
Glory Ltd. (6457.T)
ValueMarkers Composite Index
74% below intrinsic value ($107)
Glory Ltd. (6457.T) — VMCI valuation read
Glory Ltd. sits at VMCI 54/100, with the Industrials sector median at 50. That 4-point spread is the first thing to note on 6457.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 6457.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 6457.T: 6457.T trades at 14.0x earnings, 22% below the Industrials median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 16.0% sits 6.0pp above the Industrials median (10.0%). The Risk read: net debt to EBITDA of 3.1x is the binding constraint on the bear case, anchoring the bear scenario on a measurable balance-sheet metric.
6457.T rose 2.0% over the trailing 7 days, with a -11.5% read on a 30-day basis.
Glory Ltd. develops and manufactures cash handling machines and systems. It operates through Financial Market, Retail and Transportation Market, Amusement Market, and Overseas Market segments. The company provides teller cash recyclers, bank note counters, bank sorters, coin dispensers, coin sorters, coin counters, coin wrappers, and rolled coin dispensers, as well as self service solutions, bank note deposit solutions, and assisted service software solutions; cash recycling systems, front office-cash recyclers, banknote recyclers, payment station, and coin deposit solutions; remote customer displays; UW-F series; WR-90/500; and OEM cash dispensing systems, OEM cash deposit machines, and OEM cash recycling systems. The company also offers software solutions, such as business intelligence, device management, resource planning, retail cash management, serial number management, teller connectivity, and managed services. In addition, it offers professional, maintenance, and Ubiqular manage treasury managed services. Further, the company offers open teller systems, card systems, pachinko prize dispensing machines, and ticket vending machines, as well as self-service kiosks, mail ordering systems, and digital menu boards. It serves the CIT, financial, gaming, OEM, restaurant, amusement, and retail industries. The company was formerly known as Kokuei Machinery Manufacturing Co., Ltd. and changed its name to Glory Ltd. in 1971. The company was founded in 1918 and is headquartered in Himeji, Japan.
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