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Raksul

TSE:4384
Snowflake Description

Imperfect balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4384
TSE
¥58B
Market Cap
  1. Home
  2. JP
  3. Commercial Services
Company description

Raksul Inc. provides printing services and advertising platform in Japan. The last earnings update was 25 days ago. More info.


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  • Raksul has significant price volatility in the past 3 months.
4384 Share Price and Events
7 Day Returns
-9%
TSE:4384
-9.1%
JP Commercial Services
-8.9%
JP Market
1 Year Returns
-50.2%
TSE:4384
-16%
JP Commercial Services
-17.9%
JP Market
4384 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Raksul (4384) -9% -29.3% -45.7% -50.2% - -
JP Commercial Services -9.1% -9% -23.9% -16% -9.2% -7.7%
JP Market -8.9% -10.5% -21.9% -17.9% -10.5% -14%
1 Year Return vs Industry and Market
  • 4384 underperformed the Commercial Services industry which returned -16% over the past year.
  • 4384 underperformed the Market in Japan which returned -17.9% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

4384 Value

 Is Raksul undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Raksul. This is due to cash flow or dividend data being unavailable. The share price is ¥2065.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Raksul's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Raksul's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:4384 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in JPY ¥-14.38
TSE:4384 Share Price ** TSE (2020-04-06) in JPY ¥2065
Japan Commercial Services Industry PE Ratio Median Figure of 111 Publicly-Listed Commercial Services Companies 11.89x
Japan Market PE Ratio Median Figure of 3,071 Publicly-Listed Companies 11.51x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Raksul.

TSE:4384 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:4384 Share Price ÷ EPS (both in JPY)

= 2065 ÷ -14.38

-143.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Raksul is loss making, we can't compare its value to the JP Commercial Services industry average.
  • Raksul is loss making, we can't compare the value of its earnings to the Japan market.
Price based on expected Growth
Does Raksul's expected growth come at a high price?
Raw Data
TSE:4384 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -143.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Commercial Services Industry PEG Ratio Median Figure of 31 Publicly-Listed Commercial Services Companies 1.3x
Japan Market PEG Ratio Median Figure of 1,281 Publicly-Listed Companies 1.25x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Raksul, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Raksul's assets?
Raw Data
TSE:4384 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in JPY ¥238.69
TSE:4384 Share Price * TSE (2020-04-06) in JPY ¥2065
Japan Commercial Services Industry PB Ratio Median Figure of 129 Publicly-Listed Commercial Services Companies 0.76x
Japan Market PB Ratio Median Figure of 3,576 Publicly-Listed Companies 0.8x
TSE:4384 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:4384 Share Price ÷ Book Value per Share (both in JPY)

= 2065 ÷ 238.69

8.65x

* Primary Listing of Raksul.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Raksul is overvalued based on assets compared to the JP Commercial Services industry average.
X
Value checks
We assess Raksul's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Raksul has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

4384 Future Performance

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

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 Raksul 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.2%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Raksul expected to grow at an attractive rate?
  • Unable to compare Raksul's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Raksul's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Raksul's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:4384 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
Japan Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSE:4384 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:4384 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-04-06
TSE:4384 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2020-01-31 20,819 -219 -400
2019-10-31 19,092 12
2019-07-31 17,168 11 69
2019-04-30 15,584 174
2019-01-31 13,766 168
2018-10-31 12,152 81
2018-07-31 11,174 137 15
2017-07-31 7,675 -1,175

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Raksul is high growth as no earnings estimate data is available.
  • Unable to determine if Raksul is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSE:4384 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Raksul Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:4384 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-04-06
TSE:4384 Past Financials Data
Date (Data in JPY Millions) EPS *
2020-01-31 -14.38
2019-10-31 0.43
2019-07-31 2.49
2019-04-30 6.34
2019-01-31 6.29
2018-10-31 3.37
2018-07-31 0.70
2017-07-31 -79.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Raksul will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Raksul's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  2. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Raksul's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Japan market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Japan market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Raksul has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

4384 Past Performance

  How has Raksul performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Raksul's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Raksul does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Raksul's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Raksul's 1-year growth to the JP Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
Raksul's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Raksul Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:4384 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 20,819.00 -400.00 4,689.00
2019-10-31 19,092.00 12.00 4,173.00
2019-07-31 17,168.00 69.00 3,746.00
2019-04-30 15,584.00 174.00 3,337.00
2019-01-31 13,766.00 168.00 3,011.00
2018-10-31 12,151.50 81.00 2,740.00
2018-07-31 11,174.00 15.00 2,628.00
2017-07-31 7,675.00 -1,175.00 2,883.00
2016-07-31 5,082.00 -1,448.00 2,338.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Raksul has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Raksul has efficiently used its assets last year compared to the JP Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Raksul improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Raksul's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Raksul has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

4384 Health

 How is Raksul's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Raksul's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Raksul is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Raksul's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Raksul's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Raksul Company Filings, last reported 2 months ago.

