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6082

RIDE ON EXPRESS HOLDINGS TSE:6082 Stock Report

Last Price

JP¥1.18k

Market Cap

JP¥11.8b

7D

2.4%

1Y

-18.9%

Updated

23 Jun, 2022

Data

Company Financials +
6082 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance1/6
Financial Health5/6
Dividends3/6

6082 Stock Overview

RIDE ON EXPRESS HOLDINGS Co., Ltd. engages in the home delivery of food in Japan.

Rewards

Trading at 74.9% below our estimate of its fair value

Earnings are forecast to grow 6.21% per year

Risk Analysis

High level of non-cash earnings

Unstable dividend track record

Does not have a meaningful market cap (¥12B)


RIDE ON EXPRESS HOLDINGS Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for RIDE ON EXPRESS HOLDINGS
Historical stock prices
Current Share PriceJP¥1,176.00
52 Week HighJP¥1,839.00
52 Week LowJP¥1,105.00
Beta0.19
1 Month Change2.26%
3 Month Change-9.05%
1 Year Change-18.90%
3 Year Change-0.84%
5 Year Change15.63%
Change since IPO-16.00%

Recent News & Updates

Shareholder Returns

6082JP HospitalityJP Market
7D2.4%1.4%1.0%
1Y-18.9%3.0%-7.1%

Return vs Industry: 6082 underperformed the JP Hospitality industry which returned 2.9% over the past year.

Return vs Market: 6082 underperformed the JP Market which returned -6.4% over the past year.

Price Volatility

Is 6082's price volatile compared to industry and market?
6082 volatility
6082 Average Weekly Movement4.1%
Hospitality Industry Average Movement3.0%
Market Average Movement4.2%
10% most volatile stocks in JP Market8.5%
10% least volatile stocks in JP Market2.3%

Stable Share Price: 6082 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 6082's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2001387Akira Emihttps://www.rideonexpresshd.co.jp

RIDE ON EXPRESS HOLDINGS Co., Ltd. engages in the home delivery of food in Japan. It delivers sushi under the Gin no Sara and Sushi Jojo!

RIDE ON EXPRESS HOLDINGS Fundamentals Summary

How do RIDE ON EXPRESS HOLDINGS's earnings and revenue compare to its market cap?
6082 fundamental statistics
Market CapJP¥11.80b
Earnings (TTM)JP¥1.25b
Revenue (TTM)JP¥25.70b

9.5x

P/E Ratio

0.5x

P/S Ratio

Is 6082 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
6082 income statement (TTM)
RevenueJP¥25.70b
Cost of RevenueJP¥13.15b
Gross ProfitJP¥12.55b
Other ExpensesJP¥11.31b
EarningsJP¥1.25b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 12, 2022

Earnings per share (EPS)124.21
Gross Margin48.83%
Net Profit Margin4.85%
Debt/Equity Ratio5.3%

How did 6082 perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

25%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 6082 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

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6082?

Other financial metrics that can be useful for relative valuation.

6082 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/Revenue0.3x
Enterprise Value/EBITDA3.1x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

How does 6082's PE Ratio compare to its peers?

6082 PE Ratio vs Peers
The above table shows the PE ratio for 6082 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average40.4x

Price-To-Earnings vs Peers: 6082 is good value based on its Price-To-Earnings Ratio (9.5x) compared to the peer average (40.4x).

Price to Earnings Ratio vs Industry

How does 6082's PE Ratio compare vs other companies in the Japanese Hospitality Industry?

Price-To-Earnings vs Industry: 6082 is good value based on its Price-To-Earnings Ratio (9.5x) compared to the JP Hospitality industry average (27.4x)

Price to Earnings Ratio vs Fair Ratio

What is 6082'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.

6082 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.5x
Fair PE Ratio17.4x

Price-To-Earnings vs Fair Ratio: 6082 is good value based on its Price-To-Earnings Ratio (9.5x) compared to the estimated Fair Price-To-Earnings Ratio (17.4x).

