Added to YB: 2023-01-23
Pitch date: 2023-01-23
7309.T [bullish]
Shimano Inc.
-3.45%
current return
Author Info
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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 21.2K
Price Target
23.00 (-100%)
Dividend
1.93%
EV/EBITDA
13.85
P/E
30.31
EV/Sales
2.28
Sector
Leisure Products
Category
value
Shimano - Under-appreciated Bike Component Monopoly At An Attractive Price
Shimano (7309.T): World's top bike parts maker w/ 50% share, 100yr history. Trades at $16 vs $23 base case. Scores 15.5/20 on checklist: wide moat, high ROIC, great mgmt. Risks: e-bike disruption, China supply chain. 5yr bull case $28 (8% CAGR), base $23 (7% WACC), bear $20 on share loss.
Read full article (13 min)