ZIGExN (TSE:3679) - Share price, News & Analysis

3679 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	1/6
Financial Health	6/6
Dividends	2/6

3679 Stock Overview

ZIGExN Co., Ltd. operates the life media platform in Japan.

Rewards

Trading at 55.7% below our estimate of its fair value

Earnings are forecast to grow 14.35% per year

Became profitable this year

Risk Analysis

Large one-off items impacting financial results

ZIGExN Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ZIGExN
Historical stock prices
Current Share Price	JP¥329.00
52 Week High	JP¥488.00
52 Week Low	JP¥262.00
Beta	1.53
1 Month Change	8.58%
3 Month Change	7.17%
1 Year Change	-17.75%
3 Year Change	-50.15%
5 Year Change	-55.54%
Change since IPO	-57.55%

Shareholder Returns

	3679	JP Interactive Media and Services	JP Market
7D	13.8%	-7.2%	-2.7%
1Y	-17.8%	-12.1%	-2.5%

Return vs Industry: 3679 underperformed the JP Interactive Media and Services industry which returned -12.1% over the past year.

Return vs Market: 3679 underperformed the JP Market which returned -2.5% over the past year.

Price Volatility

Is 3679's price volatile compared to industry and market?
3679 volatility
3679 Average Weekly Movement	6.1%
Interactive Media and Services Industry Average Movement	7.9%
Market Average Movement	4.5%
10% most volatile stocks in JP Market	8.9%
10% least volatile stocks in JP Market	2.5%

Stable Share Price: 3679 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 3679's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2006	772	Joe Hirao	https://www.zigexn.co.jp

ZIGExN Co., Ltd. operates the life media platform in Japan. It operates Job change EX, a job change and job information site; Dispatch EX, a Website covering job information and dispatch company information of staffing sites and dispatching companies; Part-timer EX, a part time job search service site; d job, a job recruitment information and smartphone work recruitment service; Nurse Job EX, a nurse recruitment/career change site; and Pharmacist Job EX, a pharmacist recruitment information search site. The company also offers Rental Smocca, a search site for real estate rental housing listings; Maisumi EX, a site specialized in real estate sale, land utilization, and rental management; and Moving estimate EX, a site that offers moving estimates.

ZIGExN Fundamentals Summary

How do ZIGExN's earnings and revenue compare to its market cap?
3679 fundamental statistics
Market Cap	JP¥35.57b
Earnings (TTM)	JP¥2.26b
Revenue (TTM)	JP¥14.95b

15.7x

P/E Ratio

2.4x

P/S Ratio

Is 3679 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
3679 income statement (TTM)
Revenue	JP¥14.95b
Cost of Revenue	JP¥2.43b
Gross Profit	JP¥12.52b
Other Expenses	JP¥10.26b
Earnings	JP¥2.26b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	20.92
Gross Margin	83.76%
Net Profit Margin	15.13%
Debt/Equity Ratio	16.0%

How did 3679 perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

14%

Payout Ratio

Valuation

Is ZIGExN undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 3679 (¥329) is trading below our estimate of fair value (¥743.29)

Significantly Below Fair Value: 3679 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: 3679 is good value based on its PE Ratio (15.7x) compared to the JP Interactive Media and Services industry average (21.9x).

PE vs Market: 3679 is poor value based on its PE Ratio (15.7x) compared to the JP market (12.1x).

Price to Earnings Growth Ratio

PEG Ratio: 3679 is poor value based on its PEG Ratio (1.1x)

Price to Book Ratio

PB vs Industry: 3679's PB Ratio (2.5x) is in line with the JP Interactive Media and Services industry average.

Future Growth

How is ZIGExN 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

14.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3679's forecast earnings growth (14.3% per year) is above the savings rate (0.02%).

Earnings vs Market: 3679's earnings (14.3% per year) are forecast to grow faster than the JP market (8.8% per year).

High Growth Earnings: 3679's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3679's revenue (10% per year) is forecast to grow faster than the JP market (4.2% per year).

High Growth Revenue: 3679'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: 3679's Return on Equity is forecast to be low in 3 years time (16.4%).

Past Performance

How has ZIGExN performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

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

-18.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 3679 has a large one-off loss of ¥3.9B impacting its December 31 2021 financial results.

Growing Profit Margin: 3679 became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: 3679's earnings have declined by 18.6% per year over the past 5 years.

Accelerating Growth: 3679 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 3679 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (32.7%).

Return on Equity

High ROE: 3679's Return on Equity (15.9%) is considered low.

Financial Health

How is ZIGExN's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

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

Financial Position Analysis

Short Term Liabilities: 3679's short term assets (¥10.6B) exceed its short term liabilities (¥4.4B).

Long Term Liabilities: 3679's short term assets (¥10.6B) exceed its long term liabilities (¥2.1B).

Debt to Equity History and Analysis

Debt Level: 3679 has more cash than its total debt.

Reducing Debt: 3679's debt to equity ratio has reduced from 72.4% to 16% over the past 5 years.

Debt Coverage: 3679's debt is well covered by operating cash flow (167.7%).

Interest Coverage: 3679's interest payments on its debt are well covered by EBIT (1200x coverage).

Balance Sheet

Dividend

What is ZIGExN current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

1.06%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 3679's dividend (1.06%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.61%).

High Dividend: 3679's dividend (1.06%) is low compared to the top 25% of dividend payers in the JP market (3.61%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 3679 has been paying a dividend for less than 10 years.

Growing Dividend: 3679's dividend payments have increased, but the company has only paid a dividend for 4 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (14.3%), 3679's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (12.4%), 3679's dividend payments are thoroughly covered by cash flows.

Next Steps

Explore strong dividend paying companies in the Media industry.

Management

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

3.1yrs

Average board tenure

CEO

Joe Hirao (39 yo)

no data

Tenure

Mr. Joe Hirao serves as the President of ZIGExN Co., Ltd. and has been its Representative Director since January 2008 and serves as its Chief Executive Officer & Operating Officer.

Board Members

Experienced Board: 3679's board of directors are considered experienced (3.1 years average tenure).

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	2022/05/16 00:00
End of Day Share Price	2022/05/16 00:00
Earnings	2021/12/31
Annual Earnings	2021/03/31