i-mobileLtd (TSE:6535) - Share price, News & Analysis

6535 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	4/6
Financial Health	6/6
Dividends	3/6

6535 Stock Overview

i-mobile Co., Ltd. provides Internet advertising platform for clients to advertise their product and for publishers to monetize their cyberspace in Japan.

Rewards

Trading at 61.6% below our estimate of its fair value

Earnings are forecast to grow 9.51% per year

Earnings have grown 13.2% per year over the past 5 years

Risk Analysis

Unstable dividend track record

i-mobileLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for i-mobileLtd
Historical stock prices
Current Share Price	JP¥1,321.00
52 Week High	JP¥1,956.00
52 Week Low	JP¥1,074.00
Beta	0.60
1 Month Change	4.84%
3 Month Change	9.26%
1 Year Change	7.14%
3 Year Change	64.10%
5 Year Change	33.03%
Change since IPO	8.81%

Shareholder Returns

	6535	JP Interactive Media and Services	JP Market
7D	0.5%	-3.5%	-2.4%
1Y	7.1%	-5.8%	-1.2%

Return vs Industry: 6535 exceeded the JP Interactive Media and Services industry which returned -11% over the past year.

Return vs Market: 6535 exceeded the JP Market which returned -2.2% over the past year.

Price Volatility

Is 6535's price volatile compared to industry and market?
6535 volatility
6535 Average Weekly Movement	4.8%
Interactive Media and Services Industry Average Movement	7.8%
Market Average Movement	4.4%
10% most volatile stocks in JP Market	8.8%
10% least volatile stocks in JP Market	2.4%

Stable Share Price: 6535 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 6535's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2007	204	Tetsuya Noguchi	https://www2.i-mobile.co.jp

i-mobile Co., Ltd. provides Internet advertising platform for clients to advertise their product and for publishers to monetize their cyberspace in Japan. The company was incorporated in 2007 and is based in Tokyo, Japan.

i-mobileLtd Fundamentals Summary

How do i-mobileLtd's earnings and revenue compare to its market cap?
6535 fundamental statistics
Market Cap	JP¥28.52b
Earnings (TTM)	JP¥2.87b
Revenue (TTM)	JP¥16.89b

9.9x

P/E Ratio

1.7x

P/S Ratio

Is 6535 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
6535 income statement (TTM)
Revenue	JP¥16.89b
Cost of Revenue	JP¥3.03b
Gross Profit	JP¥13.86b
Other Expenses	JP¥10.99b
Earnings	JP¥2.87b

Last Reported Earnings

Jan 31, 2022

Next Earnings Date

Jun 08, 2022

Earnings per share (EPS)	132.78
Gross Margin	82.08%
Net Profit Margin	16.98%
Debt/Equity Ratio	0.0%

How did 6535 perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

22%

Payout Ratio

Does 6535 pay a reliable dividends?

See 6535 dividend history and benchmarks

When do you need to buy 6535 by to receive an upcoming dividend?
i-mobileLtd dividend dates
Ex Dividend Date	Jul 28 2022
Dividend Pay Date	Oct 06 2022
Days until Ex dividend	77 days
Days until Dividend pay date	147 days

Does 6535 pay a reliable dividends?

See 6535 dividend history and benchmarks

Valuation

Is i-mobileLtd undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

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: 6535 (¥1321) is trading below our estimate of fair value (¥3442.21)

Significantly Below Fair Value: 6535 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: 6535 is good value based on its PE Ratio (9.9x) compared to the JP Interactive Media and Services industry average (21.1x).

PE vs Market: 6535 is good value based on its PE Ratio (9.9x) compared to the JP market (12.2x).

Price to Earnings Growth Ratio

PEG Ratio: 6535 is poor value based on its PEG Ratio (1x)

Price to Book Ratio

PB vs Industry: 6535 is good value based on its PB Ratio (1.9x) compared to the JP Interactive Media and Services industry average (2.8x).

Future Growth

How is i-mobileLtd forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

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

9.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6535's forecast earnings growth (9.5% per year) is above the savings rate (0.02%).

Earnings vs Market: 6535's earnings (9.5% per year) are forecast to grow faster than the JP market (8.6% per year).

High Growth Earnings: 6535's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6535's revenue (15.3% per year) is forecast to grow faster than the JP market (4.4% per year).

High Growth Revenue: 6535's revenue (15.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 6535's Return on Equity is forecast to be low in 3 years time (16.9%).

Past Performance

How has i-mobileLtd performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

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

13.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6535 has high quality earnings.

Growing Profit Margin: 6535's current net profit margins (17%) are higher than last year (13.6%).

Past Earnings Growth Analysis

Earnings Trend: 6535's earnings have grown by 13.2% per year over the past 5 years.

Accelerating Growth: 6535's earnings growth over the past year (24.1%) exceeds its 5-year average (13.2% per year).

Earnings vs Industry: 6535 earnings growth over the past year (24.1%) underperformed the Interactive Media and Services industry 40.5%.

Return on Equity

High ROE: 6535's Return on Equity (19.2%) is considered low.

Financial Health

How is i-mobileLtd'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: 6535's short term assets (¥21.9B) exceed its short term liabilities (¥8.7B).

Long Term Liabilities: 6535's short term assets (¥21.9B) exceed its long term liabilities (¥65.0M).

Debt to Equity History and Analysis

Debt Level: 6535 is debt free.

Reducing Debt: 6535 had no debt 5 years ago.

Debt Coverage: 6535 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 6535 has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is i-mobileLtd current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

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

2.65%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: 6535's dividend (2.65%) is higher than the bottom 25% of dividend payers in the JP market (1.6%).

High Dividend: 6535's dividend (2.65%) is low compared to the top 25% of dividend payers in the JP market (3.58%).

Stability and Growth of Payments

Stable Dividend: 6535 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 6535's dividend payments have increased, but the company has only paid a dividend for 2 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (22.4%), 6535's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (18%), 6535's dividend payments are well 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?

CEO

Tetsuya Noguchi (47 yo)

5.33yrs

Tenure

Mr. Tetsuya Noguchi serves as President at i-mobile Co.,Ltd. since 2017 and also serves as its Representative Director since 2017. He served as Vice President at i-mobile Co.,Ltd and served as its Responsi...

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	2022/05/11 00:00
End of Day Share Price	2022/05/11 00:00
Earnings	2022/01/31
Annual Earnings	2021/07/31