V-CUBE, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 232 JPY | -1.69% |
|
-0.85% | -27.50% |
| Apr. 03 | V-cube Establishes New Company to Oversee Event DX Business, Eyes US Listing | MT |
| Mar. 25 | V-cube Secures 337 Million Yuan in Funding Through Third-Party Allotment of Shares | MT |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 8,829 | 15,751 | 73,224 | 25,619 | 17,354 | 7,767 |
| Enterprise Value (EV) 1 | 9,915 | 17,170 | 73,941 | 31,274 | 23,543 | 15,036 |
| P/E ratio | 19.7 x | 465 x | 66.5 x | 19.9 x | 208 x | -1.38 x |
| Yield | - | 0.15% | 0.13% | 0.76% | 0.56% | - |
| Capitalization / Revenue | 1.11 x | 2.47 x | 8.84 x | 2.23 x | 1.42 x | 0.7 x |
| EV / Revenue | 1.25 x | 2.7 x | 8.93 x | 2.72 x | 1.93 x | 1.36 x |
| EV / EBITDA | 7.47 x | 26.4 x | 37.8 x | 12.1 x | 12.1 x | 11.8 x |
| EV / FCF | 137 x | 104 x | 108 x | -112 x | -69.5 x | -13.3 x |
| FCF Yield | 0.73% | 0.96% | 0.93% | -0.89% | -1.44% | -7.53% |
| Price to Book | 2.39 x | 5.21 x | 19.3 x | 5.09 x | 2.94 x | 12.3 x |
| Nbr of stocks (in thousands) | 24,122 | 24,048 | 24,206 | 24,215 | 24,271 | 24,271 |
| Reference price 2 | 366.0 | 655.0 | 3,025 | 1,058 | 715.0 | 320.0 |
| Announcement Date | 3/29/19 | 3/27/20 | 3/29/21 | 3/31/22 | 3/31/23 | 3/29/24 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 7,960 | 6,369 | 8,282 | 11,493 | 12,229 | 11,084 |
| EBITDA 1 | 1,328 | 650 | 1,958 | 2,581 | 1,938 | 1,269 |
| EBIT 1 | 345 | -285 | 1,046 | 1,351 | 675 | -156 |
| Operating Margin | 4.33% | -4.47% | 12.63% | 11.75% | 5.52% | -1.41% |
| Earnings before Tax (EBT) 1 | 585 | -82 | 956 | 665 | 130 | -4,238 |
| Net income 1 | 456 | 34 | 1,138 | 1,324 | 84 | -5,623 |
| Net margin | 5.73% | 0.53% | 13.74% | 11.52% | 0.69% | -50.73% |
| EPS 2 | 18.58 | 1.410 | 45.52 | 53.22 | 3.430 | -231.7 |
| Free Cash Flow 1 | 72.5 | 165.4 | 687.4 | -279.9 | -338.6 | -1,133 |
| FCF margin | 0.91% | 2.6% | 8.3% | -2.44% | -2.77% | -10.22% |
| FCF Conversion (EBITDA) | 5.46% | 25.44% | 35.11% | - | - | - |
| FCF Conversion (Net income) | 15.9% | 486.4% | 60.4% | - | - | - |
| Dividend per Share | - | 1.000 | 4.000 | 8.000 | 4.000 | - |
| Announcement Date | 3/29/19 | 3/27/20 | 3/29/21 | 3/31/22 | 3/31/23 | 3/29/24 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 S1 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,266 | 6,026 | 2,483 | 2,985 | 5,468 | 3,608 | 3,002 | 6,610 | 2,483 | 3,136 | 5,619 | 3,009 | 5,751 | 2,360 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 259 | 1,021 | 90 | 224.9 | 314.9 | 390 | 283 | 673 | -121.4 | 123.4 | 2 | 104 | 117 | -315 |
| Operating Margin | 7.93% | 16.94% | 3.62% | 7.54% | 5.76% | 10.81% | 9.43% | 10.18% | -4.89% | 3.93% | 0.04% | 3.46% | 2.03% | -13.35% |
| Earnings before Tax (EBT) 1 | 414 | 936 | 83.78 | -370.2 | -286.2 | 357 | 259 | 616 | -133.8 | -351.2 | -485 | 65 | 56 | -458 |
| Net income 1 | 422 | 910 | 67.3 | 1.65 | 68.65 | 300 | 219 | 519 | -135.8 | -299.2 | -435 | 31 | 4 | -479 |
| Net margin | 12.92% | 15.1% | 2.71% | 0.06% | 1.26% | 8.31% | 7.3% | 7.85% | -5.47% | -9.54% | -7.74% | 1.03% | 0.07% | -20.3% |
| EPS 2 | 17.50 | 37.57 | 2.800 | - | - | 12.37 | - | 21.42 | -5.600 | - | - | 1.310 | 0.1800 | -19.79 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/13/20 | 8/13/21 | 11/1/21 | 2/10/22 | 2/10/22 | 4/28/22 | 8/12/22 | 8/12/22 | 11/11/22 | 2/14/23 | 2/14/23 | 5/12/23 | 8/10/23 | 11/14/23 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,086 | 1,419 | 717 | 5,655 | 6,189 | 7,269 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.8178 x | 2.183 x | 0.3662 x | 2.191 x | 3.193 x | 5.728 x |
| Free Cash Flow 1 | 72.5 | 165 | 687 | -280 | -339 | -1,133 |
| ROE (net income / shareholders' equity) | 9.54% | 0.69% | 33.6% | 30% | 2.15% | -166% |
| ROA (Net income/ Total Assets) | 1.99% | -2.03% | 7.68% | 6.68% | 2.62% | -0.67% |
| Assets 1 | 22,920 | -1,679 | 14,825 | 19,828 | 3,201 | 842,649 |
| Book Value Per Share 2 | 153.0 | 126.0 | 157.0 | 208.0 | 243.0 | 26.00 |
| Cash Flow per Share 2 | 113.0 | 32.80 | 114.0 | 75.10 | 70.00 | 57.20 |
| Capex 1 | 32 | 219 | 26 | 695 | 655 | 402 |
| Capex / Sales | 0.4% | 3.44% | 0.31% | 6.05% | 5.36% | 3.63% |
| Announcement Date | 3/29/19 | 3/27/20 | 3/29/21 | 3/31/22 | 3/31/23 | 3/29/24 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -27.50% | 37.91M | |
| -12.70% | 193B | |
| +2.65% | 169B | |
| +2.20% | 154B | |
| +5.96% | 101B | |
| +11.22% | 80.9B | |
| +25.63% | 77.58B | |
| -7.65% | 70.81B | |
| -21.03% | 52.48B | |
| -10.22% | 42.67B |
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