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3920.T$1000.00+0.00%
Fair $1000.00+0.0%

3920.T

Internetworking and Broadband Consulting Co.,Ltd.

Technology / Information Technology ServicesTokyo

$1000.00

+0.00 (+0.00%)

Fairly Valued+0.0%Fair Value $1000.00Fund rank 38/100 · Data gapFallback financials|
SA 69/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 $399.6M · quality 79.3/100

Data gap 38/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 87/100Data 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

69/100

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 · 3920.TLocal privado en este navegador · Internetworking and Broadband Consulting 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

$5.6B

P/E

14.4x

↓

EV/EBITDA

6.3x

↓

ROE

18.1%

↑

Gross Margin

76.9%

↑

Debt/Equity

0.35

↑
52-Week Range$1000
$769$1151

TradingView lightweight chart

3920.T price, volumen y niveles de valoración

Último $1,000Periodo -66.4%
Fair value: $1,000

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

+17.0%

FCF CAGR

+23.7%

FCF margin

25.0%

FCF / Net income

1.46x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $2.40B · net income $410.7M · FCF $600.7M

2022-FY → 2025-FY

Gross margin

76.9%+8.7% pts

Operating margin

23.5%+26.7% pts

Net margin

17.1%+18.2% pts

FCF margin

25.0%+3.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$2.40B$2.40B$2.09B$1.90B$1.50B
Net Income$410.7M$410.7M$230.2M$70.4M$-17.5M
EBITDA$620.1M$620.1M$328.5M$200.8M$27.8M
EPS74.0774.0741.4612.67-3.17
Gross Margin76.9%76.9%74.3%70.3%68.3%
Operating Margin23.5%23.5%18.4%11.2%-3.2%
Net Margin17.1%17.1%11.0%3.7%-1.2%
Balance Sheet
Debt/Equity0.350.350.450.530.59
Current Ratio4.104.10———
Cash Flow
Free Cash Flow$600.7M$600.7M$306.8M$399.6M$317.0M
Returns
ROE18.1%18.1%12.1%3.9%-1.0%
Valuation
P/E14.3914.3913.0043.73—
EV/EBITDA6.346.345.8412.0475.36
P/B2.442.441.571.681.32
Growth & Yield
Revenue Growth15.0%15.0%10.0%26.6%—
EPS Growth78.7%78.7%227.2%499.7%—

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

6.2%

razonable

EPS terminal req.

$88.73

Spread vs growth

72.4%

5Y implied EPS CAGR

7.7%

razonable

EPS terminal req.

$107.37

Spread vs growth

70.9%

10Y implied EPS CAGR

8.8%

razonable

EPS terminal req.

$172.92

Spread vs growth

69.8%

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 +5.5%

Total return

+5.5%

Start / end P/E

22.9x → 13.5x

EPS bridge

41.46 → 74.07

Residual

-32.2%

EPS growth+78.7%
Multiple rerating-41.0%
Dividend+0.0%
Residual / FX / buybacks / cross-term-32.2%

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.