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9904.T$237.00-3.19%
Fair $237.00+0.0%

9904.T

Verite Co., Ltd.

Consumer Cyclical / Luxury GoodsTokyo

$237.00

-8.00 (-3.19%)

Fairly Valued+0.0%Fair Value $237.00Fund rank 35/100 · Data gapFallback financials|
SA 45/C
F-Score: 6/9

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 24% · confianza 25%

FCF escenarios

weak_data · normalized FCF $315.0M · quality 69.0/100

Data gap 35/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 69/100Data 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

6/9

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); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · 9904.TLocal privado en este navegador · Verite 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

$6.4B

P/E

19.9x

↑

EV/EBITDA

5.7x

↓

ROE

12.7%

↑

Gross Margin

69.2%

↑

Debt/Equity

0.34

↓
52-Week Range$237
$242$423

TradingView lightweight chart

9904.T price, volumen y niveles de valoración

Último $243.00Periodo +20.9%
Fair value: $237.00

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

+3.0%

FCF CAGR

-26.0%

FCF margin

4.0%

FCF / Net income

0.55x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $7.95B · net income $569.0M · FCF $315.0M

2022-FY → 2025-FY

Gross margin

69.2%-2.2% pts

Operating margin

11.0%+0.4% pts

Net margin

7.2%+0.8% pts

FCF margin

4.0%-6.7% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$7.95B$7.95B$7.64B$7.62B$7.27B
Net Income$569.0M$569.0M$502.0M$545.0M$464.0M
EBITDA$1.05B$1.05B$932.0M$994.0M$899.0M
EPS21.0021.0018.5220.1217.10
Gross Margin69.2%69.2%69.9%71.2%71.4%
Operating Margin11.0%11.0%11.2%12.2%10.7%
Net Margin7.2%7.2%6.6%7.2%6.4%
Balance Sheet
Debt/Equity0.340.340.340.220.34
Current Ratio2.412.41———
Cash Flow
Free Cash Flow$315.0M$315.0M$298.0M$722.0M$777.0M
Returns
ROE12.7%12.7%11.3%12.2%10.6%
Valuation
P/E19.9519.9521.7117.4528.54
EV/EBITDA5.685.6811.048.7014.00
P/B1.441.442.462.143.03
Growth & Yield
Revenue Growth4.0%4.0%0.3%4.8%—
EPS Growth13.4%13.4%-8.0%17.7%—
Dividend Yield2.5%2.5%———

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

0.0%

fácil

EPS terminal req.

$21.03

Spread vs growth

13.3%

5Y implied EPS CAGR

3.9%

fácil

EPS terminal req.

$25.45

Spread vs growth

9.5%

10Y implied EPS CAGR

6.9%

razonable

EPS terminal req.

$40.98

Spread vs growth

6.5%

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 -30.2%

Total return

-30.2%

Start / end P/E

19.5x → 11.6x

EPS bridge

18.52 → 21.00

Residual

-5.4%

EPS growth+13.4%
Multiple rerating-40.6%
Dividend+2.5%
Residual / FX / buybacks / cross-term-5.4%

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.