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5928.T$279.00-0.71%
Fair $279.00+0.0%

5928.T

Almetax Manufacturing Co., Ltd.

Industrials / Building Products & EquipmentTokyo

$279.00

-2.00 (-0.71%)

Fairly Valued+0.0%Fair Value $279.00Fund rank 26/100 · Data gapFallback financials|
SA 24/D
F-Score: 3/9
Declining RevenueMargin CompressionLow Profitability

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 33% · confianza 19%

FCF escenarios

weak_data · normalized FCF $219.4M · quality 38.0/100

Data gap 26/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 30/100Data 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

24/100

D

Piotroski

3/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 3unknown: 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. Revenue has declined for 2 consecutive years Operating margin has declined for 3 consecutive years ROE is 0.3%, below the 5% threshold
Thesis & Journal · 5928.TLocal privado en este navegador · Almetax Manufacturing Co., Ltd.
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

$2.9B

P/E

18.1x

↑

EV/EBITDA

N/A

•

ROE

0.3%

↓

Gross Margin

15.7%

↓

Debt/Equity

N/A

•
52-Week Range$279
$250$338

TradingView lightweight chart

5928.T price, volumen y niveles de valoración

Último $279.00Periodo +16.3%
Fair value: $279.00

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

-4.6%

FCF CAGR

—

FCF margin

-2.0%

FCF / Net income

-5.99x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $8.30B · net income $27.8M · FCF $-166.5M

2022-FY → 2025-FY

Gross margin

15.7%-4.6% pts

Operating margin

-2.6%-5.5% pts

Net margin

0.3%-3.4% pts

FCF margin

-2.0%-5.7% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$8.30B$8.30B$9.42B$9.66B$9.54B
Net Income$27.8M$27.8M$77.9M$269.2M$353.5M
EBITDA$-81.4M$-81.4M$101.4M$333.0M$392.9M
EPS2.662.667.4925.9634.21
Gross Margin15.7%15.7%16.3%19.2%20.3%
Operating Margin-2.6%-2.6%-0.3%2.2%2.9%
Net Margin0.3%0.3%0.8%2.8%3.7%
Balance Sheet
Debt/Equity——0.000.000.00
Current Ratio2.472.47———
Cash Flow
Free Cash Flow$-166.5M$-166.5M$219.4M$312.6M$350.3M
Returns
ROE0.3%0.3%0.8%3.0%4.1%
Valuation
P/E18.1218.1240.5912.947.98
EV/EBITDA——10.834.722.97
P/B0.320.320.340.390.33
Growth & Yield
Revenue Growth-11.9%-11.9%-2.5%1.2%—
EPS Growth-64.5%-64.5%-71.1%-24.1%—
Dividend Yield2.8%2.8%———

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

110.3%

muy exigente

EPS terminal req.

$24.76

Spread vs growth

-174.8%

5Y implied EPS CAGR

62.3%

muy exigente

EPS terminal req.

$29.96

Spread vs growth

-126.8%

10Y implied EPS CAGR

33.6%

muy exigente

EPS terminal req.

$48.24

Spread vs growth

-98.1%

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 +7.3%

Total return

+7.3%

Start / end P/E

35.6x → 104.9x

EPS bridge

7.49 → 2.66

Residual

-125.3%

EPS growth-64.5%
Multiple rerating+194.2%
Dividend+2.8%
Residual / FX / buybacks / cross-term-125.3%

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.