Professional
Added to YB: 2024-11-19
Pitch date: 2024-11-18
7309.T [neutral]
Shimano Inc.
-18.35%
current return
Author Info
Sweet Stocks is a former portfolio manager at an international small cap fund who shares pitches for international equities. Sign up for his blog.
Company Info
Shimano Inc., together with its subsidiaries, develops, produces, and distributes bicycle components, fishing tackles, and rowing equipment.
Market Cap
JPY 1.5T
Pitch Price
JPY 20.4K
Price Target
N/A
Dividend
1.93%
EV/EBITDA
13.85
P/E
30.31
EV/Sales
2.28
Sector
Leisure Products
Category
turnaround
Shimano – cycling uphill
7309.T (pass): Dominant bike component maker, 6-7% growth past 20yrs. Covid boom/bust cycle recovering. SRAM gaining share. E-bike shift challenges dominance. 23x fwd P/E pricey given slowing growth outlook. Family-controlled, cash hoarding. Fishing tackle (23% sales) outperforming bikes. Inventory high at 26% of sales.
Read full article (8 min)