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8700.T$1737.00-0.80%
Fair $1737.00+0.0%

8700.T

Maruhachi Securities Co., Ltd.

Financial Services / Capital MarketsTokyo

$1737.00

-14.00 (-0.80%)

Fairly Valued+0.0%Fair Value $1737.00Fund rank 25/100 · Data gapFallback financials|
SA 48/C
F-Score: 3/9

Book/ROE base 3Y

n/d

n/d CAGR · P/B n/d

Book/ROE base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 100% · confianza 20%

Book/ROE escenarios

weak_data · book/share n/d · quality 18.0/100

Data gap 25/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 9/100Data 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

48/100

C

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: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); financial Book/ROE targets are disabled until manually verified.
Thesis & Journal · 8700.TLocal privado en este navegador · Maruhachi Securities 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

$6.9B

P/E

10.2x

↓

EV/EBITDA

9.5x

↓

ROE

5.2%

↓

Gross Margin

99.8%

↑

Debt/Equity

0.03

↓
52-Week Range$1737
$1506$1899

TradingView lightweight chart

8700.T price, volumen y niveles de valoración

Último $1,737Periodo -40.1%
Fair value: $1,737

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

+2.5%

FCF CAGR

—

FCF margin

-2.2%

FCF / Net income

-0.17x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $3.08B · net income $392.2M · FCF $-67.6M

2022-FY → 2025-FY

Gross margin

99.8%+0.4% pts

Operating margin

14.2%+0.1% pts

Net margin

12.7%+2.6% pts

FCF margin

-2.2%+7.0% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$3.08B$3.08B$3.26B$2.50B$2.86B
Net Income$392.2M$392.2M$517.8M$62.6M$288.9M
EBITDA$489.3M$489.3M$715.9M$174.6M$437.1M
EPS98.2898.28129.7415.68—
Gross Margin99.8%99.8%99.9%99.8%99.4%
Operating Margin14.2%14.2%20.2%4.9%14.1%
Net Margin12.7%12.7%15.9%2.5%10.1%
Balance Sheet
Debt/Equity0.030.030.040.040.06
Current Ratio2.322.32———
Cash Flow
Free Cash Flow$-67.6M$-67.6M$1.57B$-59.1M$-262.0M
Returns
ROE5.2%5.2%6.6%0.9%3.9%
Valuation
P/E10.2110.2111.9288.33—
EV/EBITDA9.509.504.1017.775.13
P/B0.910.910.790.750.77
Growth & Yield
Revenue Growth-5.5%-5.5%30.4%-12.6%—
EPS Growth-24.2%-24.2%727.4%——
Dividend Yield5.8%5.8%———

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

16.2%

exigente

EPS terminal req.

$154.13

Spread vs growth

-40.4%

5Y implied EPS CAGR

13.7%

razonable

EPS terminal req.

$186.50

Spread vs growth

-37.9%

10Y implied EPS CAGR

11.8%

razonable

EPS terminal req.

$300.36

Spread vs growth

-36.1%

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 +20.3%

Total return

+20.3%

Start / end P/E

11.7x → 17.7x

EPS bridge

129.74 → 98.28

Residual

-12.4%

EPS growth-24.2%
Multiple rerating+51.2%
Dividend+5.8%
Residual / FX / buybacks / cross-term-12.4%

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.