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Kansai Paint (4613) - Going Hard with a BIG Buyback and More Capital Moves Beyond
1k Views30 May 2024 21:57
Kansai Paint told people what it would do ~2 years ago. Then they started doing it. And continued. Now they are continuing some more. After this VERY big buyback, they will likely continue some more.
What is covered in the Full Insight:
- Company Performance and Buyback Plan
- Performance Comparison with Nippon Paint
- Impact of Buyback on Financial Metrics
- Possible Future Financial Strategies
- Trade Recommendations
Boomeranged on Thu, 29 Aug 2024 08:16
After this morning's TN-3 buyback (promised in May), KP shares are about 13x Mar25 EPS (as of yesterday's close). At that price, the remaining buyback is another 4.5% of shares out ex-TSY and they've been moving quickly. At the end, they'll still be net cash+securities (i.e. M&A portion, from CB issuance). That's mid 12x EPS and mid-6x AdjEV to EBITDA for a growing/improving co which "gets it."
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