Daiwa Securities Living Investment Corp
TSE:8986
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its 3-Year Average (20), the stock would be worth ¥114 099.99 (7% upside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 18.7 | ¥106 700 |
0%
|
| 3-Year Average | 20 | ¥114 099.99 |
+7%
|
| 5-Year Average | 19 | ¥108 302.74 |
+2%
|
| Industry Average | 21.7 | ¥123 860.77 |
+16%
|
| Country Average | 22.4 | ¥127 477.8 |
+19%
|
Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| JP |
|
Daiwa Securities Living Investment Corp
TSE:8986
|
254.6B JPY | 18.7 | 18.4 | |
| US |
|
Avalonbay Communities Inc
NYSE:AVB
|
25.7B USD | 48.7 | 24.5 | |
| US |
|
Equity Residential
NYSE:EQR
|
24.6B USD | 82.4 | 22 | |
| US |
A
|
American Campus Communities Inc
F:FGA
|
17.8B EUR | -169.1 | 369.5 | |
| US |
|
Invitation Homes Inc
NYSE:INVH
|
17.4B USD | 490.8 | 29.7 | |
| US |
|
Essex Property Trust Inc
NYSE:ESS
|
17B USD | -184.4 | 25.3 | |
| US |
|
Sun Communities Inc
NYSE:SUI
|
15.6B USD | -4.8 | 11.5 | |
| US |
|
Mid-America Apartment Communities Inc
NYSE:MAA
|
15B USD | 27.4 | 33.9 | |
| US |
E
|
Equity LifeStyle Properties Inc
NYSE:ELS
|
12.2B USD | 38.1 | 31.5 | |
| US |
|
UDR Inc
NYSE:UDR
|
11.9B USD | 52.7 | 32 | |
| US |
|
American Homes 4 Rent
NYSE:AMH
|
11.7B USD | -53.2 | 26.8 |
Market Distribution
| Min | 0.1 |
| 30th Percentile | 14.9 |
| Median | 22.4 |
| 70th Percentile | 35 |
| Max | 736 044 589.7 |
Other Multiples
Daiwa Securities Living Investment Corp
Glance View
Daiwa Securities Living Investment Corporation stands as a pivotal player in Japan's real estate investment landscape, focusing predominantly on residential properties. This corporation operates as a J-REIT (Japanese Real Estate Investment Trust), a structure that allows for investment in a diversified portfolio of real estate assets. By pooling capital from investors, the firm acquires a measured array of residential properties, thus enabling individuals to partake in the real estate market without direct ownership of the property assets. The company generates revenue primarily through rental income from its strategically located housing units and residential complexes. These properties are carefully selected to ensure a consistent cash flow, balancing urban convenience with demand-driven locations. Earning profits over the long term, Daiwa Securities Living Investment Corp. meticulously manages its portfolio to optimize value and returns. With a focus on stable, occupancy-heavy residential investments, it diligently seeks to enhance its property management efficiencies and prioritize tenant satisfaction. Furthermore, its linkage with Daiwa Securities Group, a reputable financial conglomerate, offers robust support and expertise in navigating market fluctuations and capital financing. This symbiotic relationship allows the corporation to maintain an edge in property acquisitions and asset management. Through this systematic approach, Daiwa aims to deliver a steady return on investments to its shareholders, distributing a majority of its income as dividends while broadening its asset base.