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8929.T$1309.00-1.48%
Fair $1309.00+0.0%

8929.T

Aoyama Zaisan Networks Company,Limited

Real Estate / Real Estate ServicesTokyo

$1309.00

-20.00 (-1.48%)

Fairly Valued+0.0%Fair Value $1309.00Fund rank 34/100 · Data gapFallback financials|
SA 45/C
F-Score: 5/9

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 90.0/100

Data gap 34/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 57/100Data 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

45/100

C

Piotroski

5/9

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 NAV/AFFO model required: REIT/real-estate targets are disabled until FFO/AFFO/NAV/cap-rate data exists. REIT NAV/AFFO valuation requires positive AFFO/share history or TTM AFFO/share; generic FCF remains disabled.
Thesis & Journal · 8929.TLocal privado en este navegador · Aoyama Zaisan Networks Company,Limited
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

$31.4B

P/E

11.4x

↓

EV/EBITDA

5.4x

↓

ROE

23.5%

↑

Gross Margin

20.3%

↓

Debt/Equity

0.53

↓
52-Week Range$1309
$1221$2194

TradingView lightweight chart

8929.T price, volumen y niveles de valoración

Último $1,334Periodo +70.3%
Fair value: $1,309

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

+5.1%

FCF CAGR

-28.4%

FCF margin

1.8%

FCF / Net income

0.28x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $41.78B · net income $2.75B · FCF $769.0M

2022-FY → 2025-FY

Gross margin

20.3%+4.5% pts

Operating margin

9.2%+1.9% pts

Net margin

6.6%+1.9% pts

FCF margin

1.8%-4.0% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$41.78B$41.78B$45.62B$36.10B$35.95B
Net Income$2.75B$2.75B$2.43B$2.06B$1.69B
EBITDA$4.39B$4.39B$3.70B$3.50B$2.86B
EPS——99.8484.7469.75
Gross Margin20.3%20.3%15.3%17.6%15.9%
Operating Margin9.2%9.2%7.7%9.0%7.3%
Net Margin6.6%6.6%5.3%5.7%4.7%
Balance Sheet
Debt/Equity0.530.530.610.860.98
Current Ratio2.382.38———
Cash Flow
Free Cash Flow$769.0M$769.0M$6.60B$2.44B$2.09B
Returns
ROE23.5%23.5%24.8%21.6%20.4%
Valuation
P/E11.4211.4219.0912.1314.98
EV/EBITDA5.365.3610.595.287.23
P/B2.692.694.732.623.06
Growth & Yield
Revenue Growth-8.4%-8.4%26.4%0.4%—
EPS Growth——17.8%21.5%—
Dividend Yield5.3%5.3%———

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

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

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 -20.8%

Total return

-20.8%

Start / end P/E

n/dx → n/dx

EPS bridge

99.84 → n/d

Residual

-26.1%

EPS growthn/d
Multiple reratingn/d
Dividend+5.3%
Residual / FX / buybacks / cross-term-26.1%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

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.