Professional
Added to YB: 2024-04-08
Pitch date: 2024-04-07
9311.T [bullish]
Asagami Corporation
+30.8%
current return
Author Info
Idea Brunch is an interview series where great off-the-beaten-path investors share their best ideas and insights about their research process. Yellowbrick users get a 20% discount for life
Company Info
Asagami Corporation provides logistics services in Japan. The company operates through Logistics Business, Real Estate Business, and Printing Business segments.
Market Cap
JPY 8.1B
Pitch Price
JPY 5.5K
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.46
P/E
9.40
EV/Sales
0.35
Sector
Marine Transportation
Category
value
Idea Brunch with Altay Capital - Asagami Corporation
9311.T: Asagami's market cap is just $52M, but it owns warehouses worth far more. 3 properties in Tokyo Harbor alone have a land value of ~$52M on the balance sheet but are likely worth $190M+ based on nearby appraisals. Trading at just 0.4x P/TBV with other undervalued assets.
Read full article (1 min)