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1946.T$2095.00+0.05%
Fair $2095.00+0.0%

1946.T

Toenec Corporation

Industrials / Engineering & ConstructionTokyo

$2095.00

+1.00 (+0.05%)

Fairly Valued+0.0%Fair Value $2095.00Fund rank 33/100 · Data gapFallback financials|
SA 54/C
F-Score: 8/9

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 24% · confianza 25%

FCF escenarios

weak_data · normalized FCF $12.9B · quality 63.7/100

Data gap 33/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 61/100Data 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

54/100

C

Piotroski

8/9

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 · 1946.TLocal privado en este navegador · Toenec 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

$194.5B

P/E

10.9x

↓

EV/EBITDA

8.4x

↓

ROE

7.9%

↑

Gross Margin

14.9%

↓

Debt/Equity

0.67

↑
52-Week Range$2095
$1116$2514

TradingView lightweight chart

1946.T price, volumen y niveles de valoración

Último $2,095Periodo +381.6%
Fair value: $2,095

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

+7.3%

FCF CAGR

+136.8%

FCF margin

4.7%

FCF / Net income

1.19x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $270.97B · net income $10.77B · FCF $12.86B

2022-FY → 2025-FY

Gross margin

14.9%-1.0% pts

Operating margin

5.9%-0.5% pts

Net margin

4.0%+0.2% pts

FCF margin

4.7%+4.3% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$270.97B$270.97B$252.86B$232.05B$219.62B
Net Income$10.77B$10.77B$9.35B$-5.55B$8.28B
EBITDA$28.82B$28.82B$27.40B$8.29B$23.38B
EPS115.66115.6699.96-59.3788.65
Gross Margin14.9%14.9%14.8%13.9%15.9%
Operating Margin5.9%5.9%6.3%4.4%6.4%
Net Margin4.0%4.0%3.7%-2.4%3.8%
Balance Sheet
Debt/Equity0.670.670.710.830.78
Current Ratio1.611.61———
Cash Flow
Free Cash Flow$12.86B$12.86B$15.81B$10.26B$969.0M
Returns
ROE7.9%7.9%7.1%-4.7%6.5%
Valuation
P/E10.9210.9211.12—7.41
EV/EBITDA8.448.445.7915.635.62
P/B1.431.430.790.530.49
Growth & Yield
Revenue Growth7.2%7.2%9.0%5.7%—
EPS Growth15.7%15.7%268.4%-167.0%—
Dividend Yield3.6%3.6%———

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

17.1%

exigente

EPS terminal req.

$185.90

Spread vs growth

-1.4%

5Y implied EPS CAGR

14.2%

razonable

EPS terminal req.

$224.93

Spread vs growth

1.5%

10Y implied EPS CAGR

12.1%

razonable

EPS terminal req.

$362.26

Spread vs growth

3.6%

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 +89.2%

Total return

+89.2%

Start / end P/E

11.3x → 18.1x

EPS bridge

99.96 → 115.66

Residual

+9.5%

EPS growth+15.7%
Multiple rerating+60.4%
Dividend+3.6%
Residual / FX / buybacks / cross-term+9.5%

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.