New Risk • Jul 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (JP¥10.5b market cap, or US$64.6m). Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,040, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 17x in the Software industry in Japan. Total returns to shareholders of 9.4% over the past three years. Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Outside Director Tatsushi Kubota was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 28
Property Data Bank, Inc. to Report Q1, 2027 Results on Aug 06, 2026 Property Data Bank, Inc. announced that they will report Q1, 2027 results on Aug 06, 2026 Reported Earnings • May 16
Full year 2026 earnings released: EPS: JP¥60.75 (vs JP¥54.06 in FY 2025) Full year 2026 results: EPS: JP¥60.75 (up from JP¥54.06 in FY 2025). Revenue: JP¥3.72b (up 12% from FY 2025). Net income: JP¥716.0m (up 13% from FY 2025). Profit margin: 19% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥890, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 17x in the Software industry in Japan. Total returns to shareholders of 5.6% over the past three years. Announcement • May 13
Property Data Bank, Inc., Annual General Meeting, Jun 24, 2026 Property Data Bank, Inc., Annual General Meeting, Jun 24, 2026. Announcement • Mar 25
Property Data Bank, Inc. (TSE:4389) announces an Equity Buyback for 1,600,000 shares, representing 13.53% of its issued share capital. Property Data Bank, Inc. (TSE:4389) announces a share repurchase program. Under the program, the company will repurchase 1,600,000 shares, representing 13.53% of its share capital, for ¥100 million. The shares will be repurchased at ¥804 per share. The company will repurchase its shares in order to improve capital efficiency and return value to shareholders, it will enable the implementation of a flexible capital policy. As of September 30, 2025, the company had 11,822,295 shares outstanding (excluding treasury shares) and 42,705 shares in treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.3%). Buy Or Sell Opportunity • Mar 12
Now 22% undervalued Over the last 90 days, the stock has risen 7.8% to JP¥861. The fair value is estimated to be JP¥1,099, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 8.3%. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥15.82 (vs JP¥13.79 in 3Q 2025) Third quarter 2026 results: EPS: JP¥15.82 (up from JP¥13.79 in 3Q 2025). Revenue: JP¥980.0m (up 7.9% from 3Q 2025). Net income: JP¥187.0m (up 15% from 3Q 2025). Profit margin: 19% (up from 18% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Dec 27
Property Data Bank, Inc. to Report Q3, 2026 Results on Feb 10, 2026 Property Data Bank, Inc. announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: JP¥7.93 (vs JP¥12.12 in 2Q 2025) Second quarter 2026 results: EPS: JP¥7.93 (down from JP¥12.12 in 2Q 2025). Revenue: JP¥827.0m (up 2.4% from 2Q 2025). Net income: JP¥140.0m (down 1.4% from 2Q 2025). Profit margin: 17% (in line with 2Q 2025). Declared Dividend • Nov 12
Dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 1.5%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 10% per year over the past 3 years and payments have been stable during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Sep 03
Property Data Bank, Inc. to Report Q2, 2026 Results on Nov 10, 2025 Property Data Bank, Inc. announced that they will report Q2, 2026 results on Nov 10, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥21.62 (vs JP¥12.66 in 1Q 2025) First quarter 2026 results: EPS: JP¥21.62. Revenue: JP¥762.0m (flat on 1Q 2025). Net income: JP¥127.0m (down 14% from 1Q 2025). Profit margin: 17% (down from 20% in 1Q 2025). Announcement • Jun 26
Property Data Bank, Inc. to Report Q1, 2026 Results on Aug 07, 2025 Property Data Bank, Inc. announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥108 (vs JP¥51.27 in FY 2024) Full year 2025 results: EPS: JP¥108 (up from JP¥51.27 in FY 2024). Revenue: JP¥3.32b (up 32% from FY 2024). Net income: JP¥634.0m (up 113% from FY 2024). Profit margin: 19% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Announcement • May 15
Property Data Bank, Inc., Annual General Meeting, Jun 26, 2025 Property Data Bank, Inc., Annual General Meeting, Jun 26, 2025. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Outside Independent Director Hironobu Yamaguchi was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to JP¥1,593, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 18x in the Software industry in Japan. Total returns to shareholders of 7.2% over the past three years. New Risk • Apr 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Market cap is less than US$100m (JP¥9.16b market cap, or US$62.4m). Announcement • Mar 25
Property Data Bank, Inc. to Report Fiscal Year 2025 Results on May 14, 2025 Property Data Bank, Inc. announced that they will report fiscal year 2025 results on May 14, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.6%). Announcement • Feb 12
Property Data Bank, Inc. Revises Consolidated; Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025 Property Data Bank, Inc. revised consolidated; provided Non-Consolidated earnings guidance for the fiscal year ending March 31, 2025. For the year, the company expects net sales of JPY 3,300 million, operating profit of JPY 830 million, profit attributable to owners of parent of JPY 570 million and basic earnings per share of JPY 97.21.
