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Nippon Building Fund (TSE:8951) Intrinsic Value: Projected FCF : 円236,521.96 (As of Apr. 28, 2024)


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What is Nippon Building Fund Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-28), Nippon Building Fund's Intrinsic Value: Projected FCF is 円236,521.96. The stock price of Nippon Building Fund is 円600000.00. Therefore, Nippon Building Fund's Price-to-Intrinsic-Value-Projected-FCF of today is 2.5.

The historical rank and industry rank for Nippon Building Fund's Intrinsic Value: Projected FCF or its related term are showing as below:

TSE:8951' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.04   Med: 1.38   Max: 4.88
Current: 2.54

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Nippon Building Fund was 4.88. The lowest was 1.04. And the median was 1.38.

TSE:8951's Price-to-Projected-FCF is ranked worse than
95.26% of 549 companies
in the REITs industry
Industry Median: 0.66 vs TSE:8951: 2.54

Nippon Building Fund Intrinsic Value: Projected FCF Historical Data

The historical data trend for Nippon Building Fund's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nippon Building Fund Intrinsic Value: Projected FCF Chart

Nippon Building Fund Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 544,852.00 122,465.00 271,992.00 241,837.00 236,522.00

Nippon Building Fund Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 271,992.00 - 241,837.00 - 236,522.00

Competitive Comparison of Nippon Building Fund's Intrinsic Value: Projected FCF

For the REIT - Office subindustry, Nippon Building Fund's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nippon Building Fund's Price-to-Projected-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Nippon Building Fund's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Nippon Building Fund's Price-to-Projected-FCF falls into.



Nippon Building Fund Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Nippon Building Fund's Free Cash Flow(6 year avg) = 円-17,086.95.

Nippon Building Fund's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*-17086.946857143+706247*0.8)/1.701
=236,521.96

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Nippon Building Fund  (TSE:8951) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Nippon Building Fund's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=600000.00/236521.96250349
=2.54

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Nippon Building Fund Intrinsic Value: Projected FCF Related Terms

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Nippon Building Fund (TSE:8951) Business Description

Industry
Traded in Other Exchanges
N/A
Address
38th Floor, GranTokyo North Tower, 9-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-6738
Nippon Building Fund Inc is a Japanese real estate investment trust engaged in the acquisition, ownership, and leasing of properties in the Greater Tokyo area. The company's real estate portfolio is primarily comprised of large corporate office buildings. The majority of these are located in the five wards of Tokyo's central business district. Office space located throughout the rest of Tokyo also makes up a substantial percentage of Nippon Building Fund's assets. The company derives the majority of its income in the form of rental revenue from tenants. Nippon Building Fund's largest customers are firms from the service, electrical equipment, and information and communications industries in terms of square footage used.

Nippon Building Fund (TSE:8951) Headlines

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