Loading…
Industrial waste treatment and recycling company operating incineration and processing facilities in central Japan.
Industrial waste treatment and recycling company operating incineration and processing facilities in central Japan.
Moat: narrow (regulatory licence, installed base). Waste-treatment permits and processing facility installed base are slow to replicate.
Headquarters: Nagoya, Japan · Employees: 2,428
Size Daiei Kankyo (9336.T) is a Japan Industrials company (Environmental Services) with a market value of $2.57B, the 405th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,060 on 6 Nov 2026.
Performance Over six months the shares gained 7.8%, against -14.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 13.8% over the last twelve months (peer median +4.4%); the operating margin is 25.5% (peer median 16.6%).
Valuation It trades at 24.2× forward earnings against a peer median of 14.2× (4th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.0 points above its cost of capital (5.0% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥92.0B | ¥87.9B | ¥80.2B | ¥73.0B | ¥67.7B |
| Revenue growth | — | +10% | +10% | +8% | — |
| Gross profit | ¥40.0B | ¥38.2B | ¥35.0B | ¥31.6B | ¥29.1B |
| EBITDA | ¥34.9B | ¥32.2B | ¥28.2B | ¥26.3B | ¥22.2B |
| Net income | ¥16.5B | ¥15.8B | ¥14.4B | ¥13.6B | ¥10.5B |
| Free cash flow | n/a | ¥7.75B | ¥6.67B | ¥8.55B | ¥3.33B |
| Capital expenditure | n/a | ¥17.7B | ¥16.4B | ¥13.1B | ¥12.9B |
| Total debt | ¥109B | ¥116B | ¥66.5B | ¥61.2B | ¥66.8B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Daiei Kankyo 9336.T | $2.57B | +8% | +14% | 26% | 24.2× | 4.2% |
| Daiseki 9793.T | $1.02B | -20% | +4% | 21% | 14.0× | -7.6% |
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 | 9336.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.2% | +1.5% | 4th highest of 21 |
| 6-month return | +7.8% | -14.9% | 3rd highest of 21 |
| Distance from 52-week high | -7.0% | -27.8% | 4th highest of 21 |
| Revenue growth (TTM) | +13.8% | +4.4% | 5th highest of 21 |
| Operating margin | 25.5% | 16.6% | 4th highest of 19 |
| Forward P/E | 24.2× | 14.2× | 4th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 4.2% | 0.1% | 4th most demanding of 13 |
| Growth delivered (Del g) | +7.4% | +13.0% | 4th lowest of 13 |
| Hurdle (Req g minus delivered) | -3.1 pp | -11.3 pp | 4th most demanding of 13 |
| ROIC minus cost of capital | +4.0 pp | -0.6 pp | 4th highest of 19 |
| EV / EBITDA | 13.5× | 14.8× | 4th cheapest of 7 |
| Net debt / EBITDA | 1.8× | 3.1× | 3rd least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Daiei Kankyo 9336.T | Japan | $2.57B | +8% | +14% | 26% | 24.2× | 4.2% | +7.4% |
| Beijing GeoEnviron Engineering & Technology 603588.SS | China | $2.55B | -23% | +50% | 12% | 10.5× | 2.7% | +16.6% |
| Grandblue Environment 600323.SS | China | $3.78B | -3% | +24% | 24% | 11.0× | -4.7% | +13.3% |
| Hunan Junxin Environmental Protection 301109.SZ | China | $1.73B | -9% | +1% | n/a | 14.2× | n/a | n/a |
| Befesa BFSA.DE | Germany | $1.67B | +6% | -2% | n/a | 13.0× | 3.1% | +14.4% |
| China Tianying 000035.SZ | China | $1.64B | -30% | -1% | 16% | 21.9× | n/a | n/a |
| Cleanaway Waste Management CWY.AX | Australia | $4.68B | +35% | +13% | 8% | 28.2× | 20.5% | +12.6% |
| Shanghai Environment 601200.SS | China | $1.40B | -16% | -10% | 18% | 14.7× | -2.6% | +6.8% |
| Wuhan Tianyuan 301127.SZ | China | $1.31B | -5% | +5% | 17% | 31.1× | n/a | n/a |
| Fomento de Construcciones y Contratas FCC.MC | Spain | $5.53B | -10% | +10% | 7% | 15.1× | 2.9% | +9.5% |
| Wangneng Environment 002034.SZ | China | $1.12B | -15% | 0% | 30% | 9.6× | -13.6% | +14.1% |
| Casella Waste Systems CWST | United States | $6.25B | +15% | +14% | 5% | 72.1× | 36.3% | +18.8% |
| Zhongyuan Environmental Protection 000544.SZ | China | $1.05B | -15% | 0% | 32% | 5.1× | n/a | n/a |
| Daiseki 9793.T | Japan | $1.02B | -20% | +4% | 21% | 14.0× | -7.6% | +6.9% |
| China Sciences Ecorizon Tech 301175.SZ | China | $1.01B | -7% | +42% | 25% | 18.1× | n/a | n/a |
| Huaxin Resources Technology 301265.SZ | China | $1,000M | -14% | +13% | 7% | n/a | n/a | n/a |
| EIT Environmental Development 300815.SZ | China | $962M | -25% | +4% | 13% | 10.7× | -7.0% | +12.3% |
| Cleanaway 8422.TW | Taiwan | $937M | -20% | +5% | 30% | 21.0× | n/a | n/a |
| Onterris ONT | United States | $770M | -1% | -1% | 1% | n/a | 44.1% | +20.4% |
| Shenzhen Lions King Hi-Tech 301305.SZ | China | $758M | -22% | +19% | 18% | 13.4× | n/a | n/a |
| China Resources and Environment 600217.SS | China | $719M | -24% | -19% | -8% | n/a | -13.6% | -2.2% |