Added to YB: 2024-07-08
Pitch date: 2024-07-07
7115.T [neutral]
AlphaPurchase Corporation
+48.61%
current return
Author Info
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Company Info
AlphaPurchase Corporation provides maintenance, repair, and operations services in Japan. Its services include procurement of stationery, office equipment, and parts for repairing equipment and machinery; facility management services; and related services.
Market Cap
JPY 15.5B
Pitch Price
JPY 1.1K
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.41
P/E
15.39
EV/Sales
0.20
Sector
Commercial Services and Supplies
Category
value
AlphaPurchase: Leveraging technology to disrupt the Japanese MRO market
7115.T (overview): Japanese MRO provider w/ online procurement platform. 12% annual sales growth 15yrs, 15% ROE/ROIC, yet trades 5.5x EV/EBIT, 11.7% owner earnings yield. Key risk: MonotaRO entering core large corp segment threatens margins already declining (10.5% to 9.3% gross margin 2020-23). Binary outcome: stabilize margins for high-teens IRR or further compression poses significant downside. High operating leverage amplifies both scenarios.
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