As per non- consolidated earning guidance for the year, the company expects net sales of JPY 2,853 million, operating profit of JPY 850 million, net income JPY 600 million and basic earnings per share of JPY 102.32. Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥27.57 (vs JP¥0.17 in 3Q 2024) Third quarter 2025 results: EPS: JP¥27.57 (up from JP¥0.17 in 3Q 2024). Revenue: JP¥908.0m (up 69% from 3Q 2024). Net income: JP¥162.0m (up JP¥161.0m from 3Q 2024). Profit margin: 18% (up from 0.2% in 3Q 2024). The increase in margin was driven by higher revenue. New Risk • Jan 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 3.4% over the past year. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (5.1% average weekly change). Market cap is less than US$100m (JP¥9.17b market cap, or US$58.6m). Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,560, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 21x in the Software industry in Japan. Total loss to shareholders of 1.3% over the past three years. Announcement • Dec 06
Property Data Bank, Inc. to Report Q3, 2025 Results on Feb 07, 2025 Property Data Bank, Inc. announced that they will report Q3, 2025 results on Feb 07, 2025 Declared Dividend • Nov 09
Dividend of JP¥20.00 announced Dividend of JP¥20.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 1.3%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (26% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 71% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.4% EPS decline seen over the last 5 years. Announcement • Oct 02
Property Data Bank, Inc. to Report Q2, 2025 Results on Nov 07, 2024 Property Data Bank, Inc. announced that they will report Q2, 2025 results on Nov 07, 2024 New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (JP¥8.03b market cap, or US$57.1m). Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: JP¥25.32 (vs JP¥5.86 in 1Q 2024) First quarter 2025 results: EPS: JP¥25.32 (up from JP¥5.86 in 1Q 2024). Revenue: JP¥755.0m (up 30% from 1Q 2024). Net income: JP¥148.0m (up 335% from 1Q 2024). Profit margin: 20% (up from 5.9% in 1Q 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,100, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 20x in the Software industry in Japan. Total loss to shareholders of 1.9% over the past three years. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,444, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 23x in the Software industry in Japan. Total loss to shareholders of 6.1% over the past three years. Announcement • Jun 28
Property Data Bank, Inc. to Report Q1, 2025 Results on Aug 08, 2024 Property Data Bank, Inc. announced that they will report Q1, 2025 results on Aug 08, 2024 Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,555, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 22x in the Software industry in Japan. Total loss to shareholders of 10% over the past three years. Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥51.27 (vs JP¥108 in FY 2023) Full year 2024 results: EPS: JP¥51.27 (down from JP¥108 in FY 2023). Revenue: JP¥2.52b (down 11% from FY 2023). Net income: JP¥298.0m (down 52% from FY 2023). Profit margin: 12% (down from 22% in FY 2023). Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,245, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 23x in the Software industry in Japan. Total loss to shareholders of 40% over the past three years. New Risk • Apr 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risks Less than 3 years of financial data is available. Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥6.60b market cap, or US$43.5m). Announcement • Mar 28
Property Data Bank, Inc. to Report Fiscal Year 2024 Results on May 14, 2024 Property Data Bank, Inc. announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: JP¥0.17 (vs JP¥53.79 in 3Q 2023) Third quarter 2024 results: EPS: JP¥0.17 (down from JP¥53.79 in 3Q 2023). Revenue: JP¥536.0m (down 48% from 3Q 2023). Net income: JP¥1.00m (down 100% from 3Q 2023). Profit margin: 0.2% (down from 31% in 3Q 2023). The decrease in margin was driven by lower revenue. New Risk • Feb 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risks Less than 3 years of financial data is available. Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (JP¥7.13b market cap, or US$47.8m). Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥1,226, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 24x in the Software industry in Japan. Total loss to shareholders of 43% over the past three years. Announcement • Dec 29
