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7990

Globeride TSE:7990 Stock Report

Last Price

JP¥2.64k

Market Cap

JP¥60.6b

7D

13.7%

1Y

-33.8%

Updated

15 Aug, 2022

Data

Company Financials +
7990 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends4/6

7990 Stock Overview

Globeride, Inc. manufactures and sells sports and leisure products worldwide.

Globeride Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Globeride
Historical stock prices
Current Share PriceJP¥2,638.00
52 Week HighJP¥4,975.00
52 Week LowJP¥2,025.00
Beta1.22
1 Month Change24.08%
3 Month Change14.55%
1 Year Change-33.80%
3 Year Change72.42%
5 Year Change172.94%
Change since IPO-22.64%

Recent News & Updates

Shareholder Returns

7990JP LeisureJP Market
7D13.7%4.1%1.2%
1Y-33.8%0.5%-0.2%

Return vs Industry: 7990 underperformed the JP Leisure industry which returned 0.5% over the past year.

Return vs Market: 7990 underperformed the JP Market which returned -0.2% over the past year.

Price Volatility

Is 7990's price volatile compared to industry and market?
7990 volatility
7990 Average Weekly Movement6.1%
Leisure Industry Average Movement4.4%
Market Average Movement3.8%
10% most volatile stocks in JP Market7.8%
10% least volatile stocks in JP Market2.0%

Stable Share Price: 7990 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 7990's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of JP stocks.

About the Company

FoundedEmployeesCEOWebsite
19457,517Kazunari Suzukihttps://www.globeride.co.jp

Globeride, Inc. manufactures and sells sports and leisure products worldwide. It offers fishing equipment, golf equipment, tennis equipment, cycle sports equipment, etc. The company was incorporated in 1945 and is based in Tokyo, Japan.

Globeride Fundamentals Summary

How do Globeride's earnings and revenue compare to its market cap?
7990 fundamental statistics
Market CapJP¥60.58b
Earnings (TTM)JP¥9.97b
Revenue (TTM)JP¥124.65b

6.1x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
7990 income statement (TTM)
RevenueJP¥124.65b
Cost of RevenueJP¥77.49b
Gross ProfitJP¥47.15b
Other ExpensesJP¥37.19b
EarningsJP¥9.97b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)433.99
Gross Margin37.83%
Net Profit Margin7.99%
Debt/Equity Ratio58.9%

How did 7990 perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

12%

Payout Ratio

Does 7990 pay a reliable dividends?

See 7990 dividend history and benchmarks
When do you need to buy 7990 by to receive an upcoming dividend?
Globeride dividend dates
Ex Dividend DateSep 29 2022
Dividend Pay DateDec 07 2022
Days until Ex dividend44 days
Days until Dividend pay date113 days

Does 7990 pay a reliable dividends?

See 7990 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is 7990 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 7990?

Other financial metrics that can be useful for relative valuation.

7990 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA4.7x
PEG Ratio2.4x

Price to Earnings Ratio vs Peers

How does 7990's PE Ratio compare to its peers?

7990 PE Ratio vs Peers
The above table shows the PE ratio for 7990 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.8x
2767 Fields
23.1x35.4%JP¥44.5b
8022 Mizuno
7.9x0.4%JP¥67.0b
6238 FURYU
13.2x13.9%JP¥28.5b
7816 Snow Peak
26.8x26.1%JP¥88.6b
7990 Globeride
6.1x2.5%JP¥60.6b

Price-To-Earnings vs Peers: 7990 is good value based on its Price-To-Earnings Ratio (6.1x) compared to the peer average (17.8x).


Price to Earnings Ratio vs Industry

How does 7990's PE Ratio compare vs other companies in the JP Leisure Industry?

Price-To-Earnings vs Industry: 7990 is good value based on its Price-To-Earnings Ratio (6.1x) compared to the JP Leisure industry average (16.4x)


Price to Earnings Ratio vs Fair Ratio

What is 7990's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

7990 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.1x
Fair PE Ratio11.3x

Price-To-Earnings vs Fair Ratio: 7990 is good value based on its Price-To-Earnings Ratio (6.1x) compared to the estimated Fair Price-To-Earnings Ratio (11.3x).


Share Price vs Fair Value

What is the Fair Price of 7990 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 7990 (¥2638) is trading below our estimate of fair value (¥4935.62)

Significantly Below Fair Value: 7990 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is Globeride forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 7990's forecast earnings growth (2.5% per year) is above the savings rate (0.04%).

Earnings vs Market: 7990's earnings (2.5% per year) are forecast to grow slower than the JP market (8.5% per year).

High Growth Earnings: 7990's earnings are forecast to grow, but not significantly.

Revenue vs Market: 7990's revenue (4.3% per year) is forecast to grow faster than the JP market (4.3% per year).

High Growth Revenue: 7990's revenue (4.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 7990's Return on Equity is forecast to be low in 3 years time (16.2%).


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Past Performance

How has Globeride performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


35.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 7990 has high quality earnings.

Growing Profit Margin: 7990's current net profit margins (8%) are higher than last year (7.4%).


Past Earnings Growth Analysis

Earnings Trend: 7990's earnings have grown significantly by 35.6% per year over the past 5 years.

Accelerating Growth: 7990's earnings growth over the past year (20%) is below its 5-year average (35.6% per year).

Earnings vs Industry: 7990 earnings growth over the past year (20%) exceeded the Leisure industry 11.6%.


Return on Equity

High ROE: 7990's Return on Equity (23.7%) is considered high.


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Financial Health

How is Globeride's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 7990's short term assets (¥69.4B) exceed its short term liabilities (¥46.9B).

Long Term Liabilities: 7990's short term assets (¥69.4B) exceed its long term liabilities (¥12.2B).


Debt to Equity History and Analysis

Debt Level: 7990's net debt to equity ratio (32.8%) is considered satisfactory.

Reducing Debt: 7990's debt to equity ratio has reduced from 131.8% to 58.9% over the past 5 years.

Debt Coverage: 7990's debt is well covered by operating cash flow (28%).

Interest Coverage: 7990's interest payments on its debt are well covered by EBIT (147.5x coverage).


Balance Sheet


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Dividend

What is Globeride current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.27%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 16 2022Ex Dividend DateSep 29 2022Dividend Pay DateDec 07 202269 days from Ex DividendBuy in the next 44 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 7990's dividend (2.27%) is higher than the bottom 25% of dividend payers in the JP market (1.63%).

High Dividend: 7990's dividend (2.27%) is low compared to the top 25% of dividend payers in the JP market (3.59%).


Stability and Growth of Payments

Stable Dividend: 7990's dividends per share have been stable in the past 10 years.

Growing Dividend: 7990's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (11.5%), 7990's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (172.7%), 7990's dividend payments are not well covered by cash flows.


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Management

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

4.6yrs

Average management tenure


CEO

Kazunari Suzuki (61 yo)

4.83yrs

Tenure

Mr. Kazunari Suzuki is President and Representative Director of Globeride, Inc. since October 2017 and is its CEO. He was Manager of Golf Sales Department at Globeride, Inc. since January 2014 and was its...


Leadership Team

Experienced Management: 7990's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: 7990's board of directors are considered experienced (4.8 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

Globeride, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Globeride, Inc.
  • Ticker: 7990
  • Exchange: TSE
  • Founded: 1945
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Implied Market Cap: JP¥60.578b
  • Shares outstanding: 22.96m
  • Website: https://www.globeride.co.jp

Number of Employees


Location

  • Globeride, Inc.
  • 3-14-16 Maezawa
  • Higashi City
  • Tokyo
  • 203-8511
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.