Today I will talk about VT HOLDINGS, which mainly engages in automobile sales and inspection and maintenance.
※The above images are from VT HOLDINGS’s website
VT HOLDINGS, founded in 1983, is somewhat of a latecomer to a car dealerships.
After being listed, they have had repeated mergers and acquisitions every year to expand their scale.
In the rental car business field, they are increasing the number of stores, mostly focusing on area near airports or stations.
In addition, they are expanding into the global market through used car exports and mergers and acquisitions with overseas dealers.
￥421 （3/6 last closing price)
The latest stock price← click here Trading unit: 100
The final month of the settlement: March
Dividend yield 4.75 %
PER 15.29 PBR 1.27
Equity ratio 22.9 %
The number of newly registered automobiles in Japan is declining, but the number of owned car is increasing due to the lengthening of the number of years of ownership.
Although the automobile industry tends to be affected by economic trends, about 40% of their revenue is from the service sector, such as automobile inspection, repair, and commission income, so it can be said that their businesses are relatively stable.
From a global perspective, the fact that the number of automobiles owned in emerging countries is growing significantly and is also an attractive point.
VT HOLDINGS special benefits ← Click here for details
Transition of business results
|
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2018.3 |
202,133 |
6,780 |
3,765 |
32.0 |
18 |
56% |
|
2019.3 |
218,634 |
6,130 |
2,674 |
22.8 |
20 |
88% |
|
2020.3 |
207,468 |
5,277 |
2,079 |
17.7 |
20 |
113% |
|
2021.3 |
199,000 |
5,800 |
3,200 |
27.7 |
20 |
72% |
※Unit of sales, operating profit, net income is one-million yen
※The figure for March 2021 is the predicted value
|
Cash flow statement |
2020.3 |
2019.3 |
|
CF operating activities |
83 |
136 |
|
CF investing activities |
▲153 |
▲62 |
|
CF financing activities |
91 |
▲78 |
※One unit is one handled million yen
Note: You should be responsible for your own investment. Please make your own final judgment.