Opinions
Jason Del Vicario
Tobila Systems
4441-TYO
TOP PICK
May 27, 2024
N/A
Stock price when the opinion was issued
Technology
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
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PAST TOP PICK
(A Top Pick May 27/24, Up 24%)
Only one of its kind (anti-spam software) in Japan, plus the only one that actively shares information with police. The value is the database. Focus on the business, not the stocks. Increased revenues and earnings, FCF per share is coming up nicely. Dividend increases. Trades at a reasonable 15-16x PE for such a great business.
Technology
Doesn't have much competition. Stock price is below 15x PE, a good buying opportunity. Founder run and owned. No debt. High and consistent ROIC. Significant barriers to competitors. 15M users. Database of spam numbers and emails. Yields over 2%.
Small company, so he's sized his position accordingly at 1.5% weight. Excellent value at these levels. Expects it to grow earnings at 10-15% over the long term. That, combined with valuation, means forward returns should be very strong.