 36,431 36,870
EBIT 1 20,773 23,249 27,312 27,433 28,903 26,830 27,227 27,651
Operating Margin 53.63% 55.53% 56.15% 53.54% 53.75% 51.52% 52.17% 52.69%
Earnings before Tax (EBT) 1 18,490 20,612 20,283 29,582 26,740 24,670 23,713 23,827
Net income 1 18,488 20,610 20,281 29,580 26,739 24,570 23,975 24,308
Net margin 47.73% 49.22% 41.69% 57.73% 49.72% 47.18% 45.94% 46.32%
EPS 2 4,822 5,126 4,577 6,486 5,491 5,028 4,926 4,995
Free Cash Flow 1 28,257 -110,687 -7,818 -27,999 -14,683 36,243 33,541 33,475
FCF margin 72.95% -264.35% -16.07% -54.64% -27.3% 69.59% 64.27% 63.79%
FCF Conversion (EBITDA) 99.82% - - - - 100.54% 92.07% 90.79%
FCF Conversion (Net income) 152.84% - - - - 147.51% 139.9% 137.71%
Dividend per Share 2 5,411 5,820 6,217 6,185 5,984 5,648 5,558 5,621
Announcement Date 20-04-15 21-04-14 22-04-13 23-04-14 24-04-15 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1 2026 S2 2027 S1
Net sales 1 18,841 19,893 21,978 23,855 24,787 24,875 26,366 27,955 25,824 26,170 25,888 26,184 25,899 26,648
EBITDA 1 13,686 14,651 16,379 17,313 18,573 17,342 18,698 19,836 18,077 18,753 20,241 17,837 - -
EBIT 1 9,920 10,881 12,368 13,062 14,250 13,090 14,343 15,325 13,578 13,481 13,336 13,529 13,318 13,790
Operating Margin 52.65% 54.7% 56.27% 54.76% 57.49% 52.62% 54.4% 54.82% 52.58% 51.51% 51.51% 51.67% 51.42% 51.75%
Earnings before Tax (EBT) 1 8,877 9,697 10,915 11,763 8,520 16,458 13,124 14,036 12,705 12,535 11,847 11,845 11,700 12,020
Net income 1 8,875 9,695 10,914 11,761 8,519 16,456 13,123 14,035 12,704 12,559 11,805 11,844 11,699 12,019
Net margin 47.1% 48.74% 49.66% 49.3% 34.37% 66.16% 49.77% 50.21% 49.19% 47.99% 45.6% 45.23% 45.17% 45.1%
EPS 2 2,315 2,495 2,631 2,680 1,897 3,664 2,822 2,907 2,584 2,562 2,408 2,422 2,362 2,506
Dividend per Share 2 2,609 2,831 2,989 3,048 3,169 3,051 3,134 3,224 2,760 2,878 2,729 2,756 2,752 2,844
Announcement Date 20-04-15 20-10-13 21-04-14 21-10-13 22-04-13 22-10-12 23-04-14 23-10-13 24-04-15 - - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 259,530 265,699 274,562 339,032 357,992 354,581 357,552 350,712
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 9.168 x 8.563 x 7.651 x 9.407 x 9.442 x 9.836 x 9.814 x 9.512 x
Free Cash Flow 1 28,257 -110,687 -7,818 -27,999 -14,683 36,243 33,541 33,475
ROE (net income / shareholders' equity) 5.82% 5.67% 5.07% 4.15% 5.89% 5.32% 5.49% 5.66%
ROA (Net income/ Total Assets) 3.04% 3.1% 2.66% 2.18% 3.09% 3.1% 3.1% 3.1%
Assets 1 608,674 664,844 761,846 1,355,310 864,926 792,585 773,394 784,129
Book Value Per Share 2 82,984 89,809 91,390 97,159 95,011 93,642 91,368 91,228
Cash Flow per Share 2 7,756 6,907 9,418 8,352 9,617 7,400 6,848 6,835
Capex 1 1,479 139,338 49,551 66,089 61,515 11,150 3,485 3,519
Capex / Sales 3.82% 332.78% 101.87% 128.98% 114.39% 21.41% 6.68% 6.71%
Announcement Date 20-04-15 21-04-14 22-04-13 23-04-14 24-04-15 - - -
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings