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3234.T$125800.00-1.64%
Fair $125800.00+0.0%

3234.T

Mori Hills REIT Investment Corporation

Real Estate / REIT - DiversifiedTokyo

$125800.00

-2100.00 (-1.64%)

Fairly Valued+0.0%Fair Value $125800.00Fund rank 36/100 · Data gapFallback financials|
SA 23/D
F-Score: 5/9
Margin Compression

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 100% · confianza 20%

FCF escenarios

weak_data · normalized FCF n/d · quality 24.0/100

Data gap 36/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 82/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

23/100

D

Piotroski

5/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific NAV/AFFO model required: REIT/real-estate targets are disabled until FFO/AFFO/NAV/cap-rate data exists. REIT NAV/AFFO valuation requires positive AFFO/share history or TTM AFFO/share; generic FCF remains disabled. Operating margin has declined for 3 consecutive years
Thesis & Journal · 3234.TLocal privado en este navegador · Mori Hills REIT Investment Corporation
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$237.3B

P/E

19.5x

↑

EV/EBITDA

26.4x

↑

ROE

6.1%

↑

Gross Margin

67.9%

↑

Debt/Equity

0.92

↑
52-Week Range$125800
$125600$151800

TradingView lightweight chart

3234.T price, volumen y niveles de valoración

Último $125,800Periodo -28.5%
Fair value: $125,800

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2021–2024 · 3 años de histórico normalizado

Revenue CAGR

+4.4%

FCF CAGR

—

FCF margin

75.9%

FCF / Net income

1.34x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $22.35B · net income $12.63B · FCF $16.96B

2021-FY → 2024-FY

Gross margin

67.9%+1.6% pts

Operating margin

61.2%-1.5% pts

Net margin

56.5%-0.2% pts

FCF margin

75.9%— pts
MetricTTM
2024
2023
2022
2021
Income Statement
Revenue$22.35B$22.35B$22.43B$21.02B$19.66B
Net Income$12.63B$12.63B$12.83B$11.96B$11.16B
EBITDA$15.62B$15.62B$15.82B$14.95B—
EPS6592.356592.356694.446239.50—
Gross Margin67.9%67.9%68.8%67.4%66.2%
Operating Margin61.2%61.2%62.0%62.2%62.7%
Net Margin56.5%56.5%57.2%56.9%56.7%
Balance Sheet
Debt/Equity0.920.920.940.950.93
Current Ratio0.340.34———
Cash Flow
Free Cash Flow$16.96B$16.96B$17.31B$7.40B—
Returns
ROE6.1%6.1%6.3%5.9%5.6%
Valuation
P/E19.5219.5221.3924.51—
EV/EBITDA26.4326.4328.5031.75—
P/B1.171.171.341.441.50
Growth & Yield
Revenue Growth-0.3%-0.3%6.7%6.9%—
EPS Growth-1.5%-1.5%7.3%——
Dividend Yield4.8%4.8%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

19.2%

exigente

EPS terminal req.

$11162.65

Spread vs growth

-20.7%

5Y implied EPS CAGR

15.4%

exigente

EPS terminal req.

$13506.81

Spread vs growth

-17.0%

10Y implied EPS CAGR

12.7%

razonable

EPS terminal req.

$21752.85

Spread vs growth

-14.2%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +0.7%

Total return

+0.7%

Start / end P/E

19.6x → 19.1x

EPS bridge

6694.44 → 6592.35

Residual

+0.0%

EPS growth-1.5%
Multiple rerating-2.6%
Dividend+4.8%
Residual / FX / buybacks / cross-term+0.0%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.