Apple International (D90) 주식 개요는 일본 및 해외에서 자동차 수출업체로 활동하고 있습니다. 자세히 보기D90 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적4/6재무 건전성4/6배당2/6강점주가수익률(4.3x)이 German 시장(16.8x)보다 낮습니다.지난 1년간 수익이 26.3% 증가했습니다.위험 분석부채는 operating cash flow로 충분히 감당되지 않습니다.재무 결과에 영향을 미치는 대규모 일회성 항목의미 있는 시가총액이 없습니다(€25M)2.77% 의 배당금은 잉여현금흐름으로 잘 충당되지 않습니다.모든 위험 점검 보기D90 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€1.9135.0% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture098b2016201920222025202620282031Revenue JP¥97.9bEarnings JP¥2.4bAdvancedSet Fair ValueView all narrativesApple International Co., Ltd. 경쟁사DelticomSymbol: XTRA:DEXMarket cap: €36.6mPlatform Group SE KGaASymbol: XTRA:TPG0Market cap: €22.2mWeng Fine ArtSymbol: DB:WFAMarket cap: €20.4mBike24 HoldingSymbol: XTRA:BIKEMarket cap: €113.5m가격 이력 및 성과Apple International 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가JP¥1.9152주 최고가JP¥2.1452주 최저가JP¥1.75베타-0.691개월 변동-3.54%3개월 변동4.95%1년 변동-3.05%3년 변동-1.04%5년 변동n/aIPO 이후 변동8.78%최근 뉴스 및 업데이트공시 • Jun 26Apple International Co., Ltd. to Report Q2, 2026 Results on Aug 10, 2026Apple International Co., Ltd. announced that they will report Q2, 2026 results on Aug 10, 2026Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €2.04, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 18x in the Specialty Retail industry in Germany. Total returns to shareholders of 19% over the past three years.Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Fuji Yoichi was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Feb 13Apple International Co., Ltd., Annual General Meeting, Mar 27, 2026Apple International Co., Ltd., Annual General Meeting, Mar 27, 2026.공시 • Dec 27Apple International Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026Apple International Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026공시 • Sep 23Apple International Co., Ltd. to Report Q3, 2025 Results on Nov 14, 2025Apple International Co., Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025더 많은 업데이트 보기Recent updates공시 • Jun 26Apple International Co., Ltd. to Report Q2, 2026 Results on Aug 10, 2026Apple International Co., Ltd. announced that they will report Q2, 2026 results on Aug 10, 2026Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €2.04, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 18x in the Specialty Retail industry in Germany. Total returns to shareholders of 19% over the past three years.Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Fuji Yoichi was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Feb 13Apple International Co., Ltd., Annual General Meeting, Mar 27, 2026Apple International Co., Ltd., Annual General Meeting, Mar 27, 2026.공시 • Dec 27Apple International Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026Apple International Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026공시 • Sep 23Apple International Co., Ltd. to Report Q3, 2025 Results on Nov 14, 2025Apple International Co., Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025공시 • Jun 26Apple International Co., Ltd. to Report Q2, 2025 Results on Aug 08, 2025Apple International Co., Ltd. announced that they will report Q2, 2025 results on Aug 08, 2025공시 • Mar 27Apple International Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Apple International Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025공시 • Feb 14Apple International Co., Ltd., Annual General Meeting, Mar 28, 2025Apple International Co., Ltd., Annual General Meeting, Mar 28, 2025.공시 • Jan 03Apple International Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025Apple International Co., Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025Board Change • Dec 30Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 1 independent director (4 non-independent directors). Independent Outside Director Yoshimasa Nishida was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: JP¥26.71 (vs JP¥18.31 in 3Q 2023)Third quarter 2024 results: EPS: JP¥26.71 (up from JP¥18.31 in 3Q 2023). Revenue: JP¥10.4b (up 40% from 3Q 2023). Net income: JP¥343.0m (up 45% from 3Q 2023). Profit margin: 3.3% (up from 3.2% in 3Q 2023). The increase in margin was driven by higher revenue.공시 • Sep 25Apple International Co., Ltd. to Report Q3, 2024 Results on Nov 08, 2024Apple International Co., Ltd. announced that they will report Q3, 2024 results on Nov 08, 2024Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €2.44, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 24x in the Specialty Retail industry in Germany. Total loss to shareholders of 16% over the past year.