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3765.T$2302.00+3.36%
Fair $2302.00+0.0%

3765.T

GungHo Online Entertainment, Inc.

Communication Services / Electronic Gaming & MultimediaTokyo

$2302.00

+75.00 (+3.36%)

Fairly Valued+0.0%Fair Value $2302.00Fund rank 29/100 · Data gapFallback financials|
SA 23/D
F-Score: 1/9
Declining RevenueMargin CompressionLow 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 32% · confianza 23%

FCF escenarios

weak_data · normalized FCF $16.9B · quality 52.3/100

Data gap 29/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 51/100Data 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

23/100

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: 3unknown: 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. Revenue has declined for 2 consecutive years Operating margin has declined for 3 consecutive years ROE is 1.1%, below the 5% threshold
Thesis & Journal · 3765.TLocal privado en este navegador · GungHo Online Entertainment, 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

$120.8B

P/E

90.0x

↑

EV/EBITDA

-0.5x

↓

ROE

1.1%

↓

Gross Margin

45.4%

↓

Debt/Equity

N/A

•
52-Week Range$2302
$2135$3049

TradingView lightweight chart

3765.T price, volumen y niveles de valoración

Último $2,305Periodo +3986.9%
Fair value: $2,302

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

-4.0%

FCF CAGR

—

FCF margin

-1.0%

FCF / Net income

-0.68x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $93.24B · net income $1.41B · FCF $-960.0M

2022-FY → 2025-FY

Gross margin

45.4%-10.0% pts

Operating margin

5.4%-20.8% pts

Net margin

1.5%-16.5% pts

FCF margin

-1.0%-18.3% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$93.24B$93.24B$103.60B$125.31B$105.50B
Net Income$1.41B$1.41B$11.17B$16.43B$19.02B
EBITDA$7.62B$7.62B$20.80B$30.57B$29.73B
EPS25.5125.51180.70270.20303.48
Gross Margin45.4%45.4%51.6%45.5%55.4%
Operating Margin5.4%5.4%16.9%22.2%26.2%
Net Margin1.5%1.5%10.8%13.1%18.0%
Balance Sheet
Debt/Equity————0.00
Current Ratio6.866.86———
Cash Flow
Free Cash Flow$-960.0M$-960.0M$16.89B$19.90B$18.23B
Returns
ROE1.1%1.1%8.7%12.8%16.1%
Valuation
P/E89.9689.9618.458.626.89
EV/EBITDA-0.46-0.465.120.180.18
P/B1.031.031.601.101.11
Growth & Yield
Revenue Growth-10.0%-10.0%-17.3%18.8%—
EPS Growth-85.9%-85.9%-33.1%-11.0%—
Dividend Yield3.9%3.9%———

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

100.1%

muy exigente

EPS terminal req.

$204.26

Spread vs growth

-185.9%

5Y implied EPS CAGR

57.5%

muy exigente

EPS terminal req.

$247.16

Spread vs growth

-143.4%

10Y implied EPS CAGR

31.6%

muy exigente

EPS terminal req.

$398.05

Spread vs growth

-117.5%

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 -13.0%

Total return

-13.0%

Start / end P/E

15.4x → 90.4x

EPS bridge

180.70 → 25.51

Residual

-419.5%

EPS growth-85.9%
Multiple rerating+488.5%
Dividend+3.9%
Residual / FX / buybacks / cross-term-419.5%

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.