Dynapac Co Ltd

Dynapac's capital structure is characterized by a low debt-to-equity ratio of 0.06, indicating a conservative leverage position relative to its equity base. The company maintains a current ratio of 1.02, suggesting it has sufficient short-term assets to cover its short-term liabilities, though the margin is narrow. With cash and equivalents amounting to 4,135,898,000 JPY, the company has a moderate liquidity position, but its price-to-book ratio of 0.45 suggests that the market values the company's equity at a discount to its book value.

In terms of profitability, Dynapac reported a net income of 25,927,000 JPY despite a negative operating income of -118,895,000 JPY, which indicates that the company is experiencing operational losses but is still generating a small net profit, likely due to non-operating income or gains. The return on equity (ROE) of 0.0006 and return on assets (ROA) of 0.0003 are both very low, suggesting that the company is not effectively utilizing its equity or assets to generate returns. These metrics are below the typical thresholds for healthy performance in the Paper Packaging industry.

Dynapac's revenue is concentrated in a single business segment, as no segmental breakdown is provided in the available data. The company's geographic exposure is primarily within Japan, as no international revenue figures are disclosed. This lack of diversification could pose a risk if the domestic market experiences economic downturns or regulatory changes.

The company's growth trajectory is uncertain, as the outlook for the current fiscal year does not provide specific numeric deltas for revenue or earnings. However, the company's revenue of 13,544,499,000 JPY in the latest period suggests a stable revenue base, though the operating loss indicates challenges in maintaining profitability. The absence of detailed growth projections makes it difficult to assess the company's future performance.

Risk factors for Dynapac include the potential for liquidity constraints, although the risk assessment indicates a low probability of immediate liquidity issues. The company also faces a low dilution risk, as no immediate filing-based dilution flags were detected. However, the high price-to-earnings ratio of 778.01 suggests that the market may be overvaluing the company's earnings, which could be a concern if earnings do not meet expectations.

Recent events related to Dynapac include the latest actual EPS of 320.18 JPY and revenue of 67,083,410,000 JPY, as reported by analysts. These figures provide a snapshot of the company's recent performance but do not include detailed explanations of the factors driving the results.

Revenue grew 7.3% year-over-year to JPY 67.1 billion in FY2026, demonstrating consistent top-line expansion.

Net income surged 22.8% annually over four years, reaching JPY 3.2 billion in FY2026.

Operating income jumped 127.2% year-over-year to JPY 2.6 billion in FY2026, signaling strong operational leverage.

Free cash flow turned positive at JPY 614 million in FY2025 and grew 68.3% in FY2026.

The debt-to-equity ratio of 0.06 is well below the cohort median of 0.37, indicating low leverage.

The company faces high credit risk according to internal risk flag assessments.

Return on invested capital is negative at -0.25%, suggesting the business destroys value relative to capital employed.

Revenue ¥19.25B, +9,7% YoY; Operating income +391,5% YoY.

• ▍Revenue ¥19.25B, +9,7% YoY
• ▍Operating income +391,5% YoY
• ▍Net income +28,8% YoY
• ▍Net margin 4.6%

Revenue ¥16.23B, +6,2% YoY; Operating income +64,0% YoY.

• ▍Revenue ¥16.23B, +6,2% YoY
• ▍Operating income +64,0% YoY
• ▍Net income +9 452,4% YoY
• ▍Net margin 3.2%

Revenue ¥16.51B, +2,2% YoY; Operating income +27,7% YoY.

• ▍Revenue ¥16.51B, +2,2% YoY
• ▍Operating income +27,7% YoY
• ▍Net income −68,6% YoY
• ▍Net margin 4.3%

Revenue ¥15.08B, +11,3% YoY; Operating income +471,9% YoY.

• ▍Revenue ¥15.08B, +11,3% YoY
• ▍Operating income +471,9% YoY
• ▍Net income +3 965,4% YoY
• ▍Net margin 7.0%

Revenue ¥17.55B; Operating income ¥93.9M.

• ▍Revenue ¥17.55B
• ▍Operating income ¥93.9M
• ▍Net margin 4.0%

Revenue ¥15.28B; Operating income ¥512.1M.

• ▍Revenue ¥15.28B
• ▍Operating income ¥512.1M
• ▍Net margin 0.0%

Revenue ¥16.16B; Operating income ¥639.9M.

• ▍Revenue ¥16.16B
• ▍Operating income ¥639.9M
• ▍Net margin 14.0%

Revenue ¥13.54B; Operating income -¥118.9M.

• ▍Revenue ¥13.54B
• ▍Operating income -¥118.9M
• ▍Net margin 0.2%

Revenue ¥67.08B, +7,3% YoY; Operating income +127,2% YoY.

• ▍Revenue ¥67.08B, +7,3% YoY
• ▍Operating income +127,2% YoY
• ▍Net income +6,4% YoY
• ▍Free cash flow +68,3% YoY
• ▍Net margin 4.7%

Revenue ¥62.53B, +7,8% YoY; Operating income −41,6% YoY.

• ▍Revenue ¥62.53B, +7,8% YoY
• ▍Operating income −41,6% YoY
• ▍Net income +85,9% YoY
• ▍Free cash flow +129,8% YoY
• ▍Net margin 4.8%

Revenue ¥58.03B, +2,2% YoY; Operating income +128,2% YoY.

• ▍Revenue ¥58.03B, +2,2% YoY
• ▍Operating income +128,2% YoY
• ▍Net income −0,3% YoY
• ▍Free cash flow −223,6% YoY
• ▍Net margin 2.8%

Revenue ¥56.79B, +0,9% YoY; Operating income −30,3% YoY.

• ▍Revenue ¥56.79B, +0,9% YoY
• ▍Operating income −30,3% YoY
• ▍Net income +15,5% YoY
• ▍Free cash flow −67,5% YoY
• ▍Net margin 2.8%