BRANU Inc.

460A.T · Technology · Information Technology Services · Valued as of 2026-11-03 · Statements 2025-10-31

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

37.23M USD

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

Profit

6.03M USD

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

FCFF

6.03M USD

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

Average Intrinsic Value

16.43M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

30.53M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.54×

the ratio the screener ranks by

Margin of Safety

-85.9%

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: 37.23M 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)16.35M USD
+②Net Cash Today5.04M USD
+③Growth Value15.83M USD
=Value37.23M USD

EPV of the Operations (NOPAT over WACC)

16.35M USD

Net cash today

+5.04M USD

Growth Value

+15.83M USD

Value

37.23M USD

①EPV (Earnings Power Value)

16.35M USD

②Net Cash Today

5.04M USD

③Growth Value

15.83M USD

Market value

Market Cap30.53M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+18.0%

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): 6.03M 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 (a profit at or below zero in the latest three years), so the value is the book value today, 6.03M 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 Cap30.53M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-406.4%

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): 6.03M 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 (an operating profit at or below zero in the latest three years), so the value is the book value today, 6.03M 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 Cap30.53M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-406.4%

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: 9.71%
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 564.50K USDPretax Income 2.14M USD= 26.40%

The tax the interest saves.

Interest Expense =EBIT 2.16M USD−Pretax Income 2.14M USD= 23.54K USD

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

Cost of Debt =Interest Expense 23.54K USDTotal Debt 2.67M USD×(1 − Tax Rate for WACC 26.40%)= 0.65%

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

Debt Weight =Total Debt 2.67M USDMarket Cap + Total Debt 30.53M USD + 2.67M USD= 8.04%

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

WACC =Equity Weight 91.96%×Cost of Equity 10.50%+Debt Weight 8.04%×Cost of Debt 0.65%= 9.71%

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, 2026-04-30.

Total Assets 10.82M USD − Total Liabilities 4.79M USD = Book Value Today 6.03M USD

Total Debt 2.67M USD − Cash and Short-Term Investments 7.71M USD = Net Debt Today -5.04M 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 measured4,500,000 / —
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets0.3%at least -10.0%passes(1.60M USD − 1.57M USD) ÷ 10.82M USD
Price to bookMarket Cap ÷ Book Value Today5.06×at most 3×does not pass30.53M USD ÷ 6.03M USD
Operating marginOperating Income ÷ Revenue15.6%above 10.0%passes2.16M USD ÷ 13.81M USD
Revenue growthRevenue ÷ Revenue a Year Before − 1—above 10.0%not measured13.81M USD / 0 USD
Net cash(Cash − Total Debt) ÷ Market Cap16.5%above -30%passes(7.71M USD − 2.67M USD) ÷ 30.53M USD
Operating efficiencyOperating Income ÷ Gross Profit19.2%above 25.0%does not pass2.16M USD ÷ 11.25M USD

Market Data

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

Share price

1061.06 JPY

Enterprise value

3.97B JPY

the provider's own figure

EV / EBITDA

—

Price / book

4.54×

the provider's book

Price / earnings

15.27×

Return on equity

—

the provider's figure, not this page's

Profit margin

10.9%

Revenue growth

39.5%

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)202320242025

Revenue

——13.81M

Gross profit

——11.25M

Operating income

——2.16M

EBITDA

operating income before depreciation and amortisation

——2.23M

Pretax income

——2.14M

Net income

——1.57M

Normalized income

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

——1.57M

R&D

———
Balance sheet, year end (USD)202320242025

Total assets

——7.93M

Total liabilities

——5.24M

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

——2.69M

Total debt

——2.95M

Cash and equivalents

——5.11M

Net PP&E

fixed assets after depreciation

——404.78K

Working capital

current assets less current liabilities

——4.05M
Cash flow (USD)202320242025

Operating cash flow

——1.60M

Capital expenditure

paid out, so below zero

——-422.94K

Depreciation and amortisation

——69.00K

Free cash flow

operating cash flow plus capital expenditure

——1.18M