NTDOF - Nintendo: Like The Attractive Valuation And Industry Tailwind
- Nintendo is a leading gaming company from Japan. The company designs, develops, manufactures and distributes entertainment consoles and games.
- Nintendo has multiple aspects to like. I highlight four: strong brand equity, continued focus on innovation, favorable industry tailwind and strong financials.
- The company's stock trades cheap - arguably too cheap at 12.55 P/E and 2.8 EV/Sales.
- I value the company based on a Residual Earnings framework, anchored on analyst consensus EPS, and calculate a base-case target price of $69.49/share.
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Nintendo: Like The Attractive Valuation And Industry Tailwind