Share Price vs Fair Value

What is the Fair Price of 6082 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6082 (¥1176) is trading below our estimate of fair value (¥4685.46)

Significantly Below Fair Value: 6082 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: 6082 is poor value based on its PEG Ratio (1.5x)

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Future Growth

How is RIDE ON EXPRESS HOLDINGS forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

6.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6082's forecast earnings growth (6.2% per year) is above the savings rate (0.02%).

Earnings vs Market: 6082's earnings (6.2% per year) are forecast to grow slower than the JP market (8.9% per year).

High Growth Earnings: 6082's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6082's revenue (3.7% per year) is forecast to grow slower than the JP market (4.4% per year).

High Growth Revenue: 6082's revenue (3.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if 6082's Return on Equity is forecast to be high in 3 years time

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Past Performance

How has RIDE ON EXPRESS HOLDINGS performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE

24.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6082 has a high level of non-cash earnings.

Growing Profit Margin: 6082's current net profit margins (4.8%) are lower than last year (5.9%).

Past Earnings Growth Analysis

Earnings Trend: 6082's earnings have grown significantly by 24% per year over the past 5 years.

Accelerating Growth: 6082's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6082 had negative earnings growth (-16.8%) over the past year, making it difficult to compare to the Hospitality industry average (68.8%).

Return on Equity

High ROE: 6082's Return on Equity (16.9%) is considered low.

Discover strong past performing companies

Financial Health

How is RIDE ON EXPRESS HOLDINGS's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 6082's short term assets (¥7.3B) exceed its short term liabilities (¥3.6B).

Long Term Liabilities: 6082's short term assets (¥7.3B) exceed its long term liabilities (¥536.0M).

Debt to Equity History and Analysis

Debt Level: 6082 has more cash than its total debt.

Reducing Debt: 6082's debt to equity ratio has increased from 2.1% to 5.3% over the past 5 years.

Debt Coverage: 6082's debt is well covered by operating cash flow (310.5%).

Interest Coverage: 6082 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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Dividend

What is RIDE ON EXPRESS HOLDINGS current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

2.55%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 6082's dividend (2.55%) is higher than the bottom 25% of dividend payers in the JP market (1.7%).

High Dividend: 6082's dividend (2.55%) is low compared to the top 25% of dividend payers in the JP market (3.76%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 6082 has been paying a dividend for less than 10 years.

Growing Dividend: 6082's dividend payments have increased, but the company has only paid a dividend for 7 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (25.2%), 6082's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (53.6%), 6082's dividend payments are covered by cash flows.

Discover strong dividend paying companies

Management

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

11.8yrs

Average board tenure

CEO

Akira Emi (62 yo)

20.92yrs

Tenure

Mr. Akira Emi serves as Chief Executive Officer at RIDE ON EXPRESS HOLDINGS Co., Ltd. (formerly known as Ride On Express Co., Ltd.) Mr. Emi has been President at RIDE ON EXPRESS HOLDINGS Co., Ltd. (formerl...

Board Members

Experienced Board: 6082's board of directors are seasoned and experienced ( 11.8 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

RIDE ON EXPRESS HOLDINGS Co., Ltd.'s employee growth, exchange listings and data sources

Key Information

  • Name: RIDE ON EXPRESS HOLDINGS Co., Ltd.
  • Ticker: 6082
  • Exchange: TSE
  • Founded: 2001
  • Industry: Restaurants
  • Sector: Consumer Services
  • Implied Market Cap: JP¥11.797b
  • Shares outstanding: 10.03m
  • Website: https://www.rideonexpresshd.co.jp

Number of Employees

Location

  • RIDE ON EXPRESS HOLDINGS Co., Ltd.
  • Sumitomo Real Estate Mita Twin Building
  • West Building, 17th Floor
  • Tokyo
  • Tokyo
  • 108-6317
  • Japan

Listings

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/23 00:00
End of Day Share Price2022/06/23 00:00
Earnings2022/03/31
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.