Risk factor
Considerable default risk
Profitability factor
Undervalued vs peers
About
Mirarth Holdings, Inc. is engages in the design, planning and sale of condominiums and single unit housing. It operates through the following segments: Real Estate Business, Energy Business, Asset Management Business and Other. The Real Estate Business sells newly built condominiums and profitable real estate, and renovation of detached houses, renovation and resale of condominiums, liquidation business for the sale of income-generating real estate such as residences and offices, real estate rental business, and real estate management business. The Energy Business segment generates electricity from renewable energy sources, including solar, wind, and biomass, and sells it to electric power companies, thereby obtaining a stable income. The Asset Management Business segment utilizes the extensive expertise, know-how and networks accumulated within the Group in real estate and renewable energy to undertake the management of J-REITs and private funds and provide excellent investment opportunities and solid asset management services. The Other business segment includes investment management business, construction contract business, and repair work business. The company was founded on September 21, 1972 and is headquartered in Tokyo, Japan.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, neutral on EV/EBITD.