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3632.T$410.00-2.38%
Fair $410.00+0.0%

3632.T

GREE Holdings, Inc.

Communication Services / Electronic Gaming & MultimediaTokyo

$410.00

-10.00 (-2.38%)

Fairly Valued+0.0%Fair Value $410.00Fund rank 32/100 · Data gapFallback financials|
SA 39/D
F-Score: 2/9
Declining RevenueLow Profitability

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 31% · confianza 25%

FCF escenarios

weak_data · normalized FCF $3.4B · quality 61.0/100

Data gap 32/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 43/100Data 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

39/100

D

Piotroski

2/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 2unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific holding-company NAV/SOTP model required: targets are disabled until look-through holdings, debt and discount data exists. Revenue has declined for 2 consecutive years ROE is 1.3%, below the 5% threshold
Thesis & Journal · 3632.TLocal privado en este navegador · GREE Holdings, Inc.
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

$70.4B

P/E

48.1x

↑

EV/EBITDA

11.5x

↑

ROE

1.3%

↓

Gross Margin

51.1%

↑

Debt/Equity

0.27

↑
52-Week Range$410
$357$541

TradingView lightweight chart

3632.T price, volumen y niveles de valoración

Último $410.00Periodo -14.6%
Fair value: $410.00

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

-8.6%

FCF CAGR

-61.7%

FCF margin

1.2%

FCF / Net income

0.56x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $57.11B · net income $1.19B · FCF $668.0M

2022-FY → 2025-FY

Gross margin

51.1%-8.7% pts

Operating margin

8.5%-6.8% pts

Net margin

2.1%-11.4% pts

FCF margin

1.2%-14.7% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$57.11B$57.11B$61.31B$75.44B$74.91B
Net Income$1.19B$1.19B$4.63B$9.28B$10.12B
EBITDA$4.14B$4.14B$7.68B$13.15B$15.27B
EPS6.906.9026.7953.4754.01
Gross Margin51.1%51.1%55.8%61.8%59.9%
Operating Margin8.5%8.5%9.8%16.6%15.3%
Net Margin2.1%2.1%7.6%12.3%13.5%
Balance Sheet
Debt/Equity0.270.270.170.170.09
Current Ratio6.336.33———
Cash Flow
Free Cash Flow$668.0M$668.0M$3.36B$4.16B$11.87B
Returns
ROE1.3%1.3%4.9%10.0%11.1%
Valuation
P/E48.0748.0720.1611.4515.39
EV/EBITDA11.5511.557.845.457.15
P/B0.760.760.981.151.71
Growth & Yield
Revenue Growth-6.8%-6.8%-18.7%0.7%—
EPS Growth-74.2%-74.2%-49.9%-1.0%—
Dividend Yield6.2%6.2%———

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

74.0%

muy exigente

EPS terminal req.

$36.38

Spread vs growth

-148.3%

5Y implied EPS CAGR

44.9%

muy exigente

EPS terminal req.

$44.02

Spread vs growth

-119.1%

10Y implied EPS CAGR

26.2%

muy exigente

EPS terminal req.

$70.90

Spread vs growth

-100.5%

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 -13.3%

Total return

-13.3%

Start / end P/E

19.0x → 59.4x

EPS bridge

26.79 → 6.90

Residual

-158.0%

EPS growth-74.2%
Multiple rerating+212.7%
Dividend+6.2%
Residual / FX / buybacks / cross-term-158.0%

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.