Added to YB: 2024-12-17
Pitch date: 2024-12-14
8919.T [neutral]
KATITAS CO., Ltd.
+48.55%
current return
Author Info
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Company Info
KATITAS CO., Ltd. surveys, purchases, refurbishes, remodels, and sells used homes to individuals and families in Japan.
Market Cap
JPY 172.7B
Pitch Price
JPY 2.1K
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.91
P/E
19.10
EV/Sales
1.38
Sector
Real Estate Management and Development
Category
growth
November Japanese Smaller Companies - KATITAS CO., Ltd.
8919.T (short summary): Japanese home renovator Katitas strong H1 FY24: Q2 op profit £18.2M, net £12.2M. P/E 17 at £50M net profit. Huge opportunity in overlooked vacant houses. 1.24M potential buyers in £10-25K income range. Katitas mortgages (£252/mo) cheaper than new builds (£507) or rent (£275). Low 1-2% interest rates. Growing appeal of existing builds.
Read full article (1 min)