Sayfa yüklenirken bir hata oluştu.
Teknik ekibimiz bilgilendirildi, ancak sorunun devam etmesi durumunda lütfen e-posta destek widget ile bize ulaşın.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 7,7x - 8,5x | 8,1x |
| Selected Fwd EBIT Multiple | 7,1x - 7,9x | 7,5x |
| Fair Value | ¥2.531 - ¥2.753 | ¥2.642 |
| Upside | -4,8% - 3,6% | -0,6% |
| Benchmarks | Ticker | Full Ticker |
| Yamaha Corporation | 7951 | TSE:7951 |
| Globeride, Inc. | 7990 | TSE:7990 |
| ASICS Corporation | 7936 | TSE:7936 |
| Acushnet Holdings Corp. | GOLF | NYSE:GOLF |
| FuSheng Precision Co., Ltd. | 6670 | TWSE:6670 |
| Mizuno Corporation | 8022 | TSE:8022 |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| 7951 | 7990 | 7936 | GOLF | 6670 | 8022 | ||
| TSE:7951 | TSE:7990 | TSE:7936 | NYSE:GOLF | TWSE:6670 | TSE:8022 | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | -3.9% | 12.5% | 56.6% | 10.5% | 10.8% | 27.1% | |
| 3Y CAGR | -5.5% | -19.2% | 66.9% | 5.5% | 14.0% | 28.1% | |
| Latest Twelve Months | -11.7% | 21.2% | 53.6% | 4.4% | 37.2% | 11.5% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 9.2% | 7.6% | 8.1% | 12.1% | 14.5% | 6.1% | |
| Prior Fiscal Year | 7.4% | 5.9% | 9.5% | 11.8% | 12.5% | 7.5% | |
| Latest Fiscal Year | 8.0% | 5.3% | 14.8% | 12.3% | 16.4% | 8.6% | |
| Latest Twelve Months | 7.1% | NA | 16.5% | 12.0% | 16.3% | 8.5% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.71x | 0.52x | 4.04x | 2.26x | 1.02x | 0.71x | |
| EV / LTM EBITDA | 6.8x | 5.6x | 20.6x | 16.3x | 5.4x | 7.2x | |
| EV / LTM EBIT | 10.0x | 9.5x | 24.4x | 18.9x | 6.3x | 8.4x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 6.3x | 10.0x | 24.4x | ||||
| Historical EV / LTM EBIT | 2.1x | 7.8x | 12.9x | ||||
| Selected EV / LTM EBIT | 7.7x | 8.1x | 8.5x | ||||
| (x) LTM EBIT | 20,565 | 20,565 | 20,565 | ||||
| (=) Implied Enterprise Value | 158,506 | 166,849 | 175,191 | ||||
| (-) Non-shareholder Claims * | 32,094 | 32,094 | 32,094 | ||||
| (=) Equity Value | 190,600 | 198,943 | 207,285 | ||||
| (/) Shares Outstanding | 76.7 | 76.7 | 76.7 | ||||
| Implied Value Range | 2,483.79 | 2,592.50 | 2,701.22 | ||||
| FX Rate: JPY/JPY | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 2,483.79 | 2,592.50 | 2,701.22 | 2,657.00 | |||
| Upside / (Downside) | -6.5% | -2.4% | 1.7% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 7951 | 7990 | 7936 | GOLF | 6670 | 8022 | |
| Enterprise Value | 323,521 | 64,468 | 2,970,908 | 5,604 | 31,591 | 171,798 | |
| (+) Cash & Short Term Investments | 106,009 | 11,725 | 124,662 | 60 | 8,675 | 35,994 | |
| (+) Investments & Other | 53,713 | 6,629 | 13,734 | 14 | 87 | 9,879 | |
| (-) Debt | (29,074) | (28,710) | (110,547) | (1,010) | (1,714) | (12,990) | |
| (-) Other Liabilities | (1,237) | (227) | (1,561) | (5) | (2,834) | (789) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 452,932 | 53,885 | 2,997,196 | 4,663 | 35,804 | 203,892 | |
| (/) Shares Outstanding | 453.4 | 23.0 | 716.7 | 58.7 | 136.7 | 76.7 | |
| Implied Stock Price | 999.00 | 2,344.00 | 4,182.00 | 79.50 | 262.00 | 2,657.00 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 999.00 | 2,344.00 | 4,182.00 | 79.50 | 262.00 | 2,657.00 | |
| Trading Currency | JPY | JPY | JPY | USD | TWD | JPY | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |