ValueCommerce（2491）株式概要バリューコマース株式会社は日本でマーケティングソリューションを提供しています。 詳細2491 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性6/6配当金3/6報酬当社が推定した公正価値より47.2%で取引されている リスク分析過去5年間で収益は年間9.9%減少しました。 財務結果に影響を与える大きな一時的項目 利益率(2%)は昨年より低い(9.4%) 3.32%の配当は利益で十分にカバーされていない +1 さらなるリスクすべてのリスクチェックを見る2491 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥482.0045.9% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture036b2016201920222025202620282031Revenue JP¥21.0bEarnings JP¥424.1mAdvancedSet Fair ValueView all narrativesValueCommerce Co., Ltd. 競合他社AdwaysSymbol: TSE:2489Market cap: JP¥10.7bAViCSymbol: TSE:9554Market cap: JP¥11.0bZenkenSymbol: TSE:7371Market cap: JP¥8.5bGMO TECH HoldingsSymbol: TSE:415AMarket cap: JP¥7.9b価格と性能株価の高値、安値、推移の概要ValueCommerce過去の株価現在の株価JP¥482.0052週高値JP¥858.0052週安値JP¥408.00ベータ0.0901ヶ月の変化3.88%3ヶ月変化9.80%1年変化-36.91%3年間の変化-65.35%5年間の変化-84.55%IPOからの変化-54.53%最新ニュースDeclared Dividend • Apr 11Final dividend of JP¥8.00 announcedShareholders will receive a dividend of JP¥8.00. Ex-date: 29th June 2026 Payment date: 31st August 2026 Dividend yield will be 6.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not covered by earnings (218% earnings payout ratio). However, it is well covered by cash flows (22% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 142% to bring the payout ratio under control. However, EPS has declined by 30% over the last 5 years so the company would need to reverse this trend.お知らせ • Mar 13ValueCommerce Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026ValueCommerce Co., Ltd. announced that they will report Q1, 2026 results at 9:00 AM, Tokyo Standard Time on Apr 28, 2026Valuation Update With 7 Day Price Move • Feb 06Investor sentiment deteriorates as stock falls 28%After last week's 28% share price decline to JP¥464, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 16x in the Media industry in Japan. Total loss to shareholders of 70% over the past three years.分析記事 • Feb 03ValueCommerce Co., Ltd. (TSE:2491) Shares May Have Slumped 28% But Getting In Cheap Is Still UnlikelyThe ValueCommerce Co., Ltd. ( TSE:2491 ) share price has fared very poorly over the last month, falling by a...New Risk • Feb 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.9% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (218% payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (JP¥10.3b market cap, or US$66.3m).Reported Earnings • Jan 31Full year 2025 earnings released: EPS: JP¥22.47 (vs JP¥113 in FY 2024)Full year 2025 results: EPS: JP¥22.47 (down from JP¥113 in FY 2024). Revenue: JP¥24.2b (down 21% from FY 2024). Net income: JP¥487.0m (down 83% from FY 2024). Profit margin: 2.0% (down from 9.4% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.最新情報をもっと見るRecent updatesDeclared Dividend • Apr 11Final dividend of JP¥8.00 announcedShareholders will receive a dividend of JP¥8.00. Ex-date: 29th June 2026 Payment date: 31st August 2026 Dividend yield will be 6.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not covered by earnings (218% earnings payout ratio). However, it is well covered by cash flows (22% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 142% to bring the payout ratio under control. However, EPS has declined by 30% over the last 5 years so the company would need to reverse this trend.お知らせ • Mar 13ValueCommerce Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026ValueCommerce Co., Ltd. announced that they will report Q1, 2026 results at 9:00 AM, Tokyo Standard Time on Apr 28, 2026Valuation Update With 7 Day Price Move • Feb 06Investor sentiment deteriorates as stock falls 28%After last week's 28% share price decline to JP¥464, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 16x in the Media industry in Japan. Total loss to shareholders of 70% over the past three years.分析記事 • Feb 03ValueCommerce Co., Ltd. (TSE:2491) Shares May Have Slumped 28% But Getting In Cheap Is Still UnlikelyThe ValueCommerce Co., Ltd. ( TSE:2491 ) share price has fared very poorly over the last month, falling by a...New Risk • Feb 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.9% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (218% payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (JP¥10.3b market cap, or US$66.3m).Reported Earnings • Jan 31Full year 2025 earnings released: EPS: JP¥22.47 (vs JP¥113 in FY 2024)Full year 2025 results: EPS: JP¥22.47 (down from JP¥113 in FY 2024). Revenue: JP¥24.2b (down 21% from FY 2024). Net income: JP¥487.0m (down 83% from FY 2024). Profit margin: 2.0% (down from 9.4% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.お知らせ • Jan 30ValueCommerce Co., Ltd., Annual General Meeting, Mar 25, 2026ValueCommerce Co., Ltd., Annual General Meeting, Mar 25, 2026.Upcoming Dividend • Dec 22Upcoming dividend of JP¥24.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 06 March 2026. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 7.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).お知らせ • Dec 03ValueCommerce Co., Ltd. to Report Fiscal Year 2025 Results on Jan 30, 2026ValueCommerce Co., Ltd. announced that they will report fiscal year 2025 results on Jan 30, 2026分析記事 • Nov 05We Think That There Are Some Issues For ValueCommerce (TSE:2491) Beyond Its Promising EarningsThe stock price didn't jump after ValueCommerce Co., Ltd. ( TSE:2491 ) posted decent earnings last week. We think that...Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: JP¥18.87 (vs JP¥28.92 in 3Q 2024)Third quarter 2025 results: EPS: JP¥18.87 (down from JP¥28.92 in 3Q 2024). Revenue: JP¥4.85b (down 34% from 3Q 2024). Net income: JP¥409.0m (down 35% from 3Q 2024). Profit margin: 8.4% (down from 8.5% in 3Q 2024). Revenue is expected to decline by 30% p.a. on average during the next 3 years, while revenues in the Media industry in Japan are expected to grow by 5.7%. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings.Declared Dividend • Aug 30First half dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 29th December 2025 Payment date: 6th March 2026 Dividend yield will be 6.1%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 100% over the next 3 years. Since a fall of 58% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.Reported Earnings • Jul 30Second quarter 2025 earnings released: EPS: JP¥38.35 (vs JP¥23.68 in 2Q 2024)Second quarter 2025 results: EPS: JP¥38.35 (up from JP¥23.68 in 2Q 2024). Revenue: JP¥7.78b (up 6.5% from 2Q 2024). Net income: JP¥831.0m (up 39% from 2Q 2024). Profit margin: 11% (up from 8.