Shimano Inc

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Shimano, Inc. engages in the development, production and distribution of bicycle components, fishing tackle, and rowing equipment. It operates through the following segments: Bicycle Parts, Fishing Equipment, and Others. The Bicycle Parts segment manufactures and sells derailleur gears, brakes, wheel and other related products. The Fishing Equipment segment includes reels, rods, and fishing gears. The Others segment comprises of cold-forged products and rowing equipment. The company was founded by Shozaburo Shimano in February 1921 and is headquartered in Sakai, Japan.

Shimano dominates the bicycle components market, and has a significant presence in fishing tackle, but faces declining sales following the pandemic. The company has a strong balance sheet with no debt, but dividends are not as high as might be expected. The stock's valuation metrics offer little assurance of near-term improvement. Nor do company statements.

Buy Shimano's Products, But Sell The Stock

Shimano's latest quarterly performance exceeded expectations, with revenue reaching $723 million, indicating a recovery in the bicycle components market, particularly in China. The company's net income is rebounding from its Q4 2023 low, although it remains below pandemic-era highs, suggesting early signs of growth reversal. Long-term growth prospects in the bicycle market remain strong, with secular trends supporting Shimano's future.

Shimano: Growth Picking Up And Thesis On Track

Short-term results are down, but long-term tailwinds remain. Softening demand is expected to pick up again in upcoming quarters, as we come down from record sales. The bicycle components market is expected to grow faster than the general economy, which could make Shimano an outperforming company.

Shimano: Short-Term Pain For Long-Term Gain

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Shimano reported its results for the first half of 2023, which included a lowered guidance, leading to a decline in the share price. While the current year will probably be tougher than expected for Shimano's business, the company remains confident about its underlying prospects. Regarding the updated estimates, the latest sell-off seems reasonable, and yet it offers investors a long-term horizon to accumulate shares at lower prices.

Shimano: Compelling Opportunity On Current Headwinds

Shimano, a Japanese firm specializing in bicycle components and fishing gear, has underperformed the S&P 500 but is potentially undervalued. Despite a decline in net sales and operating income, Shimano remains on a strong growth path and is financially stable. Shimano has a dominant market position in the competitive segment of bicycle components and has minimal competition, making it an attractive investment.

Shimano: Wide Moat, Underfollowed, And Cash Rich

Shimano: A Unique Long-Term Compounder

Shimano is the world's largest bike component manufacturer, with ~50% market share for all parts and ~70% for the high-end range. The business has endured the test of time (+100years) and competition, and the stock has returned 6x over the past ten years.

Shimano - Bike Component Monopoly At An Attractive Price

Shimano is the market leader in mid- to high-end bicycle key components, with a 70% market share. The bike components market is expected to grow at 6-7% while Shimano trades at a 6% FCF-yield, resulting in 12% long-term growth potential.

Shimano: Defensive Compounder, Reasonably Priced

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News for Shimano Inc Stock (SMNNY)