S B S Holdings, Inc. (2384) AI Stock Analysis

• Market Cap: ¥111.01B
• Dividend Yield: 2.5%
• Average Volume (3M): 64.53K
• Price to Earnings (P/E): 18.9
• Beta (1Y): 0.48
• Revenue Growth: 4.80%
• EPS Growth: -27.85%
• Country: JP
• Employees: 10,759
• Sector: Industrials
• Sector Strength: 88
• Industry: Integrated Freight & Logistics
• EPS (TTM): 28.52
• Shares Outstanding: 39,718,200
• 10 Day Avg. Volume: 55,930
• 30 Day Avg. Volume: 64,533
• PEG Ratio: 1.08
• Price to Book (P/B): 1.57
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 20.74
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 63 Neutral
• Price Target: ¥2,921.00 ▲(4.51%Upside)

The stock score is primarily influenced by stable financial performance and reasonable valuation, although technical indicators show weak momentum. The financial position is stable, with opportunities for improvement in cash flow management. The lack of significant earnings call data and corporate events leaves these factors neutral.

S B S Holdings, Inc. Business Overview & Revenue Model

Company Description

S B S Holdings, Inc. (2384) is a Japanese-based company that operates primarily in the logistics and supply chain management sectors. The company offers a broad range of services, including third-party logistics (3PL), transportation, warehousing, and distribution. Its core services are designed to optimize the supply chain processes for its clients across various industries, ensuring efficient and reliable delivery of products.

How the Company Makes Money

S B S Holdings, Inc. generates revenue primarily through its logistics and supply chain management services. The company earns money by providing comprehensive logistics solutions, including transportation services, warehousing, and inventory management, to its clients. Key revenue streams include third-party logistics services, where the company manages and optimizes logistics operations for businesses, and transportation services, where it provides efficient delivery solutions. Additionally, S B S Holdings may engage in strategic partnerships or collaborations with other companies to enhance its service offerings and expand its market reach, thereby contributing to its earnings.

S B S Holdings, Inc. Financial Statement Overview

Summary

S B S Holdings, Inc. demonstrates stable revenue growth and consistent profit margins. The balance sheet shows a solid equity base despite a higher reliance on debt. Strong operating cash flow is offset by declining free cash flow, suggesting a need for better cash conversion efficiency. Overall, the company maintains a stable financial position with areas for improvement in cash flow management.

Income Statement

The company shows a stable gross profit margin around 11% for the last two years, with a slight decrease from previous years. Net profit margin decreased slightly from 2.3% to 2.1% annually. Revenue growth has been modest, with a 3.8% increase in 2024 compared to 2023. EBIT and EBITDA margins are stable, indicating consistent operational efficiency.

Balance Sheet

The debt-to-equity ratio is slightly elevated at 1.18 in 2024, indicating a reliance on debt financing. However, the equity ratio is improving, currently at 27.8%, reflecting a strengthening equity base. Return on Equity has decreased slightly to 10.9%, suggesting moderate profitability on shareholders' equity.

Cash Flow

Free cash flow has decreased by 37.3% in 2024 compared to 2023, indicating potential pressure on liquidity. Operating cash flow to net income ratio is strong at 1.64, showing good cash generation relative to net income. However, the free cash flow to net income ratio has decreased, highlighting reduced cash conversion.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
448.14B	431.91B	455.48B	403.49B	257.19B
	Gross Profit
49.84B	50.14B	50.54B	46.72B	26.80B
	EBIT
17.70B	19.72B	21.84B	20.71B	10.96B
	EBITDA
30.37B	30.32B	32.92B	30.82B	18.30B
	Net Income Common Stockholders
9.62B	10.06B	11.73B	10.79B	6.83B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
29.70B	29.67B	32.67B	23.80B	27.54B
	Total Assets
317.29B	301.32B	296.90B	277.20B	254.55B
	Total Debt
104.51B	101.59B	104.09B	98.66B	100.83B
	Net Debt
74.81B	71.93B	71.42B	74.86B	73.29B
	Total Liabilities
204.34B	198.73B	204.73B	196.49B	186.41B
	Stockholders Equity
88.22B	79.58B	70.38B	60.67B	50.75B
Cash Flow		Free Cash Flow
2.70B	4.30B	5.33B	14.61B	5.38B
	Operating Cash Flow
15.81B	14.11B	22.41B	27.47B	17.26B
	Investing Cash Flow
-16.72B	-10.18B	-15.89B	-22.34B	-30.48B
	Financing Cash Flow
-1.29B	-7.65B	489.00M	-9.28B	22.73B

