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198A.T$158.00-1.86%
Fair $158.00+0.0%

198A.T

198A.T

Technology / Software - ApplicationTokyo

$158.00

-3.00 (-1.86%)

Fairly Valued+0.0%Fair Value $158.00Fund rank 31/100 · Data gapFallback financials|
SA 32/D
F-Score: 1/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 32% · confianza 24%

FCF escenarios

weak_data · normalized FCF $316.4M · quality 51.7/100

Data gap 31/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 58/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

32/100

D

Piotroski

1/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · 198A.TLocal privado en este navegador · 198A.T
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$1.6B

P/E

19.0x

↓

EV/EBITDA

4.0x

↓

ROE

8.8%

↑

Gross Margin

87.7%

↑

Debt/Equity

N/A

•
52-Week Range$158
$140$839

TradingView lightweight chart

198A.T price, volumen y niveles de valoración

Último $158.00Periodo -70.2%
Fair value: $158.00

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+11.7%

FCF CAGR

—

FCF margin

-5.0%

FCF / Net income

-0.52x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $897.4M · net income $87.3M · FCF $-45.0M

2022-FY → 2025-FY

Gross margin

87.7%-11.0% pts

Operating margin

20.4%-36.7% pts

Net margin

9.7%-21.4% pts

FCF margin

-5.0%-55.0% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$897.4M$897.4M$945.3M$787.1M$644.4M
Net Income$87.3M$87.3M$263.2M$186.1M$200.8M
EBITDA$185.8M$185.8M$352.8M$248.0M$370.0M
EPS8.318.3126.3218.6119.89
Gross Margin87.7%87.7%89.0%90.1%98.7%
Operating Margin20.4%20.4%37.1%31.4%57.2%
Net Margin9.7%9.7%27.8%23.6%31.2%
Balance Sheet
Current Ratio3.983.98———
Cash Flow
Free Cash Flow$-45.0M$-45.0M$316.4M$357.6M$322.2M
Returns
ROE8.8%8.8%30.3%30.7%47.9%
Valuation
P/E19.0119.01———
EV/EBITDA4.024.02———
P/B1.661.66———
Growth & Yield
Revenue Growth-5.1%-5.1%20.1%22.2%—
EPS Growth-68.4%-68.4%41.4%-6.4%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

19.0%

exigente

EPS terminal req.

$14.02

Spread vs growth

-87.5%

5Y implied EPS CAGR

15.3%

exigente

EPS terminal req.

$16.96

Spread vs growth

-83.8%

10Y implied EPS CAGR

12.6%

razonable

EPS terminal req.

$27.32

Spread vs growth

-81.1%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -70.9%

Total return

-70.9%

Start / end P/E

20.6x → 19.0x

EPS bridge

26.32 → 8.31

Residual

+5.4%

EPS growth-68.4%
Multiple rerating-7.9%
Dividend+0.0%
Residual / FX / buybacks / cross-term+5.4%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.