XJPX3463
Market cap300mUSD
Jan 16, Last price
142,700.00JPY
1D
0.71%
1Q
6.89%
Jan 2017
10.71%
IPO
20.52%
Name
Ichigo Hotel REIT Investment Corp
Chart & Performance
P/E
23.72
P/S
9.90
EPS
6,015.89
Div Yield, %
3.63%
Shrs. gr., 5y
2.36%
Rev. gr., 5y
2.23%
Revenues
4.72b
+41.66%
Net income
1.97b
+52.35%
CFO
2.42b
+9.44%
Dividend
Jan 30, 20250 JPY/sh
Profile
Ichigo Hotel REIT Investment Corporation (Ichigo Hotel REIT) was listed on the J-REIT section of the Tokyo Stock Exchange on November 30, 2015. "Ichigo" comes from an ancient Japanese proverb, Ichigo Ichie, literally meaning "One lifetime, One encounter." The phrase was first used by a 16th-century master of the tea ceremony, Sen no Rikyu. He called upon his disciples to give total focus and sincerity to each act of the tea ceremony for every guest, because that particular moment will only exist once and must be fully lived and realized. In sharing this Ichigo name, Ichigo Office REIT embraces this philosophy of total, committed engagement to supporting the long-term success and growth of our tenants and shareholders. Ichigo Hotel REIT was established on July 22, 2015 pursuant to the Act on Investment Trusts and Investment Corporations (Investment Trust Act). Its assets are managed by Ichigo Investment Advisors Co., Ltd., the asset management company for the Ichigo Group and a 100% subsidiary of Ichigo Inc., in accordance with the objectives and policies of asset management specified in the Investment Trust Act and the Articles of Incorporation of Ichigo Hotel REIT. Ichigo Hotel REIT is a specialized hotel REIT formed to invest in hotel properties while making maximum use of the Ichigo Group's experience and know-how in revitalizing real estate. Ichigo Hotel REIT will deploy Ichigo's deep real estate expertise to increase asset profitability via, for example, the strategic and effective use of value-add capex. Ichigo Hotel REIT also expects to pro-actively pursue portfolio growth and economies of scale for shareholders by using the Ichigo Group's robust sourcing capabilities. Ichigo Hotel REIT listed on the Tokyo Stock Exchange in order to raise capital for executing its growth strategy for shareholders and benefit from external growth opportunities and Ichigo's deep value-add expertise and management know-how. We look forward to serving our shareholders and making a positive contribution to Japanese society.
Valuation
Title JPY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|---|
| 2024‑01 | 2023‑07 | 2022‑07 | 2021‑07 | 2020‑07 | 2019‑07 | 2018‑07 | 2017‑07 | 2016‑07 | |
| Income | |||||||||
Revenues | 4,722,701 41.66% | 3,333,746 40.42% | 2,374,190 10.25% | ||||||
Cost of revenue | 2,078,660 | 1,544,019 | 1,265,528 | ||||||
Unusual Expense (Income) | |||||||||
NOPBT | 2,644,041 | 1,789,727 | 1,108,662 | ||||||
NOPBT Margin | 55.99% | 53.69% | 46.70% | ||||||
Operating Taxes | 1,869 | 1,966 | 1,860 | ||||||
Tax Rate | 0.07% | 0.11% | 0.17% | ||||||
NOPAT | 2,642,172 | 1,787,761 | 1,106,802 | ||||||
Net income | 1,970,139 52.35% | 1,293,145 83.56% | 704,488 47.13% | ||||||
Dividends | (1,695,043) | (931,680) | (611,609) | ||||||
Dividend yield | 5.14% | 3.37% | 2.55% | ||||||
Proceeds from repurchase of equity | |||||||||
BB yield | |||||||||
| Debt | |||||||||
Debt current | 3,000,000 | 20,470,000 | 13,750,000 | ||||||
Long-term debt | 29,470,000 | 5,000,000 | 12,590,000 | ||||||
Deferred revenue | |||||||||
Other long-term liabilities | 955,559 | 740,851 | 712,973 | ||||||
Net debt | 30,920,712 | 23,818,521 | 21,756,182 | ||||||
| Cash flow | |||||||||
Cash from operating activities | 2,421,750 | 2,212,794 | 1,535,878 | ||||||
CAPEX | (15,512,993) | (3,052,941) | (1,124,132) | ||||||
Cash from investing activities | (15,298,592) | (3,025,074) | (1,158,036) | ||||||
Cash from financing activities | 13,381,089 | (931,680) | (611,609) | ||||||
FCF | (12,582,976) | (718,336) | 699,299 | ||||||
| Balance | |||||||||
Cash | 1,549,288 | 1,651,479 | 4,583,818 | ||||||
Long term investments | |||||||||
Excess cash | 1,313,153 | 1,484,792 | 4,465,108 | ||||||
Stockholders' equity | 40,693,279 | 32,319,652 | 31,960,201 | ||||||
Invested Capital | 72,805,686 | 56,981,096 | 54,532,604 | ||||||
ROIC | 4.07% | 3.21% | 2.04% | ||||||
ROCE | 3.57% | 3.06% | 1.88% | ||||||
| EV | |||||||||
Common stock shares outstanding | 287 | 255 | 255 | ||||||
Price | 115,200.00 6.27% | 108,400.00 15.44% | 93,900.00 2.96% | ||||||
Market cap | 33,005,030 19.41% | 27,639,073 15.44% | 23,941,965 2.96% | ||||||
EV | 63,925,742 | 51,457,594 | 45,698,147 | ||||||
EBITDA | 3,573,485 | 2,550,420 | 1,829,149 | ||||||
EV/EBITDA | 17.89 | 20.18 | 24.98 | ||||||
Interest | 322,863 | 203,046 | 210,823 | ||||||
Interest/NOPBT | 12.21% | 11.35% | 19.02% | ||||||