S B S Holdings, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2795.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2384, the sentiment is Positive. The current price of 2795 is above the 20-day moving average (MA) of 2764.80, below the 50-day MA of 2808.78, and above the 200-day MA of 2579.10, indicating a bullish trend. The MACD of -5.07 indicates Negative momentum. The RSI at 54.03 is Neutral, neither overbought nor oversold. The STOCH value of 76.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2384.

S B S Holdings, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9068	80 Outperform	¥130.64B	13.11		2.79%	3.12%	2.17%
9037	73 Outperform	¥98.65B	10.83		2.88%	4.34%	8.57%
9070	73 Outperform	¥92.07B	26.39		1.57%	10.29%	-14.07%
9066	72 Outperform	¥118.63B	11.12		2.48%	12.28%	57.11%
Sector *	66 Neutral	$4.51B	12.29	5.40%	3.67%	4.15%	-12.21%
9090	64 Neutral	¥148.64B	20.39		2.90%	4.94%	-24.03%
2384	63 Neutral	¥111.01B	18.92		2.50%	4.80%	-27.85%

S B S Holdings, Inc. Corporate Events

SBS Holdings Reports Significant Decline in Q1 2025 Financial Results

SBS Holdings, Inc. reported a significant decline in its financial performance for the first quarter of 2025, with net sales slightly decreasing and operating income dropping by over 60% compared to the same period last year. The company’s net income attributable to owners of the parent also fell by 76.8%, reflecting challenges in maintaining profitability amidst market conditions. Despite these setbacks, the company maintains its forecast for the fiscal year ending December 31, 2025, with a slight increase in net sales anticipated.

SBS Holdings Expands with Blackbird Logistics Acquisition

SBS Holdings, Inc. has completed the acquisition of 80% of Blackbird Logistics B.V., expanding its corporate group to include Blackbird’s six subsidiaries. Despite this strategic acquisition, SBS Holdings states that there will be no impact on its consolidated earnings forecasts for the fiscal year ending December 31, 2025.

SBS Holdings Transfers Real Estate Assets to Boost Logistics

SBS Holdings, Inc. has approved the transfer of trust beneficiary rights of real estate owned by its subsidiary L-MAX Co., Ltd. as part of an asset replacement strategy. This move is expected to enhance the company’s logistics facilities and contribute to an increase of approximately 7.4 billion yen in operating income for the fiscal year ending December 2025, as previously forecasted.

SBS Holdings Maintains Independence Despite Parent Company Control

SBS Holdings, Inc. announced that its parent company, Kamata Kikaku Co., Ltd., holds 50.07% of its voting rights, establishing it as the controlling shareholder. Despite this, SBS Holdings maintains operational independence as Kamata Kikaku’s business activities differ from its own. No significant transactions occurred between SBS Holdings and its controlling shareholder in the fiscal year ended December 31, 2024, and measures are in place to protect minority shareholders in such transactions.

SBS Holdings Secures 30 Billion Yen Positive Impact Finance Loan

SBS Holdings, Inc. has secured a 30 billion yen syndicated loan under the Positive Impact Finance initiative, marking its second such endeavor. This loan supports the company’s commitment to sustainability, with specific KPIs aimed at improving climate stability, human resource development, and reducing environmental impacts, aligning with the Sustainable Development Goals (SDGs).

SBS Holdings Announces New Executive Appointments

SBS Holdings, Inc. has announced the appointment of eleven new executive officers and the assignment of their respective duties following the expiration of the current officers’ terms. This strategic reshuffling is effective immediately and aims to enhance the company’s management structure and operational efficiency, potentially impacting its market positioning and stakeholder relations.