Takeda’s fourth-quarter earnings and fiscal 2024 guidance were in line with our expectations. Separately, we lower our moat rating to no-moat from narrow. Despite our downgraded rating, we maintain our fair value estimate of JPY 4,700, as our previous fair value reflected sufficiently conservative assumptions.
Takeda has shown good progress on its cost-cutting initiatives and continues to focus on improving its operational efficiency.
Takeda’s pipeline is mostly early stage, and success or failure of clinical trials will be critical in determining the market’s perception of the company.
|
Metric
|
4502
|
JNJ
|
4568
|
|---|---|---|---|
Price/Earnings (Normalized) | 16.07 | 14.06 | 51.31 |
Price/Book Value | 0.91 | 5.06 | 6.57 |
Price/Sales | 1.57 | 4.13 | 6.93 |
Price/Cash Flow | 7.69 | 15.90 | 42.39 |
|
Metric
|
4502
|
JNJ
|
4568
|
|---|---|---|---|
Quick Ratio | 0.46 | 0.84 | 2.74 |
Current Ratio | 1.06 | 1.17 | 3.49 |
Interest Coverage | 1.93 | 23.57 | 11.76 |
|
Metric
|
4502
|
JNJ
|
4568
|
|---|---|---|---|
Return on Assets (Normalized) | 2.86% | 12.64% | 7.33% |
Return on Equity (Normalized) | 6.13% | 31.72% | 13.01% |
Return on Invested Capital (Normalized) | 4.78% | 20.11% | 11.32% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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