TSE:3294

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Market Cap

JP¥6.5b

Last Updated

2021/06/11 08:24 UTC

Data Sources

Company Financials

Executive Summary

e'grand Co.,Ltd engages in the second-hand housing renovation activities in Japan. More Details


Snowflake Analysis

Undervalued with excellent balance sheet.

Share Price & News

How has e'grandLtd's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3294 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 3294's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-0.2%

3294

-1.0%

JP Consumer Durables

0.05%

JP Market


1 Year Return

49.8%

3294

37.2%

JP Consumer Durables

22.9%

JP Market

Return vs Industry: 3294 exceeded the JP Consumer Durables industry which returned 37.2% over the past year.

Return vs Market: 3294 exceeded the JP Market which returned 22.9% over the past year.


Shareholder returns

3294IndustryMarket
7 Day-0.2%-1.0%0.05%
30 Day7.6%4.3%3.8%
90 Day11.8%-3.6%0.1%
1 Year56.6%49.8%39.3%37.2%25.6%22.9%
3 Year1.7%-12.5%38.2%30.3%16.8%8.8%
5 Year125.5%82.0%127.3%106.4%72.8%53.8%

Long-Term Price Volatility Vs. Market

How volatile is e'grandLtd's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is e'grandLtd undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3294 (¥1033) is trading below our estimate of fair value (¥17012.67)

Significantly Below Fair Value: 3294 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3294 is good value based on its PE Ratio (7x) compared to the JP Consumer Durables industry average (11.1x).

PE vs Market: 3294 is good value based on its PE Ratio (7x) compared to the JP market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3294's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3294 is good value based on its PB Ratio (0.8x) compared to the JP Consumer Durables industry average (0.9x).


Future Growth

How is e'grandLtd forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.3%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as e'grandLtd has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has e'grandLtd performed over the past 5 years?

-2.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3294 has high quality earnings.

Growing Profit Margin: 3294's current net profit margins (4.6%) are higher than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: 3294's earnings have declined by 2.3% per year over the past 5 years.

Accelerating Growth: 3294's earnings growth over the past year (7.5%) exceeds its 5-year average (-2.3% per year).

Earnings vs Industry: 3294 earnings growth over the past year (7.5%) underperformed the Consumer Durables industry 19.2%.


Return on Equity

High ROE: 3294's Return on Equity (11.5%) is considered low.


Financial Health

How is e'grandLtd's financial position?


Financial Position Analysis

Short Term Liabilities: 3294's short term assets (¥17.6B) exceed its short term liabilities (¥8.3B).

Long Term Liabilities: 3294's short term assets (¥17.6B) exceed its long term liabilities (¥4.2B).


Debt to Equity History and Analysis

Debt Level: 3294's debt to equity ratio (138%) is considered high.

Reducing Debt: 3294's debt to equity ratio has reduced from 163.3% to 138% over the past 5 years.

Debt Coverage: 3294's debt is well covered by operating cash flow (24.6%).

Interest Coverage: 3294's interest payments on its debt are well covered by EBIT (11.3x coverage).


Balance Sheet


Dividend

What is e'grandLtd current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 3294's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 3294's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 3294's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3294's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 3294's dividend in 3 years as they are not forecast to pay a notable one for the JP market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

15.5yrs

Average management tenure


CEO

Hisashi Eguchi (63 yo)

32yrs

Tenure

Mr. Hisashi Eguchi has been the President and Representative Director of e'grand Co.,Ltd since June 1989. Mr. Eguchi joined Kajima Corp. in April 1980. Mr. Eguchi established e’grand Co., Ltd. in June 1989...


Leadership Team

Experienced Management: 3294's management team is seasoned and experienced (15.5 years average tenure).


Board Members

Experienced Board: 3294's board of directors are seasoned and experienced ( 14 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

e'grand Co.,Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: e'grand Co.,Ltd
  • Ticker: 3294
  • Exchange: TSE
  • Founded: 1989
  • Industry: Homebuilding
  • Sector: Consumer Durables
  • Market Cap: JP¥6.521b
  • Shares outstanding: 6.31m
  • Website: https://e-grand.co.jp

Number of Employees


Location

  • e'grand Co.,Ltd
  • 1-2-1, Kanda Nishikicho
  • 7th floor
  • Tokyo
  • 101-0054
  • Japan

Listings


Biography

e'grand Co.,Ltd engages in the second-hand housing renovation activities in Japan. It also leases real estate properties. The company was founded in 1989 and is headquartered in Tokyo, Japan.


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/11 08:24
End of Day Share Price2021/06/11 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.