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3492.T$81800.00-1.09%
Fair $81800.00+0.0%

3492.T

MIRARTH Real Estate Investment Corporation

Real Estate / REIT - DiversifiedTokyo

$81800.00

-900.00 (-1.09%)

Fairly Valued+0.0%Fair Value $81800.00Fund rank 25/100 · Data gapFallback financials|
SA 23/D
F-Score: 6/9

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 22.0/100

Data gap 25/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 26/100Data 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

6/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 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.
Thesis & Journal · 3492.TLocal privado en este navegador · MIRARTH Real Estate 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

$74.5B

P/E

27.9x

↑

EV/EBITDA

20.4x

↑

ROE

5.9%

↑

Gross Margin

69.9%

↑

Debt/Equity

1.01

↑
52-Week Range$81800
$81800$96800

TradingView lightweight chart

3492.T price, volumen y niveles de valoración

Último $81,900Periodo -8.7%
Fair value: $81,800

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+13.0%

FCF CAGR

—

FCF margin

-167.2%

FCF / Net income

-3.41x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $10.93B · net income $5.36B · FCF $-18.28B

2022-FY → 2025-FY

Gross margin

69.9%+6.0% pts

Operating margin

61.6%+6.3% pts

Net margin

49.0%+1.8% pts

FCF margin

-167.2%+144.5% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$10.93B$10.93B$8.29B$7.50B$7.58B
Net Income$5.36B$5.36B$3.98B$3.58B$3.58B
EBITDA$7.83B$7.83B$5.72B$5.11B$4.85B
EPS2928.812928.815403.525383.966222.00
Gross Margin69.9%69.9%66.4%66.2%63.9%
Operating Margin61.6%61.6%58.5%58.0%55.3%
Net Margin49.0%49.0%48.0%47.7%47.2%
Balance Sheet
Debt/Equity1.011.010.980.950.98
Current Ratio0.540.54———
Cash Flow
Free Cash Flow$-18.28B$-18.28B$-13.81B$-15.48B$-23.62B
Returns
ROE5.9%5.9%5.1%5.1%6.0%
Valuation
P/E27.9027.9016.3618.1816.88
EV/EBITDA20.3720.3726.6024.9423.72
P/B0.820.821.020.921.02
Growth & Yield
Revenue Growth31.8%31.8%10.6%-1.0%—
EPS Growth-45.8%-45.8%0.4%-13.5%—
Dividend Yield6.7%6.7%———

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

35.3%

muy exigente

EPS terminal req.

$7258.39

Spread vs growth

-81.1%

5Y implied EPS CAGR

24.6%

exigente

EPS terminal req.

$8782.65

Spread vs growth

-70.4%

10Y implied EPS CAGR

17.1%

exigente

EPS terminal req.

$14144.54

Spread vs growth

-62.9%

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 +1.8%

Total return

+1.8%

Start / end P/E

15.9x → 28.0x

EPS bridge

5403.52 → 2928.81

Residual

-34.6%

EPS growth-45.8%
Multiple rerating+75.5%
Dividend+6.7%
Residual / FX / buybacks / cross-term-34.6%

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.