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3932.T$3130.00-4.57%
Fair $3130.00+0.0%

3932.T

Akatsuki Inc.

Communication Services / Electronic Gaming & MultimediaTokyo

$3130.00

-150.00 (-4.57%)

Fairly Valued+0.0%Fair Value $3130.00Fund rank 34/100 · Data gapFallback financials|
SA 59/C
F-Score: 7/9
Declining RevenueLow 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 25%

FCF escenarios

weak_data · normalized FCF $3.3B · quality 68.7/100

Data gap 34/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 49/100Data 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

59/100

C

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: 2unknown: 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 3 consecutive years ROE is 4.0%, below the 5% threshold
Thesis & Journal · 3932.TLocal privado en este navegador · Akatsuki 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

$45.1B

P/E

8.0x

↓

EV/EBITDA

4.8x

↓

ROE

4.0%

↓

Gross Margin

57.9%

↑

Debt/Equity

0.15

↓
52-Week Range$3130
$2480$3390

TradingView lightweight chart

3932.T price, volumen y niveles de valoración

Último $3,130Periodo +73.7%
Fair value: $3,130

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

-3.4%

FCF CAGR

-5.4%

FCF margin

13.9%

FCF / Net income

2.00x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $23.65B · net income $1.65B · FCF $3.29B

2022-FY → 2025-FY

Gross margin

57.9%-1.1% pts

Operating margin

16.6%-11.8% pts

Net margin

7.0%-12.8% pts

FCF margin

13.9%-0.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$23.65B$23.65B$23.97B$24.34B$26.27B
Net Income$1.65B$1.65B$1.29B$1.34B$5.19B
EBITDA$4.74B$4.74B$2.43B$3.96B$7.46B
EPS114.20114.20101.0796.07369.74
Gross Margin57.9%57.9%56.3%59.0%59.0%
Operating Margin16.6%16.6%11.2%23.4%28.4%
Net Margin7.0%7.0%5.4%5.5%19.8%
Balance Sheet
Debt/Equity0.150.150.180.260.11
Current Ratio8.208.20———
Cash Flow
Free Cash Flow$3.29B$3.29B$-325.0M$4.63B$3.90B
Returns
ROE4.0%4.0%3.2%3.5%13.6%
Valuation
P/E7.997.9923.8823.078.38
EV/EBITDA4.824.822.841.792.95
P/B1.091.090.770.801.14
Growth & Yield
Revenue Growth-1.3%-1.3%-1.5%-7.4%—
EPS Growth13.0%13.0%5.2%-74.0%—
Dividend Yield3.7%3.7%———

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

34.5%

muy exigente

EPS terminal req.

$277.74

Spread vs growth

-21.5%

5Y implied EPS CAGR

24.1%

exigente

EPS terminal req.

$336.06

Spread vs growth

-11.1%

10Y implied EPS CAGR

16.8%

exigente

EPS terminal req.

$541.23

Spread vs growth

-3.8%

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 +12.0%

Total return

+12.0%

Start / end P/E

28.6x → 27.4x

EPS bridge

101.07 → 114.20

Residual

-0.5%

EPS growth+13.0%
Multiple rerating-4.1%
Dividend+3.7%
Residual / FX / buybacks / cross-term-0.5%

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.