Added to YB: 2023-12-20
Pitch date: 2023-12-19
9311.T [bullish]
Asagami Corporation
+52.63%
current return
Author Info
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Company Info
Asagami Corporation provides logistics services in Japan. The company operates through Logistics Business, Real Estate Business, and Printing Business segments.
Market Cap
JPY 8.1B
Pitch Price
JPY 4.8K
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.46
P/E
9.40
EV/Sales
0.35
Sector
Marine Transportation
Category
value
Asagami Corporation (TYO 9311) is an Example of Widespread Undervaluation of Land on Japanese Balance Sheets. Disparity Between Book & Market Value is 3x Market Cap On Just 3 Properties
9311.T: Asagami Corp logistics & rental real estate biz deeply undervalued. ¥7.16B market cap vs ¥29.5B for just 3 of its Tokyo Harbor warehouses (<half land assets). 0.4x PTBV. ¥5.57B land reval in 2000 shows value. Illiquid, minor position only. Not financial advice.
Read full article (4 min)