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Employees: 2,693
Size Yondenko (1939.T) is a Japan Industrials company (Engineering & Construction) with a market value of $685M, the 912th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,239 on 6 Nov 2026.
Performance Over six months the shares gained 10.3%, against -16.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 6.9% over the last twelve months (peer median +9.7%); the operating margin is 10.8% (peer median 8.3%).
Valuation It trades at 0.9× enterprise value to sales against a peer median of 1.3× (7th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.5 points above its cost of capital (8.7% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥107B | ¥99.4B | ¥106B | ¥92.1B | ¥89.1B |
| Revenue growth | — | -6% | +15% | +3% | — |
| Gross profit | ¥21.5B | ¥18.6B | ¥18.4B | ¥16.1B | ¥14.0B |
| EBITDA | ¥13.5B | ¥10.8B | ¥10.3B | ¥8.76B | ¥7.39B |
| Net income | ¥9.41B | ¥7.50B | ¥5.17B | ¥4.57B | ¥3.77B |
| Free cash flow | n/a | ¥2.02B | -¥2.02B | ¥4.69B | ¥2.51B |
| Capital expenditure | n/a | ¥2.04B | ¥1.56B | ¥1.42B | ¥1.36B |
| Total debt | ¥4.30B | ¥7.89B | ¥8.46B | ¥10.0B | ¥11.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1939.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.1% | -4.4% | 5th highest of 21 |
| 6-month return | +10.3% | -16.4% | 6th highest of 21 |
| Distance from 52-week high | -5.5% | -34.0% | 2nd highest of 21 |
| Revenue growth (TTM) | +6.9% | +9.7% | 11th highest of 21 |
| Operating margin | 10.8% | 8.3% | 9th highest of 21 |
| EV / Sales | 0.9× | 1.3× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 1.1% | -0.2% | 7th most demanding of 14 |
| Growth delivered (Del g) | +2.1% | +4.1% | 7th lowest of 14 |
| Hurdle (Req g minus delivered) | -1.0 pp | -1.8 pp | 7th most demanding of 14 |
| ROIC minus cost of capital | +5.5 pp | +0.8 pp | 7th highest of 21 |
| EV / EBITDA | 6.8× | 9.4× | 4th cheapest of 12 |
| Net debt / EBITDA | -1.2× | 0.8× | 3rd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yondenko 1939.T | Japan | $685M | +10% | +7% | 11% | 0.9× | 1.1% | +2.1% |
| Dilip Buildcon DBL.NS | India | $688M | -17% | -19% | 16% | 0.7× | n/a | n/a |
| Cardinal Infrastructure CDNL | United States | $691M | -73% | +90% | 8% | 1.4× | n/a | n/a |
| Yokogawa Bridge 5911.T | Japan | $679M | -6% | +4% | 8% | 0.8× | -12.8% | +1.1% |
| Da-Cin Construction 2535.TW | Taiwan | $693M | +23% | +36% | 8% | 0.9× | -10.6% | +7.9% |
| Zhejiang Yasha Decoration 002375.SZ | China | $695M | -16% | -25% | 6% | 0.7× | -0.2% | -3.3% |
| United Testing Inspection And Certification Technology 301115.SZ | China | $702M | +22% | +5% | -1% | 3.0× | n/a | n/a |
| Anhui Orivie Technology 300692.SZ | China | $702M | -7% | -6% | 21% | 7.5× | 10.9% | +0.1% |
| Shanghai CDXJ Digital Technology 603887.SS | China | $705M | -49% | +79% | 3% | 1.8× | n/a | n/a |
| Ceigall India CEIGALL.NS | India | $708M | +5% | +20% | 13% | 1.6× | n/a | n/a |
| Kingfore Energy 001210.SZ | China | $662M | +32% | +15% | 12% | 3.2× | 13.4% | +9.6% |
| Boustead Singapore F9D.SI | Singapore | $662M | -35% | +18% | 12% | 0.9× | -11.4% | -1.9% |
| Shenzhen Grandland 002482.SZ | China | $658M | -32% | +46% | -4% | 2.4× | 24.9% | -33.5% |
| PS Construction 1871.T | Japan | $656M | -17% | +6% | 9% | 0.8× | n/a | n/a |
| Cloudberry Clean Energy CLOUD.OL | Norway | $645M | +2% | +79% | 14% | 15.7× | 41.7% | +168.9% |
| Techno Ryowa 1965.T | Japan | $644M | +12% | +14% | 16% | 0.8× | -11.0% | +12.5% |
| Mistras MG | United States | $642M | +14% | +5% | 7% | 1.1× | 7.6% | +4.1% |
| Shanghai Pudong Construction 600284.SS | China | $739M | -28% | -17% | 1% | 0.0× | n/a | n/a |
| Cecep Guozhen Environmental Protection Technology 300388.SZ | China | $632M | -22% | +5% | 18% | 3.5× | -2.0% | -1.0% |
| COFCO Technology & Industry 301058.SZ | China | $630M | -17% | +3% | 8% | 0.9× | -3.5% | +8.4% |
| Bowman Consulting BWMN | United States | $745M | -19% | +14% | 5% | 1.9× | 30.3% | +32.1% |