WATCH TPR Co., Ltd. (6463.T)
Consumer Cyclical · Auto Parts · JPX · Japan
58
Final Score
1.2%
Margin of Safety
51
Quality Score
¥1,643
Current Price
¥105.0B
Market Cap
Key Metrics
Pe Ratio
11.48
Forward Pe
5.28
Pb Ratio
0.60
Ev Ebitda
4.58
Roe
5.9%
Gross Margin
22.1%
Operating Margin
4.1%
Net Margin
4.7%
Dividend Yield
371.0%
Debt To Equity
12.05
Current Ratio
2.20
Beta
0.38
📈 Trend Charts
Revenue Trend
EPS Trend
Net Income Trend
Free Cash Flow Trend
Intrinsic Value Estimates
Low
¥1,330
Base
¥1,662
High
¥1,995
Pipeline Stage Details
Stage A — Hard Filters ✅
Pe Ratio
11.48
Eps Positive Years
4.00
Eps Lookback
4.00
Fcf Positive Years
4.00
Fcf Lookback
4.00
Debt To Equity
0.12
Current Ratio
2.20
Dilution Cagr
-0.01
Stage B — Quality Score: 51/100
Stage C — Cyclicality: LOW
Normalized EPS
¥113.24
Stage F — Final Score Breakdown
| Component | Weighted Score |
|---|---|
| Valuation | 10.5 |
| Earnings Quality | 12.7 |
| Balance Sheet | 18.0 |
| Stability | 12.0 |
| Moat Proxies | 5.0 |
Top Drivers
- Modest discount: 1% margin of safety (price ¥1,643 vs intrinsic ¥1,662).
- Reasonable P/E of 11.5x — below long-run market average (~15-17x), suggesting the stock is not overpriced.
- Fortress balance sheet: D/E of 0.12x (conservative) and current ratio of 2.20x — ample liquidity and low financial risk. Graham emphasis on capital preservation.
- Low cyclicality: earnings are relatively stable and predictable, making intrinsic value estimates more reliable.
Top Risks
- No significant risks identified in this analysis.
Financial History
| Year | Revenue | Gross Profit | Operating Income | Net Income | EPS |
|---|---|---|---|---|---|
| 2023 | ¥178.6B | ¥34.2B | ¥6.9B | ¥3.8B | ¥56.45 |
| 2024 | ¥193.8B | ¥41.3B | ¥12.5B | ¥8.2B | ¥121.53 |
| 2025 | ¥192.5B | ¥40.9B | ¥11.2B | ¥8.9B | ¥131.86 |
| 2026 | ¥190.6B | ¥41.7B | ¥10.3B | ¥9.4B | ¥143.10 |
Cash Flow History
| Year | Operating CF | CapEx | Free Cash Flow |
|---|---|---|---|
| 2022 | N/A | N/A | N/A |
| 2023 | ¥21.1B | ¥-9.5B | ¥11.6B |
| 2024 | ¥24.4B | ¥-10.2B | ¥14.2B |
| 2025 | ¥21.7B | ¥-8.7B | ¥13.0B |
| 2026 | ¥22.7B | ¥-12.1B | ¥10.6B |