Professional
Added to YB: 2024-07-30
Pitch date: 2024-06-30
8283.T [bullish]
Paltac Corporation
+56.84%
current return
Author Info
No bio for this author
Company Info
Paltac Corporation engages in the wholesale of cosmetics, daily necessities, and over-the-counter drugs in Japan.
Market Cap
JPY 402.0B
Pitch Price
JPY 4.2K
Price Target
N/A
Dividend
1.90%
EV/EBITDA
10.79
P/E
19.70
EV/Sales
0.27
Sector
Distributors
Category
value
Third Avenue Value Fund New Position: Paltac Corporation
8283.T: Japan's top health/beauty distributor. Growing market share, best-in-class tech, no debt, 20% mkt cap in cash. Steady revenue/earnings growth but valuation down 50% in 5yrs. Improving shareholder returns: 15 yrs dividend hikes, new buybacks. Potential MediPal takeover. Low-cost, high-margin ops. Trades cheap despite strong fundamentals.
Read full article (2 min)