Company Valuation: Japan Logistics Fund, Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 287,813 276,557 253,895 248,318 277,637 261,709 - -
Change - -3.91% -8.19% -2.2% 11.81% -5.74% - -
Enterprise Value (EV) 1 388,809 383,259 358,308 351,264 382,437 367,558 365,886 364,034
Change - -1.43% -6.51% -1.97% 8.87% -3.89% -0.46% -0.51%
P/E 34.6x 29x 26.3x 23.4x 22.2x 22.8x 21.1x 20.5x
PBR 2.14x 1.93x 1.78x 1.76x 1.97x 1.87x 1.87x 1.88x
PEG - 2.6x 17.54x 2x 1.2x -2.79x 2.55x 6.7x
Capitalization / Revenue 15.6x 14x 12.5x 11.6x 11.8x 12.8x 12.4x 12.1x
EV / Revenue 21.1x 19.4x 17.7x 16.4x 16.2x 18x 17.3x 16.8x
EV / EBITDA 30.2x 26.9x 25x 22.9x 22.4x 24.1x 23.5x 23.4x
EV / EBIT 42.6x 36.8x 34x 30.3x 28.5x 31.1x 29.5x 28.7x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 3,224 3,397 3,458 10,878 4,450 4,427 4,618 4,799
Rate of return 3.04% 3.44% 3.8% 12.1% 4.4% 4.65% 4.85% 5.04%
EPS 2 3,065 3,402 3,453 3,848 4,546 4,175 4,520 4,658
Distribution rate 105% 99.8% 100% 283% 97.9% 106% 102% 103%
Net sales 1 18,424 19,769 20,287 21,453 23,586 20,427 21,158 21,619
EBITDA 1 12,894 14,242 14,327 15,341 17,072 15,230 15,603 15,563
EBIT 1 9,122 10,414 10,540 11,599 13,415 11,828 12,401 12,689
Net income 1 8,321 9,518 9,672 10,724 12,505 11,455 12,387 12,765
Net Debt 1 100,995 106,701 104,413 102,946 104,800 105,849 104,176 102,324
Reference price 2 106,000.00 98,700.00 90,933.33 89,900.00 101,100.00 95,300.00 95,300.00 95,300.00
Nbr of stocks (in thousands) 2,715 2,802 2,792 2,762 2,746 2,746 - -
Announcement Date 3/16/22 3/14/23 3/15/24 3/12/25 3/17/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.47x17.79x23.86x4.72% 1.59B
43.51x19.2x24.89x3.05% 131B
26.58x21.41x24.57x0.94% 45.54B
35.01x16.07x22.74x3.11% 10.99B
27.55x13.66x20.25x3.13% 8.37B
26.84x10.93x15.53x5.21% 7.5B
34.97x11.87x16.27x3.95% 7.47B
15.48x13.25x17.37x4.37% 7.15B
33.57x15.6x23.81x3.26% 6.94B
10.91x18.47x18.86x5.77% 5.96B
Average 27.69x 15.82x 20.82x 3.75% 23.26B
Weighted average by Cap. 36.27x 18.46x 23.55x 2.87%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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