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438A.T$786.00-5.98%
Fair $786.00+0.0%

438A.T

438A.T

Technology / Software - InfrastructureTokyo

$786.00

-50.00 (-5.98%)

Fairly Valued+0.0%Fair Value $786.00Fund rank 27/100 · Data gapFallback financials|
SA 25/D
F-Score: 4/9
Low 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 26% · confianza 25%

FCF escenarios

weak_data · normalized FCF $-904.5M · quality 56.3/100

Data gap 27/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 35/100Data 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

25/100

D

Piotroski

4/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

8/100

SEC 0%

Latest source: unknownPeriods: 2Warnings: 1unknown: 2
No SEC-backed annual rows; valuation uses fallback financial data. Limited financial history; valuation confidence should be treated as provisional. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. ROE is 3.1%, below the 5% threshold
Thesis & Journal · 438A.TLocal privado en este navegador · 438A.T
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

$16.3B

P/E

213.6x

↑

EV/EBITDA

85.2x

↑

ROE

3.1%

↓

Gross Margin

44.5%

↑

Debt/Equity

0.57

↑
52-Week Range$786
$702$1695

TradingView lightweight chart

438A.T price, volumen y niveles de valoración

Último $786.00Periodo -45.8%
Fair value: $786.00

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2024–2025 · 1 años de histórico normalizado

Revenue CAGR

+22.9%

FCF CAGR

—

FCF margin

-8.5%

FCF / Net income

-8.11x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $7.17B · net income $74.7M · FCF $-606.3M

2024-FY → 2025-FY

Gross margin

44.5%-2.3% pts

Operating margin

2.0%+11.0% pts

Net margin

1.0%+10.6% pts

FCF margin

-8.5%+12.2% pts
MetricTTM
2025
2024
Income Statement
Revenue$7.17B$7.17B$5.84B
Net Income$74.7M$74.7M$-557.8M
EBITDA$185.1M$185.1M$-488.2M
EPS3.673.67—
Gross Margin44.5%44.5%46.7%
Operating Margin2.0%2.0%-9.1%
Net Margin1.0%1.0%-9.6%
Balance Sheet
Debt/Equity0.570.573.25
Current Ratio2.062.06—
Cash Flow
Free Cash Flow$-606.3M$-606.3M$-1.20B
Returns
ROE3.1%3.1%-81.9%
Valuation
P/E213.59213.59—
EV/EBITDA85.2085.20—
P/B6.636.63—
Growth & Yield
Revenue Growth22.9%22.9%—

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

166.9%

muy exigente

EPS terminal req.

$69.74

Spread vs growth

-144.0%

5Y implied EPS CAGR

87.2%

muy exigente

EPS terminal req.

$84.39

Spread vs growth

-64.3%

10Y implied EPS CAGR

43.5%

muy exigente

EPS terminal req.

$135.91

Spread vs growth

-20.6%

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 · available periodreconcilia total -45.8%

Total return

-45.8%

Start / end P/E

n/dx → n/dx

EPS bridge

n/d → 3.67

Residual

-45.8%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-45.8%

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.