| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 1715.56 | 75 |
| Intrinsic value (DCF) | 963.47 | -2 |
| Graham-Dodd Method | 2285.07 | 133 |
| Graham Formula | 2627.50 | 168 |
Intellex Co., Ltd. (8940.T) is a Tokyo-based real estate company specializing in the construction, purchase, renovation, and sale of condominiums in Japan. Additionally, the company engages in leasing office buildings and condominiums while offering a suite of real estate services, including consulting, brokerage, sales planning, and interior decoration for both individuals and corporations. Founded in 1995 and formerly known as Brestage Co., Ltd., Intellex operates in Japan's competitive real estate market, focusing on residential and commercial property development. With a market capitalization of approximately ¥7.52 billion, Intellex plays a niche role in Japan's real estate sector, leveraging its expertise in property development and management. The company’s diversified revenue streams—spanning sales, leasing, and consulting—position it as a flexible player in Japan’s evolving urban real estate landscape.
Intellex Co., Ltd. presents a mixed investment profile. The company operates in Japan’s real estate sector, which is characterized by steady demand for urban housing but also faces risks from economic stagnation and demographic decline. With a modest net income of ¥414 million and diluted EPS of ¥50.04, Intellex shows profitability but operates with significant leverage (total debt of ¥25.67 billion vs. cash reserves of ¥4.98 billion). The company’s low beta (0.341) suggests relative stability compared to broader markets, but its high debt load and capital-intensive business model may limit growth. The dividend yield (¥17 per share) could appeal to income-focused investors, but the company’s long-term viability depends on Japan’s real estate market dynamics and its ability to manage debt while sustaining cash flow from operations (¥8.86 billion in FY 2024).
Intellex Co., Ltd. competes in Japan’s fragmented real estate market, where differentiation comes from localized expertise, service diversification, and efficient capital deployment. The company’s focus on condominium development and leasing provides stability, but it lacks the scale of larger Japanese real estate conglomerates. Intellex’s competitive advantage lies in its integrated services—combining construction, sales, leasing, and consulting—which allows it to capture value across the property lifecycle. However, its relatively small market cap and high debt-to-equity ratio limit its ability to compete with larger players in large-scale developments. The company’s niche positioning in Tokyo’s urban real estate market offers resilience but also exposes it to localized demand fluctuations. While its asset-light consulting and brokerage segments provide margin support, the capital-intensive nature of property development remains a constraint. Intellex must balance debt management with growth initiatives to maintain competitiveness against better-capitalized rivals.