coffeekai/iStock via Getty Images
Ever heard of Nohmi Bosai (OTC:NHMBF)? Hopefully, you've never had to. But it's always nice to know someone whose job is literally keeping things from going up in smoke.
This century-old Japanese company has built
Nohmi Bosai: The 50-Year Fireproof Partnership Deserves A Second Look
Summary
- Nohmi Bosai, a fire prevention company with a global presence, has seen a resurgence in growth, reporting a 12.3% sales increase in FY 2024.
- Despite rising costs, Nohmi's margins have improved, with EBIT growing over 53% year-over-year, thanks to strong performance across all segments.
- The stock appears undervalued, trading at a P/E of 17.57x, with a potential fair value of $26.20 per share, offering a 12% upside.
- Given the current valuation and market conditions, I rate Nohmi Bosai as a 'Hold' with a price target in the high-$20s.
I am an Equity Analyst and Accountant specializing in restaurant stocks, with a solid foundation in Business Administration and Accounting, complemented by an MBA in Forensic Accounting and Controllership. As the founder of Goulart's Restaurant Stocks, I lead a company focused on analyzing restaurant stocks in the U.S. market. Our coverage spans multiple segments, including QSR, fast casual, casual dining, fine dining, and family dining. We employ advanced analytical models and specialized valuation techniques to provide detailed insights and actionable strategies, helping investors make informed, strategic decisions. In addition to my work in the financial market, I actively engage in academic and journalistic initiatives. I contribute regularly to institutions that promote individual and economic freedom, such as the Mises Institute, Mises Brasil, and SNB&CHF. Previously, I was a columnist for Investing, where I discussed topics like monetary policy, financial education, and financial modeling, aiming to make these subjects accessible to a broader audience.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.