How does COVC.F's PE Ratio compare to its peers?

COVC.F is expensive based on its Price-To-Earnings Ratio (35.9x) compared to the peer average (22.1x).

How does COVC.F's PE Ratio compare vs other companies in the US Entertainment Industry?

COVC.F is expensive based on its Price-To-Earnings Ratio (35.9x) compared to the US Entertainment industry average (22.8x).

What is COVC.F'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.

COVC.F is expensive based on its Price-To-Earnings Ratio (35.9x) compared to the estimated Fair Price-To-Earnings Ratio (23.2x).

What is the Fair Price of COVC.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

COVC.F ($17.19) is trading below our estimate of [[fair value]] ($23.26)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

COVER (OTCPK:COVC.F) - Stock Price, News & Analysis

COVC.F Stock Overview

Engages in the virtual platform, VTuber production, and media mix businesses. More details

COVC.F fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	4/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 26.1% below our estimate of its fair value

Earnings are forecast to grow 27.02% per year

Earnings grew by 35.2% over the past year

Risk Analysis

High level of non-cash earnings

Volatile share price over the past 3 months compared to the US market

COVER Corporation Competitors

IMAX

NYSE:IMAX

US$1.3b

Vivid Seats

NasdaqGS:SEAT

US$731.3m

Madison Square Garden Entertainment

NYSE:MSGE

US$1.8b

iQIYI

NasdaqGS:IQ

US$1.9b

Price History & Performance

Summary of all time highs, changes and price drops for COVER
Historical stock prices
Current Share Price	JP¥17.19
52 Week High	JP¥21.06
52 Week Low	JP¥10.00
Beta	0
11 Month Change	65.01%
3 Month Change	34.26%
1 Year Change	n/a
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	-14.07%

Recent updates

Shareholder Returns

	COVC.F	US Entertainment	US Market
7D	10.2%	5.4%	2.2%
1Y	n/a	53.7%	31.6%

Return vs Industry: Insufficient data to determine how COVC.F performed against the US Entertainment industry.

Return vs Market: Insufficient data to determine how COVC.F performed against the US Market.

Price Volatility

Is COVC.F's price volatile compared to industry and market?
COVC.F volatility
COVC.F Average Weekly Movement	10.6%
Entertainment Industry Average Movement	6.7%
Market Average Movement	6.3%
10% most volatile stocks in US Market	15.7%
10% least volatile stocks in US Market	3.1%

Stable Share Price: COVC.F's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: COVC.F's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

Founded	Employees	CEO	Website
2016	537	Motoaki Tanigo	cover-corp.com

COVER Corporation engages in the virtual platform, VTuber production, and media mix businesses. The company provides VTuber Production, an agency that produces VTubers; Media Mix offers intellectual property for VTubers through planning and development of merchandise, licenses/tie-ins, comics, animation, and other activities; and Metaverse develops Holoearth, focusing on sandbox games that allow users to act freely in a virtual space. The company was founded in 2016 and is based in Tokyo, Japan.

COVER Corporation Fundamentals Summary

How do COVER's earnings and revenue compare to its market cap?
COVC.F fundamental statistics
Market cap	US$1.07b
Earnings (TTM)	US$29.71m
Revenue (TTM)	US$226.00m

35.9x

P/E Ratio

4.7x

P/S Ratio

Is COVC.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
COVC.F income statement (TTM)
Revenue	JP¥34.99b
Cost of Revenue	JP¥17.89b
Gross Profit	JP¥17.11b
Other Expenses	JP¥12.51b
Earnings	JP¥4.60b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	73.93
Gross Margin	48.88%
Net Profit Margin	13.15%
Debt/Equity Ratio	0%

How did COVC.F perform over the long term?

See historical performance and comparison

COVER OTCPK:COVC.F Stock Report