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9036.T$1337.00-0.82%
Fair $1337.00+0.0%

9036.T

Tohbu Network Co., Ltd.

Industrials / Integrated Freight & LogisticsTokyo

$1337.00

-11.00 (-0.82%)

Fairly Valued+0.0%Fair Value $1337.00Fund rank 38/100 · Data gapFallback financials|
SA 75/B
F-Score: 7/9
Margin 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 22% · confianza 25%

FCF escenarios

weak_data · normalized FCF $379.6M · quality 81.7/100

Data gap 38/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 83/100Data 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

75/100

B

Piotroski

7/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 2unknown: 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. Operating margin has declined for 3 consecutive years ROE is 0.5%, below the 5% threshold
Thesis & Journal · 9036.TLocal privado en este navegador · Tohbu Network 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

$7.4B

P/E

24.9x

↑

EV/EBITDA

3.6x

↓

ROE

0.5%

↓

Gross Margin

10.1%

↓

Debt/Equity

0.04

↓
52-Week Range$1337
$850$1446

TradingView lightweight chart

9036.T price, volumen y niveles de valoración

Último $1,337Periodo +113.9%
Fair value: $1,337

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

+5.5%

FCF CAGR

-6.2%

FCF margin

4.5%

FCF / Net income

4.42x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $10.37B · net income $105.7M · FCF $466.8M

2022-FY → 2025-FY

Gross margin

10.1%+0.6% pts

Operating margin

1.8%-2.8% pts

Net margin

1.0%-2.1% pts

FCF margin

4.5%-1.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$10.37B$10.37B$10.30B$9.87B$8.84B
Net Income$105.7M$105.7M$78.9M$414.1M$273.5M
EBITDA$1.06B$1.06B$1.02B$1.17B$968.9M
EPS18.6718.6714.5677.6550.53
Gross Margin10.1%10.1%10.0%10.4%9.5%
Operating Margin1.8%1.8%3.1%4.4%4.6%
Net Margin1.0%1.0%0.8%4.2%3.1%
Balance Sheet
Debt/Equity0.040.040.040.040.02
Current Ratio3.903.90———
Cash Flow
Free Cash Flow$466.8M$466.8M$378.6M$379.6M$566.2M
Returns
ROE0.5%0.5%0.4%2.1%1.5%
Valuation
P/E24.9424.9472.3211.0917.18
EV/EBITDA3.623.621.901.351.34
P/B0.370.370.280.240.25
Growth & Yield
Revenue Growth0.6%0.6%4.3%11.7%—
EPS Growth28.2%28.2%-81.2%53.7%—
Dividend Yield1.5%1.5%———

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

85.2%

muy exigente

EPS terminal req.

$118.64

Spread vs growth

-57.0%

5Y implied EPS CAGR

50.4%

muy exigente

EPS terminal req.

$143.55

Spread vs growth

-22.1%

10Y implied EPS CAGR

28.6%

muy exigente

EPS terminal req.

$231.19

Spread vs growth

-0.4%

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 +58.1%

Total return

+58.1%

Start / end P/E

58.7x → 71.6x

EPS bridge

14.56 → 18.67

Residual

+6.2%

EPS growth+28.2%
Multiple rerating+22.1%
Dividend+1.5%
Residual / FX / buybacks / cross-term+6.2%

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.