SHIFT Future Growth

Future criteria checks 5/6

SHIFT is forecast to grow earnings and revenue by 33.4% and 18.3% per annum respectively. EPS is expected to grow by 33.4% per annum. Return on equity is forecast to be 25.6% in 3 years.

Key information

33.4%

Earnings growth rate

33.4%

EPS growth rate

IT earnings growth	11.5%
Revenue growth rate	18.3%
Future return on equity	25.6%
Analyst coverage	Good
Last updated	15 Nov 2024

Recent future growth updates

SHIFT Inc. Just Missed EPS By 15%: Here's What Analysts Think Will Happen Next

Apr 14

Recent updates

SHIFT Inc.'s (TSE:3697) Share Price Is Still Matching Investor Opinion Despite 28% Slump

Apr 13

SHIFT (TSE:3697) Could Easily Take On More Debt

Mar 11

SHIFT (TSE:3697) Looks To Prolong Its Impressive Returns

Feb 29

Earnings and Revenue Growth Forecasts

TSE:3697 - Analysts future estimates and past financials data (JPY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
8/31/2027	186,500	14,550	17,230	21,900	2
8/31/2026	169,550	13,231	14,020	18,050	7
8/31/2025	135,819	9,681	10,000	13,000	6
8/31/2024	110,627	5,127	3,377	9,088	N/A
5/31/2024	105,818	5,562	N/A	N/A	N/A
2/29/2024	99,992	7,037	5,126	8,186	N/A
11/30/2023	93,749	6,107	N/A	N/A	N/A
8/31/2023	88,030	6,245	8,992	10,248	N/A
5/31/2023	81,224	5,237	N/A	N/A	N/A
2/28/2023	75,358	4,497	5,243	6,301	N/A
11/30/2022	69,957	4,827	N/A	N/A	N/A
8/31/2022	64,873	4,974	6,624	7,392	N/A
5/31/2022	60,120	4,632	N/A	N/A	N/A
2/28/2022	55,575	4,394	6,068	6,551	N/A
11/30/2021	50,853	3,777	N/A	N/A	N/A
8/31/2021	46,004	2,818	4,323	4,758	N/A
5/31/2021	40,881	2,528	N/A	N/A	N/A
2/28/2021	36,169	1,980	2,835	3,356	N/A
11/30/2020	32,035	1,686	N/A	N/A	N/A
8/31/2020	28,712	1,648	1,767	2,250	N/A
5/31/2020	26,601	1,474	N/A	N/A	N/A
2/29/2020	24,090	1,463	1,709	1,999	N/A
11/30/2019	21,675	1,160	N/A	N/A	N/A
8/31/2019	19,531	970	854	1,133	N/A
5/31/2019	17,188	318	N/A	N/A	N/A
2/28/2019	15,263	289	596	852	N/A
11/30/2018	14,089	398	N/A	N/A	N/A
8/31/2018	12,792	368	1,046	1,247	N/A
5/31/2018	11,763	720	N/A	N/A	N/A
2/28/2018	10,578	521	N/A	682	N/A
11/30/2017	9,468	362	N/A	N/A	N/A
8/31/2017	8,174	208	N/A	394	N/A
5/31/2017	7,156	141	N/A	N/A	N/A
2/28/2017	6,395	204	N/A	446	N/A
11/30/2016	5,734	279	N/A	N/A	N/A
8/31/2016	5,511	307	N/A	148	N/A
5/31/2016	5,039	277	N/A	N/A	N/A
2/29/2016	4,382	221	N/A	-55	N/A
11/30/2015	3,770	182	N/A	N/A	N/A
8/31/2015	3,288	195	N/A	292	N/A
5/31/2015	2,925	266	N/A	N/A	N/A
8/31/2014	2,150	149	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3697's forecast earnings growth (33.4% per year) is above the savings rate (0.3%).

Earnings vs Market: 3697's earnings (33.4% per year) are forecast to grow faster than the JP market (7.7% per year).

High Growth Earnings: 3697's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 3697's revenue (18.3% per year) is forecast to grow faster than the JP market (4.1% per year).

High Growth Revenue: 3697's revenue (18.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 3697's Return on Equity is forecast to be high in 3 years time (25.6%)

SHIFT Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 17%

Consensus EPS estimates fall by 11%

Price target decreased by 11% to JP¥26,260

Price target decreased by 12% to JP¥29,660

SHIFT Inc. Just Missed EPS By 15%: Here's What Analysts Think Will Happen Next

Price target increased by 8.5% to JP¥30,680

Recent updates

New minor risk - Profit margin trend

SHIFT's (TSE:3697) Conservative Accounting Might Explain Soft Earnings

Earnings Tell The Story For SHIFT Inc. (TSE:3697) As Its Stock Soars 27%

SHIFT Inc. (TSE:3697) announces an Equity Buyback for 80,000 shares, representing 0.45% for ¥1,000 million.

Consensus EPS estimates fall by 17%

SHIFT Inc., Annual General Meeting, Nov 25, 2024

SHIFT (TSE:3697) Seems To Use Debt Rather Sparingly

Consensus EPS estimates fall by 11%

Investor sentiment deteriorates as stock falls 17%

SHIFT Inc.'s (TSE:3697) 40% Jump Shows Its Popularity With Investors

Investor sentiment improves as stock rises 18%

SHIFT Inc. to Report Fiscal Year 2024 Results on Oct 10, 2024

Investor sentiment deteriorates as stock falls 16%

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

SHIFT Inc.'s (TSE:3697) 26% Cheaper Price Remains In Tune With Earnings

Investor sentiment deteriorates as stock falls 25%

Price target decreased by 11% to JP¥26,260

We Like SHIFT's (TSE:3697) Returns And Here's How They're Trending

Is Now The Time To Look At Buying SHIFT Inc. (TSE:3697)?

Now 21% undervalued after recent price drop

SHIFT Inc. to Report Q3, 2024 Results on Jul 10, 2024

Investor sentiment improves as stock rises 16%

Price target decreased by 12% to JP¥29,660

Investor sentiment deteriorates as stock falls 21%

Now 20% undervalued after recent price drop

SHIFT Inc. Just Missed EPS By 15%: Here's What Analysts Think Will Happen Next

SHIFT Inc.'s (TSE:3697) Share Price Is Still Matching Investor Opinion Despite 28% Slump

Second quarter 2024 earnings: EPS misses analyst expectations

Now 21% overvalued

SHIFT (TSE:3697) Could Easily Take On More Debt

SHIFT (TSE:3697) Looks To Prolong Its Impressive Returns

SHIFT Inc. to Report Q2, 2024 Results on Apr 11, 2024

Investor sentiment deteriorates as stock falls 27%

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

SHIFT Inc. to Report Q1, 2024 Results on Jan 12, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

Price target increased by 8.5% to JP¥30,680

New major risk - Share price stability

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

SHIFT Inc. to Report Fiscal Year 2023 Results on Oct 12, 2023

SHIFT Inc. to Report Q3, 2023 Results on Jul 13, 2023

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

SHIFT Inc. (TSE:3697) entered into an agreement to acquire Careersystems Inc. from Hisamu Saito for ¥1.17 billion

SHIFT Inc. to Report Q2, 2023 Results on Apr 10, 2023

First quarter 2023 earnings released: EPS: JP¥69.96 (vs JP¥78.62 in 1Q 2022)

Full year 2022 earnings: EPS exceeds analyst expectations

SHIFT Inc. to Report Q1, 2023 Results on Jan 12, 2023

Price target increased to JP¥26,933

High number of new directors

Full year 2022 earnings: EPS exceeds analyst expectations

Price target decreased to JP¥24,825

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Investor sentiment improved over the past week

SHIFT Inc. (TSE:3697) agreed to acquire DeMiA Inc.

SHIFT Inc., Annual General Meeting, Nov 25, 2022

SHIFT Inc. to Report Q4, 2022 Results on Oct 14, 2022

High number of new directors

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

SHIFT Inc. to Report Q2, 2022 Results on Apr 07, 2022

Investor sentiment deteriorated over the past week

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Full year 2021 earnings: EPS exceeds analyst expectations

High number of new directors

Full year 2021 earnings released: EPS JP¥163 (vs JP¥104 in FY 2020)

Price target increased to JP¥25,800

Third quarter 2021 earnings released: EPS JP¥46.51 (vs JP¥16.85 in 3Q 2020)

Second quarter 2021 earnings released: EPS JP¥37.87 (vs JP¥23.58 in 2Q 2020)