Professional
Added to YB: 2026-03-02
Pitch date: 2025-12-31
NTDOY [bullish]
Nintendo Co., Ltd.
-17.33%
current return
Author Info
No bio for this author
Company Info
Nintendo Co., Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally.
Market Cap
JPY 9.9T
Pitch Price
JPY 10.9K
Price Target
N/A
Dividend
N/A
EV/EBITDA
17.91
P/E
24.75
EV/Sales
3.60
Sector
Entertainment
Category
value
Crossroads Capital Portfolio Holding: Nintendo Co., Ltd.
NTDOY (added to position): Switch 2 shipped 7.01M units in fiscal Q3 (17M cumulative in 7 months), fastest console launch ever, on track for 19M FY target vs original Switch's 14.86M first year. Software attach 2.2 tie ratio matches original despite no Mario/Zelda. Bears fixated on memory cost margins (irrelevant—software = 90% op profit). 25 AAA 3P titles confirmed 2026 vs 3-4/yr on Switch 1. Film licensing, NSO pricing power, Oct '26 3D Mario launch tied to Galaxy movie = underappreciated earnings drivers. Down 45% from Aug highs on transient input cost fears. Added materially to position.
Read full article (13 min)