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3687.T$2625.00+2.10%
Fair $2625.00+0.0%

3687.T

Fixstars Corporation

Technology / Software - ApplicationTokyo

$2625.00

+54.00 (+2.10%)

Fairly Valued+0.0%Fair Value $2625.00Fund rank 37/100 · Data gapFallback financials|
SA 74/B
F-Score: 7/9

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 23% · confianza 25%

FCF escenarios

weak_data · normalized FCF $1.5B · quality 78.3/100

Data gap 37/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 80/100Data 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

74/100

B

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: 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 · 3687.TLocal privado en este navegador · Fixstars Corporation
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

$84.8B

P/E

49.3x

↑

EV/EBITDA

28.9x

↑

ROE

23.6%

↑

Gross Margin

52.1%

↑

Debt/Equity

0.01

↓
52-Week Range$2625
$1186$2883

TradingView lightweight chart

3687.T price, volumen y niveles de valoración

Último $2,624Periodo +522.4%
Fair value: $2,625

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

+15.1%

FCF CAGR

+8.9%

FCF margin

19.4%

FCF / Net income

0.96x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $9.62B · net income $1.95B · FCF $1.87B

2022-FY → 2025-FY

Gross margin

52.1%+4.1% pts

Operating margin

26.8%+1.1% pts

Net margin

20.2%+3.1% pts

FCF margin

19.4%-3.5% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$9.62B$9.62B$8.00B$7.04B$6.31B
Net Income$1.95B$1.95B$1.49B$1.45B$1.08B
EBITDA$2.75B$2.75B$2.44B$2.23B$1.83B
EPS60.3460.3446.3945.0133.53
Gross Margin52.1%52.1%52.3%50.8%48.0%
Operating Margin26.8%26.8%28.8%29.6%25.7%
Net Margin20.2%20.2%18.7%20.6%17.2%
Balance Sheet
Debt/Equity0.010.010.080.230.48
Current Ratio6.196.19———
Cash Flow
Free Cash Flow$1.87B$1.87B$1.49B$681.9M$1.45B
Returns
ROE23.6%23.6%22.2%25.7%24.5%
Valuation
P/E49.3449.3433.1323.9732.06
EV/EBITDA28.8828.8818.5314.0417.31
P/B10.2610.267.366.157.86
Growth & Yield
Revenue Growth20.3%20.3%13.6%11.5%—
EPS Growth30.1%30.1%3.1%34.2%—
Dividend Yield0.7%0.7%———

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

56.9%

muy exigente

EPS terminal req.

$232.93

Spread vs growth

-26.8%

5Y implied EPS CAGR

36.1%

muy exigente

EPS terminal req.

$281.84

Spread vs growth

-6.0%

10Y implied EPS CAGR

22.4%

exigente

EPS terminal req.

$453.90

Spread vs growth

7.7%

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 +35.0%

Total return

+35.0%

Start / end P/E

42.1x → 43.5x

EPS bridge

46.39 → 60.34

Residual

+1.0%

EPS growth+30.1%
Multiple rerating+3.2%
Dividend+0.7%
Residual / FX / buybacks / cross-term+1.0%

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.