Added to YB: 2023-07-17
Pitch date: 2023-07-17
8881.T [bullish]
NISSHIN GROUP HOLDINGS Company, Limited
+65.85%
current return
Author Info
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Company Info
NISSHIN GROUP HOLDINGS Company, Limited plans, develops, constructs, manages, and sells condominiums in Japan.
Market Cap
JPY 24.6B
Pitch Price
JPY 431.72
Price Target
N/A
Dividend
4.37%
EV/EBITDA
0.55
P/E
11.36
EV/Sales
0.03
Sector
Real Estate Management and Development
Category
value
Show full summary:
Adventures in the value trap land
8881.T Nisshin Group: Japanese RE developer at 0.35x P/B, 0.45x P/NCAV. Stable biz w/ condo focus in Tokyo. Improving capital allocation: 50% div payout (8% yield), mgmt incentives. Bear case 5x EBIT, base case 2x on mean reversion, bull case 4-5x on growth & margin expansion. Aging population & construction slowdown are risks.
Read full article (8 min)