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Ichigo Office REIT Investment Corp
TSE:8975

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Ichigo Office REIT Investment Corp Logo
Ichigo Office REIT Investment Corp
TSE:8975
Watchlist
Price: 81 200 JPY -1.1%
Updated: Mar 29, 2024

Intrinsic Value

Ichigo Office REIT Investment Corp. engages in the real estate investment trust business that focuses on mid-size offices. [ Read More ]

The intrinsic value of one Ichigo Office REIT Investment Corp stock under the Base Case scenario is 94 761.96 JPY. Compared to the current market price of 81 200 JPY, Ichigo Office REIT Investment Corp is Undervalued by 14%.

Key Points:
Intrinsic Value
Base Case
94 761.96 JPY
Undervaluation 14%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Ichigo Office REIT Investment Corp

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Fundamental Analysis

Financials

Balance Sheet Decomposition
Ichigo Office REIT Investment Corp

Current Assets 21.1B
Cash & Short-Term Investments 6.5B
Receivables 9.5m
Other Current Assets 14.6B
Non-Current Assets 209.9B
Long-Term Investments 181.4B
PP&E 22.5B
Intangibles 4.5B
Other Non-Current Assets 1.6B
Current Liabilities 10.6B
Accounts Payable 805.2m
Accrued Liabilities 306.5m
Other Current Liabilities 9.5B
Non-Current Liabilities 118.4B
Long-Term Debt 107.8B
Other Non-Current Liabilities 10.6B
Efficiency

Earnings Waterfall
Ichigo Office REIT Investment Corp

Revenue
20.3B JPY
Cost of Revenue
-9.1B JPY
Gross Profit
11.2B JPY
Operating Expenses
-112.6m JPY
Operating Income
11.1B JPY
Other Expenses
-1.6B JPY
Net Income
9.5B JPY

Free Cash Flow Analysis
Ichigo Office REIT Investment Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

Profitability Score
Profitability Due Diligence

Ichigo Office REIT Investment Corp's profitability score is 62/100. The higher the profitability score, the more profitable the company is.

62/100
Profitability
Score

Ichigo Office REIT Investment Corp's profitability score is 62/100. The higher the profitability score, the more profitable the company is.

Solvency Score
Solvency Due Diligence

Ichigo Office REIT Investment Corp's solvency score is 44/100. The higher the solvency score, the more solvent the company is.

Short-Term Solvency
Long-Term Solvency
High Interest Coverage
Average D/E
44/100
Solvency
Score

Ichigo Office REIT Investment Corp's solvency score is 44/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

Price Targets Summary
Ichigo Office REIT Investment Corp

Wall Street analysts forecast Ichigo Office REIT Investment Corp stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for Ichigo Office REIT Investment Corp is 92 140 JPY with a low forecast of 86 860 JPY and a high forecast of 100 800 JPY.

Lowest
Price Target
86 860 JPY
7% Upside
Average
Price Target
92 140 JPY
13% Upside
Highest
Price Target
100 800 JPY
24% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

Price
Ichigo Office REIT Investment Corp

1M 1M
+4%
6M 6M
-7%
1Y 1Y
-11%
3Y 3Y
+2%
5Y 5Y
-2%
10Y 10Y
+110%
Annual Price Range
81 200
52w Low
76 700
52w High
97 210.4231
Price Metrics
Average Annual Return 1.69%
Standard Deviation of Annual Returns 22.65%
Max Drawdown -54%
Shares Statistics
Market Capitalization 124.2B JPY
Shares Outstanding 1 513 367
Percentage of Shares Shorted
N/A

Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Ichigo Office REIT Investment Corp Logo
Ichigo Office REIT Investment Corp

Country

Japan

Industry

Real Estate

Market Cap

124.2B JPY

Dividend Yield

4.9%

Description

Ichigo Office REIT Investment Corp. engages in the real estate investment trust business that focuses on mid-size offices. The company is headquartered in Chiyoda-Ku, Tokyo-To. The company went IPO on 2005-10-12. The company aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The firm mainly invests in office buildings in central Tokyo, other metropolitan areas and other major cities nationwide. Its property portfolio includes Ichigo Nishisando Building, Ichigo Mita Building, Ichigo Uchikanda Building, Ichigo Shin-Yokohama Building, Ichigo Nishi Ikebukuro Building, Ichigo Sakae Building, Ichigo Marunouchi Building, and among others. The asset manager of the Fund is Ichigo Investment Advisors Co Ltd.

Contact

TOKYO-TO
Chiyoda-ku
17F, Imperial Hotel Tower, 1-1-1, Uchisaiwai-cho
+81335024891.0
https://www.ichigo-office.co.jp/

IPO

2005-10-12

Employees

-

Officers

President
Mr. Takuma Hasegawa
Executive Director
Takafumi Kagiyama
General Manager of Asset Management Division - Japan Office Advisors, Inc
Tetsuya Takeda
General Manager of Investment Management Division - Japan Office Advisors Inc
Shinji Tsuchiya

See Also

Discover More
What is the Intrinsic Value of one Ichigo Office REIT Investment Corp stock?

The intrinsic value of one Ichigo Office REIT Investment Corp stock under the Base Case scenario is 94 761.96 JPY.

Is Ichigo Office REIT Investment Corp stock undervalued or overvalued?

Compared to the current market price of 81 200 JPY, Ichigo Office REIT Investment Corp is Undervalued by 14%.