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3692.T$5630.00-3.76%
Fair $5630.00+0.0%

3692.T

FFRI Security, Inc.

Technology / Software - ApplicationTokyo

$5630.00

-220.00 (-3.76%)

Fairly Valued+0.0%Fair Value $5630.00Fund rank 33/100 · Data gapFallback financials|
SA 58/C
F-Score: 5/9

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 26% · confianza 25%

FCF escenarios

weak_data · normalized FCF $370.4M · quality 63.7/100

Data gap 33/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 50/100Data 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

58/100

C

Piotroski

5/9

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 · 3692.TLocal privado en este navegador · FFRI Security, 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

$44.5B

P/E

40.4x

↑

EV/EBITDA

45.8x

↑

ROE

24.6%

↑

Gross Margin

66.8%

↑

Debt/Equity

0.00

↓
52-Week Range$5630
$4255$13800

TradingView lightweight chart

3692.T price, volumen y niveles de valoración

Último $5,630Periodo +343.7%
Fair value: $5,630

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

+19.5%

FCF CAGR

—

FCF margin

19.6%

FCF / Net income

0.87x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $3.04B · net income $687.0M · FCF $595.2M

2022-FY → 2025-FY

Gross margin

66.8%-2.1% pts

Operating margin

26.9%+21.1% pts

Net margin

22.6%+15.8% pts

FCF margin

19.6%+22.3% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$3.04B$3.04B$2.45B$1.95B$1.78B
Net Income$687.0M$687.0M$432.2M$187.3M$121.0M
EBITDA$925.1M$925.1M$583.5M$257.3M$209.3M
EPS86.8686.8654.6423.6014.96
Gross Margin66.8%66.8%63.0%59.8%68.9%
Operating Margin26.9%26.9%20.3%10.4%5.8%
Net Margin22.6%22.6%17.7%9.6%6.8%
Balance Sheet
Debt/Equity0.000.00———
Current Ratio2.272.27———
Cash Flow
Free Cash Flow$595.2M$595.2M$370.4M$276.2M$-48.5M
Returns
ROE24.6%24.6%19.8%10.7%7.0%
Valuation
P/E40.4440.4435.8239.9681.22
EV/EBITDA45.8145.8122.9722.2439.10
P/B15.9715.977.104.285.70
Growth & Yield
Revenue Growth24.2%24.2%25.3%9.7%—
EPS Growth59.0%59.0%131.5%57.8%—
Dividend Yield0.3%0.3%———

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

79.2%

muy exigente

EPS terminal req.

$499.57

Spread vs growth

-20.2%

5Y implied EPS CAGR

47.4%

muy exigente

EPS terminal req.

$604.48

Spread vs growth

11.6%

10Y implied EPS CAGR

27.3%

muy exigente

EPS terminal req.

$973.52

Spread vs growth

31.6%

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 +20.1%

Total return

+20.1%

Start / end P/E

86.0x → 64.8x

EPS bridge

54.64 → 86.86

Residual

-14.5%

EPS growth+59.0%
Multiple rerating-24.6%
Dividend+0.3%
Residual / FX / buybacks / cross-term-14.5%

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.