WATCH Tokyotokeiba Co.,Ltd. (9672.T)
Consumer Cyclical · Gambling · JPX · Japan
53
Final Score
-80.3%
Margin of Safety
63
Quality Score
¥5,080
Current Price
¥132.3B
Market Cap
Key Metrics
Pe Ratio
12.67
Forward Pe
13.26
Pb Ratio
1.35
Ev Ebitda
5.71
Roe
11.0%
Gross Margin
42.6%
Operating Margin
39.4%
Net Margin
25.0%
Dividend Yield
289.0%
Debt To Equity
16.95
Current Ratio
1.57
Beta
0.22
📈 Trend Charts
Revenue Trend
EPS Trend
Net Income Trend
Free Cash Flow Trend
Intrinsic Value Estimates
Low
¥2,254
Base
¥2,818
High
¥3,382
Pipeline Stage Details
Stage A — Hard Filters ✅
Pe Ratio
12.67
Eps Positive Years
4.00
Eps Lookback
4.00
Fcf Positive Years
3.00
Fcf Lookback
4.00
Debt To Equity
0.17
Current Ratio
1.57
Dilution Cagr
-0.02
Stage B — Quality Score: 63/100
Stage C — Cyclicality: LOW
Normalized EPS
¥351.67
Stage F — Final Score Breakdown
| Component | Weighted Score |
|---|---|
| Valuation | 3.0 |
| Earnings Quality | 15.7 |
| Balance Sheet | 16.0 |
| Stability | 12.0 |
| Moat Proxies | 6.4 |
Top Drivers
- Adequate quality (score 63/100): meets minimum quality thresholds for the Graham-Buffett framework.
- Reasonable P/E of 12.7x — below long-run market average (~15-17x), suggesting the stock is not overpriced.
- Conservative leverage: D/E ratio of 0.17x is well within Graham's maximum of 1.0x, reducing insolvency risk.
- Strong free cash flow generation — the company converts earnings into real cash effectively, supporting dividends, buybacks, and debt reduction.
- 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 |
|---|---|---|---|---|---|
| 2021 | N/A | N/A | N/A | N/A | ¥N/A |
| 2022 | ¥35.5B | ¥16.0B | ¥14.2B | ¥9.4B | ¥342.41 |
| 2023 | ¥37.5B | ¥15.4B | ¥13.4B | ¥8.5B | ¥308.37 |
| 2024 | ¥40.4B | ¥16.1B | ¥13.9B | ¥9.7B | ¥363.66 |
| 2025 | ¥41.8B | ¥17.7B | ¥15.4B | ¥10.5B | ¥392.22 |
Cash Flow History
| Year | Operating CF | CapEx | Free Cash Flow |
|---|---|---|---|
| 2021 | N/A | N/A | N/A |
| 2022 | ¥14.7B | ¥-6.9B | ¥7.8B |
| 2023 | ¥12.8B | ¥-19.9B | ¥-7.1B |
| 2024 | ¥16.1B | ¥-10.4B | ¥5.7B |
| 2025 | ¥19.9B | ¥-6.8B | ¥13.1B |