Toell Co., Ltd. (3361) AI Stock Analysis

• Market Cap: ¥19.82B
• Dividend Yield: 2.75%
• Average Volume (3M): 3.74K
• Price to Earnings (P/E): 12.8
• Beta (1Y): 0.22
• Revenue Growth: -1.42%
• EPS Growth: 6.10%
• Country: JP
• Employees: 455
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Gas
• EPS (TTM): N/A
• Shares Outstanding: 20,884,440
• 10 Day Avg. Volume: 4,710
• 30 Day Avg. Volume: 3,736
• PEG Ratio: -0.30
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 0.55
• P/FCF Ratio: 8.39
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ¥1,004.00 ▲(19.81% Upside)
• Action: Downgraded Date: 10/31/25
• Date: Action: Downgraded 10/31/25

Toell Co., Ltd. receives an overall score of 66, driven primarily by its stable financial performance and attractive valuation. However, the bearish technical indicators suggest caution, as the stock is currently oversold. The absence of earnings call data and corporate events limits further insights.

Positive Factors

Cash generation

Operating cash flow covers net income and free cash flow has grown significantly, indicating durable cash generation. Strong cash conversion supports capital expenditure, dividend funding and debt servicing over the medium term, giving financial flexibility for strategic investments.

Conservative balance sheet

A low debt-to-equity ratio and healthy equity ratio reflect conservative leverage and a solid capital base. This structural strength reduces refinancing risk, preserves investment capacity for regulated capex, and allows the firm to withstand cyclical pressures without eroding solvency.

Stable gross margins & regulated industry

Stable gross margins alongside operation in the regulated gas sector suggest predictable cost recovery and demand. The regulatory framework and steady end-demand underpin recurring revenue and margins, supporting long-term cash visibility and easier planning for multi‑period investments.

Negative Factors

Revenue decline

Negative revenue growth erodes the top line and reduces scale benefits, making margin recovery harder. If revenue contraction persists it can limit reinvestment, constrain operating leverage and reduce the runway for sustaining dividends or funding regulated capex without external financing.

Profitability compression

Material declines in net profit and operating margins indicate pressure on earnings power from cost inflation, pricing limits or operational inefficiencies. Persistent margin compression reduces free cash flow potential, weakens internal funding for growth and heightens sensitivity to demand shocks.

Falling ROE

A declining ROE signals weakening effectiveness in converting equity into profits, which can reflect lower margins or suboptimal asset use. Over time this undermines shareholder returns, may increase pressure on management for capital allocation changes, and could limit attractiveness to equity investors.

Toell Co., Ltd. Business Overview & Revenue Model

Company Description

Toell Co., Ltd. (3361) is a Japanese company primarily engaged in the manufacturing and sales of packaging materials and solutions, focusing on innovative and sustainable products. The company operates in various sectors, including food packaging, industrial packaging, and medical packaging, catering to a diverse range of industries. Toell Co., Ltd. is known for its commitment to quality and environmental responsibility, offering products that enhance shelf life and preserve the integrity of goods.

How the Company Makes Money

Toell Co., Ltd. generates revenue through the sales of its packaging products across multiple segments, including food, industrial, and medical sectors. The company employs a revenue model that includes direct sales to manufacturers and distributors, as well as long-term contracts with clients who require consistent supply and customized solutions. Key revenue streams include bulk sales of packaging materials, specialty packaging solutions, and value-added services such as design and consulting. Additionally, strategic partnerships with major players in various industries enhance Toell's market reach and contribute significantly to its earnings, enabling the company to leverage shared resources and tap into new markets.

Toell Co., Ltd. Financial Statement Overview

Summary

Toell Co., Ltd. shows a stable financial position with strong cash flow generation and a conservative balance sheet. However, challenges such as declining profitability and negative revenue growth need to be addressed to sustain long-term growth.

Income Statement

Toell Co., Ltd. has shown a mixed performance in its income statement. The gross profit margin has remained relatively stable, indicating consistent cost management. However, the net profit margin has decreased significantly from the previous year, reflecting challenges in maintaining profitability. Revenue growth has been negative, suggesting a decline in sales, which could be a concern for future earnings potential. The EBIT and EBITDA margins have also decreased, indicating pressure on operational efficiency.

Balance Sheet

The company's balance sheet is relatively strong, with a low debt-to-equity ratio, indicating conservative leverage and financial stability. The return on equity has decreased, suggesting a decline in the efficiency of generating profits from shareholders' equity. However, the equity ratio remains healthy, reflecting a solid capital structure with a significant portion of assets financed by equity.

Cash Flow

Cash flow analysis reveals a robust operating cash flow, which covers net income adequately, indicating good cash generation from operations. The free cash flow has grown significantly, although the growth rate is inflated due to a low base in the previous period. The free cash flow to net income ratio is strong, suggesting effective conversion of profits into cash. However, fluctuations in free cash flow growth rates indicate potential volatility in cash generation.

Breakdown	TTM	Apr 2024	Apr 2023	Apr 2023	Apr 2022	Apr 2021
Income Statement
Total Revenue	27.32B	27.39B	27.10B	27.87B	25.92B	22.47B
Gross Profit	10.57B	10.70B	10.90B	10.63B	10.17B	10.16B
EBITDA	3.52B	2.80B	4.24B	3.88B	3.32B	3.73B
Net Income	1.48B	841.84M	2.18B	1.59B	1.06B	1.21B
Balance Sheet
Total Assets	25.68B	26.93B	27.99B	26.95B	26.98B	25.63B
Cash, Cash Equivalents and Short-Term Investments	4.96B	5.21B	5.71B	5.56B	5.53B	5.82B
Total Debt	868.45M	926.42M	1.09B	1.48B	2.09B	2.65B
Total Liabilities	5.33B	6.40B	6.59B	7.65B	8.81B	8.34B
Stockholders Equity	20.34B	20.53B	21.39B	19.29B	18.16B	17.28B
Cash Flow
Free Cash Flow	0.00	1.78B	1.33B	1.61B	1.15B	2.28B
Operating Cash Flow	0.00	2.54B	2.52B	2.62B	2.28B	3.35B
Investing Cash Flow	0.00	-789.43M	-1.22B	-947.97M	-1.02B	-1.15B
Financing Cash Flow	0.00	-2.25B	-1.12B	-1.58B	-1.48B	-1.02B

Toell Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 838.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3361, the sentiment is Positive. The current price of 838 is below the 20-day moving average (MA) of 879.95, below the 50-day MA of 863.60, and above the 200-day MA of 820.59, indicating a bullish trend. The MACD of 14.26 indicates Negative momentum. The RSI at 86.65 is Negative, neither overbought nor oversold. The STOCH value of 86.09 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3361.

Toell Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9534	74 Outperform	¥80.24B	6.47	―	2.88%	2.77%	10.64%
9533	73 Outperform	¥538.32B	19.60	6.03%	1.81%	7.08%	43.50%
9531	72 Outperform	¥2.84T	13.37	11.05%	1.53%	5.72%	148.08%
9537	69 Neutral	¥22.08B	6.96	―	2.18%	6.66%	―
3361	66 Neutral	¥19.82B	12.77	―	2.75%	-1.42%	6.10%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
9532	63 Neutral	¥2.58T	13.96	10.44%	1.98%	1.99%	95.71%