Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
Kogi Corporation, established in 1916 and headquartered in Himeji, Japan, operates across three main business segments: metal casting, industrial machinery, and environmental technology. In its casting division, the company produces a broad array of products, including rolling rolls and various steel castings. It also manufactures specialized castings for items like steel ingot molds, automotive press dies, and general industrial equipment. Public infrastructure components such as ground manholes, gratings, and iron covers for electrical utility tunnels are also part of their portfolio. Additionally, Kogi supplies industrial castings for water and sewerage systems, railway applications, and machinery, alongside continuous cast-iron rods made from ordinary, ductile, ni-resist, and special alloy cast iron materials. The machinery segment offers products such as blowers, transvectors, and vortex schoolers. Finally, the environmental solutions branch provides stoker type waste incinerators, recycling apparatus, diverse deodorization equipment, and systems for drying and carbonization utilizing superheated steam.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITD