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2323

fonfun TSE:2323 Stock Report

Last Price

JP¥282.00

Market Cap

JP¥940.7m

7D

-2.1%

1Y

-42.7%

Updated

23 May, 2022

Data

Company Financials
2323 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

2323 Stock Overview

fonfun corporation provides content services for internet-compatible mobile phones.

fonfun Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for fonfun
Historical stock prices
Current Share PriceJP¥282.00
52 Week HighJP¥535.00
52 Week LowJP¥280.00
Beta0.40
1 Month Change-2.42%
3 Month Change-1.40%
1 Year Change-42.68%
3 Year Change-26.75%
5 Year Change-16.07%
Change since IPO-91.94%

Recent News & Updates

Shareholder Returns

2323JP SoftwareJP Market
7D-2.1%4.3%1.5%
1Y-42.7%-23.0%-2.7%

Return vs Industry: 2323 underperformed the JP Software industry which returned -24.7% over the past year.

Return vs Market: 2323 underperformed the JP Market which returned -2.9% over the past year.

Price Volatility

Is 2323's price volatile compared to industry and market?
2323 volatility
2323 Average Weekly Movement3.5%
Software Industry Average Movement6.7%
Market Average Movement4.5%
10% most volatile stocks in JP Market8.9%
10% least volatile stocks in JP Market2.5%

Stable Share Price: 2323 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 2323's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199719Kazuyuki Hayashihttps://www.fonfun.co.jp

fonfun corporation provides content services for internet-compatible mobile phones. It offers Remote mail (personal version), an email service; Remote mail (corporate service), a service to view and send and receive company emails from mobile phones, smartphones, and tablets; Remote catalog, a solution to convert Word, Excel, PowerPoint, and PDF files to image files; Remote browsing, a gateway service to access business servers from terminals; and Remote business card BizCompass, a solution to convert scanned business cards into data. It also provides Remote talk, a business chat; fonfun Any Clutch remote, a service to access and operate its PC from laptop, smartphone, and tablet; and Voice mail, a business communication tool.

fonfun Fundamentals Summary

How do fonfun's earnings and revenue compare to its market cap?
2323 fundamental statistics
Market CapJP¥940.69m
Earnings (TTM)-JP¥17.00m
Revenue (TTM)JP¥556.00m

1.7x

P/S Ratio

-55.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2323 income statement (TTM)
RevenueJP¥556.00m
Cost of RevenueJP¥199.00m
Gross ProfitJP¥357.00m
Other ExpensesJP¥374.00m
Earnings-JP¥17.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-5.10
Gross Margin64.21%
Net Profit Margin-3.06%
Debt/Equity Ratio56.8%

How did 2323 perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


1.7x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: 2323 (¥282) is trading above our estimate of fair value (¥23.02)

Significantly Below Fair Value: 2323 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2323 is unprofitable, so we can't compare its PE Ratio to the JP Software industry average.

PE vs Market: 2323 is unprofitable, so we can't compare its PE Ratio to the JP market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2323's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2323 is good value based on its PB Ratio (1.7x) compared to the JP Software industry average (2.7x).


Future Growth

How is fonfun forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.5%

Forecasted Software industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as fonfun has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has fonfun performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


54.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2323 is currently unprofitable.

Growing Profit Margin: 2323 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2323 is unprofitable, but has reduced losses over the past 5 years at a rate of 54.1% per year.

Accelerating Growth: Unable to compare 2323's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2323 is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (21.7%).


Return on Equity

High ROE: 2323 has a negative Return on Equity (-3.07%), as it is currently unprofitable.


Financial Health

How is fonfun's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: 2323's short term assets (¥750.0M) exceed its short term liabilities (¥219.0M).

Long Term Liabilities: 2323's short term assets (¥750.0M) exceed its long term liabilities (¥178.0M).


Debt to Equity History and Analysis

Debt Level: 2323 has more cash than its total debt.

Reducing Debt: 2323's debt to equity ratio has reduced from 60.4% to 56.8% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 2323 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 2323 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 44.1% per year.


Dividend

What is fonfun 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

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2323's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2323'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 2323's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2323'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 2323 has not reported any payouts.


Discover strong dividend paying companies

Management

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

10.2yrs

Average board tenure


CEO

Kazuyuki Hayashi (61 yo)

10.92yrs

Tenure

Kazuyuki Hayashi has been the President of Fonfun Corporation since June 2011. Kazuyuki Hayashi joined K.K. Nihon Joho Kenkyu Center (now NJK Corporation) in September 1983.Kazuyuki Hayashi established Ky...


Board Members

Experienced Board: 2323's board of directors are seasoned and experienced ( 10.2 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.


Top Shareholders

Company Information

fonfun corporation's employee growth, exchange listings and data sources


Key Information

  • Name: fonfun corporation
  • Ticker: 2323
  • Exchange: TSE
  • Founded: 1997
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: JP¥940.692m
  • Shares outstanding: 3.34m
  • Website: https://www.fonfun.co.jp

Number of Employees


Location

  • fonfun corporation
  • Sasazuka Center Building
  • 6th Floor
  • Tokyo
  • 151-0073
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/23 00:00
End of Day Share Price2022/05/23 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.