Added to YB: 2025-12-17
Pitch date: 2025-12-15
9537.T [bullish]
Hokuriku Gas Co.,Ltd.
-1.08%
current return
Author Info
No bio for this author
Company Info
Hokuriku Gas Co.,Ltd. operates gas business in Japan. The company produces, sells, and supplies gas to customers in Niigata, Nagaoka, Sanjo, Mitsuke, Ojiya, Kashiwazaki, and Kamo cities, as well as in Tagami town and Kariwa village.
Market Cap
JPY 17.7B
Pitch Price
JPY 3.7K
Price Target
5.7K (+55%)
Dividend
N/A
EV/EBITDA
1.62
P/E
6.04
EV/Sales
0.23
Sector
Gas Utilities
Category
value
A 112-Year Old local Monopoly Trading at +28.4% FCF Yield and 0.37× P/TBV - Hokuriku Gas Co.,Ltd.
9537.T: Hokuriku Gas owns 5,700km pipelines serving 400k customers in Niigata Prefecture, creating economic moat vs competitors. Trading at 5.5x FCF (18% yield), 54% below tangible book value. Minimal debt, stable essential service demand. Rate increases + Ojiya acquisition boosting profits despite energy costs.
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