Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Equity Bottom-Up

<ul>
<li>Keyence is a structural growth stock that has fallen by 31% over the past year reflecting near term risks to growth</li>
<li>Although Keyence is a major beneficiary of continued investment in industrial automation, the company would need to grow significantly quicker than the industry to justify the current valuation</li>
<li>We analyse Keyence’s core value drivers – revenue, margins, risk and reinvestment – but see better risk/reward in other growth stocks</li>
</ul>


Keyence is a structural growth stock that has fallen by 31% over the past year reflecting near term risks to growth
Although Keyence is a major beneficiary of continued investment in industrial automation, the company would need to grow significantly quicker than the industry to justify the current valuation
We analyse Keyence’s core value drivers – revenue, margins, risk and reinvestment – but see better risk/reward in other growth stocks


Keyence (6861) | Better Risk/Reward at Peers

Keyence Corp

Keyence (6861) | Better Risk/Reward at Peers