
Joyful Honda Co., Ltd. (3191.T)
ValueMarkers Composite Index
3% below intrinsic value ($16)
Joyful Honda Co., Ltd. (3191.T) — VMCI valuation read
Joyful Honda Co., Ltd. sits at VMCI 61/100, with the Consumer Cyclical sector median at 50. That 11-point spread is the first thing to note on 3191.T: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.
Form 4 disclosures on 3191.T are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.
**Investor frame.** The Value read on 3191.T: 3191.T trades at 18.0x earnings, 0% above the Consumer Cyclical median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 8.0% trails the Consumer Cyclical median (10.0%) by 2.0pp. The Risk read: net debt to EBITDA of -1.7x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.
3191.T fell 1.8% over the trailing 7 days, with a +1.0% read on a 30-day basis.
Joyful Honda Co., Ltd. engages in the home improvement retail business in Japan. The company operates home centers, which provide timber, building materials, paints, tools, hardware, worker essentials, and electrical fittings; gardening and plumbing supplies, agricultural materials, and engine machinery; wallpapers, carpets and curtains, lighting fixtures, and electrical appliances, as well as daily living essentials, daily consumables, and fresh cut flowers; and storage goods, stationery and office supplies, outdoor goods, automotive accessories, bicycles, medicines, and alcoholic and non-alcoholic drinks. It also operates garden centers that offer flower seedlings, vegetable seedlings, plants, mulch and other soil for horticulture, fertilizers, plant pots and other gardening supplies, bricks, paving stones, and other landscaping supplies; pet centers, which provide dogs, cats, small animals, birds and fish, and pet supplies, as well as pet foods, cages, toys, and trimmer service facilities; and self-service gas stations. It operates 15 stores in Ibaraki, Chiba, Saitama, Tochigi, Gunma, and Tokyo. In addition, the company, through its subsidiaries, is involved in home renovation, art and craft supplies retail, sports club, vehicle inspection and maintenance, and tire sales and fitting businesses. It also operates an online shop. Joyful Honda Co., Ltd. was founded in 1975 and is headquartered in Tsuchiura, Japan.
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