NE INC

441A.T · Technology · Information Technology Services · Valued as of 2026-11-03 · Statements 2026-04-30

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

78.80M USD

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

Profit

26.49M USD

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

FCFF

26.49M USD

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

Average Intrinsic Value

43.92M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

54.49M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.81×

the ratio the screener ranks by

Margin of Safety

-24.1%

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: 78.80M 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)60.71M USD
+②Net Cash Today18.08M USD
+③Growth Value0 USD
=Value78.80M USD

EPV of the Operations (NOPAT over WACC)

60.71M USD

Net cash today

+18.08M USD

Growth Value

0 USD

Value

78.80M USD

①EPV (earnings power value)

60.71M USD

②Net Cash Today

18.08M USD

③Growth Value

0 USD

Market value

Market Cap54.49M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+30.8%

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): 26.49M 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.

The projection was not made (no book value at the start of the latest year), so the value is the book value today, 26.49M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFE

Not in the value

②Equity at Year 15, Today

Not in the value

Market value

Market Cap54.49M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-105.7%

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): 26.49M 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).

The projection was not made (no invested capital or measured change in working capital for the latest year), so the value is the book value today, 26.49M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Cash Today

Not in the value

Market value

Market Cap54.49M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-105.7%

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: 10.50%
Cost of Equity =Risk-Free Rate 4.50%+Beta (default) 1.00×Market Risk Premium 6.00%= 10.50%

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 2.72M USDPretax Income 9.03M USD= 30.19%

The tax the interest saves.

Interest Expense =EBIT 9.13M USD−Pretax Income 9.03M USD= —

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

No interest is read: it needs debt and an EBIT above the profit before tax, the gap between them being the interest. Without it the cost of debt takes the 4% default.

Cost of Debt 4.00% (default): with no debt or no interest read, the 4% default after tax stands for what the lenders are paid a year.

Debt Weight =Total Debt 0 USDMarket Cap + Total Debt 54.49M USD + 0 USD= 0.00%

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

WACC =Equity Weight 100.00%×Cost of Equity 10.50%+Debt Weight 0.00%×Cost of Debt 4.00%= 10.50%

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, 2025-10-31.

Total Assets 32.77M USD − Total Liabilities 6.28M USD = Book Value Today 26.49M USD

Total Debt 0 USD − Cash and Short-Term Investments 18.08M USD = Net Debt Today -18.08M 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—at most 5%not measured33,002,002 / —
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets3.2%at least -10.0%passes(7.35M USD − 6.30M USD) ÷ 32.77M USD
Price to bookMarket Cap ÷ Book Value Today2.06×at most 3×passes54.49M USD ÷ 26.49M USD
Operating marginOperating Income ÷ Revenue35.9%above 10.0%passes9.13M USD ÷ 25.42M USD
Revenue growthRevenue ÷ Revenue a Year Before − 1—above 10.0%not measured25.42M USD / 0 USD
Net cash(Cash − Total Debt) ÷ Market Cap33.2%above -30%passes(18.08M USD − 0 USD) ÷ 54.49M USD
Operating efficiencyOperating Income ÷ Gross Profit49.4%above 25.0%passes9.13M USD ÷ 18.50M USD

Market Data

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

Share price

258.26 JPY

Enterprise value

5.01B JPY

the provider's own figure

EV / EBITDA

—

Price / book

1.77×

the provider's book

Price / earnings

8.70×

Return on equity

—

the provider's figure, not this page's

Profit margin

24.3%

Revenue growth

-2.7%

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.

USD202420252026
Income statement

Revenue

——25.42M

Gross profit

——18.50M

Operating income

9.80M10.68M9.13M

EBITDA

operating income before depreciation and amortisation

10.80M12.04M10.19M

Pretax income

——9.03M

Net income

——6.30M

Normalized income

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

—6.84M6.30M

R&D

———
Balance sheet, year end

Total assets

——32.18M

Total liabilities

——3.45M

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

——28.73M

Total debt

———

Cash and equivalents

——22.70M

Net PP&E

fixed assets after depreciation

——1.61M

Working capital

current assets less current liabilities

——25.22M
Cash flow

Operating cash flow

——7.35M

Capital expenditure

paid out, so below zero

——-963.73K

Depreciation and amortisation

——1.06M

Free cash flow

operating cash flow plus capital expenditure

——6.38M