S B S Holdings, Inc. (2384) AI Stock Analysis

• Market Cap: ¥133.85B
• Dividend Yield: 2.05%
• Average Volume (3M): 50.81K
• Price to Earnings (P/E): 22.6
• Beta (1Y): 0.48
• Revenue Growth: 5.56%
• EPS Growth: -28.86%
• Country: JP
• Employees: 10,759
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): 40.98
• Shares Outstanding: 39,718,200
• 10 Day Avg. Volume: 49,520
• 30 Day Avg. Volume: 50,810
• PEG Ratio: -2.26
• Price to Book (P/B): 1.07
• Price to Sales (P/S): 0.21
• P/FCF Ratio: 34.95
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ¥3,646.00 ▲(6.76% Upside)

The overall stock score of 62 reflects stable financial performance with consistent profit margins and a solid equity base, despite a reliance on debt. Technical analysis indicates a lack of bullish momentum, with the stock trading below key moving averages. Valuation metrics suggest the stock is moderately valued, with a modest dividend yield. The absence of earnings call data and corporate events did not impact the score.

S B S Holdings, Inc. Business Overview & Revenue Model

Company Description

S B S Holdings, Inc. (2384) is a diversified investment company based in Japan, primarily engaged in the real estate and asset management sectors. The company focuses on acquiring, developing, and managing properties, as well as providing financial services and investment solutions to institutional and retail clients. Its core offerings include property management, real estate investment trusts (REITs), and various asset management services aimed at maximizing returns for its stakeholders.

How the Company Makes Money

S B S Holdings, Inc. generates revenue through several key streams. Primarily, the company earns income from its real estate operations, which include rental income from commercial and residential properties managed within its portfolio. Additionally, the firm's asset management division contributes to its earnings by charging management fees on the funds it manages, including REITs that attract both institutional and retail investors. The company may also engage in property development projects, generating profits from sales or leasing of newly developed properties. Strategic partnerships with financial institutions and other investment entities further bolster its revenue, enabling access to larger capital pools and diversified investment opportunities.

S B S Holdings, Inc. Financial Statement Overview

Summary

S B S Holdings, Inc. shows stable revenue growth and operational efficiency with consistent profit margins. The balance sheet reflects a solid equity base despite a higher reliance on debt. Cash flow management is strong in operating cash flow, but declining free cash flow suggests room for improving cash conversion efficiency.

Income Statement

The company shows a stable gross profit margin around 11% for the last two years, with a slight decrease from previous years. Net profit margin decreased slightly from 2.3% to 2.1% annually. Revenue growth has been modest, with a 3.8% increase in 2024 compared to 2023. EBIT and EBITDA margins are stable, indicating consistent operational efficiency.

Balance Sheet

The debt-to-equity ratio is slightly elevated at 1.18 in 2024, indicating a reliance on debt financing. However, the equity ratio is improving, currently at 27.8%, reflecting a strengthening equity base. Return on Equity has decreased slightly to 10.9%, suggesting moderate profitability on shareholders' equity.

Cash Flow

Free cash flow has decreased by 37.3% in 2024 compared to 2023, indicating potential pressure on liquidity. Operating cash flow to net income ratio is strong at 1.64, showing good cash generation relative to net income. However, the free cash flow to net income ratio has decreased, highlighting reduced cash conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	454.94B	448.14B	431.91B	455.48B	403.49B	257.19B
Gross Profit	46.03B	49.84B	50.14B	50.54B	46.72B	26.80B
EBITDA	25.51B	30.37B	30.32B	33.74B	31.11B	19.32B
Net Income	5.92B	9.62B	10.06B	11.73B	10.79B	6.83B
Balance Sheet
Total Assets	328.86B	317.29B	301.32B	296.90B	277.20B	254.55B
Cash, Cash Equivalents and Short-Term Investments	26.47B	29.70B	29.67B	32.67B	23.80B	27.54B
Total Debt	108.06B	104.51B	101.59B	104.09B	98.66B	100.83B
Total Liabilities	215.36B	204.34B	198.73B	204.73B	196.49B	186.41B
Stockholders Equity	88.15B	88.22B	79.58B	70.38B	60.67B	50.75B
Cash Flow
Free Cash Flow	0.00	2.70B	4.30B	5.33B	14.61B	5.38B
Operating Cash Flow	0.00	15.81B	14.11B	22.41B	27.47B	17.26B
Investing Cash Flow	0.00	-16.72B	-10.18B	-15.89B	-22.34B	-30.48B
Financing Cash Flow	0.00	-1.29B	-7.65B	489.00M	-9.28B	22.73B

S B S Holdings, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3415.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2384, the sentiment is Positive. The current price of 3415 is below the 20-day moving average (MA) of 3451.75, below the 50-day MA of 3537.50, and above the 200-day MA of 3031.11, indicating a neutral trend. The MACD of -43.80 indicates Positive momentum. The RSI at 44.14 is Neutral, neither overbought nor oversold. The STOCH value of 27.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2384.

S B S Holdings, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9037	78 Outperform	¥116.09B	11.96	―	2.20%	3.09%	8.50%
9066	77 Outperform	―	―	―	―	8.81%	-42.49%
9068	72 Outperform	¥138.35B	13.40	―	2.67%	2.94%	2.46%
9090	64 Neutral	¥139.87B	17.32	―	3.11%	8.14%	11.47%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
2384	62 Neutral	¥133.85B	22.60	―	2.05%	5.56%	-28.86%

S B S Holdings, Inc. Corporate Events

SBS Holdings Reports Mixed Financial Results for First Half of 2025

SBS Holdings, Inc. reported a modest increase in net sales for the first half of 2025, but experienced significant declines in operating income, ordinary income, and net income compared to the previous year. Despite these challenges, the company forecasts a positive outlook for the full fiscal year, with expected growth in net sales and income, indicating potential recovery and resilience in its operations.