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 31% p.a. on average during the next 3 years, while revenues in the Media industry in Japan are expected to grow by 6.4%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • Jun 20Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 01 September 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.1%).分析記事 • May 12ValueCommerce (TSE:2491) Has Affirmed Its Dividend Of ¥25.00The board of ValueCommerce Co., Ltd. ( TSE:2491 ) has announced that it will pay a dividend on the 1st of September...分析記事 • May 07ValueCommerce's (TSE:2491) Problems Go Beyond Weak ProfitInvestors were disappointed by ValueCommerce Co., Ltd.'s ( TSE:2491 ) latest earnings release. We did some further...Reported Earnings • May 01First quarter 2025 earnings released: EPS: JP¥48.61 (vs JP¥28.23 in 1Q 2024)First quarter 2025 results: EPS: JP¥48.61 (up from JP¥28.23 in 1Q 2024). Revenue: JP¥8.18b (up 6.9% from 1Q 2024). Net income: JP¥1.05b (up 15% from 1Q 2024). Profit margin: 13% (up from 12% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 29% p.a. on average during the next 3 years, while revenues in the Media industry in Japan are expected to grow by 11%. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings.Declared Dividend • Apr 11Final dividend of JP¥25.00 announcedShareholders will receive a dividend of JP¥25.00. Ex-date: 27th June 2025 Payment date: 1st September 2025 Dividend yield will be 7.3%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 97% over the next 3 years. Since a fall of 44% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.Reported Earnings • Mar 28Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: JP¥113. Revenue: JP¥30.4b (up 3.4% from FY 2023). Net income: JP¥2.86b (down 16% from FY 2023). Profit margin: 9.4% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is expected to decline by 27% p.a. on average during the next 3 years, while revenues in the Media industry in Japan are expected to grow by 4.2%.お知らせ • Mar 14+ 1 more updateValueCommerce Co., Ltd. to Report Q2, 2025 Results on Jul 28, 2025ValueCommerce Co., Ltd. announced that they will report Q2, 2025 results on Jul 28, 2025お知らせ • Mar 13ValueCommerce Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025ValueCommerce Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025分析記事 • Mar 07ValueCommerce Co., Ltd. (TSE:2491) Analysts Just Slashed This Year's Revenue Estimates By 11%Market forces rained on the parade of ValueCommerce Co., Ltd. ( TSE:2491 ) shareholders today, when the analysts...New Risk • Mar 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 14% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Price Target Changed • Mar 07Price target decreased by 19% to JP¥1,100Down from JP¥1,350, the current price target is an average from 2 analysts. New target price is 34% above last closing price of JP¥823. Stock is down 22% over the past year. The company is forecast to post earnings per share of JP¥105 for next year compared to JP¥113 last year.Valuation Update With 7 Day Price Move • Feb 07Investor sentiment deteriorates as stock falls 39%After last week's 39% share price decline to JP¥740, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 17x in the Media industry in Japan. Total loss to shareholders of 78% over the past three years.分析記事 • Feb 04Why Investors Shouldn't Be Surprised By ValueCommerce Co., Ltd.'s (TSE:2491) 35% Share Price PlungeThe ValueCommerce Co., Ltd. ( TSE:2491 ) share price has fared very poorly over the last month, falling by a...New Risk • Feb 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Feb 01Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: JP¥113. Revenue: JP¥30.4b (up 3.4% from FY 2023). Net income: JP¥2.86b (down 16% from FY 2023). Profit margin: 9.4% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Media industry in Japan.お知らせ • Jan 31+ 1 more updateValueCommerce Co., Ltd., Annual General Meeting, Mar 24, 2025ValueCommerce Co., Ltd., Annual General Meeting, Mar 24, 2025.Upcoming Dividend • Dec 20Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 05 March 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.3%).お知らせ • Dec 03ValueCommerce Co., Ltd. to Report Fiscal Year 2024 Results on Jan 31, 2025ValueCommerce Co., Ltd. announced that they will report fiscal year 2024 results on Jan 31, 2025分析記事 • Nov 04Investors Can Find Comfort In ValueCommerce's (TSE:2491) Earnings QualityThe market for ValueCommerce Co., Ltd.'s ( TSE:2491 ) shares didn't move much after it posted weak earnings recently...Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: JP¥28.92 (vs JP¥25.61 in 3Q 2023)Third quarter 2024 results: EPS: JP¥28.92. Revenue: JP¥7.31b (up 5.0% from 3Q 2023). Net income: JP¥625.0m (down 25% from 3Q 2023). Profit margin: 8.5% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥988, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Media industry in Japan. Total loss to shareholders of 72% over the past three years.Reported Earnings • Jul 28Second quarter 2024 earnings released: EPS: JP¥23.68 (vs JP¥25.64 in 2Q 2023)Second quarter 2024 results: EPS: JP¥23.68 (down from JP¥25.64 in 2Q 2023). Revenue: JP¥7.30b (up 2.8% from 2Q 2023). Net income: JP¥599.0m (down 28% from 2Q 2023). Profit margin: 8.2% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings.お知らせ • Jul 26ValueCommerce Co., Ltd. Resolves to Pay Interim Dividend, Payable on August 30, 2024ValueCommerce Co., Ltd. announced that, at the meeting of its Board of Directors held on July 26, 2024, it has resolved to pay interim dividend of JPY 25.00 per share to the shareholders whose record date was June 30, 2024 against JPY 25.00 per share a year ago. Effective date: August 30, 2024.分析記事 • May 25ValueCommerce's (TSE:2491) Dividend Will Be Reduced To ¥22.00ValueCommerce Co., Ltd.'s ( TSE:2491 ) dividend is being reduced from last year's payment covering the same period to...お知らせ • May 25ValueCommerce Co., Ltd. Provides Dividend Guidance for the End of the Second Quarter and Year End of the Fiscal Year 2024ValueCommerce Co., Ltd. provided dividend guidance for the end of the second quarter and year end of the fiscal year 2024. The company revised dividend guidance of interim dividend forecast from JPY 22.00 to JPY 25.00 per share.For the year-end dividend, the company now expects dividend of JPY 29.00 compared to previous guidance of to JPY 20.00 per share.分析記事 • May 09ValueCommerce's (TSE:2491) Dividend Will Be Reduced To ¥22.00ValueCommerce Co., Ltd. ( TSE:2491 ) is reducing its dividend from last year's comparable payment to ¥22.00 on the 2nd...Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: JP¥28.23 (vs JP¥31.57 in 1Q 2023)First quarter 2024 results: EPS: JP¥28.23 (down from JP¥31.57 in 1Q 2023). Revenue: JP¥7.65b (flat on 1Q 2023). Net income: JP¥913.0m (down 11% from 1Q 2023). Profit margin: 12% (down from 13% in 1Q 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.分析記事 • Apr 25ValueCommerce's (TSE:2491) Shareholders Will Receive A Smaller Dividend Than Last YearValueCommerce Co., Ltd. ( TSE:2491 ) has announced that on 2nd of September, it will be paying a dividend of¥22.00...分析記事 • Apr 11ValueCommerce (TSE:2491) Is Paying Out Less In Dividends Than Last YearValueCommerce Co., Ltd.'s ( TSE:2491 ) dividend is being reduced from last year's payment covering the same period to...Declared Dividend • Apr 11Final dividend of JP¥22.00 announcedShareholders will receive a dividend of JP¥22.00. Ex-date: 27th June 2024 Payment date: 2nd September 2024 Dividend yield will be 4.8%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Apr 01ValueCommerce's (TSE:2491) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe subdued market reaction suggests that ValueCommerce Co., Ltd.'s ( TSE:2491 ) recent earnings didn't contain any...Buy Or Sell Opportunity • Apr 01Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 26% to JP¥1,085. The fair value is estimated to be JP¥1,359, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period.Reported Earnings • Mar 28Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: JP¥105 (down from JP¥180 in FY 2022). Revenue: JP¥29.4b (down 18% from FY 2022). Net income: JP¥3.40b (down 41% from FY 2022). Profit margin: 12% (down from 16% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Mar 13Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to JP¥1,066. The fair value is estimated to be JP¥1,368, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period.お知らせ • Mar 08+ 2 more updatesValueCommerce Co., Ltd. to Report Q3, 2024 Results on Oct 28, 2024ValueCommerce Co., Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024Price Target Changed • Mar 08Price target decreased by 12% to JP¥1,500Down from JP¥1,700, the current price target is an average from 3 analysts. New target price is 42% above last closing price of JP¥1,059. Stock is down 37% over the past year. The company is forecast to post earnings per share of JP¥101 for next year compared to JP¥105 last year.分析記事 • Feb 26ValueCommerce Co., Ltd. (TSE:2491) Stock's 27% Dive Might Signal An Opportunity But It Requires Some ScrutinyValueCommerce Co., Ltd. ( TSE:2491 ) shares have had a horrible month, losing 27% after a relatively good period...お知らせ • Feb 17ValueCommerce Co., Ltd. Announces the Resignation of Takao Nakamura as Outside Director, Audit and Supervisory Committee MemberValueCommerce Co., Ltd. announced the resignation of Takao Nakamura as Outside Director, Audit and Supervisory Committee Member.Reported Earnings • Feb 01Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: JP¥105 (down from JP¥180 in FY 2022). Revenue: JP¥29.4b (down 18% from FY 2022). Net income: JP¥3.40b (down 41% from FY 2022). Profit margin: 12% (down from 16% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.お知らせ • Feb 01+ 1 more updateValueCommerce Co., Ltd. Provides Consolidated and Non-Consolidated Earnings Guidance for the Six Months Ending June 30, 2024 and Full Year Ending December 31, 2024ValueCommerce Co., Ltd. provided consolidated and non-consolidated earnings guidance for the six months ending June 30, 2024 and full year ending December 31, 2024. For the six months, on consolidated basis, the company expects net sales of JPY 14,200 million, operating income of JPY 2,100 million, net income attributable to owners of parent of JPY 1,400 million and basic earnings per share of JPY 43.29.For the full year, on consolidated basis, the company expects net sales of JPY 28,300 million, operating income of JPY 4,000 million, net income attributable to owners of parent of JPY 2,700 million and basic earnings per share of JPY 83.49.For the six months, on non-consolidated basis, the company expects net sales of JPY 13,600 million, operating income of JPY 2,200 million, net income of JPY 1,500 million and basic earnings per share of JPY 46.39.For the full year, on non-consolidated basis, the company expects net sales of JPY 27,100 million, operating income of JPY 4,000 million, net income of JPY 2,700 million and basic earnings per share of JPY 83.49.New Risk • Jan 31New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change).Valuation Update With 7 Day Price Move • Jan 31Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to JP¥1,267, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Media industry in Japan. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,551 per share.お知らせ • Jan 30ValueCommerce Co., Ltd., Annual General Meeting, Mar 22, 2024ValueCommerce Co., Ltd., Annual General Meeting, Mar 22, 2024.Upcoming Dividend • Dec 21Upcoming dividend of JP¥25.00 per share at 3.5% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 09 March 2024. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.7%).お知らせ • Dec 05ValueCommerce Co., Ltd. to Report Fiscal Year 2023 Results on Jan 30, 2024ValueCommerce Co., Ltd. announced that they will report fiscal year 2023 results on Jan 30, 2024Reported Earnings • Oct 29Third quarter 2023 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2023 results: EPS: JP¥25.61 (down from JP¥42.96 in 3Q 2022). Revenue: JP¥6.96b (down 18% from 3Q 2022). Net income: JP¥828.0m (down 40% from 3Q 2022). Profit margin: 12% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.