Added to YB: 2024-12-09
Pitch date: 2024-12-09
8835.T [neutral]
Taiheiyo Kouhatsu Incorporated
+19.72%
current return
Author Info
No bio for this author
Company Info
Taiheiyo Kouhatsu Incorporated engages in the coal and mining equipment sale business in Japan. The company is also involved in the condominium/building management; real estate rent/brokerage; shipping; building materials and petroleum sale; and insurance agency businesses, as well as provision of nursing home services for the elderly.
Market Cap
JPY 5.5B
Pitch Price
JPY 668.24
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.50
P/E
10.55
EV/Sales
0.44
Sector
Trading Companies and Distributors
Category
N/A
Taiheiyo Kouhatsu (8835.T): The Hidden Costs That Make This Investment Too Risky
8835.T pass: Taiheiyo Kouhatsu appears cheap (0.3x P/B, negative EV) but has hidden liabilities. 1bn yen provision for mine remediation + 3.5bn off-balance sheet due by 2037. Actually highly levered, low margin, positive EV. Too complex, pass despite potential upside.
Read full article (1 min)