SAAF Holdings Co Ltd

SAAF Holdings maintains a liquidity position with a current ratio of 1.12, indicating a moderate ability to meet short-term obligations. The company's liquidity is supported by cash and equivalents of ¥4,994,190,000, but its long-term debt of ¥10,222,727,000 results in a debt-to-equity ratio of 3.52, suggesting a high reliance on debt financing. The company's return on equity of 18.98% is strong, but its return on assets of 3.05% is relatively low, indicating that the company is not efficiently utilizing its assets to generate returns.

In terms of profitability, SAAF Holdings reported a net income of ¥550,838,000 and an operating income of ¥553,985,000. The company's gross profit of ¥2,336,502,000 represents a significant portion of its revenue of ¥8,200,791,000, indicating a healthy gross margin. However, the company's return on assets is below the industry median, suggesting that it is not as efficient in generating returns from its asset base as its peers.

SAAF Holdings' revenue is concentrated in the construction and engineering sector, with no disclosed geographic diversification. The company's operations are primarily focused on industrial and commercial services, and there is no indication of significant revenue diversification across segments or regions.

The company's growth trajectory is uncertain, as there are no disclosed revenue growth figures or outlooks for the current or next fiscal year. The company's capital expenditure of -¥448,999,000 suggests a reduction in investment in long-term assets, which may impact future growth potential. The company's liquidity risk is moderate, but its high debt-to-equity ratio indicates a potential risk in terms of financial leverage.

SAAF Holdings faces a moderate risk profile, with liquidity risk rated as medium and dilution risk as low. The company's key financial flags include a negative net cash position after subtracting total debt, which could impact its ability to fund operations and investments. There are no recent events or filings disclosed that would significantly impact the company's financial position or strategic direction.

Cash conversion ratio of 1.04 is above the cohort median of 0.66, suggesting efficient cash generation from operations.

Revenue demonstrated a 6.3% CAGR over the four-year period from fiscal 2021 to fiscal 2025.

The debt-to-equity ratio of 3.52 places SAAF Holdings in the bottom quartile, far exceeding the 0.29 cohort median.

The company faces high credit risk and medium liquidity risk according to the identified risk flags.

Revenue ¥7.40B, −0,3% YoY; Operating income +1 577,3% YoY.

• ▍Revenue ¥7.40B, −0,3% YoY
• ▍Operating income +1 577,3% YoY
• ▍Net income +173,9% YoY
• ▍Net margin 2.3%

Revenue ¥7.51B, +11,4% YoY; Operating income +390,3% YoY.

• ▍Revenue ¥7.51B, +11,4% YoY
• ▍Operating income +390,3% YoY
• ▍Net income +147,0% YoY
• ▍Net margin 1.1%

Revenue ¥7.17B, +2,8% YoY; Operating income +303,6% YoY.

• ▍Revenue ¥7.17B, +2,8% YoY
• ▍Operating income +303,6% YoY
• ▍Net income +85,5% YoY
• ▍Net margin -0.2%

Revenue ¥7.71B, −6,0% YoY; Operating income −50,4% YoY.

• ▍Revenue ¥7.71B, −6,0% YoY
• ▍Operating income −50,4% YoY
• ▍Net income −30,2% YoY
• ▍Net margin 5.0%

Revenue ¥7.43B; Operating income -¥17.4M.

• ▍Revenue ¥7.43B
• ▍Operating income -¥17.4M
• ▍Net margin -3.1%

Revenue ¥6.74B; Operating income -¥60.2M.

• ▍Revenue ¥6.74B
• ▍Operating income -¥60.2M
• ▍Net margin -2.7%

Revenue ¥6.98B; Operating income -¥41.0M.

• ▍Revenue ¥6.98B
• ▍Operating income -¥41.0M
• ▍Net margin -1.5%

Revenue ¥8.20B; Operating income ¥554.0M.

• ▍Revenue ¥8.20B
• ▍Operating income ¥554.0M
• ▍Net margin 6.7%

Revenue ¥28.86B, −1,4% YoY; Operating income −69,4% YoY.

• ▍Revenue ¥28.86B, −1,4% YoY
• ▍Operating income −69,4% YoY
• ▍Net income −170,5% YoY
• ▍Free cash flow −127,7% YoY
• ▍Net margin -0.4%

Revenue ¥29.27B, −4,1% YoY; Operating income −6,7% YoY.

• ▍Revenue ¥29.27B, −4,1% YoY
• ▍Operating income −6,7% YoY
• ▍Net income +12,7% YoY
• ▍Free cash flow +268,5% YoY
• ▍Net margin 0.6%

Revenue ¥30.53B, +15,9% YoY; Operating income +210,4% YoY.

• ▍Revenue ¥30.53B, +15,9% YoY
• ▍Operating income +210,4% YoY
• ▍Net income +121,2% YoY
• ▍Free cash flow +115,1% YoY
• ▍Net margin 0.5%

Revenue ¥26.35B, +16,4% YoY; Operating income +14,5% YoY.

• ▍Revenue ¥26.35B, +16,4% YoY
• ▍Operating income +14,5% YoY
• ▍Net income +9,2% YoY
• ▍Free cash flow +20,3% YoY
• ▍Net margin -2.9%