お知らせ • Oct 29ValueCommerce Co., Ltd. Provides Dividend Guidance for the Fourth Quarter of Fiscal Year 2023ValueCommerce Co., Ltd. expected to pay dividend of JPY 25.00 per share for the fourth quarter of fiscal year 2023 compared to JPY 29 per share paid a year ago.Major Estimate Revision • Sep 06Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥32.3b to JP¥29.7b. EPS estimate also fell from JP¥128 per share to JP¥109 per share. Net income forecast to shrink 20% next year vs 16% growth forecast for Media industry in Japan . Consensus price target of JP¥1,467 unchanged from last update. Share price was steady at JP¥1,288 over the past week.New Risk • Sep 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Jul 30+ 1 more updateValueCommerce Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2023ValueCommerce Co., Ltd. provided consolidated earnings guidance for the year ending December 31, 2023. For the year, the company expects net sales of JPY 29,100 million, operating income of JPY 4,700 million and profit attributable to owners of parent of JPY 3,200 million or JPY 98.96 per basic share.Reported Earnings • Jul 29Second quarter 2023 earnings released: EPS: JP¥25.64 (vs JP¥45.65 in 2Q 2022)Second quarter 2023 results: EPS: JP¥25.64 (down from JP¥45.65 in 2Q 2022). Revenue: JP¥7.10b (down 19% from 2Q 2022). Net income: JP¥829.0m (down 44% from 2Q 2022). Profit margin: 12% (down from 17% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jun 22Upcoming dividend of JP¥25.00 per share at 3.5% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.4%).Price Target Changed • Jun 13Price target decreased by 13% to JP¥1,833Down from JP¥2,100, the current price target is an average from 3 analysts. New target price is 26% above last closing price of JP¥1,459. Stock is down 52% over the past year. The company is forecast to post earnings per share of JP¥128 for next year compared to JP¥180 last year.Buying Opportunity • Jun 08Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be JP¥1,809, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings is also forecast to grow by 1.0% per annum over the same time period.Valuation Update With 7 Day Price Move • Apr 28Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to JP¥1,312, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Media industry in Japan. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,275 per share.Reported Earnings • Apr 01Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: JP¥180 (up from JP¥101 in FY 2021). Revenue: JP¥35.7b (up 6.4% from FY 2021). Net income: JP¥5.81b (up 78% from FY 2021). Profit margin: 16% (up from 9.7% in FY 2021). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Feb 23Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥40.2b to JP¥36.7b. EPS estimate also fell from JP¥190 per share to JP¥154 per share. Net income forecast to shrink 14% next year vs 16% growth forecast for Media industry in Japan . Consensus price target down from JP¥2,567 to JP¥2,233. Share price fell 8.9% to JP¥1,627 over the past week.お知らせ • Jan 31+ 1 more updateValueCommerce Co., Ltd. Provides Dividend Forecast for the Second and Fourth Quarter of Fiscal Year 2023ValueCommerce Co., Ltd. provided dividend forecast of JPY 36.00 for the second quarter and JPY 37.00 for the fourth quarter of Fiscal year 2023.Reported Earnings • Jan 31Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: JP¥180 (up from JP¥101 in FY 2021). Revenue: JP¥35.7b (up 6.4% from FY 2021). Net income: JP¥5.81b (up 78% from FY 2021). Profit margin: 16% (up from 9.7% in FY 2021). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.お知らせ • Jan 30+ 1 more updateValueCommerce Co., Ltd., Annual General Meeting, Mar 27, 2023ValueCommerce Co., Ltd., Annual General Meeting, Mar 27, 2023.Upcoming Dividend • Dec 22Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 07 March 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.7%).Price Target Changed • Dec 09Price target decreased to JP¥3,158Down from JP¥3,583, the current price target is an average from 4 analysts. New target price is 59% above last closing price of JP¥1,988. Stock is down 58% over the past year. The company is forecast to post earnings per share of JP¥188 for next year compared to JP¥101 last year.お知らせ • Dec 06ValueCommerce Co., Ltd. to Report Fiscal Year 2022 Results on Jan 30, 2023ValueCommerce Co., Ltd. announced that they will report fiscal year 2022 results on Jan 30, 2023Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Haruka Ikeda was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: JP¥42.96 (vs JP¥43.29 in 3Q 2021)Third quarter 2022 results: EPS: JP¥42.96 (down from JP¥43.29 in 3Q 2021). Revenue: JP¥8.44b (up 3.6% from 3Q 2021). Net income: JP¥1.39b (flat on 3Q 2021). Profit margin: 17% (in line with 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 29+ 1 more updateValueCommerce Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2022ValueCommerce Co., Ltd. provided earnings guidance for the fiscal year ending December 31, 2022. For the year, the company expects net sales to be JPY 37,000 million, Operating income to be JPY 8,700 million, Net income attributable to owners of parent to be JPY 6,000 million and Basic earnings per share to be JPY 185.59.Price Target Changed • Sep 07Price target decreased to JP¥3,670Down from JP¥4,220, the current price target is an average from 4 analysts. New target price is 53% above last closing price of JP¥2,398. Stock is down 50% over the past year. The company is forecast to post earnings per share of JP¥192 for next year compared to JP¥101 last year.Reported Earnings • Jul 28Second quarter 2022 earnings released: EPS: JP¥48.40 (vs JP¥42.34 in 2Q 2021)Second quarter 2022 results: EPS: JP¥48.40 (up from JP¥42.34 in 2Q 2021). Revenue: JP¥9.14b (up 14% from 2Q 2021). Net income: JP¥1.56b (up 14% from 2Q 2021). Profit margin: 17% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 4.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year.お知らせ • Jul 28+ 1 more updateValueCommerce Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2022ValueCommerce Co., Ltd. provided earnings guidance for the fiscal year ending December 31, 2022. For the year, the company expects Net sales to be JPY 37,000 million, Operating income to be JPY 8,700 million, Net income attributable to owners of parent to be JPY 6,000 million and Basic earnings per share to be JPY 185.59.Upcoming Dividend • Jun 22Upcoming dividend of JP¥27.00 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.4%).Reported Earnings • Apr 30First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: JP¥51.15 (up from JP¥27.12 loss in 1Q 2021). Revenue: JP¥9.56b (up 18% from 1Q 2021). Net income: JP¥1.65b (up JP¥2.53b from 1Q 2021). Profit margin: 17% (up from net loss in 1Q 2021). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 9.1%. Earnings per share (EPS) missed analyst estimates by 8.9%. Over the next year, revenue is forecast to grow 9.0%, compared to a 3.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year.Buying Opportunity • Apr 27Now 20% undervaluedOver the last 90 days, the stock is up 9.7%. The fair value is estimated to be JP¥4,480, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings is also forecast to grow by 15% per annum over the same time period.