I-ne (TSE:4933) - Share price, News & Analysis

Q: What is the Fair Price of 4933 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

4933 (¥4670) is trading below our estimate of [[fair value]] (¥5825.46)

4933 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	3/6
Past Performance	3/6
Financial Health	5/6
Dividends	0/6

4933 Stock Overview

I-ne CO., LTD. manufactures and sells beauty-focused branded products in Japan.

Rewards

Trading at 19.8% below our estimate of its fair value

Earnings are forecast to grow 15.31% per year

Earnings have grown 42.2% per year over the past 5 years

Risk Analysis

Highly volatile share price over the past 3 months

I-ne Competitors

Cota

TSE:4923

JP¥36.7b

Shinnihonseiyaku

TSE:4931

JP¥35.5b

MTG

TSE:7806

JP¥52.0b

Kitanotatsujin

TSE:2930

JP¥30.4b

Price History & Performance

Summary of all time highs, changes and price drops for I-ne
Historical stock prices
Current Share Price	JP¥4,670.00
52 Week High	JP¥5,590.00
52 Week Low	JP¥2,336.00
Beta	0
1 Month Change	4.59%
3 Month Change	46.86%
1 Year Change	-10.71%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	18.23%

Shareholder Returns

	4933	JP Personal Products	JP Market
7D	-1.2%	1.2%	0.5%
1Y	-10.7%	-18.1%	-0.09%

Return vs Industry: 4933 exceeded the JP Personal Products industry which returned -18.1% over the past year.

Return vs Market: 4933 underperformed the JP Market which returned -0.1% over the past year.

Price Volatility

Is 4933's price volatile compared to industry and market?
4933 volatility
4933 Average Weekly Movement	9.9%
Personal Products Industry Average Movement	4.4%
Market Average Movement	3.9%
10% most volatile stocks in JP Market	8.1%
10% least volatile stocks in JP Market	2.1%

Stable Share Price: 4933 is more volatile than 90% of JP stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 4933's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of JP stocks.

About the Company

Founded	Employees	CEO	Website
2007	289	Yohei Onishi	https://www.i-ne.co.jp

I-ne CO., LTD. manufactures and sells beauty-focused branded products in Japan. The company offers skincare, hair care and body care, and lifestyle goods under the BOTANIST brand name; hair styling products under the SALONIA brand; clay shampoos under the DROAS brand; hair care products under the Florance brand; eyeliners and mascaras under the CAROME brand; lipsticks under the Cimer brand name; gender-neutral makeup products under the LAKA brand; skin care products under the Skinvill and JADE BLANC brand names; and folate supplements under the Lara Republic brand name.

I-ne Fundamentals Summary

How do I-ne's earnings and revenue compare to its market cap?
4933 fundamental statistics
Market Cap	JP¥40.82b
Earnings (TTM)	JP¥1.52b
Revenue (TTM)	JP¥29.28b

26.9x

P/E Ratio

1.4x

P/S Ratio

Is 4933 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
4933 income statement (TTM)
Revenue	JP¥29.28b
Cost of Revenue	JP¥13.68b
Gross Profit	JP¥15.61b
Other Expenses	JP¥14.09b
Earnings	JP¥1.52b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 10, 2022

Earnings per share (EPS)	173.55
Gross Margin	53.29%
Net Profit Margin	5.18%
Debt/Equity Ratio	6.6%

How did 4933 perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is 4933 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4933?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 4933. This is calculated by dividing 4933's market cap by their current preferred multiple.
What is 4933's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	JP¥40.82b

4933 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.2x
Enterprise Value/EBITDA	12.9x
PEG Ratio	1.8x

Price to Earnings Ratio vs Peers

How does 4933's PE Ratio compare to its peers?

4933 PE Ratio vs Peers

The above table shows the PE ratio for 4933 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	20.3x
4923 Cota	32.2x	n/a	JP¥36.7b
4931 Shinnihonseiyaku	14.3x	3.2%	JP¥35.5b
7806 MTG	11.5x	10.4%	JP¥52.0b
2930 Kitanotatsujin	23.2x	-27.0%	JP¥30.4b
4933 I-ne	26.9x	15.3%	JP¥40.8b

Price-To-Earnings vs Peers: 4933 is expensive based on its Price-To-Earnings Ratio (26.9x) compared to the peer average (20.3x).

Price to Earnings Ratio vs Industry

How does 4933's PE Ratio compare vs other companies in the JP Personal Products Industry?

Price-To-Earnings vs Industry: 4933 is expensive based on its Price-To-Earnings Ratio (26.9x) compared to the JP Personal Products industry average (22.9x)

Price to Earnings Ratio vs Fair Ratio

What is 4933's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

4933 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	26.9x
Fair PE Ratio	24.5x

Price-To-Earnings vs Fair Ratio: 4933 is expensive based on its Price-To-Earnings Ratio (26.9x) compared to the estimated Fair Price-To-Earnings Ratio (24.5x).

Share Price vs Fair Value

What is the Fair Price of 4933 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4933 (¥4670) is trading below our estimate of fair value (¥5825.46)

Significantly Below Fair Value: 4933 is trading below fair value, but not by a significant amount.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is I-ne forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

3/6

Future Growth Score 3/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

15.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 4933's forecast earnings growth (15.3% per year) is above the savings rate (0.04%).

Earnings vs Market: 4933's earnings (15.3% per year) are forecast to grow faster than the JP market (8.6% per year).

High Growth Earnings: 4933's earnings are forecast to grow, but not significantly.

Revenue vs Market: 4933's revenue (10% per year) is forecast to grow faster than the JP market (4.4% per year).

High Growth Revenue: 4933's revenue (10% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 4933's Return on Equity is forecast to be low in 3 years time (18.3%).

Discover growth companies

Past Performance

How has I-ne performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

42.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 4933 has high quality earnings.

Growing Profit Margin: 4933's current net profit margins (5.2%) are higher than last year (5.1%).

Past Earnings Growth Analysis

Earnings Trend: 4933's earnings have grown significantly by 42.2% per year over the past 5 years.

Accelerating Growth: 4933's earnings growth over the past year (17.7%) is below its 5-year average (42.2% per year).

Earnings vs Industry: 4933 earnings growth over the past year (17.7%) underperformed the Personal Products industry 19.8%.

Return on Equity

High ROE: 4933's Return on Equity (16.5%) is considered low.

Discover strong past performing companies

Financial Health

How is I-ne's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 4933's short term assets (¥13.4B) exceed its short term liabilities (¥4.8B).

Long Term Liabilities: 4933's short term assets (¥13.4B) exceed its long term liabilities (¥155.0M).

Debt to Equity History and Analysis

Debt Level: 4933 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if 4933's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 4933's debt is well covered by operating cash flow (94.1%).

Interest Coverage: 4933's interest payments on its debt are well covered by EBIT (199.8x coverage).

Balance Sheet

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Dividend

What is I-ne current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 4933's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 4933's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 4933's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 4933's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 4933 has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

CEO

Yohei Onishi

no data

Tenure

Mr. Yohei Onishi serves as President, Chief Executive Officer and Director at I-Ne Co., Ltd.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/08/07 00:00
End of Day Share Price	2022/08/05 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31