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9478.T$499.00-4.41%
Fair $499.00+0.0%

9478.T

SE Holdings and Incubations Co., Ltd.

Communication Services / PublishingTokyo

$499.00

-23.00 (-4.41%)

Fairly Valued+0.0%Fair Value $499.00Fund rank 26/100 · Data gapFallback financials|
SA 53/C
F-Score: 1/9
Declining RevenueMargin Compression

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 34% · confianza 18%

FCF escenarios

weak_data · normalized FCF $-39.0M · quality 43.3/100

Data gap 26/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 18/100Data 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

53/100

C

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: 2unknown: 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 2 consecutive years Operating margin has declined for 3 consecutive years
Thesis & Journal · 9478.TLocal privado en este navegador · SE Holdings and Incubations 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

$7.6B

P/E

13.1x

↓

EV/EBITDA

10.8x

↑

ROE

5.9%

↑

Gross Margin

48.9%

↑

Debt/Equity

0.39

↑
52-Week Range$499
$286$560

TradingView lightweight chart

9478.T price, volumen y niveles de valoración

Último $499.00Periodo +12694.9%
Fair value: $499.00

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

+0.7%

FCF CAGR

—

FCF margin

-4.6%

FCF / Net income

-0.63x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $7.24B · net income $531.0M · FCF $-332.0M

2022-FY → 2025-FY

Gross margin

48.9%-5.3% pts

Operating margin

11.3%-9.6% pts

Net margin

7.3%-5.5% pts

FCF margin

-4.6%-12.6% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$7.24B$7.24B$7.32B$7.33B$7.09B
Net Income$531.0M$531.0M$729.0M$965.0M$907.0M
EBITDA$878.0M$878.0M$1.19B$1.45B$1.46B
EPS30.4530.4538.4046.5341.69
Gross Margin48.9%48.9%51.0%52.7%54.2%
Operating Margin11.3%11.3%16.6%19.6%20.9%
Net Margin7.3%7.3%10.0%13.2%12.8%
Balance Sheet
Debt/Equity0.390.390.350.370.39
Current Ratio4.434.43———
Cash Flow
Free Cash Flow$-332.0M$-332.0M$424.0M$-39.0M$568.0M
Returns
ROE5.9%5.9%8.6%13.8%14.1%
Valuation
P/E13.0913.098.155.185.61
EV/EBITDA10.8210.824.993.403.06
P/B0.960.960.700.720.79
Growth & Yield
Revenue Growth-1.0%-1.0%-0.2%3.5%—
EPS Growth-20.7%-20.7%-17.5%11.6%—
Dividend Yield0.8%0.8%———

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

13.3%

razonable

EPS terminal req.

$44.28

Spread vs growth

-34.0%

5Y implied EPS CAGR

12.0%

razonable

EPS terminal req.

$53.58

Spread vs growth

-32.7%

10Y implied EPS CAGR

11.0%

razonable

EPS terminal req.

$86.29

Spread vs growth

-31.7%

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 +68.2%

Total return

+68.2%

Start / end P/E

7.8x → 16.4x

EPS bridge

38.40 → 30.45

Residual

-23.0%

EPS growth-20.7%
Multiple rerating+111.2%
Dividend+0.8%
Residual / FX / buybacks / cross-term-23.0%

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.