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COOKPAD
(2193)
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Rating:63Neutral
Price Target:
¥132.00
▼(-2.94% Downside)
Action:Reiterated
Date:08/10/26
The score is primarily supported by improving profitability and a conservatively financed balance sheet, but tempered by persistent revenue decline and uneven cash-flow conversion. Technicals are mildly constructive in the near term but remain weaker over longer horizons, while valuation is a key drag due to the high P/E without an offsetting dividend yield.
Positive Factors
Conservative balance sheet
Low leverage and a sizable equity base materially reduce refinancing and solvency risk, giving management flexibility to invest in product, marketing, or M&A without pressing liquidity constraints. Over months, this supports resilience through revenue cycles and funds strategic initiatives.
Negative Factors
Multi-year revenue decline
Sustained top-line contraction erodes the base that high margins rely on, compresses growth optionality for subscriptions and ad monetization, and raises the bar for management to restore secular user engagement. Without revenue stabilization, margin and cash improvements may be fragile.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and a sizable equity base materially reduce refinancing and solvency risk, giving management flexibility to invest in product, marketing, or M&A without pressing liquidity constraints. Over months, this supports resilience through revenue cycles and funds strategic initiatives.
Read all positive factors
COOKPAD (2193) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥9.84B
Dividend YieldN/A
Average Volume (3M)348.50K
Price to Earnings (P/E)7.8
Beta (1Y)0.05
Revenue Growth-8.20%
EPS Growth125.15%
CountryJP
Employees101
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)16.80
Shares Outstanding78,807,900
10 Day Avg. Volume381,220
30 Day Avg. Volume348,496
Financial Highlights & Ratios
PEG Ratio-0.39
Price to Book (P/B)0.87
Price to Sales (P/S)2.09
P/FCF Ratio19.99
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
COOKPAD Business Overview & Revenue Model
Company Description
Cookpad Inc. manages a global online community where users can exchange culinary concepts and advice. Additionally, the company is involved in Cookpad Mart and television ventures. Originally established as Coin Ltd., the organization rebranded as...
How the Company Makes Money
Cookpad primarily monetizes its recipe platform through (1) subscription revenue and (2) advertising-related revenue. Subscriptions typically come from users who pay for premium features that enhance the recipe and cooking experience (for example,...
COOKPAD Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
82
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.12B | 5.34B | 5.88B | 7.61B | 9.09B | 10.00B |
| Gross Profit | 4.81B | 5.00B | 5.47B | 6.97B | 8.36B | 9.05B |
| EBITDA | 350.00M | 509.12M | 1.03B | -2.50B | -3.27B | -2.16B |
| Net Income | 1.23B | 741.44M | 1.33B | -2.23B | -3.49B | -2.38B |
Balance Sheet | ||||||
| Total Assets | 14.39B | 14.10B | 15.26B | 14.65B | 20.16B | 23.87B |
| Cash, Cash Equivalents and Short-Term Investments | 6.25B | 5.89B | 12.08B | 12.02B | 16.82B | 20.41B |
| Total Debt | 536.74M | 1.07B | 837.28M | 284.15M | 1.14B | 1.23B |
| Total Liabilities | 1.11B | 1.21B | 1.64B | 921.18M | 2.41B | 2.24B |
| Stockholders Equity | 13.28B | 12.90B | 13.62B | 13.73B | 17.75B | 21.03B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 559.05M | 1.33B | -2.19B | -2.76B | -1.95B |
| Operating Cash Flow | 0.00 | 577.54M | 1.52B | -2.16B | -2.70B | -1.77B |
| Investing Cash Flow | 0.00 | -4.93B | 192.60M | -531.91M | -261.96M | -336.39M |
| Financing Cash Flow | 0.00 | -1.94B | -2.34B | -3.08B | -976.49M | -1.09B |
COOKPAD Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥52.32B | 48.38 | ― | ― | 30.21% | 488.52% | |
75 Outperform | ¥718.93B | 39.35 | 31.15% | 1.36% | 18.37% | -8.77% | |
63 Neutral | ¥9.84B | 7.80 | 1.68% | ― | -8.20% | 125.15% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
51 Neutral | ¥4.83B | -9.29 | ― | 0.29% | -8.10% | -833.44% | |
48 Neutral | ¥1.81B | 24.03 | ― | ― | -6.14% | 525.38% | |
43 Neutral | ¥2.38B | -3.36 | ― | ― | -5.45% | -347.30% |
* Communication Services Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.