1) any idea who the competition may be? both organized and unorganized be it other platforms or aggregators
2) why is the FY25 forecast for EBIT higher than FY24 but the net income forecast is lower?
doesn't scream deeply undervalued at initial glance relative to other japanese names, but is cheap if it can continue growing. what do you think the activist playbook is here? there isn't significant cash or land to unlock value from.
1/ Just started looking at the name and wanted to share how a high level screen works for me. Looks interesting enough that I'm planning to dig into the details. Will share more
2/ My understanding is there's some tax impact, but again, something on the to do list!
Incredible title
reflects reality?
Great stuff
Means a lot coming from you!
very interesting company. 2 questions if i may:
1) any idea who the competition may be? both organized and unorganized be it other platforms or aggregators
2) why is the FY25 forecast for EBIT higher than FY24 but the net income forecast is lower?
doesn't scream deeply undervalued at initial glance relative to other japanese names, but is cheap if it can continue growing. what do you think the activist playbook is here? there isn't significant cash or land to unlock value from.
Great questions!
1/ Just started looking at the name and wanted to share how a high level screen works for me. Looks interesting enough that I'm planning to dig into the details. Will share more
2/ My understanding is there's some tax impact, but again, something on the to do list!
is the PB and P/TB ratios correct? Your slide show puts it at 0.1x but CapIQ puts it closer to 5-6x
It is wrong! Will revise and reshare - thank you for catching that!