TOKYU FUDOSAN HOLDINGS CORPORATION Financials Tokyu Fudosan Holdings Corporation
Equities
3289
JP3569200003
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,074 JPY | +0.61% |
|
+2.83% | +19.09% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,75,900 | 3,72,456 | 4,71,068 | 4,84,820 | 4,56,777 | 7,64,716 | - | - |
| Enterprise Value (EV) 1 | 15,63,136 | 16,11,436 | 17,38,911 | 17,28,942 | 17,53,701 | 22,32,020 | 22,74,046 | 23,17,143 |
| P/E ratio | 11.6 x | 9.65 x | 21.7 x | 13.8 x | 9.45 x | 13 x | 10.6 x | 9.95 x |
| Yield | 2.34% | 3.09% | 2.44% | 2.52% | 3.7% | 2.48% | 3% | 3.32% |
| Capitalization / Revenue | 0.53 x | 0.39 x | 0.52 x | 0.49 x | 0.45 x | 0.81 x | 0.67 x | 0.64 x |
| EV / Revenue | 1.73 x | 1.67 x | 1.92 x | 1.75 x | 1.74 x | 2.02 x | 1.98 x | 1.95 x |
| EV / EBITDA | 14.9 x | 14.4 x | 18.1 x | 13 x | 10.9 x | 13.1 x | 12.7 x | 12.5 x |
| EV / FCF | -37.1 x | -11.3 x | -111 x | 38.7 x | 163 x | -103 x | -40.1 x | 422 x |
| FCF Yield | -2.69% | -8.88% | -0.9% | 2.58% | 0.61% | -0.97% | -2.5% | 0.24% |
| Price to Book | 0.85 x | 0.64 x | 0.79 x | 0.77 x | 0.66 x | 1.19 x | 0.96 x | 0.9 x |
| Nbr of stocks (in thousands) | 7,18,882 | 7,19,027 | 7,19,188 | 7,19,317 | 7,19,333 | 7,12,357 | - | - |
| Reference price 2 | 662.0 | 518.0 | 655.0 | 674.0 | 635.0 | 1,074 | 1,074 | 1,074 |
| Announcement Date | 10/05/19 | 20/05/20 | 11/05/21 | 11/05/22 | 10/05/23 | 10/05/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,01,884 | 9,63,198 | 9,07,735 | 9,89,049 | 10,05,836 | 11,03,047 | 11,47,564 | 11,87,606 |
| EBITDA 1 | 1,04,772 | 1,11,657 | 96,320 | 1,32,536 | 1,60,159 | 1,69,915 | 1,78,772 | 1,84,737 |
| EBIT 1 | 80,205 | 79,312 | 56,517 | 83,817 | 1,10,410 | 1,20,238 | 1,30,966 | 1,36,469 |
| Operating Margin | 8.89% | 8.23% | 6.23% | 8.47% | 10.98% | 10.9% | 11.41% | 11.49% |
| Earnings before Tax (EBT) 1 | 61,218 | 63,001 | 41,840 | 55,874 | 70,151 | 1,02,987 | 1,15,066 | 1,18,389 |
| Net income 1 | 37,459 | 38,611 | 21,668 | 35,133 | 48,227 | 68,545 | 72,607 | 76,681 |
| Net margin | 4.15% | 4.01% | 2.39% | 3.55% | 4.79% | 6.21% | 6.33% | 6.46% |
| EPS 2 | 56.84 | 53.70 | 30.13 | 48.84 | 67.21 | 96.40 | 101.6 | 107.9 |
| Free Cash Flow 1 | -42,092 | -1,43,019 | -15,620 | 44,667 | 10,765 | -21,725 | -56,772 | 5,487 |
| FCF margin | -4.67% | -14.85% | -1.72% | 4.52% | 1.07% | -1.97% | -4.95% | 0.46% |
| FCF Conversion (EBITDA) | - | - | - | 33.7% | 6.72% | - | - | 2.97% |
| FCF Conversion (Net income) | - | - | - | 127.14% | 22.32% | - | - | 7.16% |
| Dividend per Share 2 | 15.50 | 16.00 | 16.00 | 17.00 | 23.50 | 31.00 | 32.20 | 35.67 |
| Announcement Date | 10/05/19 | 20/05/20 | 11/05/21 | 11/05/22 | 10/05/23 | 10/05/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,12,504 | 5,50,694 | 3,83,889 | 5,23,846 | 2,24,454 | 4,11,757 | 2,22,362 | 3,54,930 | 5,77,292 | 2,20,305 | 2,24,705 | 4,45,010 | 1,96,732 | 3,64,094 | 2,53,104 | 2,37,592 | 4,90,696 | 2,27,125 | 3,85,226 | 6,12,351 | 2,56,563 | 2,56,619 | 5,09,000 | 2,33,303 | 3,77,443 | 6,09,700 |
| EBITDA | 44,877 | - | - | - | - | 57,323 | - | - | - | 35,749 | - | 70,135 | - | - | - | - | - | - | - | - | 37,700 | - | 55,300 | - | - | - |
| EBIT 1 | 31,682 | 47,630 | 16,968 | 39,549 | 22,802 | 33,509 | 19,705 | 30,603 | 50,308 | 24,888 | 20,988 | 45,876 | 16,120 | 48,414 | 34,527 | 23,517 | 58,044 | 17,309 | 44,885 | 62,194 | 27,958 | 26,381 | 51,400 | 21,732 | 56,404 | 85,400 |
