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 1 287,813 276,557 253,895 248,318 277,637 278,186 - -
Change - -3.91% -8.19% -2.2% 11.81% 0.2% - -
Enterprise Value (EV) 1 388,809 383,259 358,308 351,264 382,437 384,035 382,362 380,511
Change - -1.43% -6.51% -1.97% 8.87% 0.42% -0.44% -0.48%
P/E 34.6x 29x 26.3x 23.4x 22.2x 22.5x 22.2x 21.5x
PBR 2.14x 1.93x 1.78x 1.76x 1.97x 1.97x 1.97x 1.98x
PEG - 2.6x 17.54x 2x 1.2x -12.62x 18.14x 7.02x
Capitalization / Revenue 15.6x 14x 12.5x 11.6x 11.8x 16.2x 13.1x 12.9x
EV / Revenue 21.1x 19.4x 17.7x 16.4x 16.2x 22.4x 18.1x 17.6x
EV / EBITDA 30.2x 26.9x 25x 22.9x 22.4x 25.2x 24.5x 24.4x
EV / EBIT 42.6x 36.8x 34x 30.3x 28.5x 34.6x 30.8x 30x
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% 4.63% 4.6% 4.78%
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 89,900.00 101,100.00 100,300.00 100,300.00 100,300.00
Nbr of stocks (in thousands) 2,715 2,802 2,792 2,762 2,746 2,746 - -
Announcement Date 3/16/22 A 3/14/23 A 3/15/24 A 3/12/25 A 3/17/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.46x22.23x25.04x4.63% 1.68B
44.33x20.05x24.91x2.9% 138B
23.64x19.15x21.91x1.05% 40.91B
36.14x16.75x23.68x3.01% 11.44B
30.68x14.43x20.98x2.99% 8.88B
32.5x11.11x15.68x4.49% 8.67B
36.78x12.25x16.85x3.75% 7.86B
37.37x17x25.9x2.92% 7.73B
22.86x13.16x18.43x4.57% 7.24B
8.77x19.73x22.29x4.92% 6.19B
Average 29.55x 16.59x 21.57x 3.52% 23.84B
Weighted average by Cap. 37.24x 18.65x 23.36x 2.79%

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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