Snowflake Score | |
---|---|
Valuation | 2/6 |
Future Growth | 5/6 |
Past Performance | 1/6 |
Financial Health | 5/6 |
Dividends | 0/6 |
3962 Stock Overview
Change Inc. provides IT human resources development training services in Japan.
Change Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | JP¥2,171.00 |
52 Week High | JP¥2,557.00 |
52 Week Low | JP¥1,303.00 |
Beta | 0.81 |
1 Month Change | 7.26% |
3 Month Change | 26.07% |
1 Year Change | -4.02% |
3 Year Change | 372.21% |
5 Year Change | 360.69% |
Change since IPO | 1,158.55% |
Recent News & Updates
Shareholder Returns
3962 | JP IT | JP Market | |
---|---|---|---|
7D | 0.05% | -0.8% | 1.2% |
1Y | -4.0% | -0.4% | -0.2% |
Return vs Industry: 3962 underperformed the JP IT industry which returned -0.4% over the past year.
Return vs Market: 3962 underperformed the JP Market which returned -0.2% over the past year.
Price Volatility
3962 volatility | |
---|---|
3962 Average Weekly Movement | 7.6% |
IT Industry Average Movement | 4.8% |
Market Average Movement | 3.8% |
10% most volatile stocks in JP Market | 7.8% |
10% least volatile stocks in JP Market | 2.0% |
Stable Share Price: 3962 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: 3962's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of JP stocks.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
2003 | 328 | Hiroshi Fukudome | https://www.change-jp.com |
Change Inc. provides IT human resources development training services in Japan. It offers training services utilizing libraries and basic technologies of various algorithms, such as artificial intelligence, robotics, Internet of Things, voice internet, mobility, big data, cloud, cyber security, and new-IT transformation projects. The company was founded in 2003 and is based in Tokyo, Japan.
Change Fundamentals Summary
3962 fundamental statistics | |
---|---|
Market Cap | JP¥157.04b |
Earnings (TTM) | JP¥3.73b |
Revenue (TTM) | JP¥15.53b |
42.1x
P/E Ratio10.1x
P/S RatioIs 3962 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
3962 income statement (TTM) | |
---|---|
Revenue | JP¥15.53b |
Cost of Revenue | JP¥4.38b |
Gross Profit | JP¥11.15b |
Other Expenses | JP¥7.42b |
Earnings | JP¥3.73b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 15, 2022
Earnings per share (EPS) | 51.56 |
Gross Margin | 71.82% |
Net Profit Margin | 24.02% |
Debt/Equity Ratio | 4.1% |
How did 3962 perform over the long term?
See historical performance and comparisonDividends
0.3%
Current Dividend Yield9%
Payout RatioValuation
Is 3962 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
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 3962?
Other financial metrics that can be useful for relative valuation.
What is 3962's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | JP¥157.04b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 8.4x |
Enterprise Value/EBITDA | 22.3x |
PEG Ratio | 2x |
Price to Earnings Ratio vs Peers
How does 3962's PE Ratio compare to its peers?
3962 PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 17.1x | ||
4722 Future | 19.3x | -3.4% | JP¥158.3b |
9682 DTS | 19.6x | 4.7% | JP¥154.6b |
4819 Digital Garage | 5.4x | -11.1% | JP¥186.4b |
9759 NSD | 24x | 7.3% | JP¥192.5b |
3962 Change | 42.1x | 21.4% | JP¥157.0b |
Price-To-Earnings vs Peers: 3962 is expensive based on its Price-To-Earnings Ratio (42.1x) compared to the peer average (17.1x).
Price to Earnings Ratio vs Industry
How does 3962's PE Ratio compare vs other companies in the JP IT Industry?
Price-To-Earnings vs Industry: 3962 is expensive based on its Price-To-Earnings Ratio (42.1x) compared to the JP IT industry average (18.1x)
Price to Earnings Ratio vs Fair Ratio
What is 3962'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.
Fair Ratio | |
---|---|
Current PE Ratio | 42.1x |
Fair PE Ratio | 27x |
Price-To-Earnings vs Fair Ratio: 3962 is expensive based on its Price-To-Earnings Ratio (42.1x) compared to the estimated Fair Price-To-Earnings Ratio (27x).
Share Price vs Fair Value
What is the Fair Price of 3962 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 3962 (¥2171) is trading below our estimate of fair value (¥3421.25)
Significantly Below Fair Value: 3962 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
Discover undervalued companies
Future Growth
How is Change forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score
5/6Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
21.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3962's forecast earnings growth (21.4% per year) is above the savings rate (0.04%).
Earnings vs Market: 3962's earnings (21.4% per year) are forecast to grow faster than the JP market (8.4% per year).
High Growth Earnings: 3962's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 3962's revenue (19.1% per year) is forecast to grow faster than the JP market (4.3% per year).
High Growth Revenue: 3962's revenue (19.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3962's Return on Equity is forecast to be high in 3 years time (21%)
Discover growth companies
Past Performance
How has Change performed over the past 5 years?
Past Performance Score
1/6Past Performance Score 1/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-14.8%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: 3962 has high quality earnings.
Growing Profit Margin: 3962's current net profit margins (24%) are lower than last year (29.9%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if 3962's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: 3962's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3962 had negative earnings growth (-14.8%) over the past year, making it difficult to compare to the IT industry average (17.9%).
Return on Equity
High ROE: 3962's Return on Equity (10.7%) is considered low.
Discover strong past performing companies
Financial Health
How is Change's financial position?
Financial Health Score
5/6Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 3962's short term assets (¥35.7B) exceed its short term liabilities (¥5.9B).
Long Term Liabilities: 3962's short term assets (¥35.7B) exceed its long term liabilities (¥1.2B).
Debt to Equity History and Analysis
Debt Level: 3962 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 3962's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 3962's debt is well covered by operating cash flow (301.2%).
Interest Coverage: 3962's interest payments on its debt are well covered by EBIT (145.8x coverage).
Balance Sheet
Discover healthy companies
Dividend
What is Change current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
0.32%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3962's dividend (0.32%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.63%).
High Dividend: 3962's dividend (0.32%) is low compared to the top 25% of dividend payers in the JP market (3.59%).
Stability and Growth of Payments
Stable Dividend: 3962 is not paying a notable dividend for the JP market, therefore no need to check if payments are stable.
Growing Dividend: 3962 is not paying a notable dividend for the JP market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: 3962 is not paying a notable dividend for the JP market.
Cash Payout to Shareholders
Cash Flow Coverage: 3962 is not paying a notable dividend for the JP market.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
6.7yrs
Average management tenure
CEO
Hiroshi Fukudome (46 yo)
6.67yrs
Tenure
Mr. Hiroshi Fukudome serves as Executive Officer and President at Change Inc. He served as an Executive President of Change Inc. Mr. Fukudome served as Chief of Research & Development Unit at Change Inc. s...
Leadership Team
Experienced Management: 3962's management team is seasoned and experienced (6.7 years average tenure).
Board Members
Experienced Board: 3962's board of directors are considered experienced (6.6 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
Change Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Change Inc.
- Ticker: 3962
- Exchange: TSE
- Founded: 2003
- Industry: IT Consulting and Other Services
- Sector: Software
- Implied Market Cap: JP¥157.042b
- Shares outstanding: 72.34m
- Website: https://www.change-jp.com
Number of Employees
Location
- Change Inc.
- Tokyu REIT Toranomon Building
- 6th Floor
- Tokyo
- 105-0001
- Japan
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/08/14 00:00 |
End of Day Share Price | 2022/08/12 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2022/03/31 |
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.