Daiwa Computer Co., Ltd.

3816.T · Technology · Software - Application · Valued as of 2026-11-05 · Statements 2024-07-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

61.03M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

39.09M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

47.28M USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

49.13M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

27.01M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

1.82×

the ratio the screener ranks by

Margin of Safety

+45.0%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 61.03M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)36.07M USD
+②Net Cash Today24.96M USD
+③Growth Value0 USD
=Value61.03M USD

EPV of the Operations (NOPAT over WACC)

36.07M USD

Net cash today

+24.96M USD

Growth Value

0 USD

Value

61.03M USD

①EPV (Earnings Power Value)

36.07M USD

②Net Cash Today

24.96M USD

③Growth Value

0 USD

Market value

Market Cap27.01M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+55.7%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 39.09M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE15.32M USD
+②Equity at Year 15, Today23.77M USD
=Value39.09M USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

15.32M USD

②Equity at Year 15, Today

23.77M USD

Market value

Market Cap27.01M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+30.9%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 47.28M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF17.80M USD
+②Invested Capital at Year 15, Today4.52M USD
+③Net Cash Today24.96M USD
=Value47.28M USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROIC on new investment falling to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

17.80M USD

②Invested Capital at Year 15, Today

4.52M USD

③Net Cash Today

24.96M USD

Market value

Market Cap27.01M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+42.9%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 6.48%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.34×Market Risk Premium 6.00%= 6.53%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 1.32M USDPretax Income 3.57M USD= 37.12%

The tax the interest saves.

Interest Expense =EBIT 3.57M USD−Pretax Income 3.57M USD= 6.69K USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 6.69K USDTotal Debt 268.14K USD×(1 − Tax Rate for WACC 37.12%)= 1.57%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 268.14K USDMarket Cap + Total Debt 27.01M USD + 268.14K USD= 0.98%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 99.02%×Cost of Equity 6.53%+Debt Weight 0.98%×Cost of Debt 1.57%= 6.48%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-01-31.

Total Assets 41.05M USD − Total Liabilities 5.93M USD = Book Value Today 35.12M USD

Total Debt 268.14K USD − Cash and Short-Term Investments 25.23M USD = Net Debt Today -24.96M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 10.1%at most 5%passes3,875,000 / 3,871,345
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets4.0%at least -10.0%passes(3.89M USD − 2.24M USD) ÷ 41.05M USD
Price to bookMarket Cap ÷ Book Value Today0.77×at most 3×passes27.01M USD ÷ 35.12M USD
Operating marginOperating Income ÷ Revenue17.2%above 10.0%passes3.70M USD ÷ 21.58M USD
Revenue growthRevenue ÷ Revenue a Year Before − 11.0%above 10.0%does not pass21.58M USD / 21.37M USD
Net cash(Cash − Total Debt) ÷ Market Cap92.4%above -30%passes(25.23M USD − 268.14K USD) ÷ 27.01M USD
Operating efficiencyOperating Income ÷ Gross Profit53.3%above 25.0%passes3.70M USD ÷ 6.95M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

1104.10 JPY

Enterprise value

465.44M JPY

the provider's own figure

EV / EBITDA

1.55×

Price / book

0.77×

the provider's book

Price / earnings

19.64×

Return on equity

4.0%

the provider's figure, not this page's

Profit margin

6.7%

Revenue growth

5.6%

Analyst target, mean

—

Analysts

—

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

Income statement (USD)2022202320242025

Revenue

21.43M21.37M21.58M—

Gross profit

6.66M6.83M6.95M—

Operating income

3.51M3.58M3.70M—

EBITDA

operating income before depreciation and amortisation

4.03M3.92M3.84M—

Pretax income

3.78M3.66M3.57M—

Net income

2.53M2.34M2.24M—

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

2.61M2.42M2.49M—

R&D

————
Balance sheet, year end (USD)2022202320242025

Total assets

39.07M40.96M40.13M—

Total liabilities

6.23M6.94M6.69M—

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

32.84M34.02M33.45M—

Total debt

223.44K608.00K521.98K—

Cash and equivalents

23.69M23.20M25.41M—

Net PP&E

fixed assets after depreciation

8.14M7.97M7.28M—

Working capital

current assets less current liabilities

22.79M23.16M24.11M—
Cash flow (USD)2022202320242025

Operating cash flow

2.11M2.31M3.89M—

Capital expenditure

paid out, so below zero

-53.12K-47.80K-52.91K—

Depreciation and amortisation

244.27K248.40K261.47K—

Free cash flow

operating cash flow plus capital expenditure

2.06M2.26M3.84M—