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8704.T$1189.00-1.74%
Fair $1189.00+0.0%

8704.T

Traders Holdings Co.,Ltd.

Financial Services / Capital MarketsTokyo

$1189.00

-21.00 (-1.74%)

Fairly Valued+0.0%Fair Value $1189.00Fund rank 34/100 · Data gapFallback financials|
SA 77/B
F-Score: 8/9

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 100.0/100

Data gap 34/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 59/100Data 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

77/100

B

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. Sector-specific holding-company NAV/SOTP model required: targets are disabled until look-through holdings, debt and discount data exists.
Thesis & Journal · 8704.TLocal privado en este navegador · Traders Holdings 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

$31.3B

P/E

7.6x

↓

EV/EBITDA

3.2x

↓

ROE

26.1%

↑

Gross Margin

99.0%

↑

Debt/Equity

0.06

↓
52-Week Range$1189
$834$1243

TradingView lightweight chart

8704.T price, volumen y niveles de valoración

Último $1,189Periodo -41.8%
Fair value: $1,189

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

+23.8%

FCF CAGR

+119.6%

FCF margin

45.6%

FCF / Net income

1.35x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $13.43B · net income $4.55B · FCF $6.12B

2022-FY → 2025-FY

Gross margin

99.0%+6.2% pts

Operating margin

49.4%+15.9% pts

Net margin

33.9%+2.9% pts

FCF margin

45.6%+37.4% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$13.43B$13.43B$10.10B$9.19B$7.08B
Net Income$4.55B$4.55B$3.33B$3.22B$2.19B
EBITDA$7.02B$7.02B$4.70B$3.89B$2.61B
EPS163.01163.01117.39111.1275.12
Gross Margin99.0%99.0%98.1%96.9%92.8%
Operating Margin49.4%49.4%43.7%40.7%33.5%
Net Margin33.9%33.9%33.0%35.0%30.9%
Balance Sheet
Debt/Equity0.060.060.160.170.22
Current Ratio1.131.13———
Cash Flow
Free Cash Flow$6.12B$6.12B$4.77B$692.0M$578.0M
Returns
ROE26.1%26.1%23.6%26.9%23.7%
Valuation
P/E7.567.565.664.064.46
EV/EBITDA3.163.162.612.552.53
P/B1.901.901.341.091.06
Growth & Yield
Revenue Growth32.9%32.9%9.9%29.8%—
EPS Growth38.9%38.9%5.6%47.9%—
Dividend Yield3.8%3.8%———

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

-13.5%

fácil

EPS terminal req.

$105.50

Spread vs growth

52.4%

5Y implied EPS CAGR

-4.8%

fácil

EPS terminal req.

$127.66

Spread vs growth

43.6%

10Y implied EPS CAGR

2.3%

fácil

EPS terminal req.

$205.60

Spread vs growth

36.5%

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 +29.6%

Total return

+29.6%

Start / end P/E

8.1x → 7.3x

EPS bridge

117.39 → 163.01

Residual

-3.6%

EPS growth+38.9%
Multiple rerating-9.4%
Dividend+3.8%
Residual / FX / buybacks / cross-term-3.6%

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.