TSE:4384 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 6,699.00 10,128.00 15,134.00
2019-10-31 6,755.00 5,238.00 10,691.00
2019-07-31 6,809.00 271.00 5,904.00
2019-04-30 6,792.00 379.00 6,032.00
2019-01-31 6,741.00 408.00 5,902.00
2018-10-31 6,727.00 473.00 6,050.00
2018-07-31 6,674.00 505.00 6,366.00
2017-07-31 3,009.00 740.00 3,025.00
2016-07-31 2,134.00 490.00 1,844.00
  • Raksul's level of debt (150.7%) compared to net worth is high (greater than 40%).
  • Unable to establish if Raksul's debt level has increased without past 5-year debt data.
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.

  • Information is not available.
  • Unable to confirm if Raksul has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Raksul's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Raksul has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

4384 Dividends

 What is Raksul's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Raksul dividends.
If you bought ¥2,000 of Raksul shares you are expected to receive ¥0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Raksul's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Raksul's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSE:4384 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Japan Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 111 Stocks 2.4%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2988 Stocks 3%
Japan Minimum Threshold Dividend Yield 10th Percentile 1%
Japan Bottom 25% Dividend Yield 25th Percentile 1.8%
Japan Top 25% Dividend Yield 75th Percentile 4.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSE:4384 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2020-04-06

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Raksul has not reported any payouts.
  • Unable to verify if Raksul's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Raksul's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Raksul has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Raksul's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Raksul afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Raksul has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

4384 Management

 What is the CEO of Raksul's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Yasukane Matsumoto
TENURE AS CEO 10.6 years
CEO Bio

Mr. Yasukane Matsumoto is Founder of Raksul Inc. and has been its Chief Executive Officer since September 2009 and also serves as its President and Representative Director. Mr. Matsumoto has been an Outside Director at istyle Inc., since 2018. He joined A.T. Kearney in April 2008. Mr. Matsumoto Graduated from the Faculty of Commerce, Keio University in March 2008.

CEO Compensation
  • Insufficient data for Yasukane to compare compensation growth.
  • Insufficient data for Yasukane to establish whether their remuneration is reasonable compared to companies of similar size in Japan.
Management Team Tenure

Average tenure of the Raksul management team in years:

1.7
Average Tenure
  • The average tenure for the Raksul management team is less than 2 years, this suggests a new team.
Management Team

Yasukane Matsumoto

TITLE
Founder
TENURE
10.6 yrs

Yo Nagami

TITLE
CFO & Director
TENURE
5.5 yrs

Kozo Fukushima

TITLE
COO & Director
TENURE
1.7 yrs

Yusuke Izumi

TITLE
CTO & Director
TENURE
1.7 yrs

Shinnosuke Nishida

TITLE
Director of Corporate Administration Division

Masaki Tabe

TITLE
Chief Marketing Officer
TENURE
1.7 yrs
Board of Directors

Yasukane Matsumoto

TITLE
Founder

Yo Nagami

TITLE
CFO & Director
TENURE
5.5 yrs

Kozo Fukushima

TITLE
COO & Director

Yusuke Izumi

TITLE
CTO & Director

Masaki Tabe

TITLE
Chief Marketing Officer
TENURE
3.5 yrs

Genichi Tamatsuka

TITLE
Outside Director
AGE
57

Naomi Mori

TITLE
Corporate Auditor

Masahiro Kotosaka

TITLE
Corporate Auditor
AGE
37

Junko Utsunomiya

TITLE
Corporate Auditor
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (¥) Value (¥)
X
Management checks
We assess Raksul's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Raksul has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

4384 News

Simply Wall St News

4384 Company Info

Description

Raksul Inc. provides printing services and advertising platform in Japan. It prints flyers, business cards, pamphlets, posters, new year's cards, templates, and paper fans. The company was founded in 2009 and is headquartered in Tokyo, Japan.

Details
Name: Raksul Inc.
4384
Exchange: TSE
Founded: 2009
¥58,021,870,270
28,097,758
Website: http://www.raksul.com
Address: Raksul Inc.
IK Building,
1st Floor,
Tokyo,
Tokyo, 141-0021,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 4384 Share Capital The Tokyo Stock Exchange JP JPY 31. May 2018
Number of employees
Current staff
Staff numbers
262
Raksul employees.
Industry
Commercial Printing
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 17:20
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/23
Last earnings filing: 2020/03/12
Last earnings reported: 2020/01/31
Last annual earnings reported: 2019/07/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.