Equity Bits highlights competitively advantaged cos occupying dominant or emerging market-leading positions in growth industries trading at large discounts.
Joined September 2024
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May 22
Equity Bits (formerly Capital Light) is an investing newsletter focused on global competitively advantaged businesses occupying a dominant or emerging market-leading position in growth industries.
Run by @LukeWolgram
Link in bio!
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May 29
Riken Keiki $7734 FY25 Update.
Equity Bit's base case is for ¥5000 per share or 37% upside from the most current price of ¥3650.
Equity Bits continues to believe that Riken Keiki remains materially undervalued.
Link in bio.
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May 21
ACTIONABLE IDEA #5: Riken Keiki (7734) — FY25 Update
Riken Keiki released FY25 earnings and a new medium-term management plan on May 13, 2026.
Highlights for FY25:
-> Revenue ¥55.2B ( 12.6% YoY)
-> Operating Profit ¥12.4B ( 16.8% YoY)
-> Net Profit ¥9.96B ( 24.4% YoY)
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May 21
Historical guidance history, along with backlog strength, continues to support the idea that management is conservative on targets.
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May 21
Equity Bits believes the stock remains attractive, trading at almost half the multiples of Western peers, despite a dominant market position and leading market share. At an EV/EBIT of 11.7, Equity Bits believes there remains upside to a mid to high teens multiple.
Long $7734.
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May 14
Capital Light is rebranding to Equity Bits.
This rebrand will give the newsletter more flexibility in the types of companies covered, and implies a shorter, punchier type of coverage in the future.
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Apr 17
Capital Light just published on Riken Keiki TSE: $7734.
Riken Keiki's business model is underappreciated by the market. 7734 trades at a discount to all major peers.
CL sees 30% immediate upside to fair value, and as much as 100% upside by 2027 in a bull case.
Link in bio!
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Apr 16
Tomorrow, Capital Light is publishing on a new Japanese long idea that it believes has up to 100% upside by 2027.
Post goes live at 10 AM ET/7 AM PT.
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Mar 18
Capital Light is now free! Paid subscriptions have been paused.
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Feb 14
No post this week. Enjoy the long weekend! We'll be back covering $HAYPP's Q4 2025 report next week!
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Equity Bits retweeted
Jan 24
Capital Light just published on two new ideas in Japan!
Link in bio!
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