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DCF Valuation
Base-case fair value
¥-236.30
Intrinsic ¥-315.07 · 25% MOS
Base-case summary
Our base-case DCF for Lead Real Estate Co., Ltd (LRE) projects 10 years of free cash flow growth at 2.0% for years 1–5 and 1.0% for years 6–10, anchored to a default 8% growth assumption, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from ¥791M in trailing free cash flow, this produces an intrinsic value of ¥-315.07 per share. A 25% safety margin gives a fair value of ¥-236.30.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
¥791M
Cash & equivalents
¥2.7B
Total debt
¥20.7B
Shares outstanding
14M