Property Data Bank, Inc. to Report Q3, 2024 Results on Feb 07, 2024 Property Data Bank, Inc. announced that they will report Q3, 2024 results on Feb 07, 2024 Buying Opportunity • Nov 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be JP¥1,988, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • Nov 07
Second quarter 2024 earnings released: EPS: JP¥17.38 (vs JP¥53.79 in 2Q 2023) Second quarter 2024 results: EPS: JP¥17.38 (down from JP¥53.79 in 2Q 2023). Revenue: JP¥660.0m (down 35% from 2Q 2023). Net income: JP¥101.0m (down 68% from 2Q 2023). Profit margin: 15% (down from 31% in 2Q 2023). The decrease in margin was driven by lower revenue. Announcement • Sep 01
Property Data Bank, Inc. to Report Q2, 2024 Results on Nov 06, 2023 Property Data Bank, Inc. announced that they will report Q2, 2024 results on Nov 06, 2023 New Risk • Aug 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (JP¥10.7b market cap, or US$73.6m). Buying Opportunity • Jul 10
Now 21% undervalued Over the last 90 days, the stock is up 3.9%. The fair value is estimated to be JP¥2,486, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Jun 15
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥2,485, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • Jun 04
Property Data Bank, Inc. to Report Q1, 2024 Results on Aug 07, 2023 Property Data Bank, Inc. announced that they will report Q1, 2024 results on Aug 07, 2023 Upcoming Dividend • Mar 23
Inaugural dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. This is the first dividend for Property Data Bank since going public. The average dividend yield among industry peers is 1.7%. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥18.96 (vs JP¥21.40 in 3Q 2022) Third quarter 2023 results: EPS: JP¥18.96 (down from JP¥21.40 in 3Q 2022). Revenue: JP¥679.0m (up 19% from 3Q 2022). Net income: JP¥110.0m (down 11% from 3Q 2022). Profit margin: 16% (down from 22% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year and the company’s share price has also increased by 27% per year. Announcement • Nov 30
Property Data Bank, Inc. to Report Q3, 2023 Results on Jan 31, 2023 Property Data Bank, Inc. announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Michito Hoshino was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥17.43 (vs JP¥16.06 in 2Q 2022) Second quarter 2023 results: EPS: JP¥17.43 (up from JP¥16.06 in 2Q 2022). Revenue: JP¥621.0m (up 27% from 2Q 2022). Net income: JP¥101.0m (up 8.6% from 2Q 2022). Profit margin: 16% (down from 19% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 25% per year. Announcement • Aug 31
Property Data Bank, Inc. to Report Q2, 2023 Results on Oct 31, 2022 Property Data Bank, Inc. announced that they will report Q2, 2023 results on Oct 31, 2022 Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥17.78 (vs JP¥6.05 in 1Q 2022) First quarter 2023 results: EPS: JP¥17.78 (up from JP¥6.05 in 1Q 2022). Revenue: JP¥511.0m (up 16% from 1Q 2022). Net income: JP¥103.0m (up 194% from 1Q 2022). Profit margin: 20% (up from 8.0% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 29
Property Data Bank, Inc. to Report Q1, 2023 Results on Jul 28, 2022 Property Data Bank, Inc. announced that they will report Q1, 2023 results on Jul 28, 2022 Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥2,248, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 21x in the Software industry in Japan. Total returns to shareholders of 140% over the past three years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 22% share price gain to JP¥1,936, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 22x in the Software industry in Japan. Total returns to shareholders of 111% over the past three years. Announcement • May 02
