Comture Corporation

3844.T · Technology · Information Technology Services · Valued as of 2026-11-03 · Statements 2026-03-31

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

479.94M USD

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

Profit

359.27M USD

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

FCFF

391.61M USD

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

Average Intrinsic Value

410.27M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

257.54M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

1.59×

the ratio the screener ranks by

Margin of Safety

+37.2%

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: 479.94M 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)413.39M USD
+②Net Cash Today66.55M USD
+③Growth Value0 USD
=Value479.94M USD

EPV of the Operations (NOPAT over WACC)

413.39M USD

Net cash today

+66.55M USD

Growth Value

0 USD

Value

479.94M USD

①EPV (earnings power value)

413.39M USD

②Net Cash Today

66.55M USD

③Growth Value

0 USD

Market value

Market Cap257.54M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+46.3%

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): 359.27M 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 FCFE196.17M USD
+②Equity at Year 15, Today163.10M USD
=Value359.27M 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

196.17M USD

②Equity at Year 15, Today

163.10M USD

Market value

Market Cap257.54M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+28.3%

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): 391.61M 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 FCFF238.14M USD
+②Invested Capital at Year 15, Today86.93M USD
+③Net Cash Today66.55M USD
=Value391.61M 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 falling 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

238.14M USD

②Invested Capital at Year 15, Today

86.93M USD

③Net Cash Today

66.55M USD

Market value

Market Cap257.54M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+34.2%

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: 5.43%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.16×Market Risk Premium 6.00%= 5.45%

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 8.93M USDPretax Income 29.50M USD= 30.27%

The tax the interest saves.

Interest Expense =EBIT 29.52M USD−Pretax Income 29.50M USD= 12.52K USD

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

Cost of Debt =Interest Expense 12.52K USDTotal Debt 1.25M USD×(1 − Tax Rate for WACC 30.27%)= 0.70%

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

Debt Weight =Total Debt 1.25M USDMarket Cap + Total Debt 257.54M USD + 1.25M USD= 0.48%

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

WACC =Equity Weight 99.52%×Cost of Equity 5.45%+Debt Weight 0.48%×Cost of Debt 0.70%= 5.43%

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, 2026-03-31.

Total Assets 169.41M USD − Total Liabilities 42.97M USD = Book Value Today 126.45M USD

Total Debt 1.25M USD − Cash and Short-Term Investments 67.80M USD = Net Debt Today -66.55M 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 − 10.0%at most 5%passes31,893,228 / 31,884,696
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets0.5%at least -10.0%passes(21.38M USD − 20.57M USD) ÷ 169.41M USD
Price to bookMarket Cap ÷ Book Value Today2.04×at most 3×passes257.54M USD ÷ 126.45M USD
Operating marginOperating Income ÷ Revenue12.2%above 10.0%passes29.19M USD ÷ 238.66M USD
Revenue growthRevenue ÷ Revenue a Year Before − 1-1.8%above 10.0%does not pass238.66M USD / 243.14M USD
Net cash(Cash − Total Debt) ÷ Market Cap25.8%above -30%passes(67.80M USD − 1.25M USD) ÷ 257.54M USD
Operating efficiencyOperating Income ÷ Gross Profit57.3%above 25.0%passes29.19M USD ÷ 50.95M USD

Market Data

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

Share price

1266.26 JPY

Enterprise value

29.77B JPY

the provider's own figure

EV / EBITDA

—

Price / book

2.09×

the provider's book

Price / earnings

12.28×

Return on equity

—

the provider's figure, not this page's

Profit margin

5.7%

Revenue growth

6.7%

Analyst target, mean

1331.33 JPY

Analysts

1

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.

USD2023202420252026
Income statement

Revenue

218.35M225.96M243.14M238.66M

Gross profit

50.32M51.90M55.10M50.95M

Operating income

30.56M30.41M30.98M29.19M

EBITDA

operating income before depreciation and amortisation

31.74M33.41M34.07M33.60M

Pretax income

29.05M30.09M30.68M29.50M

Net income

20.25M20.72M21.14M20.57M

Normalized income

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

21.32M20.97M21.42M20.53M

R&D

————
Balance sheet, year end

Total assets

163.36M154.95M171.35M169.41M

Total liabilities

49.91M43.87M47.79M42.97M

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

113.45M111.09M123.55M126.45M

Total debt

5.26M1.32M1.34M1.25M

Cash and equivalents

76.67M80.13M86.18M67.80M

Net PP&E

fixed assets after depreciation

5.49M4.29M5.75M4.72M

Working capital

current assets less current liabilities

83.51M88.20M95.36M78.63M
Cash flow

Operating cash flow

14.63M22.63M21.37M21.38M

Capital expenditure

paid out, so below zero

-879.25K-1.62M-6.08M-6.07M

Depreciation and amortisation

2.68M3.30M3.39M4.08M

Free cash flow

operating cash flow plus capital expenditure

13.75M21.01M15.29M15.31M