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Smaregi

TSE:4431
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4431
TSE
¥24B
Market Cap
  1. Home
  2. JP
  3. Software
Company description

Smaregi, Inc. plans, designs, develops, and provides Web services. The last earnings update was 435 days ago. More info.


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  • Smaregi has significant price volatility in the past 3 months.
4431 Share Price and Events
7 Day Returns
-9.8%
TSE:4431
-6.5%
JP Software
-8.9%
JP Market
1 Year Returns
-29.3%
TSE:4431
-8.5%
JP Software
-17.9%
JP Market
4431 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Smaregi (4431) -9.8% -33.3% -28.1% -29.3% - -
JP Software -6.5% -9.3% -22.5% -8.5% 29.9% 53.2%
JP Market -8.9% -12.1% -22.9% -17.9% -10.5% -14%
1 Year Return vs Industry and Market
  • 4431 underperformed the Software industry which returned -8.5% over the past year.
  • 4431 underperformed the Market in Japan which returned -17.9% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Smaregi 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.

In this section, we usually try to help investors determine whether Smaregi is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Smaregi has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Smaregi. This is due to cash flow or dividend data being unavailable. The share price is ¥2498.
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 Smaregi's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Smaregi's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:4431 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-04-30) in JPY Not available
TSE:4431 Share Price ** TSE (2020-04-03) in JPY ¥2498
Japan Software Industry PE Ratio Median Figure of 95 Publicly-Listed Software Companies 20.45x
Japan Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 11.52x

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

** Primary Listing of Smaregi.

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

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for Smaregi, we can't compare the value of its earnings to the Japan market.
Price based on expected Growth
Does Smaregi's expected growth come at a high price?
Raw Data
TSE:4431 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Software Industry PEG Ratio Median Figure of 27 Publicly-Listed Software Companies 2.03x
Japan Market PEG Ratio Median Figure of 1,282 Publicly-Listed Companies 1.26x

*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 Smaregi, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Smaregi's assets?
Raw Data
TSE:4431 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-04-30) in JPY Not available
TSE:4431 Share Price * TSE (2020-04-03) in JPY ¥2498
Japan Software Industry PB Ratio Median Figure of 121 Publicly-Listed Software Companies 2.08x
Japan Market PB Ratio Median Figure of 3,576 Publicly-Listed Companies 0.8x

* Primary Listing of Smaregi.

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

  • Unable to compare the PB ratio to the industry average as no data exists.

Next steps:

  1. Examine Smaregi's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Show me more potentially undervalued companies in the Software industry
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Smaregi'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. Smaregi 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.

Future Performance

 How is Smaregi 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 Smaregi 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
22.4%
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Smaregi expected to grow at an attractive rate?
  • Unable to compare Smaregi's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Smaregi's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Smaregi's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:4431 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Software Industry Earnings Growth Rate Market Cap Weighted Average 22.4%
Japan Software Industry Revenue Growth Rate Market Cap Weighted Average 11.8%
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:4431 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year 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:4431 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-04-04
TSE:4431 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-04-30 1,393 216
2017-04-30 938 115

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Smaregi is high growth as no earnings estimate data is available.
  • Unable to determine if Smaregi 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:4431 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Smaregi Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:4431 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-04-04
TSE:4431 Past Financials Data
Date (Data in JPY Millions) EPS *
2018-04-30 28.10
2017-04-30 15.16

*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 Smaregi will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Smaregi's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Smaregi'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 Software companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Smaregi'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.
Smaregi 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.

Past Performance

  How has Smaregi performed over the past 5 years?

In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Smaregi has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data. You can see them here.

Show me the analysis anyway

  • Smaregi's last earnings update was 435 days ago.
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 Smaregi's growth in the last year to its industry (Software).
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.
  • Insufficient past earnings data to establish if Smaregi's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Smaregi's 1-year growth to the 5-year average as past earnings data has not been reported.
  • Unable to compare Smaregi's 1-year growth to the JP Software industry average as past earnings data has not been reported.
Earnings and Revenue History
Smaregi'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 Smaregi Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:4431 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-04-30 1,393.00 216.00 530.00
2017-04-30 938.00 115.00 391.00

*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.
  • Unable to establish if Smaregi has efficiently used shareholders’ funds last year as no Return on Equity data is available.
  • Unable to establish if Smaregi has efficiently used its assets last year compared to the JP Software industry average (Return on Assets) as past financial data has not been reported.
  • Unable to establish if Smaregi improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.