株主還元2491JP MediaJP 市場7D1.7%-0.06%-3.1%1Y-36.9%5.9%38.2%株主還元を見る業界別リターン: 2491過去 1 年間で5.9 % の収益を上げたJP Media業界を下回りました。リターン対市場: 2491は、過去 1 年間で38.2 % のリターンを上げたJP市場を下回りました。価格変動Is 2491's price volatile compared to industry and market?2491 volatility2491 Average Weekly Movement5.8%Media Industry Average Movement5.0%Market Average Movement5.0%10% most volatile stocks in JP Market9.6%10% least volatile stocks in JP Market2.5%安定した株価: 2491 、 JP市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 2491の 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1996381Jin Kagawawww.valuecommerce.co.jpバリューコマース株式会社は日本でマーケティングソリューションを提供している。マーケティングソリューション事業、ECソリューション事業、トラベルテック事業：マーケティングソリューション事業、ECソリューション事業、トラベルテック事業。バリューコマースは、成果報酬型広告を提供している。オンラインモール店舗向けのクリック型広告やCRMツール、ホテルや旅館などの宿泊施設向けにホテル予約システム「DYNA IBE」を提供している。また、ホテル管理システム「DYNA PMS」、ソーシャルコマースプラットフォーム「VLINK」、インフルエンサーマーケティングソリューション「monicam」「Cast book」、ECサイト運営・支援ソリューション「B-Space」、定額制インフルエンサーマッチングサービス「BUZMA」を提供している。同社の前身はトランスパシフィック株式会社であり、1999年11月にバリューコマース株式会社に商号変更した。同社は1996年に法人化され、千代田区に本社を置いている。バリューコマース株式会社はZホールディングス株式会社の子会社として運営されている。もっと見るValueCommerce Co., Ltd. 基礎のまとめValueCommerce の収益と売上を時価総額と比較するとどうか。2491 基礎統計学時価総額JP¥10.38b収益（TTM）JP¥487.00m売上高(TTM)JP¥24.17b21.5xPER（株価収益率0.4xP/Sレシオ2491 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計2491 損益計算書（TTM）収益JP¥24.17b売上原価JP¥16.82b売上総利益JP¥7.35bその他の費用JP¥6.86b収益JP¥487.00m直近の収益報告Dec 31, 2025次回決算日Jul 29, 2026一株当たり利益（EPS）22.47グロス・マージン30.41%純利益率2.02%有利子負債／自己資本比率0%2491 の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.3%現在の配当利回り218%配当性向2491 配当は確実ですか？2491 配当履歴とベンチマークを見る2491 、いつまでに購入すれば配当金を受け取れますか？ValueCommerce 配当日配当落ち日Jun 29 2026配当支払日Aug 31 2026配当落ちまでの日数39 days配当支払日までの日数102 days2491 配当は確実ですか？2491 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 08:17終値2026/05/21 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋ValueCommerce Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Taro IshiharaDaiwa Securities Co. Ltd.Yusuke OkumuraOkasan Securities Co. Ltd.Yukari HousuiTokai Tokyo Intelligence Laboratory Co., Ltd.
Declared Dividend • Apr 11Final dividend of JP¥8.00 announcedShareholders will receive a dividend of JP¥8.00. Ex-date: 29th June 2026 Payment date: 31st August 2026 Dividend yield will be 6.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not covered by earnings (218% earnings payout ratio). However, it is well covered by cash flows (22% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 142% to bring the payout ratio under control. However, EPS has declined by 30% over the last 5 years so the company would need to reverse this trend.
お知らせ • Mar 13ValueCommerce Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026ValueCommerce Co., Ltd. announced that they will report Q1, 2026 results at 9:00 AM, Tokyo Standard Time on Apr 28, 2026
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment deteriorates as stock falls 28%After last week's 28% share price decline to JP¥464, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 16x in the Media industry in Japan. Total loss to shareholders of 70% over the past three years.
分析記事 • Feb 03ValueCommerce Co., Ltd. (TSE:2491) Shares May Have Slumped 28% But Getting In Cheap Is Still UnlikelyThe ValueCommerce Co., Ltd. ( TSE:2491 ) share price has fared very poorly over the last month, falling by a...
New Risk • Feb 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.9% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (218% payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (JP¥10.3b market cap, or US$66.3m).
Reported Earnings • Jan 31Full year 2025 earnings released: EPS: JP¥22.47 (vs JP¥113 in FY 2024)Full year 2025 results: EPS: JP¥22.47 (down from JP¥113 in FY 2024). Revenue: JP¥24.2b (down 21% from FY 2024). Net income: JP¥487.0m (down 83% from FY 2024). Profit margin: 2.0% (down from 9.4% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
Declared Dividend • Apr 11Final dividend of JP¥8.00 announcedShareholders will receive a dividend of JP¥8.00. Ex-date: 29th June 2026 Payment date: 31st August 2026 Dividend yield will be 6.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not covered by earnings (218% earnings payout ratio). However, it is well covered by cash flows (22% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 142% to bring the payout ratio under control. However, EPS has declined by 30% over the last 5 years so the company would need to reverse this trend.
お知らせ • Mar 13ValueCommerce Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026ValueCommerce Co., Ltd. announced that they will report Q1, 2026 results at 9:00 AM, Tokyo Standard Time on Apr 28, 2026
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment deteriorates as stock falls 28%After last week's 28% share price decline to JP¥464, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 16x in the Media industry in Japan. Total loss to shareholders of 70% over the past three years.
分析記事 • Feb 03ValueCommerce Co., Ltd. (TSE:2491) Shares May Have Slumped 28% But Getting In Cheap Is Still UnlikelyThe ValueCommerce Co., Ltd. ( TSE:2491 ) share price has fared very poorly over the last month, falling by a...
New Risk • Feb 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.9% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (218% payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (JP¥10.3b market cap, or US$66.3m).
Reported Earnings • Jan 31Full year 2025 earnings released: EPS: JP¥22.47 (vs JP¥113 in FY 2024)Full year 2025 results: EPS: JP¥22.47 (down from JP¥113 in FY 2024). Revenue: JP¥24.2b (down 21% from FY 2024). Net income: JP¥487.0m (down 83% from FY 2024). Profit margin: 2.0% (down from 9.4% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
お知らせ • Jan 30ValueCommerce Co., Ltd., Annual General Meeting, Mar 25, 2026ValueCommerce Co., Ltd., Annual General Meeting, Mar 25, 2026.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥24.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 06 March 2026. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 7.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
お知らせ • Dec 03ValueCommerce Co., Ltd. to Report Fiscal Year 2025 Results on Jan 30, 2026ValueCommerce Co., Ltd. announced that they will report fiscal year 2025 results on Jan 30, 2026
分析記事 • Nov 05We Think That There Are Some Issues For ValueCommerce (TSE:2491) Beyond Its Promising EarningsThe stock price didn't jump after ValueCommerce Co., Ltd. ( TSE:2491 ) posted decent earnings last week. We think that...
Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: JP¥18.87 (vs JP¥28.92 in 3Q 2024)Third quarter 2025 results: EPS: JP¥18.87 (down from JP¥28.92 in 3Q 2024). Revenue: JP¥4.85b (down 34% from 3Q 2024). Net income: JP¥409.0m (down 35% from 3Q 2024). Profit margin: 8.4% (down from 8.5% in 3Q 2024). Revenue is expected to decline by 30% p.a. on average during the next 3 years, while revenues in the Media industry in Japan are expected to grow by 5.7%. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings.
Declared Dividend • Aug 30First half dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 29th December 2025 Payment date: 6th March 2026 Dividend yield will be 6.1%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 100% over the next 3 years. Since a fall of 58% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
Reported Earnings • Jul 30Second quarter 2025 earnings released: EPS: JP¥38.35 (vs JP¥23.68 in 2Q 2024)Second quarter 2025 results: EPS: JP¥38.35 (up from JP¥23.68 in 2Q 2024). Revenue: JP¥7.78b (up 6.5% from 2Q 2024). Net income: JP¥831.0m (up 39% from 2Q 2024). Profit margin: 11% (up from 8.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 31% p.a. on average during the next 3 years, while revenues in the Media industry in Japan are expected to grow by 6.4%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • Jun 20Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 01 September 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.1%).
分析記事 • May 12ValueCommerce (TSE:2491) Has Affirmed Its Dividend Of ¥25.00The board of ValueCommerce Co., Ltd. ( TSE:2491 ) has announced that it will pay a dividend on the 1st of September...
分析記事 • May 07ValueCommerce's (TSE:2491) Problems Go Beyond Weak ProfitInvestors were disappointed by ValueCommerce Co., Ltd.'s ( TSE:2491 ) latest earnings release. We did some further...
Reported Earnings • May 01First quarter 2025 earnings released: EPS: JP¥48.61 (vs JP¥28.23 in 1Q 2024)First quarter 2025 results: EPS: JP¥48.61 (up from JP¥28.23 in 1Q 2024). Revenue: JP¥8.18b (up 6.9% from 1Q 2024). Net income: JP¥1.05b (up 15% from 1Q 2024). Profit margin: 13% (up from 12% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 29% p.a. on average during the next 3 years, while revenues in the Media industry in Japan are expected to grow by 11%. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings.
Declared Dividend • Apr 11Final dividend of JP¥25.00 announcedShareholders will receive a dividend of JP¥25.00. Ex-date: 27th June 2025 Payment date: 1st September 2025 Dividend yield will be 7.3%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 97% over the next 3 years. Since a fall of 44% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
Reported Earnings • Mar 28Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: JP¥113. Revenue: JP¥30.4b (up 3.4% from FY 2023). Net income: JP¥2.86b (down 16% from FY 2023). Profit margin: 9.4% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is expected to decline by 27% p.a. on average during the next 3 years, while revenues in the Media industry in Japan are expected to grow by 4.2%.
お知らせ • Mar 14+ 1 more updateValueCommerce Co., Ltd. to Report Q2, 2025 Results on Jul 28, 2025ValueCommerce Co., Ltd. announced that they will report Q2, 2025 results on Jul 28, 2025
お知らせ • Mar 13ValueCommerce Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025ValueCommerce Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025
分析記事 • Mar 07ValueCommerce Co., Ltd. (TSE:2491) Analysts Just Slashed This Year's Revenue Estimates By 11%Market forces rained on the parade of ValueCommerce Co., Ltd. ( TSE:2491 ) shareholders today, when the analysts...
New Risk • Mar 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 14% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Price Target Changed • Mar 07Price target decreased by 19% to JP¥1,100Down from JP¥1,350, the current price target is an average from 2 analysts. New target price is 34% above last closing price of JP¥823. Stock is down 22% over the past year. The company is forecast to post earnings per share of JP¥105 for next year compared to JP¥113 last year.
Valuation Update With 7 Day Price Move • Feb 07Investor sentiment deteriorates as stock falls 39%After last week's 39% share price decline to JP¥740, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 17x in the Media industry in Japan. Total loss to shareholders of 78% over the past three years.
分析記事 • Feb 04Why Investors Shouldn't Be Surprised By ValueCommerce Co., Ltd.'s (TSE:2491) 35% Share Price PlungeThe ValueCommerce Co., Ltd. ( TSE:2491 ) share price has fared very poorly over the last month, falling by a...
New Risk • Feb 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Feb 01Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: JP¥113. Revenue: JP¥30.4b (up 3.4% from FY 2023). Net income: JP¥2.86b (down 16% from FY 2023). Profit margin: 9.4% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Media industry in Japan.
お知らせ • Jan 31+ 1 more updateValueCommerce Co., Ltd., Annual General Meeting, Mar 24, 2025ValueCommerce Co., Ltd., Annual General Meeting, Mar 24, 2025.
Upcoming Dividend • Dec 20Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 05 March 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.3%).
お知らせ • Dec 03ValueCommerce Co., Ltd. to Report Fiscal Year 2024 Results on Jan 31, 2025ValueCommerce Co., Ltd. announced that they will report fiscal year 2024 results on Jan 31, 2025
分析記事 • Nov 04Investors Can Find Comfort In ValueCommerce's (TSE:2491) Earnings QualityThe market for ValueCommerce Co., Ltd.'s ( TSE:2491 ) shares didn't move much after it posted weak earnings recently...
Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: JP¥28.92 (vs JP¥25.61 in 3Q 2023)Third quarter 2024 results: EPS: JP¥28.92. Revenue: JP¥7.31b (up 5.0% from 3Q 2023). Net income: JP¥625.0m (down 25% from 3Q 2023). Profit margin: 8.5% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥988, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Media industry in Japan. Total loss to shareholders of 72% over the past three years.
Reported Earnings • Jul 28Second quarter 2024 earnings released: EPS: JP¥23.68 (vs JP¥25.64 in 2Q 2023)Second quarter 2024 results: EPS: JP¥23.68 (down from JP¥25.64 in 2Q 2023). Revenue: JP¥7.30b (up 2.8% from 2Q 2023). Net income: JP¥599.0m (down 28% from 2Q 2023). Profit margin: 8.2% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings.
お知らせ • Jul 26ValueCommerce Co., Ltd. Resolves to Pay Interim Dividend, Payable on August 30, 2024ValueCommerce Co., Ltd. announced that, at the meeting of its Board of Directors held on July 26, 2024, it has resolved to pay interim dividend of JPY 25.00 per share to the shareholders whose record date was June 30, 2024 against JPY 25.00 per share a year ago. Effective date: August 30, 2024.