공시 • Jun 22Apple International Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024Apple International Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024New Risk • Jun 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (€41.8m market cap, or US$44.9m).Valuation Update With 7 Day Price Move • Jun 14Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €3.54, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 24x in the Specialty Retail industry in Germany. Total returns to shareholders of 94% over the past year.Reported Earnings • May 13First quarter 2024 earnings released: EPS: JP¥33.02 (vs JP¥23.30 in 1Q 2023)First quarter 2024 results: EPS: JP¥33.02 (up from JP¥23.30 in 1Q 2023). Revenue: JP¥13.4b (up 67% from 1Q 2023). Net income: JP¥424.0m (up 41% from 1Q 2023). Profit margin: 3.2% (down from 3.8% in 1Q 2023). The decrease in margin was driven by higher expenses.공시 • Mar 28Apple International Co., Ltd. to Report Q1, 2024 Results on May 10, 2024Apple International Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024New Risk • Mar 14New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Market cap is less than US$100m (€33.5m market cap, or US$36.6m).공시 • Feb 19Apple International Co., Ltd., Annual General Meeting, Mar 28, 2024Apple International Co., Ltd., Annual General Meeting, Mar 28, 2024.공시 • Dec 21Apple International Co., Ltd. to Report Fiscal Year 2023 Results on Feb 16, 2024Apple International Co., Ltd. announced that they will report fiscal year 2023 results on Feb 16, 2024New Risk • Nov 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Market cap is less than US$100m (€34.0m market cap, or US$37.1m).Reported Earnings • Nov 12Third quarter 2023 earnings released: EPS: JP¥18.31 (vs JP¥48.10 in 3Q 2022)Third quarter 2023 results: EPS: JP¥18.31 (down from JP¥48.10 in 3Q 2022). Revenue: JP¥7.42b (down 28% from 3Q 2022). Net income: JP¥236.0m (down 62% from 3Q 2022). Profit margin: 3.2% (down from 6.1% in 3Q 2022). The decrease in margin was driven by lower revenue.공시 • Sep 21Apple International Co., Ltd. to Report Q3, 2023 Results on Nov 10, 2023Apple International Co., Ltd. announced that they will report Q3, 2023 results on Nov 10, 2023Valuation Update With 7 Day Price Move • Sep 12Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €3.34, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 52x in the Specialty Retail industry in Germany.공시 • Sep 01Apple International Co., Ltd. (TSE:2788) announces an Equity Buyback for 90,000 shares, representing 0.7% for ¥45.27 million.Apple International Co., Ltd. (TSE:2788) announces a share repurchase program. Under the program, the company will repurchase up to 90,000 shares, representing 0.70% of its issued share capital (excluding treasury stock), for a total purchase price of ¥45.27 million. The shares will be repurchased at a price of ¥503 per share. The purpose of the program is to improve capital efficiency. As of June 30, 2023, the company has 12,921,124 issued shares (excluding treasury stock) and 930,276 treasury shares.New Risk • Aug 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 49% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (49% accrual ratio). Minor Risk Market cap is less than US$100m (€35.7m market cap, or US$38.9m).Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: JP¥37.38 (vs JP¥28.52 in 2Q 2022)Second quarter 2023 results: EPS: JP¥37.38 (up from JP¥28.52 in 2Q 2022). Revenue: JP¥8.13b (up 8.9% from 2Q 2022). Net income: JP¥483.0m (up 22% from 2Q 2022). Profit margin: 5.9% (up from 5.3% in 2Q 2022). The increase in margin was driven by higher revenue.New Risk • Aug 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risk Market cap is less than US$100m (€37.6m market cap, or US$41.4m).Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €2.84, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 24x in the Specialty Retail industry in Germany.공시 • Jun 23Apple International Co., Ltd. to Report Q2, 2023 Results on Aug 10, 2023Apple International Co., Ltd. announced that they will report Q2, 2023 results on Aug 10, 2023Reported Earnings • May 16First quarter 2023 earnings released: EPS: JP¥23.30 (vs JP¥10.40 in 1Q 2022)First quarter 2023 results: EPS: JP¥23.30 (up from JP¥10.40 in 1Q 2022). Revenue: JP¥7.99b (up 48% from 1Q 2022). Net income: JP¥301.0m (up 109% from 1Q 2022). Profit margin: 3.8% (up from 2.7% in 1Q 2022). The increase in margin was driven by higher revenue.Board Change • May 15No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 8 highly experienced directors. No independent directors (7 non-independent directors). GM of Administration & Director Shigeki Shimizu was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.주주 수익률D90DE Specialty RetailDE 시장7D-1.5%-0.7%-1.7%1Y-3.0%-11.0%-0.6%전체 주주 수익률 보기수익률 대 산업: D90은 지난 1년 동안 -11%의 수익을 기록한 German Specialty Retail 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: D90은 지난 1년 동안 -0.6%를 기록한 German 시장보다 저조한 성과를 냈습니다.