Jonas 🕊️ · 2022-01-23T13:55:27.122779Z

Ich habs angekündigt und hier ist er, mein Aktientitel aus Japan. Lest die Bewertung gerne in Verbindung mit meinen vorherigen Posts (https://app.getquin.com/activity/JdjbmMXyKg), um ein Gesamtbild zu erhalten. Itochu Shoji JP3143600009 Itochu Shoji ist ein Traditionskonzern mit Firmensitz in Osaka, wobei die Itochu Group mehr als 700 Unternehmen in unterschiedlichen Branchen umfasst. Der Konzern ist ein global agierendes Handelsunternehmen. Von Lebensmitteln über Textilien bis hin zu Maschinen für den Bergbau sind die Japaner in den unterschiedlichsten Branchen aktiv. Zudem unterhält das Unternehmen diverse Beteiligungen an anderen Unternehmen. Das Handelskonglomerat kann mit Warren Buffetts Berkshire Hathaway verglichen werden. Wobei Buffets Holding sogar selbst in Itochu investiert ist. Die Aktie gehört dazu zu den outperformern am japanischen Aktienmarkt. Kennzahlen: KGV 2021: 13,3 KGV 2022e: 7,04 Umsatzwachstum 10J p.a.: 11,64% Gewinnwachstum 10J p.a.: 12,02% Nettomarge: 5,07% EK Quote: 29,12% EK Rendite: 14,63% Itochu verfolgt die Philosophie des Sampo yoshi, was so viel bedeutet wie "Gut für den Verkäufer, gut für den Käufer, und gut für die Gesellschaft". Eine Abwandlung der hanseatischen Kaufmannsehre also, was dem Unternehmen ein gutes ESG-Scoring beschwert. Burggraben: Bei Itochu handelt es sich um einen klassischen Value-Titel. Der Markt, in dem man sich bewegt, ist reif, dafür hat das Unternehmen aber einen guten Stand und eine starke Preissetzungsmacht. Peter Lynch würde die Aktie wohl zwischen einem schwach wachsenden und einem stetigen Aktienwert einordnen. Dazu ist Itochu stark diversifiziert, was es sehr krisenfest macht. Trotz geringer Marge war Itochu in allen vergangenen Krisen profitabel und krisensicher. Aufgrund der langen Historie (Gründung 1858) hat das schon etwas zu bedeuten. Fazit: Itochu ist noch recht günstig bewertet. Um sich etwas breiter im japanischen Markt aufzustellen ist man mit Itochu sicherlich gut bedient. Itochu hat den Nikkei outperformed und deckt eine Vielzahl an Bereichen ab. Dazu sehe ich den japanischen Markt langfristig wieder als interessant an. Während Wachstumswerte gerade abgestraft werden hat Itochu sogar im Kurs zugelegt. Disclaimer: Ich bin selbst investiert. Keine Anlageberatung! So, und damit bin ich erstmal fertig mit meiner japanischen Reihe 😅 hoffe es hat euch gefallen.

@TheAccountant89

2Yr·

I announced it and here it is, my stock from Japan. Feel free to read the review in conjunction with my previous posts (https://app.getquin.com/activity/JdjbmMXyKg) to get the full picture.

Itochu Shoji

JP3143600009

Itochu Shoji is a traditional group headquartered in Osaka, with the Itochu Group comprising more than 700 companies in various industries. The Group is a global trading company. From food to textiles to mining machinery, the Japanese are active in a wide range of industries.

In addition, the company has various holdings in other companies. The trading conglomerate can be compared to Warren Buffett's Berkshire Hathaway. Buffett's holding is even invested in Itochu itself. The share is one of the outperformers on the Japanese stock market.

Key figures:

P/E RATIO 2021: 13.3

P/E ratio 2022e: 7.04

Sales growth 10Y p.a.: 11,64%

Profit growth 10Y p.a.: 12,02%

Net margin: 5.07

Equity ratio: 29.12

Return on equity: 14.63

Itochu follows the philosophy of sampo yoshi, which means "good for the seller, good for the buyer, and good for society." This is a variation of the Hanseatic merchant ethic, which gives the company a good ESG score.

Moat:

Itochu is a classic value stock. The market in which it operates is mature, but in return the company has good standing and strong pricing power. Peter Lynch would probably rank the stock between a low-growth and steady stock. In addition, Itochu is highly diversified, which makes it very resilient to crises. Despite low margins, Itochu has been profitable and crisis-proof in all past crises. Given its long history (founded in 1858), this does mean something.

Conclusion:

Itochu is still quite cheaply valued. Itochu is certainly a good choice for a broader positioning in the Japanese market. Itochu has outperformed the Nikkei and covers a variety of areas. In addition, I see the Japanese market as interesting again in the long term. While growth stocks are currently being punished, Itochu has even gained in price.

Disclaimer: I am invested myself. No investment advice!

So, and with that I'm done for now with my Japanese series 😅 hope you enjoyed it.

Jonas 🕊️

@TheAccountant89

3Yr·

Following on from my next stock introduction (what could that possibly be 🤓😱), I want to tell you about the Japanese stock market.

While other industrialized nations are hotly debating inflation (temporary vs. long-term) and thus thinking aloud about interest rate hikes and the reduction of bond purchases, the Japanese central bank can sit back in this regard. Thus, rising policy rates and/or reducing bond purchases pose no threat to investors. Both are bullish for the Japanese stock market. Analysts also do not expect any significant inflation in the near future (unlike in the U.S. or Europe).

The Nikkei 225 had to endure a long dry spell from 1990 to 2010. It has still not reached its peak of 1989.

So why not add a little Japan to your portfolio? Japan is very industry-heavy with companies that have a very long history. I am already invested (wikifolio and private portfolio) and will introduce you to a company soon.

28 Comments

Lorena@Lorena

2Yr

I have no idea at all about Japan. Thanks for the introduction 🚀 @ccf

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Jonas 🕊️@TheAccountant89

2Yr

@Lorena Thank you 😊

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Lucrash@KapriolenCapital

2Yr

@Lorena Then what do you know about? 🤡

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Lorena@Lorena

2Yr

@KapriolenSonne from the gold promo you were never in 😉

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Lucrash@KapriolenCapital

2Yr

@Lorena Yes I was, vallah!

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Lorena@Lorena

2Yr

@KapriolenSonne yes they have seen your lama face and downgraded you directly

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Lucrash@KapriolenCapital

2Yr

@Lorena Yes and now you are just as unranked Uli as me 🆘

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Benny@BennyB

2Yr

@Lorena Japan is an island nation in the Pacific Ocean with densely populated cities, imperial palaces, mountainous national parks, and thousands of shrines and temples. High-speed Shinkansen trains connect the main islands of Kyushu (with the subtropical beaches of Okinawa), Honshū (with Tokyo and the memorial to the atomic bombing of Hiroshima), and Hokkaido (with renowned ski resorts). The capital Tokyo is known for skyscrapers, shopping and its pop culture.

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Lorena@Lorena

2Yr

@BennyB oh thank you! Is that where sushi and anime come from? I like that 👉🏻👈🏻 I must google where this Japan is located 😊

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