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8975.T$84500.00-1.15%
Fair $84500.00+0.0%

8975.T

Ichigo Office REIT Investment Corporation

Real Estate / REIT - OfficeTokyo

$84500.00

-1000.00 (-1.15%)

Fairly Valued+0.0%Fair Value $84500.00Fund rank 27/100 · Data gapFallback financials|
SA 36/D
F-Score: 7/9

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 32.0/100

Data gap 27/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 33/100Data 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

36/100

D

Piotroski

7/9

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 · 8975.TLocal privado en este navegador · Ichigo Office 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

$130.0B

P/E

14.0x

↑

EV/EBITDA

19.3x

↑

ROE

8.9%

↑

Gross Margin

65.5%

↑

Debt/Equity

1.19

↑
52-Week Range$84500
$84200$100500

TradingView lightweight chart

8975.T price, volumen y niveles de valoración

Último $85,900Periodo +41.2%
Fair value: $84,500

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

+5.8%

FCF CAGR

+51.3%

FCF margin

80.7%

FCF / Net income

1.69x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $19.51B · net income $9.35B · FCF $15.75B

2022-FY → 2025-FY

Gross margin

65.5%+2.6% pts

Operating margin

57.2%+7.4% pts

Net margin

47.9%+7.3% pts

FCF margin

80.7%+53.1% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$19.51B$19.51B$17.29B$20.30B$16.48B
Net Income$9.35B$9.35B$7.40B$9.49B$6.69B
EBITDA$12.58B$12.58B$10.48B$12.38B$9.39B
EPS6039.886039.884820.686268.064421.94
Gross Margin65.5%65.5%62.2%68.7%62.9%
Operating Margin57.2%57.2%52.5%54.7%49.8%
Net Margin47.9%47.9%42.8%46.7%40.6%
Balance Sheet
Debt/Equity1.191.191.161.131.11
Current Ratio1.221.22———
Cash Flow
Free Cash Flow$15.75B$15.75B$-5.28B$5.58B$4.55B
Returns
ROE8.9%8.9%7.0%9.3%6.6%
Valuation
P/E13.9913.9916.4113.4219.79
EV/EBITDA19.2719.2722.8919.0425.22
P/B1.241.241.161.251.30
Growth & Yield
Revenue Growth12.8%12.8%-14.8%23.2%—
EPS Growth25.3%25.3%-23.1%41.7%—
Dividend Yield5.3%5.3%———

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

7.5%

razonable

EPS terminal req.

$7497.97

Spread vs growth

17.8%

5Y implied EPS CAGR

8.5%

razonable

EPS terminal req.

$9072.54

Spread vs growth

16.8%

10Y implied EPS CAGR

9.2%

razonable

EPS terminal req.

$14611.42

Spread vs growth

16.1%

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 +5.6%

Total return

+5.6%

Start / end P/E

17.8x → 14.2x

EPS bridge

4820.68 → 6039.88

Residual

-5.0%

EPS growth+25.3%
Multiple rerating-19.9%
Dividend+5.3%
Residual / FX / buybacks / cross-term-5.0%

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.