주가 변동성Is D90's price volatile compared to industry and market?D90 volatilityD90 Average Weekly Movement4.8%Specialty Retail Industry Average Movement5.1%Market Average Movement5.7%10% most volatile stocks in DE Market13.3%10% least volatile stocks in DE Market2.8%안정적인 주가: D90는 지난 3개월 동안 German 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: D90의 주간 변동성(5%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트199683Yoshinobu Kubowww.apple-international.com애플 인터내셔널은 일본 및 해외에서 자동차 수출업체로 활동하고 있습니다. 또한 중고차 프랜차이즈 사업과 자동차 경매 사업에도 관여하고 있습니다. 애플 인터내셔널은 1996년에 설립되었으며 일본 욧카이치에 본사를 두고 있습니다.더 보기Apple International Co., Ltd. 기초 지표 요약Apple International의 순이익과 매출은 시가총액과 어떻게 비교됩니까?D90 기초 통계시가총액€25.33m순이익 (TTM)€5.86m매출 (TTM)€240.82m4.3x주가수익비율(P/E)0.1x주가매출비율(P/S)D90는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표D90 손익계산서 (TTM)매출JP¥44.36b매출원가JP¥41.09b총이익JP¥3.27b기타 비용JP¥2.19b순이익JP¥1.08b최근 보고된 실적Mar 31, 2026다음 실적 발표일Aug 10, 2026주당순이익(EPS)83.49총이익률7.37%순이익률2.43%부채/자본 비율78.0%D90의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당2.8%현재 배당 수익률12%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/26 06:27종가2026/06/26 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Apple International Co., Ltd.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
공시 • Jun 26Apple International Co., Ltd. to Report Q2, 2026 Results on Aug 10, 2026Apple International Co., Ltd. announced that they will report Q2, 2026 results on Aug 10, 2026
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €2.04, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 18x in the Specialty Retail industry in Germany. Total returns to shareholders of 19% over the past three years.
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Fuji Yoichi was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Feb 13Apple International Co., Ltd., Annual General Meeting, Mar 27, 2026Apple International Co., Ltd., Annual General Meeting, Mar 27, 2026.
공시 • Dec 27Apple International Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026Apple International Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026
공시 • Sep 23Apple International Co., Ltd. to Report Q3, 2025 Results on Nov 14, 2025Apple International Co., Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025
공시 • Jun 26Apple International Co., Ltd. to Report Q2, 2026 Results on Aug 10, 2026Apple International Co., Ltd. announced that they will report Q2, 2026 results on Aug 10, 2026
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €2.04, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 18x in the Specialty Retail industry in Germany. Total returns to shareholders of 19% over the past three years.
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Fuji Yoichi was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Feb 13Apple International Co., Ltd., Annual General Meeting, Mar 27, 2026Apple International Co., Ltd., Annual General Meeting, Mar 27, 2026.
공시 • Dec 27Apple International Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026Apple International Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026
공시 • Sep 23Apple International Co., Ltd. to Report Q3, 2025 Results on Nov 14, 2025Apple International Co., Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025
공시 • Jun 26Apple International Co., Ltd. to Report Q2, 2025 Results on Aug 08, 2025Apple International Co., Ltd. announced that they will report Q2, 2025 results on Aug 08, 2025
공시 • Mar 27Apple International Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Apple International Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025
공시 • Feb 14Apple International Co., Ltd., Annual General Meeting, Mar 28, 2025Apple International Co., Ltd., Annual General Meeting, Mar 28, 2025.
공시 • Jan 03Apple International Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025Apple International Co., Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025
Board Change • Dec 30Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 1 independent director (4 non-independent directors). Independent Outside Director Yoshimasa Nishida was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: JP¥26.71 (vs JP¥18.31 in 3Q 2023)Third quarter 2024 results: EPS: JP¥26.71 (up from JP¥18.31 in 3Q 2023). Revenue: JP¥10.4b (up 40% from 3Q 2023). Net income: JP¥343.0m (up 45% from 3Q 2023). Profit margin: 3.3% (up from 3.2% in 3Q 2023). The increase in margin was driven by higher revenue.
공시 • Sep 25Apple International Co., Ltd. to Report Q3, 2024 Results on Nov 08, 2024Apple International Co., Ltd. announced that they will report Q3, 2024 results on Nov 08, 2024
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €2.44, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 24x in the Specialty Retail industry in Germany. Total loss to shareholders of 16% over the past year.