Property Data Bank, Inc., Annual General Meeting, Jun 23, 2022 Property Data Bank, Inc., Annual General Meeting, Jun 23, 2022. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥77.37 (vs JP¥60.54 in FY 2021) Full year 2022 results: EPS: JP¥77.37 (up from JP¥60.54 in FY 2021). Revenue: JP¥2.25b (up 3.9% from FY 2021). Net income: JP¥448.0m (up 28% from FY 2021). Profit margin: 20% (up from 16% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Michito Hoshino was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Property Data Bank, Inc. to Report Fiscal Year 2022 Results on Apr 28, 2022 Property Data Bank, Inc. announced that they will report fiscal year 2022 results on Apr 28, 2022 Buying Opportunity • Apr 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.2%. The fair value is estimated to be JP¥1,921, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 15%. Board Change • Mar 30
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Outside Director Michito Hoshino was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. The company is not currently making a profit but it is cash flow positive. This is the first dividend for Property Data Bank since going public. The average dividend yield among industry peers is 1.8%. Buying Opportunity • Feb 08
Now 22% undervalued Over the last 90 days, the stock is up 3.6%. The fair value is estimated to be JP¥1,973, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. Earnings per share has declined by 15% per annum over the last 3 years. Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥21.40 (up from JP¥17.32 in 3Q 2021). Revenue: JP¥572.0m (up 4.8% from 3Q 2021). Net income: JP¥124.0m (up 24% from 3Q 2021). Profit margin: 22% (up from 18% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS JP¥16.06 (vs JP¥12.31 in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥489.0m (down 6.1% from 2Q 2021). Net income: JP¥93.0m (up 31% from 2Q 2021). Profit margin: 19% (up from 14% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥1,381, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 29x in the Software industry in Japan. Total returns to shareholders of 70% over the past three years. Board Change • Jul 31
High number of new directors Independent Outside Director Michito Hoshino was the last director to join the board, commencing their role in 2021. Reported Earnings • Jul 30
First quarter 2022 earnings released: EPS JP¥6.05 (vs JP¥12.58 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥440.0m (down 13% from 1Q 2021). Net income: JP¥35.0m (down 52% from 1Q 2021). Profit margin: 8.0% (down from 14% in 1Q 2021). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorated over the past week After last week's 23% share price decline to JP¥1,259, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 30x in the Software industry in Japan. Total returns to shareholders of 34% over the past three years. Reported Earnings • May 04
Full year 2021 earnings released: EPS JP¥60.54 (vs JP¥36.99 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥2.17b (up 17% from FY 2020). Net income: JP¥350.0m (up 61% from FY 2020). Profit margin: 16% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. This is the first dividend for Property Data Bank since going public. The average dividend yield among industry peers is 1.3%. Announcement • Mar 21
Property Data Bank, Inc. to Report Fiscal Year 2021 Results on Apr 30, 2021 Property Data Bank, Inc. announced that they will report fiscal year 2021 results on Apr 30, 2021 Reported Earnings • Feb 17
Third quarter 2021 earnings released: EPS JP¥17.32 (vs JP¥8.72 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥546.0m (up 29% from 3Q 2020). Net income: JP¥100.0m (up 96% from 3Q 2020). Profit margin: 18% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improved over the past week After last week's 25% share price gain to JP¥2,355, the stock is trading at a trailing P/E ratio of 47.3x, up from the previous P/E ratio of 37.7x. This compares to an average P/E of 38x in the Software industry in Japan. Total returns to shareholders over the past year are 140%. Is New 90 Day High Low • Feb 01
New 90-day high: JP¥2,181 The company is up 25% from its price of JP¥1,747 on 02 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 6.0% over the same period.