Added to YB: 2026-09-11
Pitch date: 2026-09-09
6099.T [bullish]
Elan Corporation
+0.42%
current return
Author Info
No bio for this author
Company Info
Elan Corporation engages in the nursing care business primarily in Japan. The company provides services for rental with laundry service of clothes, towels, diapers, and other daily necessities to persons admitted to hospital patients and nursing home residents.
Market Cap
JPY 43.1B
Pitch Price
JPY 709.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.75
P/E
13.74
EV/Sales
0.63
Sector
Health Care Providers and Services
Category
growth
Elan: Temporary headwinds, under-recognised growth and a takeover
6099.T (monitor): Elan’s capital-light Japanese hospital and nursing-home care-kit rental business trades at 13.5x NTM earnings after adding back goodwill amortization, with an estimated ~9% free-cash-flow yield and substantial underpenetration supporting its 10% organic-growth goal. H1 gross margin rose 1.4 points to 22.6% after a switch to three-year depreciation, but low liquidity, Vietnam’s 7% H1 revenue decline, and the risk of continued capex eroding free cash flow require further work.
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