공시 • Jun 22Apple International Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024Apple International Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024
New Risk • Jun 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (€41.8m market cap, or US$44.9m).
Valuation Update With 7 Day Price Move • Jun 14Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €3.54, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 24x in the Specialty Retail industry in Germany. Total returns to shareholders of 94% over the past year.
Reported Earnings • May 13First quarter 2024 earnings released: EPS: JP¥33.02 (vs JP¥23.30 in 1Q 2023)First quarter 2024 results: EPS: JP¥33.02 (up from JP¥23.30 in 1Q 2023). Revenue: JP¥13.4b (up 67% from 1Q 2023). Net income: JP¥424.0m (up 41% from 1Q 2023). Profit margin: 3.2% (down from 3.8% in 1Q 2023). The decrease in margin was driven by higher expenses.
공시 • Mar 28Apple International Co., Ltd. to Report Q1, 2024 Results on May 10, 2024Apple International Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024
New Risk • Mar 14New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Market cap is less than US$100m (€33.5m market cap, or US$36.6m).
공시 • Feb 19Apple International Co., Ltd., Annual General Meeting, Mar 28, 2024Apple International Co., Ltd., Annual General Meeting, Mar 28, 2024.
공시 • Dec 21Apple International Co., Ltd. to Report Fiscal Year 2023 Results on Feb 16, 2024Apple International Co., Ltd. announced that they will report fiscal year 2023 results on Feb 16, 2024
New Risk • Nov 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Market cap is less than US$100m (€34.0m market cap, or US$37.1m).
Reported Earnings • Nov 12Third quarter 2023 earnings released: EPS: JP¥18.31 (vs JP¥48.10 in 3Q 2022)Third quarter 2023 results: EPS: JP¥18.31 (down from JP¥48.10 in 3Q 2022). Revenue: JP¥7.42b (down 28% from 3Q 2022). Net income: JP¥236.0m (down 62% from 3Q 2022). Profit margin: 3.2% (down from 6.1% in 3Q 2022). The decrease in margin was driven by lower revenue.
공시 • Sep 21Apple International Co., Ltd. to Report Q3, 2023 Results on Nov 10, 2023Apple International Co., Ltd. announced that they will report Q3, 2023 results on Nov 10, 2023
Valuation Update With 7 Day Price Move • Sep 12Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €3.34, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 52x in the Specialty Retail industry in Germany.
공시 • Sep 01Apple International Co., Ltd. (TSE:2788) announces an Equity Buyback for 90,000 shares, representing 0.7% for ¥45.27 million.Apple International Co., Ltd. (TSE:2788) announces a share repurchase program. Under the program, the company will repurchase up to 90,000 shares, representing 0.70% of its issued share capital (excluding treasury stock), for a total purchase price of ¥45.27 million. The shares will be repurchased at a price of ¥503 per share. The purpose of the program is to improve capital efficiency. As of June 30, 2023, the company has 12,921,124 issued shares (excluding treasury stock) and 930,276 treasury shares.
New Risk • Aug 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 49% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (49% accrual ratio). Minor Risk Market cap is less than US$100m (€35.7m market cap, or US$38.9m).
Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: JP¥37.38 (vs JP¥28.52 in 2Q 2022)Second quarter 2023 results: EPS: JP¥37.38 (up from JP¥28.52 in 2Q 2022). Revenue: JP¥8.13b (up 8.9% from 2Q 2022). Net income: JP¥483.0m (up 22% from 2Q 2022). Profit margin: 5.9% (up from 5.3% in 2Q 2022). The increase in margin was driven by higher revenue.
New Risk • Aug 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risk Market cap is less than US$100m (€37.6m market cap, or US$41.4m).
Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €2.84, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 24x in the Specialty Retail industry in Germany.
공시 • Jun 23Apple International Co., Ltd. to Report Q2, 2023 Results on Aug 10, 2023Apple International Co., Ltd. announced that they will report Q2, 2023 results on Aug 10, 2023
Reported Earnings • May 16First quarter 2023 earnings released: EPS: JP¥23.30 (vs JP¥10.40 in 1Q 2022)First quarter 2023 results: EPS: JP¥23.30 (up from JP¥10.40 in 1Q 2022). Revenue: JP¥7.99b (up 48% from 1Q 2022). Net income: JP¥301.0m (up 109% from 1Q 2022). Profit margin: 3.8% (up from 2.7% in 1Q 2022). The increase in margin was driven by higher revenue.
Board Change • May 15No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 8 highly experienced directors. No independent directors (7 non-independent directors). GM of Administration & Director Shigeki Shimizu was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
