Simplex Holdings, Inc.

4373.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

658.87M USD

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

Profit

626.93M USD

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

FCFF

563.85M USD

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

Average Intrinsic Value

616.55M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

1.64B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.37×

the ratio the screener ranks by

Margin of Safety

-166.8%

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: 658.87M 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)614.36M USD
−②Net Debt Today50.19M USD
+③Growth Value94.69M USD
=Value658.87M USD

EPV of the Operations (NOPAT over WACC)

614.36M USD

Net debt today

-50.19M USD

Growth Value

+94.69M USD

Value

658.87M USD

①EPV (earnings power value)

614.36M USD

②Net Debt Today

50.19M USD

③Growth Value

94.69M USD

Market value

Market Cap1.64B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-149.6%

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): 626.93M 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 FCFE478.53M USD
+②Equity at Year 15, Today148.40M USD
=Value626.93M 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

478.53M USD

②Equity at Year 15, Today

148.40M USD

Market value

Market Cap1.64B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-162.3%

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): 563.85M 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 FCFF501.44M USD
+②Invested Capital at Year 15, Today112.59M USD
−③Net Debt Today50.19M USD
=Value563.85M 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

501.44M USD

②Invested Capital at Year 15, Today

112.59M USD

③Net Debt Today

50.19M USD

Market value

Market Cap1.64B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-191.7%

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: 9.84%
Cost of Equity =Risk-Free Rate 4.50%+Beta 1.02×Market Risk Premium 6.00%= 10.63%

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 23.89M USDPretax Income 89.88M USD= 26.57%

The tax the interest saves.

Interest Expense =EBIT 91.10M USD−Pretax Income 89.88M USD= 1.22M USD

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

Cost of Debt =Interest Expense 1.22M USDTotal Debt 140.64M USD×(1 − Tax Rate for WACC 26.57%)= 0.64%

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

Debt Weight =Total Debt 140.64M USDMarket Cap + Total Debt 1.64B USD + 140.64M USD= 7.88%

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

WACC =Equity Weight 92.12%×Cost of Equity 10.63%+Debt Weight 7.88%×Cost of Debt 0.64%= 9.84%

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 552.16M USD − Total Liabilities 229.95M USD = Book Value Today 322.20M USD

Total Debt 140.64M USD − Cash and Short-Term Investments 90.45M USD = Net Debt Today 50.19M 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 − 1-3.9%at most 5%passes223,693,624 / 232,731,212
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets0.2%at least -10.0%passes(66.94M USD − 65.99M USD) ÷ 552.16M USD
Price to bookMarket Cap ÷ Book Value Today5.10×at most 3×does not pass1.64B USD ÷ 322.20M USD
Operating marginOperating Income ÷ Revenue24.6%above 10.0%passes90.31M USD ÷ 367.49M USD
Revenue growthRevenue ÷ Revenue a Year Before − 115.9%above 10.0%passes367.49M USD / 317.09M USD
Net cash(Cash − Total Debt) ÷ Market Cap-3.1%above -30%passes(90.45M USD − 140.64M USD) ÷ 1.64B USD
Operating efficiencyOperating Income ÷ Gross Profit56.3%above 25.0%passes90.31M USD ÷ 160.46M USD

Market Data

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

Share price

1152.15 JPY

Enterprise value

268.91B JPY

the provider's own figure

EV / EBITDA

17.58×

Price / book

5.18×

the provider's book

Price / earnings

25.50×

Return on equity

21.8%

the provider's figure, not this page's

Profit margin

17.3%

Revenue growth

19.8%

Analyst target, mean

1451.45 JPY

Analysts

6

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

262.62M269.07M317.09M367.49M

Gross profit

109.70M115.34M131.39M160.46M

Operating income

55.99M58.49M72.28M90.31M

EBITDA

operating income before depreciation and amortisation

71.75M73.40M91.54M107.56M

Pretax income

54.84M57.80M71.78M89.88M

Net income

40.82M40.94M52.06M65.99M

Normalized income

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

40.82M40.94M52.06M65.99M

R&D

10.81M12.28M9.87M9.84M
Balance sheet, year end

Total assets

528.05M523.82M528.69M552.16M

Total liabilities

212.54M212.57M202.13M229.95M

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

315.51M311.25M326.56M322.20M

Total debt

159.74M149.52M124.61M140.64M

Cash and equivalents

96.43M90.76M89.91M90.45M

Net PP&E

fixed assets after depreciation

32.35M47.94M36.80M66.71M

Working capital

current assets less current liabilities

103.05M-15.43M86.21M99.47M
Cash flow

Operating cash flow

28.05M55.05M65.20M66.94M

Capital expenditure

paid out, so below zero

-3.59M-6.53M-6.57M-2.47M

Depreciation and amortisation

15.65M14.54M18.44M16.46M

Free cash flow

operating cash flow plus capital expenditure

24.46M48.52M58.63M64.47M