分析記事 • May 25ValueCommerce's (TSE:2491) Dividend Will Be Reduced To ¥22.00ValueCommerce Co., Ltd.'s ( TSE:2491 ) dividend is being reduced from last year's payment covering the same period to...
お知らせ • May 25ValueCommerce Co., Ltd. Provides Dividend Guidance for the End of the Second Quarter and Year End of the Fiscal Year 2024ValueCommerce Co., Ltd. provided dividend guidance for the end of the second quarter and year end of the fiscal year 2024. The company revised dividend guidance of interim dividend forecast from JPY 22.00 to JPY 25.00 per share.For the year-end dividend, the company now expects dividend of JPY 29.00 compared to previous guidance of to JPY 20.00 per share.
分析記事 • May 09ValueCommerce's (TSE:2491) Dividend Will Be Reduced To ¥22.00ValueCommerce Co., Ltd. ( TSE:2491 ) is reducing its dividend from last year's comparable payment to ¥22.00 on the 2nd...
Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: JP¥28.23 (vs JP¥31.57 in 1Q 2023)First quarter 2024 results: EPS: JP¥28.23 (down from JP¥31.57 in 1Q 2023). Revenue: JP¥7.65b (flat on 1Q 2023). Net income: JP¥913.0m (down 11% from 1Q 2023). Profit margin: 12% (down from 13% in 1Q 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.
分析記事 • Apr 25ValueCommerce's (TSE:2491) Shareholders Will Receive A Smaller Dividend Than Last YearValueCommerce Co., Ltd. ( TSE:2491 ) has announced that on 2nd of September, it will be paying a dividend of¥22.00...
分析記事 • Apr 11ValueCommerce (TSE:2491) Is Paying Out Less In Dividends Than Last YearValueCommerce Co., Ltd.'s ( TSE:2491 ) dividend is being reduced from last year's payment covering the same period to...
Declared Dividend • Apr 11Final dividend of JP¥22.00 announcedShareholders will receive a dividend of JP¥22.00. Ex-date: 27th June 2024 Payment date: 2nd September 2024 Dividend yield will be 4.8%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Apr 01ValueCommerce's (TSE:2491) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe subdued market reaction suggests that ValueCommerce Co., Ltd.'s ( TSE:2491 ) recent earnings didn't contain any...
Buy Or Sell Opportunity • Apr 01Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 26% to JP¥1,085. The fair value is estimated to be JP¥1,359, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period.
Reported Earnings • Mar 28Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: JP¥105 (down from JP¥180 in FY 2022). Revenue: JP¥29.4b (down 18% from FY 2022). Net income: JP¥3.40b (down 41% from FY 2022). Profit margin: 12% (down from 16% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Mar 13Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to JP¥1,066. The fair value is estimated to be JP¥1,368, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period.
お知らせ • Mar 08+ 2 more updatesValueCommerce Co., Ltd. to Report Q3, 2024 Results on Oct 28, 2024ValueCommerce Co., Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024
Price Target Changed • Mar 08Price target decreased by 12% to JP¥1,500Down from JP¥1,700, the current price target is an average from 3 analysts. New target price is 42% above last closing price of JP¥1,059. Stock is down 37% over the past year. The company is forecast to post earnings per share of JP¥101 for next year compared to JP¥105 last year.
分析記事 • Feb 26ValueCommerce Co., Ltd. (TSE:2491) Stock's 27% Dive Might Signal An Opportunity But It Requires Some ScrutinyValueCommerce Co., Ltd. ( TSE:2491 ) shares have had a horrible month, losing 27% after a relatively good period...
お知らせ • Feb 17ValueCommerce Co., Ltd. Announces the Resignation of Takao Nakamura as Outside Director, Audit and Supervisory Committee MemberValueCommerce Co., Ltd. announced the resignation of Takao Nakamura as Outside Director, Audit and Supervisory Committee Member.
Reported Earnings • Feb 01Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: JP¥105 (down from JP¥180 in FY 2022). Revenue: JP¥29.4b (down 18% from FY 2022). Net income: JP¥3.40b (down 41% from FY 2022). Profit margin: 12% (down from 16% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.
お知らせ • Feb 01+ 1 more updateValueCommerce Co., Ltd. Provides Consolidated and Non-Consolidated Earnings Guidance for the Six Months Ending June 30, 2024 and Full Year Ending December 31, 2024ValueCommerce Co., Ltd. provided consolidated and non-consolidated earnings guidance for the six months ending June 30, 2024 and full year ending December 31, 2024. For the six months, on consolidated basis, the company expects net sales of JPY 14,200 million, operating income of JPY 2,100 million, net income attributable to owners of parent of JPY 1,400 million and basic earnings per share of JPY 43.29.For the full year, on consolidated basis, the company expects net sales of JPY 28,300 million, operating income of JPY 4,000 million, net income attributable to owners of parent of JPY 2,700 million and basic earnings per share of JPY 83.49.For the six months, on non-consolidated basis, the company expects net sales of JPY 13,600 million, operating income of JPY 2,200 million, net income of JPY 1,500 million and basic earnings per share of JPY 46.39.For the full year, on non-consolidated basis, the company expects net sales of JPY 27,100 million, operating income of JPY 4,000 million, net income of JPY 2,700 million and basic earnings per share of JPY 83.49.
New Risk • Jan 31New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change).
Valuation Update With 7 Day Price Move • Jan 31Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to JP¥1,267, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Media industry in Japan. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,551 per share.
お知らせ • Jan 30ValueCommerce Co., Ltd., Annual General Meeting, Mar 22, 2024ValueCommerce Co., Ltd., Annual General Meeting, Mar 22, 2024.
Upcoming Dividend • Dec 21Upcoming dividend of JP¥25.00 per share at 3.5% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 09 March 2024. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.7%).
お知らせ • Dec 05ValueCommerce Co., Ltd. to Report Fiscal Year 2023 Results on Jan 30, 2024ValueCommerce Co., Ltd. announced that they will report fiscal year 2023 results on Jan 30, 2024
Reported Earnings • Oct 29Third quarter 2023 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2023 results: EPS: JP¥25.61 (down from JP¥42.96 in 3Q 2022). Revenue: JP¥6.96b (down 18% from 3Q 2022). Net income: JP¥828.0m (down 40% from 3Q 2022). Profit margin: 12% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.
