WATCH Totech Corporation (9960.T)
Technology · Electronic Components · JPX · Japan
61
Final Score
-98.0%
Margin of Safety
82
Quality Score
¥3,875
Current Price
¥158.9B
Market Cap
Key Metrics
Pe Ratio
12.14
Forward Pe
15.18
Pb Ratio
2.13
Ev Ebitda
8.07
Roe
19.1%
Gross Margin
28.5%
Operating Margin
7.1%
Net Margin
7.6%
Dividend Yield
447.0%
Debt To Equity
10.99
Current Ratio
1.70
Beta
0.60
📈 Trend Charts
Revenue Trend
EPS Trend
Net Income Trend
Free Cash Flow Trend
Intrinsic Value Estimates
Low
¥1,565
Base
¥1,957
High
¥2,348
Pipeline Stage Details
Stage A — Hard Filters ✅
Pe Ratio
12.14
Eps Positive Years
4.00
Eps Lookback
4.00
Fcf Positive Years
4.00
Fcf Lookback
4.00
Debt To Equity
0.11
Current Ratio
1.70
Dilution Cagr
-0.00
Stage B — Quality Score: 82/100
Stage C — Cyclicality: LOW
Normalized EPS
¥222.24
Stage F — Final Score Breakdown
| Component | Weighted Score |
|---|---|
| Valuation | 3.0 |
| Earnings Quality | 20.6 |
| Balance Sheet | 16.0 |
| Stability | 12.0 |
| Moat Proxies | 9.0 |
Top Drivers
- Exceptional business quality (score 82/100): consistent profitability, strong returns on capital, and stable margins — hallmarks of a Buffett-style competitive moat.
- Reasonable P/E of 12.1x — below long-run market average (~15-17x), suggesting the stock is not overpriced.
- High ROIC of 17.9% — the business earns well above its cost of capital, indicating a strong competitive advantage and efficient capital allocation (Buffett seeks ROIC > 12%).
- Conservative leverage: D/E ratio of 0.11x is well within Graham's maximum of 1.0x, reducing insolvency risk.
- 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 | ¥126.7B | ¥31.6B | ¥7.7B | ¥5.2B | ¥127.43 |
| 2024 | ¥140.7B | ¥34.5B | ¥9.9B | ¥7.0B | ¥170.36 |
| 2025 | ¥156.0B | ¥41.9B | ¥14.6B | ¥11.2B | ¥272.00 |
| 2026 | ¥170.0B | ¥48.3B | ¥17.0B | ¥13.1B | ¥319.18 |
Cash Flow History
| Year | Operating CF | CapEx | Free Cash Flow |
|---|---|---|---|
| 2022 | N/A | N/A | N/A |
| 2023 | ¥4.8B | ¥-4.3B | ¥414.0M |
| 2024 | ¥9.9B | ¥-1.5B | ¥8.4B |
| 2025 | ¥13.9B | ¥-1.5B | ¥12.4B |
| 2026 | ¥9.6B | ¥-6.3B | ¥3.3B |