| Operating Margin | 7.68% | 8.65% | 4.42% | 7.55% | 10.16% | 8.14% | 8.86% | 8.62% | 8.71% | 11.3% | 9.34% | 10.31% | 8.19% | 13.3% | 13.64% | 9.9% | 11.83% | 7.62% | 11.65% | 10.16% | 10.9% | 10.28% | 10.1% | 9.32% | 14.94% | 14.01% |
| Earnings before Tax (EBT) 1 | 25,335 | - | 7,384 | - | 21,002 | 27,783 | 17,905 | 10,186 | - | 22,523 | 18,588 | 41,111 | 10,499 | 18,541 | 32,604 | 20,864 | 53,468 | 13,712 | 35,807 | - | 27,000 | 22,000 | 47,700 | 20,000 | 48,000 | - |
| Net income 1 | 14,395 | 24,216 | 600 | 21,068 | 14,209 | 14,317 | 13,948 | 6,868 | - | 14,420 | 12,505 | 26,925 | 3,999 | 17,303 | 25,293 | 13,053 | 38,346 | 7,105 | 23,094 | 30,199 | 17,138 | 13,101 | 28,710 | 11,364 | 32,285 | 44,830 |
| Net margin | 3.49% | 4.4% | 0.16% | 4.02% | 6.33% | 3.48% | 6.27% | 1.94% | - | 6.55% | 5.57% | 6.05% | 2.03% | 4.75% | 9.99% | 5.49% | 7.81% | 3.13% | 5.99% | 4.93% | 6.68% | 5.11% | 5.64% | 4.87% | 8.55% | 7.35% |
| EPS 2 | 20.02 | - | 0.8400 | - | 19.75 | 19.90 | 19.40 | 9.540 | - | 20.05 | 17.38 | 37.43 | 5.560 | 24.22 | 35.63 | 18.00 | 53.98 | 9.980 | 32.44 | - | 26.78 | 19.82 | 43.10 | 15.00 | 36.93 | - |
| Dividend per Share 2 | 8.000 | - | 8.000 | - | 8.000 | 8.000 | - | 9.000 | - | - | 9.000 | 9.000 | - | 14.50 | - | 14.00 | 14.00 | - | 17.00 | 17.00 | - | 16.00 | 16.00 | - | 16.50 | - |
| Announcement Date | 08/11/19 | 20/05/20 | 09/11/20 | 11/05/21 | 04/11/21 | 04/11/21 | 09/02/22 | 11/05/22 | 11/05/22 | 04/08/22 | 09/11/22 | 09/11/22 | 10/02/23 | 10/05/23 | 07/08/23 | 07/11/23 | 07/11/23 | 08/02/24 | 10/05/24 | 10/05/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 10,87,236 | 12,38,980 | 12,67,843 | 12,44,122 | 12,96,924 | 13,43,489 | 15,09,330 | 15,52,428 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 10.38 x | 11.1 x | 13.16 x | 9.387 x | 8.098 x | 7.907 x | 8.443 x | 8.403 x |
| Free Cash Flow 1 | -42,092 | -1,43,019 | -15,620 | 44,667 | 10,765 | -21,725 | -56,772 | 5,487 |
| ROE (net income / shareholders' equity) | 7.3% | 6.7% | 3.7% | 5.7% | 7.3% | 9.6% | 9.54% | 9.45% |
| ROA (Net income/ Total Assets) | 3.09% | 2.76% | 1.81% | 2.76% | 3.71% | 3.83% | 3.8% | 3.78% |
| Assets 1 | 12,13,090 | 13,99,345 | 11,96,070 | 12,75,060 | 13,01,322 | 17,91,136 | 19,09,451 | 20,31,282 |
| Book Value Per Share 2 | 781.0 | 811.0 | 830.0 | 878.0 | 965.0 | 1,053 | 1,119 | 1,193 |
| Cash Flow per Share 2 | 94.10 | 98.70 | 85.50 | 109.0 | 129.0 | 220.0 | 166.0 | 146.0 |
| Capex 1 | 86,614 | 1,36,359 | 1,05,970 | 48,818 | 83,974 | 2,45,315 | 1,16,215 | 97,400 |
| Capex / Sales | 9.6% | 14.16% | 11.67% | 4.94% | 8.35% | 22.24% | 10.13% | 8.2% |
| Announcement Date | 10/05/19 | 20/05/20 | 11/05/21 | 11/05/22 | 10/05/23 | 10/05/24 | - | - |
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
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
1,074
JPY
Average target price
1,272
JPY
Spread / Average Target
+18.49%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +19.09% | 473.02Cr | |
| +27.40% | 2.53TCr | |
| -5.18% | 2.42TCr | |
| +13.54% | 2.42TCr | |
| -20.01% | 2.37TCr | |
| +3.54% | 1.95TCr | |
| +29.70% | 1.94TCr | |
| -1.60% | 1.9TCr | |
| +46.90% | 1.83TCr | |
| -11.52% | 1.46TCr |
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- Financials Tokyu Fudosan Holdings Corporation