お知らせ • Oct 29ValueCommerce Co., Ltd. Provides Dividend Guidance for the Fourth Quarter of Fiscal Year 2023ValueCommerce Co., Ltd. expected to pay dividend of JPY 25.00 per share for the fourth quarter of fiscal year 2023 compared to JPY 29 per share paid a year ago.
Major Estimate Revision • Sep 06Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥32.3b to JP¥29.7b. EPS estimate also fell from JP¥128 per share to JP¥109 per share. Net income forecast to shrink 20% next year vs 16% growth forecast for Media industry in Japan . Consensus price target of JP¥1,467 unchanged from last update. Share price was steady at JP¥1,288 over the past week.
New Risk • Sep 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Jul 30+ 1 more updateValueCommerce Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2023ValueCommerce Co., Ltd. provided consolidated earnings guidance for the year ending December 31, 2023. For the year, the company expects net sales of JPY 29,100 million, operating income of JPY 4,700 million and profit attributable to owners of parent of JPY 3,200 million or JPY 98.96 per basic share.
Reported Earnings • Jul 29Second quarter 2023 earnings released: EPS: JP¥25.64 (vs JP¥45.65 in 2Q 2022)Second quarter 2023 results: EPS: JP¥25.64 (down from JP¥45.65 in 2Q 2022). Revenue: JP¥7.10b (down 19% from 2Q 2022). Net income: JP¥829.0m (down 44% from 2Q 2022). Profit margin: 12% (down from 17% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥25.00 per share at 3.5% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.4%).
Price Target Changed • Jun 13Price target decreased by 13% to JP¥1,833Down from JP¥2,100, the current price target is an average from 3 analysts. New target price is 26% above last closing price of JP¥1,459. Stock is down 52% over the past year. The company is forecast to post earnings per share of JP¥128 for next year compared to JP¥180 last year.
Buying Opportunity • Jun 08Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be JP¥1,809, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings is also forecast to grow by 1.0% per annum over the same time period.
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to JP¥1,312, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Media industry in Japan. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,275 per share.
Reported Earnings • Apr 01Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: JP¥180 (up from JP¥101 in FY 2021). Revenue: JP¥35.7b (up 6.4% from FY 2021). Net income: JP¥5.81b (up 78% from FY 2021). Profit margin: 16% (up from 9.7% in FY 2021). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Feb 23Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥40.2b to JP¥36.7b. EPS estimate also fell from JP¥190 per share to JP¥154 per share. Net income forecast to shrink 14% next year vs 16% growth forecast for Media industry in Japan . Consensus price target down from JP¥2,567 to JP¥2,233. Share price fell 8.9% to JP¥1,627 over the past week.
お知らせ • Jan 31+ 1 more updateValueCommerce Co., Ltd. Provides Dividend Forecast for the Second and Fourth Quarter of Fiscal Year 2023ValueCommerce Co., Ltd. provided dividend forecast of JPY 36.00 for the second quarter and JPY 37.00 for the fourth quarter of Fiscal year 2023.
Reported Earnings • Jan 31Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: JP¥180 (up from JP¥101 in FY 2021). Revenue: JP¥35.7b (up 6.4% from FY 2021). Net income: JP¥5.81b (up 78% from FY 2021). Profit margin: 16% (up from 9.7% in FY 2021). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
お知らせ • Jan 30+ 1 more updateValueCommerce Co., Ltd., Annual General Meeting, Mar 27, 2023ValueCommerce Co., Ltd., Annual General Meeting, Mar 27, 2023.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 07 March 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.7%).
Price Target Changed • Dec 09Price target decreased to JP¥3,158Down from JP¥3,583, the current price target is an average from 4 analysts. New target price is 59% above last closing price of JP¥1,988. Stock is down 58% over the past year. The company is forecast to post earnings per share of JP¥188 for next year compared to JP¥101 last year.
お知らせ • Dec 06ValueCommerce Co., Ltd. to Report Fiscal Year 2022 Results on Jan 30, 2023ValueCommerce Co., Ltd. announced that they will report fiscal year 2022 results on Jan 30, 2023
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Haruka Ikeda was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: JP¥42.96 (vs JP¥43.29 in 3Q 2021)Third quarter 2022 results: EPS: JP¥42.96 (down from JP¥43.29 in 3Q 2021). Revenue: JP¥8.44b (up 3.6% from 3Q 2021). Net income: JP¥1.39b (flat on 3Q 2021). Profit margin: 17% (in line with 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 29+ 1 more updateValueCommerce Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2022ValueCommerce Co., Ltd. provided earnings guidance for the fiscal year ending December 31, 2022. For the year, the company expects net sales to be JPY 37,000 million, Operating income to be JPY 8,700 million, Net income attributable to owners of parent to be JPY 6,000 million and Basic earnings per share to be JPY 185.59.
Price Target Changed • Sep 07Price target decreased to JP¥3,670Down from JP¥4,220, the current price target is an average from 4 analysts. New target price is 53% above last closing price of JP¥2,398. Stock is down 50% over the past year. The company is forecast to post earnings per share of JP¥192 for next year compared to JP¥101 last year.
Reported Earnings • Jul 28Second quarter 2022 earnings released: EPS: JP¥48.40 (vs JP¥42.34 in 2Q 2021)Second quarter 2022 results: EPS: JP¥48.40 (up from JP¥42.34 in 2Q 2021). Revenue: JP¥9.14b (up 14% from 2Q 2021). Net income: JP¥1.56b (up 14% from 2Q 2021). Profit margin: 17% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 4.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year.
お知らせ • Jul 28+ 1 more updateValueCommerce Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2022ValueCommerce Co., Ltd. provided earnings guidance for the fiscal year ending December 31, 2022. For the year, the company expects Net sales to be JPY 37,000 million, Operating income to be JPY 8,700 million, Net income attributable to owners of parent to be JPY 6,000 million and Basic earnings per share to be JPY 185.59.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥27.00 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.4%).
Reported Earnings • Apr 30First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: JP¥51.15 (up from JP¥27.12 loss in 1Q 2021). Revenue: JP¥9.56b (up 18% from 1Q 2021). Net income: JP¥1.65b (up JP¥2.53b from 1Q 2021). Profit margin: 17% (up from net loss in 1Q 2021). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 9.1%. Earnings per share (EPS) missed analyst estimates by 8.9%. Over the next year, revenue is forecast to grow 9.0%, compared to a 3.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year.
Buying Opportunity • Apr 27Now 20% undervaluedOver the last 90 days, the stock is up 9.7%. The fair value is estimated to be JP¥4,480, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings is also forecast to grow by 15% per annum over the same time period.
