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3646.T$320.00-0.62%
Fair $320.00+0.0%

3646.T

Ekitan & Co., Ltd.

Communication Services / Internet Content & InformationTokyo

$320.00

-2.00 (-0.62%)

Fairly Valued+0.0%Fair Value $320.00Fund rank 27/100 · Data gapFallback financials|
SA 48/C
F-Score: 7/9
Low 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 34% · confianza 19%

FCF escenarios

weak_data · normalized FCF $20.5M · quality 48.3/100

Data gap 27/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 18/100Data 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

48/100

C

Piotroski

7/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 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. ROE is 3.5%, below the 5% threshold
Thesis & Journal · 3646.TLocal privado en este navegador · Ekitan & Co., Ltd.
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

$1.5B

P/E

26.3x

↑

EV/EBITDA

2.3x

↓

ROE

3.5%

↓

Gross Margin

33.0%

↓

Debt/Equity

0.17

↓
52-Week Range$320
$298$442

TradingView lightweight chart

3646.T price, volumen y niveles de valoración

Último $320.00Periodo -75.0%
Fair value: $320.00

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

+6.6%

FCF CAGR

-45.6%

FCF margin

1.3%

FCF / Net income

0.78x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $3.50B · net income $57.9M · FCF $45.3M

2022-FY → 2025-FY

Gross margin

33.0%-0.9% pts

Operating margin

3.3%-1.5% pts

Net margin

1.7%-1.1% pts

FCF margin

1.3%-8.5% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$3.50B$3.50B$4.04B$3.21B$2.89B
Net Income$57.9M$57.9M$-736.3M$89.8M$80.2M
EBITDA$236.6M$236.6M$-676.1M$316.0M$322.5M
EPS12.1512.15-152.0217.0414.56
Gross Margin33.0%33.0%29.1%29.5%33.9%
Operating Margin3.3%3.3%0.6%3.3%4.8%
Net Margin1.7%1.7%-18.2%2.8%2.8%
Balance Sheet
Debt/Equity0.170.170.220.040.04
Current Ratio3.503.50———
Cash Flow
Free Cash Flow$45.3M$45.3M$20.5M$-183.8M$282.3M
Returns
ROE3.5%3.5%-43.3%3.6%2.8%
Valuation
P/E26.3426.34—24.6529.05
EV/EBITDA2.312.31—2.811.09
P/B0.920.921.100.890.82
Growth & Yield
Revenue Growth-13.3%-13.3%26.0%10.9%—
EPS Growth108.0%108.0%-992.1%17.0%—
Dividend Yield2.5%2.5%———

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

32.7%

muy exigente

EPS terminal req.

$28.39

Spread vs growth

75.3%

5Y implied EPS CAGR

23.1%

exigente

EPS terminal req.

$34.36

Spread vs growth

84.9%

10Y implied EPS CAGR

16.4%

exigente

EPS terminal req.

$55.33

Spread vs growth

91.6%

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 -4.2%

Total return

-4.2%

Start / end P/E

n/dx → n/dx

EPS bridge

-152.02 → 12.15

Residual

-6.7%

EPS growthn/d
Multiple reratingn/d
Dividend+2.5%
Residual / FX / buybacks / cross-term-6.7%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

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.