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1905.T$1464.00+0.41%
Fair $1464.00+0.0%

1905.T

Tenox Corporation

Industrials / Engineering & ConstructionTokyo

$1464.00

+6.00 (+0.41%)

Fairly Valued+0.0%Fair Value $1464.00Fund rank 32/100 · Data gapFallback financials|
SA 67/B
F-Score: 7/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 32% · confianza 25%

FCF escenarios

weak_data · normalized FCF $616.2M · quality 56.0/100

Data gap 32/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 38/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

67/100

B

Piotroski

7/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · 1905.TLocal privado en este navegador · Tenox Corporation
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$9.8B

P/E

10.5x

↓

EV/EBITDA

-0.2x

↓

ROE

5.8%

↓

Gross Margin

15.3%

↓

Debt/Equity

0.01

↓
52-Week Range$1464
$1099$1623

TradingView lightweight chart

1905.T price, volumen y niveles de valoración

Último $1,464Periodo +523.0%
Fair value: $1,464

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+17.0%

FCF CAGR

+10.4%

FCF margin

9.1%

FCF / Net income

2.89x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $23.72B · net income $749.3M · FCF $2.16B

2022-FY → 2025-FY

Gross margin

15.3%-0.6% pts

Operating margin

4.7%+1.6% pts

Net margin

3.2%+0.7% pts

FCF margin

9.1%-1.7% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$23.72B$23.72B$20.21B$18.32B$14.82B
Net Income$749.3M$749.3M$388.1M$482.8M$357.8M
EBITDA$1.68B$1.68B$1.08B$1.17B$997.9M
EPS112.00112.0058.0671.7752.32
Gross Margin15.3%15.3%14.0%15.1%15.9%
Operating Margin4.7%4.7%2.6%3.6%3.1%
Net Margin3.2%3.2%1.9%2.6%2.4%
Balance Sheet
Debt/Equity0.010.010.000.000.00
Current Ratio2.192.19———
Cash Flow
Free Cash Flow$2.16B$2.16B$-632.1M$616.2M$1.61B
Returns
ROE5.8%5.8%3.1%4.0%3.0%
Valuation
P/E10.4910.4919.9412.8215.23
EV/EBITDA-0.16-0.16-0.56-2.85-4.13
P/B0.750.750.620.510.45
Growth & Yield
Revenue Growth17.4%17.4%10.3%23.6%—
EPS Growth92.9%92.9%-19.1%37.2%—
Dividend Yield4.3%4.3%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

5.1%

razonable

EPS terminal req.

$129.91

Spread vs growth

87.8%

5Y implied EPS CAGR

7.0%

razonable

EPS terminal req.

$157.19

Spread vs growth

85.9%

10Y implied EPS CAGR

8.5%

razonable

EPS terminal req.

$253.15

Spread vs growth

84.4%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +35.1%

Total return

+35.1%

Start / end P/E

19.3x → 13.1x

EPS bridge

58.06 → 112.00

Residual

-29.9%

EPS growth+92.9%
Multiple rerating-32.2%
Dividend+4.3%
Residual / FX / buybacks / cross-term-29.9%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.