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 1 287,813 276,557 253,895 248,318 277,637 268,575 - -
Change - -3.91% -8.19% -2.2% 11.81% -3.26% - -
Enterprise Value (EV) 1 388,809 383,259 358,308 351,264 382,437 374,423 372,751 370,899
Change - -1.43% -6.51% -1.97% 8.87% -2.1% -0.45% -0.5%
P/E 34.6x 29x 26.3x 23.4x 22.2x 21.9x 21.6x 21x
PBR 2.14x 1.93x 1.78x 1.76x 1.97x 1.92x 1.92x 1.93x
PEG - 2.6x 17.54x 2x 1.2x -12.28x 17.65x 6.86x
Capitalization / Revenue 15.6x 14x 12.5x 11.6x 11.8x 15.7x 12.7x 12.4x
EV / Revenue 21.1x 19.4x 17.7x 16.4x 16.2x 21.8x 17.6x 17.2x
EV / EBITDA 30.2x 26.9x 25x 22.9x 22.4x 24.6x 23.9x 23.8x
EV / EBIT 42.6x 36.8x 34x 30.3x 28.5x 33.7x 30.1x 29.2x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 3,224 3,397 3,458 10,878 4,450 4,640 4,618 4,799
Rate of return 3.04% 3.44% 3.8% 12.1% 4.4% 4.74% 4.72% 4.91%
EPS 2 3,065 3,402 3,453 3,848 4,546 4,465 4,520 4,658
Distribution rate 105% 99.8% 100% 283% 97.9% 104% 102% 103%
Net sales 1 18,424 19,769 20,287 21,453 23,586 17,152 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 11,108 12,401 12,689
Net income 1 8,321 9,518 9,672 10,724 12,505 12,229 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 97,800.00 97,800.00 97,800.00
Nbr of stocks (in thousands) 2,715 2,802 2,792 2,762 2,746 2,746 - -
Announcement Date 16/03/22 14/03/23 15/03/24 12/03/25 17/03/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.9x21.83x24.58x4.74% 1.65B
48.04x20.35x23.21x2.85% 140B
24.05x19.42x22.29x1.03% 41.69B
38.21x17.34x24.56x2.85% 11.99B
29.99x14.58x21.62x2.88% 9.1B
29.71x11.88x16.87x4.64% 8.42B
38.6x17.49x26.64x2.82% 7.98B
37.61x12.44x17.12x3.67% 8.04B
15.78x13.5x17.46x4.52% 7.33B
8.41x19.21x21.71x5.13% 6B
Average 29.23x 16.81x 21.61x 3.51% 24.22B
Weighted average by Cap. 39.32x 18.95x 22.55x 2.75%

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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