Professional
Added to YB: 2024-04-25
Pitch date: 2024-04-24
NTDOY [bullish]
Nintendo Co., Ltd.
+59.89%
current return
Author Info
No bio for this author
Company Info
Nintendo Co., Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally.
Market Cap
JPY 13.5T
Pitch Price
JPY 7.3K
Price Target
24.0K (+105%)
Dividend
N/A
EV/EBITDA
29.20
P/E
36.53
EV/Sales
6.53
Sector
Entertainment
Category
value
Crossroads Capital Portfolio Holding: Nintendo Co., Ltd.
NTDOY: Long Nintendo on Switch 2 launch driving 4-5yr upcycle. IP flywheel in full effect w/ movies & theme parks. Valuation asymmetric: $34B EV ex $32B cash & investments. $43 PT =220% upside on 20M Switch 2 units/yr, 135M active users (1/3 w/ NSO subs), digital 50%+ of sw sales. Optionality in tie ratio, movies, parks = add'l $30B+ value. Launched consoles historically +216% 1yr forward.
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