Added to YB: 2026-04-20
Pitch date: 2026-04-16
5915.T [bullish]
Komaihaltec Inc.
+1.75%
current return
Author Info
No bio for this author
Company Info
Komaihaltec Inc. designs and constructs steel bridges, steel frameworks, and wind energy generating systems.
Market Cap
JPY 12.1B
Pitch Price
JPY 2.5K
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.59
P/E
23.08
EV/Sales
0.51
Sector
Construction and Engineering
Category
value
A 142-Year-Old Bridge Builder at 27 Cents on the Dollar - Komaihaltec Inc.
5915.T: Steel fabricator w/ 2 S-grade MLIT certifications (very limited nationally) trades 0.27x tangible BV. Net working capital ¥24B = ¥5,137/share vs ¥1,800 price. ¥55B backlog, ¥43.9B current assets cover ¥19.9B current liabilities 2.2x. 3.9% yield (184% payout from balance sheet). Wind tower option: ¥5.5B invested for ¥10-30B annual rev potential FY2027+ if offshore projects proceed. Risks: FY2026 rev ¥34B (down 40% YoY), 1.8% through-cycle margin, wind delayed by developer withdrawals, TSE Standard review ongoing.
Read full article (6 min)