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3810.T$183.00-4.95%
Fair $183.00+0.0%

3810.T

CyberStep Holdings, Inc.

Communication Services / Electronic Gaming & MultimediaTokyo

$183.00

-10.00 (-4.95%)

Fairly Valued+0.0%Fair Value $183.00Fund rank 31/100 · Data gapFallback financials|
SA 15/F
F-Score: 2/9
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 33% · confianza 23%

FCF escenarios

weak_data · normalized FCF $-1.5B · quality 69.7/100

Data gap 31/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 34/100Data 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

15/100

F

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: 3unknown: 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 3 consecutive years Operating margin has declined for 3 consecutive years ROE is -3.1%, below the 5% threshold
Thesis & Journal · 3810.TLocal privado en este navegador · CyberStep 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

$12.6B

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-311.0%

↓

Gross Margin

50.7%

↑

Debt/Equity

0.22

↓
52-Week Range$183
$185$451

TradingView lightweight chart

3810.T price, volumen y niveles de valoración

Último $192.00Periodo -96.2%
Fair value: $183.00

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

-30.4%

FCF CAGR

—

FCF margin

-81.9%

FCF / Net income

1.21x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $2.50B · net income $-1.70B · FCF $-2.05B

2022-FY → 2025-FY

Gross margin

50.7%-22.6% pts

Operating margin

-71.4%-53.1% pts

Net margin

-67.7%-39.4% pts

FCF margin

-81.9%-65.2% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$2.50B$2.50B$2.99B$4.06B$7.42B
Net Income$-1.70B$-1.70B$-1.46B$-1.38B$-2.10B
EBITDA$-2.14B$-2.14B$-1.52B$-1.30B$-1.95B
EPS-110.71-110.71-122.34-126.98-258.98
Gross Margin50.7%50.7%55.6%63.6%73.3%
Operating Margin-71.4%-71.4%-48.8%-28.6%-18.3%
Net Margin-67.7%-67.7%-48.8%-34.0%-28.3%
Balance Sheet
Debt/Equity0.220.220.180.200.11
Current Ratio10.0310.03———
Cash Flow
Free Cash Flow$-2.05B$-2.05B$-1.45B$-1.22B$-1.24B
Returns
ROE-311.0%-311.0%-126.6%-63.1%-103.6%
Valuation
P/B5.145.142.522.533.49
Growth & Yield
Revenue Growth-16.1%-16.1%-26.4%-45.3%—
EPS Growth9.5%9.5%3.7%51.0%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

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 -34.2%

Total return

-34.2%

Start / end P/E

n/dx → n/dx

EPS bridge

-122.34 → -110.71

Residual

-34.2%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-34.2%

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.