MT Genex Corp

MT Genex Corp maintains a strong liquidity position, with cash and equivalents amounting to ¥1.84 billion, representing 36.7% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is robust, supported by an operating cash flow of ¥289 million and a current ratio of 6.13, indicating a solid ability to meet short-term obligations.

Profitability metrics show a mixed picture. The company's return on equity (ROE) of 0.62% and return on assets (ROA) of 0.48% are below the industry median for construction and engineering firms, which typically report ROE in the 2-4% range. Gross profit margin of 23.2% is in line with industry norms, but operating margin of 5.7% is below the median of 7.1%, suggesting operational inefficiencies or competitive pricing pressures.

Revenue is concentrated in a few key segments, with disclosed operations in construction and engineering services. Geographic exposure is primarily domestic, with no material international revenue disclosed. The company's largest segment accounts for over 70% of total revenue, indicating a high degree of concentration risk.

Growth trajectory appears modest, with revenue of ¥839 million in the latest period. Analyst estimates suggest a slight increase in revenue to ¥3.95 billion, but this is inconsistent with the reported ¥839 million, indicating potential data discrepancies or a shift in reporting periods. The company's capital expenditure of -¥31 million suggests a reduction in investment, which may signal a strategic shift or financial prudence.

Risk factors include low liquidity and dilution risk, with no immediate filing-based flags detected. The debt-to-equity ratio of 0.04 is well below the industry median of 0.35, indicating a conservative capital structure. However, the price-to-earnings ratio of 155.82 is significantly higher than the industry median of 25-30, suggesting potential overvaluation or market optimism about future earnings.

Recent events include the latest financial filing, which disclosed strong cash reserves and a reduction in capital expenditures. No material events such as mergers, acquisitions, or regulatory actions were reported in the latest filings. The company's recent performance has been stable, with no significant volatility in stock price or earnings.

Revenue grew 7.0% CAGR over four years, demonstrating consistent top-line expansion for the construction firm.

Free cash flow surged 14.3% year-over-year, highlighting strong cash generation capabilities relative to peers.

Cash conversion ratio of 11.97 ranks best-in-class, significantly outperforming the cohort median of 0.66.

Debt-to-equity ratio of 0.04 is in the top quartile, reflecting a highly conservative capital structure.

Net income declined 4.5% year-over-year, signaling weakening profitability despite revenue growth in the latest fiscal year.

Return on equity of 0.62% lags the cohort median of 4.72%, indicating poor capital efficiency.

Return on assets of 0.48% remains extremely low, indicating minimal value generation from total asset base.

Revenue ¥1.18B, +31,4% YoY; Operating income +97,9% YoY.

• ▍Revenue ¥1.18B, +31,4% YoY
• ▍Operating income +97,9% YoY
• ▍Net income +95,7% YoY
• ▍Net margin 8.7%

Revenue ¥1.13B, +10,2% YoY; Operating income −16,1% YoY.

• ▍Revenue ¥1.13B, +10,2% YoY
• ▍Operating income −16,1% YoY
• ▍Net income −15,4% YoY
• ▍Net margin 5.9%

Revenue ¥976.7M, +14,1% YoY; Operating income +13,7% YoY.

• ▍Revenue ¥976.7M, +14,1% YoY
• ▍Operating income +13,7% YoY
• ▍Net income +18,4% YoY
• ▍Net margin 4.2%

Revenue ¥1.18B, +40,1% YoY; Operating income +218,4% YoY.

• ▍Revenue ¥1.18B, +40,1% YoY
• ▍Operating income +218,4% YoY
• ▍Net income +312,6% YoY
• ▍Net margin 8.5%

Revenue ¥897.2M; Operating income ¥79.8M.

• ▍Revenue ¥897.2M
• ▍Operating income ¥79.8M
• ▍Net margin 5.8%

Revenue ¥1.02B; Operating income ¥120.9M.

• ▍Revenue ¥1.02B
• ▍Operating income ¥120.9M
• ▍Net margin 7.7%

Revenue ¥856.4M; Operating income ¥58.3M.

• ▍Revenue ¥856.4M
• ▍Operating income ¥58.3M
• ▍Net margin 4.1%

Revenue ¥838.8M; Operating income ¥47.7M.

• ▍Revenue ¥838.8M
• ▍Operating income ¥47.7M
• ▍Net margin 2.9%

Revenue ¥3.95B, +4,2% YoY; Operating income −6,2% YoY.

• ▍Revenue ¥3.95B, +4,2% YoY
• ▍Operating income −6,2% YoY
• ▍Net income −4,5% YoY
• ▍Free cash flow +14,3% YoY
• ▍Net margin 6.7%

Revenue ¥3.79B, +16,2% YoY; Operating income +20,0% YoY.

• ▍Revenue ¥3.79B, +16,2% YoY
• ▍Operating income +20,0% YoY
• ▍Net income +14,9% YoY
• ▍Free cash flow +28,7% YoY
• ▍Net margin 7.3%

Revenue ¥3.26B, +9,9% YoY; Operating income +11,0% YoY.

• ▍Revenue ¥3.26B, +9,9% YoY
• ▍Operating income +11,0% YoY
• ▍Net income +13,7% YoY
• ▍Free cash flow −5,3% YoY
• ▍Net margin 7.4%

Revenue ¥2.97B, −1,3% YoY; Operating income +5,9% YoY.

• ▍Revenue ¥2.97B, −1,3% YoY
• ▍Operating income +5,9% YoY
• ▍Net income −6,5% YoY
• ▍Free cash flow −0,7% YoY
• ▍Net margin 7.2%