Added to YB: 2026-02-19
Pitch date: 2026-02-16
5928.T [bullish]
Almetax Manufacturing Co., Ltd.
+2.79%
current return
Author Info
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Company Info
Almetax Manufacturing Co., Ltd. develops, manufactures, and sells aluminum building materials, electrical materials, and civil engineering products in Japan.
Market Cap
JPY 3.2B
Pitch Price
JPY 287.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
9.32
EV/Sales
N/A
Sector
Building Products
Category
value
A Cash-Rich Cigar-Butt for 0.3x TBV - Almetax Manufacturing Co., Ltd.
5928.T: Japanese housing materials mfg trading 0.3x TBV, 0.9x NCAV. ¥5.4B net cash vs ¥2.9B mkt cap = -¥2.1B EV. Can liquidate liquid assets for ¥5.12B (+75% return) + keep all hard assets. Sekisui House owns 40% & buys 51% of sales. Recent losses from aluminium cost spike + housing slump, but ¥5.4B covers 26yrs losses. 2.8% yield.
Read full article (8 min)