Daifuku Co., Ltd. 6383

Daifuku has delivered a powerful 3 year share price run, which puts a spotlight on whether the cash the business can generate really lines up with where the stock now trades. With the focus squarely on its cash flows, the question is whether the current market value is being set by durable fundamentals or by investor optimism. Daifuku has returned 105.9% over the past 3 years, which raises the question of how much future cash generation is already reflected in the share price. The company’s...