Next steps:

  1. Examine Smaregi'sSmaregi's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Past financial records are usually unavailable for companies that have just been established or recently publicly listed, which makes them inherently riskier. Take a look at a list of well-established companies here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Past performance checks
We assess Smaregi'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 Software 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.
Smaregi 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.

Health

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

In this section we usually analyse Smaregi's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Smaregi has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information. You can see them here.

Show me the analysis anyway

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 Smaregi's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Unable to compare short term assets to short term liabilities as Smaregi has not reported sufficient balance sheet data.
  • Unable to establish if Smaregi's long term commitments exceed its cash and other short term assets as Smaregi has not reported sufficient balance sheet data.
Balance sheet
This treemap shows a more detailed breakdown of Smaregi'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.
  • Unable to establish if Smaregi has a high level of physical assets or inventory without balance sheet data.
  • Smaregi has no debt, it does not need to be covered by short term assets.
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 Smaregi Company Filings, last reported 1 year ago.

TSE:4431 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-04-30 499.00 24.00 429.00
2017-04-30 283.00 154.00 372.00
  • Smaregi has no debt.
  • Smaregi currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Smaregi has no debt, it does not need to be covered by operating cash flow.
  • Smaregi has no debt, therefore coverage of interest payments is not a concern.

Next steps:

  1. Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when Smaregi's financial data was last updated here.
  2. Companies with strong financial health are considered a less risky investment. Discover these stocks here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Financial health checks
We assess Smaregi'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. Smaregi has a total score of 4/6, 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.

Dividends

 What is Smaregi'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 Smaregi dividends.
If you bought ¥2,000 of Smaregi 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 Smaregi's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Smaregi'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:4431 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 Software Industry Average Dividend Yield Market Cap Weighted Average of 74 Stocks 1.8%
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:4431 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2020-04-04

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

  • Unable to perform a dividend volatility check as Smaregi has not reported any payouts.
  • Unable to verify if Smaregi's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Smaregi's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Smaregi 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 Smaregi'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 Smaregi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Smaregi 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.

Management

 What is the CEO of Smaregi'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
Hiroshi Yamamoto
AGE 47
CEO Bio

Mr. Hiroshi Yamamoto serves as President & Representative Director at Smaregi, Inc.

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

Hiroshi Yamamoto

TITLE
President & Representative Director
AGE
47

Makoto Tokuda

TITLE
Director & Founder
AGE
42

Ryutarou Minato

TITLE
Executive VP & Director
AGE
41
Board of Directors

Hiroshi Yamamoto

TITLE
President & Representative Director
AGE
47

Makoto Tokuda

TITLE
Director & Founder
AGE
42

Ryutarou Minato

TITLE
Executive VP & Director
AGE
41
TENURE
1.3 yrs

Kazuyoshi Jibiki

TITLE
Director
AGE
47

Yoshiyuki Tagawa

TITLE
Director

Masaya Suzuki

TITLE
Outside Director
AGE
44

Ryuhei Miyazaki

TITLE
Director
TENURE
1.3 yrs

Takuya Mochizuki

TITLE
Full-time Auditor
AGE
44

Yutaka Oohira

TITLE
Corporate Auditor

Masayuki Murata

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 Smaregi'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. Smaregi 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.

News

Simply Wall St News

Company Info

Description

Smaregi, Inc. plans, designs, develops, and provides Web services. The company also offers Smaregi, a cloud type POS cash register system; Smaregi Waiter, an order management system that uses smartphones; and Smaregi - Time Card, a cloud-type attendance management service that manages attendance information, as well as provides payroll calculation, vacation management, shift management, daily report, and project management functions. It is also involved in data collection/analysis and mail order businesses. The company was founded in 2005 and is headquartered in Osaka, Japan.

Details
Name: Smaregi, Inc.
4431
Exchange: TSE
Founded: 2005
¥23,564,633,200
9,433,400
Website: http://corp.smaregi.jp
Address: Smaregi, Inc.
Toshiba Osaka Building,
3rd Floor,
Osaka,
541-0053,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 4431 Common stock The Tokyo Stock Exchange JP JPY 28. Feb 2019
Number of employees
Current staff
Staff numbers
66
Smaregi employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 17:43
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2019/12/25
Last earnings filing: 2019/01/25
Last earnings reported: 2018/04/30
Last annual earnings reported: 2018/04/30


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.