Kenedix Office Investment Corp
TSE:8972

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Kenedix Office Investment Corp
TSE:8972
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Price: 166 100 JPY 0.3% Market Closed
Market Cap: ¥671B

EV/OCF

13.2
Current
10%
Cheaper
vs 3-y average of 14.7

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
13.2
=
Enterprise Value
¥1.1T
/
Operating Cash Flow
¥82.5B

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
13.2
=
Enterprise Value
¥1.1T
/
Operating Cash Flow
¥82.5B

Valuation Scenarios

Kenedix Office Investment Corp is trading below its 3-year average

If EV/OCF returns to its 3-Year Average (14.7), the stock would be worth ¥184 747.54 (11% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-14%
Maximum Upside
+45%
Average Upside
19%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 13.2 ¥166 100
0%
3-Year Average 14.7 ¥184 747.54
+11%
5-Year Average 17.8 ¥223 509.88
+35%
Industry Average 19.2 ¥241 117.66
+45%
Country Average 11.4 ¥143 081.61
-14%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
Close

Market Distribution

In line with most companies in Japan
Percentile
59th
Based on 4 586 companies
59th percentile
13.2
Low
0 — 8.2
Typical Range
8.2 — 16.2
High
16.2 —
Distribution Statistics
Japan
Min 0
30th Percentile 8.2
Median 11.4
70th Percentile 16.2
Max 277 515 327.6

Kenedix Office Investment Corp
Glance View

Market Cap
671B JPY
Industry
Real Estate

Kenedix Office Investment Corporation (KOIC) stands at a prominent intersection in Japan's bustling real estate investment landscape. Established in 2005 as a real estate investment trust (REIT), KOIC is orchestrated by Kenedix, Inc., with a singular focus on acquiring, managing, and operating mid-size office properties primarily located in urban centers across Japan. The REIT is designed to provide investors with stable income streams generated from leasing high-quality office spaces. KOIC's strategy is underscored by meticulous market analysis, ensuring that it selects properties in prime locations that attract reliable corporate tenants seeking modern infrastructure amid Japan’s densely populated business districts. The financial engine behind KOIC revolves around the fundamental principle of earning rental income from its diversified property portfolio. By targeting areas with high occupancy rates and robust economic activities, KOIC capitalizes on the steady demands from varied industry sectors ranging from traditional businesses to cutting-edge enterprises. This approach is reinforced by strategic asset management aimed at optimizing tenancy rates and property values. KOIC's revenues stem not only from regular rental fees but also from the appreciation in property values, which occasionally leads to the strategic selling of assets. In amalgamating property acquisition with nimble financial management, KOIC presents a nuanced model of consistent, real estate-driven profitability, offering investors a window into the resilient potential of Japan's office space market.

Intrinsic Value
186 973.86 JPY
Undervaluation 11%
Intrinsic Value
Price ¥166 100
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